Blogotariat

Here is Penny Wong’s speech yesterday on Australia-China relations: The Australia China Business Council has existed for almost as long as Australia has had diplomatic relations with China. Our oldest non-government institutional link with China, you play a key role in the bilateral relationship between our two countries. This role is perhaps even more important

The post Penny Wong welcomes her new Chinese overlords appeared first on MacroBusiness.

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Via Westpac: Following a decisive shift down from USD0.78, during April-May, the Australian dollar has flirted with the USD0.75 figure on a number of occasions, but has been unable to sustain a break below. This has been despite a significant (if short-lived) bout of political instability in Europe and a continuation of the US dollar

The post Westpac: Australian dollar falling to 70 cents appeared first on MacroBusiness.

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The bear market in the banks is well and truly intact: But one would be remiss to not note the fantastic strength that they have shown over the past few days as global market shook around them. What gives? First, the banks were oversold and ripe for a bounce. Second, that rebound can come from

The post Are the banks entering a tradeable rally? appeared first on MacroBusiness.

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By Leith van Onselen SQM Research has released its rental vacancy series for May, which revealed a steady national vacancy rate over the month but a 0.2% decline over the year: Over the year, decreases in vacancies were recorded in Adelaide (-0.4%), Perth (-1.0%), Brisbane (-0.6%) and Canberra (-0.2%), whereas increases were recorded in Sydney

The post Sydney’s rental market continues to weaken appeared first on MacroBusiness.

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Global Macro / Markets / Investing: The U.S. would take a bigger hit, given that $50 billion represents about 38% of US exports to China, while the same dollar amount represents only 10% of Chinese exports to the U.S – S&PGlobal While political analysts were quick to declare the end of the G7’s coherence, integrity, and

The post Links 20 June 2018 appeared first on MacroBusiness.

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The Ramsay Centre for Western Civilisation aims to educate Australians not only in the facts of Western Civilisation, but also in its beauties and wonders and its enduring relevance to Australian life going forward. Can it succeed in those aims? No.

My thoughts in Independent Australia on the Government and the Liberal Party’s anti-ABC  approach. They would destroy the ABC if they could.

Yes, it’s Futureboom! but it’s not the RBA nor Treasury. It’s the NSW Budget: Note the wage price index and population growth. Wages are magically going to surge right alongside new waves of cheap coolies. And that’s going to keep consumption up even as house price fall: This strength has been underpinned by households—through dwelling investment

The post NSW Budget discerns Futureboom! appeared first on MacroBusiness.

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It took the offer of a Chinese company to bring better telecommunications to the Solomon Islands to remind our government of the value of soft diplomacy. After years of savage cuts to the Foreign Aid budget, ironically accompanied by huge increases in the defence and arms industry budgets, all of a sudden we can find…

The post The government ignores the value of the ABC appeared first on The AIM Network.

The Age’s comparison of the density of Melbourne’s CBD with the density of New York City might massage the prejudices of its readers, but it’s rubbish Is Melbourne the new New York? Advertisements

Massachusetts Senate unanimously passes energy bill promising to dramatically reshape the vehicles and fuels that power its transportation system.

UNSW academics compare campaign against wind and solar and high renewable energy scenarios led by pro-nuclear lobbyists to efforts by the tobacco industry to sow fear and uncertainty and delay action.

The NEG does nothing. It won’t lower prices, it won’t reduce the large gentailer influence, it won’t bring about new investment. In short, it's fraud as far as policy goes.