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MacroBusiness Wednesday, May 28, 2025 - 13:30 Source

More yawnulus please. Sales pancaked. Inventory a bit better. Completions down, down. It really doesn’t matter how much floor area developers sell, the enormous shadow inventory or unsold, empty, furloughed, half-built, half-dug apartments won’t run out for another 10k years. Iron ore demand to keep falling.

The post Chinese property abandons ship appeared first on MacroBusiness.

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Renew Economy Wednesday, May 28, 2025 - 13:25 Source

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Renew Economy Wednesday, May 28, 2025 - 13:19 Source
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Renew Economy Wednesday, May 28, 2025 - 13:16 Source
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MacroBusiness Wednesday, May 28, 2025 - 13:00 Source

The May federal budget forecast that Australia’s population would grow by 1.25% on average over the four-year forward estimates, with the nation projected to add 1.4 million residents in the four years to 2029: In the four years to 2028-29, Victoria’s population is projected to grow by 1.46% annually, adding 426,000. The Victorian government’s latest

The post Victoria doesn’t trust Albo’s immigration forecasts appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 28, 2025 - 12:30 Source

The ferrous complex is going over a cliff of some sort led by steel. Iron ore will inevitably follow. The question is why and how far? It is right about now we would expect the initial round of tariff wars to making its way upstream in a demand deficit bubble. As well, property continues to

The post Iron ore into the abyss appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 28, 2025 - 12:00 Source

Blah, blah. blah. The Australian. Australia is falling behind global rivals in attracting investment in gas exploration and production, a new report from global consultancy Wood Mackenzie has found, a trend that risks undermining the nation’s energy security and stalling the transition away from coal. The report, Australia’s Natural Gas Investment Competitiveness, commissioned by industry

The post A cartel is never satisfied appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 28, 2025 - 11:47 Source

The Q1 quarterly inflation release from the Australian Bureau of Statistics (ABS) revealed that annual trimmed mean inflation declined to 2.9%, to be within the Reserve Bank of Australia’s (RBA) 2% to 3% inflation target. On a six-month annualised basis, trimmed mean inflation fell to around 2.5%. On Tuesday, the ABS released its monthly CPI

The post Inflation uptick puts July rate cut in doubt appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 28, 2025 - 11:30 Source

The federal government launched a new skills visa in December, with the aim of attracting migrants who can make a significant contribution to the economy and fill roles where no Australian workers are available. However, migration agents claim that processing times for the new visa are too long, hampering the ability of employers to recruit

The post Australia’s ‘skilled’ visa system is a farce appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 28, 2025 - 11:00 Source

The typical Australian mortgage holder has experienced a massive rise in mortgage payments following the Reserve Bank of Australia’s (RBA) monetary tightening cycle, beginning in May 2022. As illustrated by the following chart from Westpac, the average minimum mortgage repayment in Australia rose from around $1,800 before the first rate hike to a peak of

The post Aussie mortgage holders breathe sigh of relief appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 28, 2025 - 10:30 Source

You need US dollars to buy US assets. AUD rejected! Lead boots were made for walking. Three black crows for gold. Oil bust. Metals meh. Mining meh. EM meh. Junk sees sunny uplands ahead. Yields are helping now. Thank Saudi. Stocks to the moon! The AUD has turned into the world’s first Costanza coin. It

The post Australian dollar turns Costanza coin appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 28, 2025 - 10:00 Source

The Australian Energy Regulator (AER) announced this week an increase in electricity prices for households with standing offer plans. Electricity customers in NSW face the biggest increase in default market offer prices from 1 July, with power bills across the state to rise by between 6.1% and 9.1%. AER chair Clare Savage says that while

The post Why Australian electricity costs will continue to rise appeared first on MacroBusiness.

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xkcd.com Wednesday, May 28, 2025 - 10:00 Source

Under the two-domain system, anyone who punches you is technically an Archaean pathogen.

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Renew Economy Wednesday, May 28, 2025 - 09:32 Source

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Renew Economy Wednesday, May 28, 2025 - 09:10 Source
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MacroBusiness Wednesday, May 28, 2025 - 09:00 Source

Wall Street returned with a bang after its long weekend break with a 2% plus surge across the board in response to the 180 degree spinning top EU Trump tariffs, which should give Asian equities a bounce on the open this morning. Meanwhile the broader selloff in USD was also backed off as Euro pulled

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 28, 2025 - 08:00 Source

Coolabah Capital portfolio manager Chris Joye published an article in The AFR highlighting the giant contribution of government spending to Australia’s post-COVID economy. A gigantic government cash splash has helped. In fact, a remarkable 63% of all Australia’s economic growth since December 2019 has been driven by the public, rather than private, sector. Expressed another

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MacroBusiness Wednesday, May 28, 2025 - 00:05 Source

Last week, the federal government’s own advisory body, the National Housing Supply & Affordability Council (NHSAC) released its 2025 State of the Housing System report, which forecast that only 938,000 dwellings will be built nationwide by mid-2029, 262,000 dwellings short of Labor’s National Housing Accord target of 1.2 million new homes over five years. NHSAC

The post Australia faces crippling housing shortage appeared first on MacroBusiness.

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Renew Economy Tuesday, May 27, 2025 - 20:16 Source
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Renew Economy Tuesday, May 27, 2025 - 20:12 Source

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MacroBusiness Tuesday, May 27, 2025 - 16:30 Source

Risk markets in Asia are doing a little better despite the lack of a lead from a closed Wall Street with the focus on positive Chinese industrial production numbers. However currency markets are still wanting to push the USD down further with a somewhat hawkish talk from the BOJ not helping the USDJPY pair while

The post Macro Afternoon appeared first on MacroBusiness.

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Cheeseburger Gothic Tuesday, May 27, 2025 - 16:08 Source

Just wrapped a five-hour shift uploading books to the various online stores, and lemme tell you—I am feeling it. It’s been a while since I’ve done a big indie publishing run, and tomorrow’s release is shaping up to be the biggest one yet.

Part of the complication? I decided to release the books as individual titles on Amazon to meet their monopolistic Kindle Unlimited exclusivity requirements. This meant I then had to bundle those same books into a three-volume collection to sell everywhere else—because I’m still finishing the third volume, that bundle had to go up as a pre-order.

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Renew Economy Tuesday, May 27, 2025 - 15:42 Source
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Renew Economy Tuesday, May 27, 2025 - 15:12 Source
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Renew Economy Tuesday, May 27, 2025 - 14:59 Source
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Renew Economy Tuesday, May 27, 2025 - 14:26 Source
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MacroBusiness Tuesday, May 27, 2025 - 14:00 Source

Leith and I have both explored the extraordinary price of coffee in Australia, with causes as varied as the price of beans in Brazilian drought to local labour costs and draining income. Coffee is now a luxury item. And the cafepocalypse in full swing. I admit, we’re not losing much here. I have long criticised

The post How to get a free cup of coffee appeared first on MacroBusiness.

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Renew Economy Tuesday, May 27, 2025 - 13:59 Source
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MacroBusiness Tuesday, May 27, 2025 - 13:30 Source

The Market Ear with more. So little exuberance Positioning and sentiment remain muted across the board. Hedge fund leverage is at cycle lows, CTAs and systematics are neutral, and there’s over $7 trillion parked in money markets. With so little exuberance, it’s hard to get truly bearish from here. Let’s examine the latest positioning and

The post Stocks stuck in the mind of a child president appeared first on MacroBusiness.

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MacroBusiness Tuesday, May 27, 2025 - 13:00 Source

Except that it is very common! GPs in NSW will soon be able to diagnose and prescribe medication for attention-deficit hyperactivity disorder (ADHD), under major changes that will slash appointment wait times and make it more affordable for children and adults to receive a diagnosis and treatment. The NSW Labor government will pay for GPs

The post The economic burden of ADHD appeared first on MacroBusiness.

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