Blogotariat

Victoria disease finally has a cure. The state will assist you in shuffling off this mortal coil. Voluntary assisted dying reform has passed the lower house of the Victorian Parliament to applause and embrace. Labor and the Coalition both granted their members a conscience vote. It gave MPs the rare chance to offer – and

The post Finally, a way out of Victoria appeared first on MacroBusiness.

Japan and Korea know how to play the king. Anything Japan can do, South Korea can do better? A day after Japanese Prime Minister Sanae Takaichi laid on the flattery during US President Donald Trump’s visit to Tokyo, South Korean President Lee Jae Myung welcomed him by presenting him with a golden crown. The Korean

The post Korea gives Trump crown, we give him Rudd appeared first on MacroBusiness.

Sometimes markets are nothing more than denial machines. Iron ore prices are clearly bullish and set for a breakout. The basis of this could not be thinner. The price of 62% Fe grade iron ore fines from Australia delivered to China increased by US$0.80 to US$106.25. The rise was primarily driven by better market sentiment

The post Iron ore roars into glut appeared first on MacroBusiness.

Economists at one of Canada’s largest banks, Toronto-Dominion Bank, published a report assessing the impacts of the Canadian government’s “population freeze”, which aims to alleviate pressures on the nation’s economic and social infrastructure. Last year, the government introduced an immigration plan to right-size non-permanent residents (NPRs) and permanent resident (PR) targets to allow for some

One of Australia's biggest renewable devel

Risk markets fell back overnight as the long expected cut from the Federal Reserve was followed by a lot of cautionary talk by Chair Powell, indicating that this may well be the last cut for awhile as the push through effect of tariffs on inflation might stall further cuts. Wall Street flopped back while the

The post Macro Morning appeared first on MacroBusiness.

For months, I have argued that Australia’s job market is far weaker than it appears. Government-funded non-market jobs, particularly the expansion of the NDIS, have artificially propped up the job market. The following chart from Justin Fabo at Antipodean Macro shows that government spending on “social protection”, which encompasses social security, welfare, and disability supports,

Growth in renewables and particularly battery storage helped lower wholesale electricity prices in latest quarter, despite a big increase in demand.

The potential of what sits between the home and large-scale generation has been overlooked.

Owner of Australia's biggest battery project says solar-battery hybrids can deliver "incredibly competitive" power for big industry, including smelters.

A recent examination of freedom of information (FOI) requests called into question the Albanese government’s commitment to transparency. The Centre for Public Integrity, an independent research institute, discovered that 24% of FOI requests were denied during Labor’s first term in office. In comparison, the proportion of applications denied fluctuated between 10% and 18% during the

The Economist does not like Donald Trump and is enjoying his polling. Last week Steve Bannon told our editors that Donald Trump would serve an unconstitutional third term. On Monday Mr Trump said, “I would love to do it—I have the best numbers ever.” We have an update on those numbers. They’re not the best

The post Beware the Trump dump appeared first on MacroBusiness.

In the debate surrounding immigration levels and population growth more broadly, the status quo is often described as normal, as if it were simply part of the natural order of things. Yet when comparing Australia’s population growth with that of the rest of the developed world, as IFM Investors Chief Economist Alex Joiner does below,

The post Australia is the odd one out on immigration appeared first on MacroBusiness.