It is an easy and appropriate target. Origin Energy chief executive Frank Calabria has declared Australia’s energy market is “no longer working” to deliver affordable, reliable power capable of facilitating the transition to renewables, and sought urgent reforms, including limiting Santos-backed GLNG’s ability to buy gas from the domestic market. Mr Calabria said governments must
Chinese inflation remains bogged. The CPI fell MoM and is going nowhere YoY. PPI is similar. As anti-involution weighs on domestic demand, I expect prices to keep falling. The real problem is unresolved. The black hole of real estate. Golden Week needs to be renamed something less auspicious. New property sales are down again for
The post Chinese deflation is for ever now appeared first on MacroBusiness.
The ferrous complex continues to bifurcate, with steel getting flushed while iron ore enjoys the good times. CISA data for early October rebounded after the Hebei shutdown, but inventories soared 8%. Mills are still overproducing. Goldman explains it. …change in demand patterns, driven by the need for blast furnaces to reduce steel costs, has led
In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, examines why Australia’s stock market looks expensive compared to global peers—and whether the nation’s limited exposure to high-growth tech and AI could see it left behind once again. Join us for the podcast at 12.30 pm AEDST. Can’t make it to the live series? Catch
Trade war tensions are keeping most risk markets contained but not in selling mode as Wall Street lifted again despite sentiment around the US economy as the latest Biege Book from the Fed was released overnight. The USD continues to decline as Fed members are still broadcasting a softer economy, particularly labour markets as ICE
The post Macro Morning appeared first on MacroBusiness.
What can a nineteenth-century economist teach a twenty-first-century Chief Executive Officer (CEO) at one of the largest technology firms? More to the point, why is Microsoft’s CEO, Satya Nadella, quoting William Stanley Jevons? Jevons was a dominant figure in economic thought in Britain during the second half of the nineteenth century, but not today.
His work populates the earlier chapters of textbooks on the history of economic thought, where he is credited with being a pioneer in starting the Neoclassical School of Economics.
From the Market Ear: Here we go SPX trading below trend channel lows for the first time since the latest bull started. Note we are below the 21 day. 50 day comes in at 6600 (futures). We outlined the fading momentum earlier this week, but first let’s see how this closes today. NASDAQ technicals NASDAQ
Austerity costs us a fortune.
By George Monbiot, published in the Guardian 4th October 2025
I was lucky. Last week, I was cycling downhill at night when I hit a pothole. The front wheel folded into an infinity symbol. I went over the handlebars and, with no time to put my hands out, landed on my face. My helmet and glasses took most of the impact. I emerged, remarkably, with just a few cuts and bruises.
Rupert Murdoch built more than a media empire. He built a cathedral of grievance where facts die on the altar and paranoia pays the rent. [...]
Alongside the genocide, the Israeli government is destroying the ecosystems of Gaza, perhaps permanently.
By George Monbiot, published in the Guardian 27th September 2025
A landless people and a peopleless land: these, it appears, are the aims of the Israeli government in Gaza. There are two means by which they are achieved. The first is the mass killing and expulsion of the Palestinians. The second is rendering the land uninhabitable. Alongside the crime of genocide, another great horror unfolds: ecocide.
The mainstream media, with a few exceptions, is a single-issue lobby group, whose purpose is to assert the rights of capital.
By George Monbiot, published in the Guardian 20th September 2025
Astonishingly, the Tufton Street junktanks that shaped Liz Truss’s agenda are still operating at the heart of government.
By George Monbiot, published in the Guardian 11th September 2025
Ross Gittins wins 2025 E.J. Craigie Writing Award for the best article reflecting the ideas of Henry George. Prosper Australia is pleased to announce Economics Editor for The Age/Sydney Morning Herald, Ross Gittins, as the recipient of the E.J. Craigie Writing Award for 2025 for his article: Productivity Commission wants our big mining companies to […]
The election of Zack Polanski as Green Party leader could be the moment our political drought begins to break.
By George Monbiot, published in the Guardian 3rd September 2025