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Renew Economy Monday, September 17, 2018 - 13:45 Source

Interview with Greg Bourne on Climate Council’s report on transport emissions, and Deloitte’s John O’Brien on the overwhelming case for renewables

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MacroBusiness Monday, September 17, 2018 - 13:30 Source

By Leith van Onselen The backlash against short-stay apartment rentals through portals like Airbnb continues to fester after a series of wild parties were reported across Melbourne’s high-rise apartment complexes. Melbourne residents’ group, We Live Here, is seeking powers to allow owners’ corporations to “ban commercial operations who have, say, 20 Airbnb apartments in one building”:

The post Backlash builds against Airbnb party towers appeared first on MacroBusiness.

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MacroBusiness Monday, September 17, 2018 - 13:00 Source

By Leith van Onselen 60 Minutes last night aired an alarmist special on Australia’s budding housing ‘crash’ entitled “Bricks and Slaughter”. The segment featured several experts, like SQM Research’s Louis Christopher and Digital Finance Analytics’ Martin North. Of note, the segment featured a quote by Martin North claiming that prices could fall by 40%. However,

The post 60 Minutes does the housing ‘crash’ appeared first on MacroBusiness.

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Your Democracy Monday, September 17, 2018 - 12:33 Source

aunt

With Psychology of the Rich Aunt, German author Erich Mühsam made his own ironic bid for immortality by announcing his discovery that immortality in fact exists ― specifically in the person of the Rich Aunt.

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Renew Economy Monday, September 17, 2018 - 12:30 Source

Gas demand is falling as consumers turn away from expensive gas and find cheaper and cleaner renewable options in their homes and businesses.

The post The switch is on: Consumers are turning away from gas appeared first on RenewEconomy.

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MacroBusiness Monday, September 17, 2018 - 12:30 Source

By Leith van Onselen A fortnight ago, ACCC chairman Rod Sims warned state governments against accepting unsolicited bids for infrastructure projects: “The ACCC considers that state governments should only award new toll road concessions through a competitive bid process, and not following an unsolicited proposal unless there is a truly compelling reason,” Mr Sims said. “Accepted

The post Melbourne airport rail dud to cost $15 billion? appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, September 17, 2018 - 12:01 Source

As Australia’s tattered yet new government, led by the increasingly oafish and amateurish Scott Morrison trundled into its post-climate phase, states which see their existence as dependent on the cutting of carbon emissions have been more than a touch concerned. Their reality remains divorced from the paper clip conspiracies of Canberra and the energy cliques…

The post The Woes of Climate Change States appeared first on The AIM Network.

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

By Leith van Onselen The Australian Bureau of Statistics (ABS) has released visitor arrivals and departures data for the month of July, which again posted turbo-charged net annual permanent and long-term migration. In the year to July 2018, there were 818,430 permanent and long-term arrivals into Australia – up 5% from July 2017 and an

The post Long-term migrant arrivals hit record high in July appeared first on MacroBusiness.

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MacroBusiness Monday, September 17, 2018 - 11:45 Source

By Leith van Onselen Already, the scaremongering has begun over Labor’s proposed negative gearing and capital gains tax (CGT) reforms, with some commentators even blaming Labor’s policy for the current price declines: FALLING house prices across the country are being driven by Labor promises to abolish negative gearing and raise capital gains tax if it

The post Stockland: Labor’s negative gearing policy to boost supply appeared first on MacroBusiness.

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John Quiggin Monday, September 17, 2018 - 11:35 Source

I have a piece in The Guardian under the headline Adani’s rail line cut shows project is on life support but still a threat to climate, starting with the observation

The recent announcement by Adani that it will halve the costs of its rail line to the proposed Carmichael coalmine by building a shorter, narrow-gauge line raises an obvious question: if such a massive cost-saving is feasible, why didn’t Adani go that way in the first place?

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MacroBusiness Monday, September 17, 2018 - 11:30 Source

By Leith van Onselen It seems the Banking royal commission is certain to be extended, with Treasurer Josh Frydenberg expressing his support: Treasurer Josh Frydenberg says he will “favourably consider” any request to extend the banking royal commission, after the inquiry confirmed regulators had been far too soft on bad behaviour. Mr Frydenberg has offered royal

The post Banking royal commission to be extended appeared first on MacroBusiness.

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John Quiggin Monday, September 17, 2018 - 11:26 Source

A new sandpit for long side discussions, conspiracy theories, idees fixes and so on.

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John Quiggin Monday, September 17, 2018 - 11:26 Source

Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.

If you would like to receive my (hopefully) regular email news, please sign up using the following link
http://eepurl.com/dAv6sX

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Harrangue Man Monday, September 17, 2018 - 11:26 Source

It's bright blood so it's likely a minor tear on the inside but there is nothing quite like seeing blood after a motion, real or attempted. I thought it could be from wee but nothing appears when standing and just doing that. It's happened before, the arse bleed, and it went away. If it keeps happening then back to the doc with a new problem.If my body was a car it'd be a Trabant ... that bleeds out its exhaust pipe.

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MacroBusiness Monday, September 17, 2018 - 11:15 Source

By Leith van Onselen The Grattan Institute has released its Mapping Australian Higher Education Report 2018, which notes that the premium from gaining a university degree has been eroded, dragged down by strong skilled migration and the explosion in student numbers: In higher education, the easing of funding caps led to surging student enrolments between

The post Grattan: Immigration, student explosion, squash graduate salaries appeared first on MacroBusiness.

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Renew Economy Monday, September 17, 2018 - 11:13 Source

Virtual power plants will change the energy landscape - but they are not just about rooftop solar and battery storage.

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MacroBusiness Monday, September 17, 2018 - 11:00 Source

Via Ambrose Evans-Pritchard (h/t Researchtime): (i) “When the next recession comes, it is going to be deeper and last longer than in the past. We don’t have any strategy to deal with it,”… a bleak scenario more akin to the depressions of the 1870s or the 1930s than anything experienced in the post-War era… a

The post AEP goes all-in on GFC 2.0 appeared first on MacroBusiness.

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Harrangue Man Monday, September 17, 2018 - 10:50 Source

The go to moment in movies for depiction of PTSD is to show someones startle reflex fire off from a trigger event; the infamous helicopter flashback caused by ceiling fan trope.In reality, while that happens, the everyday result for some is reduced manual dexterity and ability to pick up and stay holding of objects.Or tease apart a bin liner so it can be rolled out into the bin. In Canberra you have to buy plastic bags and the bin we have best works best with a purpose liner anyway since more volume can fit in.

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MacroBusiness Monday, September 17, 2018 - 10:45 Source

Via the AFR comes the bank’s worst nightmare, jingle mail: In moves set to further shift the lending dynamic from “buyer beware” to “seller beware”, Maurice Blackburn is preparing to sue the banks over interest-only lending, mortgage fraud and how household expenses were calculated prior to approving loans. …”The banks would want to make sure

The post Hellooo jingle mail appeared first on MacroBusiness.

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MacroBusiness Monday, September 17, 2018 - 10:30 Source

MB has recorded the extraordinary lengths that Migration Council chair, Innes Willox, has gone to to keep migrants flowing into Australia and into cheap labour jobs.  Last week the Migration Council chair produced dubious statistics to argue for more migrants with science, technology, engineering and maths (STEM) skills even though STEM graduates have the highest unemployment rates

The post The Guardian pumps Migration Council propaganda appeared first on MacroBusiness.

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MacroBusiness Monday, September 17, 2018 - 10:15 Source

By Leith van Onselen On Friday, the Australian Prudential Regulatory Authority (APRA) released aggregate results on the Committed Liquidity Facility (CLF) established between the RBA and certain locally incorporated Authorised Deposit-Taking Institutions (ADIs), with $243 billion total CLF allocated for 2019: APRA implemented the LCR on 1 January 2015. The LCR is a minimum requirement that

The post APRA announces $243b CLF gift to Aussie banks appeared first on MacroBusiness.

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

By Leith van Onselen The mass immigration ‘Big Australia’ policy has clearly lost the community’s support, with the five most recent national opinion polls all showing majority support for lowering immigration: Australian Population Research Institute: 54% want lower immigration; Newspoll: 56% want lower immigration; Essential: 54% believe Australia’s population is growing too fast and 64% believe

The post Two-thirds think Melbourne’s population is growing too fast appeared first on MacroBusiness.

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xkcd.com Monday, September 17, 2018 - 10:00 Source

If I wait a while, it's not so bad, because then it's just shaped like me, plus some pipes and tanks and probably eventually all of Earth's oceans.

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MacroBusiness Monday, September 17, 2018 - 09:45 Source

Over the weekend, we had the tearaway Chinese property price data. This has implications for many things but most pointedly Australian bulk commodities. It appears that recent PBOC easing has (predictably) landed first  upon real estate prices. The easing: The result: In due course this will trigger even more building. There is also China’s  declared prospect of more

The post Is the Australian dollar about to boom? appeared first on MacroBusiness.

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

Via Domainfax comes your new Treasurer: Treasurer Josh Frydenberg has dismissed claims of rising inequality and urged voters to back the government agenda for economic growth, while naming housing affordability and youth unemployment as two priorities in his new job. In a pivotal dispute with Labor ahead of the next election, the deputy Liberal Party

The post Frydenberg goes the inequality raw prawn appeared first on MacroBusiness.

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

There’s no business like the banking business, via the AFR: Former NSW premier Mike Baird’s new role running National Australia Bank’s retail banking operations gives him the chance to prove he has what it takes to run one of the big four banks. …Thorburn has been CEO of NAB since August 2014. Depending on the

The post Instead of his head, Ken Henry gives us Mike Baird appeared first on MacroBusiness.

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

The AFR is reporting that China is stumped by trade war or, more to the point, Trumped: “We did get a sense of deep concern about the trade tension with the United States and that we could be in a period of prolonged and protracted trade tensions, and there isn’t all that much that the

The post China mulls trade war self-harm appeared first on MacroBusiness.

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MacroBusiness Monday, September 17, 2018 - 08:45 Source

Iron ore price charts for September 14, 2018: Spot firmed and paper added more. Steel was firm. Rebar inventories are fine at 4.33mt well above last year. The ferrous market is now pricing for the property boom that has been unleashed with more infrastructure to come. Given inventories of everything are already so high I

The post Daily iron ore price update (stimulus!) appeared first on MacroBusiness.

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MacroBusiness Monday, September 17, 2018 - 08:43 Source

By Chris Becker  Another very interesting week on global markets as the potential for new trade deals is overshadowed by Trump’s insistence on smashing the Chinese with more tariffs. Brexit fallout is pushing Pound Sterling higher, lifting the Euro with it and taking some heat off the rise in USD, although the Aussie dollar is

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

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MacroBusiness Monday, September 17, 2018 - 00:25 Source

Via Domainfax: Australian voters have given Prime Minister Scott Morrison the edge on key leadership qualities like trust and economic management, rating him ahead of Opposition Leader Bill Shorten in a personal contest that will shape the outcome of the next election. Mr Morrison is considered trustworthy by 49 per cent of voters compared to

The post IPSOS rains on PM Property Council appeared first on MacroBusiness.

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