Blogotariat

Oz Blog News Commentary
MacroBusiness Friday, June 13, 2025 - 12:00 Source

The Victorian government has set a delusional target to deliver 95% renewable energy by 2035. These targets are legislated in the Renewable Energy (Jobs and Investment) Act 2017 (Vic), namely: 25% by 2020 (achieved) 40% by 2025 65% by 2030 (previously 50%) 95% by 2035 (new). Victoria’s renewable energy targets overlook the reality that wind

The post Victoria is headed for energy Armageddon appeared first on MacroBusiness.

Read more Views: 97
Your Democracy Friday, June 13, 2025 - 11:40 Source

Britain’s defence secretary, John Healey, walked through oncoming traffic to escape questions about why the UK is still sharing military intelligence with Israel.

Healey told Declassified he had “nothing more to add” about the hundreds of Royal Air Force (RAF) surveillance flights over Gaza.

The flights have continued despite Keir Starmer’s government placing sanctions on two far-right Israeli ministers whose roles include national security and defence.

Read more Views: 80
MacroBusiness Friday, June 13, 2025 - 11:00 Source

For a textbook example of how Australia’s housing affordability debate has been perverted, look no further than the latest Housing Affordability Report from the Bankwest Curtin Economics Centre. Alan Duncan, Director of the Bankwest Curtin Economics Centre, penned an opinion piece in WA Today blaming a lack of supply for Australia’s housing crisis: While interest

Read more Views: 82
Renew Economy Friday, June 13, 2025 - 10:58 Source
Read more Views: 110
Renew Economy Friday, June 13, 2025 - 10:02 Source
Read more Views: 75
MacroBusiness Friday, June 13, 2025 - 10:00 Source

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.

Read more Views: 71
xkcd.com Friday, June 13, 2025 - 10:00 Source

[desperately] Maybe this is from some country where they use commas as decimal points, and also as digit separators after the decimal, and also use random other characters for decoration???

Read more Views: 62
Renew Economy Friday, June 13, 2025 - 09:31 Source
Read more Views: 72
MacroBusiness Friday, June 13, 2025 - 09:00 Source

A stronger than expected US initial jobless claims print  – the third week in a row that was well above expectations – gave bond and currency markets a bit of a shakeup but was overshadowed by increased Iranian tensions with the US and the plainly not-a-deal US-China trade deal. Wall Street still managed to turn

The post Macro Morning appeared first on MacroBusiness.

Read more Views: 79
Renew Economy Friday, June 13, 2025 - 08:18 Source
Read more Views: 58
MacroBusiness Friday, June 13, 2025 - 08:00 Source

I reported on Thursday how an unexpected outage at Victoria’s second-largest coal-fired power station had heightened concerns that colder weather could strain the market and drive up wholesale electricity prices. I noted that the renewables would use the outage as an opportunity to label coal-fired generation “unreliable” and as justification for Labor’s renewables rollout to

Read more Views: 82
Your Democracy Friday, June 13, 2025 - 07:40 Source

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

 

Read more Views: 73
Your Democracy Friday, June 13, 2025 - 07:18 Source

Read more Views: 64
Your Democracy Friday, June 13, 2025 - 06:46 Source

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

Read more Views: 63
MacroBusiness Friday, June 13, 2025 - 00:05 Source

Policymakers are exerting significant pressure on Australians to live in shoebox apartments. Their directive runs counter to the wishes of Australians, who overwhelmingly prefer to live in detached houses. The average price premium of a detached house across Australia’s capital cities was 174% in May, according to PropTrack: Detached houses have also experienced far stronger

Read more Views: 113
THE BLOT REPORT Thursday, June 12, 2025 - 21:15 Source

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

Read more Views: 109
Your Democracy Thursday, June 12, 2025 - 18:22 Source

THE DEMOCRATIC PARTY BRAND HAS TAKEN A FEW NEAR-MORTAL BLOWS... THE JOE BIDEN PRESIDENCY WAS A CATASTROPHE... IT SHOWED THAT THE PARTY WAS RUNNING ON EMPTY WITH A BOGUS PRESIDENT AND VERY UNPOPULAR POLICIES. IT'S GOING TO TAKE A WHILE TO REGAIN THE HIGH MORAL GROUND WITHOUT LOSING THE MIDDLE OF THE POPULACE...

===========

 

Read more Views: 58
MacroBusiness Thursday, June 12, 2025 - 16:30 Source

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.

Read more Views: 100
Your Democracy Thursday, June 12, 2025 - 16:25 Source

Network Ten has axed its long-running current affairs show The Project as part of a major programming overhaul aimed at rebuilding its early evening viewership.

Network president Beverley McGarvey informed staff of the decision in a meeting at the broadcaster’s Melbourne headquarters on Monday.

 

Read more Views: 54
Your Democracy Thursday, June 12, 2025 - 16:11 Source

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.

Read more Views: 52
Renew Economy Thursday, June 12, 2025 - 15:49 Source
Read more Views: 108
Renew Economy Thursday, June 12, 2025 - 15:45 Source

Woodside Energy’s North West Shelf (NWS) gas project Western Australia

Read more Views: 72
Renew Economy Thursday, June 12, 2025 - 15:44 Source
Read more Views: 64
Renew Economy Thursday, June 12, 2025 - 15:18 Source
Read more Views: 72
Renew Economy Thursday, June 12, 2025 - 14:05 Source
Read more Views: 71
MacroBusiness Thursday, June 12, 2025 - 13:30 Source

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.

Read more Views: 68
Renew Economy Thursday, June 12, 2025 - 13:07 Source
Read more Views: 108
MacroBusiness Thursday, June 12, 2025 - 13:00 Source

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.

Read more Views: 77
MacroBusiness Thursday, June 12, 2025 - 12:30 Source

NSW Premier Chris Minns wants to solve Sydney’s housing crisis by accelerating the supply of shoebox apartments. A few weeks back, Minns argued that previous governments had been “timid” due to “the NIMBY [Not In My Backyard] backlash” and claimed the public conversation had shifted to “opening the gates to more urban consolidation and development”. “I

The post Minns is wrong about Sydney’s housing crisis appeared first on MacroBusiness.

Read more Views: 77
MacroBusiness Thursday, June 12, 2025 - 12:05 Source

The biggest narrative in world markets surrounds the US. On one hand, the US economy has been growing strongly, is resilient and has seen significant productivity growth. On the other, it is being assailed by a raft of economic uncertainties, from tariffs, to domestic demand, capital expenditure plans, tourism, higher interest rates, higher wage growth

The post MB Fund Podcast: Economic Tipping Points appeared first on MacroBusiness.

Read more Views: 96

Pages