Blogotariat

Whyalla steelworks should be placed into public ownership and turned into a global showcase for green iron and steel production, a new report says.

SQM Research released its rental vacancy rate for May, which fell 0.1% over the month to a historically low 1.2% nationally—the same level as last year. While all markets are tight, Sydney (1.5%) and Melbourne (1.5%) have significantly higher vacancy rates than the other capital cities, which are all tracking below 1.0%. Nationally, the rental

The post Australia’s rental crisis is ongoing appeared first on MacroBusiness.

The first bursts of renewable electricity are being sent to the grid from a wind farm in Queensland, as the process of energisation and commissioning gets underway.

An autumnal weather flip has seen solar performance diverge sharply across Australia’s grid, demonstrating the role seasonal variability will play in the energy transition.

The decision by the United States to initiate a review of the AUKUS agreement might very well be the moment Washington saves Australia from itself. Saving us from the most poorly conceived defence procurement program ever adopted by an Australian Government.

Paul Keating

AUKUS: America saving us from ourselves

ABOUT 257 PEOPLE WILL SEE THIS CARTOON BY THE END OF THE DECADE... MORE THAN 2,417,871 WILL HAVE WATCHED DAVE RUBIN LAUD LOMBORG BY THE END OF THE DAY, BECAUSE DAVE HATES THE CONCEPT OF DANGEROUS GLOBAL WARMING... WE KNOW...

read more

Annus horribilis is a Latin phrase that means “horrible year”. While it was initially used in the year 1891 in an Anglican publication to describe 1870, the year in which the dogma of papal infallibility was defined in the Catholic Church.

The expression was brought to prominence more recently by Queen Elizabeth II in a speech at Guildhall on 24 November 1992, in describing her year. She said: “1992 is not a year on which I shall look back with undiluted pleasure. In the words of one of my more sympathetic correspondents, it has turned out to be an annus horribilis.”1

Middle East tensions are dominating risk taking here in Asia with most share markets finishing in the red, not helped by what looks like a “non-deal” deal from the ongoing US/China talks, regardless of what the Trump regime claim has come to pass. The USD continues to fall against the majors despite a very tame

The post Macro Afternoon appeared first on MacroBusiness.

US Secretary of State Marco Rubio has congratulated Russians on Russia Day and stressed his commitment to building constructive relations with Moscow for peace with Ukraine.

Updates on how the federal home battery rebate will work alongside existing state schemes have stirred a mixed response, particularly from those hoping to double dip. Have we been duped?

Last week’s Q1 national accounts release from the Australian Bureau of Statistics (ABS), revealed that real per capita home consumption has been negative for seven consecutive quarters on an annual basis, down 2.4% from its peak. The fall in household spending occurred despite a 1.8% increase in real per capita household incomes in the year

The post “Scarred” households refuse to spend appeared first on MacroBusiness.

ANZ doesn’t think so. Heightened global trade uncertainty has been driving gold’s rise toward USD3,500/oz. While noise around US tariffs persists,we believe the market will gradually become desensitized to new announcements. As this occurs, macro economic data are likely to take over as the primary catalyst. Market expectations of the level of US tariffs have

The post Gold exhausted? appeared first on MacroBusiness.