Australia’s government and media want us to believe that climate change is the most serious environmental concern. They say that Australia must reach its net zero promises to avoid “dangerous climate change”, ignoring the reality that Australia is a tiny (1%) emitter on the global stage. Last week, Prime Minister Anthony Albanese unveiled Labor’s long-awaited
The ferrous complex plods on. Caught between the approach of Simandou, Capanema, Gara Gjeblet on one hand and the shutdown of Chinese green steel on the other. The balance is unusually solid blast furnace output for the season. Honestly, if you had shown me that chart in 2019, I would have told you iron ore
In the years since the pandemic arrived, Melbourne has gone from having one of the strongest economies in the nation and being a drawcard for internal migration to the butt of jokes and criticism. In some ways, this criticism is justified; the Victorian labour market and economy today are performing nowhere near as strongly in
With the implementation of the Albanese government’s 5% deposit scheme for first home buyers just over a week away, social media is filled with promotional material from the Albanese government crowing about how their achievement will help prospective home buyers. It’s certainly true that some first home buyers will benefit because they will be able
From the Market Ear: Tech spending Without tech spending the US economy would be close/in a recession. DB points out: 1. Good news: The AI super-cycle — with NVIDIA effectively carrying the US economy — is offsetting demand (tariffs) and supply (immigration) shocks. 1. Bad news: The cycle can’t last without parabolic capex. With hyperscaler
The Productivity Commission (PC) released its quarterly Bulletin, which explored the structural decline in Australia’s ‘capital deepening’, which has contributed significantly to the nation’s productivity malaise. “Labour productivity tends to increase when workers have more or better capital (such as computers and buildings) to work with, which is known as ‘capital deepening’”, PC Deputy Chair
Former Labor leader Bill Shorten warned that Australia’s declining economic complexity is the single biggest threat to national security. Shorten noted that the Harvard Kennedy School’s Economic Complexity Index ranked Australia 105th out of 145 nations. “Our near neighbours are Botswana, Panama, Namibia and Togo”, he said. “This is not an academic curiosity; it is
Coastline at 12 Apostles, Victoria AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225
The post Macro Afternoon: 23 September 2025 appeared first on MacroBusiness.
After recording stronger than expected growth in the June quarter, it appears that Australia’s economy is stalling once more. Last week, the Westpac–Melbourne Institute Leading Index was released, which fell back to –0.16% in August from +0.11% in July. It was the first below-trend reading since September 2024, suggesting that momentum has slowed. “While the weakness
While the focus of Australia’s political policymakers remains on issues largely external to the nation’s rental crisis, more and more data continues to emerge pointing to the impact of the failure of successive governments, which is worsening circumstances by the day. According to a recent report from News.com.au International students are overwhelming Australia’s asylum system with