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Articles from MacroBusiness

Wind projects are green, if you want to reduce carbon

November 26, 2025 - 11:30 -- Admin

My learned colleague, LVO, today argues that wind farms are environmentally destructive. He makes some excellent points about their ecological footprint in land-clearing practices. I would only counter by saying that most of Australia’s best wind resources are in pretty remote regions. This raises the question of whether the wind resources will remain sufficient given

Wind projects aren’t “green”, they are environmental wreckers

November 26, 2025 - 11:00 -- Admin

Renew Economy reported on Andrew (Twiggy) Forrest’s 414-megawatt (MW) Uungula Wind Farm, which has begun pouring concrete foundations for 69 turbines: “Squadron—controlled by iron ore billionaire and green energy evangelist Andrew Forrest—revealed that 11 foundations had already been poured, with foundation anchor cages currently being assembled in preparation for reinforcing steel installation and further concrete

So, Abul Rizvi also supports lower immigration?

November 26, 2025 - 10:00 -- Admin

Abul Rizvi is a strange guy. He has spent years attacking me and howling “racism” at anybody calling for lower, more sustainable levels of immigration. Yet when pushed, Rizvi often holds similar views. The latest case in point is Rizvi’s hand-wringing over the Albanese government’s failure to control immigration, which he claims empowers extremists. In

As go cars, goes smelters

November 26, 2025 - 09:30 -- Admin

What price Australian smelters? Major global companies like Trafigura, Glencore and Rio Tinto are all negotiating what additional financial assistance federal and state governments are willing to provide to keep aged, uncompetitive smelters operating in Australia. …China has created a worldwide glut of refining and smelting capacity. That has driven down prices and viability for smelters in

Macro Morning

November 26, 2025 - 09:00 -- Admin

Overnight solid earnings on tech stocks sent Wall Street higher even though NVIDIA is off somewhat with additional US economic data (or lack thereof due to the Trump regime hiding the bad news) reinforcing the notion that the December rate cut from the Fed is firming, giving a general boost to risk markets. The USD

Brisbane’s housing boom impoverishes buyers, tenants

November 26, 2025 - 08:00 -- Admin

Brisbane’s post-pandemic housing boom has trashed affordability for first home buyers and tenants alike. Turning to prices first, Proptrack reports that Brisbane dwelling values have soared by 104% since the beginning of the Covid-19 pandemic in March 2020: The impact on affordability was illustrated in all of its hideous glory in Cotality’s latest housing affordability

Macro Afternoon

November 25, 2025 - 16:30 -- Admin

Asian equity markets are mixed in today’s session as Japanese markets return with all eyes on talks between China, Japan and USA in recent days but the newsflow and outcome has been vague at best. With the shortened trading week due to US Thanksgiving risk markets are effectively in a holding pattern.  Currency land was

Australia’s two-speed housing boom

November 25, 2025 - 14:00 -- Admin

I wrote on Monday that Australia’s house price boom appears to be losing momentum, as evidenced by the slowing growth of Cotality’s daily dwelling values index. Growth in Cotality’s 5-city aggregate index has slowed significantly over the past 10 days, driven by sharp decelerations across Sydney and Melbourne. The loss of momentum is also reflected

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