Blogotariat

On Wednesday, the Australian Greens announced that the abolition of negative gearing and the capital gains tax (CGT) discount will be a priority in a minority government. The Greens’ policy is as follows. Grandfather negative gearing and the 50% CGT discount to one investment property. Any properties purchased after the policy commences, or the second

The post The Greens’ housing policy is unworkable appeared first on MacroBusiness.

It is hard to believe that the Dutton-led Coalition now faces the prospect of losing seats at the upcoming federal election. The combination of Donald Trump’s trade war and policy own-goals like promising to ban working from home (since revoked) has sent Coalition support plummeting. The latest YouGov poll shows that Labor now leads the

The post Coalition voter support collapses appeared first on MacroBusiness.

Zero emissions gentailer Zen Energy seals three-way deal to power the east coast operations of industrial gas giant with energy from Australia's biggest solar farm.

Ukraine’s commander-in-chief, Aleksandr Syrsky, has said Kiev must mobilize 30,000 soldiers every month to sustain resistance against the Russian army. He also highlighted the growing disparity between the military capabilities of the two countries.

This is not what a central bank governor should say as the world falls apart. Inevitably, there will be a period of uncertainty and adjustment as countries respond to the ongoing tariff announcements by the United States administration. It will take some time to see how all of this plays out and the added unpredictability

The post Bullock is a ditherer appeared first on MacroBusiness.

10:00 – Hello and welcome. I’m going to be using this live blog to cover the declaration of nominations today.

At midday local time in each part of Australia, ballot draws will be conducted for the House of Representatives and the Senate. Nominations closed yesterday, but we don’t yet know who made the final cut. At the declaration, those names will be announced, each candidate will have a ball assigned to them in a lottery device, and then those balls will be drawn out.

The Market Ear on historical movements in safe havens. Safe? US 30 year closing at another new recent high…and the dollar moving in the totally opposite direction. Big stuff going on under the surface. How safe is safe? Refinitiv VXTLT “Unstoppable”…and possibly even more important watching the VXTLT than the VIX at the moment. Refinitiv

The post Safe havens torn apart appeared first on MacroBusiness.

US Democratic Senator Adam Schiff has called on Congress to investigate President Donald Trump for possible insider trading and market manipulation following his abrupt trade policy U-turn. Global stocks soared after the president paused the imposition of tariffs on a multitude of countries this week.

The Great Trump Toddler Tariff Tantrum that we have all been living through is so very Trump – blunt like a baseball bat, burn-it-down-first-figure-out-the-consequences-later reckless, and attention-grabbing like Kim Kardashian – that it is easy to forget that Donald Trump is merely human, too.  

While Australia’s mainstream media and the university and property lobbies continue to lie about the impacts of immigration on the rental market, Canada has provided a dose of reality. In the years following the pandemic, Canada experienced an unprecedented boom in immigration, which drove a record 1.2 million increase in the country’s population in 2023–04.

The post Canada’s brutal rental market lesson for Australia appeared first on MacroBusiness.

The federal Coalition has left open the possibility it could leave the Paris climate accord, if it determines that meeting climate targets would do too much damage to the economy.

The Coalition has previously said it will dump Australia's current climate target to reduce emissions by 43 per cent on 2005 levels by 2030.