Blogotariat

The managed decline of the Chinese economy continues as the property sector is hollowed out. Last year’s yawnulus didn’t touch the sides of the bottomless black hole. Coal consumption growth has completely stalled. Trade appears to be booming. But only if China is shipping more smaller and lighter items. The economy has been pancaked for

The post Chinese golden Titanic sinks on appeared first on MacroBusiness.

Almost every infrastructure expert opposed the Victorian government’s Suburban Rail Loop (SRL) because the price tag was excessive, the project lacked a business case, it failed any objective cost-benefit analysis, and it would have insufficient user demand. For example, a cost-benefit analysis by Victoria’s Parliamentary Budget Office (PBO) found that the SRL East and North

New report outlines staggering costs of pre-paid electricity plans. If this happened in Sydney, it would be a scandal. In First Nations communities, it’s policy.

DXY is up and away! Euro toast. AUD is stuck on the treadmill from hell. CNY down. Gold still looks shaky to me as DXY firms. AI metals find a headwind. Big miners, big shooting star. EM toppy. Jun rejection! Yield back-up continues but is not a trend break yet. Stocks trying/ The Market Ear

The post Australian dollar flogged with Euro appeared first on MacroBusiness.

The East Coast gas cartel is destroying your living standards by injecting ceaseless cost-push inflation into the headwaters of the supply chain for every business in the country east of WA. It is the core of household’s cost-of-living crisis as well, adding about 6% to the CPI year on year since 2021. By itself, not

The post Albo’s great gas cartel control fraud appeared first on MacroBusiness.

Friday night saw Wall Street rally after falling for several sessions, but again it was tech stock earnings due to the AI bubble keeping everything afloat. The USD is still reasserting its recent strength against all the majors although gold is trying to make a comeback with Euro and Pound Sterling falling sharply while the

The post Macro Morning appeared first on MacroBusiness.

The Albanese government’s 5% deposit scheme for first home buyers, effective from 1 October, appears to have significantly boosted home prices. Cotality’s house price results for October reported the strongest increase in values since June 2023, up 1.1% over the month and 2.9% over the quarter at the combined capital city level. Over the past

The post Australia’s housing crisis takes nasty turn appeared first on MacroBusiness.

Victoria fast-tracks approval for another two major projects, including a large solar battery hybrid, and new battery project in the Latrobe Valley.

By Lucinda Jerogin, Associate Economist at CBA: The September quarter headline CPI materially surprised to the upside, jumping 1.3%/qtr to be 3.2% higher annually. The policy-relevant trimmed mean measure accelerated to 1.0%/qtr and 3.0%/yr. Offshore this week the FOMC and BoC cut rates by 25bp, as was widely expected. However, a more hawkish tone curtailed

The post The economic week ahead appeared first on MacroBusiness.

International Reading: Chipotle CEO sounds alarm on the American economy – Yahoo USDA Quietly Deletes Its Contingency Plan for Funding SNAP – Notus Binance helped Trump crypto company make billions – Independent Not a good sign: Hershey Warns of Soft Halloween Candy Sales – Bloomberg Trump Ballroom Fiasco Takes Worse Turn as Economic Data Gets

The post Weekend reading and MB media appearances appeared first on MacroBusiness.

Liberal Party holds hours-long talks on climate and energy, with nuclear still top of mind and no firm commitment to net zero.

Amber's Chris Thompson talks home batteries and V2G at All Energy, while RE-Alliance's Andrew Bray and Uralla Council's Emily Sims discuss social licence in New England. And the news of the week, including EPBC and Tomago.