Blogotariat

The construction sector has experienced the nation’s highest rate of insolvencies, with 2,795 firms failing this financial year, up 24% on 2024. As illustrated below by Justin Fabo from Antipodean Macro, construction sector insolvencies are tracking at around double the pre-pandemic norm: Mirvac CEO Campbell Hanan warned that the failure of around 7,000 builders and

The post High costs bleed Aussie home builders appeared first on MacroBusiness.

There’s been a lot of discussion in the last few days about the merit of Australia’s electoral system. In response to some conservative attacks on our preferential system, sometimes implicitly or explicitly suggesting a first-past-the-post system would be somehow more legitimate.

Andrew Forrest's Fortescue lays out plans for a 2.1 GW wind project to help eliminate use of gas and diesel at its iron ore mines by the end of the decade.

International Reading: DOGE worker admits the government works fine and was hoping for more easy wins. – Futurism What has Elon Musk’s Doge actually achieved? – FT Mike Johnson Argues Congress Needs Stock Trading to ‘Support Their Families’ Due to ‘Frozen’ Salaries – Latin Times GOP civil war breaks out over Medicaid as right calls

The post Weekend reading and media releases appeared first on MacroBusiness.

AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225        

The post Macro Afternoon: 16 May 2025 appeared first on MacroBusiness.

"My vision is for this to be as easy as p

NSW energy minister Penny Sharpe on the challenges in transitioning Australia's biggest coal grid to renewables in 15 years. Plus: News of the week, and new leaders.

Australia has too many cafes, and many will need to close down. According to IBIS World, over 27,000 cafes and coffee shops operate in Australia. Competition is fierce, with multiple cafes often operating at the same locations. And there isn’t enough consumer demand to sustain them. Australian households are caught in a cost-of-living crisis. Real

The post Australians say ‘no’ to $6 coffees appeared first on MacroBusiness.

Energy policy in Australia has long suffered at the hands of a simple lie being easier to accept than a complex truth.

Queensland environmental lawyer turned federal Senator says the Greens remains dedicated to its core "green" values and is keen to work with Labor to "get shit done."

Exorbitant land costs are the fundamental driver behind Australia’s expensive housing. During 2023-24, the residential land values that underpin the housing market grew by 8.8%, reaching a valuation of $7.7 trillion. Over the 35 years to 2023–24, residential land values skyrocketed from 1.1 to 2.9 times Australia’s GDP. In contrast, aggregate structure values only increased

More pain from The Market Ear. After the China/US trade talks JPM’s great derivatives team dives in: “The China-US trade talks in Geneva have been more positive than anticipated and have resulted in a normalization of the volatility spread between the S&P 500 and European indices. We recommend buying SPX short-dated calls, fully funded by selling

The post The pain trade turns agony appeared first on MacroBusiness.