Blogotariat

Independent economist Tony Alexander argues in a new report that New Zealand’s three-decade, investor-driven house price boom is over. Average house price growth has structurally slowed, investor participation has fallen, and the psychological “must buy now” pressure that dominated since the mid‑1990s has dissipated. Alexander believes that housing will still rise over time, but at

Since the COVID-19 lockdowns began in Australia in March 2020, housing prices in the country’s largest cities have grown at dramatically different rates. As shown below using PropTrack data, home values in Brisbane, Perth, and Adelaide have roughly doubled, whereas values in Sydney and Melbourne have grown at significantly slower rates. According to Cotality’s daily

The post The true drivers of Australian house prices appeared first on MacroBusiness.

Nasdaq is enjoying a bearish 50/100 bearish cross. It wasn’t pretty the last time this happened. Amazingly, the NTM PE on Info TEch is now the same as Staples. When dealer gamma is negative like this, indicating the market is short, the market makers buy as prices  rise and sell if they fall, raising volatility.

The post Sagnificent 7 hits the skids appeared first on MacroBusiness.

Société Générale has weighed in on the forthcoming surge in global LNG supply. SG argues that an increase in the supply of LNG basically makes the world’s gas markets more connected. The US, European, and Asian (JKM) gas markets are all in the same hemisphere, so their seasonal patterns are pretty much the same. For

The post More on the monster global gas glut appeared first on MacroBusiness.

Universities Australia (UA) has published its pre-budget submission, which repeats the lie that international education is “a $52 billion export engine” and “one of Australia’s biggest money-makers”. This fantastical $52 billion education export figure comes from the Australian Bureau of Statistics (ABS) and is wildly exaggerated because it does not subtract money earned and then

By Salvatore Babones It’s back to school this week for most of Australia’s 1.5 million university students—and back to Canberra for Australia’s top 1000 education bureaucrats. Universities Australia is holding its annual Solutions Summit this week in Canberra. The jamboree kicks off today with a session on “Putting First Nations at the heart of higher

MOSCOW (Sputnik) - UK Defense Secretary John Healey said that he wants to be the first in the role to send British troops to Ukraine.

"I want to be the Defence Secretary who deploys British troops to Ukraine – because this will mean that this war is finally over," Healey wrote in a comment published in the Telegraph newspaper on Saturday.

Plans to develop a 300 MW wind farm in Central Tasmania have approved by the federal environment minister, after nearly seven years in the EPBC queue.

The post Contested Tasmania wind project secures federal green tick after six-plus years in EPBC queue appeared first on Renew Economy.

The 900MW project made it almost all the way through the federal environmental assessment process, but pulled up stumps before seeking state planning permits.

The post Developer dumps 166-turbine wind project proposed for Queensland’s Whitsunday region appeared first on Renew Economy.

If the shareholders in network monopolies aren’t prepared to wear the core and highly obvious risks associated with their business, why did we privatise these things in the first place? 

The post Transgrid’s latest cost blowout raises a key question: What was the point of privatising energy networks? appeared first on Renew Economy.

I only recently discovered that, like Cory Bernardi in early 20171, Gerard Rennick had been dumped from a winnable seat in the Senate, and had got the hump and attempted, also like Bernardi, unsuccessfully to set up his own party, to try to hang onto his political ‘career’. Rennick, the Queensland Liberal National Party (LNP) senator was dumped from a winnable spot on the party’s Queensland ticket in July 2023 in a preselection punch up. Senators Paul Scarr and Susan McDonald were preselected, as expected, in the top two spots. After a close vote, the third spot went to Stuart Fraser, a Brisbane businessman and party treasurer.

The International Monetary Fund (IMF), one of the chief instruments of global capital, has been calling on China for some time to reorient its economic policies and reduce its reliance on exports, with the implied threat there will be retaliation from other major powers if it does not do so.

IMF calls on China to restructure its economy

by Nick Beams