Blogotariat

I spend a lot of time asking one simple question: Can earnings keep doing the heavy lifting? Valuations are stretched at the top end of the market, and the AI investment cycle is still in full flight. Yet, for all the worry, the income statement remains surprisingly resilient. So far, the reporting season has two

The post 3Q Reporting season in full swing appeared first on MacroBusiness.

Australia’s official unemployment rate was 4.5% in September, the highest reading since November 2021 and significantly above the Reserve Bank’s forecast contained in its August Statement of Monetary Policy. I have argued repeatedly that Australia’s labour market has been artificially propped up by the unprecedented boom in non-market sector jobs, funded by the taxpayer. Australia’s

The ferrous jaws must shut. And we have the perfect monster to do it. And it’s a moment that has the iron ore market holding its collective breath. The size and richness of the deposit means the start up at Simandou threatens to further tilt the power dynamics in a market already facing an uncertain demand future,

The post Pilbara killer closes jaws on iron ore appeared first on MacroBusiness.

Last month, Build Skills Australia released a report warning that there are not enough tradespeople to meet Labor’s target of building 240,000 homes per year, which was tracking 65,970 (27%) behind in 2024-25. According to Build Skills Australia, the building rate per new resident has plummeted, despite the fact that the number of homes built

The post Australia has a severe tradie shortage appeared first on MacroBusiness.

CIA Director John Ratcliffe met with EU officials last week in an attempt to rebuild strained relations with US intelligence agencies, Politico reported, citing three people familiar with the matter.

With the release of the latest ABS household spending data, it was revealed that in inflation-adjusted terms, households had only grown their spending by 0.2% in the September quarter. This result was down significantly from the 0.9% achieved in the June quarter and the weakest result since September last year. In per capita terms once

The post Australia’s household economy approaches stall speed appeared first on MacroBusiness.

Electricity retailers will be required to offer free solar power to households for at least three hours in the middle of each day, in a radical federal government reform. 

Manufacturers should be forced to recycle batteries at the end of their lives to deliver significant safety, environmental and financial benefits.

Slow day on the keyboard today because the house is full of tradies doing roof repairs. It’s an insurance claim, thank god, because it looks like a very, very spendy job. There’s at least a dozen guys, a crane, a shit ton of scaffolding and new roofing iron, new insulation, a new solar hot water system and… now… a new ceiling for my library after one of the roofers stepped through it.

Like many inquisitive kids, I was fascinated with dinosaurs and knew the names of lots of them. When I was employed, I’d commonly see kids as young as 5, who could tell their parents (and me) the names of dozens of dinosaur genera. When I was about the same age as them, I was given a book on dinosaurs from the How and Why Wonder Book series. This series was turned out in large numbers on many topics, of which I had a few, but the dinosaur volume was my favourite1.

Under a series of agreements reached between the Australian and New Zealand governments, Kiwis can relocate to Australia and reside there indefinitely using the Special Category Visa (SCV). The SCV is automatically granted to New Zealanders upon admission, provided they meet character and health criteria. The SCV allows Kiwis to live, work, and study indefinitely

If a new Morgan Stanley study is any guide, it’s bad news all around for youth. The jobs they can do that are hostile to AI job displacement are the most toxic, most unpleasant, and most migrant-saturated imaginable. In short, your kid can plunge his/her hands into the abyss of the human mouth, handle flesh-eating

The post Which jobs can protect youth from AI termination? appeared first on MacroBusiness.