Blogotariat

Last night saw the release of the latest EU flash inflation figures which imply some building deflationary pressures while the latest US factory orders blew up to a new low, reinforcing the damage done by the Trump regime’s tariff “plan”. But reality didn’t matter to equity markets as they reacted to speculation around potential trade

The post Macro Morning appeared first on MacroBusiness.

Greens call on the government of Australia's most renewable state to get back to basics on the energy transition, focus on consumers and ditch fossil fuel subsidies.

Financial markets believe that the Reserve Bank of Australia (RBA) will deliver another three 25 bp cuts to the official cash rate (OCR) in 2025, taking the OCR to 3.10% by year end. However, the market ascribed roughly a 70% probability of the RBA cutting the OCR at its next meeting in July. Belinda Allen,

The post RBA readies July rate cut appeared first on MacroBusiness.

Keir Starmer has accidentally given us four years in which to build a new political system. We should seize the chance.

By George Monbiot, published in the Guardian 27th May 2025

This feels terminal. The breaches of trust have been so frequent, so vast and so decisive that the voters Labour has already lost are unlikely to return. In one forum after another, I hear the same sentiments: “I voted for change, not the same or worse.” “I’ve voted Labour all my life, but that’s it for me.” “I feel I’ve been had.”

Tonight I will be appearing on DFA Live with Martin North from 8.00pm AEST, where we will discuss everything to do with the housing market and economy. The YouTube feed is below. I hope to see you there.

The post Join me tonight on DFA Live with Martin North appeared first on MacroBusiness.

Turbine blades delivered to help power an off-grid rare earths mine, while first of four wind turbines is fully commissioned at a remote gold mining site.

If Australia is serious about reducing emissions and tracking towards net zero by 2050, we need to tackle a series of inconvenient truths about fossil fuels.

One of a state's largest power stations is back online for the first time since April after it was forced to shut down following another explosion.

We have a terrible living standards problem owing to our immigration-led, labour market expansion economic model, which devours productivity. On the other hand, we have a technological breakthrough that is all about productivity (in theory, anyway). There are two versions of AI developing – those with global tech businesses who already have a foot in

The post Let AI destroy the Aussie economy appeared first on MacroBusiness.

Victoria wants the federal government to step up on offshore wind, but one CEO wants the country to focus on the winner they've already picked - Gippsland.

This is a good decision. The Fair Work Commission has awarded an increase of 3.5% to up 2.6 million workers on minimum award rates to allow for low-paid workers to catch up on real wage cuts suffered during the pandemic. The increase will lift the national minimum wage from $24.10 an hour, or $915.90 a

The post Real wages get welcome boost appeared first on MacroBusiness.

NSW Premier Chris Minns aims to alleviate Sydney’s housing crisis by expediting the supply of shoebox apartments. Minns last week accused previous governments of being “timid” due to “the NIMBY [Not In My Backyard] backlash” but argued that the conversation had changed to “opening the gates to more urban consolidation and development”. “I think Sydneysiders

The post Minns gaslights Sydneysiders on housing crisis appeared first on MacroBusiness.

Cotality (formerly CoreLogic) has reported a tightening in rental vacancy rates over recent months. This tightening is illustrated below by Justin Fabo from Antipodean Macro. Vacancy rates have tightened across the board and are tracking below 2% across all capital city markets. Despite the lower vacancy rates, Cotality reported a moderation of annual asking rents