Blogotariat

Oz Blog News Commentary
MacroBusiness Monday, January 21, 2019 - 14:00 Source

by Chris Becker As US stock markets recover from the December rout, even as the Trump shutdown rolls into its 29th day, it’s critical to look at what goosed the S&P500 to its previous highs before this latest correction. A year into Trump’s presidency and the US economy was sailing along if measured by lower

The post Trumps tax cuts trickle into nothing appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 1
The Australian Independent Media Network Monday, January 21, 2019 - 13:34 Source

In 2006, British contractor Nick Stride was hired to work on the refurbishment of a palace under construction for Russia’s First Deputy Prime Minister, Igor Shuvalov, on his estate outside Moscow. The project included the construction of a luxurious greenhouse known as the “Wintergarden,” and the cost of the refurbishment is thought to be in excess…

The post Russian whistle-blower denied asylum in Australia appeared first on The AIM Network.

Read more Views: 9
MacroBusiness Monday, January 21, 2019 - 13:30 Source

By Leith van Onselen Today’s Lending Finance data for November, released by the ABS, revealed that personal and renovation finance continues to collapse. Personal finance commitments were down 9.5% over the year, are down 26% since the March 2013 peak, and are tracking at the lowest level since late 2002: In a similar vein, renovation

The post Renovation finance slump continues appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 14
MacroBusiness Monday, January 21, 2019 - 13:30 Source

by Chris Becker The Chinese GDP print has seen the Australian dollar fall back to the Friday night session lows at 71.50: With Kiwi also falling: But stocks are still well bid in response to the surge on Wall Street on Friday night, although the ASX200 is now treading water. Amid all the GDP prints –

The post Australian dollar lower on Chinese GDP print appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 10
MacroBusiness Monday, January 21, 2019 - 13:00 Source

By Leith van Onselen Former New Zealand skills minister Steven Joyce is currently reviewing the vocational education and training (VET) sector for the federal government. Joyce says it has become clear to him that there is an inherent bias against VET in Australia in favour of universities, and that he was surprised about the lack

The post Review: Bias against vocational training ‘needs fixing’ appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 9
MacroBusiness Monday, January 21, 2019 - 12:30 Source

by Chris Becker From the bowels of Ross Gittins comes “Positions vacant: the nation needs economists (women preferred)” Never in the field of economic conflict was so much analytical effort devoted to so few… as in Reserve Bank governor Philip Lowe’s one-man crusade to save the economics profession. This latter-day Lord Kitchener wants more young

The post More economists with balls needed appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 15
The Australian Independent Media Network Monday, January 21, 2019 - 12:28 Source

The internet, or to be more exact, social media on the internet is now the weapon of choice for political control … saturation propaganda or the more subtle persuasions of individual messaging via subliminal texts are becoming the norm of political leafleting throughout Western countries … Where once “speaker’s corners” told the interested public from…

The post The new “weapon of choice” appeared first on The AIM Network.

Read more Views: 14
Renew Economy Monday, January 21, 2019 - 12:09 Source

cleantechDemonstrating resilience in rising and falling markets, the three-year performance of the Australian CleanTech Index is nearly 30% ahead of the ASX200.

The post Cleantech stocks remain resilient as broader market falls appeared first on RenewEconomy.

Read more Views: 16
Renew Economy Monday, January 21, 2019 - 12:05 Source

Second installment of National Electricity Market (NEM) Year in Review looks at how the energy mix evolved in 2018 – the year of large-scale solar.

Read more Views: 14
MacroBusiness Monday, January 21, 2019 - 12:01 Source

By Leith van Onselen Australia’s speculator frenzy continues to unwind abruptly, according to today’s Lending Finance data for November, released by the ABS. As shown below, the annual value of investor loans in New South Wales (read Sydney) is falling fast, as is Victoria (read Melbourne). Investor loans in the other major jurisdictions are also in

The post NSW/VIC investor mortgage crash deepens appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 17
MacroBusiness Monday, January 21, 2019 - 11:45 Source

By Leith van Onselen The Australian has stepped-up its scare campaign against Labor’s negative gearing and capital gains tax (CGT) reforms, arguing that Labor risks alienating its voter base and losing crucial votes in the upcoming federal election. Here’s Adam Creighton and Michael Roddan: More than a quarter of all Australians who own an investment property

The post Labor has little to fear from negative gearing policy appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 15
MacroBusiness Monday, January 21, 2019 - 11:15 Source

By Leith van Onselen Construction expert David Chandler says he was not surprised about the structural problems that have afflicted Sydney’s Opal Tower. Chandler, who is a former CEO of Fletcher Construction Group and who chaired the inquiry into the flawed $16.2 billion school halls national building project, says little seems to have been done

The post Expert: Opal Tower a “sign of industry trouble” appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 14
MacroBusiness Monday, January 21, 2019 - 10:45 Source

By Leith van Onselen The destruction of Sydney’s residents’ living standards from endless immigration-fuelled population growth is well documented. As the city’s population has ballooned by 960,000 people over the past 13-years, we’ve seen traffic congestion worsen immensely: And housing affordability deteriorate to levels that are amongst the worst in the world: The crush-loading is

The post High-rise schools an expensive failure appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 20
The Tally Room Monday, January 21, 2019 - 10:30 Source

The state election in New South Wales is just over two months away, and my complete guide to the election is now published here.

The guide includes profiles of all 93 seats, as well as a guide to the Legislative Council election.

I can now also provide a list of every candidate for the state election that I know of. Thanks to Nick Casmirri for doing much of the work finding candidates.

Read more Views: 15
MacroBusiness Monday, January 21, 2019 - 10:24 Source

From Roy Morgan Research: Roy Morgan Business Confidence fell by 1.6pts (-1.4%) in December to end 2018 at 112.2 continuing a trend which has seen Business Confidence decline in six out of the last seven years in the final month of the year. Business Confidence ended 2018 a significant 5.2pts below its level of a

The post Business confidence continues to trend lower appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 15
MacroBusiness Monday, January 21, 2019 - 10:00 Source

By Leith van Onselen Systemic wage theft, usually involving migrants, continues to pervade across the Australian economy. Over the weekend, we got another dose, with a Melbourne company and two individuals fined $335,664 for underpaying Chinese workers at a Melbourne 7Eleven franchise and Japanese restaurant. From Human Resources Director: Xia Jing Qi Pty Ltd, which

The post Migrant wage theft continues to run riot appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 14
The Australian Independent Media Network Monday, January 21, 2019 - 09:38 Source

A few weeks ago, Peter Dutton expressed the view that Turnbull didn’t have a “political bone in his body”. While political commentary tends to be about politics, I’m often more interested in the subtext behind any comment that a politician makes. I mean, are we meant to conclude that this is a bad thing and…

The post The Appeal Of Donald Trump, The Political Bones Of Peter Dutton And Other Carcases! appeared first on The AIM Network.

Read more Views: 18
MacroBusiness Monday, January 21, 2019 - 09:30 Source

By Chris Becker  A very strong finish to the week on Friday night with European stocks leading the charge and then US bourses pushing higher as reports suggested that China may offer a big take up in USD to offset its massive trade imbalance with the US and stave off any further tariffs in the trade

The post Macro Morning appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 17
MacroBusiness Monday, January 21, 2019 - 09:30 Source

By Leith van Onselen Morgan Stanley has joined the conga-line of analysts downgrading their outlook for the Australian housing market, revising its forecast peak-to-trough property decline from 10%-15% to 15%-20%. From The AFR: House price falls are steeper than thought as key indicators, ranging from rental conditions to credit supply, weaken… The research says credit

The post Mortgage Stanley: Aussie house prices to fall 15-20% appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 17
MacroBusiness Monday, January 21, 2019 - 09:00 Source

By Leith van Onselen Once again, the chair of the Migration Council of Australia (MCA) and big business lobbyist for the Australian Industry Group (AIG), Innes Willox, has penned an article in The Australian claiming that skills shortages are widespread, thus necessitating ongoing mass immigration, while also hypocritically bemoaning high youth labour underutilisation: Just as skill

The post Migration Council chair pumps more skills shortage propaganda appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 20
MacroBusiness Monday, January 21, 2019 - 03:00 Source

By Leith van Onselen The 15th Annual Demographia International Housing Affordability Survey has been released and, once again, it ranks Australia as having one of the most expensive housing markets out of the countries surveyed even though affordability has improved over the past year on the back of heavy house price falls. This year’s report

The post Demographia 2019 International Housing Affordability Survey appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 17
MacroBusiness Monday, January 21, 2019 - 00:30 Source

by Chris Becker Friday saw a broad lift in spot prices and futures across the iron ore complex, taking into account Rio Tinto’s force majeure following a fire at its Cape Lambert export terminal and speculation that there maybe a resolution to the trade war between China and the US soon. Here are the prices and

The post Daily iron ore price update (up and away) appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 22
MacroBusiness Monday, January 21, 2019 - 00:20 Source

By Leith van Onselen After spending years telling us that Australian housing was not a bubble and Australia’s world-beating housing debt was “not a situation for concern”, Australian Treasury officials have warned the Morrison Government that Australia’s household debt will become unmanageable if unemployment rises. From The AFR: “A large increase in unemployment would quickly see

The post Australian Treasury sounds the property alarm appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 30
MacroBusiness Monday, January 21, 2019 - 00:17 Source

By Leith van Onselen The Howard Government’s decision to allow self-managed super funds (SMSFs) to leverage into property and other investments was a mistake. Specifically, it allowed SMSFs to be turned into speculative vehicles rather than savings vehicles, in turn dramatically increasing the riskiness of Australia’s retirement savings and financial system, further inflating Australian house

The post ATO: SMSF mortgages a ticking time bomb appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 28
MacroBusiness Monday, January 21, 2019 - 00:10 Source

By Leith van Onselen The latest Roy Morgan Research (RMR) unemployment estimate for December rose 0.2% to 9.7% but fell 0.1% over the year: Below are the key points from the release: Australian unemployment of 9.7% (down 0.1%) and under-employment of 8.8% (down 0.8%) are both down on a year ago driving a 0.9% fall

The post Roy Morgan unemployment 9.7% as jobs growth fades appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 17
MacroBusiness Monday, January 21, 2019 - 00:08 Source

CBA Senior Currency Strategist, Joseph Capurso, has produced a new research report arguing that “China’s economic miracle is over” owing to slowing productivity growth and demographic headwinds. This will drag China’s growth down “from around 6% currently to around 4% by 2030”: According to Capurso, despite the slower growth, China may still escape the so-called

The post With productivity decelerating, China’s economic miracle is over appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 20
MacroBusiness Monday, January 21, 2019 - 00:01 Source

  Macro & Markets The world favors immigration and working with other countries, WEF report claims – CNBC…a WEF report would… Why the Quants Aren’t Adding Up – Bloomberg China offers 6-year plan to boost US imports and erase imbalance – Nikkei Asian Review ‘Bear Market’ Is an Arbitrary Label, but Using It Can Hurt

The post Links 21 January 2019 appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 20
oecomuse Sunday, January 20, 2019 - 22:31 Source

This post is written on the assumption that the current Australian government is defunct. Every outward sign appears, on my reading, to be the tip an iceberg, moving rapidly across the rising electoral oceans, to sink the Liberal Party of Australia. Good.

Read more Views: 26
The Australian Independent Media Network Sunday, January 20, 2019 - 19:53 Source

Some think, that the Rationall Spirits flye out of Animals, (or that Animall we call Man) like a swarm of Bees, when they like not their Hives, finding some inconvenience, seek about for another Habitation: Or leave the Body, like Rats, when they finde the house rotten, and ready to fall. — Margaret Cavendish Newcastle, Philosophical…

The post ScoMo, where’s your trousers? A week of epic failure. appeared first on The AIM Network.

Read more Views: 26
John Quiggin Sunday, January 20, 2019 - 19:43 Source

Prediction is a mugs game, but, watching the Brexit trainwreck, I can’t resist. Over the fold, my predictions from mid-December. So far, everything has gone as I predicted, but I didn’t anticipate how badly May would be defeated, or how strongly Parliament would reassert itself.

I now think that the “No Deal” option will be off the table sooner rather than later. Either May will capitulate to Corbyn’s demand or Parliament will force the issue somehow.

Read more Views: 24

Pages