Even the cartel-loving AFR can’t come to grips with selling Santos to the UAE. The strategic rationale for the bid probably revolves around LNG and the bidder’s eagerness to capitalise on the expansive portfolio of projects Santos is developing not only in Australia but also South-East Asia and Alaska. ADNOC has a minimal track record
The post Use UAE to crush gas cartel appeared first on MacroBusiness.
Over the past week, we have seen multiple articles like the following from The West Australian complaining about the decline in housing affordability, which has left residents struggling to pay mortgages or rent. These articles are based on the latest Housing Affordability Report from the Bankwest Curtin Economics Centre, which blames a ‘lack of supply’
Westpac with the note. The Westpac-DataX Card Tracker Index* has firmed over the last two weeks after a very volatile period through Mar, Apr and May. The latest weekly read of 140 is up 2.3pts from the end of May, the last two weeks recording the strongest average read outside of the post-holiday rebound in
The post EOFY lifts consumer pall appeared first on MacroBusiness.
The eruption of war between Israel and Iran is no longer a hypothetical flashpoint—it is a live, unfolding campaign whose implications could shake the foundations of the international order and move the world closer to World War III.
The monthly growth in Seek advertised salaries has shown hints of stabilisation but is still trending lower. I expect the fade to continue as the immigration-led labour market expansion economic model does its thing. I do not expect we’ll get back to last cycle’s lows because the Labor government is forcing more wage rises via
The post The boom in Adelaide bureaucrats appeared first on MacroBusiness.
DXY is holding on. AUD is breaking down somewhat. Lead boots are getting heavier. The Trump fool has unleashed oil. Metals no bueno. Miners far to fall yet. EM meh. Junk still OK. US markets were closed but the European tell is heading south fast. War is not complex. Credit Agricole. Investors remain on tenterhooks
The post Australian dollar bombed into submission appeared first on MacroBusiness.
Now that we have a complete two-party-preferred vote for all of Australia, we can look at the distribution of seat margins and swings across the country.
For this post, I have produced a number of charts which show the distribution of seats by two-party-preferred result, and also by two-party-preferred swing. I also attempt to chart out the two-candidate-preferred swings in non-classic seats, or at least those which have a valid swing compared to 2022.
Another night dominated by central bank decisions contrasted with indecisions around the Israeli war on Iran with the Swiss bank cutting rates to zero while the BOE held fire, just after the Fed a few days ago, while the Trump regime again goes to the TACO truck when talking about non-existent negotiations with the Iranian
The post Macro Morning appeared first on MacroBusiness.
In September 2024, the Housing Industry Association (HIA) labelling the federal government’s failure to control immigration a “systemic policy failure” that “compounds the challenge of delivering sufficient housing”. “The underestimation of population growth is a systemic policy failure that compounds the challenge of delivering sufficient housing”, HIA chief economist Tim Reardon said. On Thursday, the