|
MacroBusiness
Friday, June 23, 2017 - 10:55
Source
Via AFR: The days of Chinese companies bidding up asset prices in Australia appear to be numbered, after the banking regulator in Beijing ordered a review of the sector’s exposure to the most acquisitive private firms. The companies singled out for review include property and entertainment conglomerate Dalian Wanda, which has interests in Sydney and The post Did China just yank the handbrake on Strayan commercial property? appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Friday, June 23, 2017 - 10:50
Source
By Leith van Onselen Lost among the ruckus over the South Australian Budget’s implementation of its own bank levy was the announcement that foreign buyers and temporary residents will also be levied an additional 4% stamp duty from 1 January 2018: Surcharge on foreign buyers of residential property The State Government is introducing a conveyance The post SA joins bigger states in taxing foreign property buyers appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
|
MacroBusiness
Friday, June 23, 2017 - 10:43
Source
From NAB: NAB has today announced changes to its variable home loan interest rates, effective Friday 30 June 2017. The following three changes have been announced: The interest rate for owner occupiers making principal and interest repayments will decrease by 0.08% per annum, to 5.24% per annum The interest rate for owner occupiers making interest The post NAB joins specufestor interest-only smash appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
The Australian Independent Media Network
Friday, June 23, 2017 - 10:11
Source
By Jane Salmon Piling on against Hanson is hard to resist. She’s under-educated and holds the entire nation back. There is not a vulnerable or minority group she hasn’t tried to isolate or turn the white middle Australian bogan pack on. This is more of the same. However, disability parents owe her thanks for this… The post Pauline says segregate, I say integrate. Who would you trust? appeared first on The AIM Network. |
|
MacroBusiness
Friday, June 23, 2017 - 10:07
Source
By Leith van Onselen Last week, Victoria’s Planning Minister, Richard Wynne, assured Melbournians that a fire like the one which engulfed London’s Grenfell Tower, killing more than 50 people, could not happen in Melbourne: “This would not be possible in Melbourne, or Australia in fact, because we have the strongest building codes really of any The post How extensive is flammable cladding across nation’s high-rises? appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
John Quiggin
Friday, June 23, 2017 - 10:02
Source
A few weeks ago, Queensland Premier Palaszczuk and Adani’s Australian head, Jeyakumar Janakaraj opened the company’s new Regional Headquarters in Townsville. It was announced that “Townsville will benefit from about 500 jobs in Adani’s regional headquarters and about half of those should happen within weeks”. “Within weeks” can mean anything, I guess but the obvious interpretation is that things ought to be happening about now. |
|
xkcd.com
Friday, June 23, 2017 - 10:00
Source
|
MacroBusiness
Friday, June 23, 2017 - 09:48
Source
By Leith van Onselen You don’t have to be a rocket scientist to acknowledge that the unprecedented immigration-fueled population growth into Victoria: Which is projected to continue ad infinitum: Necessarily requires massive infrastructure spending to ensure that incumbent residents’ living standards are not eroded. So why then has the Victorian Government slashed funding for road The post Victoria’s roads crack-up amid population deluge appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
|
MacroBusiness
Friday, June 23, 2017 - 09:45
Source
Via UBS: US$ Earners Outperform In Face Of Stronger AUDUSD Our “US$ Earners” (which make up 17% of the ASX200 market cap) have continued to outperform the broader market this year despite a moderately stronger AUDUSD, posting an average return of 13.7% versus 3.1% for the ASX200 over the last six months. The decoupling of The post Dollar-exposed industrials moonshot appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Friday, June 23, 2017 - 09:32
Source
By Leith van Onselen It’s now official. The Senate last night voted 34-31 in favour of the Turnbull Government’s schools funding package. It follows two days of parliamentary debate over the package, which the Government agreed to increase from $18.5 billion to $23.5 billion in order to gain the support of Senate crossbenchers. The first The post Gonski onski as Senate passes bill appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
|
MacroBusiness
Friday, June 23, 2017 - 09:30
Source
Macquarie has released its monthly Chinese steel mill survey and it paints a picture of a sector in rude health: Opinions on the outlook for the steel and iron ore markets appear to have diverged in line with recent price performance. Steel mills and steel traders are more optimistic in our latest survey than The post Chinese steel sector thumping along appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Friday, June 23, 2017 - 09:12
Source
A fading China, downgrades, levies, housing bubbles and no growth. Why would you own an Aussie bank? UBS see more to come: South Australia hits the banks with a further State Bank Levy In today’s South Australian budget, Treasurer Tom Koutsantonis announced it will be introducing a state based Bank Levy on the Major banks The post Australian banks re-risked appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
|
MacroBusiness
Friday, June 23, 2017 - 09:03
Source
Via the ABC: It is said “success breeds success”, but at troubled professional accounting body CPA Australia, it seems failure is delivering a pretty healthy revenue stream. Amid mounting controversy about CPA Australia’s management style, heavy spending on promoting its chief executive officer Alex Malley as well as his $1.8 million pay packet, heavy losses The post ABC joins Naked CEO roasting appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Friday, June 23, 2017 - 08:25
Source
By Chris Becker A mixed night – read: traders looking at each other working out what to do – as oil hovered at its recent lows, Treasuries sold off and USD remained firm as US stocks put in a scratch session, unable to decipher the latest domestic political agenda, particularly for healthcare stocks. In The post Macro Morning appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
|
The Australian Independent Media Network
Friday, June 23, 2017 - 07:30
Source
By Keith Davis “I have never had to flee my country in order to save my life. How lucky am I? I have never had to fear being returned to a country where the likely consequence of such an unwanted move would be my death. How lucky am I?” I wrote those words many months… The post Gaziur (Gazi) Rahman – the brutal treatment of a worthy New Australian. appeared first on The AIM Network. |
MacroBusiness
Friday, June 23, 2017 - 04:54
Source
The conniption begins, from Chanticleer: Bad policy clearly breeds bad policy, as shown by South Australia’s $370 million tax on the big four banks and Macquarie Group. But South Australian Treasurer Tom Koutsantonis has created a problem for himself by aligning his “super profits” tax on the banks with the state’s share of the national The post Bank protection racket explodes appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
|
MacroBusiness
Friday, June 23, 2017 - 04:00
Source
Remember Nathan Birch? He’s dumping properties: For a long time now, I’ve been collecting properties like kids collect action figurines in a happy meal. I never like to see one go. But recently, the finance environment has changed… It’s a bitter pill to swallow for a buy and hold investor – but I need to The post Mr IQ begins dumping properties appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Antony Green's Election Blog
Friday, June 23, 2017 - 01:48
Source
My statistical analysis of the 2017 Western Australian election has now been published. |
|
MacroBusiness
Friday, June 23, 2017 - 00:50
Source
By Leith van Onselen With the release this week of the ABS residential property price data for the March quarter, it is an opportune time to once again plot house prices against total finance commitments (excluding refinancings) as also measured by the ABS. First, below is the national picture, which shows finance approvals typically leading The post ABS house prices re-converge with finance appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
North Coast Voices
Friday, June 23, 2017 - 00:18
Source
The 226 members of the House of Representatives and Senate will receive a base salary which is almost six times higher than the June 2017 full-time minimum wage – commencing on 1 July 2017.Excerpts from Remuneration Tribunal 2017 Review of Remuneration for Holders of Public Office Statement, 22 June 2017: The Tribunal has decided to increase remuneration by 2 per cent for public offices in its jurisdiction, with effect from 1 July 2017……. |
|
North Coast Voices
Friday, June 23, 2017 - 00:16
Source
Currently the Australian Citizenship Legislation Amendment (Strengthening the Requirements for Australian Citizenship and Other Measures) Bill 2017 is before the Australian Parliament.This bill raises the bar on applications for citizenship and increases the power of the Minister for Immigration and Border Protection, Peter Dutton, over the citizenship process - including granting him the power to override Administrative Appeals Tribunal decisions on citizenship applications.One of the components of this bill |
MacroBusiness
Friday, June 23, 2017 - 00:15
Source
By Leith van Onselen The Australian Bureau of Statistics (ABS) yesterday released its quarterly labour force report, which breaks-down employment at the industry level to May 2017. Below are some key charts, which present the changes in employment aggregates on a trend basis. First, the quarterly change in employment by industry: As you can see, The post The rise and rise of government-funded jobs appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
|
MacroBusiness
Friday, June 23, 2017 - 00:15
Source
By Leith van Onselen A wide disconnect has opened up between the pay rises being received by federal politicians and senior bureaucrats compared with the rest of the population. This disconnect is shown clearly in the latest wages price data from the ABS, which showed public sector wages growing far more strongly than the private The post Politicians feast while your pay goes backwards appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
North Coast Voices
Friday, June 23, 2017 - 00:15
Source
On 19 June 2017 The Greens Senator Larissa Waters moved an amendment to the Treasury Laws Amendment (GST Low Value Goods) Bill 2017.This amendment sought to remove the Goods and Services Tax (GST) from sanitary products used by the vast majority of Australian women and girls during their reproductive years.The Australian Parliament Senate Hansard recorded the fate of this proposed amendment of 19 June |
|
MacroBusiness
Friday, June 23, 2017 - 00:10
Source
By Leith van Onselen In the week ended 22 June 2017, the CoreLogic 5-city daily dwelling price index, which covers the five major capital city markets, surged by 0.72%: The surge in prices was driven by Sydney and Melbourne: So far in June, home values have risen by 0.92%, driven by Sydney, Melbourne and Perth: The post CoreLogic weekly Australian house price update appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Your Democracy
Friday, June 23, 2017 - 00:07
Source
|
|
MacroBusiness
Friday, June 23, 2017 - 00:05
Source
Iron ore charts for June 22, 2017: Tianjin benchmark rose 1% to $56. Paper fell late and overnight. Steel has not updated. From Reuters: Iron ore exports from India were down 53 per cent in the past two months as China, a major consumer, took better quality ore from Australia to feed its integrated steel The post Daily iron ore price update (supply curtailments) appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Friday, June 23, 2017 - 00:03
Source
Via Caixin: (Beijing) — China’s banking regulator has recently asked lenders to assess their credit-risk exposure to companies active in overseas acquisitions, sources close to the regulator told Caixin, as the country continues to curb a shopping spree that led to a record capital exodus last year. The China Banking Regulatory Commission said the risk The post China’s capital flight crackdown shifts to the mighty appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
|
MacroBusiness
Friday, June 23, 2017 - 00:01
Source
Global Macro / Markets / Investing: Price manipulation in the Bitcoin ecosystem – VOX Blockchain’s Brave New World: Initial Coin Offerings – Forbes The most important charts in the world from the brightest minds on Wall Street – Business Insider Is there ideal portfolio construction for seed funds? – Medium High-Yield Carnage Stays Contained for Now – Bloomberg In the The post Links 23 June 2017 appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Cheeseburger Gothic
Thursday, June 22, 2017 - 22:45
Source
Bless you, HBO. Bless your glorious cotton socks. Delivering us a heart-pumping, loin-girding, ab-touching cracker of a trailer right on the Winter Solstice. |
