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MacroBusiness Wednesday, August 26, 2015 - 03:40 Source

By Leith van Onselen Another week, another report on how the mining bust in Western Australia has eviscerated Pilbara’s housing market. From The AFR: “The market is dead, and getting worse,” said John Briggs of Port Hedland Real Estate. The massive adjustment to house prices and rentals in the mineral-rich state is occurring across the

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MacroBusiness Wednesday, August 26, 2015 - 03:39 Source

I am pleased to announce that MB Industries has completely sold out of Spruikbot Telephunken U-47s. Indeed, demand has been so strong that MB Industries has recently shifted its manufacturing plant to China where productivity improvements will allow us to triple output at the same cost. We are, therefore, open to new orders. Check out the

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MacroBusiness Wednesday, August 26, 2015 - 03:38 Source

From Fairfax: Tony Abbott confirmed on Tuesday that “some weeks ago” US President Barack Obama had asked him to consider expanding RAAF strikes to Syria. But senior government sources have told Fairfax Media that the driving force for the formal request received last week from the United States for the RAAF to join the air

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MacroBusiness Wednesday, August 26, 2015 - 03:37 Source

By Leith van Onselen Joe Hockey obviously doesn’t believe in the expression: “under promise then over deliver”. Because if he had, there is no way that he would have said the following yesterday in relation to the Budget position. “It’s in our DNA to want to deliver further tax cuts and we will in the

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MacroBusiness Wednesday, August 26, 2015 - 03:29 Source

From Reuters comes an ‘uh oh’ moment for the Aussie property, via Reuters: China said it would launch a three-month crackdown on underground banking to curb money-laundering and illegal funds transfers as unstable markets stoke fears of capital flight. Worries over China’s economic slowdown and possible interest rate rises by the U.S. Federal Reserve have

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MacroBusiness Wednesday, August 26, 2015 - 03:02 Source

Oil managed a modest 2% rebound last night to $43.25 but the chart says it all:   Whether we can stick it here I doubt but let’s wait and see. The long term outlook has also crashed: You can now buy oil seven years out at $62. That’s about right in my book with US

The post Daily LNG price update (consolidation) appeared first on MacroBusiness.

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Poll Bludger Wednesday, August 26, 2015 - 02:00 Source

Thursday, August 27

Latest developments:

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MacroBusiness Wednesday, August 26, 2015 - 00:45 Source

Here are the iron ore chart for August 25, 2015:   Qingdao firmed a little but Tianjin spot did not at $53.40. Paper is biding time while rebar gives up the ghost. Dalian did not follow Shanghai yesterday but it surely can’t hold up with the Hebei shutdowns and any more falls.

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MacroBusiness Wednesday, August 26, 2015 - 00:01 Source

Global Macro / Markets / Investing: Dow futures tumble as Wall Street preps for meltdown – CNBC S&P 500 Index Recovers From Worst Declines Amid Global Selloff - Bloomberg A Stock Market Rout in a Month That Hedge Funds Would Sooner Forget – NY Times The Stock market roller coaster - The Telegraph The Cruel

The post Links 26 August 2015 appeared first on MacroBusiness.

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Harrangue Man Tuesday, August 25, 2015 - 22:52 Source

With thanks to AD&D.I used to draw up my own AD&D character sheets then raid Mum's scotch bottle full of five cent coins and go to the nearest photocopier so I could make up batches of characters. Ah, the '80s. I helped out a colleague in a bind. It was most enjoyable. I value added to the task and helped them meet a tight deadline. The satisfaction from an all in together job to nudge a project over the line is akin to the happy tail pat of just-dam completed beavers (1).Thanks, beavers. My hip feels better. Perhaps the discomfort is muscular and not bone on bone?

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En Passant Tuesday, August 25, 2015 - 21:18 Source

 

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Harrangue Man Tuesday, August 25, 2015 - 19:33 Source

Because I stick my nose into people's affairs I get to meet people who are kewl. I met an Aboriginal man who paints in a contemporary Aboriginal style and I commissioned a kookaburra-themed artwork for theboy. I had bought theboy a burned-into-wood rendering of laughing kookaburras from an old mate selling soldering-iron-crisped artistic woodstuffs in the main artery of the Kippax shopping precinct when theboy was still in utero. It was an impulse purchase to mark theboy's impending arrival.

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The Australian Independent Media Network Tuesday, August 25, 2015 - 19:11 Source

When you think about it, this is rather clever (and too good not to share) and fairly well sums up Tony Abbott’s opinion of you based on his or his government’s announcements as to what he/they consider the un-Australian (anti-government policy) types are.

It was ‘borrowed’ from a meme I came across on Twitter posted by @RunawayBudgie, who I assume created it and as such I will afford him or her the credit. If I may add an introduction, it shall begin with ‘You know Tony doesn’t like you':

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Club Troppo Tuesday, August 25, 2015 - 17:30 Source

The Impact of R&D Subsidy on Innovation: a Study of New Zealand Firms by Adam B. Jaffe, Trinh Le – #21479 (PR)

Abstract:

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Club Troppo Tuesday, August 25, 2015 - 16:42 Source

Cricket Captains

The diagram is here

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The Australian Independent Media Network Tuesday, August 25, 2015 - 16:39 Source

Situated in Tasmania’s north west, the Tarkine is a globally significant wilderness area containing extensive tracts of Gondwanan temperate rainforest. Although not designated as a National Park, or part of the Tasmanian Wilderness World Heritage Area, the area contains a wildly diverse landscape with rich plant and animal life including platypus, echidnas, wombats and the famous Tasmanian Devil.

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MacroBusiness Tuesday, August 25, 2015 - 16:28 Source

Angus Nicholson for Chris Weston, Chief Market Strategist at IG Markets Asia bounces back after “Black Monday” Asian stocks obtained some respite after yesterday’s brutal sell off. Chinese stocks continued their declines, initially opening down over 6%, paring this back to 2.8%, then pushing back to a 4% decline. What is increasingly clear is that

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MacroBusiness Tuesday, August 25, 2015 - 15:58 Source

By Martin North, cross-posted from the Digital Finance Analytics Blog: APRA released their latest quarterly ADI property exposure data today. The publication contains information on ADIs’ commercial property exposures, residential property exposures and new housing loan approvals. Detailed statistics on residential property exposures and new housing loan approvals are included for ADIs with greater than

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Delimiter Tuesday, August 25, 2015 - 15:13 Source

Leaving the Member for Wentworth off Murdoch’s list at this point, taken together with the NewsCorp mogul’s sledge at the NBN, may be a signal indicating where Murdoch’s views on the subject of leadership lie.

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Renew Economy Tuesday, August 25, 2015 - 14:57 Source

If you hear a lot of noise about climate policies and climate action over the next few months in the lead up to the Paris climate conference, it is because there is a lot at stake. According to Citigroup analysts: $US100 trillion of potential stranded assets in the fossil fuel industry.

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Renew Economy Tuesday, August 25, 2015 - 14:57 Source

Victoria’s electricity networks push into commercial solar market and storage as part of strategy that could put them in direct competition with electricity retailers.

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New Matilda Tuesday, August 25, 2015 - 14:56 Source

As the Treasurer drops asinine one-liners about lower taxes and leaners, the deficit remains large and the economic outlook increasingly serious.

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New Matilda Tuesday, August 25, 2015 - 14:55 Source

A new report has called on government to intervene to equip young people with the skills needed in Australia's changing jobs market or face deepening inequality. Thom Mitchell reports.

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Renew Economy Tuesday, August 25, 2015 - 14:45 Source

While utilities in US continue to imply that large-scale solar projects are more economical than small ones, the data is telling another story.

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MacroBusiness Tuesday, August 25, 2015 - 14:31 Source

From The Australian: Buying Australia’s high yielding stocks is a “no brainer”, according to ANZ chief Mike Smith. “I think it was a sort of perfect storm, a whole load of things happened together and markets are fickle, that is the way they operate,” Mr Smith said today in Sydney of the recent carnage in

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Delimiter Tuesday, August 25, 2015 - 14:25 Source

Remember that massive, billion-dollar payroll IT systems disaster at Queensland Health? Remember how the prime contractor IBM disavowed all responsibility for it? And how the Queensland Government subsequently sued the company and banned IBM from any further work with its departments and agencies? Yeah, good times.

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New Matilda Tuesday, August 25, 2015 - 14:20 Source

The inspiring tale of activism that forced a major super fund to ditch a company in the misery business. Matthew Kiem elaborates.

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Cheeseburger Gothic Tuesday, August 25, 2015 - 14:18 Source

Short review.

I loved it. If you enjoyed the Tom Clancy school of the 1980s and would like to see them redone with modern and future technology, just go buy it.

Longer, more considered review.

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Renew Economy Tuesday, August 25, 2015 - 14:13 Source

Climate Council says scientific argument that 2°C a 'safe' level of warming is weakening, and society must almost completely decarbonise in 30-35 years, or sooner, to tackle climate change effectively.

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MacroBusiness Tuesday, August 25, 2015 - 14:08 Source

From The Australian: The Prime Minister said his briefings from Treasurer Joe Hockey and Reserve Bank governor Glenn Stevens indicated it was “not unusual to see bubbles burst” with flow-on effects for global markets but stressed “the fundamentals are sound”. “The good thing is that we haven’t seen any ramifications from the stock market in

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