Blogotariat

My learned colleague, LVO, today argues that wind farms are environmentally destructive. He makes some excellent points about their ecological footprint in land-clearing practices. I would only counter by saying that most of Australia’s best wind resources are in pretty remote regions. This raises the question of whether the wind resources will remain sufficient given

Renew Economy reported on Andrew (Twiggy) Forrest’s 414-megawatt (MW) Uungula Wind Farm, which has begun pouring concrete foundations for 69 turbines: “Squadron—controlled by iron ore billionaire and green energy evangelist Andrew Forrest—revealed that 11 foundations had already been poured, with foundation anchor cages currently being assembled in preparation for reinforcing steel installation and further concrete

DXY copped it last night on a swath of bad data. AUD rose, but in the circumstances, it was pretty subdued. CNY took off. JPY reversed with yields, but it’s not persuasive yet. Gold up, oil down. AI metals struggled. The chosen one launched. EM too. Junk is back. As yields tumble. Reducing stocks. Bad

The post Australian dollar jumps as US economy stumbles appeared first on MacroBusiness.

Abul Rizvi is a strange guy. He has spent years attacking me and howling “racism” at anybody calling for lower, more sustainable levels of immigration. Yet when pushed, Rizvi often holds similar views. The latest case in point is Rizvi’s hand-wringing over the Albanese government’s failure to control immigration, which he claims empowers extremists. In

The post So, Abul Rizvi also supports lower immigration? appeared first on MacroBusiness.

Overnight solid earnings on tech stocks sent Wall Street higher even though NVIDIA is off somewhat with additional US economic data (or lack thereof due to the Trump regime hiding the bad news) reinforcing the notion that the December rate cut from the Fed is firming, giving a general boost to risk markets. The USD

The post Macro Morning appeared first on MacroBusiness.

Brisbane’s post-pandemic housing boom has trashed affordability for first home buyers and tenants alike. Turning to prices first, Proptrack reports that Brisbane dwelling values have soared by 104% since the beginning of the Covid-19 pandemic in March 2020: The impact on affordability was illustrated in all of its hideous glory in Cotality’s latest housing affordability

London: A deal to end the war in Ukraine has gained more ground in talks to settle deep disputes over land claims and military power, as leaders from the US and Europe claim progress in revising the terms to be put to Russia.

For years one of the most hazardous places to stand was between mining billionaire Andrew Forrest and a microphone. These days the even-wealthier Gina Rinehart is challenging Forrest on visibility and hyperbole.

Jowett and O’Donnell (2012), scholars in the field of political communication and propaganda studies, define propaganda as “the deliberate, systematic attempt to shape perceptions, manipulate cognitions, and direct behaviour to achieve a response that furthers the desired intent of the propagandist.”

Ukraine working with US to look for 'compromises that strengthen, not weaken us,' Zelenskyy says

Ukrainian president Volodymyr Zelenskyy insisted that “the core principle that kept Europe peaceful longer than at any other time in its history must be respected,” as borders should not be changed by force.

Asian equity markets are mixed in today’s session as Japanese markets return with all eyes on talks between China, Japan and USA in recent days but the newsflow and outcome has been vague at best. With the shortened trading week due to US Thanksgiving risk markets are effectively in a holding pattern.  Currency land was

The post Macro Afternoon appeared first on MacroBusiness.

State launches consultation on five draft onshore renewable energy zones (REZs) and one "shoreline" REZ, in final call for fresh feedback from community, industry.