|
MacroBusiness
Thursday, August 16, 2018 - 00:10
Source
By Leith van Onselen It seems Australia’s housing spruikers are growing tired of waiting for Brisbane’s housing boom. From Mortgage Parasite Magazine Australia: Brisbane is no longer the leading property investment choice as it used to be, according to property market research firm Propertyology. The latest market data shows that despite being the top choice The post Spruikers tire of sagging Brisbane property appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Thursday, August 16, 2018 - 00:10
Source
By Leith van Onselen The June quarter rental data from the ABS painted a sorry picture for Australia’s army of negatively geared landlords (but an improving picture for renters). According to the ABS, rents nationally registered zero growth in the June quarter and grew by just 0.6% over the year: And when adjusted for inflation, The post Aussie rents are being crushed appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
|
MacroBusiness
Thursday, August 16, 2018 - 00:05
Source
Iron ore prices for August 15, 2018: Spot down. Paper caught contagion overnight. Steel is fine. At some stage in the next three months we’re going to see a goodly selloff. The question now is will that be a buying opportunity for 2019 as Chinese stimulus pours in or the beginning of the end for The post Daily iron ore price update (smashed) appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Thursday, August 16, 2018 - 00:04
Source
With the news yesterday confirming that Chinese property markets are again off to the races: Let’s ask the trillion dollar question: how long can they keep building ghosts cities? The answer comes in two parts. The first might upset a few readers because the answer is “forever”. Or, at least as long as they want The post How much longer can China keep building ghost cities? appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
|
MacroBusiness
Thursday, August 16, 2018 - 00:01
Source
Global Macro / Markets / Investing: Tesla Directors Do Damage Control After Elon Musk Tweets – NY Times Goldman Sachs Had No Mandate When Musk Tweeted – Bloomberg ‘Mega-Round’ Investors Shower Start-Ups With Millions – NY Times Cryptocurrency Market Plumbs New Depths in 2018 – WSJ The biggest policy mistake of the last decade – The post Links 16 August 2018 appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Harrangue Man
Wednesday, August 15, 2018 - 22:58
Source
I rarely take Valium but it's needs based useage which means sometimes there's a cluster of use.I had a monster chat about childhood yuck and I cried for a bit. It came two days after a scare where I'd had two afterwards. After they left the churn from the talk rizzled within and I took two again. I made a hot water bottle then went to bed, sleeping it off. It's not good sleep. It's not blissy. You just don't feel as intense and you get tired and listless. So I slept a chunk of the day away and when I woke I forced myself to go for a ride to at least have some exercise. |
|
En Passant
Wednesday, August 15, 2018 - 21:15
Source
The proofs for my second book of poetry turned up today. I am going through them now. There is not very much to change at all. ‘Whose broken is this?’ will hopefully be available in a few months. |
The Australian Independent Media Network
Wednesday, August 15, 2018 - 20:08
Source
It’s important to keep a sense of perspective here. I read somewhere today that Fraser Anning was elected with 17 votes. I’m not prepared to accept that as fact because it’s clearly wrong! No, it’s not true that Anning was elected to the Senate with less votes than even Malcolm Roberts… He wasn’t elected. He… The post Let’s Just Remember That Bloke In The Senate Didn’t Get As Many Votes As You Have Friends appeared first on The AIM Network. |
|
MacroBusiness
Wednesday, August 15, 2018 - 17:12
Source
The reversal in mood has been short lived with a big selloff in Chinese stocks leading the region down, with only Australian shares not joining in. Although the Turkish Lira is firming, with a positive Wall Street lead overnight and European stocks looking positive going into the open, the negative mood couldn’t be forestalled here The post Macro Afternoon 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
Wednesday, August 15, 2018 - 17:05
Source
The Economist Intelligence Unit (EIU) has gone about its annual business of releasing its World’s Most Liveable City index, the sort of flotsam that matters less to urban planners than hedge-fund managers. The previous seven time winner had been Melbourne, whose supposed ascendancy had been threatened, at points, by Vancouver and Vienna. Now, the Austrian… The post Meaningless Titles and Liveable Cities: Melbourne loses to Vienna appeared first on The AIM Network. |
|
Club Troppo
Wednesday, August 15, 2018 - 16:34
Source
Cross posted from the Mandarin: |
MacroBusiness
Wednesday, August 15, 2018 - 15:30
Source
By Leith van Onselen If you want a textbook example of everything that is wrong with Australian politics, look no further than this, via The AFR: Big four accounting and consulting firm PwC Australia is hosting a full-day, $12,500 a head, fundraising event for the Liberal Party at its Sydney offices where guests can “nominate The post Ministers for sale appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
|
Renew Economy
Wednesday, August 15, 2018 - 14:27
Source
The number of interventions by the Australian Energy market Operator in South Australia jumped sharply in the second quarter – mostly because of a large number of gas-fired generators that were not available due to planned and unplanned outages. ASEMO – in its latest Quarterly Energy Dynamics report – says it had to intervene more... The post Intervention in South Australia jumps as gas shuts down appeared first on RenewEconomy. |
Renew Economy
Wednesday, August 15, 2018 - 14:19
Source
The post Workhorse planning all electric ute to take on Tesla appeared first on RenewEconomy. |
|
Renew Economy
Wednesday, August 15, 2018 - 14:15
Source
|
Renew Economy
Wednesday, August 15, 2018 - 14:09
Source
|
|
MacroBusiness
Wednesday, August 15, 2018 - 14:03
Source
By Leith van Onselen Last month, BIS Oxford Economics projected that housing starts will fall 22% from 2018’s estimated figure of 219,000 to 171,350 in 2020. Today, the Housing Industry Association (HIA) has updated its housing starts forecasts, projecting a smaller 15% fall over three years: “The fall in house prices will dampen demand for new The post HIA: housing starts to fall 15% over 3 years appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Renew Economy
Wednesday, August 15, 2018 - 13:29
Source
|
|
MacroBusiness
Wednesday, August 15, 2018 - 13:23
Source
Some thin-sliced Chanticleer today: …perhaps the best supporting evidence for Scott’s big Coles spin-off comes when you examine the returns on capital each division of this conglomerate is producing. At Bunnings, which will officially be crowned the flagship of the Wesfarmers fleet after the Coles demerger, return on capital was a staggering 49.4 per cent, up from 41.8 The post Buy Coles, short Wesfarmers appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Wednesday, August 15, 2018 - 13:16
Source
It may come as a shock but the former One Steel/Arrium dog is now the birthplace of the Australian energy future, via the AFR: British billionaire Sanjeev Gupta expects to begin construction of the Cultana solar energy project which encompasses 780,000 solar panels near the revived Whyalla steelworks early in 2019 as part of a broader $1.37 The post Aussie energy future born in Whyalla appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
|
MacroBusiness
Wednesday, August 15, 2018 - 13:00
Source
By Leith van Onselen The NSW Legislative Council last night passed the Fair Trading Amendment (Short-Term Rental Accommodation) Bill 2018. The Hansard transcript of the debate can be found (introduction) here and (arguments) here. The new rules are summarised by 7News: Under the policy, anyone who commits two serious breaches of the code within two The post NSW Parliament passes weak Airbnb legislation appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Renew Economy
Wednesday, August 15, 2018 - 12:55
Source
The post Infratil and Mercury to make full takeover offer for Tilt Renewables appeared first on RenewEconomy. |
|
MacroBusiness
Wednesday, August 15, 2018 - 12:52
Source
AUD breaks again: Mid-71s looming as crucial support. Long bond yields are falling too as wages go precisely nowhere: ASX lovin’ it: Dalian is sniffing at those Chinese house prices: Big Iron is down anyway: Big Gas looks toppy: Big Gold is in trouble as DXY powers: Big Mortgage is enjoying falling yields but CBA The post Australian dollar breaks, ASX hits new high 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
Wednesday, August 15, 2018 - 12:34
Source
We have a choice in Australia. We can succumb to the increasingly shrill voices of greed, intolerance, bigotry and division or we can rally together to walk forward in respect. With more than 300 languages spoken in our homes, over 100 religions and more than 300 different ancestries, the 2016 Census highlights Australia’s rich cultural… The post Walk together in respect appeared first on The AIM Network. |
|
MacroBusiness
Wednesday, August 15, 2018 - 12:10
Source
The great Chinese ponzi is alive and well with house prices for July off to the races up monthly 1.1% and annual 5.8%: Price gains are broad-based outside of a few top tier eastern megacities: Which is a lot of them: Here’s the raw data: And the prices versus iron ore inventories tracker: Given these The post Chinese house prices off to the races appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Wednesday, August 15, 2018 - 12:01
Source
By Leith van Onselen The Australian Bureau of Statistics (ABS) has just released its Labor Price Index for the June quarter of 2018, which revealed a trend weakening in wages growth from already anaemic levels: According to the ABS, wages grew by 0.62% (s.a.) and 0.47% (trend) in the June quarter. Private sector wages grew The post Weak wages growth demolishes Budget forecast appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
|
Renew Economy
Wednesday, August 15, 2018 - 11:43
Source
|
MacroBusiness
Wednesday, August 15, 2018 - 11:41
Source
From Martin North today: The latest edition of the DFA Household Financial Confidence Index to end July 2018 remains in below average territory, coming in at 89.6, compared with 89.7 last month. We had expected a bounce this month, in fact the rate of decline did slow, thanks to small pay rises for some in the The post Aussie household financial confidence erodes further appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
|
MacroBusiness
Wednesday, August 15, 2018 - 11:30
Source
By Leith van Onselen It’s amazing how an election campaign suddenly forces politicians to speak in the public interest. Fresh from flogging-off the Port of Melbourne, Victorian Treasurer Tim Pallas last year confirmed that more asset sales were on the agenda: “I have said since before we formed government that we were committed to the idea The post Vic Labor backflips on privatisation appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Wednesday, August 15, 2018 - 11:15
Source
By Leith van Onselen With Australia’s Senate all but certain to defeat the Turnbull Government’s Bill to lower the tax rate for all companies with turnovers above $50 million by 2026-27, Bluescope chief Mark Vassella has called on the Government to allow companies to write-off new investments. From The AFR: Speaking on ABC radio, Mr The post As company tax cuts face defeat, business pivots to Labor appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
More competition emerging in the electric ute market, this time from Ohio-based auto maker Workhorse.
It will likely be another 6 weeks before the NEG is decided, but Coalition is refusing to cede any ground on flexibility to the Labor states.
Tesla tells Senate inquiry it would consider making EVs in Australia - if the market was big enough.
AEMO report notes that more renewables in the second quarter meant lower gas and coal output, lower prices, and lower emissions.
Infratil Limited and Mercury NZ Limited have today announced their intention to make a full takeover offer for Tilt Renewables Limited.
Scottish researches claim breakthrough in flow battery technology that could see electric vehicles being charged in a fraction of the time of current standards.