Blogotariat

The Australian Bureau of Statistics (ABS) has released the monthly CPI indicator for August, which recorded a jump in headline inflation to 3.0%—the highest result since July 2024. In better news, the policy-relevant trimmed mean inflation moderated to 2.6% in August, down from 2.7% in July. The main driver of the rise in headline CPI

The post Australia inflation shocked higher by electricity prices appeared first on MacroBusiness.

Because of my particular palaeontological expertise, in 1999, I was asked to be involved in a project with the Northern Territory Geological Survey (NTGS). They were about to begin remapping several 1:250,000 geological map sheets in the Northern Territory portion of the enormous Georgina Basin. My part of the project was mostly providing biostratigraphic expertise, which means providing a detailed assessment of the age range of the rock units the mappers were likely to encounter, by looking at the fossils in them. To this end, we sampled about 18 drill cores which had been taken from assorted parts of the basin1.

The ferrous complex plods on. Caught between the approach of Simandou, Capanema, Gara Gjeblet on one hand and the shutdown of Chinese green steel on the other. The balance is unusually solid blast furnace output for the season. Honestly, if you had shown me that chart in 2019, I would have told you iron ore

The post Iron ore $20? appeared first on MacroBusiness.

AEMO says Australia is shifting to a new operating paradigm as it gets to the halfway mark of its 2030 targets.

Victoria set a new battery charging record this week - becoming the first state to reach 1 GW when it soaked up nearly half of the state's rooftop solar output.

With the implementation of the Albanese government’s 5% deposit scheme for first home buyers just over a week away, social media is filled with promotional material from the Albanese government crowing about how their achievement will help prospective home buyers. It’s certainly true that some first home buyers will benefit because they will be able

The post Labor ignites house price bonfire appeared first on MacroBusiness.

From the Market Ear: Tech spending Without tech spending the US economy would be close/in a recession. DB points out: 1. Good news: The AI super-cycle — with NVIDIA effectively carrying the US economy — is offsetting demand (tariffs) and supply (immigration) shocks. 1. Bad news: The cycle can’t last without parabolic capex. With hyperscaler

The post Tech bubble vibes ripple across markets appeared first on MacroBusiness.

The Productivity Commission (PC) released its quarterly Bulletin, which explored the structural decline in Australia’s ‘capital deepening’, which has contributed significantly to the nation’s productivity malaise. “Labour productivity tends to increase when workers have more or better capital (such as computers and buildings) to work with, which is known as ‘capital deepening’”, PC Deputy Chair

BHP signs another massive and landmark deal to source "baseload renewables" from wind and battery storage to power its huge copper mines and smelters.

Trump’s record suggests that meetings with him frequently fail. Instead, Albanese has an important agenda to pursue at the UN in New York, and when dealing with the US better outcomes are more likely if Australia develops its own policies in its own interests.

Michael Keating

How important is an Albanese-Trump meeting?

The mainstream media, with a few exceptions, is a single-issue lobby group, whose purpose is to assert the rights of capital.

By George Monbiot, published in the Guardian  20th September 2025

Queensland to invest $48 million on its only pumped hydro project as it looks at options for new projects.

New Australian gold mine aims for at least 80 pct renewable power over year and has already run the site for 84 hours with the "engine off".