During a meeting I had with a senior foreign economist at a major investment house six years ago, I explained how the mass-immigration economy would prevent any risk from engulfing the banking system. She asked how sustainable such an approach was, given the obvious deleterious distributive effects of the growth model (that is, it is
A $200 million standalone battery project that attracted no objections from within 50kms of the facility has received final approval from independent panel.
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Since 2018, the Australian government has been attempting to negotiate what is one of the toughest and most time-consuming diplomatic agreements in the world: a free trade agreement with the European Union (EU). In that time, there have been several major sticking points for the two sides, from the acceptable volume of Australian meat and
Chinese credit growth data for December was released overnight. It was OK for the month, but the year was terrible, and the components were worse still. Total social financing was reasonable at 2.2tr yuan. However, broad credit still slowed to 8.3%. And let’s not forget that this number is being significantly boosted by bond issuance
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The iron ore jaws have eased slightly. Bearish commentary is spreading. Iron ore’s robust start to the year is at odds with market fundamentals, as China’s steel output is on course for a seven-year low and port stockpiles have ballooned. The rally in iron ore futures is being driven by improved risk appetite and expectations
The post Iron ore is in trouble appeared first on MacroBusiness.
Wall Street lifted slightly on a better than expected weekly initial jobless claim print in the US (led by the fact that you can’t be jobless if you’re in an ICE concentration camp or on a plane exiting the country) while oil prices dived 5% on news the Iranian strikes by the Trump regime were
The post Macro Morning appeared first on MacroBusiness.
The EU has been working to boost its defense capabilities in order to become a “military powerhouse,” European Commission President Ursula von der Leyen has said, Euractiv has reported, citing sources.
Technology gains mean that one ship load of solar PV panels is now worth more to the grid than 120 coal carriers, or 57 LNG tankers.
The post One ship loaded with solar PV is now worth more to the grid than 120 coal-carriers appeared first on Renew Economy.
Owner of Australia's biggest wind farm seeks green tick for another big wind project with a massive battery in Queensland.
The post Owner of Australia’s biggest wind farm seeks green tick for huge wind and battery project in Queensland appeared first on Renew Economy.
President Donald Trump is making it clear that he won't be constrained by the law as he continues teasing a takeover of the Western Hemisphere.
After Bondi, New South Wales politicians want to ban words and slogans. But rushed laws could punish political speech, not protect the public.
The international situation has been “increasingly deteriorating,” Russian President Vladimir Putin has warned, citing old conflicts reigniting and new emerging flashpoints.
When the government of Prime Minister Robert Menzies was elected in 1949, it came with a pledge to focus on raising home ownership rates and giving Australians a stake in society. Seven years earlier, in 1942, Menzies delivered a wartime radio address to the Australian people, arguing that home ownership was vital to a stable
The post Australian housing policy fails on purpose appeared first on MacroBusiness.