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North Coast Voices Friday, September 22, 2017 - 00:16 Source

It is becoming clear that Donald Trump wants an all-stops-out war with North Korea and damn the global consequences.The Atlantic, 20 September 2017President Donald Trump dispensed with diplomacy at the United Nations, vowing in his maiden speech to the General Assembly that the United States “will have no choice but to totally destroy North Korea” if it is forced to defend itself or its allies.The remarks, reminiscent of those of Soviet Premier Nikita Khrushchev’s vow in 1968 to “bury” the West, is likely to raise tensions with North Korea, whos

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MacroBusiness Friday, September 22, 2017 - 00:15 Source

By Leith van Onselen The ABS on Tuesday released its property price data for the June quarter, which valued Australia’s dwelling stock owned by households at a record $6.39 trillion, whereas the total housing stock was valued at a record $6.73 trillion. As shown below, the total value of Australia’s dwelling stock owned by households

The post Aussie housing valuations obliterate all records appeared first on MacroBusiness.

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North Coast Voices Friday, September 22, 2017 - 00:15 Source

BuzzFeed News, 14 September 2017:Australia's immigration detention regime is facing a crisis in healthcare staffing following the resignation of the surgeon-general of the Australian Border Force (ABF), and the departure of three senior medical staff on Nauru.Rumours have circulated online for several days that the surgeon-general of the ABF, Dr John Brayley, who oversees the healthcare of asylum seekers in immigration detention, had resigned.BuzzFeed News has now confirmed that the surgeon-general resig

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MacroBusiness Friday, September 22, 2017 - 00:12 Source

By Leith van Onselen Last week I penned an article examining the divergence that has opened up between dwelling price growth, as measured by CoreLogic’s daily index, and the value of housing finance commitments, as measured by the ABS, especially in Melbourne and to a lesser extent Sydney. Below I have conducted the same analysis,

The post More on the hidden Chinese pump driving up Aussie house prices appeared first on MacroBusiness.

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MacroBusiness Friday, September 22, 2017 - 00:12 Source

By Leith van Onselen In the week ended 21 September 2017, the CoreLogic 5-city daily dwelling price index, which covers the five major capital city markets, rose by 0.02%: Values rose everywhere except Sydney: So far in September, home values have risen by 0.20%, driven by Melbourne: So far in 2017, values have risen by

The post CoreLogic weekly Australian house price update appeared first on MacroBusiness.

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MacroBusiness Friday, September 22, 2017 - 00:10 Source

By Leith van Onselen This site has frequently railed against the unfair treatment leveled at Australia’s Millennial generation. This inequity is most apparent in the housing market, where today’s younger generations are being forced to pay far more than their parents to live in smaller and poorly located accommodation. But it extends beyond housing and

The post It’s time for a global Millennials revolt appeared first on MacroBusiness.

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MacroBusiness Friday, September 22, 2017 - 00:09 Source

By Leith van Onselen Statistics New Zealand released its permanent & long-term migration figures for August 2017 yesterday, which revealed that annual net permanent and long-term migration into New Zealand remained near a record high 72,072 people over the year: According to Statistics New Zealand, migrant arrivals were a record high 132,200 in the August

The post NZ Immigration stuck at record levels appeared first on MacroBusiness.

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MacroBusiness Friday, September 22, 2017 - 00:01 Source

Global Macro / Markets / Investing: Bitcoin Price Triple Its True Value, Claims Allianz Economist – Crypto Coin Growth That Reaches Everyone: Facts, Factors, Tools – IMF Warren Buffett Says the Dow Is Going Over One Million – WSJ Billionaire Warren Buffett has won $2 million thanks to a bet he made 10 years ago

The post Links 22 September 2017 appeared first on MacroBusiness.

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Digitopoly Friday, September 22, 2017 - 00:00 Source

Last week, we held the first fully fledged conference on the Economics of Artificial Intelligence here in Toronto. If you take a look here you can see the agenda and papers. It was a good crowd.

We also have videos of all the talks and discussions from the conference including from some of the pioneers of machine learning.

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George Monbiot Thursday, September 21, 2017 - 19:41 Source

Who is the world’s leading environmental vandal? The answer may surprise you.

By George Monbiot, published in the Guardian 20th September 2017

Which living person has done most to destroy the natural world and the future wellbeing of humanity? Donald Trump will soon be the correct answer, when the full force of his havoc has been felt. But for now I would place another name in the frame. Angela Merkel.

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laberal Thursday, September 21, 2017 - 19:21 Source

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The Australian Independent Media Network Thursday, September 21, 2017 - 16:49 Source

Income management isn’t new in Australia, what is new, is the current government’s ideological push to enforce neoliberal policies on an unsuspecting Australia. In 2007, Professor Helen Hughes, wrote ‘Lands of Shame: Aboriginal and Torres Strait “homelands” in Transition.’ A few months before it was published, Hughes gave it to the Office of Indigenous Policy…

The post The standard that you walk past … appeared first on The AIM Network.

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Political Owl Thursday, September 21, 2017 - 16:12 Source
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Renew Economy Thursday, September 21, 2017 - 14:14 Source

A UNSW-built "solar sedan" is taking on a Brisbane-built solar sports coupe in a race across Australia – and to drive as registered vehicles on Australian roads.

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Renew Economy Thursday, September 21, 2017 - 14:05 Source

Australian institutional investors have a strong appetite for low carbon assets, but policy uncertainty and a lack of scalable deals are major barriers.

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MacroBusiness Thursday, September 21, 2017 - 13:34 Source

Cross-posted from The Conversation: The Chinese government’s decision to order several Bitcoin and other cryptocurrencies exchanges to close shows how much of a threat they are perceived to be to financial stability and social order in China. The decision to also ban initial coin offerings altogether (the unregulated means by which funds are raised for

The post China’s cryptocurrency crackdown: a sign of things to come appeared first on MacroBusiness.

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Renew Economy Thursday, September 21, 2017 - 13:05 Source

Garnaut says renewables will cut energy costs to Whyalla steelworks by at least a third, and outlines plans for large scale solar, rooftop solar and pumped hydro and battery storage.

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Political Owl Thursday, September 21, 2017 - 12:34 Source

Abbott's disruption is raising the question: where will it end? File 20170920 16403 1lwa2gd Tony Abbott has reportedly threatened to cross the floor if there is any attempt to legislate a clean energy target.

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Renew Economy Thursday, September 21, 2017 - 12:26 Source

Large-scale power project construction work has broken through 10,000 jobs and rooftop solar installs almost broke 100MW for the month. Given they’ll deliver something close to $180m in bill savings the large lift in solar shouldn’t come as much surprise to anyone but Tony Abbott.

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MacroBusiness Thursday, September 21, 2017 - 11:28 Source

While the flock of bullhawks grows ever larger chasing illusory Australian rate hikes, the stock market is in no doubt about what that means as it screams policy error! The ASX200 is down sharply today and it’s near perfect bearish descending triangle pattern is ready to break to the downside (noting that that is meaningless

The post Bullhawks shove ASX to the brink appeared first on MacroBusiness.

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Renew Economy Thursday, September 21, 2017 - 11:22 Source

Commonwealth Bank shareholders Guy and Kim Abrahams have discontinued their Federal Court proceedings against the bank for failing to disclose climate change risks in annual reports.

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Renew Economy Thursday, September 21, 2017 - 11:15 Source

Infigen Energy announces announces who will be appointed to the Boards of Infigen Energy Limited, Infigen Energy (Bermuda) Limited and Infigen Energy RE Limited (the Infigen Boards).

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Renew Economy Thursday, September 21, 2017 - 11:07 Source

The race is on for storage solutions that can help provide secure, reliable electricity supply as more renewables enter Australia’s electricity grid.

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MacroBusiness Thursday, September 21, 2017 - 10:55 Source

Via the AFR: The managing director of Australia’s biggest brick making company says if a company was ever run as badly as Australia has been in the past 10 years by its politicians, the entire board would step down. Lindsay Partridge was fuming on Thursday as he revealed that Brickworks manufacturing plants were facing a

The post CEO “laughed out of Canberra” for forecasting gas crisis appeared first on MacroBusiness.

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Inside Story Thursday, September 21, 2017 - 10:51 Source

Who would have imagined that educational cooperation between Australia and China would generate so many headlines in 2017?

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MacroBusiness Thursday, September 21, 2017 - 10:48 Source

Citi says so:  Oil markets are persistently misunderstanding this Friday’s meeting of the OPEC JMMC in Vienna, confusing it with an OPEC ministerial meeting and expecting decisions related to whether the producer group plus Russia and other non-OPEC countries will extend and/or deepen their output cuts. Little could be further from reality. The producers

The post Is oil rebalanced at last? appeared first on MacroBusiness.

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MacroBusiness Thursday, September 21, 2017 - 10:29 Source

Often wrong, never in doubt is Gotti: I have been reporting and commenting on large enterprises in the Australian private sector for more than half a century. I have never seen significant lumps of the private sector in such disarray as I am now seeing. And in the case of energy the private sector mess

The post Gotti surveys his empire and weeps appeared first on MacroBusiness.

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MacroBusiness Thursday, September 21, 2017 - 10:19 Source

The MB Fund rock-n-roll thunder tour rolls into Sydney tonight.  The Brisbane and Adelaide legs left screaming teens prostrate on the tarmac… OK, not really, but they were very well received with lively discussion on the prospects for house prices, the Australian dollar, interest rates, bitcoin, the economy, shares, population and the political economy. It was terrific

The post MB Fund rock-n-roll thunder tour hits Sydnay tonight! appeared first on MacroBusiness.

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MacroBusiness Thursday, September 21, 2017 - 10:15 Source

Via Macquarie: China’s domestic thermal coal price continued to rise into September in spite of slower demand from power plants. Spot prices for 5,500kcal coal in QHD are reported to be over Rmb670/t this week, up from Rmb 620/t in the end of August, and official quoted BSPI climbed from Rmb579/t to Rmb583/t over the

The post What’s keeping thermal coal aloft? appeared first on MacroBusiness.

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MacroBusiness Thursday, September 21, 2017 - 10:13 Source

Via Deutsche: Australian consumers suggest the RBA won’t be following the BoC anytime soon; and that Fed Funds should be closer to the RBA cash rate. One stark difference between Australia and Canada is the ‘happiness’ of Canadians (the high level of Canadian consumer sentiment) versus ‘not-so-happy’ Australians (Figure 1). In Figure 2 we plot

The post Another obvious reason to doubt Australian bullhawks appeared first on MacroBusiness.

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