Blogotariat

The Australian Bureau of Statistics (ABS) on Monday released dwelling approvals data for the month of December, which recorded total approvals of 15,378 in trend terms. As illustrated in the next chart, approvals have rebounded recently, driven by units & apartments. Even so, the 15,378 monthly approvals were 23% below the 20,000 monthly run rate

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In November 2022, I lambasted immigration minister Andrew Giles for headlining a private Victorian Labor Party fundraising dinner organised by controversial Labor figure Jasvinder Sidhu. It was alleged that Indian migration agents paid $1,000 to attend the dinner to “buy” access to Giles and raised concerns with him about visa and migration policy issues. “We

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Past FAA Administrators Endorse Phil Washington, Biden’s Nominee for FAA Administrator

March 8, 2023

Republican attacks on Washington’s experience and qualifications drive former leaders to speak out – “We know what it takes to effectively run the FAA”    

Australia should look at the case of King Trump’s 25% Canada tariff and worry. The excuses for the tariff—drugs and illegal immigrants—are nonsense. President Donald Trump has repeatedly stated that Canada has allowed “millions and millions” of people to illegally enter the United States. However, with regard to Canada at least, U.S. Customs and Border

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A heroes parade is on for those who predicted the gas crisis. Rod Sims leads us off. Former head of the competition regulator Rod Sims says he has been warning the Victorian Labor government about gas shortages for a decade but was ignored, after wild storms left more than 45,000 homes and businesses in the

The post Reserve gas or Australia dies appeared first on MacroBusiness.

Risk markets took their deep breath yesterday morning in reaction to the Trumpian Trade War but overshot as usual, with some mild recoveries overnight including Wall Street. Currency markets flocked to the USD but have recovered at least half of their respective movements with the Mexican turnaround or stay helping ease the volatility, although the

The post Macro Morning appeared first on MacroBusiness.

DXY was back but then not. AUD put in an impressive hammer candle bottom. I’m baffled by the reaction of auld lead boots. Oil down, gold up. Commods mixed. Miners meh. EM lol. Junk whacked. Yields hardly moved. An extinction-level asteroid could hurt stocks. Pretty wild pump and dumps on this. Lol, Mexican troops to

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Donald Trump’s “snatch-and-grab” foreign policy rejects the belief in US primacy and exception that was sliding towards a military confrontation with China.

Some have been surprised by the speed with which President Donald Trump is moving on his agenda. Yet, his chief of staff, Susie Wiles, served notice only days after last November’s election, declaring Trump had two years to revolutionise the government.

As a tsunami of crocodile tears engulfs Western politicians, history is suppressed. More than a generation ago, Afghanistan won its freedom, which the United States, Britain and their “allies” destroyed.

Lessons from Australia teach us that going all-in on fossil fuel exports is a recipe for volatile energy supplies and higher prices. Trump’s "drill baby, drill" will leave Americans vulnerable.

Mind the gap! The new trade war over the weekend, which is set to escalate further as the world pushes back at the Bully-in-Chief sent, well everything risk associated lower with Asian stock markets the first casualties. Currency markets all experienced wide 100-200 pip gaps on the open this morning as the USD soared against

The post Macro Afternoon appeared first on MacroBusiness.

WA awarded more than $20 million to create "Australia's first live DER marketplace," in race to integrate the state's huge rooftop solar resource before the end of the decade.

Deutsche with the note. First, we consider the announcements to be at the most hawkish end of the protectionist spectrum we could have envisaged. The speed of implementation (Tuesday 12:01am EST), the scope (all goods are covered, including small parcel goods previously exempted) and the breadth (approximately 44% of total US imports) are all aggressive. It

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