I explained last week why Australia’s energy costs will inevitably soar as the nation replaces traditional baseload generation with renewables in pursuit of Labor’s 82% renewable energy target. The reasons for the high cost of renewable energy are straightforward. They depend on the weather; therefore, they are intermittent and have low load factors. Renewables need
Although the macro newsflow was relatively light on overnight it was all about the bond and currency markets as the latest Canadian inflation numbers following yesterday’s cut by the RBA led to further introspection on the trajectory of the ECB, which has led to the USD being pushed back across the board. US sovereign debt
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I did an advanced class at Jujitsu last night, only because it was one of those weird nights when mostly senior belts were in attendance. I think we had one yellow belt on the mat, so we were able to break out the secret techniques. We just put the yellow belt in a corner to do some grading work.
The media release accompanying the Reserve Bank of Australia’s (RBA) 0.25% cut to the official cash rate (OCR) on Tuesday was a fairly vanilla affair that took a neutral stance. The release noted that risks to inflation have become “more balanced”, that policy is now “somewhat less restrictive”. The RBA also remained “cautious about the
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Last year, former federal Treasury official Stephen Anthony warned that Victoria may need a federal “bailout” due to increasing state debt, which reached $27,729 per person in 2023-24. “Victoria is on a suicide mission to record borrowing, just as global interest rates are about to hit 5%”, Anthony warned. “Potholes can’t get filled, emergency departments
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Sorry about the delay on this one, and absence of recent posts. I’ve been in a bit of a rush, getting ready for travel. Will hopefully return to normal service soon.
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.
Australian Industry Group’s analysis of data from the Productivity Commission underlines the downturn in the nation’s housing sector. The Ai Group’s report shows that while labour productivity across the economy has increased by 24% over the last decade, this metric has fallen by 14% in relation to overall housing construction over the same period, and
Risk markets in Asia are somewhat mixed in reaction to the flat sessions on Wall Street overnight with the Friday night cut by ratings agency Moody on US debt still reveberating, particularly within bond markets. The Trump regime is still failing to make deals with Japan which is seeing further strength in Yen while today’s
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