Yes, you read it right. The last quarter of wholesale electricity has been the cheapest since the Albanese government came to power, averaging around 50Mw/h. This excellent outcome can be attributed to several factors. Power usage is well down quarter on quarter, year on year, thanks to a very mild summer. This, in turn, has
The post Australia enjoys cheap power shock appeared first on MacroBusiness.
The recent divisions between the Liberal Party and the Nationals, which seem to have culminated in the Nationals ending the coalition this morning, have made me think of the long history of the smaller conservative coalition partner exercising it’s influence over the larger party’s leadership.
In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, breaks down the global market selloff triggered by a sharp jump in Japanese bond yields — exploring what drove the move, why it rattled equities and currencies worldwide, and what it all means for investors navigating rising-rate risks. Join us when we go LIVE!
The odds of a near-term interest rate hike have increased dramatically following Thursday’s labour force report from the Australian Bureau of Statistics, which showed that headline unemployment declined to 4.1% in December, down from 4.3%. The key statistics are illustrated in the table below from Alex Joiner at IFM Investors: Most notably, the number of
UNSW Professor Matthew England, a global authority on Southern Ocean modelling, explains the alarming warming of our seas. Plus: coal power extended in two states, and the week’s other key stories.
The post Video: Our oceans are heating and we are still burning coal | Energy Insiders appeared first on Renew Economy.
At the May 2025 federal election, the Coalition secured just 21% of the primary vote of the members of Gen Y, only marginally above the Greens at 19% and well below Labor at 37%. But it wasn’t always like this for the Coalition and the Australian right. At the 2004 election, when the eldest member
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Australia is already experiencing its worst rental crisis in modern history, with capital city advertised rents soaring by 43% over the past five years (to Q4 2025), adding $11,115 to the annual rental bill of the median tenant, according to Cotality. The Australian Bureau of Statistics (ABS) released housing construction data for the September quarter
An American think-tank has some bad news for Europe. Just as the continent tries to wriggle free from an abusive relationship with Washington, it turns out they’ve never been more dependent on their tormentor.
Of all the hills to die on, this has to be the strangest. A major political party is coming apart owing to a thousand-year war on the other side of the planet that has zero bearing upon it. Sussan Ley has pleaded with the Nationals to stay in the Coalition after the country party’s frontbench
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Australia has experienced the strongest population growth in the developed world this century. According to the ABS’ Population clock, the nation’s population has expanded by 8.9 million people this century, a 47% increase. Australia has also experienced the biggest immigration boom in the nation’s history under the Albanese government, which has fueled the nation’s rental
The ferrous jaws have only marginally compressed. To summarise. Hot metal ouput is hovering somewhere around 2.3 mt per day, which is mediocre. Port inventories of iron ore are still skyrocketing. MOFCOM reported it at 170.44MT yesterday. A crazy number. Steel inventories are high with limited need to restock. Steel exports are under pressure from
The post Iron ore books a date with $80 appeared first on MacroBusiness.
In a demented, incoherent hour long speech at Davos, Trump finally revealed his master plan by chickening out yet again on his threats to tariff Europe takeover Greenland. Wall Street loved the parade of lies and swung back while the USD firmed slightly against an overbought Euro it continued to lose ground against others, particularly
The post Macro Morning appeared first on MacroBusiness.
Last week, CBA released its wage tracker for December, which draws on de-identified salary flows from around 400,000 CBA accounts to provide an early snapshot of wage growth. In the December quarter of 2025, CBA recorded annual wage growth of only 3.1%, well below the 3.4% CPI inflation increase recorded by the ABS in the
The post No signs of emerging wage inflation appeared first on MacroBusiness.
DAVOS, SWITZERLAND [2018] - The heaviest snowfall to hit Davos in decades saw heaps of snow piling up high all around this scenic Swiss Alpine resort.
Why go through all the pain of having new LNG facilities and new coal mines when we can just kill oil imports and get a lot of votes in the process?
The post Australia should go hard on EVs, exempt them from GST, and save $40 billion a year in fuel imports appeared first on Renew Economy.