Blogotariat

One of the things about the shemozzle of the Trump regime which makes me laugh, is some insular muppets who probably don’t have passports and only vaguely know where Europe is, have been asking: “Has the Democratic Party shifted too far to the left?” Compared to most other western democracies, the Democratic Party would be considered to be right wing, while the Republican Party are now mostly far right, supporting as they do, a half-witted malevolent oligarchy.

Ferrous complex struggles continue. The steel output cuts have begun. The China Iron and Steel Association said this week the government was “actively deploying and promoting” its crude steel production mandate. Looming output restrictions have weighed on the market and are expected to impact demand of iron ore. “The main task facing the steel industry is

The post Iron ore slashed by steel cuts appeared first on MacroBusiness.

A company owned by Malcolm and Lucy Turnbull has sold nearly 1.4 GW of 10-hour pumped hydro energy storage projects to major Auustralian gentailer AGL.

This century has seen a remarkable transformation of Australia. In the 60 years post-World War II, Australia’s net overseas migration averaged 90,000 per year. Australia had only recorded two calendar years with net overseas migration (NOM) exceeding 150,000. Immigration booster Professor Peter McDonald admitted in 1999 that “there were difficulties in the late 1980s when

AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225                

The post Macro Afternoon: 7 May 2025 appeared first on MacroBusiness.

What about us?! DNSPs ask NEM Review to consider rule changes to allow them to own and operate medium and big batteries and host large-scale wind and solar.

Thank you for the opportunity to provide feedback on the draft strategy. Prosper Australia is an economic think tank working in the Georgist tradition, with a long history of research into property taxation. We wish to raise one major point: the draft strategy lacks an infrastructure funding strategy. The draft recommendations cover several governance and […]

By Ross Elliott from The Pulse: There’s a great line from the comedy show Kath & Kim, where the very suburban Kim expresses her desire to be like affluent city people. “I want to be effluent Mum,” she says. “You ARE effluent, Kim,” replies the equally suburban Kath. The new political geography of affluent inner

The post Winning the suburbs is the key to election victory appeared first on MacroBusiness.

The Market Ear on a possibe bear market. Very extended The 10-day advance/decline line has gotten very extended. Bespoke: “We would not be surprised to see some downside mean reversion soon”. Source: Bespoke Death cross still in place SPX is hitting some sort of short term trend line here. We moved above the 50 day, but are

The post The bull meets the bear appeared first on MacroBusiness.

University boosts its installed solar capacity to 5.8 MW with completion of what is being described as the largest urban solar farm in the state.

On Tuesday, the Australian Bureau of Statistics (ABS) released dwelling approvals data for March, which recorded an 8.8% monthly fall to 15,220 approvals. House approvals fell by 4.5% in March, while unit & apartment approvals fell by 15.1%. Annual approvals rose to 180,740, up 10% on the June 2024 low of 164,254. As illustrated below,

The post Australia’s housing target decimated again appeared first on MacroBusiness.

For tonight’s update, I’m going to first touch on the races I included in this morning’s post and how they have changed. Those are the seats that are conventional close races.

Then I will turn my focus to the seats where the two-candidate-preferred count has been recalibrated to a different pair of candidates. In these seats there has been some significant progress today towards resolving these seats.