Blogotariat

The ABC has lost the plot entirely. The relationship between Peter Dutton and resources billionaire Gina Rinehart has soured over the Coalition leader’s plan to force energy giants to sell gas into the domestic market at a likely loss. The ABC also understands that Ms Rinehart’s enthusiasm for Mr Dutton has waned in recent weeks

The post ABC horrified Dutton not Gina’s gas toy appeared first on MacroBusiness.

The ferrous jaws closed somewhat with all commodities last night. Chinese steel demand is pretty meek, according to MySteel. Production is a bit better but won’t be as export markets dump with tariffs. There’s a lot of front-loading that’s been done. And now for a demand hole on the other side of it.

The post Iron ore shoved towards demand cliff appeared first on MacroBusiness.

Large wind project returns to the planning portal after a six year hiatus with fewer but bigger turbines, and a battery.

Federal Labor's Developer Rating Scheme is a step in the right direction, but doesn’t bridge the renewables information gap we’re seeing across rural and regional Australia. 

It kind of crashed last night. We are once again at the pesky $70 Brent support level. Surely, this time, it breaKS. The key is this. Bloomberg. In a video conference on Thursday, the coalition of crude producers led by Saudi Arabia and Russia was expected to simply remind errant members to respect their output

The post Oil wipeout some relief appeared first on MacroBusiness.

US Secretary of State Marco Rubio has reassured NATO member states that Washington remains committed to the military bloc, while insisting that members must drastically increase spending on their militaries.

Rubio made the remarks at NATO’s foreign ministers’ meeting in Brussels on Thursday.

The Australian reported that international student visas have “dived” amid de facto caps implemented by the Albanese government. Data compiled from the Department of Home Affairs shows that the number of student visa applications in the first two months of 2025 was tracking significantly below the levels of 2023 and 2024. The number of student

The post International student numbers must be managed down appeared first on MacroBusiness.

A bath of blood overnight on all risk markets with the NASDAQ dropping 6% while the S&P500 lost nearly 5% as bond markets surged on a rush to safety and the USD was hit on all fronts with undollars lifting 2% or more against what was “King” Dollar before wannabe King Don upended the global

The post Macro Morning appeared first on MacroBusiness.

DXY was pulverised. Which held AUD up, though not against EUR. CNY was hit. Oil crashed as OPEC decided to pump. The copper bubble goes “pop”. Base metals head for hard landing. Big miners, big damage. EM meh. Junk breaking at last. Yields are in free fall, but a long way to go to make

The post Australian dollar stands tall as stocks crash appeared first on MacroBusiness.

Australia has traditionally had a gaping trade deficit with the United States. The following table from Australia’s Department of Foreign Affairs and Trade (DFAT) shows that the United States exported (A$88.2b) more than double what it imported (A$37.5b) from Australia in 2023-24. On Wednesday, the Trump Administration levied reciprocal tariffs against all nations. The Trump

The post The irony of US tariffs on Australia appeared first on MacroBusiness.

The YIMBY movement claims that the leading solution to Australia’s housing affordability crisis is to rezone our suburbs for high-rise apartment developments. Their argument consistently overlooks evidence suggesting that blanketing cities with high-rise apartment buildings often does not result in more affordable housing. The classic counterargument is illustrated by Vancouver, Canada, which underwent a complete

The initiation of mass firings of over 20,000 scientists and public health workers at the Department of Health and Human Services (HHS) marks a historic turning point in the collapse of American democracy and the Trump administration’s efforts to establish a fascist dictatorship in the United States.

SEC chair says Victoria needs at least another two gigawatts of committed capacity to cover the 2028 closure of one of its last remaining coal plants.