Its policy rate is well below the Fed’s. That can’t last: the RBA can’t indefinitely fight and must ultimately follow the Fed. In a recent wire, I substantiated my doubts that central banks in Australia and the U.S. will be able to return the genie of consumer price inflation … [Read more...] about The Risk of Higher Rates the RBA’s Overlooking
Archives for March 2023
Why Australia won’t become a “renewable energy export superpower”
To sustain their grids, world leaders of “renewables” import power. Australia can’t, so it’s either fossil-fuelled backup or blackouts. In a joint media release with Victoria’s Minister for Climate Change and Energy (note the order of the words, which seems to reflect their … [Read more...] about Why Australia won’t become a “renewable energy export superpower”