Blogotariat

The great baseball legend and jokester Yogi Berra once quipped that a restaurant had become so crowded that nobody goes there anymore. Here’s a version for today: young people in America have such dismal economic prospects that they spend more money than ever.

The EU’s determination to further fund Kiev’s military and prop up its imploding economy has been presented as a kind of victory. “Europe has delivered,” German Chancellor Friedrich Merz proclaimed, in celebration of a new cash facility for Kiev.

A better finish for Asian share markets in response to a bounce on Wall Street overnight as a softer than expected CPI print was balanced by more evidence of a softening labour market as the US economy slows down due to the Trump regime’s well – “point at everything”…. The BOJ meeting today resulted in

The post Macro Afternoon appeared first on MacroBusiness.

A hot mid-week day placed Australia’s main grid, the National Electricity Market, under clear operational stress on Thursday, particularly in New South Wales where LOR3 and RERT market notices were issued. At the same time, near-record demand created an important window into how much renewable capacity is available across the system when load is high […]

ABC News reported that Australians are flocking to cheap retailers like Temu, Shein, and Amazon, which combine ultra-cheap products with fast delivery. However, their success is putting pressure on traditional brick‑and‑mortar retailers, which are struggling to compete. In particular, online giants can undercut prices due to lower overheads, making it difficult for smaller shops to

Below is an excellent satire post from MB reader Erin Rolandsen, CEO of Angelassist and author of beyondtheragemachine.substack.com:  With Christmas approaching, many parents are once again facing the annual dilemma: What gift best prepares my child for the world they are inheriting? Toys that encourage imagination? Books that inspire curiosity? Or perhaps something more realistic. This year, why

One of Australia's biggest proposed pumped hydro projects has been given a federal green tick to undertake exploratory works in Queensland's Gympie region.

The post Huge Queensland pumped hydro project gets federal green tick to begin stage one works appeared first on Renew Economy.

The world's biggest isolated grid, in Western Australia, is currently the most gas dependent in the country, but this share will decline rapidly even after the exit of coal.

The post Gas power faces rapid decline in world’s biggest isolated grid, even after exit of coal, as batteries hold court appeared first on Renew Economy.

The Suburban Rail Loop (SRL) proposed by the Victorian government was opposed by almost all infrastructure experts due to its high cost, lack of a business case, failure to pass any objective cost-benefit analysis, and inability to generate sufficient customer demand. For instance, the SRL East and North parts have a benefit-cost ratio (BCR) of

The post Feds bailout Victoria’s SRL train to nowhere appeared first on MacroBusiness.

A paradoxically unvolatile session overnight as Wall Street bounced back on a surprise downside print in US inflation while the ECB and BOE held fire on interest rate rises all of which barely moved currency markets. Asian share markets should expect a boost in the final full volume trading session before the Xmas break with

The post Macro Morning appeared first on MacroBusiness.

Market operator turns to country's most powerful battery to guarantee supplies with one third of the NSW coal fleet offline in the middle of a heatwave.

The post Australia’s most powerful battery put on standby to prevent blackouts with four big coal units offline appeared first on Renew Economy.

From the Market Ear: SOX – from sexy to soggy Over the weekend we flagged the risk of a massive SOX double top. Today, that risk is starting to materialise. SOX is slicing through the 50-day and slamming into its longer-term trend line. Lose this level and the downside gets ugly fast, with the 200-day

The post Semiconductor index breaks at worst possible time appeared first on MacroBusiness.