Blogotariat

The Senate hearings on information integrity on climate and energy reveal how deeply divided the debate has become about renewables. The ANU's Professor Sara Bice explains the key role of strong regulation.

Australia’s population grew by an extraordinary 8.5 million (45%) over the first 25 years of this century, far exceeding the population growth of other advanced nations. Over the four years from Q1 2021 to Q1 2025, Australia’s population grew by an estraordinary 1.88 million (7.9%)—equivalent to adding an Adelaide and Hobart to the nation’s population.

The post Australia’s endless skills shortage ‘whack-a-mole’ appeared first on MacroBusiness.

Transgrid confirms that missed deadlines have already resulted in a cut in overall payments to Waratah Super Battery owner. Further cuts are expected from new delays.

Amid the frenzy of economists calling rate holds and hikes, Westpac is making the most sense today. The bank argues that after a poorer performance in September, employment was stronger than anticipated in October, resulting in growth on a three-month average that was about ½ppt slower than it was six months prior. Moreover, the unemployment

The post Aussie unemployment is still rising appeared first on MacroBusiness.

The Market Ear on when things fall apart. Lower high SPX may be carving out a lower high, not a bullish look. 6800 is the key short-term support in futures; lose that and you’re into the channel lows and 50-day near 6750, with the big 6700 zone right below. Source: LSEG Workspace Momentum loss NASDAQ

The post Things fall apart appeared first on MacroBusiness.

There has been a great deal of focus this week on the events of the Dismissal of Gough Whitlam’s Labor government, fifty years ago last Tuesday.

I have been particularly drawn to examining how the role of the Senate has changed since 1975, but also throughout the history of the federation. Changes in electoral systems, the size of the Parliament and a fragmenting party system has produced a Senate quite different to the one that blocked supply in 1975.

In October, Chinese banks made 220bn yuan in new loans, a sharp decline from 1.29 trillion yuan in September. Compared to a year ago, the flow of loans increased 6.5%, a record low. Under the hood, corporate loans fell to 350bn yuan from 1.22 trillion yuan, while household loans, including mortgages, shrank by 360bn yuan

The post Chinese credit hits the skids appeared first on MacroBusiness.

Ukraine corruption scandal puts top figures under scrutiny

The corruption scandal is fast becoming Ukraine's most significant government crisis since Russia's invasion in 2022.

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Wall Street had a very rough session overnight as the AI bubble seemed to show signs of instability with domestic economic concerns following the US government shutdown. Tech stocks led the selloff but it extended across all risk markets although currency markets remained largely on their individual trends as the Australian dollar pulled back after

The post Macro Morning appeared first on MacroBusiness.

Irina Slav from OilPrice.com summarised Wood Mackenzie’s Energy Transition Outlook 2025-26 as follows: Global demand for crude oil is projected to continue increasing until at least 2032, indicating that the world is significantly off track in meeting its Paris Agreement goals. Despite trillions of dollars invested in the energy transition, fossil fuels—oil, coal, and natural

The post The energy transition is failing appeared first on MacroBusiness.

Federal approval sought for new big battery project proposed for the Upper Hunter region in NSW.

A somewhat mixed day for Asian stock markets without a clear lead from Wall Street overnight although this might clear up as the Trump regime turns the lights back on in the US government. Today’s local unemployment print saw the Australian dollar soar higher on the strong result with local stocks pushed lower as the

The post Macro Afternoon appeared first on MacroBusiness.

Senators press anti-renewables group, represented by Chris Uhlmann, on whether it had been spreading inaccurate claims, and where it got its money.