by Chris Becker As US stock markets recover from the December rout, even as the Trump shutdown rolls into its 29th day, it’s critical to look at what goosed the S&P500 to its previous highs before this latest correction. A year into Trump’s presidency and the US economy was sailing along if measured by lower
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In 2006, British contractor Nick Stride was hired to work on the refurbishment of a palace under construction for Russia’s First Deputy Prime Minister, Igor Shuvalov, on his estate outside Moscow. The project included the construction of a luxurious greenhouse known as the “Wintergarden,” and the cost of the refurbishment is thought to be in excess…
By Leith van Onselen Today’s Lending Finance data for November, released by the ABS, revealed that personal and renovation finance continues to collapse. Personal finance commitments were down 9.5% over the year, are down 26% since the March 2013 peak, and are tracking at the lowest level since late 2002: In a similar vein, renovation
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by Chris Becker The Chinese GDP print has seen the Australian dollar fall back to the Friday night session lows at 71.50: With Kiwi also falling: But stocks are still well bid in response to the surge on Wall Street on Friday night, although the ASX200 is now treading water. Amid all the GDP prints –
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By Leith van Onselen Former New Zealand skills minister Steven Joyce is currently reviewing the vocational education and training (VET) sector for the federal government. Joyce says it has become clear to him that there is an inherent bias against VET in Australia in favour of universities, and that he was surprised about the lack
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by Chris Becker From the bowels of Ross Gittins comes “Positions vacant: the nation needs economists (women preferred)” Never in the field of economic conflict was so much analytical effort devoted to so few… as in Reserve Bank governor Philip Lowe’s one-man crusade to save the economics profession. This latter-day Lord Kitchener wants more young
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The internet, or to be more exact, social media on the internet is now the weapon of choice for political control … saturation propaganda or the more subtle persuasions of individual messaging via subliminal texts are becoming the norm of political leafleting throughout Western countries … Where once “speaker’s corners” told the interested public from…
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Demonstrating resilience in rising and falling markets, the three-year performance of the Australian CleanTech Index is nearly 30% ahead of the ASX200.
Second installment of National Electricity Market (NEM) Year in Review looks at how the energy mix evolved in 2018 – the year of large-scale solar.
By Leith van Onselen Australia’s speculator frenzy continues to unwind abruptly, according to today’s Lending Finance data for November, released by the ABS. As shown below, the annual value of investor loans in New South Wales (read Sydney) is falling fast, as is Victoria (read Melbourne). Investor loans in the other major jurisdictions are also in
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By Leith van Onselen The Australian has stepped-up its scare campaign against Labor’s negative gearing and capital gains tax (CGT) reforms, arguing that Labor risks alienating its voter base and losing crucial votes in the upcoming federal election. Here’s Adam Creighton and Michael Roddan: More than a quarter of all Australians who own an investment property
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By Leith van Onselen Construction expert David Chandler says he was not surprised about the structural problems that have afflicted Sydney’s Opal Tower. Chandler, who is a former CEO of Fletcher Construction Group and who chaired the inquiry into the flawed $16.2 billion school halls national building project, says little seems to have been done
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By Leith van Onselen The destruction of Sydney’s residents’ living standards from endless immigration-fuelled population growth is well documented. As the city’s population has ballooned by 960,000 people over the past 13-years, we’ve seen traffic congestion worsen immensely: And housing affordability deteriorate to levels that are amongst the worst in the world: The crush-loading is
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The state election in New South Wales is just over two months away, and my complete guide to the election is now published here.
The guide includes profiles of all 93 seats, as well as a guide to the Legislative Council election.
I can now also provide a list of every candidate for the state election that I know of. Thanks to Nick Casmirri for doing much of the work finding candidates.
From Roy Morgan Research: Roy Morgan Business Confidence fell by 1.6pts (-1.4%) in December to end 2018 at 112.2 continuing a trend which has seen Business Confidence decline in six out of the last seven years in the final month of the year. Business Confidence ended 2018 a significant 5.2pts below its level of a
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