Blogotariat

With the release of the latest national accounts data showing that household consumption had grown by 0.9% in inflation-adjusted terms and the ABS Household Spending Indicator showing spending up by 0.5% MoM in July and up 5.1% YoY, some are questioning whether rate cuts are working. Before we get into the numbers detailing how rate

The post Are rate cuts working? appeared first on MacroBusiness.

Luke Yeaman, Chief Economist at CBA, penned a report on the Australian federal budget, which “is projected to return to deficit over the next decade”. While “tax receipts are strong”, Yeaman notes that “structural spending has lifted to levels rarely seen in Australia outside of major economic shocks”. While spending pressures are evident across most

The post NDIS cripples federal budget appeared first on MacroBusiness.

The climate change pantomime has taken an interesting new twist, with low-lying Pacific Nations lambasting Australia over its approval of Woodside’s North West Shelf gas project extension. Anote Tong, who led the small Pacific nation of Kiribati between 2003 and 2016 accused Labor of putting economic interest before the security of important allies in the

The post Why won’t Pacific nations lambast China on climate? appeared first on MacroBusiness.

Teal independents continue to run interference for Big Australia mass immigration. In 2022, Zali Steggal, a Teal member from Warringah (which includes Sydney’s rich northern beaches), supported a large increase in immigration to combat labour shortages. In 2024, Steggal called for a 75% 2030 emissions reduction target for Australia, ignoring the fact that aggressively growing

Bloomberg loves a party line. Australian unemployment held steady last month even as the economy shed jobs with fewer people looking for work, signaling the labor market remains tight and reinforcing the Reserve Bank’s cautious approach to policy easing. There is nothing tight about the Aussie labour market. Frankly, at 4.2% unemployment, it is intrinsically

The post Indian Albo’s labour market loose as a goose appeared first on MacroBusiness.

For a long time, Middle America has found itself struggling at an aggregate level. While there have been some on-paper standouts when breaking down household outcome growth by geographical location, that has been balanced out by other locales seeing significantly weaker growth than the average. Today, the median American full-time male worker earns as much

The post Trump’s America loses hope appeared first on MacroBusiness.

From the Market Ear: Here we go Russell takes out massive resistance area. As we have been outlining over the past weeks, play possible upside break outs via cheap options plays. Relative king IWM/SPY ratio printing new recent highs… Upside panic Most shorted extending the break out move. This space is up some 12% since

The post Upside Panic – Market rips, shorts slayed, after Fed rate cut appeared first on MacroBusiness.

Major studies into the cumulative impacts of three NSW renewable energy zones are due to be unveiled in the coming months.

Decoupling India from Russia will be a challenge for the European Union (EU) even as it seeks to build an economic partnership with the South Asian country, High Representative for Foreign Affairs Kaja Kallas said on Wednesday.

Ties with Moscow key stumbling block for EU-India trade deal – KallasBrussels has no “illusions” about luring New Delhi away from Moscow, the vice president of the European Commission has said

The Australian Bureau of Statistics (ABS) released the official population and immigration data for the March quarter of 2025. The ABS showed that Australia’s population grew by 144,300 in Q1 2025, which was down from 156,800 in Q1 2024. However, the Q1 2025 increase was still stronger than any quarter of population increase in Australia’s

The post Is Australian immigration really falling? appeared first on MacroBusiness.

A major solar b battery hybrid project was approved in just 2.5 months, but this time with an explicit nod to NSW community benefit guidelines.

The electricity futures market shows no evidence traders expect Eraring to close in two or four years time, and only weak evidence that Yallourn will close.