Blogotariat

State approves two major new renewable energy generation and storage projects through planning fast-track scheme – both of which were opposed by the respective local councils.

Westpac states the obvious. Soft GDP data for Q1 has again raised questions of whether the RBA is behind the curve and has left policy too tight for too long. As we have been highlighting for some time, underlying growth in Australia remains weak and sensitive to pauses in the expansion in the care economy.

The post Lunatic RBA “too tight for too long” appeared first on MacroBusiness.

This week’s Q1 national accounts release from the Australian Bureau of Statistics (ABS) revealed that real per capita household consumption has been negative for seven consecutive quarters on an annual basis, down 2.4% from its peak. The decline in household consumption came despite a rebound in real per capita household incomes, which jumped by 1.8%

The post Why have Australian households stopped spending? appeared first on MacroBusiness.

I’ve long argued that water is the ‘elephant in the room’ of the immigration debate, something policymakers and pro-Big Australia supporters never acknowledge. A series of reports has warned that Australia faces chronic water shortages and rising water bills as its population grows by millions due to persistently high immigration volumes. For example, a 2021

The post Sydneysiders pay for endless immigration appeared first on MacroBusiness.

DXY is poised to go lower. AUD is counting down to lift off. CNY is a tailwind now. Oil and gold wait. Metals still no bueno. Big miners meh. EM warming to DXY. Junk meh. Yields rebounded. Stocks nervy into the NFP. A couple of previews. Goldman. While the employment component of the ISM services

The post Australian dollar counts down to lift off appeared first on MacroBusiness.

The lifeless ferrous market refuses to die. The mix of growth is not changing. From Goldman: Taking stock of the current state of the economy, we have not seen a meaningful rotation in growth drivers from external to domestic demand. Export volume increased 13% yoy in April despite notably higher US tariffs. Retail sales growth

The post Iron ore bounces along the bottom appeared first on MacroBusiness.

Australians experienced the developed world’s largest decline in real per capita household disposable income, which fell by more than 8% between mid-2022 and mid-2024. Wednesday’s national accounts release from the Australian Bureau of Statistics (ABS) revealed that the income recession is over, with real per capita household disposable income jumping by 1.8% in the year

The post Is the household income shock over? appeared first on MacroBusiness.

Stock markets were quite mixed in the Asian session today without a solid lead from Wall Street as concerns over rare earth metal supply held back Japanese equities while currency markets are awaiting tonight’s ECB meeting. Most of the undollar’s remain in a strong position vs the almost dethroned King Dollar with the Aussie about

The post Macro Afternoon appeared first on MacroBusiness.

Former regulator Ron Ben David explains why no one wants to go near the gas network "death spiral" - and suggests a solution.

A council has dismissed as "undercooked" a shared benefits offer made by Whitehaven Coal's for a solar project next to its huge thermal coal mine.

By Stephen Saunders  Here’s Mr Albanese, pretending to re-fly the Coalition’s east-coast gas reservation, outing his 40-year emissions-rich “surprise” for Woodside NW Shelf gas, while smirking “it’s net zero, not zero”.  At Election 2025, Peter Dutton kicked the own-goal of nuclear-net-zero. Reappointed Albanese Labor climate-Svengali Chris Bowen still spruiks 43% emissions reduction towards net zero.

Carbon tariffs are back on the agenda in Australia, and that's a good thing. It could help mobilise hundreds of billions of new investment.

Envision Energy announced a strategic partnership with SUN Terra, Indonesia’s leading renewable energy company.