Blogotariat

Telstra plans big rollout of solar at exchanges, using back up generators in wholesale markets for grid security, but appears to be backing off plans to enter home solar and storage market.

Citi has a pointed piece today on SEEK as it cuts it to sell. It might as well be talking about Australia: Downside risk in ANZ Employment Seek’s core business, ANZ Employment, has delivered particularly strong revenue growth over the past three years, benefiting in particular from strong growth in job ads despite a much

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Iron ore has re-opened in Dalian and immediately sunk to new correction lows, coking coal is down even harder: Big iron ore down a little but not enough. RIO’s coconut business is booming: Big Gas is down and STO is paying for its magnificent strategy of blackmailing the country: Big Gold plods on: The Big

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There was construction by the side of the bike path so the path turned from level tar to sloped, rugged grass. Good for pedestrians and two-wheeled bikes; bad for three wheels. I tried to keep on the right side of the cones but the trike had other ideas and down the slope I went. I was tipping as I came close to the lamppost and me and the BYB fell into it.

Via AFR: One of the nation’s biggest mutual lenders has cut interest-only loans in half and hiked interest rates by 40 basis points, heralding a tough new phase in attempts to cut back on risky borrowing. It means borrowers will have to take out two loans for a single property – a minimum principal and

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It ain’t over ’til it’s over. China’s steel PMI is out today and printed big at 54.8 with new orders ripping higher to 60.5 from 46.9 last month. Output was also thumping along at 58.2 up 2 points: Dalian iron ore is still sagging but not on this data! Always bear in mind that this

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By Leith van Onselen The Reserve Bank of New Zealand (RBNZ) has released its bi-annual Financial Stability Report (FSR), which once again dissects the nation’s (read Auckland’s) housing bubble and warns on risks to financial stability and the macro economy. Below are the key extracts pertaining to the housing market: House price growth has slowed

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By Leith van Onselen CoreLogic’s dwelling price results are in for May, with a 0.98% fall in values recorded over the month at the 5-city level, driven by Melbourne (-1.68%) and Sydney (-1.32%): It was the first decline in home values in 18 months: Over the quarter, price growth slumped to 0.55% at the 5-city

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This is bloody stupid, Pauline, via The Australian: One Nation has put key budget measures worth at least $5 billion in doubt as the minor party hardens its stance against the government’s agenda, declaring it will oppose almost all Coalition bills unless ABC funding is slashed. As leaked recordings embroil One Nation leader Pauline Hanson

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By Gareth Aird, Senior Economist at CBA Key Points: Retail trade growth is soft primarily because demand for discretionary goods has slowed on weak household income growth. The slowdown in sales growth has been broad-based across Australia’s states and retail-related employment has declined. The fall in retail trade volumes growth suggests that disinflation in the

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Via Credit Suisse: Bank Levy: 2-5% cost inflation The 2017/18 budget has announced a 6bp levy on bank liabilities on the four major banks and MQG effective 1 July. However with the initial budget papers scant on details on the levy with have delayed updating our models until the bill was introduced into parliament. Details

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By Leith van Onselen It’s the claim that just won’t die – that Adani’s Carmichael coal project will generate 10,000 direct and indirect jobs. Federal Coalition ministers and the Queensland Government have been making this claim for years, and the media frequently prints the figure. A case in point is the Courier Mail, which printed

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The NSW government is reneging on the small, high quality reform of funding emergency services with a land charge instead of the very bad levy on fire insurance. Blue-rinse dragons of Mosman saw red – they will be paying $500 a year on median land values of $1.84 million while scumbag Fairfield holders with a […]