Blogotariat

DXY is falling, while Chinese PMIs are improving, but iron ore is moribund. Steel demand and production are both falling at the expected 2-3% rate. Canberra has finally discovered the Pilbara killer, via the Office of the Chief Economist: And downgraded prices accordingly. The outlook for world steel production has softened due to increased trade

The post Iron ore struggles to the cliff appeared first on MacroBusiness.

DXY is breaking down. The unusually subdued AUD rally continues. Lead boots plodding along. Gold shaky, signalling DXY last leg down? Metals flamed out. The big bear rolls on. EM yawn. Junk leading the rally is bullish. Yields still easing. Stocks only go up. In my view, this is the last leg down for DXY,

The post Australian dollar takes the long way to the moon appeared first on MacroBusiness.

Methinks that Allan Patience is naive and over-optimistic… He gives the game away when he writes:

“He is an Australian version of America’s Pete Buttigieg”. Oh boy! Pete Buttigieg was as efficient a Transport Supremo as a dead toad can be used for a road-block. We had high hopes about Pete, but we soon discovered he could not run an outback dunny tipping plate, as customers went for the bushes.

Ben was joined by Tasmanian political observer Mike Lester to look at the state of the campaign and the announcement of candidates for the Tasmanian state election. We particularly look into the Tasmanian Nationals and the shadow-boxing around who takes the blame for the calling of the election and who has the best prospect of forming a majority government.

Chris Bowen has unveiled a review of Australian gas market regulations, which he says will make sure the energy sources is made more available to users.

Israel is doing a damn fine imitation of Lt. Frank Drebin, a character played by Leslie Nielsen in the 1988 comedy film The Naked Gun: From the Files of Police Squad! In an iconic scene, Lt. Drebin stands in front of a fireworks explosion and chaos while trying to calm the crowd by saying:

“Nothing to see here, please disperse! Nothing to see here!”

Two of Denmark's oldest offshore wind farms get life extensions - one for another 25 years, taking its total operating life to half a century.

Australia does have a credible zero-carbon steel opportunity, and rests on three different processes. But it does not revolve around hydrogen.

Australia's decision makers are letting off carbon bombs, dressing up as Elvis and are not even bothered to ratify a crucial high seas treaty. What hope do we have?

Three weeks ago, the Chinese government and the Trump administration came to a very rough agreement on trade, tariffs, and the supply of vital materials each side respectively controlled. While the agreement was likely more of a temporary ceasefire in the trade rather than a more meaningful long-term armistice, it was meant to restore the

The post China throttles supplies of vital materials to U.S economy appeared first on MacroBusiness.

Stanwell, the lead partner of the CQ-H2 consortium, is out of the green hydrogen project, following two other partners out the door.

Treasurer Jim “chicken” Chalmers loves to pose as a reformer of great reknown but is just another cookie-cut Canberra immigration sodomite. Jim Chalmers has issued a plea for a new era of “collaboration and compromise” from politicians, unions and business ­leaders, ­declaring a generational ­approach from all parties is ­needed to secure economic ­reforms that

The post Aussie chickens gather to hatch productivity appeared first on MacroBusiness.

As Australia’s mediocre media cheers another entirely predictable “shock” better than expected budget balance, a glance beyond our nose tells us that something much messier is squeezing down the pipe at speed. First, the good news. Westpac. While expenses are lower than profiled, higher than expected tax revenue drove much of the significant improvement in

The post Aussie bedpan economy about to make a big mess appeared first on MacroBusiness.