Blogotariat

Earlier this year, CBA released data showing how Australians over 60 drove consumption spending across the Australian economy. As illustrated in the following chart, Australians aged 60 and over increased their spending by more than CPI inflation in the year to March 2024, whereas Australians aged under 60 cut their spending in real terms: Younger

The post Baby boomers are driving the economy appeared first on MacroBusiness.

Texas has around the same population as Australia and double the grid consumption. And it's been able to add renewables and storage at a rate Australia would envy.

An interview with The Ink, about where we are, how we got here and where we need to go.

George Monbiot, interviewed by The Ink, 9th July 2024

TI: Can you walk us through how you define neoliberalism” — the “Invisible Doctrine” of the book’s title. And of “capitalism,” for that matter?

Asian share markets all not quite in bath of blood territory but risk is spooked out there as traders weigh up a slowing down China amid a politically charged US and Europe not inspiring confidence either. There could be some upside tonight with better expected earnings for tech stocks for Wall Street, but that remains

The post Macro Afternoon appeared first on MacroBusiness.

The collapse of Bonza Aviation was sudden but not unexpected. While most start-up airlines in Australia fail, Bonza’s demise raises questions about why and who was behind it. Matt Prescott with the story.

Virtual power plants, community batteries and flexible industrial loads could soon compete directly with coal and gas plants and big batteries, as part of proposed rule change that promises to slash the energy costs.

Fortescue starts production from its first solar farm as it insists its "real zero" target by 2030 remains on track, despite the timeline shifting on its green hydrogen plans.

Oxfam Australia Media Release The richest 1 per cent have amassed $42 trillion in new wealth over the past decade, nearly 34 times more than the entire bottom 50 per cent of the world’s population, according to new analysis by Oxfam today ahead of the third meeting of G20 Finance Ministers and Central Bank Governors…

CoreLogic released its final auction results for last weekend, the most notable aspect of which was the collapse in Melbourne’s clearance rate to only Melbourne’s final auction clearance rate slumped to 57.2%, the second lowest so far this year, behind the week ending 9th June (55.6%). This is just the second time all year that

The post Melbourne’s housing market tanks appeared first on MacroBusiness.

There was a big drop in tech stocks last night coupled with a number of reports circulating the blogosphere about how AI is a bust. The combination is worth reviewing – is this an opportunity to reload on technology stocks, or is it a pin in the bubble? Can’t make it to the live series? Catch

The post MB Fund Podcast: Is AI A Bust After All? appeared first on MacroBusiness.

The Productivity Commission (PC) has released its latest Trade & Assistance Review, which warns that the Albanese government’s $22.7 billion “Future Made in Australia” (FMIA) subsidies for low-emissions manufacturing are a new form of protectionism that risks degrading Australia’s future productivity growth and living standards. The PC explains the FMIA policy as follows: “Much of

ANZ has released research showing that a large number of Kiwis are moving to Australia for better job opportunities. “The labour market is slowing much faster in New Zealand, with the unemployment rate up 1.1ppt since its post-COVID trough”, noted ANZ senior economist Blair Chapman. “In Australia, the unemployment rate has only increased by 0.6ppt since

The post Jobless Kiwis escape to Australia appeared first on MacroBusiness.

Goldman on the stock correction. Next week 40% of the S&P 500 market capitalization reports with Planet Earth’s most important companies. 4 of the 7 generals report next week and the bar and stakes could not be higher. Source: Goldman Sachs I am not buying this dip and hedging downside is gaining traction… These are

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