Blogotariat

Elizabeth Knight is one of Australia’s best economic and business journalists, and she regularly writes informative, perceptive and lucid commentary on markets, the economy, and the actions of the corporate world. Knight is one of very few in the Nine world of whom you can assume you will read something intelligent. Her piece this week,

The post The tragedy of Australian economic commentary appeared first on MacroBusiness.

DXY was stable overnight: AUD was blasted anyway: North Asia carry crashes are back: Oil broke closing technical support: Metals mayhem: Miners mauled: EM at the neckline: Junk hiccupping: Treasury curve through the roof: Stocks through the floor: US jobs were Goldilocks really: Total nonfarm payroll employment increased by 142,000 in August, and the unemployment

The post Australian dollar plunges off recession cliff appeared first on MacroBusiness.

SHFE and SGX were smashed this week: Overnight, Mad Dalian hit another new low: Coking coal is in free fall: Scuttlebutt is still terrible: In August, domestic steel demand weakened further, while steel production decreased, according to CSLPC. Iron ore’s slump comes as the China Iron & Steel Association advised mills against the impulse to

The post Iron ore smashed again as steel heads for Hades appeared first on MacroBusiness.

The resilience of the Russian economy in the face of harsh Western sanctions sent those cheering the rise of multipolarity into victory laps. And it has been a huge embarrassment to the West. But Russia’s burgeoning problem settling payments with China demonstrates that this resilience isn’t without setbacks.

Asian share markets remain uncertain leading up to tonight’s US unemployment print with only local stocks advancing appreciably while currency markets tread water although the USD is starting to soften again. Yen remains on a tear while the Australian dollar remains surprisingly resilient as it extends above the 67 cent level. Oil futures are looking

The post Macro Afternoon appeared first on MacroBusiness.

Monash University The National Cabinet has today agreed to provide $4.7 billion for more services to support the victim-survivors of sexual and family violence. The funding is a joint agreement between federal, state and territory governments. The new proposals include funding for sexual violence services, support for children and young Australians who have witnessed or…

I’ve never sent one of these from the Burger before, but since a few kind people insisted on paying me for this blog, I insist on you giving you a freebie in return.

This is The Javan War, an origin story for Lucinda Hardy, one of the principal characters from The Cruel Stars trilogy. I finished writing the last book in that trilogy nearly one year ago, …

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A raft of big new projects will propel South Australia to its target of 100 per cent net renewables by 2027, showing the world that it can be done with wind, solar and storage.

According to CoreLogic, home values across New Zealand fell by 0.5% in August, with Auckland seeing the biggest decline at 1.0%: On a quarterly basis, dwelling values declined by 2.2% across New Zealand, with falls recorded across all major markets: Home values have fallen 16.8% from their post-Covid peak, with Auckland (-21.8%) and Wellington (-21.5%)

The post Reserve Bank continues to smash house prices appeared first on MacroBusiness.

An award-winning dynamic network pricing trial that started with around 200 participants will expand to 1,000 households via three new virtual power plant partners.

Wayne Swan taught Jim “chicken” Chalmers everything he knows: Former Labor federal treasurer Wayne Swan has backed the government’s attitude towards inflation, saying he is “very disappointed” in the Reserve Bank and it was “punching itself in the face.” Mr Wayne, who was Jim Chalmers‘s boss, slammed the RBA for “hammering households” with interest rates

The post Australia destroyer, Wayne Swan, returns appeared first on MacroBusiness.

While ordinary Australians are suffering through the worst cost-of-living crisis in generations and a record decline in household disposable incomes. The Albanese government is gifting fat salaries to senior public sector bureaucrats. A few months back, incoming Governor-General Sam Mostyn was awarded a 43% pay rise to $709,000 a year to compensate for a lack