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Grattan’s Institute pumps Gasmageddon

March 24, 2025 - 13:00 -- Admin

Every time I read one of these articles, the Grattan Institute appears as the independent voice of reason. SMH. As the risk of shortfalls edges closer, state and federal energy ministers are becoming increasingly worried that talks between LNG terminal developers and prospective customers appear deadlocked, with neither party able to agree on price and

Australian economy awash with the wrong skills

March 24, 2025 - 12:00 -- Admin

Former Treasury Secretary Dr Martin Parkinson, who led the federal government’s 2023 Migration Review, admitted that Australia’s mass immigration policy has failed to provide the nation with the skills it needs and has contributed to poor productivity growth. As part of a campaign entitled ­Activate Australia’s Skills, Dr Parkinson called for a nationally cohesive approach

Coalamity continues

March 24, 2025 - 11:30 -- Admin

The great coal crash continues. Thermal coal has broken $100 and continues to fall. Coking coal is the mirror image. I see no end in sight to either. The less gloomy news is the price falls are more or less on track for the budget. Key commodity prices are assumed to decline from elevated levels

Aussie flash PMI crawls

March 24, 2025 - 10:04 -- Admin

Slightly better and going nowhere fast. Flash Australia PMI Composite Output Index(1): 51.3 (Feb: 50.6). 7-month high. Flash Australia Services PMI Business Activity Index(2): 51.2 (Feb: 50.8). 2-month high. Flash Australia Manufacturing Output Index(3): 51.9 (Feb: 49.7). 29-month high. Flash Australia Manufacturing PMI(4): 52.6 (Feb: 50.4). 29-month high. There’s enough for Warren Hogan to have

Labor embraces Gasmageddon

March 24, 2025 - 09:30 -- Admin

Oh dear. The Australian. Jim Chalmers will extend energy bill rebates for another six months in Tuesday’s budget, adding an extra $1.8bn to the pre-election spending splurge with an aim of setting up a cost-of-living fight with Peter Dutton. Despite energy bills being set to increase by up to 9 per cent next financial year,

Macro Morning

March 24, 2025 - 09:00 -- Admin

Friday night saw a very hesitant risk complex trying to digest the recent Bank of England and Swiss Central Bank meetings, while trying to anticipate what the Fanta Fuhrer in the Oval Office is going to do next with tariffs. Wall Street initially pulled back slightly in line with European stocks before rebounding later in

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