Blogotariat

At last, MB is not alone in telling the truth. It began earlier this week with the nation’s leading macro team, led by the excellent Gareth Aird at CBA. when he wrote: …incredibly strong net overseas immigration has put upward pressure on some components of the CPI basket. This has made the RBA’s task of

The post Economists revolt against Albo’s immigration lunacy appeared first on MacroBusiness.

International Reads: Jerome Powell has had it with the 1970s talk, saying he doesn’t see the ‘stag’ or the ‘-flation’ investors are worried about – Fortune The surprising reason few Americans are getting chips jobs now.  – Washington Post Wall Street Has Spent Billions Buying Homes. A Crackdown Is Looming. – WSJ Media outlets are

The post Weekend reading and MB media appearances appeared first on MacroBusiness.

As Brazil, the Middle East and Africa position themselves to lead the green iron race, Australia is at a fork in the road.

Arena backs project to help commercial and industrial businesses realise their demand response potential and identify megawatts of flexible capacity. 

Victoria energy minister Lily D'Ambrosio on the first offshore project studies, the SEC, and getting a fair share of the Capacity Investment Scheme. Plus: Eraring's future and big batteries take centre stage.

In an interview with Sky News’ Danica De Giorgio, I explain why the latest collapse in retail sales means that the Reserve Bank of Australia (RBA) will be highly reluctant to lift interest rates further. Edited Transcript: A week ago, all the talk was about the higher-than-expected inflation figure, which could potentially lead to another

The post Stretched Aussies pull handbrake on spending appeared first on MacroBusiness.

Australia’s international trade in goods position weakened in March, reaching a three-year low of $5.0bn, below the market’s median expectation of $7.3bn. The narrowing surplus was driven by a 4.2% gain in imports. Export earnings rose 0.1% in March, with rural goods being 2.8% higher. However, a more than 5% drop in commodity prices impacted

The post Australia’s China dependence shrinks despite Albo cringe appeared first on MacroBusiness.

Former Australian foreign minister Bob Carr plans to sue New Zealand Deputy Prime Minister Winston Peters over controversial remarks made on radio during a recent debate over the Advanced Nuclear Weapons Enhanced Cooperation (AUKUS) pact. Peters was interviewed about New Zealand’s position on AUKUS and accused Carr of closeness with China. The comments were not

The post Bob Carr sues Winston Peters over China appeared first on MacroBusiness.

Say what you will about Pauline Hanson’s One Nation. However, Pauline Hanson’s Please Explain is the best political satire in the country. In the latest instalment, Please Explain argues that Prime Minister Anthony Albanese is addicted to immigration. Immigration Junkies | Pauline Hanson’s Please Explain Admitting you have a problem is the first step to

The post Open borders Albo is addicted to immigration appeared first on MacroBusiness.

The Albanese government has set a five-year goal of building 1.2 million homes, commencing on July 1 of this year. To reach this goal, Australia needs to build 60,000 homes per quarter, or 240,000 dwellings every year for five years in a row. The following chart compares Labor’s housing target with Australia’s historical dwelling completions:

The post Australian home builders kneecapped by hyperinflation appeared first on MacroBusiness.

By Stephen Saunders Albanese’s population and environment policies riff on UN policy. His Made in Australia launch seems to propose a similar template for industry. For an arid continent in the far south seas, it’s a staggering policy distortion. There were probably one million migrants, net, in two years of government. This is about 350,000

DXY is fading again: AUD firmed gain: JPY shorts are getting squeezed: The oil headfake is over: Taking down metals: Miners eked out gins with stocks: EM is poised for breakout: Junk is stabilising: Yields rolled”: Giving life to stocks: A sequence of events has taken the wind out of the “no landing” panic sails

The post Australian dollar rebounds as “no landing” evaporates appeared first on MacroBusiness.

Australia's lucrative thermal coal export market is going away quicker than would have been thought possible even 5 years ago. What will take its place?