Blogotariat

Beware the dangers of central planning. The job of good government is to provide macro settings that nudge markets around to maximise the benefit to society. Bad government is to distort macro settings to deliver on politically charged targets to get re-elected and damn the lifeboats. This is bad government. Jim Chalmers has instructed ­financial

The post Chalmers readies shanty towns for Aussie youth appeared first on MacroBusiness.

Australia’s housing market is experiencing a mild correction, led by Sydney and Melbourne. Over the past quarter, dwelling values across Australia’s five major capital cities have declined by 0.7%, driven by Melbourne (-1.9%) and Sydney (-1.5%). The downturn has been driven by record low affordability, easing net overseas migration and a steady accumulation of for-sale

The post Australians ready for next house price boom appeared first on MacroBusiness.

In 2011, billionaire investment legend Warren Buffett penned an opinion piece in the New York Times, revealing that he paid a lower rate of tax than most of his employees. The article highlighted how tax breaks are available only for the rich with resources to take advantage of them. What followed was a 2012 proposal

The post There’s merit in Greens’ 10% billionaires tax appeared first on MacroBusiness.

Beware the LNY distributions, but Chinese property appears to have faded out. A bit better year on year. Inventory improved. As the completion cliff moves up a gear. Nothing good for steel demand here. But iron ore is busy trading other inputs, such as tariffs and cyclones, and the jaws are huge.  

The post Iron ore goes over China’s “completions cliff” appeared first on MacroBusiness.

The Australian Bureau of Statistics (ABS) Q3 national accounts showed that real per capita household disposable income has collapsed by around 8% from its Q2 2022 peak, the most significant decline in recorded history. This also represented one of the greatest declines in real per capita disposable incomes in the advanced world. Justin Fabo from

The post The three drivers of Australia’s income collapse appeared first on MacroBusiness.

Risk markets are diverging in fortune again as European equities continue their strong trend higher despite tariff threats while the latest testimony by Fed Chair Powell on interest rate trajectory saw a bit of a wobbly finish on Wall Street overnight. The USD is all over the place with Euro surging while the Australian dollar

The post Macro Morning appeared first on MacroBusiness.

What’s happening right now is that Democrats, having been thrown out of power by American voters in a landslide victory for Trump, have decided they’re going to deploy a widely-used tactic from Trump’s first term to thwart the president’s agenda: use the federal judiciary. Under the false pretext that the lower federal courts are part of a “coequal branch of government” with the executive, they’re aiming to shut down Trump’s reform efforts with a fusillade of preliminary injunctions.

Backer of massive proposed green hydrogen hubs in W.A. - with nearly 100 GW of planned capacity - says newly passed production tax credit will be a "game changer."

US President Donald Trump has reposted a CNBC article citing Russian President Vladimir Putin on his social media account. The piece quoted the Russian leader as predicting that the Trump administration would soon “restore order” in Europe, as Washington’s allies would quickly “stand at the feet” of their “master.”

Spain's Acciona Energia - which is building Australia's biggest single wind project - is seeking solutions for the full recycling of turbine blades.

Weaknesses in governance, planning and economic efficiency in the NEM are historic, but completely inadequate for the revolutionary transition to green energy.

The Trump administration is turning up the heat on George Soros’ soft power empire amid revelations of his Open Society Foundations’ close-knit links to and alleged profiteering off USAID. Is there a case for convicting the 94-year-old benefactor and beneficiary of the US imperial project? If so, where does it lie?

Financial Crimes