Blogotariat

Asian LNG prices are rising at 20% per day and hit $22.50 overnight. Locally, gas prices are falling, apparently owing to unusually weak NEM demand. The fuel mix suggests weak demand owing to good weather and even weaker gas usage. This is great timing, but Australia’s worst minister, the Mad King, is already encouraging the

The post Mad King cheers huge gas shock appeared first on MacroBusiness.

DXY is a one-armed bricklayer in Tehran. To the moon! North Asia has buckled. AUD crashed overnight, then recovered about half as local fundies scramble for Sag7 hedges. Oil pumped and dumped, forgetting that the quickest way to end this war is to deliver an energy shock to the Trump TACO. Gold printed a terrifying

The post Australian dollar pounded by missiles appeared first on MacroBusiness.

Mocking a prime minister for wishing Chinese Australians a happy new year says less about foreign policy than about how national identity is being weaponised in domestic politics.

Multiple commanders across all branches of the US military have offered a fundamentalist Christian explanation for the attack on Iran, describing President Donald Trump as the harbinger of the Second Coming and the conflict itself as a “signal fire”for Armageddon, the Military Religious Freedom Foundation (MRFF) has reported.

Donald Trump and his national security team continue to push the narrative that the US is dominating Iran and that it is only a matter of time before Iran crumbles in the face of the might of the US military. Iran, apparently, has not received that memo and is pursuing its own course of action. We are now entering the fourth day of this unprovoked attack by Israel and the US and Iran shows no sign of weakening.

Another big battery proposal heads to Queensland planning purgatory following requests to call in the project from local council and community.

The post Queensland LNP adds four-hour Bundaberg big battery to proposed call-in list appeared first on Renew Economy.

Within hours of the US launching ‘Operation Epic Fury’ against Iran, Tehran’s forces unleashed retaliatory strikes against American military bases in the Middle East, killing four US troops and destroying billions of dollars’ worth of equipment.

Reducing oil dependence and boosting renewables and electric transport is often framed as climate policy. But it is also vital to energy security and national security.

The post Strikes on Iran show why quitting fossil fuels is more important than ever appeared first on Renew Economy.

The Australian National University (ANU) is one of the nation’s key purveyors of immigration propaganda. Propagandists like “Dr Demography” Liz Allen are regular mouthpieces on the pro-Big Australia migration circuit, as are the ANU Migration Hub’s Peter McDonald and Alan Gamlen. Jill Sheppard, a senior lecturer at the ANU School of Politics and International Relations,

charts from TME. Both skew and volatility are suggesting bearish pressure on stocks. Skew is especially bearish. Yet we refuse to fall. It’s the same for NDX. CDX, which is an index of credit default swaps, is also showing plenty of pressure. This is not bearish. Bond volatility is likewise beginning to MOVE, another bearish

The post Stocks do the opposite appeared first on MacroBusiness.

Yesterday’s job ads data made for confused reading for the RBA. Job ads are rebounding strongly. After a robust 5.2% m/m increase in January, Indeed Australian Job Ads increased 3.2% m/m in February. The series has reached its greatest level since October 2024, with monthly gains since then. This increase in Job Ads occurs at

The post Job market signals trigger RBA appeared first on MacroBusiness.

Perhaps the worst publication in Australia (and that’s saying something), Crikey, today lauds the arrival of Canadian PM Mark Carney. “Prime Minister Carney’s visit is an opportunity to further strengthen cooperation on investment, economic security and critical minerals, defence, and links between our institutions and communities,” Prime Minister Anthony Albanese said last month. Carney’s visit comes

The post The bonfire of Mark Carney appeared first on MacroBusiness.

Nominations were declared yesterday afternoon for South Australia’s 47 House of Assembly seats as well as the Legislative Council contest.

There was a very large increase in candidates compared to the last election, and well in excess of the previous record.

388 candidates have nominated for the House of Assembly. This is a big increase on the 240 who ran in 2022. The previous record was 302 candidates in 2002, so that record has been well and truly beaten. There are 8.3 candidates per seat on average.