Blogotariat

Oz Blog News Commentary
MacroBusiness Tuesday, June 12, 2018 - 12:02 Source

By Leith van Onselen Today’s housing finance data for April released by the Australian Bureau of Statistics (ABS) revealed a continuing slump in overall finance commitments, led by investors. According to the ABS, the total number of owner-occupier finance commitments (excluding refinancings) fell another 1.9% in April in seasonally adjusted terms and was down 4.4%

The post Housing finance slump rolls on appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 12, 2018 - 11:51 Source

Not that it was ever as good as advertised bu the NAB survey boom is looking toppy: Of note, employment, profitability down sharply, stocks up sharply. The leading indicators of forward orders and capex are rolling: And services confidence is off hard ahead of conditions with ponzi-states in the south east hit hardest: Business confidence

The post NAB business survey boom goes bust appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 12, 2018 - 11:45 Source

Via Domainfax: Cuts in power sector emissions are unlikely to be maintained, while those from the transport sector will continue to climb in the absence of mandatory standards, according to analysis by The Australia Institute. “From now on … electricity emissions will fall much more slowly” if not remain flat, Hugh Saddler, an energy analyst

The post Straya still the global carbon glutton appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 12, 2018 - 11:30 Source

By Leith van Onselen In the lead-up to last year’s September general election, New Zealand Labour Party launched a plan to reduce immigration by around a third in a bid to relieve chronic housing and infrastructure pressures (especially around Auckland): Last weekend, the Labour-led Government announced that it would triple the amount of time that

The post NZ Labour sinks into immigration lies appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 12, 2018 - 11:23 Source

AUD is down sharply through the morning as DXY rallies across Asia: Bonds are bid: The ASX is ignoring overnight leads and remains soft: Dalian is down: Big Iron too: Big Oil up: Big Gold down as DXY rallies: Big Scum is still wrestling with its giant support line: Big Puswad likes what it sees

The post Australian dollar slides back into 75s appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 12, 2018 - 10:45 Source

By Leith van Onselen Consumer groups are calling for the income threshold that determines when a worker qualifies for mandatory superannuation payments to be increased or indexed. The $450 a month threshold has not changed since compulsory super was introduced nearly 30 years ago. As usual, the superannuation industry is pushing back as it stands

The post Consumer groups demand lift in compulsory super threshold appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 12, 2018 - 10:30 Source

“Are you seriously saying people who are uncomfortable with their wage growth are whingers?”, asks @farrm51, as the Insiders panel discuss the impact of wage growth. #Insiders #auspol @barriecassidy @annabelcrabb pic.twitter.com/sNVRW0daGU — Insiders ABC (@InsidersABC) June 10, 2018 By Leith van Onselen We all know that The AFR’s Editor, Michael Stutchbury, has a pro-business bias. But

The post Stutchbury: Aussies “whingers” about wages growth appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 12, 2018 - 10:15 Source

Did he just say it? At the AFR: It’s not that the public are opposed outright to immigration. All but a handful of extremists know immigration is necessary and inevitable. All they ask for is for immigration to be properly managed. Remember the old Howard slogan: we decide who comes to our country and the

The post Alexander Downer: Cut immigration appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 12, 2018 - 09:59 Source

By Chris Becker Emerging frontlines in what could be the biggest trade war in decades are being ignored left and right by risk markets as Asia wakes up to the Korean/US summit in Singapore today. Two tin-pots clamouring for attention on the world stage might attraction volatility, but so far the signs are normal across

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 12, 2018 - 09:45 Source

Recall the recent op-ed by Migration Council Chair Innes Willox: Anti-business rhetoric in Victoria has reached fever-pitch, risking jobs and investment. By parroting overly emotive unions terms such as “wage theft”, the State Government is supporting a divisive agenda that will only serve to drive employers away. Running businesses is risky, complex and tough. The

The post ACTU dumb on Migration Council wage attack appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 12, 2018 - 09:30 Source

By Leith van Onselen While the Turnbull Government and the Business Council of Australia (BCA) continue to insist that reducing the company tax rate is essential to fuel investment, jobs and wages growth, evidence of the impact from the recent US corporate tax cuts to 21% from 35% continues to disappoint, fuelling little more than

The post Why cutting company taxes will fail to boost investment appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 12, 2018 - 09:15 Source

This is about right, at the AFR: Sydney and Melbourne’s already faltering house prices are set to slide by another 9 per cent under Labor’s planned property tax changes which would be the equivalent of borrowing costs rising by more than 20 per cent. A detailed study of how the reforms would affect 84 local

The post Negative gearing reform to hit house prices hard appeared first on MacroBusiness.

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The Tally Room Tuesday, June 12, 2018 - 09:15 Source

There has been a lot of discussion recently about the lack of representation of women in the Liberal Party, and it got me thinking about what sort of seats tend to be represented by women. Do they tend to hold safer seats, or more marginal seats? I recently noticed that most coalition women hold marginal seats, in the context of Jane Prentice and Ann Sudmalis facing preselection threats.

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MacroBusiness Tuesday, June 12, 2018 - 09:00 Source

By Leith van Onselen The Minerals Council of Australia (MCA) claims Australia is facing budding shortage of mining engineers because of a lack of students studying engineering at university. From ABC News: The Minerals Council of Australia says close to 300 mining engineers were graduating every year during the resources investment boom. Based on current

The post Why study engineering unless you plan to emigrate? appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, June 12, 2018 - 06:00 Source

Tuesday 12 June 2018 The electorate has always believed that the Liberal Party are better managers of the economy. That it is a myth is unimportant. “Life is about perception, not what is but what we perceive it to be” Pensioners will always vote for the Coalition even though the right of politics couldn’t give…

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