Blogotariat

The instantaneous share of renewable energy in Australia’s main grid has reached new highs for the second day in a row, steadily nudging out fossil fuels in preparation for the day that coal generation might be switched

When compared to fossil fuel and nuclear options, solar PV’s global costs in 2023 were 56 per cent lower, while onshore wind’s costs were even lower.

The Albanese government delivered a second consecutive budget surplus, as illustrated below by Justin Fabo at Antipodean Macro: The underlying cash budget balance recorded a surplus of $15.8 billion (0.6% of GDP) in 2023-24, which was larger than forecast in the May Budget. Massive personal tax receipts from the rapidly expanding labour market (read: immigration)

These were from yesterday. In its regular meeting today (29 September) chaired by Premier Li Qiang, the State Council focused on the implementation of “launching a basket of incremental easing measures” (“研究部署一揽子增量政策的落实工作”), and reiterated the pledge to “strive for the full-year growth targets”, echoing President Xi’s call in the SeptemberPolitburo meeting. Specifically, Premier Li pledged

The post More China stimmies, not enough appeared first on MacroBusiness.

Westpac with the note. The Westpac Card Tracker Index* has been relatively steady through September, holding at 135.4 in the latest week ended September 21. The data continues to point to a lacklustre spending response to the ‘stage 3’ tax cuts and other fiscal support measures that came into effect from the start of July.

The post Consumer still fearful appeared first on MacroBusiness.

The Productivity Commission with the report. A year has passed since the ‘COVID-19 productivity bubble’ and Australian productivity growth appears to have reverted to the same stagnant pattern as before the pandemic, despite the very different economic conditions. Labour productivity declined by 0.8% for the whole economy in the June 2024 quarter (an increase of

The post Chalmers’ productivity sinkhole deepens appeared first on MacroBusiness.

DXY is holding. EUR is poised for beakout: AUD is putting in a series of candles: North Asia is fading: Oil held on as the Levant burns: Metals flamed out: Miners topped: EM too: Junk is a one way bull train: Yields firmed: Stocks too: The news is European inflation is cooked now too and

The post Australian dollar to peak as Europe cuts rates appeared first on MacroBusiness.

This is a very quick blog post as I am catching up on stuff that has been happening while moving house. On the very day that I moved house, nominations were announced for the ACT election.

I won’t be doing a lot on this specific candidate announcement, but the final lists of candidates have now been published on my election guide.

New neighbours moved in next door and I fear they are a share house. Yes, yes, I am aware of the hypocrisy. But I'm also aware of what having a share house next door to you means.

For one thing, it means I had to get a sleep mask. The last owners installed a security lighting system as part of their very dodgy effort to add a bit of value to the property, and this thing goes off all night long. Possums, cats, birds, the wind in the willows, any kind of movement at all and we get prisoner-of-war camp searchlights beaming directly in through the bedroom window.

In the Progressive International's 38th Briefing of 2024, we bring you news from Lebanon and the spiraling illogic of “de-escalation by escalation”. If you would like to receive our Briefing in your inbox, you can sign up using the form at the bottom of this page.

1978. 1982. 2006. 2024.

Stephen Wu, senior economist at CBA, has published research showing how Australians are overwhelmingly using the extra disposable income from the Stage 3 tax cuts to pay down debts. Wu notes that the growth in total salaries and wages paid into CBA bank accounts has picked up since the tax cuts took effect in July.

The post Frugal Aussies use tax cuts to pay down debts appeared first on MacroBusiness.

The following speakers shared their insights on Saturday afternoon in Kingston, New York on how to restore the peace and freedom that has been robbed from us by politicians… 

• Roger Waters,  activist, bassist, a founder of Pink Floyd.

• Judge Andrew Napolitano, constitutional expert, and host of Judging Freedom podcast.

The National Bank of Canada has released stunning data showing the extent to which government spending is holding up Canada’s economy while still shrinking at an alarming rate per capita. According to the National Bank of Canada, per capita “GDP has seen a cumulative decline of 3.9% since its peak in 2022, the first time

The post Canadian and Australian economies live off the public teat appeared first on MacroBusiness.