Blogotariat

Wall Street crumbled again overnight as the realisation has set in that the Don in the Oval Office is hell bent on upending the global trade order, as Canada hit back with their own tariffs. The EU is pushing for a near trillion Euro boost in defence spending which sent the Euro soaring against the

The post Macro Morning appeared first on MacroBusiness.

The petulant demand of tribute to the Trump empire and his transactional ethos surely now challenges the agreed balance sheet between Australia and America.

Comments last week by Prime Minister Anthony Albanese on vital defence issues made clear how confused — and indeed downright misinformed — our highest political and defence force leaders are.

I do not believe that Russia, China or the United Kingdom or for that matter the United States or France should dictate Irish foreign policy or should dictate when we do or do not deploy troops.

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Australia’s housing market is heating up following the Reserve Bank of Australia’s (RBA) 0.25% interest rate cut last month and expectations of further reductions this year. As illustrated in the following chart, CoreLogic’s daily dwelling values index has rebounded strongly, driven by Sydney and Melbourne. At the aggregate 5-city level, dwelling values have risen by

Labor's offshore wind plans are under fire from all corners of the conservative political and media landscape, as Peter Dutton succeeds in sowing FUD.

The first stage of what will be Australia's biggest battery has entered the grid management system and is ready to start testing and commissioning.

Asian share markets are reeling again as King Trump goes full swagger with his tariff threats, shooting the US consumer in both feet with confirmed tariffs on Canada, Mexico and China. The retaliations have been swift, so we’re off to a trade war! This has seen confidence evaporate in the USD just as we ramp

The post Macro Afternoon appeared first on MacroBusiness.

Draft strategy says batteries of all sizes - and deep storage - are critical to Victoria's future energy infrastructure. And it calls for all replacement appliances to be electric.

Wages should be firm according to the latest Indeed job ad index. ANZ-Indeed Australian Job Ads declined 1.4% m/m in February, but this follows an upwardly revised 1.3% m/m rise in January. In trend terms, the series was down 0.3% m/m. ANZ-Indeed Australian Job Ads is down 9.2% annually. The series is just 0.9% higher

The post Inflation gauge collapses below lunatic RBA target appeared first on MacroBusiness.

Last month’s interest rate cut from the Reserve Bank of Australia (RBA) was about as hawkish as possible. The RBA’s statement explicitly noted that the decision to cut the official cash rate by 0.25% was ‘line-ball’ with upside risks to inflation remaining: “However, upside risks remain. Some recent labour market data have been unexpectedly strong,

The post RBA cools April rate cut hopes appeared first on MacroBusiness.

The latest quarterly retail sales data from the Australian Bureau of Statistics (ABS) revealed that real per capita sales increased by 0.4% in Q4 2024, the highest growth rate since Q1 2022. January’s retail sales data have been released, which rose by 0.3% over the month, in line with economists’ expectations. Over the year, retail

The post Rebound in Aussie retail sales continues appeared first on MacroBusiness.

What do you do when the food sector gets together to tell the truth about the government’s failures? Fix the problems? No! Pay them off. The Australian. The food sector has united to ­accuse the Albanese government of failing to act on rising prices ­despite a growing number of working Australians going hungry, warning that

The post Aussies starve as gas cartel chokes food supply appeared first on MacroBusiness.