Blogotariat

A bold, provocative reckoning with our current political delusions and dysfunctions.

Ever since its publication in 1651, Thomas Hobbes's Leviathan has unsettled and challenged how we understand the world. Condemned and vilified by each new generation, his cold political vision continues to see through any number of human political and ethical vanities.

The Albanese government has a penchant for using taxpayer subsidies to deflect away from its policy failures and to shift inflation from the CPI to the tax system. We have seen it with energy bill subsidies to hide inflation in gas and electricity prices brought about by its failure to reserve East Coast export gas

The post Labor milks taxpayers to hide own inflation crisis appeared first on MacroBusiness.

The latest Intergenerational Report projects that Australia’s population will balloon to 40.5 million people by 2062-63, up from around 27 million people currently: The quantity of population will be driven by permanently high net overseas migration, and will see the nation’s population balloon by a combined Sydney, Melbourne, and Brisbane over the coming 39 years:

The post Big Australia collides with water crisis appeared first on MacroBusiness.

Ye auld gas cartel returns for another whinge today: A looming gas shortfall that threatens to curtail industries and derail Australia’s energy transition is the fault of 10 successive government interventions, the Gina Rinehart-backed Senex Energy has declared, and now the country has little time left to fix the mess. Australia faces a looming gas shortage

The post Knock the gas cartel’s block off appeared first on MacroBusiness.

Ark Energy to seek approval for second stage of giant wind project in Hunter Valley, just weeks after first stage approved by IPC.

Overnight saw another consolidation phase for risk markets, with US bond yields rising slightly while the USD pulled back but still held sway over the currency majors. Wall Street stumbled again while European stocks lack confidence. The Australian dollar remains under the pump but is holding on at the 65 cent level again. 10 year

The post Macro Morning appeared first on MacroBusiness.

I stole this from Mattew Keith on the Book of Face, because it greatly amused me. And now it can amuse you.

Goldman reports from on the ground in China. We recently hosted our 1H24 China commodity trip. The feedback suggested very weak activity on the ground as of mid-March, with construction presenting the most negative picture. Incremental improvement from the announced supportive policy measures as of date could be limited based on the discussions. On the

The post Iron ore has its Wylie E. Coyote moment appeared first on MacroBusiness.

Australia’s population Ponzi economy has hit peak stupidity, with BuildSkills Australia estimating that Australia requires an additional 90,000 construction workers to meet the Albanese government’s target of building an average of 60,000 homes per quarter for five consecutive years. Master Builders Australia CEO Denita Wawn has demanded changes to Australia’s migration system to rapidly increase the

An uneasy first trading session for Asian share markets after a volatile week with Friday’s night poor showing on Wall Street and the still high USD continuing to weigh on risk sentiment. The Australian dollar has remained depressed just above the 65 handle. Oil prices are pausing their recent breakout as Brent crude remains well

The post Macro Afternoon appeared first on MacroBusiness.

Alice Springs' complex isolated grid could provide roadmap on how to manage system and regulatory change as well as technology in the transition to renewables.

Less than a year after the Rye Park wind farm began generation from its enormous turbines, the last of 198 blades has arrived at the New South Wales (NSW) site.