Blogotariat

So far its been a neutral day for risk markets here in Asia as traders weigh up the potential volatility around the ongoing trade war between the US and China while locally a slew of bad economic news has firmed expectations of a rate cut by the RBA as the Australian dollar remains depressed agianst

The post Macro Afternoon appeared first on MacroBusiness.

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Network operator Ausgrid seeking proposals to expand its virtual power plant, targeting the estimated 5,000 batteries within its network and help defray investment costs.

For you wonderful members. We’re near launching a new site with upgraded comments section and membership management. Same old design so don’t get too excited. Here’s the link if you’d like have a play around. It would be helpful if you check that your membership works! Note that as a beta site it won’t retain

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“It is a strange coincidence that in the same years, in which Labor was creating beyond the Canberra Bubble, a work to last for decades, there was enacted in LNP headquarters one of the most extravagant political farces that were ever produced upon the stage of Australia’s history. The usurper “regents of the commonwealth” did…

The post A Strange Coincidence appeared first on The AIM Network.

Via Chris Joye today: The widespread media consensus that Prime Minister Scott Morrison has “no agenda” is crap. Most critics do not see the agenda because they are projecting their own political prejudices. ScoMo’s agenda is about empowering individual exertion, aspiration and productivity through lower taxes, smaller government, balanced budgets and investments in infrastructure, education,

The post Joye fastened to ScoMo property teat appeared first on MacroBusiness.

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As Albanese emerges as favourite to take Labor leadership, the future of its climate policy will be a contest between pragmatism and ambition.

Dalian iron ore still marching higher: Via Reuters: Steel mills have been operating at low inventory levels and only purchasing hand-to-mouth from ports due to high raw material prices. Market estimated that average iron ore stocks at mills have fallen to around 20 days of use, down from normal inventory levels of 30 days. Ore

The post Iron ore primed to shock upwards? appeared first on MacroBusiness.

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Oh no, at the NYT: The Trump administration is considering limits to a Chinese video surveillance giant’s ability to buy American technology, people familiar with the matter said, the latest attempt to counter Beijing’s global economic ambitions. The move would effectively place the company, Hikvision, on a United States blacklist. It also would mark the

The post Darwin reeling as US to ban Chinese surveillance tech appeared first on MacroBusiness.

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By Leith van Onselen A cabal of speculators that acquired swathes of land on Sydney’s lower north shore, in the anticipation of making a motza once the rezoned for high-rise development, are now sweating on State Government approval. From The Brisbane Times: Developers who have taken a half-billion-dollar gamble on the rezoning of suburban properties

The post Planning racket exposed as Sydney land speculators gamble on re-zoning appeared first on MacroBusiness.

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By Leith van Onselen We already know that Melbourne has experienced insane levels of population growth over the past 14 years, driven by mass immigration: And that the lion’s share of this population growth has taken place in the outer suburbs of the city: Last year, Infrastructure Australia reported that 1.4 million people in the

The post Melbourne’s migrant class war drives economic apartheid appeared first on MacroBusiness.

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Boom! At the ABC: Billionaire apartment developer Harry Triguboff could not hide his delight at the prospect of an interest rate cut in June and the re-elected Morrison Government’s planned help for first home buyers. The Reserve Bank has given its strongest hint yet that interest rates will fall, almost certainly at its June meeting.

The post Highrise Harry ends discounts appeared first on MacroBusiness.

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Over the past year there has an ongoing debate about Australia’s little financial crisis. It was the dramatic widening of bank-to-bank funding costs. Coats starting falling as the Hayne Royal Commission wound up. Westpac explained the spread compression then by observing an abundance of cash: Is the lack of a March “turn” a sign of things

The post So now we know what kills Aussie banks: sunlight appeared first on MacroBusiness.

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