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MacroBusiness Tuesday, May 26, 2015 - 03:04 Source

The RBA is doing some soul-searching, from the AFR: The Reserve Bank of Australia’s main economic forecast and analysis units – key drivers of official interest rate decisions – are bracing for the outcome of a closely held review of the central bank’s forecasting practices. …Conducted by two of the world’s leading experts in economic modelling – former Reserve Bank board member Adrian

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MacroBusiness Tuesday, May 26, 2015 - 03:03 Source

By Leith van Onselen The New South Wales Government continues to cash in on the Sydney property bubble, where home prices have risen by around 35% in less than two years, according to RP Data (see next chart). This rapid lift in housing prices has, of course, been driven by an unprecedented orgy of investor

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New Matilda Tuesday, May 26, 2015 - 00:54 Source

And people wonder why we've cracked down on our comments section... for lovers of irony, this one's for you.

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MacroBusiness Tuesday, May 26, 2015 - 00:41 Source

The Brent oil price firmed a little overnight on not much news flow with US markets closed ending at $65.88. There is more evidence today that much of what we are seeing in oil price strength is technical, from Oilprice.com: Figure 1 below shows the relationship between U.S. crude oil storage inventory and WTI price.

The post Daily LNG price update (iron oil) appeared first on MacroBusiness.

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MacroBusiness Tuesday, May 26, 2015 - 00:01 Source

Global Macro / Markets / Investing: HSBC fears world recession with no lifeboats left – The Telegraph Has the technological revolution been greatly overhyped? – New York Times G7 finance ministers to address faltering global growth – Reuters The Retirement Crisis: Statistics Everyone Should See – Cheatsheet North America: Public-Sector Jobs Vanish, Hitting Blacks Hard

The post Links 26 May 2015 appeared first on MacroBusiness.

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Croakey Monday, May 25, 2015 - 21:53 Source

Jennifer Doggett reports from the 13th National Rural Health Conference in Darwin Personal story telling, international law, political campaigning and cutting edge research combined to make a powerful case for a person-centred health system on Day 1...

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Croakey Monday, May 25, 2015 - 19:22 Source

Each year Croakey provides a forum for analysis  of  the federal budget and its impact on health and health services. While we like to think that our parliamentarians and civil servants dip into this site for analysis and reaction, they are also...

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En Passant Monday, May 25, 2015 - 19:16 Source

Podemos

 

Writing in Solidarity magazine about anti-politics and the left James Supple, among other things, says:

What these examples show is that the mood of disillusionment with the political system is not coherently anti-capitalist or anti-system, and can be drawn behind left reformist political parties or movements.

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New Matilda Monday, May 25, 2015 - 17:38 Source

The brighter the lights shine, the harder it is to see past them. Josh Dabelstein emerges dazed from Sydney's Vivid Festival.

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Poll Bludger Monday, May 25, 2015 - 17:21 Source

The Australian Electoral Commission has published public suggestions for its New South Wales redistribution process, which the redistribution commissioners will now chew on as they prepare a set of draft boundaries.

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MacroBusiness Monday, May 25, 2015 - 16:43 Source

Stan Shamu for Chris Weston, Chief Market Strategist at IG Markets Asia off to a strong start A stronger greenback has worked a treat for Asian equities and seen the region get off to a positive start to the week. The US dollar was firmer against all the majors with a stronger than expected CPI

The post ASX at the close appeared first on MacroBusiness.

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Your Democracy Monday, May 25, 2015 - 16:12 Source

black cockatoos..

It would be good, one day, to have radio announcers not to say "We all do this" or "We don't listen". This gets my feathers bristling. Sure some "people may not do this" and some "people may do this" or are stupid. But the generalisation tends to tell us we're all morons and we'd better listen. 

 

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Cheeseburger Gothic Monday, May 25, 2015 - 15:23 Source

Black Widow, if possible, is even sexier.

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Table Talk: Bob Ellis on Film and Theatre Monday, May 25, 2015 - 15:21 Source

Abbott, hungry for corpses again, added to his ‘death cult’ some cadavers he would fly back from Vietnam and, at a cost of millions, rebury in Australia in eighty-eight State Funerals. The cost of this would come out of abolished Aboriginal communities, cancelled help to the disabled, and to mothers who preferred breastfeeding their babies to slitting the throats of chickens for Colonel Sanders. ‘Like the blood-fuelled big road machine in Mad Max 4, I need my daily gallon of blood,’ he said, ‘from corpses however elderly. This rush of blood, whooeee, makes me feel…so much better.’

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Renew Economy Monday, May 25, 2015 - 15:13 Source

Grattan Institute reports makes some valid comments on how to regulate a grid dominated by solar and storage. But in seeking cheap headlines it has buried the important bits by making wrong assumptions about the costs and benefits of solar. Will the industry ever learn?

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Renew Economy Monday, May 25, 2015 - 15:12 Source

Grattan reports gets future policy direction largely right. It's the past where they have made many errors.

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Renew Economy Monday, May 25, 2015 - 15:04 Source

Fired up by RET deal, anti-wind Senator David Leyonhjelm has called on govt to set up an infrasound regulator to monitor noise near wind turbines.

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Renew Economy Monday, May 25, 2015 - 15:02 Source

In 2015, America's 6 largest metropolitan areas are already at solar parity, representing 30m+ people. By 2021, the same could apply to 150 million people.

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Renew Economy Monday, May 25, 2015 - 15:01 Source

Brisbane-based Tritium sends 23 Veefil fast chargers to NZ as part of deal to supply that country's first EV charging network.

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MacroBusiness Monday, May 25, 2015 - 14:46 Source

By Leith van Onselen Barclay’s chief economist for Australia, Kieran Davies, has argued that uncertainty about consumer spending and inflexible expectations of investment returns has made Australian companies less inclined to invest in response to reductions in interest rates. From The AFR: …the abundance of cash on companies’ balance sheets and high hurdle rates – the

The post Low interest rates aren’t spurring businesses appeared first on MacroBusiness.

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Renew Economy Monday, May 25, 2015 - 14:32 Source

Survey finds clear majority supports big solar development in Australia, but around 25% still had worrying gap in knowledge about reliability of renewables to supply electricity.

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Renew Economy Monday, May 25, 2015 - 14:31 Source

Shell justifies its controversial Arctic campaign by saying world needs oil and gas resources. But really, it's Shell which needs the resources.

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MacroBusiness Monday, May 25, 2015 - 14:24 Source

Cross-posted from Martin North and I agree: Following the disclosures in the recent bank results that many were above the APRA target of 10% portfolio growth, and their statements they would work to fall within the guideline, we have seen a litany of changes from the banks, which marks an important change in tempo for

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New Matilda Monday, May 25, 2015 - 14:13 Source

As an anti-marriage cynic, watching the scenes of elation in Ireland reminded me of the best thing about marriage equality.

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MacroBusiness Monday, May 25, 2015 - 13:45 Source

From Forexlive: The Australian dollar is likely to remain in a US78.50¢ to US80¢ trading range through next week, but Westpac continues to forecast further weakness in the currency as the year progresses We expect to see the Australian dollar trading down around US73¢ by year’s end This is close to MB’s 70 cents year

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MacroBusiness Monday, May 25, 2015 - 13:24 Source

Cross-posted from Martin North’s DFA blog: Bank of Queensland Limited (Bank of Queensland) has improved its lending practices following ASIC’s concerns about the way it assessed applications for home loans. ASIC was concerned that Bank of Queensland was using a benchmark figure, the Henderson Poverty Index (HPI), to estimate the living expenses of consumers applying

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MacroBusiness Monday, May 25, 2015 - 12:59 Source

It’s a good day for big iron with heavy buying in BHP and RIO both up well over 1% and FMG up 4%. There are a bunch of reasons, paramount being the suddenly falling Australian dollar on Janet Yellen hawkishness, but there is also the strangely large jump in the overnight spot price and firm

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MacroBusiness Monday, May 25, 2015 - 12:25 Source

By Leith van Onselen The Australian’s Terry McCrann penned a curious piece over the weekend, supporting Tony Abbott’s claims that “there is a world of difference between taxpayer-funded benefits and people’s own savings [superannuation concessions]”: A tax expenditure is not the same thing as an actual expenditure… The critical intersection of all this is the

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MacroBusiness Monday, May 25, 2015 - 12:19 Source

Some snapshots of interviews conducted by Morgan Stanley in China recently: Procurement manager of a larger steel mill Demand Seasonality will remain a big issue in the steel market. This year, June-July will be a tough period for the industry. There is the risk of a reduction in financing with banks pulling loans from smaller mills

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Table Talk: Bob Ellis on Film and Theatre Monday, May 25, 2015 - 12:18 Source

‘It both showed truly the first, feminist counterblast against the gropers, the one-night standers, and the casting-couchers, and the dark heart of their oppressors. And it showed as well the convulsions that followed the Pill, the John Kennedy murder, the Black revolution, the rise of television, and what might be called the Age of Alimony on American and world affairs.’

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