Blogotariat

The ferrous complex remains weak despite an overnight convulsion. Led by steel prices is bearish. Bloomberg. Some mills in Tangshan had received notices to restrict sintering machines by 30% from late August to early September, while other plants had been ordered to cut blast furnaces by 40%, according to a survey of 21 mills by

The post Iron ore keeps falling appeared first on MacroBusiness.

Recent data from Jobs & Skills Australia (JSA), published in The Australian, showed that there were an abundance of applicants per job, suggesting that concerns around labour shortages are overblown. At the economy-wide level, there were 29.3 applications per vacancy, 9.4 qualified applicants per vacancy and 4 suitable applicants per vacancy: Separate recruitment difficulty data

Below is a brilliant guest post from MB reader Erin Rolandsen, CEO of Angelassist: The quality of our lives is determined by the quality of the questions we ask. Today’s productivity summit will ask how to clear the backlog of 30,000 environmental approvals holding up construction. The result is embedded into the question—houses must rise,

DXY is refusing to go away. AUD is going away. CNY not. I’m wary of gold here. Metals dead cat. Miners plain dead. EM rolling. Junk doesn’t care. Yields are falling in a growth scare. Stocks could catch that bug. At issue is a Fed that the market has gotten wrong. In their discussion of

The post Australian dollar pushed to brink by Fed growth scare appeared first on MacroBusiness.

Growth! S&P flash PMI. Flash Australia Composite PMI Output Index: 54.9 (Jul: Index, sa, >50 = growth m/m % qr/qr 53.8) Flash Australia Services PMI Business Activity Index: 55.1 (Jul: 54.1) Flash Australia Manufacturing PMI: 52.9 (Jul: 51.3) Flash Australia Manufacturing PMI Output Index: 53.9 (Jul: 52.3) Australia’s business activity growth accelerated midway through the

I have argued from the outset that this week’s productivity summit in Canberra will fail because it won’t address the two most important factors that are wrecking the nation’s productivity: excessive immigration and expensive energy. Australia’s immigration program is simply far too large, poorly targeted, and of low quality to deliver positive outcomes for productivity

Exemplary Energy has published in-depth data sets are available for 225 sites across Australia.

US President Donald Trump has called Benjamin Netanyahu “a war hero” as the Israeli prime minister faces a global backlash over the Gaza humanitarian crisis and the Jewish state’s continued military campaign in the Palestinian enclave.

In an interview with conservative commentator Mark Levin on Tuesday, Trump called Netanyahu “a good man”who he said is “there fighting.” 

RBA interest rates have so far delivered roughly $500 per month in relief to the average mortgage. This is great, but it is not going to move the consumer needle. Why? Two words for you. Gas cartel. The average household pays $3,000 in utility bills, and they are about to rise by about 40%. That’s

The post Why the Aussie consumer is still stuffed appeared first on MacroBusiness.

Asian share markets are mainly down across the board as risk sentiment continues to shift further into negative space as we all await the Jackson Hole conference on Friday with Fed Chair Powell expected to make some comments regarding the actual trajectory of the US economy before he likely gets fired. The RBNZ cut rates

The post Macro Afternoon appeared first on MacroBusiness.

An Ausgrid trial will put solar on unused commercial rooftops and deliver cheaper electricity for locals. CEO Marc England explains why it should be allowed to swim outside its lane.

Ausgrid plan to put solar on unused commercial rooftops and deliver cheaper electricity to local communities will test the rules on network limits. CEO Marc England says it's time for a rethink.

APA says its new Port Hedland solar farm proves it is cyclone proof, but despite a potential $33bn market opportunity, that was about it on renewables. The rest is gas.