Blogotariat

Musk's big battery tweets set Australia on a path to a renewables revolution in 2017. His utterings on X in this election could help shape the future of energy in Australia.

The Real Estate Institute of New Zealand’s (REINZ) house price index (HPI) for January was released this week. Nationally, home values declined by 0.2% in January to be 1.4% lower year-on-year. The seasonally adjusted HPI recorded a slight increase of 0.1% in January, which was lower than the 0.7% rise in January 2024. After experiencing one

The post Reserve Bank ends New Zealand’s house price crash appeared first on MacroBusiness.

Victoria’s public debt is already the highest in the country, and the state has the lowest credit rating. One of the causes of Victoria’s ballooning debt is the state’s wasteful infrastructure splurge, which frequently involves massive projects that do not stand up to critical examination. Victoria has recently seen cost overruns totalling $2.5 billion for

The post Infrastructure waste buries Victorians in debt appeared first on MacroBusiness.

The Bank of Russia (CBR) has said it is not in talks with the US administration regarding the removal of economic sanctions imposed over the Ukraine conflict. Washington has signaled that sanctions relief could be a part of the peace process to end hostilities, leading to speculation in the media about potential discussions.

Via Institute for Energy Economics & Financial Analysis. The worsening supply-demand outlook in Australia’s eastern states has prompted renewed calls for increased gas production. However, such measures have consistently failed to address the longer-term risk of supply gaps, and policy solutions should be further explored instead. Most notably, while LNG producers prioritise exports to take

The post IEEFA: Reserve gas now appeared first on MacroBusiness.

The gall of Treasurer Jim Chalmers is unbelievable. Following the Reserve Bank of Australia’s (RBA) decision to cut the official cash rate on Tuesday, Chalmers gave a “blunt” warning to landlords to pass the mortgage interest savings onto tenants. “When interest rates are cut, that has a broader impact than just people with a mortgage”,

The post Jim Chalmers insults Australian renters appeared first on MacroBusiness.

Andrew Boak of Goldman Sachs should be RBA governor.  Although he is not a liar, so that rules him out. On unemployment. The upside surprise in employment and participation suggests the unusual post-pandemic increase in workers changing jobs or taking extended leave over the summer holiday period is normalizing back to pre-pandemic trends earlier than

The post Major bank: Wages smashed by immigration appeared first on MacroBusiness.

Melbourne’s office market has the highest vacancy rate in the nation. According to JLL Research, Melbourne’s CBD office vacancy rate increased to almost 20% in Q3 2024, well above the other capital cities, which recorded falling vacancy rates. Separate data from the Property Council of Australia (PCA) showed that Melbourne’s office vacancy rate was 18%

The post Melbourne’s office market is a ghost town appeared first on MacroBusiness.

Overnight saw another stumble on Wall Street as large industrial stocks warned of recessionary fears with European shares also failing to get back on trend as the Ukrainian situation sours in Russia’s favour. A reversal in fortune for USD as all the undollars led by Yen made big gains overnight with the Australian dollar leaping

The post Macro Morning appeared first on MacroBusiness.

DXY is breaking down as Tariff Man turns into Deal Man. AUD to the moon! Still room to close the jaws. And now for another one-month commodity bubble. Big miners past the worst. LMAO! EM loving DXY. Junk fizzer. Yields eased. Stocks struggling ATH. This is the kind of squeezy action we need to puke

The post Australian dollar roars into the void appeared first on MacroBusiness.

Ben is joined by Martin Drum from the University of Notre Dame to discuss the new electoral system for the Western Australian Legislative Council and to look back at the last four years of WA state politics in the lead up to next month’s state election.

Four U.N. special rapporteurs have written jointly to the U.K. government demanding explanation of its inappropriate persecution of journalists and political activists under the Terrorism Act. 

They state that those persecuted:

Trump’s assaults on governance could trigger systemic collapse. Here’s how it might happen, and how we can prepare.

By George Monbiot, published in the Guardian  18th February 2025

Though we might find it hard to imagine, we cannot now rule it out: the possibility of systemic collapse in the United States. The degradation of federal government by Donald Trump and Elon Musk could trigger a series of converging and compounding crises, leading to social, financial and industrial failure.