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En Passant
Monday, June 19, 2017 - 09:55
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(image via abc.net.au) Is the Grenfell Tower disaster ‘corporate manslaughter’? asks John Passant in Independent Australia. |
MacroBusiness
Monday, June 19, 2017 - 09:53
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From Macquarie on the rise of Millennials: Millennials are in the process of drastically changing the income and spending trends of Australia by altering the hierarchy of needs and preferences to include: Sharing over waste; Experience over materialism; Wellness over hedonism; Sustainability over corporate excess; and Purpose at work The post Are you set for Millennial disruption? appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Monday, June 19, 2017 - 09:42
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By Leith van Onselen In 2015, the global anti-money laundering (AML) regulator – the Paris-based Financial Action Taskforce (FATF) – released its mutual evaluation report which found Australian homes are a haven for laundered funds, particularly from China, and urged the Australian Government to implement the second tranche of AML legislation covering real estate gate The post Global regulator blacklists Straya over money laundering appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Monday, June 19, 2017 - 09:30
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By Chris Becker Another wonderful week on macro markets begins! Last week saw continued domestic imbroglio in the US not able to translate to further volatility, instead relying upon the FOMC meeting to deliver a weak punch with its fourth rate rise to the rising inflation meme, with official CPI slowing. Treasury yields are inexorably The post Macro Morning (Trading Week) appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Monday, June 19, 2017 - 09:25
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Hello capex cliff round two: Following our recent review, we have increased our Australian housing starts assumptions 7% in FY17 (following higher than expected 2HCY16 starts), and reduced forecasts in FY18 to 198k units (100bp reduction vs our previous FY18 growth assumption) and FY19 to 177k units (800bp reduction vs our previous FY19 growth The post Deutsche guts dwelling construction outlook appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Monday, June 19, 2017 - 09:07
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By Leith van Onselen The Australian’s Adam Creighton has penned another thought-provoking piece questioning whether inflation is really as low as suggested by the official statistics: Australia’s official inflation rate, which has hovered between 1 and 2 per cent a year for the past few years, is trotted out as evidence of low inflation. But The post Is low inflation a myth? appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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The Melbourne Urbanist
Monday, June 19, 2017 - 08:59
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The Grenfell Tower fire was the result of flawed policy on public housing, not some inherent flaw in the high-rise residential building type Does the Grenfell Tower fire mean we should stop building residential towers? |
MacroBusiness
Monday, June 19, 2017 - 08:52
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The post View from the pit appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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The Australian Independent Media Network
Monday, June 19, 2017 - 06:04
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Monday 19 June 2017 America has never, in my knowledge, seen a Presidency like Trumps. Scribes like me wonder at the breathtaking capacity of his ability to self-destruct. 1 Lets have a run through of what’s taken place since my last report. Well I suppose the strangest thing was the Presidents peculiar invitation to go… The post Day to Day Politics: The Trump Report No 17. More Mayhem. appeared first on The AIM Network. |
MacroBusiness
Monday, June 19, 2017 - 00:20
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Australia now has the most expensive energy bills in the cosmos: Yet in terms of our resource endowment, we are probably closest to Norway on that chart. How did it come to this? Jessica Irvine wrote a good piece a week ago summarising the three drivers of energy price rises in Australia: In reality, there The post Straya takes gold in globe’s most costly energy bills appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Monday, June 19, 2017 - 00:19
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The Aussie dollar was up and away Friday night versus DMs: And EMs: Gold was weak: Oil firmed: Base metals too: Big miners were hit: EM stocks are consolidating: High yield has hit turbulence: As energy credit comes under a little strain: However US rigs still climbed another 6 to 747: US bonds were bought The post Have central banks already spoiled the global market party? appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Monday, June 19, 2017 - 00:18
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Via Goldman: Unintended Consequences of Outperformance While FANG has dominated investor focus, the nature of the acronym has expanded more broadly to encompass mega-cap tech. Indeed, the bigger story in our view is FAAMG – Facebook, Amazon, Apple, Microsoft and Alphabet – a group of five stocks which have been the key drivers of both The post Is FANG a bubble? appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Monday, June 19, 2017 - 00:16
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Makes that 14 Newspolls in a row: The Coalition is struggling to climb out of a dangerous slump after trying to win back voters on school funding and energy prices, with the government trailing Labor by 47 to 53 per cent in two-party terms. Malcolm Turnbull has kept his lead over Bill Shorten as preferred The post Another Newspoll down as Pauline’s Malcolm jihad grows appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Monday, June 19, 2017 - 00:16
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By Leith van Onselen Anyone that lives in Melbourne will have experienced the crippling rise in congestion on our transport networks first hand. Morning and evening peaks now run for hours, traffic is forever thick on the weekends, and the time taken to travel from point A to point B now takes longer than ever. The post Population boom drives Melbourne toward trafficpocalypse appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Monday, June 19, 2017 - 00:16
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By Leith van Onselen Fairfax has released ‘secret’ modelling showing how the Turnbull Government’s revamped “Gonski 2.0” needs-based school funding plan would “rip” money from Catholic schools to give to public schools: The Department of Education data shows the country’s public schools would receive a $4 billion windfall over the next decade if the Turnbull The post Gonski 2.0 correct to divert funds from Catholic to public schools appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
North Coast Voices
Monday, June 19, 2017 - 00:16
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Mainstream media looks at the recent antics of Anthony John Abbott, failed prime minster................ |
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MacroBusiness
Monday, June 19, 2017 - 00:15
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CoreLogic released its auction report yesterday, which revealed a further softening of the national auction clearance rate to 69.6% from 71.8% last weekend, but was still above the 67.4% recorded in the same weekend last year: Auction volumes nationally were 2,407 – above the 2,183 recorded in the same weekend last year. As shown above, The post Auction clearances soften appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Monday, June 19, 2017 - 00:15
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From Lexology: In Federal Budget 2017, the Government is clamping down on tax avoidance by foreign investors in real estate, by tightening the foreign resident capital gains tax withholding regime. The new laws apply to both Australian resident and foreign resident vendors: Australian resident vendors of real property of $750,000 or more need to provide a Clearance The post The new foreign property buyer regime appears tougher appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Monday, June 19, 2017 - 00:15
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You know you’ve made it when The Economist picks you up: WHEN Malcolm Turnbull, Australia’s prime minister, urged China earlier this month to respect “the sovereignty of others”, many took it as criticism of China’s expansive territorial claims in the South China Sea. But the comment might just as easily have been a reference to The post Australia’s China corruption goes global appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Monday, June 19, 2017 - 00:15
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Weeoo, weeoo, weeoo. If you’re planning on refinancing or picking up a new interest-only non-bank loans to dodge APRA curbs then The Pascometer is screaming a a warning for you today: The Law of Unintended Consequences does not sleep. The Australian Prudential Regulation Authority’s crackdown on real estate lending by the banks it regulates is The post Pascometer burns red on cheap mortgages appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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North Coast Voices
Monday, June 19, 2017 - 00:15
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"4.40 Stakeholders reported many instances of abuse of people receiving aged care. These included reports of abuse by paid care workers and other residents of care homes, as well as by family members and/or appointed decision makers of care recipients. For example, Alzheimer’s Australia provided the following examples of physical and emotional abuse: When working as a PCA [personal care assistant] in 2 high care units, I witnessed multiple, daily examples of residents who were unable to communicate being abused including: PCA telling resident to ‘die you f—ing old bitch!’ because she resisted being bed bathed. |
MacroBusiness
Monday, June 19, 2017 - 00:14
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By Leith van Onselen Fairfax’s Crispin Hull penned an interesting article over the weekend explaining how low income earners reliant on the minimum wage are facing hefty tax increases in the years ahead as they are pushed into higher tax brackets: The minimum-wage earners are knocking at the door and just one more increase like The post The problem with bracket creep appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Monday, June 19, 2017 - 00:12
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By Leith van Onselen In the wake of the towering inferno that engulfed London’s Grenfell Tower, killing more than 50 people, action is expected to be taken to fix the many highrise towers across Australia that used similar flammable cladding, which could result in costly repair bills. From The Australian: Australian Society of Building Consultants The post Australia’s flammable apartments facing costly repair bill appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Monday, June 19, 2017 - 00:10
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So predictable: Rebel member Brett Stevenson said CPA’s response was a “complete whitewash” and repeated a call for Mr Malley and the remaining board members to step down, while UTS accounting professor Stephen Taylor said the board looked to be effectively overseeing a review into itself. “How can the chairman come out and say we The post Naked CEO’s woes worsen with fake review appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Monday, June 19, 2017 - 00:05
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Iron ore price charts for June 18, 2017: Tianjin spot rose 20 cents to $53.90. Paper was flat overnight. Steel is firming again. We may need to see rebar roll over before iron ore takes another material leg lower. Port stocks fell 1.1mt to 138.95mt. In news there is a little relief for FMG, via The post Daily iron ore price update (FMG relief) appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Monday, June 19, 2017 - 00:04
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Cross-posted from Investing in Chinese Stocks. According to CASS data: The median price of the above cities (Beijing, Shanghai, Guangzhuo) in May were 61685 yuan per square meter, 54458 yuan, 22,273 yuan, respectively, compared with April decreased by 3.2%, 0.4%, 0.5%. Another first-tier cities in Shenzhen, the median price of 50423 yuan per square meter, The post Chinese house prices begin to fall appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Monday, June 19, 2017 - 00:01
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Global Macro / Markets / Investing: How the cost of light has fallen by a factor of 500,000 – Human Progress New algorithm teaches robots human etiquette – Indian Times A Wall Street veteran’s views on climate risk: We must act now – The Hill Global coal production sees biggest decline in history – Tree Hugger Pimco’s New Bond The post Links 19 June 2017 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
Sunday, June 18, 2017 - 22:14
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A life-threatening political and constitutional crisis is brewing for the Turnbull government this week as three Ministers of the Crown face contempt proceedings in Victoria’s Supreme Court. No big deal; just a politically motivated, orchestrated attack on judges for being hard left activists who are soft on terror, while, off Broadway, the Coalition’s out of… |
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Poll Bludger
Sunday, June 18, 2017 - 21:48
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The first Newspoll result in three weeks, courtesy of The Australian, has Labor’s two-party preferred lead unchanged at 53-47, from primary votes of Coalition 36% (steady), Labor 37% (up one), Greens 9% (down one) and One Nation 11% (up two). |
The Australian Independent Media Network
Sunday, June 18, 2017 - 15:00
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By Terence Mills Call that a debt explosion … This is a real debt explosion! Over the weekend Australia’s gross debt reached a record $500 billion – that’s half a trillion dollars – representing a massive loan repayment obligation for future generations of Australians and highlighting the monumental hypocrisy of the Coalition. When gross debt… The post Can Australia really afford the ‘luxury’ of a Coalition government? appeared first on The AIM Network. |
