Blogotariat

Trump's war on wind and solar claims more scalps, including a hugely successful state renewable mandate and an already approved offshore wind farm.

The policy decisions taken in the next decade will determine whether the Australia's building sector is still clinging to gas or fully part of the clean energy future.

Ferrous is weakening inexorably, succumbing to seasonal weakness. CISA output data for August bounced from the lows, but steel inventory is climbing. SMM has the wrap. The impact of yesterday’s supply-side incident on market sentiment has gradually weakened, and the price logic has returned to the fundamentals. According to SMM survey data, this week, the impact

The post Iron ore levitates appeared first on MacroBusiness.

Westpac with the note. Leading Index growth rate ticks up to 0.12% in July. ‘Slow motion’ recovery continues to underwhelm. Main headwind coming from commodity price falls and higher AUD. Softer tone from labour market but other components lacking direction. Even with this small improvement, the Leading Index still points to sluggish growth momentum in

The post Leading index: Economy is “slow motion” recovery appeared first on MacroBusiness.

Erin Rolandsen, CEO of Angelassist, penned an article for MB on Tuesday explaining how Australia’s public service has been outsourced to Big Four consulting firms: The truth is undeniable: our parliamentary departments have been hollowed out by decades of outsourcing. Whereas they once held expertise, they are now mere husks whose only remaining function is

The post Australia’s growing shadow bureaucracy appeared first on MacroBusiness.

The sight of so many flabby central bankers running nowhere inside a rat wheel is enough to make you barf. That’s what we got yesterday in the RBA minutes. The staff’s forecasts for GDP growth in the medium term had been reduced a little because of a lower assumed rate of productivity growth to which

The post RBA notices rat wheel economy, turns dovish appeared first on MacroBusiness.

The first off-grid hybrid renewables system to power a mine site in New South Wales is fully operational, with the potential to operate "hydrocarbons off" most days.

Recently a case was made that the Reserve Bank and the Albanese government did not deserve to be blamed for the deterioration in Australian living standards and real wages, due to the fact that similar trends were present throughout much of the developed world. While there is certainly truth to the idea that other advanced

The post The ‘Lucky Country’s’ uniquely disastrous economy appeared first on MacroBusiness.

More than 350 Australian businesses petition the federal government to set a 75% 2035 emissions reduction target, as a new report argues a strong economic case for high climate ambition.

Fortescue says it is making progress on its "real zero" target" as the cost of key technologies are pushed downwards by "investment supercycle" in China.

Goldman with the outlook. AUD, NZD, & CAD: Caution signs. Cyclical G10 currencies, AUD, NZD, and CAD, have underperformed in August. After touching or nearly-reaching our 3-month targets, each has doubled back weaker versus the Dollar over the past month. Risk has been under pressure and could be weighing on the more cyclical parts of

The post Major bank: Australian dollar to crawl higher appeared first on MacroBusiness.

The state of Victoria has the highest unemployment rate in the nation. As illustrated below by Alex Joiner from IFM Investors, Victoria’s unemployment rate was 4.55% in July, 0.32% above the weighted average of the rest of the nation. The next chart from CBA plots trend unemployment rates across the states and shows that Victoria’s

The post Victoria: the unemployed state appeared first on MacroBusiness.

The Australian government has cancelled the use of the word “immigration” internally, including at supposedly “independent” entities such as the RBA and PC. Now the government is wasting taxpayer dollars trying to eliminate the word from media coverage. A nice juxtaposition comes from the US today, where democracy still exists, and the US government is

The post How grownups discuss immigration and the economy appeared first on MacroBusiness.