Renewables overtake coal in global generation for first time thanks to “spectacular” growth in solar
The Australian Electoral Commission yesterday published the official statistics that will be used for federal redistributions in South Australia, Tasmania and the ACT. This gives us a bit more insight into what is likely to happen in those redistributions.
The ferrous complex remains paralysed by too much versus too much hope. Some Morgan Stanley charts illustrate the point. Steel is weak globally and abundant in China still. We are about to witness the weakest New Year restock in history, just as Chinese steel exports top out on trade wars. Iron ore is everywhere! The
The post How fast will the Pilbara be killed? appeared first on MacroBusiness.
What we are seeing in many markets today is exactly what I expected to see when I made my 40 cents AUD call a few years ago. American exceptionalism is alive in the AI bubble but severely crimped by anti-Trumpian capital flows. The Chinese economy is slowly dying, but propped up as it pours money
The post Australian dollar topped as iron ore enters end game appeared first on MacroBusiness.
Senior officials in Poland and the Baltic states have blasted former German Chancellor Angela Merkel after she claimed they derailed potential EU-Russia talks on Ukraine months before the escalation of the conflict in 2022.
Being a renter in Australia is like competing in the Hunger Games. After borders reopened in late 2021, temporary migrants flooded into Australia in record volumes: As a result, rents surged and vacancy rates collapsed: At the end of 2024, Cotality (formerly CoreLogic) reported that the percentage of household income spent on rents hit a
The post Renters are the forgotten people appeared first on MacroBusiness.
Man, I don’t know where I am this week. That holiday on Monday was always going to put the zap on my head, but I think I made it much worse by working through the weekend. Both Jane and I were on deadline, so we just pulled normal workdays on Saturday and Sunday, and then had Monday off, which was nice.
Then Tuesday, I caught up with Nick Pringle and his partner, Melissa, who I know from my time in publishing in Sydney. They were having a little break in Brisbane, so they popped out to my part of the world to have a coffee and a couple of toasted sangas. That was nice.
Queenscliff pier at sunrise AUD/USD EUR/USD USD/JPY GBP/USD Gold….we are now in parabola mode… West Texas Intermediate Brent Australia 200 US S&P 500 UK 100 Japan 225 Videos
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