Blogotariat

In the short term, gas imports into eastern Australia may lower prices. There is such a glut of global gas coming that the price ought to crash. Goldman: Europe’s scars from the 2022 energy crisis have yetto fully heal, as illustrated by its still depressed industrial activity, and its vulnerability to natural gasand electricity price

The post The false allure of gas imports appeared first on MacroBusiness.

The Albanese government has been trying to focus on one thing — the cost-of-living crisis. Labor identifies the cost-of-living as the central concern among voters. However, new polling from RedBridge suggests that Labor is failing miserably to connect with voters on the cost-of-living issue, with only 24% of Australians surveyed stating that they could name

The post Albanese government is out of touch with voters appeared first on MacroBusiness.

The Housing Industry Association (HIA) has blamed restrictive planning for Australia’s falling dwelling construction rate. “House approvals are taking far too long to get through local councils and exacerbating Australia’s worsening housing and rental shortages”, claimed Mike Hermon, HIA Executive Director, Planning & Environment. “Planning systems across the country are buckling under the weight of

The GDP partials released on Tuesday by the Australian Bureau of Statistics (ABS) showed that public sector spending is driving Australia’s economy. Total public demand is expected to contribute 0.4 ppt to the quarterly change in GDP, easily the largest contributor to the expected 0.3% quarterly growth: The lion’s share of public sector activity stems

The post Australia’s public sector booms, private sector busts appeared first on MacroBusiness.

Voters in ten NSW local councils won’t just be electing councillors this month, but will also be voting on questions put on the ballot by their council. In eight councils, they’ll be considering binding referendums that would change the council’s constitution. In two other councils there will be non-binding polls (or plebiscites) on policy issues. There are 14 distinct questions across those ten councils.

As a follow-up to my 2021 blog post, I am going to run through each of these questions.

I was just chatting with Jason, and he mentioned he was off to enjoy a delicious burrito for dinner. By weird coincidence, I’d just finished a delicious burrito for breakfast.

This bad boy from Doc Brown in West End.

SHFE and SGX were both hammered yesterday. The jaws are closed: Dalian is at the cliff: Coking coal is over it: Big miners crashed 5% apiece in New York: Scuttlebutt is informative: China’s manufacturing activity sank to a six-month low in August, an official survey showed, pressuring policymakers to press on with plans to direct

The post Iron ore miners crash appeared first on MacroBusiness.

Editing a book about the media and the war in Ukraine taught me first-hand lessons about censorship. It also confirmed that the Western media’s pro-elite bias is as strong as ever. At an academic conference in Europe in the summer of 2023, I witnessed how several audience members shouted at one of the speakers. That’s not how such meetings are supposed to go. They should be much less eventful.

DXY is up and away! AUD turned to mush: If JPY rises much more, things could get ugly: Oil gapped into madness: Metals melt-up once again turns metals meltdown: Miners crashed: EM is your mumma: Junk gave us a reason to worry: Yields bidly: Stocks not: The trigger for the hard reversal was a weak

The post Australian dollar goes from gold to goo appeared first on MacroBusiness.

On Friday, Statistics Canada released data showing that the nation’s real GDP expanded at an annualised rate of 2.1% in Q2 2024, beating the consensus estimate of a 1.8% increase. The previous quarter’s result was also revised up from 1.7% to 1.8%. On the surface, Canada’s economy is growing at a solid pace. However, pulling

The post Canada and Australia paper over failing economies appeared first on MacroBusiness.

GE Vernova has blamed its latest offshore blade failure on a giant 13 MW wind turbine on a combination of storm winds during the commissioning process.

Asian share markets are fairly directionless as they await the lead from a closed Wall Street that will likely reopen tonight slightly in the red with all eyes on this Friday’s US jobs report. Before that we get the latest ISM manufacturing print whereas today there was a sneak peek in Australian GDP figures, which

The post Macro Afternoon appeared first on MacroBusiness.