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Oz Blog News Commentary
Renew Economy Thursday, May 24, 2018 - 10:15 Source

South Australia shows surprisingly little curtailment of wind energy, even though its output can reach 120% of demand at times.

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MacroBusiness Thursday, May 24, 2018 - 10:15 Source

Via S&P: Australian home loan arrears rose in March. The Standard & Poor’s Performance Index (SPIN) for Australian prime mortgages increased to 1.18% in March from 1.16% in February, according to a recent report by S&P Global Ratings. Mortgage arrears remained relatively unchanged year on year in March and are lower than the decade-long average

The post Mortgage arrears resume uptrend appeared first on MacroBusiness.

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The Tally Room Thursday, May 24, 2018 - 10:00 Source

I’ve got a couple of new datasets now up on the website for you to use.

I’ve now published the complete dataset from the 2017 NSW council election, including the list of candidates, the list of booths (including latitude/longitude) and the voting figures at the ward level and at the polling place level. I’ve also included mayoral results at the council and polling place level.

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MacroBusiness Thursday, May 24, 2018 - 10:00 Source

By Leith van Onselen Treasurer Scott Morrison has finally revealed that the Federal Government’s three-stage personal income tax package will cost $143.95 billion in total over a decade, with the first two stages to cost $102.35 billion. The tax bill was passed by the House of Representatives yesterday, although it is likely to face an

The post Coalition’s income tax cuts to cost Budget $144 billion appeared first on MacroBusiness.

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MacroBusiness Thursday, May 24, 2018 - 09:38 Source

Via Domainfax: The suburban revolt against the NSW government’s medium density code is gathering pace, with four councils granted a 12-month delay of the new rules that make it easier for homeowners to build terraces on their properties. Another five councils are seeking a deferral of the new planning rules to consider the impact of

The post Council revolt explodes against Queen Lucy’s Sydney hell hole appeared first on MacroBusiness.

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MacroBusiness Thursday, May 24, 2018 - 09:30 Source

By Leith van Onselen It’s a question I have often pondered. With the Turnbull Government confirming that the Adani Carmichael coal mine will not receive NAIF funding, Australia’s largest rail freight company – Aurizon – stating that it will withdraw its application for a federal government loan to build the rail corridor, as well as

The post Why won’t Adani die? appeared first on MacroBusiness.

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MacroBusiness Thursday, May 24, 2018 - 09:15 Source

Notice the expanding number of banks turning bearish on house prices lately? Damien Boey today argues that that is springing from a much deeper problem. Interbank funding market is redundant and therefore relevant It is well documented that interbank credit spreads are elevated by historical standards. But it is far less well understood why this

The post Credit Suisse: Banks’ perceptions of each other’s credit risk is rising appeared first on MacroBusiness.

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MacroBusiness Thursday, May 24, 2018 - 09:00 Source

By Leith van Onselen Last month, UBS released damning analysis of Westpac’s mortgage sample from the Royal Commission, which revealed that ‘liar loans’ are prevalent among its $400 billion mortgage book, and that 35% of Westpac’s sample loans had Debt-to-Income ratios above 7 times: Now, in the wake of the Australian Prudential Regulatory Authority’s (APRA) recent

The post Macroprudential 3.0 takes aim at Sydney and Melbourne property appeared first on MacroBusiness.

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MacroBusiness Thursday, May 24, 2018 - 08:13 Source

By Chris Becker It was looking like another bad night on Wall Street before the latest FOMC minutes helped push stocks higher later in the session as the board revealed their lack of follow through on raising rates. The USD rallied anyway against most of the majors, although the Aussie dollar is looking bullish again.

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Thursday, May 24, 2018 - 07:31 Source

The EUR broke last night and DXY hit new highs: AUD pulled back: EM forex rallied: Gold was stable: Brent is ripping away from WTI: Base metals were mixed: Big miners down: EM stocks are still at support: Junk held on: Treasuries were gobbled up: And bunds: As the Italian puke returned: European stocks were

The post Dovishish Fed rescues Australian dollar appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, May 24, 2018 - 06:00 Source

Thursday 24 May 2018 On Monday my wife and I attended a function at which a friend, Dan Clancy, a councillor with the La Trobe Valley Council was the guest speaker. The La Trobe Valley was the home of the Hazelwood power station that closed in 2017. Dan is a relatively new councillor and in an…

The post Day to Day Politics: Bloody Hell, just get it done. appeared first on The AIM Network.

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MacroBusiness Thursday, May 24, 2018 - 04:11 Source

Via The Guardian: Malcolm Turnbull has confirmed he has sought information from Australia’s intelligence agencies about the implications of the chair of parliament’s intelligence committee publicly revealing details of an FBI investigation provided by American officials in a private briefing. It comes as the governor of the reserve bank, Philip Lowe, called for Australia to “avoid

The post Why is the RBA telling Australia to kowtow to China? appeared first on MacroBusiness.

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MacroBusiness Thursday, May 24, 2018 - 00:30 Source

Via StuffNZ: In an ideal world, the CEO of Westpac New Zealand would like to see house price growth remain on hold for the next few decades. Speaking at a Trans-Tasman Business Circle breakfast in Auckland on Wednesday, David McLean said: “What we think New Zealand needs is a long period – maybe 20 or 30

The post Westpac: Ideally, house prices will fall for thirty years appeared first on MacroBusiness.

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MacroBusiness Thursday, May 24, 2018 - 00:25 Source

The Chinese dictator has jumped the shark in his push to control Australia. All he had to do was to keep quietly buying houses and we were goners. Canberra was falling over itself to hand it to him, from Professor Warwick McKibbin several years ago: Obsessed by weak commodity prices and volatility in global financial

The post Turns out the Chinese dictator has a glass jaw appeared first on MacroBusiness.

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Club Troppo Thursday, May 24, 2018 - 00:24 Source

For some time now we’ve been ‘proving up’ citizens’ juries as a means of consulting the people, but generally within the context of governments being in charge. As a result they’ve been mostly relatively innocuous.

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