Blogotariat

Prime Minister Anthony Albanese is back at it, lying that a renewables-based future will deliver Australia an “era of growth and prosperity” with the private sector leading the charge. “The global shift to clean energy is the biggest economic transformation since the industrial revolution and it is a profound economic opportunity for Australia”, Albanese will

The post Albo gaslights on the true cost of renewables appeared first on MacroBusiness.

The US jobs market is weak and getting weaker. The Friday BLS report has some dour implications for Australia. Total nonfarm payroll employment changed little in August (+22,000) and has shown little change since April, the U.S. Bureau of Labor Statistics (BLS) reported today. The unemployment rate, at 4.3 percent, also changed little in August. A job

The post AI gobbles US jobs in warning to Australia appeared first on MacroBusiness.

Contested wind and battery project was hit by media allegations of major land clearing last week, but the new owner says the final design is still under review.

Plans to develop a 300 megawatt, up to four-hour big battery have been referred for EPBC assessment, but a solar component dropped because it was "non-viable."

The ferrous complex remains drunk as steel margins evaporate. And then there is this. S&P. Today, we are witnessing a resurgence in capital expenditure focused on iron ore, contrasting with the overall capital decline in the mining industry. Notably, a significant portion of this investment, focused on iron ore, is directed toward Guinea and the Simandou Blocks 1 & 2 and Simandou Blocks 3 & 4 projects. Simandou is a particularly high-grade deposit, with grades averaging 65.8%

Plunging cost of battery storage is occurring at just the right time in Australia, which is experiencing unprecedented levels of wind and solar curtailment on its main grids.

The Price is right. The federal opposition is in damage control following firebrand senator Jacinta Nampijinpa Price’s claims the government is accepting “large numbers” of Indian migrants into Australia to bolster Labor’s vote. Polling strongly suggests that Jacinda Price is right (especially now she has said it!). Indian migrants voted strongly for Labor at the

Last month, the Reserve Bank of Australia (RBA) lowered the official cash rate (OCR) by 0.25% to 3.60%. This marked the third 75 bp rate cut this year. Most economists and financial markets have tipped the RBA to deliver another two 25 bp rate cuts by mid-2026. The associated decline in mortgage rates has improved housing

The post Rate cuts offer false dawn for housing affordability appeared first on MacroBusiness.

This is good from The Australian. …Manufacturing Australia, which counts BlueScope, Tomago Aluminium and CSR as members, told the government review that east coast-based manufacturers pay between $12 and $19 per gigajoule for gas compared with the US, where prices are $5 to $7/GJ in comparison. …The group said Australia must target a delivered gas

The post Willox sells his members to the gas cartel appeared first on MacroBusiness.

Being a renter in Australia has turned into the Hunger Games. The record surge in migration post-COVID has added extraordinary rental demand, illustrated neatly below by Justin Fabo at Antipodean Macro. As a result, capital city asking rents soared as more people competed for housing. At the end of 2024, Cotality (formerly CoreLogic) estimated that

The post Being a renter in Australia is like the Hunger Games appeared first on MacroBusiness.

By Lucinda Jerogin, Associate Economist at CBA Australian GDP growth surprised to the upside, rising by 0.6%/qtr in Q2 25 to be 1.8% higher annually. The current account deficit narrowed to $13.7bn in Q2 25. The July MHSI reinforced our view that the consumer recovery is picking up steam, rising by 0.5%/mth to be 5.1%

The post The economic week ahead appeared first on MacroBusiness.