Blogotariat

The Grattan Institute was at it again this week, claiming that Australia could magically solve its housing shortage if governments only permitted three-storey buildings to be allowed on any residential block in any suburb. “The key problem is that state and territory land-use planning systems say ‘no’ to new housing by default, and ‘yes’ only

The post YIMBYs deliver fake property boom appeared first on MacroBusiness.

The ferrous jaws must close. CIAS output for the last ten days of October crashed 9.8% with steel profitability. CISA steel inventories fell even faster, down 11.8% to 14.63mt. Yet steel could still not get a bid. The MacroMicro series, the source of which is not disclosed, rose in the past week. MySteel data for

The post Iron ore at the cliff’s edge appeared first on MacroBusiness.

The Australian right is tearing itself apart over net zero. This is so foolish, and the answer is so simple. In fact, the party took the policy to the last election. The only reason this fight is still happening is that the energy transition is failing on affordability. This is giving climate and energy sceptics

The post Gas cartel delivers Labor permanent power appeared first on MacroBusiness.

Overnight saw the fear around the AI bubble rise again as Wall Street cratered, but also some reality crept in as private job data indicated more job cuts than growth in the US economy as the bite from the government shutdown continues to be felt. Meanwhile the Bank of England held fire in its latest

The post Macro Morning appeared first on MacroBusiness.

Today's summit of world leaders has made one thing clear - there is a lot of frustration and concern about the direction climate change is heading.

Col Doug Macgregor predicts political turnover in Western governments (London first) and expects Emmanuel Macron to be removed from power — arguing new leaders will be less hostile to Russia and more interested in restoring trade.

They portray Putin as having outlasted his committed opponents; Russian strategy is to wait until Western political will weakens.

One month ago, I argued that the Australian Treasury’s modelling of Labor’s 5% deposit scheme for first home buyers was proof that Treasury had become a propaganda arm of the federal government. Under Labor’s First Home Guarantee scheme, which came into effect at the beginning of October, virtually all first home buyers can purchase a

The post RBA skewers Treasury housing propaganda appeared first on MacroBusiness.

Chris Minns’ police unleashed pepper spray on hundreds of peace protestors yesterday. Today the Premier is the drawcard for an Israel business lobby lunch with ties to the genocide in Gaza. Wendy Bacon reports. 

The New Zealand economy continues to push through its housing bust and economic downturn. Yesterday, unemployment came in at 5.3% for the September quarter. The participation rate continues to fall to 70.3% as jobs become more scarce, holding down the headline unemployment rate. As illustrated below by Justin Fabo from Antipodean Macro, the underutilisation rate

The search for a network operator to build and operate the grid to support the New England Renewable Energy Zone has been narrowed down to three contenders.

Queensland LNP has "significantly underestimated" huge costs of delaying coal plant closures while still shooting for net zero, industry and union groups warn.

The Market Ear on a market trying to find sanity. Muted fear The sell-off has stretched across several sessions, yet volatilities have remained orderly, a stark contrast to October’s sharp spike. The VIX reaction so far is muted, a “fearless” unwind where complacency lingers and volatility still refuses to show up. With little fear The

The post Stocks try to find sanity appeared first on MacroBusiness.