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MacroBusiness
Friday, July 20, 2018 - 05:48
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DXY ran riot last night then crashed on Trump jawboning before rallying again. CNY is crashing. EUR falling: AUD got sucked down as expected: Though emerging markets fell even harder: Gold was the same story: Oil bucked the trend as Saudi jawboned prices higher: Base metals were smashed: And big miners: Plus EM stocks: Oddly, The post Australian dollar trashed as Chinese yuan crashes appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Friday, July 20, 2018 - 05:00
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Iron ore prices for July 19, 2018: Spot up. Paper down. Steel firm. We’re still in the equilibrium. History is repeating for miners. We already have BHP, RIO, FMG and Vale all investing heavily in high grade output. Now India joins them, from Creamer’s: Information and data sourced from industry indicate that overseas shipment and The post Daily iron ore price update (history repeats) appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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The Global Mail - Syndicated Stories
Friday, July 20, 2018 - 01:40
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Is it time to make a toast and celebrate a crypto recovery? I don’t think we are quite there yet. Even as Bitcoin spearheads this resurgence, clearing key buy triggers and resistance lines, some as Ethereum, EOS, and IOTA are […] The post Weekly Cryptocurrency Price Analysis: Bitcoin, Ethereum, Litecoin, EOS, and IOTA appeared first on The Global Mail. |
MacroBusiness
Friday, July 20, 2018 - 00:15
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If you haven’t already, watch Steven Bannon on Trump and China. It is very important that you do so: Readers will know that although I disagree on many things with Steve Bannon, China is not one of them. But I’m going to put aside the debates about whether this is right or wrong today. What matters The post Australia is now the worst placed investment on the planet appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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Harrangue Man
Friday, July 20, 2018 - 00:12
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There was a meeting on and I took my notebook and pen. I left the meeting having used the pen to take notes then stopped at a grimy underused toilet on the way out.The pen fell out of my pocket onto toilet tiles.I chew pens; I knew I would chew this one. I kept it in my pocket until I got off the bus then held it tightly until I got home then binned it. I successfully did not masticate the toilet pen.In a world of small victories this has been one of them. |
MacroBusiness
Friday, July 20, 2018 - 00:10
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By Leith van Onselen Australian Finance Group (AFG) has released its housing finance data for the June quarter, which registered a seasonal quarterly rise in the number of mortgage applications, but with applications falling heavily over the year. The number of mortgage applications rose by a seasonal 4.2% over the March quarter but was down The post Investor mortgage applications crunched appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Friday, July 20, 2018 - 00:10
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By Leith van Onselen In the week ended 19 July 2018, the CoreLogic 5-city daily dwelling price index, which covers the five major capital city markets, declined another 0.11%: Values fell across all major markets except Brisbane: So far in 2018, home values have declined by 2.07%, with only Brisbane and Adelaide recording a value The post CoreLogic weekly Australian house price update: more falls appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Friday, July 20, 2018 - 00:09
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This episode of MB Fund Economist Leith Van Onselen and Strategist David Llewellyn-Smith join Damien Klassen and Tim Fuller as they deconstruct the Australian Housing Market. The webinar covers: the state of housing markets nationally today; a deep dive into Sydney; a deep dive into Melbourne; scenarios and policy responses; investment implications. Enjoy below: Take The post The boom and bust of Australian property appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Friday, July 20, 2018 - 00:08
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By Leith van Onselen Yesterday’s ABS labour force release for June revealed a firmer Australian youth labour market – i.e. those aged 15 to 24 years old – led by a surge in part-time jobs. The trend headline unemployment rate fell to 11.61% in June from 11.85% in May: Whereas total employment growth for those The post Youth labour market joins part-time jobs boom appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Friday, July 20, 2018 - 00:04
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Some nice charts via Vertical Group (which is an MB client in case you’re wondering): While many have attributed the resilience in China’s steel prices this year to Xi Jinping’s “supply-side reform magic”, we believe a much more basic measure is at play. More specifically, we believe that as external pressures began growing last year, intensifying The post How far can China’s latest property bubble up carry it? appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Friday, July 20, 2018 - 00:01
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Global Macro / Markets / Investing: ETFs Unlikely to Cause Widespread Market Disruptions, Research Shows – WSJ Bond Traders Are Way Ahead of the Fed’s Powell – Bloomberg The False Tale of Amazon’s Industry-Conquering Juggernaut – Wired Quant Funds Are Getting a Bad Rap – Bloomberg Trump May Kill the Global Recovery – Project Syndicate Americas: The post Links 20 July 2018 appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Digitopoly
Thursday, July 19, 2018 - 23:16
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At Chicago Booth, there is a panel of famous economists who are posed various economics forecasting and policy questions and you can see which way the economic winds are blowing. The IGM Panel has been running successfully for a few years now. |
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John Quiggin
Thursday, July 19, 2018 - 19:26
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Most people won’t recognise the name “Leo Hielscher” unless they regularly cross the eponymous* bridge (better known by its original name, the Gateway). But he is a figure of great consequence in Queensland, responsible for the downfall of two governments. Hielscher ran the state’s finances for decades, and was the architect of the Bjelke-Petersen strategy of an extractive economy based low taxes, low services and low skill. His proudest boast was the state’s AAA credit rating |
MacroBusiness
Thursday, July 19, 2018 - 16:46
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A strong unemployment print locally buoyed Aussie stocks as the rest of Asia sold off on the back of a much lower Yuan while the BOJ tapers its bond buying program. The Japanese are also wary given the growing trade surplus with the US, with Wall Street confidence also to be tested later tonight as The post Macro Afternoon appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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The Australian Independent Media Network
Thursday, July 19, 2018 - 15:30
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Longman is a federal electorate in Brisbane’s north held since the 2016 election by Susan Lamb for Labor. Lamb was born in Mackay, Queensland of a British father and Queensland born mother. Her own legal advice confirmed that she obtained British citizenship by descent at birth. So, she applied to renounce her British… The post The Longman By-Election appeared first on The AIM Network. |
Renew Economy
Thursday, July 19, 2018 - 15:08
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IEA reoprt says final investment decisions for coal power plants fell by 18% in 2017, to just a third of 2010 levels. And in India, investment in renewable power beat investment in fossil fuels for the first time. |
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The Australian Independent Media Network
Thursday, July 19, 2018 - 15:06
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“A fragment does not give us that continuously changing truth … ” (Anais Nin). We now live our lives in fragments. Small moments of awareness, like a penny peep-show of old. Wisdom and knowledge in photo-ops and literary grabs of no more than a thousand words … written in a witty and evocative hand. Hinting… The post Descend into darkness … appeared first on The AIM Network. |
Renew Economy
Thursday, July 19, 2018 - 14:54
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Jaguar says two thirds of Australians could own an EV within 10 years, with millennials more likely to buy one than baby boomers, and men more likely than women. |
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Renew Economy
Thursday, July 19, 2018 - 14:45
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The Independent Planning Commission has rejected plans for an energy-from-waste facility in Sydney’s west citing ‘uncertainty’ over human health and environmental impacts. |
Renew Economy
Thursday, July 19, 2018 - 14:29
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BMW has announced that its hybrid electric i8 Roadster, plus a fresh look i8 Coupé, is ready to buy for cashed up Australian EV enthusiasts. |
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MacroBusiness
Thursday, July 19, 2018 - 14:25
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The Aussie is trying but largely failing to rally on today’s jobs numbers: The big headwind is a tumbling CNY: Bonds are weak: And XJO firm: Dalian too: And Big iron: Big Oil is down: Big Gold is looking tired: Big Mortgage wants to go higher still: Big Realty is going nowhere: If the CNY The post Falling yuan lands on Australian dollar appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Renew Economy
Thursday, July 19, 2018 - 13:57
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Peaking plant in South Australia fined for not following instructions after network fault that forced BHP's Olympic Dam to wind down production and narrowly averted wider blackouts. |
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Renew Economy
Thursday, July 19, 2018 - 13:50
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One of Victoria's first large-scale solar projects, IIG's merchant funded Swan Hill solar farm, has been formally opened. |
MacroBusiness
Thursday, July 19, 2018 - 13:15
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By Leith van Onselen Last weekend, CoreLogic released its preliminary auction clearance rates, which revealed the following results: CoreLogic has released its final auction results, which reported a large 5.5% decline in Sydney’s auction clearance rate to just 46.9%, with Melbourne’s also falling by 3.8% to 56.2%: According to CoreLogic, Sydney’s auction clearance rate fell The post Sydney’s final auction clearance rate plunges deeper into 40s appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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Renew Economy
Thursday, July 19, 2018 - 13:13
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Australian CleanTech Index has outperformed ASX200 by cumulative 89% over last five financial years and, for fifth year in row has outperformed the wider market. And investors are making handsome profits. |
MacroBusiness
Thursday, July 19, 2018 - 12:30
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For those suffering from “Trump derangement syndrome” here a Trump 101 series from Steven Bannon via CNBC. On Russia: On NATO: On China: On US politics: Not much reassurance there for the one trick pony Downunder except, of course, if you believe in liberal democracy. The post Bannon: Trump is at “economic war” with China appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Thursday, July 19, 2018 - 12:17
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By Leith van Onselen As summarised earlier, the Australian Bureau of Statistics (ABS) today released its labour force report for June, which registered a 50,900 increase in total employment but an unchanged headline unemployment rate of 5.4%, driven by rising labour force participation. In trend terms, the unemployment rate fell marginally from 5.43% to 5.41%: The post Employment in detail: Not bad, could be better appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Thursday, July 19, 2018 - 12:00
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Via Bloomie: That’s the consensus from a Bloomberg survey of 15 economists, over a third of which have turned more pessimistic within the last three months. Sydney’s slump is poised to deepen, with the median peak-to-trough price fall estimated at 10 percent compared to 5 percent for the country as a whole. Still, the data The post Bloomberg: Sydney & Melbourne house prices to fall for years appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Thursday, July 19, 2018 - 11:45
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By Leith van Onselen Earlier this month we revealed that Chinese tourist numbers had hit an all-time high 1.4 million in the year to May, with their share of total tourists also at a record 15.8%: Today, Minister for Tourism, Steve Ciobo, revealed that Australia’s tourism spend – comprising both domestic and international tourists – increased by The post Chinese drive record $107 billion tourism spend appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Thursday, July 19, 2018 - 11:45
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It’s not seasonal, either, via S&P: Arrears on Australian prime home loans increased in May. The Standard & Poor’s Performance Index (SPIN) for Australian prime mortgages rose to 1.38% in May from 1.36% in April, according to a recent report by S&P Global Ratings. The SPIN for nonconforming mortgages fell to a record low for The post Major bank mortgage arrears climb to highest since 1990s appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |