Articles from MacroBusiness

Traffic congestion is getting worse, led by Sydney and Melbourne

By Leith van Onselen Just a fortnight after the Grattan Institute released propaganda claiming “Australia’s urban commuters have little to fear from population growth”, that “migration has not brought cities to a standstill”, and that the impact of population growth is “benign”, the truth has been revealed yet again, with the Australian Automobile Association (AAA)

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Bill Evans: House price leading indicators worse than GFC

From Bill Evans, the most honest of the of the major bank economists by some distance:

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BofAML: Outbreak of global peace to drive AUD to 84 cents

Via BofAML which see the Australian dollar jumping to 84 cents by year-end 2019: We are relatively optimistic. The fundamentals are strong in Australia, particularly for the labour market. A key reason that we thought the [US] dollar would be strong was the fiscal stimulus. Looking ahead the impact will start to fade and we

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Canadian house price growth bounces from post-GFC low

By Leith van Onselen The Teranet-National Bank House Price Index for September has been released, which shows that Canadian house price growth has bounced from last month’s post-Global Financial Crisis (GFC) low: In the year to September, Canadian home values rose by just 2.1%, up from 1.4% last month. The rebound was driven by Toronto,

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Cold War China militarises soccer team

Via the ABC because we have so much in common: Chinese football’s governing body has turned to military drills in its latest attempt to fulfil President Xi Jinping’s goal to make the country a great football power by the turn of the century. Over the weekend, more than 50 of the country’s top under-25 players

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Links 16 October 2018

Global Macro / Markets / Investing: Uber’s secret weapon is its team of economists – Quartz Bitcoin must die – Slugger Dr. Doom Ignites A Bitcoin Firestorm – Forbes Oil could hit $200 ’or even double that figure’: Saudi threatens to retaliate against any sanctions over Khashoggi disappearance – Financial Post U.S. Stocks Have Been

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Macro Afternoon

Despite the positive finish on Wall Street on Friday night, markets here in Asia are continuing to selloff as tensions mount in the Middle East with Saudi stock markets tanking on the weekend (about the only thing they get right is allowing trading on weekends!) plus a fallout from German and Italian political troubles. Safe

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Watch ABC 7.30 Report’s population special tonight

I never thought I’d say this, but The ABC might actually do justice to the population debate after Four Corners’ recent heavily biased special (which featured a swathe of pro-‘Big Australia’ spruikers like Bernard Salt, Innes Willox, Liz Allen and Peter McDonald). Tonight, ABC 7.30 Report will air part-one of a three part special, which

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Albo again demands high speed ponzi rail

By Leith van Onselen Labor’s infrastructure spokesman, Anthony Albanese, has repeated his call for a High Speed Rail (HSR) linking Melbourne and Sydney: Australia must start planning for a high-speed rail network along the east coast, says Labor’s infrastructure spokesman Anthony Albanese. Mr Albanese on Monday introduced a private bill to establish a high speed

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Fitch: Trade wars and regulation threaten Australia’s house prices

No shit, Sherlock: Housing Risks Re-Emerge Wilting house prices have prompted 50% of Australian fixed-income investors to nominate a domestic housing market downturn as the top risk to Australian credit markets over the next 12 months. While regulations and tighter lending standards have played their part, external threats posed by trade wars also loom and

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