Blogotariat

The Sunshine State's extraordinary story of accelerating renewables transition, and its benefits for the economy, cost of living, jobs and climate is now at risk.

My bachelor holiday was rudely interrupted by surgery this morning, the excision of the sneaky little melanoma that decided to set up shop on my left cheek.

Quite a bit more cutting and sewing than normal. 81 stitches by the time my dermo was finished. The chicks are gonna dig this scar, let me tell you.

I had all these big plans to come home and crank out some words, because I’m a hard nut. Or maybe just a nut.

But I took a few pain killers and fell asleep instead.

Oh well, maybe tomorrow.

Queensland extends life of Callide coal plant for three years as its cites cost blowouts on the Copperstring transmission line and pumped hydro for a major energy review.

This is not about coal or renewables. It is about gas. The Callide B power station in central Queensland will stay open for up to three years longer than its planned closure date and the life of the state’s other coal-fired generators will also be extended under a major policy shift by the Crisafulli government

The post Energy superidiot pushes QLD back to coal appeared first on MacroBusiness.

For the second month in a row stock markets have tumbled in the first week of the month. As such, last month’s performance is far less meaningful than current conditions. Our pitch to investors is that we want to lean into the cycle. Sell some stocks when they seem overvalued, switch into bonds, then buy

The post Liberation Day fallout appeared first on MacroBusiness.

The Trump administration’s tariffs and the associated stock market rout have had an immediate negative impact on Australian consumer sentiment. Westpac’s Consumer Sentiment Index dropped 6% to 90.1 in April, falling to a six-month low. Sentiment was 10% lower amongst those surveyed following the US tariff announcement. Perversely, consumers were less confident on the prospect

Always too hawkish, Wazza McKibbin is too hawkish again today. Modelling by Australian National University economist Warwick McKibbin and KPMG chief economist Brendan Rynne, released separately on Monday, found Trump’s tariffs would cause the Australian dollar to depreciate, sparking a near-term resurgence in inflationary pressures and putting pressure on household budgets. McKibbin, a former Reserve

The Australian’s Tom Dusevic published a strange report claiming that ‘Big Australia’ is over. “Forgive me for reviving an ancient tool of voter vibe but the worm has turned on Big Australia. The post-pandemic people surge is fading”, Dusevic wrote. “Whoever wins on May 3 will inherit a normal migration inflow, but the pandemic’s long

The post ‘Big Australia’ is far from over appeared first on MacroBusiness.

This timeline is getting crazier as Wall Street initially followed other stock markets in crash mode before rallying on fake tweets about nonsensical tariff pauses while Diaper Don spat his dummy about the Chinese counter tariffs while announcing “negotiations” with other countries were supposedly underway. The Europeans are being more strategic about things alongside the

The post Macro Morning appeared first on MacroBusiness.

German carmaker Audi is halting deliveries of its vehicles to the US due to the new tariffs on automobiles imposed by US President Donald Trump, the newspaper Automobilwoche has reported.

Trump’s 25% levy on car imports took effect last week as part of a series of “reciprocal” measures that have rattled global markets.

What happens when the world’s second-largest economy suddenly pulls the plug on billions of dollars in US energy exports without warning, without negotiation and without a single public signal? You get a global energy market in shock and Washington scrambling for answers.

WIN News analysis

DXY is back and EUR soft. AUD lol. Lead boots are OK. Gold margin call is a measure of market extremity. Oil to the rescue. Copper oh dear. Big mining megabear. EM not so bad. That’s the credit stress we’ve been looking for. But those are not the sovereign yields that the Bessent Plan needs.

The post Australian dollar 50 cents with a bullet? appeared first on MacroBusiness.