Blogotariat

DXY held on last night. AUD the reverse. Still trending higher. Lead boots going nowhere. OIl and gold sank. Metals no byueno. Junk worried. Yild relief. Yield relief. Could not save stocks. It’s a day-by-day proposition right now, but I think TS Lombrd probably has the trend right. America is not about to lose its

The post Australian dollar to surpass 70 cents appeared first on MacroBusiness.

Risk markets were relatively sanguine overnight as the Trump regime’s new “Tax” Deal (aka blowing out the deficit forever) passed while the latest flash PMIs suggested a slight uptick in confidence in the US despite the tariff chaos in the last month. Wall Street was up at one stage but managed to give back almost

The post Macro Morning appeared first on MacroBusiness.

In June 2024, AMP chief economist Shane Oliver presented the following chart estimating that Australia’s housing shortage was about to exceed 200,000 homes: Oliver explained via Twitter (X) that “underlying demographic demand (driven by strong population growth) continues to run well ahead of new housing supply (constrained by capacity and cost issues, etc.), and is

On-site consumption of PV output is invisible to the meter, and shows up as a reduction in electricity consumption.
Does this matter? Yes, it does.

Electric homes are far more efficient than those that rely on fossil gas, and cleaner and healthier too. But they will require storage to avoid surges in peak demand.

The Market on the return of bad. Pausing SPX reversed right on the huge 6k resistance. First bigger support at 5800. Note the slightly negative RSI divergence. Source: LSEG Workspace Risk love Global Equity Risk-Love jumps to the neutral zone from the Panic levels witnessed in April. BofA writes: “Washed-out sentiment, followed by marked improvement

The post The Liz Truss market returns appeared first on MacroBusiness.

Join us in this week’s investment podcast as Nucleus Wealth’s Chief Investment Officer, Damien Klassen, and Chief Economist, Leith van Onselen, discuss the Reserve Bank of Australia’s interest rate cut and explore its impact on residential housing and the broader economy. Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos.

The financial destruction of the State of Victoria over the past decade is astonishing. In the Labor government’s first state budget in 2015, Victoria’s net debt was only $22.3 billion. It has since climbed to $155.5 billion and is projected over the budget forward estimates to hit $194 billion by 2028-29. Victorian net debt per

The post A decade of budget negligence appeared first on MacroBusiness.

The federal government recently used its submission to the Fair Work Commission’s (FWC) annual wage review to call for an “economically sustainable” increase in the minimum wage. FWC president Justice Adam Hatcher has asked the Treasury whether wage growth forecasts of 3.1% to 3.25% in 2025-26 would be consistent with inflation staying within the Reserve

The post Lift wages to boost productivity appeared first on MacroBusiness.

I have often argued that the Australian Bureau of Statistics’ (ABS) reported $51 billion of education exports is exaggerated and grossly overstates the benefits of international students to the Australian economy. The ABS calculates this remarkable export figure using “an average spend estimate from Tourism Research Australia … supplemented by the addition of total expenditure

Next up on booth map of the day, I’m looking at two seats that were previously considered safe Labor seats, but were very narrowly retained against independent challengers: Bean in southern Canberra and Fremantle in Western Australia.

For each map I’ve shown the Labor vs Independent 2CP map (but no 2CP swing map), primary vote maps for the independent, Labor and Liberal, and primary vote swing maps for Labor and Liberal.

First, to Bean, where Jessie Price currently trails Labor’s David Smith by 599 votes, achieving 49.7% of the 2CP vote after a primary vote of 26.4%.