Blogotariat

Oz Blog News Commentary
Renew Economy Wednesday, April 23, 2025 - 17:55 Source
Read more Views: 73
MacroBusiness Wednesday, April 23, 2025 - 16:30 Source

In surprise to no one, the Trump regime has wavered first as it signals “very nice” but probably non-existent trade talks with China and nullifies suggestions that Fed Chair Powell’s head is on the chopping block. This has seen extended rallies across stocks while the USD has firmed against most undollars although the Australian dollar

The post Macro Afternoon appeared first on MacroBusiness.

Read more Views: 52
Renew Economy Wednesday, April 23, 2025 - 15:24 Source
Read more Views: 64
MacroBusiness Wednesday, April 23, 2025 - 14:00 Source

The Dutton-led Coalition is staring down a massive election defeat, with the latest polling from Roy Morgan showing Labor’s two-party preferred vote widening to 55.5% (up 1%) against the Coalition’s 44.5%. The following chart plots recent polling from various sources and shows Labor’s lead widening as the election date approaches. Primary support for Labor also

The post Dutton faces electoral annihilation appeared first on MacroBusiness.

Read more Views: 70
MacroBusiness Wednesday, April 23, 2025 - 14:00 Source

They say that the fish rots from the head and never was a truer word spoken about the festering Australian Financial Review. Its rotten fishhead, Michael Stutchbury, today bewails the lies of politics by, you guessed it, lying. As Treasury secretary Steven Kennedy says, it was Liberal Treasurer Josh Frydenberg who agreed to pump up overall

The post Lying rotten fishhead bewails economic lies appeared first on MacroBusiness.

Read more Views: 75
MacroBusiness Wednesday, April 23, 2025 - 13:30 Source

The Trump Administration is the best thing that has happened to the incumbent Liberal government of Canada. Polling conducted in early January suggested that the Liberal Party could win as few as 21 seats in the 338-seat parliament at this year’s election. Canadians had endured a decade-long decline in their living standards. Per capita GDP

The post Donald Trump usurps Canadian election appeared first on MacroBusiness.

Read more Views: 89
MacroBusiness Wednesday, April 23, 2025 - 13:00 Source

In June 2024, AMP chief economist Shane Oliver posted the following chart showing that Australia’s housing shortage was about to surpass 200,000 dwellings: Oliver explained via Twitter (X) that “underlying demographic demand (driven by strong population growth) continues to run well ahead of new housing supply (constrained by capacity and cost issues, etc.), and is

The post Australia’s housing shortage nears 300,000 appeared first on MacroBusiness.

Read more Views: 73
MacroBusiness Wednesday, April 23, 2025 - 12:30 Source

Time for more yawnzooka as Chinese property falls into a tariff hole. Yawnulus fading. Sales too. Inventory still drawing. As completions keep falling. Not much good here. More yawnulus incoming. And it had better hurry. Morgan Stanley. Our Asia Research team’s latest AlphaWise survey of ~2,000 consumers in China (conducted April 8-11, immediately after the

The post Chinese property sinks into tariff hole appeared first on MacroBusiness.

Read more Views: 80
Renew Economy Wednesday, April 23, 2025 - 12:21 Source
Read more Views: 65
Renew Economy Wednesday, April 23, 2025 - 12:07 Source
Read more Views: 47
MacroBusiness Wednesday, April 23, 2025 - 12:00 Source

It is the unsinkable metal ore despite falling steel prices. Recent GDP data was OK but what’s coming isn’t. Goldman. Despite a sequential deceleration from last Q4, year-over-year real GDP growth came in at 5.4% in Q1, higher than consensus expectations. With exports jumping 12.4% yoy, industrial production climbing 7.7% yoy, and retail sales rising

The post Iron ore hopes return appeared first on MacroBusiness.

Read more Views: 52
MacroBusiness Wednesday, April 23, 2025 - 12:00 Source

Aussie retail sales have been structurally weak, falling in per capita terms over the past two years. Discretionary ‘brick-and-mortar’ retailers have suffered the most, losing market share to online giants such as Amazon, Temu, and Shein. Amazon joined the Australian market in December 2017 and has quickly expanded its presence. Amazon Prime offers competitive pricing

The post Online behemoths usurp Aussie retailers appeared first on MacroBusiness.

Read more Views: 57
Renew Economy Wednesday, April 23, 2025 - 11:56 Source
Read more Views: 52
Renew Economy Wednesday, April 23, 2025 - 11:55 Source
Read more Views: 68
Renew Economy Wednesday, April 23, 2025 - 11:54 Source
Read more Views: 46
MacroBusiness Wednesday, April 23, 2025 - 11:30 Source

The Climate Council claims that Australians are paying $30 billion more on insurance than they were a decade ago, while premiums have risen at more than twice the average rate of inflation over that time. Insurance companies have incurred losses averaging $4.5 billion a year over the past five years due to extreme weather events,

The post Soaring insurance premiums compound cost of living pressures appeared first on MacroBusiness.

Read more Views: 64
Your Democracy Wednesday, April 23, 2025 - 11:24 Source

It's very hard to focus on Australian politics when the world keeps getting tipped off its axis like this.

But with voting now having commenced at pre-polling stations around Australia, let us not overlook the historic, all-Australian union that was consecrated on Tuesday morning.

 

Read more Views: 51
MacroBusiness Wednesday, April 23, 2025 - 11:00 Source

Australia offers some of the world’s most generous post-study work rights for international students, as illustrated in the table below. These generous post-study work rights are coveted by “students” from South Asia, who value post-study work rights and opportunities for permanent residency above most other factors. Australia has experienced an explosion in graduate (485) visa

Read more Views: 49
MacroBusiness Wednesday, April 23, 2025 - 10:30 Source

Via S&P comes the Aussie flash PMI. Flash Australia PMI Composite Output Index(1): 51.4 (Mar: 51.6). 2-month low. Flash Australia Services PMI Business Activity Index(2): 51.4 (Mar: 51.6). 2-month low. Flash Australia Manufacturing Output Index(3): 51.5 (Mar: 51.8). 2-month low. Flash Australia Manufacturing PMI(4): 51.7 (Mar: 52.1). 2-month low. Data were collected 09-17 April 2025

The post Aussie flash PMI fades appeared first on MacroBusiness.

Read more Views: 84
Your Democracy Wednesday, April 23, 2025 - 10:26 Source

While there is a range of Australian war poetry, much of the poetry associated with Anzac Day is not Australian.

read more

Read more Views: 53
MacroBusiness Wednesday, April 23, 2025 - 10:00 Source

The Market Ear with the setup. Chop Our base case remains intact: this market needs to heal and it will take time before we get a new direction. Expect more choppiness. Resistance levels: 5450 (21 day), range highs at 5550. Note the 50 day still way higher, currently just below 5700. Support around the 5100

The post Stocks rally as the ‘Trump puts’ roll in appeared first on MacroBusiness.

Read more Views: 52
xkcd.com Wednesday, April 23, 2025 - 10:00 Source

After initial tests created a series of large holes in the wall of the lab, the higher-power Scanning Tunneling Tennis Ball Microscope project was quickly shut down.

Read more Views: 20
MacroBusiness Wednesday, April 23, 2025 - 09:30 Source

DXY finds a footing. AUD rocket flamed out. Lead boots going nowhere. Gold flame out, oil stable. Copper is a lunatic. Miners still stuffed. EM going nowhere forever now. Junk not priced for recession yet. Yields still tending to rise. Stock chop. Everybody is selling the whimpering greenback. More than stocks. Way more than yields.

The post Australian dollar jaws open wide appeared first on MacroBusiness.

Read more Views: 47
Your Democracy Wednesday, April 23, 2025 - 09:20 Source

The greenback has hit a three-year low while gold soars past $3,500 per ounce. Things aren’t looking good, experts say.

Trump, Tariffs and Trust: The dollar's slide "reflects Trump’s meddling in Fed policy via tariffs and eroding trust in the US financial system,” Paul Goncharoff, financial analyst and general director of Goncharoff LLC, tells Sputnik.

Read more Views: 44
MacroBusiness Wednesday, April 23, 2025 - 09:00 Source

Risk sentiment reversed its decline overnight mainly due to some off the cuff comments from the Trump regime’s Treasury Secretary about an “imminent” deal with China, which were since walked back but this sent a signal to buy USD and US stocks which saw Wall Street take back most of its recent session falls to

The post Macro Morning appeared first on MacroBusiness.

Read more Views: 58
Renew Economy Wednesday, April 23, 2025 - 08:58 Source
Read more Views: 40
Cheeseburger Gothic Wednesday, April 23, 2025 - 08:23 Source

I found this in my iPhone's reminder app this morning. I have no memory of making it, but it seems like a pretty good plan for the workday.

Read more Views: 37
Your Democracy Wednesday, April 23, 2025 - 08:04 Source

 

This week, newspapers around the world received reports and signed documents from South Africa. The reports said that, in 1975, Israel agreed to sell South Africa nuclear weapons. South Africa then released an arms agreement signed by current Israeli President Shimon Peres. This is the document “heard round the world.”

 

Read more Views: 47
The Tally Room Wednesday, April 23, 2025 - 07:00 Source

Ben is joined by Jill Sheppard and Emily Foley to discuss the long-term trend of the major parties losing primary votes: what is causing the trend, how it might play out in 2025 and whether they can do anything to reverse the trend. The seat of the week is Bruce in south-eastern Melbourne.

Read more Views: 49
Your Democracy Wednesday, April 23, 2025 - 06:56 Source

Teals and Greens are under political attack from a new pro-fossil fuel, pro-Israel astroturfing group, adding to the onslaught by far-right lobbyists Advance Australia. Wendy Bacon and Yaakov Aharon with the story.

Read more Views: 40

Pages