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Renew Economy Thursday, June 26, 2025 - 15:06 Source
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Renew Economy Thursday, June 26, 2025 - 15:05 Source
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Renew Economy Thursday, June 26, 2025 - 14:43 Source

Delta Electricity Vales Point coal fired power station - supplied 1 - optimised

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Renew Economy Thursday, June 26, 2025 - 14:40 Source
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MacroBusiness Thursday, June 26, 2025 - 14:00 Source

The housing affordability situation in New Zealand is rapidly improving, unlike Australia. Turning to the rental market first, TradeMe reported a 3.1% annual decline in New Zealand asking rents in May, with all major markets experiencing declines. Stats NZ and the Ministry of Business, Innovation and Employment (MBIE) also reported a sharp decline in national

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Renew Economy Thursday, June 26, 2025 - 13:48 Source
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Renew Economy Thursday, June 26, 2025 - 13:35 Source
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MacroBusiness Thursday, June 26, 2025 - 13:30 Source

Below is a fascinating note from Goldman on US tariffs. The domestic corporate goods price index (CGPI) fell -0.2% mom in May, the first decline since August last year, due to lower gasoline prices. In yoy terms, the index decelerated sharply to +3.2% (April: +4.1%). Domestic prices for machinery-related categories showed a mixed picture of

The post Tariffs absorbed by corporate price cuts? appeared first on MacroBusiness.

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Renew Economy Thursday, June 26, 2025 - 13:27 Source
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Renew Economy Thursday, June 26, 2025 - 13:24 Source
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MacroBusiness Thursday, June 26, 2025 - 13:00 Source

With a Labour government running an immigration-led labour market expansion economic model that intrinsically lowers living standards, the last thing beleaguered Australian households needed was the RBA to join the economic stomping. But that’s exactly what they’ve had, as a politicised RBA refused to canvass what the model means for inflation. Most pointedly, there won’t

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MacroBusiness Thursday, June 26, 2025 - 12:30 Source

News.com.au reports that Victoria has relaxed its gas phase-out plan, allowing owner-occupiers to continue using gas heaters and reaffirming that businesses can keep gas running in existing commercial buildings: The state will still push ahead with reforms that will make all new homes and most new commercial buildings electric only from 2027. Premier Jacinta Allan

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MacroBusiness Thursday, June 26, 2025 - 12:00 Source

Amidst the ongoing debate surrounding the right level of migration for Australia, I thought it would be interesting to look into how population growth is playing out at a state based level. The piece will also look at which state has been doing the heavy lifting relative in terms of its population growth relative to

The post Where is Australia’s population growing the most? appeared first on MacroBusiness.

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Renew Economy Thursday, June 26, 2025 - 11:59 Source
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MacroBusiness Thursday, June 26, 2025 - 11:30 Source

If there is one country that has come to embody the absolute failure of developed world policymakers to address existential economic and social issues, it is South Korea. Despite it’s status as one of the most technologically advanced economies in the world and one of only a relative handful to reach developed world status outside

The post Australia following South Korea’s path to national ruin? appeared first on MacroBusiness.

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Cheeseburger Gothic Thursday, June 26, 2025 - 11:21 Source

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The Tally Room Thursday, June 26, 2025 - 11:15 Source

There were 21 seats in 2025 where an independent candidate made the two-candidate-preferred count. For today’s post, I want to explore what we can tell about those voters from their other voting patterns. For voters who ended up with the independent in the two-candidate-preferred count: how did they cast their primary vote, and where did they rank Labor or Coalition?

For some of this analysis, it is important to analyse seats where the independent was primarily opposing Labor or primarily opposing the Coalition separately.

This first chart shows the 14 independents who made the 2CP count against the Coalition.

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MacroBusiness Thursday, June 26, 2025 - 11:00 Source

The Market Ear on the melt-up. Buy signal up here? NDX just put in the golden cross. Golden crosses over the past years were followed by big melt up phases… Source: LSEG Workspace Not enough McElligott sums it up well: “There’s simply not enough “Net” leverage / Beta -“on” and returns have under captured the

The post Robots buy, buy, buy appeared first on MacroBusiness.

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MacroBusiness Thursday, June 26, 2025 - 10:30 Source

The NSW government’s budget papers show that the state is expected to post a deficit of $5.7 billion for the 2024-25 financial year. The deficit is projected to narrow to $3.4 billion in 2025-26, although it is well above the $2.2 billion deficit that Treasury had forecast in the mid-year budget update. Treasurer Daniel Mookhey

The post NSW government turns home buyer of last resort appeared first on MacroBusiness.

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MacroBusiness Thursday, June 26, 2025 - 10:00 Source

Inflation is falling across the advanced world. As a result, monetary policy is easing globally, as illustrated below by Justin Fabo from Antipodean Macro: As shown above, the decline in official interest rates has lagged other advanced nations. The recent local data shows that inflationary pressures in Australia are rapidly easing. Wednesday’s monthly inflation indicator

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MacroBusiness Thursday, June 26, 2025 - 09:30 Source

DXY is at the breaking point. EUR is soaring. AUD should be catapulting, but markets are beginning to understand that Labor’s immigration-led growth model produces no inflation. Lead boots plod higher. Gold has lost its energy. Oil bottom. Metals reflation is here. Except for the big bears. EM yawn. Junk on the verge of a

The post Australian dollar left behind as economy sags appeared first on MacroBusiness.

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MacroBusiness Thursday, June 26, 2025 - 09:00 Source

Wall Street struggled to find a reason to continue the post “Mission Accomplised” Iranian strike rally with European shares slumping despite a commitment of more military spending at NATO. Softer home sales in the US and a very cautious Federal Reserve Chair saw the USD sold off yet again, with almost all the undollars picking

The post Macro Morning appeared first on MacroBusiness.

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Your Democracy Thursday, June 26, 2025 - 08:53 Source

Ukraine can still achieve a military victory over Russia, NATO’s Supreme Allied Commander Europe and head of the US European Command, Alexus Grynkewich, said during a US Senate hearing on Tuesday. He was confirmed in his new role with the US-led military bloc earlier this month.

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MacroBusiness Thursday, June 26, 2025 - 08:00 Source

With the release of the latest rental vacancy rate figures from SQM Research, it was revealed that, at a national aggregate level, zero progress had been made in addressing the nation’s rental crisis over the last 12 months. While SQM’s rental vacancy rates are not seasonally adjusted, a comparison of the same month in the

The post Australia’s forever rental crisis appeared first on MacroBusiness.

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Your Democracy Thursday, June 26, 2025 - 06:00 Source

Almost all of Australia’s top chief executives are, according to their boards at least, knocking it out of the park in terms of performance.

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Your Democracy Thursday, June 26, 2025 - 05:44 Source

Democracy should be the right enjoyed by people of different countries rather than the privilege of certain countries. As the so-called Summit for Democracy, US' newest international charade, is about to kick off on Thursday, the Chongyang Institute for Financial Studies, Renmin University of China, released on Monday the research report "Ten Questions for American Democracy."

 

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Your Democracy Thursday, June 26, 2025 - 05:25 Source

When Russian President Vladimir Putin told the St. Petersburg International Economic Forum last week that the world needs “a new model of global growth,” many Western commentators heard only a familiar plea: lift the sanctions, drop the tariffs, stop using trade as a geopolitical cudgel.

 

Russia takes on the West’s biggest obsessionPutin says the world needs a new growth model. He might be right.By Andrey Kortunov

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MacroBusiness Thursday, June 26, 2025 - 00:05 Source

In handing down Western Australia’s latest budget last week, WA Treasurer Rita Saffioti announced $1.4 billion worth of measures aimed at addressing issues in the WA housing market. With the Western Australian housing market seeing rapidly rising prices and a dire lack of rental housing, Committee for Economic Development of Australia (CEDA) chief economist Cassandra

The post Australia’s housing shell game appeared first on MacroBusiness.

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Your Democracy Wednesday, June 25, 2025 - 20:59 Source

They came. They bunker-busted. They fled.

And then they set the stage to control the narrative via a massive P.R. operation.

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MacroBusiness Wednesday, June 25, 2025 - 16:30 Source

Equity markets in Asia are somewhat bullish although the latest softish CPI print kept Australian stocks and the dollar steady, despite further calls of cuts from the RBA. The USD is trying to clawback lost ground but its really all about the Yen at the moment as the BOJ indicates some hawkish positioning around their

The post Macro Afternoon appeared first on MacroBusiness.

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