Blogotariat

One of a number of giant renewable energy projects stranded by the lack of grid capacity has proposed another cut in turbines numbers, and project size.

Federal Labor says offshore wind plans for NSW Hunter region are not sunk, just on ice, after developers call time on the only project in the zone offered a feasibility licence.

The Reserve Bank of New Zealand cut the official cash rate (OCR) by 25bp to 3.0%, a decision widely expected by economists and markets. This meant that the OCR has fallen by 2.5% from its 5.5% peak in mid-2024. The above OCR track published by the Reserve Bank is projected to end the year at

The post Reserve Bank panic set to crater interest rates appeared first on MacroBusiness.

James Campbell from the Daily Telegraph reported on the explosion in bogus asylum seekers under the Albanese government: When Labor came to office, there were roughly 68,000 people who had been told they must leave who were still here. By the end of July, this number had reached 98,979, which without a doubt will be

The post Labor oversees explosion in fake asylum seekers appeared first on MacroBusiness.

I am philosophically opposed to using scarce taxpayer funds to subsidise private car purchases. Battery electric vehicles (BEVs) are heavily subsidised in Australia. Every year, the federal government loses more than $500 million in tax income due to the Fringe Benefits Tax (FBT) exemption for BEVs, a figure that will rise as the number of

The post EV subsidies are middle class welfare appeared first on MacroBusiness.

One of the main purposes of migration is to raise productivity. After all, governments are ostensibly meant to be pursuing a highly targeted process to bring in the best and brightest that the country needs. It’s rather self-evident that welcoming brilliant innovators to the nation who are earning 2.5x or more the average income will

The post Poorly targeted migration tanks productivity appeared first on MacroBusiness.

Insights into the financial performance of solar farms in Australia are rare. What is clear is that the last six months have not been good, due to curtailment and low prices.

The Productivity Commission (PC) was never the same after Gary Banks departed as chair in 2013, after leading the organisation from its inception in 1998. Back then, you could trust the institution to deliver sound advice grounded in evidence. Sadly, the PC has become politicised and lost its way. It is telling that not one

The post Expensive energy will cripple Australia appeared first on MacroBusiness.

DXY is back. AUD has entered freefall. CNY is fine. Gold is confused. Metals are nervous. Big bear intact. EM swoon. Junk hiccupped finally. As yields broke higher. Stocks kept falling. There wasn’t any earthmoving data. All eyes are on Jay Powell. Goldman says he’s going to break. Goldman economist David Mericle expects Powell to

The post Australian dollar enters freefall appeared first on MacroBusiness.

Recall that the federal government has set a fantastical target to construct 1.2 million homes over five years, from 1 July 2024. This target would require a level of construction that has never been achieved before. The highest single 12 months of construction in Australia’s history was achieved in Q1 2017 when 223,600 dwellings were

The post Australian housing supply cannot keep up with demand appeared first on MacroBusiness.

Australia’s $368 billion submarine program is apparently wobbling again, not because US shipyards can’t keep up, or because a future president could cancel the deal with the flick of a pen.

Those are mere details.

The real “problem”, we’re told, is tonal.

Fred Zhang

An Australian battery manufacturing hopeful with giga-scale ambitions for New South Wales coal country has gone into voluntary administration.