Pretty simple maths that eludes the lockdown fear mongers: This seems obvious to me but nevertheless here are two charts via Nomura which suggest that **easing social distancing measures doesn’t automatically equate to an economic boost if it comes with more COVID cases** pic.twitter.com/cF47xxmJad — Tracy Alloway (@tracyalloway) June 29, 2020 In short, the virus
The post Easing lockdowns does not boost economy with more virus appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
A new report (above) has found that New Zealand’s quarantine system for returned international travelers was unable to cope due to extreme stress amid high levels of demand. The report highlighted weaknesses in the system relating to things such as the use of PPE and a lack of standard procedure for health and well-being checks.
The post The dangers of international student quarantine appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Bidding war breaks out for ASX-listed Infigen Energy ramp up as overseas suitors up their offers.
Research by consulting firm EY suggests that younger Australians could miss out on as much as $7 billion in lost wages over the next 10 years because of the COVID-19 recession. As much as 90% of a person’s income growth happens in the first decade of their career, so starting one during a recession can
The post Young Aussies face COVID-19 lost decade appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
The AFR has today used a journalist to declare that a journalist has no authority to discuss MMT (I mean, how would he know?): Out there, on the wild fringes of economics, modern monetary theory is picking up momentum. MMT, as it is known, is a panacea for troubled times. Government deficits don’t matter, printing
The post AFR does hatchet job on Kohler MMT push appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Energy minister Matt Kean says NSW can become renewable and economic superpower thanks to resources of low cost wind, solar and storage, if ideology doesn't get in the way.
The Australian dollar is stable this morning: As bond yields at the long end toy with break down: XJO is down a goodly 2% and the uptrend line is well busted: Big Iron is soft: The bellwether of the bust, oil, is sending a clarion warning: Big Gold is strong and even bloody NCM is
The post ASX bath of blood bubbles over anew appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
The Grattan Institute has attacked the legislated lift in the superannuation guarantee (SG) to 12%, claiming it would “leave an enormous hole in economic activity”: Legislated plans to increase the rate of compulsory superannuation contributions incrementally to 12 per cent of wages between 2021 and July 2025 would also exacerbate the economic problems caused by
The post Increasing compulsory superannuation would crush consumer spending appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
NSW energy minister Matt Kean says cheap and clean wind, solar and storage can turn the state into an economic superpower. It’s an opportunity too good to miss.
NSW energy minister Matt Kean says cheap and clean wind, solar and storage can turn the state into an economic superpower. It’s an opportunity too good to miss.
The Grattan Institute has released a new report urging the federal government to inject $70 billion to $90 billion of additional stimulus into the economy in order to boost growth and soak up the unemployed: Over the past three months, the Federal Government has announced an unprecedented fiscal injection of $136 billion (about 7 per
The post Grattan: Give $10b of welfare to temporary visa holders appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
By Chris Becker Wall Street stumbled on Friday night with yet another reversal in sentiment as the US failed response to the coronavirus with yet another record high number of cases has seen many States begin to again restrict economic activity. US stocks were off by more than 2% and futures are suggesting similar falls
The post Macro Morning appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
We’ve entered the last week of early voting before this Saturday’s by-election in the south-east NSW seat of Eden-Monaro. We have quite a bit of data about who is casting an early vote, and it tells us that there has been a big increase in postal votes, but it looks like the increase in pre-poll votes will only be slight.
Via News comes generally good news: A major investigation into an alleged espionage plot to infiltrate Australian politics is continuing, with ASIO raiding the home of a political staffer. Prime Minister Scott Morrison on Friday warned foreign powers, including China, that he “won’t cop” attempts to influence politics. “We won’t cop anyone coming and seeking
The post So, when will ASIO raid Gladys Liu’s office? appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]