Blogotariat

There’s been a lot of talk about expanding the size of Australia’s federal parliament in the last few years. Some of us have been talking about this for a lot longer, but it has seemed feasible since Labor took power in 2022.

The ferrous complex continues its great levitation. At least, iron ore does. Steel is stuffed. Ask yourself, why are steel prices tumbling when production is shut in for Beijing’s warmongering parade? Too much steel, with more coming when the parade ends, as the last of the margin expansion of the past few months is devoured.

The post Iron ore bears gather appeared first on MacroBusiness.

This week, the Albanese government announced that the permanent migrant intake would remain at 185,000 places in 2025-26, with 132,200 places set aside for ‘skilled migrants’. When the 20,000 humanitarian intake and 3,000 Pacific Engagement Visas are added, Australia’s permanent migrant intake has effectively been set at 208,000. It is important to point out that,

Overnight saw the USD fall back as the latest jobs opening and Fed Beige Book painted a further slowing picture of the US economy as the Trump regime’s sales taxes, grift and general lack of ability in operating a modern government continue to take a hold. Wall Street liked it nonetheless as did bond markets

The post Macro Morning appeared first on MacroBusiness.

Russian presidential aide Yury Ushakov said on Wednesday he hoped US President Donald Trump was joking when he suggested the leaders of Russia, China, and North Korea were “conspiring” against Washington.

Trump posted the claim on Truth Social during a military parade in Beijing marking the World War II victory over Japan. Russian President Vladimir Putin was in attendance alongside Chinese leader Xi Jinping and North Korea’s Kim Jong-un. 

Manufacturers of frames, junction boxes, deployment technologies and other critical PV supply chain components will vie for a share of round 2 Solar Sunshot funding.

A single abandoned gas bore in Queensland is emitting as much methane as the equivalent of 10,000 cars a year. And there are 130,000 of these bore holes.

Asian share markets are seeing a broad selloff as the riskoff mood in the wake of bond sales continues to dominate the marketplace as we await Friday’s NFP print from the US. The USD is lifting slightly after being against a wall of selling against the majors but all eyes on are US Treasuries as

The post Macro Afternoon appeared first on MacroBusiness.

Developers and investors are warning that if Queensland wants any clean energy investment at all, it must stop randomly cancelling projects.

Danny criticizes U.S. and Western policy toward Russia and Ukraine, framing it as unrealistic "script-writing" divorced from battlefield realities.

Kaya Callis praised Trump’s diplomacy but argued Putin rejects peace, insisting Russia seeks war.

The speaker counters that Russia has offered peace on its own terms, while the West demands concessions from a weaker position it would never accept if roles were reversed.

New Zealand’s economy and housing market remain in a funk. As illustrated below by Justin Fabo from Antipodean Macro, the Reserve Bank of New Zealand’s Kiwi-GDP nowcasting model suggests that the nation’s GDP may have declined in Q2 2025 by 0.3%. New Zealand’s labour market is also suffering its weakest conditions in a decade outside

The post New Zealand desperately tries to reignite house prices appeared first on MacroBusiness.

The Aussie economy has passed the zenith of its historic government spending splurge as public investment peaks, according to Westpac. Today’s data showed that public investment was the primary drag. As the pipeline of public investment projects turns lower, this is feeding through into weaker activity. This quarter new public investment declined 3.4%qtr to be

The post Aussie growth craters with government spending appeared first on MacroBusiness.