Blogotariat

In the years since the Global Financial Crisis, the Australian economy has become ever more reliant on government for positive outcomes. Much of the revenue required to underpin this ongoing intervention has been derived from the explosive rise in resource exports, which rose by well over 200% at their peak in 2023 compared with their

The post Albo takes over the economy appeared first on MacroBusiness.

Price and emissions savings seen in 2025 could soon be in the rear vision mirror as the Queensland Government commits to expensive, polluting fossil fuels.

The post Record year for renewables eases prices and pollution as coal clunkers go missing in Queensland appeared first on Renew Economy.

Readers will be well aware of the looming global LNG glut. Global LNG output rose 6% in 2025 and is expected to grow for at least another four years on the back of record-setting investment in new facilities. This year alone, two giant projects — Golden Pass in Texas and a major expansion in Qatar — are

The post Drill, baby, drill turns crash, baby, crash appeared first on MacroBusiness.

The iron ore jaws are opening wide. Put your hand in if you dare. The widest in three years, in fact. Scuttlebutt is excited! Iron ore futures rallied on Wednesday to ‍their highest in multiple months, boosted by ​hopes of improving demand in top ‌consumer China following Beijing’s pledge of ​easing monetary policy this year.

The post Do you dare the iron ore jaws? appeared first on MacroBusiness.

The US Justice Department has quietly scaled back its indictment of Venezuelan President Nicolás Maduro, retreating from a central Trump-era claim that he led a drug cartel.

The original accusation, included in a 2020 grand jury indictment, portrayed the Cartel de los Soles as an organized criminal group allegedly led by Maduro and engaged in large-scale cocaine trafficking.

As things currently stand, the Albanese government possesses the largest majority achieved by any postwar federal Labor government at the ballot box, holding 94 out of the lower house’s 150 seats. Meanwhile, unlike other governments of the recent past that were heavily reliant on a broad range of Senate crossbenchers, Labor needs only the support

The post Australians distrust Albo with the economy appeared first on MacroBusiness.

Wall Street stumbled amid a mixed bag of economic releases as traders pivot towards Friday’s NFP print. US 10 year Treasury yields remain elevated at their recent monthly highs but a little too quiet, while the USD is gaining strength against the majors particularly Euro and Canadian Loonie while the Australian dollar has slipped to

The post Macro Morning appeared first on MacroBusiness.

Ukraine must create conditions that encourage its young men to remain in the country rather than flee to Western Europe, German Chancellor Friedrich Merz has said.

The Russian Transport Ministry has confirmed that the oil tanker ‘Marinera’ has been captured by the US military.

Earlier on Wednesday, the US European Command announced having taken possession of the ship, previously named the ‘Bella 1’, for alleged “violation of US sanctions.”  

Australian property has benefited from numerous support mechanisms and government interventions to bolster its fortunes in the years since the pandemic began. $188 billion in funding from the RBA to the banks at just 0.1% interest, facilitating the rise of 3-year fixed-rate mortgages at under 2%. This led to 40% of all Australian mortgages being

The post The forgotten rocket under Aussie property appeared first on MacroBusiness.

Asian share markets are not doing well despite a strong lead from Wall Street overnight with commodity volatility one of the culprits as oil prices move lower as silver explodes higher. Currency markets are seeing a little bit of stability with USD losing some ground against Yen but outperforming Euro and Loonie. The November inflation

The post Macro Afternoon appeared first on MacroBusiness.

Everybody wants a royal commission into anti-Semitism, apparently. With the government’s reasons for opposing a royal commission being widely panned and the inquiry being backed by leading figures in the business, sporting, legal and security sectors, the issue was scheduled to be debated earlier this week at a meeting of the ­national security committee of

When in late November the ABS delivered it’s first complete monthly inflation print, it immediately triggered a dramatic repricing in interest rates and economists predictions for future inflation. When the AFR polled 38 economists for their views on where interest rates were heading prior to today’s monthly inflation print, 17 out of 38 predicted that

The post Inflation data keeps rate hike threat live appeared first on MacroBusiness.