A few trade stats and some other stuff

50% of Australia’s exports are from mining and another 18% from “energy”. https://www.aph.gov.au/About_Parliament/Parliamentary_departments/Parliamentary_Library/pubs/BriefingBook47p/AustralianTradeFigures Volumes are forecast to go up to 2029, but prices and net export earnings are expected to fall https://www.industry.gov.au/publications/resources-and-energy-quarterly-march-2024 Remittances currently took about USD 5 billion from our current account in 2022. That’s more than this year’s entire current account deficit. Also, … Read more

They hate you

Following comment disappearance, I have resorted to making a post MB goes off it’s nut in “ABC positions Annabel for numberless immigration barrage”. https://www.macrobusiness.com.au/2024/06/abc-sites-annabel-for-numberless-immigration-barrage/ They still don’t get it. A long essay that demonstrates they think that the readership, the electorate and the polity in general respond to reason. That time is long past, if … Read more

An open letter to Madeline King

My MP, Madeline King, sent me this in an email: Last week, the Albanese Labor Government set out the next steps in our plan to endfamily, domestic and sexual violence in a generation – and I wanted to makesure you heard a bit more about it. Too many women in Brand, and across Australia are … Read more

Where to get quality news for free?

I first went to MB when Alan Kohler’s site (forgot its name) became the paid for “Eureka report”. Then MB went paid, and I was happy to pay at first. Then most zerohedge’s good stuff became paid as “the market ear”. Bloomberg went paid. The ABC went so far left that I can’t even read … Read more

Woke “capitalism” will destroy capital.

While Australian media tend to portray oil, gas and coal as dinosaur industries destined to go bankrupt, other, more savvy commentators point out that they are more likely to become highly profitable with increased margin, just like tobacco companies since the 1990s. https://www.wsj.com/articles/for-big-oils-future-look-to-big-tobaccos-past-11643298756 https://www.barrons.com/articles/what-oil-companies-can-learn-from-big-tobacco-51577791801 But investors in Woodside seem determined to cripple it by forcing … Read more

Was coming right?

It seems more people, some credible, are arguing that higher interest rates are stimulative right now, to a point. From bloomberg via yahoo: https://finance.yahoo.com/news/fed-rate-hikes-actually-sparking-120000966.html Didn’t coming say something like higher interest rates are inflationary? Can anyone remember exactly what coming said about this and where? I haven’t kept any links.

Is DLS Bernard?

MB channelling the ‘FKA again? https://www.macrobusiness.com.au/2024/03/australias-brave-new-world/ Very low numbers of comments compared to us. Looks like MB’s subscribers are either not much interested in talking to one another or are not large in number. I would not like to see MB die. This would be a great shame. Leftist attacks are going to get more … Read more

Is WA going to crash or fly?

Many posts at MB about how iron ore is doomed recently. This one today says this is the start of the the long way down. https://www.macrobusiness.com.au/2024/03/iron-ore-goes-over-the-cliff/ According to Pete Wargent “There’s been little or no fanfare this time around, but we’ve seen a record surge in mineral exploration in 2023, to above $1bn per quarter.” … Read more

Pressure to change school hours grows

The femmos next target is school hours. https://thenightly.com.au/opinion/kate-emery-why-school-hours-are-sexist-and-killing-womens-ambition–c-13660771?fbclid=IwAR2M1IYRaozyHheK8Brg-j-JdEoNiT5xtN2hl3-sqXlElrhkWb2AL3hIIAM Many will agree that schools, or somebody, should raise the children while the parents go to work. After all, everyone needs to work harder to buy the dog box unit or 200m² block that earlier generations would have labelled third world. But the underlying assumption is never … Read more

Nickel first, Iron ore second?

So according to AFR: “Leinster, where BHP owns almost everything including the houses, faces wipe out if the mining giant shuts down its nickel business in the face of what it admits is a structural change triggered by a flood of supply from Chinese-backed nickel laterite producers in Indonesia.” https://www.afr.com/companies/mining/inside-the-pub-at-ground-zero-of-australia-s-nickel-woes-20240218-p5f5uf DLS reckons that Simandou is the Pilbara … Read more