Blogotariat

Thousands of mourners have filled the streets of the southern Iranian city of Minab for the funeral of 168 schoolgirls and staff killed in an attack on an elementary school on the opening day of the US-Israeli strikes.

Images from the funeral show row upon row of small, shallow graves – the final resting places of children aged mostly between seven and 12.

Even the missteps of the American Madman can have a positive aspect. China still relies less on foreign energy sources than most large nations, but it has vulnerabilities worth exposing from time to time. This degree of dependence is far lower than that of major European industrial nations like Germany, Italy, and Spain, as well

The post Who’s afraid of the Straits of Hormuz? appeared first on MacroBusiness.

Charts from TME. Like acne. AI bubbles are bursting everywhere. An oil shock is almost uniquely well-placed to smash tech because it causes a spike in duration, which hammers growth stocks on long-term ROE horizons. We already know that the Sag7 are kaput. Do you like your KOSPI served crispy? Who’s next? The cause is,

The post Duck the pus as AI bubbles pop all over appeared first on MacroBusiness.

Australian growth will be okay today, by all accounts. Forecasters have the December quarter coming in at 0.7-1.1% supported, largely, by, you guessed it, Albo’s rampant spending. Despite a significant decline in public infrastructure work (-3.8% qtr), public investment increased 0.9% qtr in Q4. Strength was centred at the federal level, where federal public corporations’

Two weeks ago, I flew to Sydney to record an SBS Insight special examining the immigration debate in Australia. The scissor reel below showcases my three appearances on the episode: SBS did a competent job presenting my arguments with minimal editing. But, as with all such shows, I would have said more if I could.

The post MB headlines SBS Insight immigration special appeared first on MacroBusiness.

Asian LNG prices are rising at 20% per day and hit $22.50 overnight. Locally, gas prices are falling, apparently owing to unusually weak NEM demand. The fuel mix suggests weak demand owing to good weather and even weaker gas usage. This is great timing, but Australia’s worst minister, the Mad King, is already encouraging the

The post Mad King cheers huge gas shock appeared first on MacroBusiness.

DXY is a one-armed bricklayer in Tehran. To the moon! North Asia has buckled. AUD crashed overnight, then recovered about half as local fundies scramble for Sag7 hedges. Oil pumped and dumped, forgetting that the quickest way to end this war is to deliver an energy shock to the Trump TACO. Gold printed a terrifying

The post Australian dollar pounded by missiles appeared first on MacroBusiness.

Mocking a prime minister for wishing Chinese Australians a happy new year says less about foreign policy than about how national identity is being weaponised in domestic politics.

Multiple commanders across all branches of the US military have offered a fundamentalist Christian explanation for the attack on Iran, describing President Donald Trump as the harbinger of the Second Coming and the conflict itself as a “signal fire”for Armageddon, the Military Religious Freedom Foundation (MRFF) has reported.

Donald Trump and his national security team continue to push the narrative that the US is dominating Iran and that it is only a matter of time before Iran crumbles in the face of the might of the US military. Iran, apparently, has not received that memo and is pursuing its own course of action. We are now entering the fourth day of this unprovoked attack by Israel and the US and Iran shows no sign of weakening.

Another big battery proposal heads to Queensland planning purgatory following requests to call in the project from local council and community.

The post Queensland LNP adds four-hour Bundaberg big battery to proposed call-in list appeared first on Renew Economy.

Within hours of the US launching ‘Operation Epic Fury’ against Iran, Tehran’s forces unleashed retaliatory strikes against American military bases in the Middle East, killing four US troops and destroying billions of dollars’ worth of equipment.

Reducing oil dependence and boosting renewables and electric transport is often framed as climate policy. But it is also vital to energy security and national security.

The post Strikes on Iran show why quitting fossil fuels is more important than ever appeared first on Renew Economy.