Blogotariat

UNSW Media Release Australia’s rising cost of living is squeezing household budgets, and with high fuel prices and public transport costs increasing, many Australians face the reality that the expense of commuting to work may no longer be financially sustainable. The Australian Commute report showed that the average daily cost for an Australian to get to and…

The post Can you afford to travel to work? appeared first on The AIM Network.

The latest housing construction data from the Australian Bureau of Statistics (ABS) is a disaster. Only 37,200 homes commenced in the December quarter in trend terms, the worst quarterly result since June 2012. This gives an annual run rate of 148,800, around 91,000 below the Albanese government’s construction target of 240,000 homes annually. Dwelling approvals

The post HIA sounds housing alarm appeared first on MacroBusiness.

The truth of climate change is in the record heat, the flooding, the choking smoke, the red sky burning. Yet the fossil fuel companies tell us we can’t live without them.

Battery storage becomes biggest supplier to California's grid in evening peak for first time.

The post Battery storage becomes biggest source of supply in evening peak in one of world’s biggest grids appeared first on RenewEconomy.

The trade war is back: The new tariffs Biden is pushing — meant to shore up the American steel sector and court its workers — would impose 25% levies on certain Chinese steel and aluminum products. They would be applied as part of an ongoing review, while the US also launches a formal probe into

The post US steel tariffs another blow to iron ore appeared first on MacroBusiness.

The latest on the correction from The Market Ear. Fear vs SPX Lot of fear across various indicators, but things haven’t really spilled over to equities…yet. Macromicro Retail not panicking Morgan Stanley on Retail action for the sell-off Monday: “In terms of flow, MS QDS team notes that retail is pulling back a little on

The post Not enough panic…yet appeared first on MacroBusiness.

The USD finally moved lower after a week of strength on the back of war jitters across the Middle East, but Wall Street still fell back as Fedspeak overnight again highlighted inflationary fears.  Asian stock markets are likely to start in the red again today because of the risk off mood with the Australian dollar

The post Macro Morning appeared first on MacroBusiness.

Victoria energy minister says government making good progress towards first offshore wind auction, despite port infrastructure setback.

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The United States, having learnt nothing from the 20th Century, is, quite characteristically, spoiling for a fight with one of the great success stories of our time, China, on the basis of nothing more than a doltishly unfounded fear of this success and an ever so faintly emerging spectre of American fragility. A Fragility across not only its military and political power, but, as well, across its bellicose and tottering brand of democracy.

In early April, CISA steel output data fell away as the Q2 peak season was supposed to ramp it up. There is no trend to suggest increases, either: Nor did steel stockpiles move much, down a meager 0.9%. This is flat year on year, despite output being 9% lower. This continues the rate of descent

The post Iron ore goes loony appeared first on MacroBusiness.

Economists have raised concern that stronger-than-expected US inflation figures could mean local prices continue to rise, delaying the path to interest rate cuts. HSBC’s chief economist for Australia, Paul Bloxham, also warned that Australia was lagging behind the US on productivity, which would keep inflation elevated and delay rate cuts until early 2025. “There’s another

The post AMP hoses Aussie inflation hysteria appeared first on MacroBusiness.