Blogotariat

Treasurer Jim Chalmers has not ruled out extending the federal government’s $6.8 billion energy rebates again. It was originally meant to expire in mid-2025, but has been extended for another six months. “From budget to budget, we see if we can do more”, Chalmers has said. Some members of Prime Minister Anthony Albanese’s Economic ­Inclusion

The post Australia faces energy inflation shock appeared first on MacroBusiness.

Steel sagged while iron ore firmed. April output for steel fell back to earth. But it is still largely EAF that is pancaked, protecting iron ore. The property bust absorbs more long steel which was EAF focused. China is never going decarbonise steel at this rate.

The post Property crash saves iron ore appeared first on MacroBusiness.

Australia faces an extended period of Labor Party rule following the collapse of the federal Coalition. National’s leader David Littleproud today announced that the party has separated from the Liberal Party for the upcoming federal election. Littleproud said that he and incoming Liberal leader Sussan Ley tried unsuccessfully to reach an agreement: “This morning after

The post The Coalition collapses appeared first on MacroBusiness.

First it was China, now it is Japan. IEEFA. As both Eastern and Western Australia face gas shortfalls, Japan is onselling vast volumes of Australian LNG at a handsome profit. In-depth analysis of LNG shipment and contract data shows Japanese companies are lucratively onselling about half as much as they import from Australia. Last year

The post Japan rorts Aussie gas to death appeared first on MacroBusiness.

The Q4 national accounts, released in March, revealed that Australians finally emerged from their two-year recession after recording positive per capita GDP growth of 0.1%. The latest OECD Economic Outlook interim report predicts only 1.9% aggregate GDP growth in 2025 and 1.8% growth in 2026, suggesting that Australia will remain in the slow lane. As

The post Australia’s economy is stuck in the emergency lane appeared first on MacroBusiness.

For today I’ve got two maps, covering five seats in mid-suburban Sydney. While these seats are adjacent to each other, I’m keeping them as separate maps because the dynamics in these seats are different. The first map shows Bennelong, Parramatta and Reid. The second map shows the “Muslim seats” of Blaxland and Watson.

First, heading to Bennelong, Parramatta and Reid, these seats showed enormous and consistent swings on the two-party-preferred vote from Liberal to Labor, with almost every booth in the three seats swinging to Labor.

Uncertainty seems to be returning to risk markets if you look beyond the headline stock indices with the Moody rating cut still reverberating amid geopolitical concerns over Russia, Gaza and the impending hurt from the Trump tariffs. US sovereign debt concerns were on the mind of more than one overnight Fed speaker and while the

The post Macro Morning appeared first on MacroBusiness.

Melbourne’s housing market has experienced the lowest value growth since the beginning of the pandemic. Between March 2020 and April 2025, Melbourne dwelling values grew by 16.2%, versus 43.3% growth across the combined capital cities. As a result, Melbourne’s median dwelling value ($781,000) is the second cheapest out of the five major capital cities, just

The post Buyers line up for Melbourne property appeared first on MacroBusiness.

Andrew Forrest's plans for Australia's biggest wind project includes a radical new turbine design that may reduce costs, and cut concrete emissions.

Risk markets in Asia are reacting with some trepidation after the Friday night cut by ratings agency Moody on US debt, with all stocks in the red with US Treasury futures also falling. This is all about the burgeoning fiscal deficit problem in the US Congress which is trying again to vote on the Trump

The post Macro Afternoon appeared first on MacroBusiness.

A 90 megawatt solar farm and four-hour big battery proposed for construction on cattle grazing land in NSW has won state development approval.

Got this story from Jason, who got it from Vice. I think this is what happens when you watch too many boxing roo videos on YouTube:

52-year-old Eric Slate died after he fought a kangaroo at a children’s petting zoo in Horry County, South Carolina.

According to officials, Slate died from “multiple blunt force injuries” after entering an enclosure at 5 Star Farms. Slate is the brother of the zoo’s owner, Robert Slate. Eric regularly entered the kangaroo’s enclosure so he could “roughhouse” with a kangaroo named Jack.