Blogotariat

Proposal to help Pacific Islands gt to 100 pct renewables and slack crippling cost of diesel could form key part of partnership with Australia for UN climate conference.

Last week, the Albanese government announced that Australia’s permanent migrant intake would be maintained at the historically high level of 185,000. William Burke, founder of Sustainable Australia Party, argues that the permanent migrant intake is understated by at least 50,000 for the following reasons: “It does not count the annual permanent Humanitarian Program of around

I am bullish but not a buyer here. The Market Ear. “Overboughter” Gold continues exploding higher post the powerful break out of the triangle formation. Note RSI has been marginally higher once since “forever”. Source: LSEG Workspac Zooming out Gold weekly RSI at very overbought levels, but we have seen the shiny metal go into

The post Parabolic gold appeared first on MacroBusiness.

The thing about being a groveller is that you invite being bullied. China has accused Australia and Japan of prvoking tensions in the Asia-Pacific region after their foreign and defence ministers met in Tokyo days after Beijing staged its largest military parade in decades. In an editorial on Monday, the state-run China Daily said the

The post Time for another missile drill off Canberra appeared first on MacroBusiness.

The Westpac credit card tracker is better but not much. During the second part of August, the Tracker Index increased by almost 1 point to close the month at 138.5, which is near the upper end of the range that has been in place since April. The quarterly increase remains slow. Base effects from weather

The post Consumer plods on appeared first on MacroBusiness.

The ferrous complex is very confused as steel prices tumble while iron ore breaks out. The data flow ranges from soft to weak. The latest CISA data for the end of August cratered 8%. Inventories fell 4% so the equilibrium is in the middle. Steel output is down 3.1% year to date and still falling.

The post Iron ore butts ceiling again appeared first on MacroBusiness.

Economists have regularly debated the role of government as a driver of the economy since the Covid-19 pandemic. The most common data point is the contribution of the government to overall economic activity. As the chart below illustrates, over most of the last 40 years, the proportion of GDP derived directly from government generally moved

The post How government took over the economy appeared first on MacroBusiness.

Australians are fed up with the immigration-led economic model. It’s in every poll. Australian Population Research Institute: 54% want lower immigration; Newspoll: 56% want lower immigration; Essential: 54% believe Australia’s population is growing too fast and 64% believe immigration is too high; Lowy: 54% of people think the total number of migrants coming to Australia each year is too

Prime Minister’s are dropping like flies as the French government collapsed overnight, which followed the resignation of Japanese PM Ishiba over the weekend. The market reaction has been contained more or less with traders actually positioning to see how Trump will react on anti-social media to the release of the latest Epstein evidence and try

The post Macro Morning appeared first on MacroBusiness.

Real per capita household disposable income is arguably the most accurate measure of individual living standards. OECD data showed that in the decade to the March quarter of 2025, Australia experienced the poorest rise in real per capita household disposable income among major English-speaking nations. Australia’s real per capita household disposable income increased by only

The post Australia’s 15 years of income pain appeared first on MacroBusiness.

Australia has frozen itself in the posture of a colonial vassal. The half-century agreement with Britain on nuclear submarines is not a “step toward security” but a stamp of subordination in the archive of the Anglo-American empire.

AUKUS in the Shadow of Regional Resistance

BY Rebecca Chan

Broadcaster Kel Richards has lamented the “tragic” death of the Australian backyard in a segment on Sky News. “Figures came out … in which they showed there are relatively fewer standalone homes being built and far more high rise apartment blocks being built”, Richards said. “I call the death of the great Aussie backyard, I

The post The ‘death of the backyard’ is inevitable appeared first on MacroBusiness.