Blogotariat

Oz Blog News Commentary
MacroBusiness Thursday, September 19, 2019 - 09:20 Source

Liugate rolls on today without the slightest interruption. Indeed, there are signs that it is getting worse. The protection racket around PM Morrison run by The Australian is fraying. First, from Strewth: Another day, another Gladys Liu fundraiser across Strewth’s desk. The latest is “an exclusive cocktail event” presented by the Pinnacle Club (a fundraising

The post Gladys Liu disaster turns “daggy dad” into “Liar from the Shire” appeared first on MacroBusiness.

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

Read more Views: 23
MacroBusiness Thursday, September 19, 2019 - 09:00 Source

Texture from Reuters: “Market will further evaluate the impact on steel products’ consumption and output from the coming National Day holiday,” Huatai Futures wrote in a note, adding that the underperformance of the newly launched iron ore futures contract based on new delivery rules also affected sentiment. That’s about it right now as Beijing seeks

The post Daily iron ore price update (roll over) appeared first on MacroBusiness.

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

Read more Views: 18
MacroBusiness Thursday, September 19, 2019 - 09:00 Source

By Chris Becker  The US Federal Reserve cut interest rates as expected overnight at the FOMC meeting, but the response has been mixed across risk markets. The USD rose significantly against the majors, although gold was spared, with Treasury yields jumping across the curve. Stock markets were less fussed, with scratch sessions dominating across both

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: 12
MacroBusiness Thursday, September 19, 2019 - 05:45 Source

DXY was strong last night with EUR and CNY fading: The Australian dollar was universally sold: Gold took a hit and looks vulnerable for more: Oil retraced further: As did metals: And miners: Plus EM stocks: Junk did better: Treasuries and bunds sold: Aussie bonds were bid: Stocks fell moderately: The culprit was the Fed:

The post Australian dollar hammered by hawkish Fed rate cut appeared first on MacroBusiness.

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

Read more Views: 26
Poll Bludger Thursday, September 19, 2019 - 02:42 Source

Latest Brexit developments, stalemate in Israel and previews of elections in Austria, Portugal, Poland and Canada. Guest post by Adrian Beaumont.

The post Brexit, Israeli election results and upcoming elections appeared first on The Poll Bludger.

Read more Views: 31
MacroBusiness Thursday, September 19, 2019 - 00:10 Source

Via the always CCP happy clappy AFR: The a2 Milk Company chief executive Jayne Hrdlicka has dismissed suggestions that Chinese authorities delayed approving a licence for rival Bellamy’s Australia to drive down its share price. She said Chinese regulators had taken a “logical and sensible” approach to managing the country’s infant formula market. Ms Hrdlicka,

The post Bellamy’s must be blocked appeared first on MacroBusiness.

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

Read more Views: 29
MacroBusiness Thursday, September 19, 2019 - 00:10 Source

The ABS on Tuesday released its property price data for the June quarter, which valued Australia’s dwelling stock owned by households at $6.31 trillion, whereas the total housing stock was valued at $6.61 trillion. As shown below, the total value of Australia’s dwelling stock owned by households was 6.93 times employee incomes as at June,

The post Australia’s housing valuation bottoms-out appeared first on MacroBusiness.

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

Read more Views: 31
MacroBusiness Thursday, September 19, 2019 - 00:08 Source

Over the past five years, Australia has experienced an unprecedented boom in international student enrolments, which hit an all-time high 712,000 as at June 2019: Moreover, Australia now has by far the highest concentration of international students in the developed world, with per capita enrolments roughly 2.5 times second-placed United Kingdom and three times third-placed

The post Australia’s international student stranglehold ends appeared first on MacroBusiness.

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

Read more Views: 26
MacroBusiness Thursday, September 19, 2019 - 00:01 Source

Global Macro / Markets / Investing: Repo Market Chaos Signals Fed May Be Losing Control of Rates – Bloomberg A crack just emerged in the financial markets: The NY Fed spends $53 billion to rescue the overnight lending market – CNN An Army of Japanese Salarymen Is Rocking Global Currency Markets – Bloomberg Where you

The post Links 19 September 2019 appeared first on MacroBusiness.

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

Read more Views: 29
Your Democracy Wednesday, September 18, 2019 - 21:49 Source

how fucked is that...how fucked is that...

Farmers struggling to cope with the drought are desperate for rain, but in northern New South Wales they have instead been hit by a severe hailstorm, which has wiped out a number of crops. 

read more

Read more Views: 28
The Australian Independent Media Network Wednesday, September 18, 2019 - 19:00 Source

The pigeon flapped in desperation, moving across Melbourne’s lavish Capitol Theatre in fits and starts. It was more alarmed than anything else at the address being given by former Australian football (soccer to some) player Craig Foster. Foster has been beating the drum on one particular message for some time now: that sports can change…

The post Lotteries and Rights in the Sporting Life appeared first on The AIM Network.

Read more Views: 41
MacroBusiness Wednesday, September 18, 2019 - 17:30 Source

Caution reigns across Asia with the somewhat positive mood on Wall Street unable to be translated into any meaningful gains on stock markets, with bonds moving higher and USD firming. The Shanghai Composite was the standout however, coming back from yesterday’s slump to finish nearly 0.3% higher at 2985 points, still below the 3000 point

The post Macro Afternoon appeared first on MacroBusiness.

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

Read more Views: 32
The Australian Independent Media Network Wednesday, September 18, 2019 - 16:21 Source

By Denis Bright Prospects of Israel’s Return to the Political Centre Under a Blue White Coalition Government Headed by Benny Gantz Despite the strong showing by Benny Gantz’s centrist Blue and White Party, conventional opinion in Israel just prior to polling day still favoured a continuing coalition between Likud and the far-right religious parties with…

The post Prospects of Israel’s Return to the Political Centre appeared first on The AIM Network.

Read more Views: 31
The Australian Independent Media Network Wednesday, September 18, 2019 - 16:00 Source

By Dr George Venturini   On 17 March 2018 Professor Hocking issued a news release about Justice Griffiths’ 16 March decision in the Federal Court action ‘Jennifer Hocking v. Director-General, National Archives of Australia’, in favour of the National Archives. Justice Griffiths had ruled that the ‘Palace letters’ between the Queen and the Governor-General, Sir John Kerr, at…

The post Medieval combat for ‘the Palace letters’ (part 7) appeared first on The AIM Network.

Read more Views: 29
MacroBusiness Wednesday, September 18, 2019 - 15:15 Source

Via Martin North:

The post Mortgage broker: APRA has unleashed specufestors appeared first on MacroBusiness.

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

Read more Views: 31
MacroBusiness Wednesday, September 18, 2019 - 15:00 Source

Via Gottiboff today comes a rare window of rationality: President Xi had to decide whether to quell the Hong Kong protests before the national celebration day on October 1 or pursue a trade deal with the US. He could not do both. There is already strong anti-China sentiment in the US and a brutal putting

The post China ready to do a trade deal? appeared first on MacroBusiness.

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

Read more Views: 30
Renew Economy Wednesday, September 18, 2019 - 14:46 Source

bylong coal open pit coal mine - optimisedAnother proposed coal mine in NSW fails to win development approval as climate impacts grows as a substanital barrier to new coal mines.

Read more Views: 33
MacroBusiness Wednesday, September 18, 2019 - 14:40 Source

He really has no idea what he is doing. Via The Australian comes Albo kissing Business Council booty: Anthony Albanese will dump Bill Shorten’s anti-business, class warfare rhetoric and launch a charm offensive to win back corporate Australia in a move to reconnect with voters following Labor’s election loss. In a speech to company chief

The post Placeholder Albo kisses business booty appeared first on MacroBusiness.

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

Read more Views: 26
MacroBusiness Wednesday, September 18, 2019 - 14:20 Source

The newly established Victorian Independent Remuneration Tribunal has handed down its first determination regarding the pay of Victorian MPs. Victorian MPs will now receive a base salary of $182,413, up 3.5% per cent. Victorian Premier Daniel Andrews was given a $46,522 pay increase that sees him become the highest-paid state leader, while ministers and the

The post Victorian pollies get massive pay rises as households flounder appeared first on MacroBusiness.

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

Read more Views: 32
Renew Economy Wednesday, September 18, 2019 - 14:15 Source

New documents reveal that then environment minister Josh Frydenberg went against department advice when he decided to block two wind turbines on Lord Howe Island.

Read more Views: 29
MacroBusiness Wednesday, September 18, 2019 - 14:00 Source

With Sydney’s population projected to balloon to nearly 10 million people over the next 48 years, driven entirely by mass immigration: Rather than slowing the deluge by cutting immigration, the government wants to canibalise Sydney’s golf courses: Long parklands and shared areas on golf courses will help Sydneysiders make the most of our green space

The post Population ponzi to swallow Sydney’s golf courses appeared first on MacroBusiness.

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

Read more Views: 39
MacroBusiness Wednesday, September 18, 2019 - 13:40 Source

You have got to love the clowns at the business lobby, the Committee for Economic Development of Australia (CEDA), which continues to contradict itself on the ‘benefits’ arising from the “Big Australia” mass immigration policy. In 2015, CEDA released a report estimating that in the next 10 to 15 years, more than five million jobs

The post CEDA contradicts itself again on mass immigration’s ‘benefits’ appeared first on MacroBusiness.

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

Read more Views: 32
MacroBusiness Wednesday, September 18, 2019 - 13:20 Source

From CBA: Retail Trade Preview – August 2019 ■ We estimate that the value of retail trade rose by 0.9% in August. ■ CBA’s Household Spending Intentions (HSI) measure, based on a sample of more than 2½ million households combined with relevant search information from Google Trends, indicates tax rebates are being spent. ■ The

The post CBA: Retail boomed in August appeared first on MacroBusiness.

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

Read more Views: 32
Renew Economy Wednesday, September 18, 2019 - 13:15 Source

Australian energy storage company Redflow Limited has won an order to provide 68 ZBM2 zinc-bromine flow batteries for at least 20 mobile phone tower sites in South Africa owned by one of Africa's leading telecommunication companies.

Read more Views: 25
MacroBusiness Wednesday, September 18, 2019 - 13:00 Source

Via the excellent Damien Boey at Credit Suisse: Over the past few days, we have seen chaos in US money markets. Repo rates on general collateral (ie secured borrowing rates) have spiked higher to as high as 10%. The New York Fed has been forced to intervene, conducting a $53 billion overnight “system” repo to

The post What’s choking US money markets? appeared first on MacroBusiness.

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

Read more Views: 25
MacroBusiness Wednesday, September 18, 2019 - 12:40 Source

Via S&P today: Global light vehicles sales fell by 6.4% in the year to June 30, 2019. Sales declined in all major markets with the exception of Central and Eastern Europe, which saw a slight pick-up of 0.5%. In light of current conditions, global auto manufacturers’ hopes for a sharp increase in sales in the

The post S&P: Carmageddon to roll on appeared first on MacroBusiness.

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

Read more Views: 26
The Australian Independent Media Network Wednesday, September 18, 2019 - 12:36 Source

Tomorrow, touch wood, I reach the ripe old/young age of 67. Except for my family and friends that doesn’t necessarily mean all that much to anyone else, but it sure means an awful lot to me. I never thought I’d make it. If matters such as Suicide or Childhood Sexual Abuse raise concerns for you…

The post On reaching the ripe age of 67 … appeared first on The AIM Network.

Read more Views: 22
Renew Economy Wednesday, September 18, 2019 - 12:32 Source

hydrogen plantWA govt opens its $10 million Renewable Hydrogen Fund to applications that will expand WA's ability to export green gas.

The post WA opens $10m hydrogen fund to boost renewable gas production and exports appeared first on RenewEconomy.

Read more Views: 22
Renew Economy Wednesday, September 18, 2019 - 12:27 Source

Energy Transition Hub report models suggests huge advantages of aiming for 200 per cent renewable energy target, rather than just 100 per cent renewables.

Read more Views: 19
MacroBusiness Wednesday, September 18, 2019 - 12:20 Source

New dwelling approvals in Victoria in the year to June were at 59,719, according to the Urban Development Institute of Australia (UDIA), which compares to 75,613 in the previous year. With the UDIA estimating that 78% of approvals become completed homes, this would mean completed dwellings fell from 58,978 to 46,581. UDIA Victoria CEO Danni

The post UDIA: Victorian housing shortage worsens as population soars appeared first on MacroBusiness.

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

Read more Views: 26

Pages