Blogotariat

Electric homes are far more efficient than those that rely on fossil gas, and cleaner and healthier too. But they will require storage to avoid surges in peak demand.

The Market on the return of bad. Pausing SPX reversed right on the huge 6k resistance. First bigger support at 5800. Note the slightly negative RSI divergence. Source: LSEG Workspace Risk love Global Equity Risk-Love jumps to the neutral zone from the Panic levels witnessed in April. BofA writes: “Washed-out sentiment, followed by marked improvement

The post The Liz Truss market returns appeared first on MacroBusiness.

Join us in this week’s investment podcast as Nucleus Wealth’s Chief Investment Officer, Damien Klassen, and Chief Economist, Leith van Onselen, discuss the Reserve Bank of Australia’s interest rate cut and explore its impact on residential housing and the broader economy. Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos.

The financial destruction of the State of Victoria over the past decade is astonishing. In the Labor government’s first state budget in 2015, Victoria’s net debt was only $22.3 billion. It has since climbed to $155.5 billion and is projected over the budget forward estimates to hit $194 billion by 2028-29. Victorian net debt per

The post A decade of budget negligence appeared first on MacroBusiness.

The federal government recently used its submission to the Fair Work Commission’s (FWC) annual wage review to call for an “economically sustainable” increase in the minimum wage. FWC president Justice Adam Hatcher has asked the Treasury whether wage growth forecasts of 3.1% to 3.25% in 2025-26 would be consistent with inflation staying within the Reserve

The post Lift wages to boost productivity appeared first on MacroBusiness.

I have often argued that the Australian Bureau of Statistics’ (ABS) reported $51 billion of education exports is exaggerated and grossly overstates the benefits of international students to the Australian economy. The ABS calculates this remarkable export figure using “an average spend estimate from Tourism Research Australia … supplemented by the addition of total expenditure

Next up on booth map of the day, I’m looking at two seats that were previously considered safe Labor seats, but were very narrowly retained against independent challengers: Bean in southern Canberra and Fremantle in Western Australia.

For each map I’ve shown the Labor vs Independent 2CP map (but no 2CP swing map), primary vote maps for the independent, Labor and Liberal, and primary vote swing maps for Labor and Liberal.

First, to Bean, where Jessie Price currently trails Labor’s David Smith by 599 votes, achieving 49.7% of the 2CP vote after a primary vote of 26.4%.

RBA Governor Michele Bullock’s media appearance this week was viewed as a victory lap in the fight against inflation. Bullock admitted that the RBA board had considered cutting the official cash rate by 0.5% at its Tuesday meeting, but “it wasn’t the strongest argument in the room”. She also suggested that the RBA was less worried

The post Aussie house prices are tipped to boom! appeared first on MacroBusiness.

Norwegian energy giant gets all clear to resume construction of wind farm off coast of New York, just weeks after the Trump administration issued a stop-work order.

Risk markets in Asia are building positive momentum despite the flat sessions on Wall Street overnight although all eyes are on Japan as their longer dated bond yields spike again while the fiscal situation in the US is deteriorating the Trump regime continues to ram through its wealth redistribution tax bill that will enshrine trillion

The post Macro Afternoon appeared first on MacroBusiness.

Smart Energy Council's Darren Johannesen explains how Australia's solar "waste" stream is actually a massive reclaimed resources opportunity – but the federal government needs to act fast. Plus, news of the week.

The eighth big battery to be built in South Australia, the world's most advanced wind and solar state that is heading towards 100 pct net renewables, has joined the grid.