Blogotariat

I have been bullish on gold for a few years, but my view has recently pivoted to “sell the rips”. My reasoning for this is that the drivers of the gold rally have been materially weakened in recent weeks. First, we had the appointment of Kevin Warsh as the successor to the FOMC chair. He

The post A goldmine of gold charts appeared first on MacroBusiness.

The federal government’s latest State of the Environment (SOE) Report explicitly ranked population growth as having a “very high impact” on Australia’s biodiversity, outranking climate change. The report states that “population growth contributes to all the pressures described” and that “each person added to our population increases demand on natural resources to provide food, shelter

A day after announced full commercial operation of its Supernode battery in Brisbane, Quinbrook has submitted plans for Supernode North to the EPBC.

The post Quinbrook gets cracking on federal approvals for second huge Supernode batttery appeared first on Renew Economy.

Because a banker said it, the AFR reckons it must be true! National Australia Bank chief executive Andrew Irvine has warned that the nation has hit “peak Australia” and will not grow unless productivity improves, as data revealed real wages have gone backwards for the first time in two years, intensifying the economic challenge facing

The post Banker calls for peak banker appeared first on MacroBusiness.

Soaring energy costs have contributed to Australia’s declining manufacturing sector, which is the smallest in the OECD as a share of GDP. Alex Joiner, chief economist at IFM Investors, illustrated the manufacturing sector’s energy problem in the following chart: Natural gas input costs in manufacturing have increased by 186% since 2000, while electricity prices have

In a social media post late last year, Housing Minister Clare O’Neil claimed: “Why is housing so tough right now? Because for 40 years our country hasn’t been building enough homes.” But is that actually true? Today’s Numbers It’s certainly correct that Australia is currently not building enough homes and hasn’t been for quite some

The post Busting Albo’s housing myths appeared first on MacroBusiness.

By Rami Amichai TEL AVIV (Reuters) Tue, May 13, 2014 — Israel's ex-prime minister Ehud Olmert was sentenced to six years in jail on Tuesday [for taking bribes in a real estate deal, a crime the judge said was akin to treason. The first criminal conviction of a former Israeli head of government all but ended speculation that Olmert - a centrist credited internationally with working towards a peace settlement with the Palestinians - might return to political life.

It’s a lot of motherhood statements so far, but they are good ones, at least. “Tiny” Tim Wilson has given us a sort of philosophy. Mr Wilson flagged plans for a two-tier system of company taxes and regulations that provided a more generous environment for small business owners. “I’m looking exclusively at how it is

The post Tiny and Andrew offer their vision appeared first on MacroBusiness.

Since 1945, one country has carried out a conventional military buildup unmatched in scale, cost and global reach. Claims about recent rivals distract from the historical record of how modern military dominance was built.

Russia’s stance that the Ukraine conflict can only be resolved if its root causes are addressed is “s**t,” Vladimir Zelensky has said.

The Ukrainian leader is increasingly using profanities in public statements and insulting those who disagree with his policies.

Expensive gas is not viable for Whyalla Steelworks, in the interim or the long-term. If we’re going to do massive subsidies, let’s at least back the best solution for a decarbonising world.

The post If green iron is the future for Whyalla Steelworks, locking in costly and dirty gas is a dead end appeared first on Renew Economy.

Alcoa has been given the green light to clear more Australian forest after being fined for stripping land for bauxite mining without the right approvals.

The post Alcoa fined $55 billion for illegal forest clearing, gets green light to clear more Jarrah trees appeared first on Renew Economy.

Talk about exquisitely bad timing. On Friday, the federal Liberal Party’s latest leadership spill – a mere nine months after the last one – showed the ability of the members of the federal parliamentary party to lose their heads when all about were keeping theirs.

The result, as history recorded, was Angus Taylor defeating leader Sussan Ley 34-17.