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MacroBusiness Tuesday, April 18, 2017 - 10:05 Source

Via The Australian: The Turnbull government has renewed warnings it could foist tougher regulations on the gas sector ahead of a high-powered meeting on getting more gas to east coast domestic users and as manufacturers warn they face a “price disadvantage” compared with Japan, Europe and the US. Ahead of talks tomorrow between gas industry

The post Do-nothing Malcolm waves lettuce leaf at gas cartel appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 18, 2017 - 09:55 Source

From Bill Evans of Westpac today: Given the Reserve Bank’s intense concentration on stability issues, including the introduction of new guidelines from APRA, the April Stability Review is of particular interest. Our interest is twofold. Firstly to gauge the degree of concern with which the Bank views the current risks and secondly whether it has

The post Does the RBA understand what it’s taken on in household debt? appeared first on MacroBusiness.

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Renew Economy Tuesday, April 18, 2017 - 09:41 Source

As the cost of solar, storage and wind continue to fall, the pressure on utility business models and their so-called "parenting advantage" will increase significantly.

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MacroBusiness Tuesday, April 18, 2017 - 08:48 Source

By Chris Becker   As most of the world had a long weekend, two leaders with weird haircuts ratcheted up the tensions in Korea sending volatility through the roof on futures, although US stocks came back last night as the USD strength faded slightly. The bigger moves are in commodities with the continued slump in iron

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 18, 2017 - 08:27 Source

Markets continue to ignore North Korea. The USD was soft last night: Commodity currencies were strong: Gold sold: Brent too: Base metals were mixed: Big miners were hit: EM stocks did OK: And high yield: US bonds were bought: European spreads widened: And stocks took off: Rather stupidly. North Korea is escalating: Yonhap reports that

The post Ignoring North Korea is ill-advised appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, April 18, 2017 - 08:19 Source

  Returning triumphant from his taxpayer-funded pollie pedal ride, Tony Abbott has engaged in a media blitz to pass on his diagnosis of the problems of modern politics. First, he wrote an article in The Telegraph outlining how the Coalition was on the road to defeat and what they should do to turn it around. …

The post The suppository of all wisdom’s verbal diarrhea appeared first on The AIM Network.

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MacroBusiness Tuesday, April 18, 2017 - 07:55 Source

Via Domainfax: Deloitte Access Economics’ quarterly business outlook, released today, predicts the official cash rate of 1.5 per cent will climb slowly in 2018 and 2019 to reach 3 per cent in the early 2020s. The Reserve Bank was well aware “interest rates are now a massively more potent weapon for slowing the Australian economy

The post Deloitte: Housing bubble “gonna blow” appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 18, 2017 - 07:45 Source

By Leith van Onselen After spending the past year categorically ruling-out reforms to negative gearing, reports have emerged that the Turnbull Government is considering making changes after all in the upcoming Federal Budget. From The AFR: …sources have told The Australian Financial Review the government has investigated the possibility of putting a limit on the

The post Do-nothing Malcolm reconsidering negative gearing reform appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, April 18, 2017 - 06:00 Source

Tuesday 18 April 2017 1 Whilst I enjoyed 8 days off from my day to day writings on matters of politics, I was burdened with the absurdity of it. No, not my writing, but the unadulterated nonsensical crap that invades the democratic process. Every time I tried to divorce myself from it something more incongruous would find itself into…

The post Day to Day Politics: 8 days of political garbage. appeared first on The AIM Network.

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MacroBusiness Tuesday, April 18, 2017 - 05:35 Source

Andrew Bolt sums up the latest Coalition chaos: The Coalition is splintering: Responding to Mr Abbott’s latest public interventions – a newspaper column in which he sought to diagnose the problems of modern politics, and a high-profile Sydney radio interview – Mr Entsch called on him to “back off”. Mr Abbott should honour his promise of “no

The post Abbott takes gloves off, Coalition wheels fall off appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 18, 2017 - 05:32 Source

Via the AFR: The peak industry group has urged the Prime Minister to increase the pressure on east coast gas exporters to expand local supplies and consider restricting exports to tackle the “enormous” price impacts on energy buyers. The call came in a letter from Australian Industry Group chief executive Innes Willox sent to Malcolm Turnbull

The post AIG and Shorten lead energy market towards “swaps” disaster appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 18, 2017 - 00:15 Source

From Essential poll: Only 13% of Australians are seeing rising living standards. This is a stunning number that explains pretty much everything about contemporary politics. This is the lived experience of Australia’s failed post-mining boom adjustment which politics failed completely to grasp. It would have been fixed by offering a plan that: outlined the problem that

The post Half of Australians seeing falling living standards appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 18, 2017 - 00:14 Source

From Professor Rodney Tucker, of Melbourne University via Australian Journal of Telecommunications and Digital Technology: Introduction Australia performs poorly in global rankings of broadband download speeds (Smith, 2017).  NBN Co argues that the situation will improve (Dinham, 2017) as more customers connect to the fibre to the node (FTTN) and hybrid fibre coax (HFC) components of the

The post How Do-nothing Malcolm butchered the NBN appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 18, 2017 - 00:10 Source

By Leith van Onselen Remember late last month when the Turnbull Government committed low wages harakiri by warning the Fair Work Commission against a significant rise in the minimum wage, warning that an “excessive” pay rise could imperil job creation and making the idiotic comment that low-paid workers “are often found in high-income households”? Well it

The post Coalition issued voter warning on minimum wage appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 18, 2017 - 00:05 Source

Pretty much picking up where we left off. Spot thrashed with DCE futures down further overnight. SGX is in free fall as well. So is rebar. Chinese iron ore port stocks fell 950kt which is good, I guess, but we’ve wiped one third off the price and lost 1% of the inventory. We need to

The post Daily iron ore price update (shellacked) appeared first on MacroBusiness.

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