Blogotariat

International Reading: Costco workers now officially make $31 an hour—and can expect raises for the next two years – Fortune If you think the current outlook is bad, just wait until the White House can’t find anyone to buy its debt, warns Ray Dalio – Fortune US judge orders Trump administration to reinstate thousands of

The post Weekend Reading and Media Appearances appeared first on MacroBusiness.

Albanese pledges more funds to make the mining and refin

Federal and state energy ministers call on AER to "further interrogate" inputs to its final decision on benchmark electricity prices, after this week's proposed hike.

Coalition refuses to commit to backing the 2026 UN climate summit that Australia's current government wants to host with Pacific Island nations.

New study showed that short-term exposure to wind turbine noise had no impact on cognitive functions, and 93 pct did not find turbine noise intrusive.

It is one of those marvels of the globe economy. Every so often a great and powerful friend does to us what we should have done ourselves long ago. AFR. Australia’s biggest universities have accused the Trump administration of foreign influence and asked the Albanese government to intervene after local researchers who receive US funding

CoreLogic’s latest monthly house price report shows that Melbourne is now the cheapest major capital city housing market with a median price of $772,561 as of 28 February 2025. Melbourne’s relative affordability follows a value gain of only 8.2% over the past five years, versus a 38.9% increase nationally. Melbourne-based real estate agent Adam Welling

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The Q4 2024 national accounts from the Australian Bureau of Statistics (ABS) suggested that households remained in recession. Real per capita household consumption declined for a record eighth consecutive quarter. This followed a record 8% decline in real per capita household disposable income. On Thursday, CBA released its Household Spending Insights (HSI) for February, which

I posted two charts on Thursday showing the monumental task of transitioning Australia off fossil fuels. According to the federal government’s 2024 Australian Energy Update, only 9.4% of Australia’s energy consumption in FY2023 was from renewable sources. The breakdown of energy consumption by fuel source was as follows as of FY2023: Coal: 25.9% Oil: 38.9%

The Market Ear technicals still say buy! Inverse fear correction VIX is getting “sick” of the SPX move lower. Source: Refinitiv VVIX definitely not buying it VIX is muted, but VVIX is even more muted. Volatility markets showing green shoots of hope? Source: Refinitiv 12th of March = low point & turning point That’s it

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DXY is bank. Overcooked EUR in reverse. AUD went down with the ship. Led boots are made for stability. Oil down, gold up. Copper is the new gold. Miners are not. Nor EM. In better news for stock bulls, junk is breaking down. Yields fell too. The US PPI was soft. There’s still no sign

The post Australian dollar dives off stock cliff appeared first on MacroBusiness.

On Wednesday, I posted charts showing the record decline in Australian real per capita household disposable income. Annual real per capita household disposable income fell for a record tenth consecutive quarter, down 8.1% from the Q2 2022 peak. The magnitude of this decline is illustrated in the following chart, which compares the current episode against

The post Charting Australia’s world-record income collapse appeared first on MacroBusiness.

Prosper Australia was proud to join with Per Capita and a host of other organisations across the community sector in presenting the 2025 Community Tax Summit. Held in the richly historic Trades Hall, the Community Tax Summit was a two-day conference that brought together researchers, advocates, people with lived experience, and economists to examine how […]