Blogotariat

This week’s CPI data from the Australian Bureau of Statistics (ABS) confirmed that the post-pandemic inflation surge is firmly in the rearview mirror. Australia’s policy-relevant underlying inflation fell to 2.9% in Q1 2025, to be tracked within the Reserve Bank of Australia’s (RBA) target range of 2% to 3%. The pace of disinflation was also

The post The post-pandemic inflation surge is over appeared first on MacroBusiness.

Australian head of Spanish renewables giant says western NSW and Queensland could host wind projects at an "offshore scale," but for a much lower "onshore price."

South Australia scraps its Hydrogen Power office after cancelling its proposed green hydrogen power plant and redirecting funds for the rescue of the Whyalla steelworks.

Saul Kavonic, head of energy research at MST Marquee, is about as as conflicted as any analyst in Australian commentary. The teals and Greens are sheltered from the realities of our regions and industries that drive our economy. Under a minority government, their ideologically-driven energy agenda risks taking us further away from engineering realities. They

The post Greens energy policy can save Australia appeared first on MacroBusiness.

I’m in Sydney today and over the weekend. I’m supposed to be staying at the Novotel, but there are about 87 Novotels in Sydney, including a City Centre Novotel and a Central Sydney Novotel (which is actually in Haymarket).

Currently sliding between alternate Novotel’s, and feeling as though I am in danger of losing contact with my alpha site universe.

Proponents of mass immigration claim that it improves living standards by increasing productivity and ameliorating the aging of the population. For example, modelling by McDonald and Temple in 2010 claimed that an annual migration intake between 160,000 and 220,000 is best for Australia and would increase GDP per capita by 12% more in 2053 versus

The post Does immigration improve living standards? appeared first on MacroBusiness.

CoreLogic’s snapshot of housing affordability across Australia showed that the percentage of gross annual household income required to service the median rent hit a record high of 32.9% at the end of December 2024: In a similar vein, PropTrack’s latest rental affordability report showed that Australian households at the end of 2024 could afford to rent

The post One chart sums up Australia’s rental crisis appeared first on MacroBusiness.

DXY is looking for a short squeeze. AUD is holding so far. Lead boots are Ok. Oil is a favour to all. Metals say no to growth. Big miners = big bear. EM yawn. Junk says no to growth. Warning! The curve flattened. Stocks partying on VIX compression. Which is driving the DXY bid. Oversold!

The post Australian dollar jaws tear investors apart appeared first on MacroBusiness.

The Trump regime continues to goose the stock market with non-existent reports of trade deals with “hundreds of countries” while the economic reality continues to set in as the latest initial jobless claims spiked while the ISM manufacturing survey went into contraction territory. Trump may need to up his Macca’s order as well as the

The post Macro Morning appeared first on MacroBusiness.

Trump and Musk have likely done Labor a favour, and caused the Dutton vote to implode. A minority government with Teals and Greens would be preferable.

The total value of Australia’s housing stock was $11.3 trillion as of March 31, 2025, according to CoreLogic, with the average home worth exactly $1 million. The surge in average home values to $1 million has notionally made Australians some of the wealthiest people on earth. For example, the UBS Global Wealth Report ranked Australian

The post Australia’s housing bubble impoverishes nation appeared first on MacroBusiness.

Risk markets are still running on hopium as US officials admit there’s no talking going on whatsoever with China (who are having a week long holiday anyway – call back later Donny!) while the Bank of Japan held fire in today’s meeting which sent Yen selling off and stocks lifting higher. The latest trade data

The post Macro Afternoon appeared first on MacroBusiness.

AEMO says there is "no going back" to a baseload and peaking power system, but for the moment prefers spinning machines over battery inverters for system security.