Blogotariat

I explained last week why Australia’s energy costs will inevitably soar as the nation replaces traditional baseload generation with renewables in pursuit of Labor’s 82% renewable energy target. The reasons for the high cost of renewable energy are straightforward. They depend on the weather; therefore, they are intermittent and have low load factors. Renewables need

Engineers at Monash University believe they have developed a water-based energy storage technology that will bring flow batteries into homes around Australia.

Although the macro newsflow was relatively light on overnight it was all about the bond and currency markets as the latest Canadian inflation numbers following yesterday’s cut by the RBA led to further introspection on the trajectory of the ECB, which has led to the USD being pushed back across the board. US sovereign debt

The post Macro Morning appeared first on MacroBusiness.

The media release accompanying the Reserve Bank of Australia’s (RBA) 0.25% cut to the official cash rate (OCR) on Tuesday was a fairly vanilla affair that took a neutral stance. The release noted that risks to inflation have become “more balanced”, that policy is now “somewhat less restrictive”. The RBA also remained “cautious about the

The post Markets dial up rate cut forecasts appeared first on MacroBusiness.

Australia's most powerful battery, to act as a giant shock absorber, is now expected to be completed by the end of year after slow progress through commissioning.

Australian Industry Group’s analysis of data from the Productivity Commission underlines the downturn in the nation’s housing sector. The Ai Group’s report shows that while labour productivity across the economy has increased by 24% over the last decade, this metric has fallen by 14% in relation to overall housing construction over the same period, and

The post Why Australia sucks at building homes appeared first on MacroBusiness.

Risk markets in Asia are somewhat mixed in reaction to the flat sessions on Wall Street overnight with the Friday night cut by ratings agency Moody on US debt still reveberating, particularly within bond markets. The Trump regime is still failing to make deals with Japan which is seeing further strength in Yen while today’s

The post Macro Afternoon appeared first on MacroBusiness.

The scale of Australia's fossil fuel subsidies underscores the enormous policy contradiction of a country yet to fully confront the dimensions of its domestic fo

The AEC has now commenced the distribution of preferences for the seat of Calwell. Normally the AEC does not publish distribution of preference data until the count has concluded, but in recognition of the great deal of public interest the AEC has published a page where they will post the latest DoP data after each round of the count.

As widely expected by financial markets and economists, the Reserve Bank of Australia (RBA) lowered the official cash rate (OCR) by 0.25% to 3.85%. In coming to its decision, the statement noted that “inflation continues to moderate”, with “annual trimmed mean inflation (2.9%) was below 3% for the first time since 2021 and headline inflation

The post RBA cuts by 0.25%. Remains coy on forward guidance. appeared first on MacroBusiness.

Snowy 2.0 workers to strike, demanding higher pay to make up for poor conditions and food at the delayed and over budget project.

Australian households installed a record-setting number of home batteries in 2024, as the market gears up for a boom driven by the July introduction of the federal rebate.