Blogotariat

Oz Blog News Commentary
MacroBusiness Monday, December 17, 2018 - 09:45 Source

Bloomie does history today: In the years that followed, Hu and hundreds of millions of others left the countryside and set up businesses in cities or went to work in factories that propelled China to become the world’s second-largest economy. Deng’s reforms, officially launched 40 years ago on Dec. 18 at a meeting of the

The post Why China’s rise is coming to an end appeared first on MacroBusiness.

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Renew Economy Monday, December 17, 2018 - 09:39 Source

The dominant assumptions regarding the transition of oil and gas companies are wrong. The evidence suggests it is far more likely they will fail, because they will not cope with the speed of change.

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MacroBusiness Monday, December 17, 2018 - 09:30 Source

Via The Australian: An unexpected budget bonanza has doubled the projected sur­pluses over the next four years to more than $30 billion in a dramatic improvement to the bottom line in what the Coalition will today claim is the best set of numbers since the final year of the Howard-Costello government. The Australian understands that

The post Coalition enjoys fictitious surplus boom appeared first on MacroBusiness.

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Renew Economy Monday, December 17, 2018 - 09:30 Source

NSW has an embarrassment of riches when it comes to options for pumped hydro and support for a renewables-dominated grid.

The post All the pumped hydro data needed for NSW’s clean energy transition appeared first on RenewEconomy.

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Renew Economy Monday, December 17, 2018 - 09:26 Source

At the UN summit in Poland, nearly 200 governments agreed rules to put the historic pact into action, but failed to make strong push for faster emissions cuts

The post Countries breathe life into the Paris climate agreement appeared first on RenewEconomy.

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MacroBusiness Monday, December 17, 2018 - 09:15 Source

Via Domain today: The Morrison government has suffered another setback after weeks of campaigning to gain ground against Labor, trailing by 46 to 54 per cent in a two-party result that would trigger a landslide loss at an election. Voters have swung against the Coalition in a trend that would cost it at least 18

The post IPSOS: Scummo a goner appeared first on MacroBusiness.

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MacroBusiness Monday, December 17, 2018 - 09:00 Source

Iron ore prices for December 14, 2018: Spot up. Paper up. Steel up. There’s nothing the iron ore Costanza market likes more than crashing Chinese demand data. That’s how conditioned it is to stimulus these days. My outlook is unchanged. Strength through new year and January then weakness as demand falls away. I don’t think

The post Daily iron ore price update (Costanza market) appeared first on MacroBusiness.

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MacroBusiness Monday, December 17, 2018 - 08:30 Source

By Chris Becker  Looking at Chinese stocks first, where last week saw the Shanghai Composite again fail to stabilise above tentative support at the 2600 point level, as economic news disappointed. The continued trade war and lack of confidence in getting any traction with a near powerless Trump as not given any added spark to this depressed

The post Macro Morning (Trading Week) appeared first on MacroBusiness.

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Your Democracy Monday, December 17, 2018 - 06:23 Source

sycamore

Operation “Timber Sycamore”, initiated by President Barack Obama was privatized a little before the election of President Donald Trump. It is now coordinated by the investment fund KKR (established by Henry Kravis and whose military activities are led by the former head of the CIA, General David Petraeus).

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MacroBusiness Monday, December 17, 2018 - 00:20 Source

DXY was strong Friday night and it looks primed for a break out. EUR and CNY were weak: AUD was hosed across developed markets: EMs were even worse: Shorts continued to pull out of AUD last week, now down to -46k contracts: Gold was soft: And oil: Plus base metals: Big miners fell: EM stocks

The post The Australian dollar is set to fall in 2019 appeared first on MacroBusiness.

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MacroBusiness Monday, December 17, 2018 - 00:20 Source

In good news for Australia, last week’s break into the open of RBA corruption met with little media response on the weekend. By that I do not mean that the media held the bank to account for endorsing criminal mortgages – as if – but it didn’t pile in behind the bank’s lunatic push to

The post RBA control fraud is its crowning blunder appeared first on MacroBusiness.

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MacroBusiness Monday, December 17, 2018 - 00:15 Source

By Leith van Onselen For five years, the NSW Budget reaped the windfall of an epic stamp duty boom, which saw receipts more than double from around $3.8 billion in 2011-12 to a peak of $9.0 billion in 2016-17. In 2017-18, stamp duty receipts retraced marginally, but was projected in the State Budget to remains

The post Property crash to wipe $8b from NSW Budget appeared first on MacroBusiness.

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MacroBusiness Monday, December 17, 2018 - 00:12 Source

Via The UNZ Review: So it appears the privatization of France isn’t going quite as smoothly as planned. As I assume you are aware, for over a month now, the gilets jaunes (or “yellow vests”), a multiplicitous, leaderless, extremely pissed off, confederation of working class persons, have been conducting a series of lively protests in

The post Gilets Jaunes exposes the Fake Left appeared first on MacroBusiness.

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MacroBusiness Monday, December 17, 2018 - 00:10 Source

Via Nature: Policymakers have less time to respond than they thought. Governments need to invest even more urgently in schemes that protect homes from floods and fires and help people to manage heat stress (especially older individuals and those living in poverty). Nations need to make their forests and farms more resilient to droughts, and

The post Nature: Global warming accelerating appeared first on MacroBusiness.

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MacroBusiness Monday, December 17, 2018 - 00:10 Source

CoreLogic released its auction report yesterday, which reported another pathetically weak round of auctions, with auction clearances remaining near 2011 lows. The preliminary national auction clearance rate was just 43.8% versus 45.3% last weekend (later revised down to 41.0%). The preliminary clearance rate was also way below the 60.7% recorded in the same weekend of

The post Auctions crash deepens appeared first on MacroBusiness.

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MacroBusiness Monday, December 17, 2018 - 00:05 Source

Chinese new home prices out on the weekend and the bifurcated market continues. Monthly values were up 0.9% and  yearly by 9.6%: Here’s the raw data: First tier cities are becalmed but below that it is all still gogo: 63 out of 70 cities are rising: Which has set up an unusual divergence between house

The post Chinese house prices ease appeared first on MacroBusiness.

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MacroBusiness Monday, December 17, 2018 - 00:02 Source

In MB’s 2017 Christmas special report, entitled “The Great Housing Reckoning”, we anticipated a difficult 2018 for Australians with “an intensification of the per capita income recession that is the essence of the nation’s budding lost decade”. While this view was largely correct, we also argued that “house prices… are unlikely to crash”, instead forecasting

The post MB Christmas Special Report: The Great Australian Housing Crash appeared first on MacroBusiness.

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MacroBusiness Monday, December 17, 2018 - 00:01 Source

Global Macro / Markets / Investing: How McKinsey Has Helped Raise the Stature of Authoritarian Governments – NY Times Bitcoin is pretty much dead, says teenage crypto phenom – Market Watch At least 15 central banks are serious about getting into digital currency – Tech Review Economics: The Discipline That Refuses to Change – The

The post Links 17 December 2018 appeared first on MacroBusiness.

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Poll Bludger Sunday, December 16, 2018 - 22:13 Source

The final Ipsos poll for the year fails to replicate its unusually strong result for the Coalition last time.

The post Ipsos: 54-46 to Labor appeared first on The Poll Bludger.

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The Australian Independent Media Network Sunday, December 16, 2018 - 21:44 Source

Australians are spoilt for choice this week in politics. On the far right is Scott John Morrison who is determined to improve on his last week’s Slow-Mo filibuster fiasco by pretending that religious freedom is the biggest issue facing the nation along with encryption-busting and stopping kids needing medical treatment off Nauru. Not only that,…

The post Don’t lose sight of the fair go, Bill. appeared first on The AIM Network.

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The Australian Independent Media Network Sunday, December 16, 2018 - 15:00 Source

The pieces were already put in place during the Wentworth federal by-election, a hopeless, needless gambit that reduced the Coalition government’s majority whilst giving the outgoing Prime Minister Malcolm Turnbull a crack at some vengeance. His successor, Scott Morrison, decided to make himself a prisoner of policy in advance. That prison cell, it transpired, was…

The post Having it All Ways: Scott Morrison’s Jerusalem “Compromise” appeared first on The AIM Network.

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The Australian Independent Media Network Sunday, December 16, 2018 - 12:43 Source

By 1PeterMCC Interfering in religious unrest (by recognising West Jerusalem as Israel’s capital) and to the disadvantage of Australia’s trade agreements with Indonesia, only makes sense when you remember who Scott serves. He openly identifies with Prosperity theology which sits firmly within the Born Again (BA) off-shoot of Christianity, mixing fast-talking sales people with a…

The post Who does Scott Morrison serve? appeared first on The AIM Network.

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Press gallery reform Sunday, December 16, 2018 - 10:07 Source

It's not really workIt's just the power to charmI'm still standing in the windBut I never wave bye byeBut I try, I try ...- David Bowie Modern love

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Politically homeless Sunday, December 16, 2018 - 10:07 Source

It's not really workIt's just the power to charmI'm still standing in the windBut I never wave bye byeBut I try, I try ...- David Bowie Modern love

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The Australian Independent Media Network Sunday, December 16, 2018 - 08:31 Source

As the Prime Minister of the day strides to the despatch box in Question Time, the cameras focus on the back benchers sitting directly behind him as they nod dutifully and call out “hear, hear”, or point accusingly as they call out “shame.” These people are deliberately placed there in order to raise their profile…

The post Will the curse of the despatch box strike again? appeared first on The AIM Network.

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Your Democracy Sunday, December 16, 2018 - 06:09 Source

garbage

It's all too easy these days to talk about how the Government and the Parliament are dysfunctional.

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WixxyLeaks Saturday, December 15, 2018 - 17:54 Source

We all know them, people who seem to be able to put off the inevitable for what seems an eternity, and others who are like Andy Dufresne from Shawshank Redemption “who crawled through a river of shit and came out clean on the other end” and seem to have all their sins forgiven.

Recently there have been two high-profile cases along these lines that readers here will no doubt be quite familiar with.

One involves the former union official that started out smelling like roses and ended up smelling like what is often shoveled on them. The other the son of a radio star that video has yet to kill but scandal one day might.

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The Australian Independent Media Network Saturday, December 15, 2018 - 17:34 Source

There never is a time not to worry in the Balkans. The next conflict always seems to be peering around the corner with a malicious enthusiasm, eager to spring at points of demagogic advantage and personal suffering. The centrepieces of future disaster in the region tend to be Kosovo and Bosnia. The former is now…

The post The Kosovo Blunder: Moves Towards a Standing Army appeared first on The AIM Network.

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The Australian Independent Media Network Saturday, December 15, 2018 - 15:24 Source

By Stephen Fitzgerald What started out as a pathetic little grab for votes in the Wentworth by-election, by the LNP, has now been escalated to include threatening every Australian citizen and Australian trade. “Wentworth voters see embassy relocation as a targeted pitch to Jewish voters“: The response to the proposal relocation of the Australian Embassy…

The post Creating conflict appeared first on The AIM Network.

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Club Troppo Saturday, December 15, 2018 - 14:16 Source

Cross posted from Pearls and Irritations

The Information-technology Revolution is challenging the assumptions on which the education of children and the provision of their entertainment are based. The doomsayers argue the big companies – Google, Facebook, Amazon, Apple, et al. – despite their rhetoric of preventing evil and promoting global togetherness – are in fact exacerbating inequality, poverty, unemployment, invasion of privacy, breakdown in social cohesion, supporting political disruption and Donald Trump. 

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