Blogotariat

Tindo Solar lands five year deal to export Australian made solar PV modules to Vietnam.

The Israel-Iran war continues to dominate risk markets as the TACO-in-Chief threatens to join in with bunker busters and demands unconditional surrender. The dealmaker in action! The USD remains weak against almost all the undollars while domestic Japanese data is keeping Yen weak after the BOJ taper plan announcement. The Australian dollar is hovering around

The post Macro Afternoon appeared first on MacroBusiness.

The Reserve Bank of New Zealand has slashed the official cash rate by 2.25%, which has lowered mortgage rates by around 2% over the past year. The sharp reduction in interest rates by the Reserve Bank is partly due to the heavy decline in New Zealand home prices. According to Justin Fabo from Antipodean Macro,

The post Housing crash forces Reserve Bank to cut rates appeared first on MacroBusiness.

The chiefs of AGL and EnergyAustralia say consumer energy resources are key to bringing down electricity prices, but only if orchestrated -- by them.

If there is one thing that MAGA hates, it’s neocons. Those fanciful folk who thought they could lead the world to US nirvana at the point of an assault rifle. Pre-emption was their code, and regime change was their method. They tried in Afghanistan and failed. Then Iraq and failed slightly less. MAGA hates them

The post Trump is a military chicken, too appeared first on MacroBusiness.

Some nice new charts from IEEFA on the great gas gouge. It’s China that’s sucking the life out of the East Coast economy. Of course, China sends the gas back elaborately transformed into battleships. But somehow that doesn’t seem like a good exchange. There’s loads of uncontracted gas to deploy the Dutton reservation policy (and

The post It’s China that’s killing East Coast energy appeared first on MacroBusiness.

Queensland and NSW have the most potential to host solar in abandoned coal mines, with Australia's potential hitting 73GW, according to a study.

Treasurer Jim Chalmers has declared war on Australia’s poor productivity growth, which has slumped to developed-world lows. Chalmers has finally cottoned on to the fact that the economy’s stagnant productivity will not deliver higher living standards for ordinary Australians. In a speech to be delivered to the National Press Club in Canberra, The AFR reports

The ~$95 support line gave way yesterday. Goldman has more. Steel: The lingering and hindering steel production cut Orderbooks trend- The forward order books of most steel mills were down MoM in June, in line with seasonality. High-frequency weekly data suggests current steel demand declined by 4.0% yoy for construction steel and down 6.0% yoy

The post Iron ore cracks appeared first on MacroBusiness.

Westpac’s latest consumer sentiment survey suggested that Australians have turned bullish on housing. As illustrated below by AMP chief economist Shane Oliver, house price expectations hit a cyclical high in May. The “time to buy a dwelling” sub-index has also bounced: The rebound in sentiment and house price expectations is understandable given that the Reserve

The post First home buyers are ready to pile in appeared first on MacroBusiness.

Living near a large-scale solar project is not a problem for most residents, with a study finding 82 per cent of neighbours would allow more to be built nearby.

DXY is stirring as Trump turns neocon. AUD slumped on WWIII. Lead boots are rock solid. Oil is still not overly worried. Metals nervy. Big miners are in the bear market of a lifetime. EM stocks puke. Junk OK. The ‘ol safe haven is back. As stocks stumble. The whole damn world is short DXY

The post Australian dollar slumps on WWIII appeared first on MacroBusiness.

Chris Bowen says DMO needs to be changed, as it is failing to stop energy retailers - even government owned ones - from gouging customers on prices.