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Renew Economy
Monday, February 3, 2025 - 13:00
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MacroBusiness
Monday, February 3, 2025 - 13:00
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CoreLogic data shows that national rental affordability hit an all-time low at the end of 2024, with 33% of median household income spent on the national median rent. According to CoreLogic, this followed a 37% increase in asking rents over the past five years, whereas PropTrack reported a 47% increase in rents over the same The post Sydney and Melbourne rents fall appeared first on MacroBusiness. |
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Renew Economy
Monday, February 3, 2025 - 12:50
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MacroBusiness
Monday, February 3, 2025 - 12:30
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This is not a debate. It is propaganda from both sides. Opposition Leader Peter Dutton has claimed his nuclear energy policy would cut power bills by 44 per cent, but analysis by the renewables sector warns it could actually drive up electricity costs by more than $1000 a year for millions of Australians with rooftop The post Renewables or nuclear will blow up electricity prices appeared first on MacroBusiness. |
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MacroBusiness
Monday, February 3, 2025 - 12:00
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They say that the fish rots from the head, and there is no better example than Michael Stutchbury and the AFR. The decomposing marine skull is no longer the editor, but he still writes biased drivel. This week’s CPI reading showing annual underlying inflation easing to 3.2 per cent in the last three months of 2024 suggests The post Rotten fish head pressures RBA to hold appeared first on MacroBusiness. |
MacroBusiness
Monday, February 3, 2025 - 11:30
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The Australian dollar has gapped into madness this morning following El Trumpo tariffs. DXY to the moon! AUD positioning is very short but not extremely so. Likewise the DXY long. If Canada, Mexico or China respond in kind, this is going to go nuclear. The post Australian dollar gaps into madness appeared first on MacroBusiness. |
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MacroBusiness
Monday, February 3, 2025 - 11:00
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Victoria’s net debt is the worst in the nation, with the state having the lowest credit rating. The “ruinously expensive” Suburban Loop Project (SRL) risks worsening the debt situation. The independent Parliamentary Budget Office (PBO) projected that the cost to build and run all three planned stages of the SRL would cost more than $200 The post Victorian taxpayers railroaded again appeared first on MacroBusiness. |
xkcd.com
Monday, February 3, 2025 - 11:00
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MacroBusiness
Monday, February 3, 2025 - 10:30
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Goldman with the note. BOTTOM LINE: President Trump signed executive orders that impose tariffs on imports from Mexico, Canada, and China effective Feb. 4. The White House has conditioned removal of the tariffs on improvement in the immigration and fentanyl situations but has not provided specific goals. While the outlook is unclear, we thinkthe Canada- The post Trump tariffs in detail appeared first on MacroBusiness. |
MacroBusiness
Monday, February 3, 2025 - 10:00
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Peter Dutton is showing that the Coalition also cannot be trusted on immigration. After promising heavy cuts to net overseas migration last year, the Coalition’s election statement on immigration has only promised to cut the permanent migrant intake by 25% for two years and offered no target for temporary or net overseas migration. The Coalition’s The post Coalition to re-launch money laundering visas appeared first on MacroBusiness. |
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MacroBusiness
Monday, February 3, 2025 - 09:30
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Albo has been a catastrophe for Aussie living standards. His lies are outrageous. The prime minister acknowledged the tough financial circumstances of the past three years, underpinned by high inflation and interest rates, but he indicated that the worst was over, the nation was at “the beginning of where we want to be”, and more The post Incredibly, Dutton is a worse economic manager than Albo appeared first on MacroBusiness. |
MacroBusiness
Monday, February 3, 2025 - 09:00
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You get a trade war – you get a trade war – we all get a trade war! Well, not Australia directly yet but as a satellite of Chyna, it matters not as the Trump wrecking ball through the international economic order yielded a serious blow over the weekend as both Canada and Mexico stepped The post Macro Morning appeared first on MacroBusiness. |
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John Quiggin
Monday, February 3, 2025 - 08:35
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Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here. |
MacroBusiness
Monday, February 3, 2025 - 08:00
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The following video, which is making the rounds on Twitter (X), features opposition leader Peter Dutton explaining how he “saved diligently” to buy his first house in Brisbane at the age of 19. “I have saved diligently over those years and it allowed me to put together a deposit for a house. And I bought The post Politicians should never lecture on housing affordability appeared first on MacroBusiness. |
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MacroBusiness
Monday, February 3, 2025 - 00:05
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The Department of Home Affairs released temporary visa data for Q4 2024, revealing 2,250,000 temporary visa holders in Australia, excluding visitors, at the end of 2024. This was a record for the December quarter, representing a 116,000 increase over the same period in 2023. There were also roughly 470,000 more temporary visas in Australia than The post Indians deliver record-breaking temporary visa boom appeared first on MacroBusiness. |
George Monbiot
Sunday, February 2, 2025 - 22:00
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The UK government’s pursuit of growth at all costs hands this country to predatory capital. By George Monbiot, published in the Guardian 30th January 2025 I can scarcely believe I’m writing this, but it’s hard to dodge the conclusion. After 14 years of environmental vandalism, it might have seemed impossible for Labour to offer anything but improvement. But on green issues, this government is worse than the Tories. |
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THE BLOT REPORT
Sunday, February 2, 2025 - 12:03
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The Mango Mussolini has refused to rule out economic pressure or military action to take over Greenland. Greenland is currently one of the two autonomous territories of the Kingdom of Denmark; the other being the Faroe Islands1. Inhabitants of both of those territories are citizens of Denmark and as Denmark is part of the European Union, they are therefore European Union citizens2. |
John Quiggin
Sunday, February 2, 2025 - 11:09
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“The cemeteries are full of indispensable people.” In one form or another, this observation has been made many times over the last century or more. |
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MacroBusiness
Sunday, February 2, 2025 - 10:03
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DXY is back. AUD is tariffied. Auld lead boots is the big question as the tariffs land. Oil keeps bleeding. Gold to the moon. The Crap Complex—dirt, miners, junk, EM—pooed its pants. Curve flattened. Stocks eased. Trump applied his tariffs. “Today, I have implemented a 25% Tariff on Imports from Mexico and Canada (10% on The post Australian dollar tariffied appeared first on MacroBusiness. |
George Monbiot
Saturday, February 1, 2025 - 20:30
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Labour’s housing strategy makes a dysfunctional system bigger. We need systemic change. By George Monbiot, published in the Guardian 26th January 2025 Build baby, build. That’s about the intellectual limit of the government’s housing strategy. Millions are under-housed, so let’s “bulldoze” the planning system and build more homes. But it’s not nearly so simple. |
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MacroBusiness
Saturday, February 1, 2025 - 09:37
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All he had to do was keep saying, ‘I’ll lower the cost of everything.’ Instead, he has hatched the most disastrously inflationary energy policy I have ever seen. Peter Dutton said gas “will be incredibly important” for the grid and insisted he is eager accelerate new projects such a Narrabri in NSW to ensure more The post Dutton’s gas plan is from the Book of Revelations appeared first on MacroBusiness. |
MacroBusiness
Saturday, February 1, 2025 - 00:15
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Over the past decade, the number of cafes nationwide has reached an unsustainable level, and many are struggling to survive. I moved to my home suburb of Ashburton, Melbourne, in 2006. At the time, the local High Street shopping strip had only a few cafes. The number of cafes peaked at around a dozen in The post Australian cafes face an existential crisis appeared first on MacroBusiness. |
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MacroBusiness
Saturday, February 1, 2025 - 00:10
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CoreLogic released its first auction results for 2025, with final clearance rates crashing to new lows in the week ending 26 January. The national final auction clearance rate fell to 55.6%. This was the lowest result since the final week of 2022 when housing market conditions were adjusting to successive cash rate increases. The decline The post Auction market begins 2025 in the doldrums appeared first on MacroBusiness. |
MacroBusiness
Saturday, February 1, 2025 - 00:05
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International Reads: Costco to raise hourly pay for most US store workers to over $30 – Reuters Trump says US could soon put 25% tariffs on goods from Mexico, Canada – Reuters Trump’s grant gambit threatens to wreck the goldilocks economy he inherited – CNN Americans tipping less as frustration over prices and prompts grows, The post Weekend Reading and Media Appearances appeared first on MacroBusiness. |
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MacroBusiness
Friday, January 31, 2025 - 17:30
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Asian stock markets are doing well to absorb the latest Fed and ECB meetings with the added volatility of a Japanese inflation print and subsequent BOJ comments giving Yen a reprieve after the USD fell all week. Indeed, the USD is strengthening against most of the majors again as the Clown in the Oval Office The post Macro Afternoon appeared first on MacroBusiness. |
Renew Economy
Friday, January 31, 2025 - 14:06
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MacroBusiness
Friday, January 31, 2025 - 14:00
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Will Australia’s real ambassador to the US please stand up? Golfing great Greg Norman hinted he was called upon once again to act as a bridge between the Australian government and Donald Trump, helping to arrange a meeting between the president and ambassador Kevin Rudd. MB has noted many times that Rudd chum is blood The post Great White Shark devours Rudd chum appeared first on MacroBusiness. |
MacroBusiness
Friday, January 31, 2025 - 13:30
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Every opinion poll released in 2025 has shown the Albanese Labor government trailing Peter Dutton’s Coalition on both primary and two-party prefered vote. In recent elections, Victoria has represented a stronghold for the federal Labor Party. The 2022 federal election saw Labor win 24 out of 39 Victorian seats and 54.83% of the two-party preferred The post Will Victoria sink the Albanese government? appeared first on MacroBusiness. |
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MacroBusiness
Friday, January 31, 2025 - 13:00
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Ambos, police, doctors, nurses, mental health workers: wage claims, strikes, walkouts, burnouts, suicide. All of these crises are linked in several different ways. Paramount is the federal immigration-led economic model that piles people upon people—often from a Third World where life is cheap—while the states that govern most of the front-line services are left to |
Renew Economy
Friday, January 31, 2025 - 12:33
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