Blogotariat

Oz Blog News Commentary

Articles from MacroBusiness

Pilbara killer ahead of schedule

July 17, 2025 - 00:05 -- Admin

RIO’s treason mine has been brought forward again. Pilbara iron ore achieved its highest Q2 production since 2018, recovering well from Q1 extreme weather impacts. Simandou first shipment accelerated to around November 2025, with 0.5 to 1.0 Mt of shipments expected in 2025 (SimFer scope from Blocks 3 & 4). Continued progress with our Iron

Macro Afternoon

July 16, 2025 - 16:00 -- Admin

Risk markets continue to weigh up last night’s US CPI print with tariff inflation beginning to hit the US domestic economy, with the Fed likely to hold instead of cut for the rest of the year. More “frameworks” and “thinkings about deals, maybe” are being announced by the Trump regime as US Treasury yields drift

It’s time to end electric vehicle subsidies

July 16, 2025 - 13:00 -- Admin

I am ideologically opposed to taxpayer-funded subsidies for private car transportation. Most of these subsidies go to higher-income earners. Thus, they are a prime illustration of the reverse Robin Hood phenomenon, in which the rich benefit at the expense of the poor. Electric vehicle (EV) subsidies are extremely expensive and inequitable, worsening the long-term sustainability

Albo is a Xi Jinping mini-me

July 16, 2025 - 12:30 -- Admin

The groveller-in-chief will grovel. China Daily, a state media outlet, trumpeted the unusual length of Albanese’s visit (six days) and claimed the prime minister’s office saw the trip as a “friendly gesture” made “against the backdrop of rising tensions between the United States and many countries”. …Earlier in the day, TV journalists at the Drum

China’s golden depression plods on

July 16, 2025 - 12:00 -- Admin

Let’s call it what it is: a recession. Even a depression. Much like Japan before it, it is of the golden variety, hidden by fiscal bridges to nowhere. The Chinese economy grew a fanciful 5.2% in the June quarter. But even the slow-moving and captured are asking pointed questions now. Bloomberg. Nominal GDP, which accounts

Bears on the prowl

July 16, 2025 - 11:30 -- Admin

The Market Ear with equities latest. Tech mania Stat of the day: “In the past 3 months since April, global investors have raised their allocation to the tech sector by the largest amount since Mar’09“. Source: BofA NASDAQ – no problem? NASDAQ futures printing new ATHs as of writing as tech breaks above the little

The record decline in Australian consumer confidence

July 16, 2025 - 11:00 -- Admin

ANZ-Roy Morgan Weekly Consumer Confidence Index has languished below the neutral 100 mark for more than three years, the longest and deepest stretch this century. The ANZ-Roy Morgan Weekly Consumer Confidence Index last reached positive territory above 100 in March 2022, just before the Albanese government was elected into office. “Low confidence isn’t just a mood

Chinese steel sickens

July 16, 2025 - 10:30 -- Admin

The ferrous complex is looking toppy. Yesterday’s June data was bad for Chinese steel. The only conclusion one can draw from this chart is that deep output cuts are underway. Private data is not capturing it. The decline of green steel continues. But both BOF and EAF output have topped at the mid-year peak well

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