Blogotariat

The Israeli war on Iran has dominated the final session of the trading week here in Asia with all share markets finishing in the red, with a very small bid towards the USD for a safe haven bid, except gold. The Australian dollar was also finally pushed back below the 65 cent level in the

The post Macro Afternoon appeared first on MacroBusiness.

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Australia’s cafe industry is on the verge of collapse. Over the past two decades, there has been an explosion in the number of cafes operating across Australia. IBIS World estimates that more than 27,000 cafes are operating in Australia, employing 139,000 people. Competition is intense, with multiple cafes often operating at the same locations. However,

The post $8 coffees will bankrupt cafes appeared first on MacroBusiness.

As a programme partner, Australian businesses are supplying components for the entire F-35 fleet, not just Australian aircraft. Every F-35 built contains some Australian parts and components.

In total, more than 70 Australian companies have been awarded export contracts valued at AU$4.13 billion. These contracts will provide more than 3,000 high-tech manufacturing jobs for Australian industry.

The Victorian government has set a delusional target to deliver 95% renewable energy by 2035. These targets are legislated in the Renewable Energy (Jobs and Investment) Act 2017 (Vic), namely: 25% by 2020 (achieved) 40% by 2025 65% by 2030 (previously 50%) 95% by 2035 (new). Victoria’s renewable energy targets overlook the reality that wind

The post Victoria is headed for energy Armageddon appeared first on MacroBusiness.

For a textbook example of how Australia’s housing affordability debate has been perverted, look no further than the latest Housing Affordability Report from the Bankwest Curtin Economics Centre. Alan Duncan, Director of the Bankwest Curtin Economics Centre, penned an opinion piece in WA Today blaming a lack of supply for Australia’s housing crisis: While interest

A new rule will reward electricity market participants that offer "fast and flexible" services to stabilise grid frequency, in a fresh approach to balancing an increasingly volatile grid.

A stronger than expected US initial jobless claims print  – the third week in a row that was well above expectations – gave bond and currency markets a bit of a shakeup but was overshadowed by increased Iranian tensions with the US and the plainly not-a-deal US-China trade deal. Wall Street still managed to turn

The post Macro Morning appeared first on MacroBusiness.

I reported on Thursday how an unexpected outage at Victoria’s second-largest coal-fired power station had heightened concerns that colder weather could strain the market and drive up wholesale electricity prices. I noted that the renewables would use the outage as an opportunity to label coal-fired generation “unreliable” and as justification for Labor’s renewables rollout to

Policymakers are exerting significant pressure on Australians to live in shoebox apartments. Their directive runs counter to the wishes of Australians, who overwhelmingly prefer to live in detached houses. The average price premium of a detached house across Australia’s capital cities was 174% in May, according to PropTrack: Detached houses have also experienced far stronger

THE DEMOCRATIC PARTY BRAND HAS TAKEN A FEW NEAR-MORTAL BLOWS... THE JOE BIDEN PRESIDENCY WAS A CATASTROPHE... IT SHOWED THAT THE PARTY WAS RUNNING ON EMPTY WITH A BOGUS PRESIDENT AND VERY UNPOPULAR POLICIES. IT'S GOING TO TAKE A WHILE TO REGAIN THE HIGH MORAL GROUND WITHOUT LOSING THE MIDDLE OF THE POPULACE...

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