Blogotariat

A thermal fleet the size of Australia's entire coal generation fleet has been offline in Texas. Time for solar, wind and batteries to step forward.

Earlier last month, I learned that a friend’s home one kilometre away had been the target of an attempted home invasion. The burglars hopped over a neighbour’s side fence and tried to force their way into the house via the back door. Fortunately, my friend awoke, made a ruckus, and the burglars fled. The following

The post Melbourne overrun with gangs and crime appeared first on MacroBusiness.

With everything going on in the world, it says something about me that this was the story (free link) that most engorged my rage gland today.

Decent output levels are keeping iron ore supported for now. There’s nothing good happening property. Compared to December, China’s on-budget fiscal revenue and off-budget land sales revenue both weakened meaningfully in January-February, more significant than the deceleration in government spending growth. Our proprietary “augmented fiscal deficit” (AFD) metric widened slightly in February vs. December on

CBA’s excellent economics team has provided a comprehensive analysis of the federal budget. Below are key extracts broken down by theme. Overview: In the near term, the key economic and fiscal aggregates in the 2025-26 Budget are largely unchanged from the last official update in December, and broadly in line with our own forecasts. The

The post The ultimate federal budget breakdown appeared first on MacroBusiness.

DXY faded a little AUD lifted a little. Lead boots are at a standstill. Gold pausing. Trump lunacy has overtaken oil as he smashes Venezuela and Iran while promising cheaper petrol. Copper is insane. This is bad for everybody except Goldman Sachs. Big miners sag on. EM yawn. Junk yawn. Yields eased. Stocks firmed. I

The post Australian dollar tortured by the orange madman appeared first on MacroBusiness.

In Tehran, Iranians are anxiously wondering whether, once their economy is exhausted and they can no longer defend themselves, the Israelis and the United States will bomb them. Under these circumstances, should they or should they not negotiate with the enigmatic President Donald Trump?

After Ukraine, Iran?by Thierry Meyssan

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A bit of Fedspeak overnight was overshadowed by the Clown Show in the White House overnight as markets remain somewhat hesitant as the April 2 deadline for Trump’s Tariff Tirade beckons. European shares were able to rebound firmly while Wall Street gave up some late gains to finish slightly higher. The USD pulled back ever

The post Macro Morning appeared first on MacroBusiness.

The Albanese government’s first budget, released in October 2022, forecasts net overseas migration of 470,000 over its first two financial years (2022-23 and 2023-24). They delivered more than double this number, with 1,060,000 net migrants arriving over nine quarters to Q3 2024. The May 2024 federal budget forecast net overseas migration of 260,000 for this

The post Population forecasts exacerbate housing crisis appeared first on MacroBusiness.

Humans, AI and robots will compete for the same energy resources and now is the time to rethink energy allocation itself. We need a tiered system to protect the humans.

Roy Morgan Research has released polling, taken before Tuesday’s federal budget, showing that Labor (53%) has gained a strong lead over the Coalition (47%) on a two-party preferred basis. “If a Federal Election were held now, the ALP would be returned to Government with an increased majority with the ALP”, Roy Morgan reported. Roy Morgan’s

The post Betting markets abandon Peter Dutton appeared first on MacroBusiness.

Labor handed down the ultimate pre-election pork-barreling budget, promising workers two more rounds of tax cuts and increasing expenditure in what will be the largest budget deficit since the pandemic. Major announcements included: a $17.1 billion package of income tax cuts (over five years); an $8.4 billion boost to Medicare; a $1.8 billion extension of

The post Labor’s budget rolls out the pre-election pork appeared first on MacroBusiness.