Blogotariat

Oz Blog News Commentary

Articles from MacroBusiness

Lookout Coles/Woolies, Kaufland planning aggressive expansion

October 15, 2018 - 10:45 -- Admin

By Leith van Onselen Another German discount supermarket giant, Kaufland, is readying for an aggressive expansion into Australia with 32 stores to open in Australia by 2023. From The AFR: The world’s fourth largest retailer, the Schwartz Group, has injected another $60 million capital into Kaufland Australia… Kaufland, the sister chain of German discounter Lidl,

The post Lookout Coles/Woolies, Kaufland planning aggressive expansion appeared first on MacroBusiness.

Can coal save house prices?

October 15, 2018 - 10:32 -- Admin

You wouldn’t know it from reading the MSM but Australia is in the middle of its second largest coal boom in history: The causes are many: China rationalisation and stimulus, supply side accidents etc. Both will ease from here most likely but not crash. And that means this, via the AFR: The federal government could

The post Can coal save house prices? appeared first on MacroBusiness.

Labor flags huge NBN writedown

October 15, 2018 - 10:15 -- Admin

By Leith van Onselen The federal Opposition’s communications spokeswoman, Michelle Rowland, says Labor is considering a writedown of the National Broadband Network (NBN) if it wins the next election. Doing so would make it easier for NBNCo to reduce the cost at which it sells broadband capacity to telcos, but it would also cause a

The post Labor flags huge NBN writedown appeared first on MacroBusiness.

Turns out there really is a “Trump derangement syndrome”

October 15, 2018 - 10:00 -- Admin

And a million snowflakes cried out in the darkness, via Politico: CNN before love-making is not his idea of a turn-on. But she can hardly turn it off—engrossed as she is in the latest unnerving gyrations of Washington. Who else to blame but Donald Trump? A president who excites hot feelings in many quarters has

The post Turns out there really is a “Trump derangement syndrome” appeared first on MacroBusiness.

MB Presentation: The vain hope for more infrastructure

October 15, 2018 - 09:45 -- Admin

Last weekend I gave a short presentation at a Sustainable Australia community meeting in Melbourne. In this presentation, I explain why Australia has developed a massive infrastructure deficit and why it will only get worse as long as the ‘Big Australia’ mass immigration program is maintained. I also explain why living standards will unambiguously worsen

The post MB Presentation: The vain hope for more infrastructure appeared first on MacroBusiness.

Daily iron ore price update (all good)

October 15, 2018 - 09:30 -- Admin

Iron ore prices for October 12, 2018: Spot was up. Paper and steel firm. Rebar inventories are absolutely fine, still up one million tonnes on last year: As production remains mad, via CISA for late September output at 1.98mt: Friday’s trade data was also very much in control with steel exports leveling out around 6mt.

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

US-Saudi tensions erupt at the wrong moment

October 15, 2018 - 09:15 -- Admin

Via Bloomie, this is not what the market needed: Saudi Arabia threatened on Sunday to use its economic clout to retaliate against any punitive measures, hitting back after U.S. President Donald Trump said he could take action against the world’s largest oil-exporter over the disappearance of a government critic. “The kingdom emphasizes that it will

The post US-Saudi tensions erupt at the wrong moment appeared first on MacroBusiness.

Macro Morning (Trading Week)

October 15, 2018 - 09:00 -- Admin

By Chris Becker  A tumultous week on equity markets, spurred by the “Bondcano” as 10 year US Treasury yields continue to spike higher above the much vaunted 3% level. This has caused a cascade of effects, exarcebated by the ongoing trade tensions between the US and China. This has been setting up for sometime as

The post Macro Morning (Trading Week) appeared first on MacroBusiness.

Morrison polling disastrous

October 15, 2018 - 09:00 -- Admin

Let’s start with the good news at The Australian, a small bounce in TPP for the Government to slightly less than total destruction at 47-53: Now for the bad news at Domainfax which sees it only getting worse at 45-55: The difference may arise from how the two polls allocate preferences. Newspoll is based on

The post Morrison polling disastrous appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Crashing sales a bad omen for housing and economy

October 15, 2018 - 00:20 -- Admin

By Leith van Onselen A few week’s back, we noted that the collapsing property sales volumes across Australia is a bad omen for prices: Over the weekend, Domainfax economist, Trent Wiltshire, posted interesting research on the collapsing sales volumes and what it means: In fact, the national housing turnover rate — the number of residential

The post Crashing sales a bad omen for housing and economy appeared first on MacroBusiness.

Pages