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MacroBusiness Wednesday, April 18, 2018 - 00:10 Source

By Leith van Onselen SQM Research has released its rental vacancy series for March, which revealed a 0.1% fall in the national vacancy rate over the month and a 0.2% decline over the year: Over the year, decreases in vacancies were recorded in Adelaide (-0.3%), Perth (-0.9%), Brisbane (-0.3%), and Canberra (-0.2%), whereas an increase

The post Rental vacancies remain widely divergent appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 18, 2018 - 00:05 Source

Iron ore prices for April 17, 2018: Tianjin benchmark lifted 40 cents to $64.45. Paper was up overnight on a PBOC RRR cut. Coking coal too. Steel is range trading still. CISA late March output for major mills barely shifted and as you can see and has closed to zero growth year on year.  Yesterday’s

The post Daily iron ore price update (no growth) appeared first on MacroBusiness.

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MacroBusiness Wednesday, April 18, 2018 - 00:01 Source

Global Macro / Markets / Investing: U.S. Libor Replacement, Two Weeks After Debut, Has Some Issues – Bloomberg Wall Street’s $6 Trillion Man Fink Is Finally Worth $1 Billion – Bloomberg Tesla Is Temporarily Shutting Down Model 3 Production. Again. – BuzzFeed How Tesla’s Elon Musk Makes a Strategy Out of Defiance – WSJ If

The post Links 18 April 2018 appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, April 17, 2018 - 20:08 Source

There’s an old saying, “Fool me once, shame on you! Fool me twice, shame on me! Fool me over and over again, you must be the Murdoch Press telling me that the Liberal Party are great economic managers…” Yep, I did think that most ridiculous thing I heard was Sean Hannity’s denial that he was…

The post Ho, Ho, Ho, Scott Is Santa, While A Shorten Government Will Fail To Balance The Budget! appeared first on The AIM Network.

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politicalowl Tuesday, April 17, 2018 - 18:10 Source

Comey may be many things, but is he really a liar? BBC North American Editor Jon Sopel

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politicalowl Tuesday, April 17, 2018 - 17:34 Source

The Liberal Federal Member for Deakin, Michael Sukkar, has confirmed the change during an appearance on Sky News. John Howard's broad church has become a raucous family, So dancealong with the Credlin base to celebrate Scomo's Santa budget.

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John Quiggin Tuesday, April 17, 2018 - 17:24 Source

As I mentioned a while ago, in the years that I’ve been blogging, I’ve described my political perspective as “social-democratic”. In earlier years, I mostly used “democratic socialist”. My reason for the switch was that, in a market liberal/neoliberal era, the term “socialist” had become a statement of aspiration without any concrete meaning or any serious prospect of realisation. By contrast, “social democracy” represented the Keynesian welfare state I was defending against market liberal “reform”.

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Your Democracy Tuesday, April 17, 2018 - 17:17 Source

rocketsThe US must have been well aware that there were no chemical stockpiles at Syrian facilities the coalition destroyed in their 'retaliatory' strike, Russian chemical weapons experts told RT, noting the absence of toxic emissions.

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Renew Economy Tuesday, April 17, 2018 - 15:06 Source

The Australian Government is pleased to announce new appointments to the Board of the Australian Renewable Energy Agency (ARENA).

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The Australian Independent Media Network Tuesday, April 17, 2018 - 15:00 Source

There is a certain bullishness in French circles these days, even if there was an initial attempt, with the Macron government, to calm matters down. The need to assert Gallic might in the face of brutality has again surfaced; and has a familiar ring to it. With Syria’s Bashar al-Assad getting more comfortable with military…

The post Macron’s Syria Game appeared first on The AIM Network.

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Renew Economy Tuesday, April 17, 2018 - 14:55 Source

Signs that federal Labor could "accommodate" the proposed National Energy Guarantee, on the basis that weak emissions targets could be improved later, should be treated with caution.

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Renew Economy Tuesday, April 17, 2018 - 14:48 Source

The government’s decision to open the Northern Territory to the environmental devastation of fracking is short-sighted and will lead to the contamination of water, increased carbon emissions and a myriad of health problems for the people of the NT.

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Renew Economy Tuesday, April 17, 2018 - 14:48 Source

The Electrolux Group announced today it has set two new ambitious targets to reduce greenhouse gas emissions in support of the Paris climate agreement.

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Renew Economy Tuesday, April 17, 2018 - 14:38 Source

PRESS RELEASE The Andrews Labor Government is delivering action on climate change by helping Victorian organisations lead the development of new ideas to help Victoria reduce greenhouse gas emissions and adapt to climate change. Minister for Energy, Environment and Climate Change Lily D’Ambrosio today announced 24 successful recipients of $4.3 million in Climate Change Innovation […]

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MacroBusiness Tuesday, April 17, 2018 - 14:22 Source

The AUD is down: Bond yields are still flirting with a crazy breakout: XJO is up a bit: Dalian has misread slowing China data: As has Big Iron: Today’s tearaway is Big Gold which is either signalling more USD or AUD falls or both. I’m still skeptical though acknowledge that while risk runs so might

The post Big Gold breaks out appeared first on MacroBusiness.

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Renew Economy Tuesday, April 17, 2018 - 14:21 Source

ABB trials “futuristic new design” of electric water taxi on Lake Geneva – a "milestone" in the development of zero emissions transport.

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Renew Economy Tuesday, April 17, 2018 - 14:08 Source

Big retailers may be allowed to pocket carbon credits from rooftop solar systems paid for and installed by households.

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Renew Economy Tuesday, April 17, 2018 - 14:03 Source

Ganawarra solar farm connected to grid, with work to begin on a new Tesla big battery to commence within weeks.

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MacroBusiness Tuesday, April 17, 2018 - 14:00 Source

By Leith van Onselen Michael Pascoe has ended his tenure at Fairfax with one final immigration spruik. Let’s take a look at his key arguments: The latest NOM figures are for the year to the end of September. They totalled 250,100 – representing close to one per cent of the Australian population. If the trend

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MacroBusiness Tuesday, April 17, 2018 - 13:55 Source

Via Bill Evans: The minutes of the monetary policy meeting of the Reserve Bank Board for April contained few surprises. Arguably of most interest was the inclusion of “in current circumstances, members agreed that is was more likely that the next move in the cash rate would be up rather than down”. Our analysis indicates

The post “Less euphoric” RBA minutes hit Australian dollar appeared first on MacroBusiness.

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Renew Economy Tuesday, April 17, 2018 - 13:35 Source

ARENA awards $289,725 for Canberra company to design, manufacture and test its rapidly redeployable Container Roll Out Solar System.

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Renew Economy Tuesday, April 17, 2018 - 13:32 Source

The future will not only be electric, but green electric, and the transition will happen a lot quicker than most people think.

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Renew Economy Tuesday, April 17, 2018 - 13:22 Source

Energy Security Board has finally got smart about reliability, and dumped plans promised to conservatives that would try and turn wind and solar plants into "base-load" generators. This is a huge development, and a victory for smart economics, and engineering.

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Renew Economy Tuesday, April 17, 2018 - 13:22 Source

Energy Security Board has finally got smart about reliability, and dumped plans promised to conservatives that would try and turn wind and solar plants into "base-load" generators. This is a huge development, and a victory for smart economics, and engineering.

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MacroBusiness Tuesday, April 17, 2018 - 13:12 Source

China has released March QTR GDP which came in as expected at 6.8%: Underneath that was a real mixed bag. Industrial production missed at 6% and fixed asset investment missed at 7.5%. Retail sales beat at 10.1%: Turning to real estate, sales continue to slow with YTD down to just 3.6% Starts rebounded strongly to

The post Chinese growth begins to slow appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 17, 2018 - 13:00 Source

By Leith van Onselen We already know that the dream of owning a detached house with a backyard has been slipping away in Sydney: Well, new planning changes allowing narrow blocks to be subdivided are set to accelerate the decline: Under the new medium-density housing code announced last week, duplexes, terraces and manor houses can be

The post Sydney planning changes to pack ’em like sardines appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 17, 2018 - 12:02 Source

Via Domainfax: Jamie Oliver’s dream of buying back the farm in Australia is over. The Jamie Oliver Restaurant Group (Australia) Pty Ltd collapsed on Monday, with the company being placed in the hands of voluntary administrators less than 12 months after the British celebrity chef visited Australia to relaunch the six local restaurants bearing his

The post The indebted chef goes under appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 17, 2018 - 12:01 Source

By Leith van Onselen The REINZ has released its house price data for March, which revealed a 2.2% seasonally adjusted monthly decline in the national median house price, although prices were up 1.9% year-on-year: Outside of Auckland, seasonally adjusted house prices rose by 0.1% in March, with prices up 5.9% year-on-year. Looking at the major

The post Auckland house prices continue to fall appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 17, 2018 - 11:30 Source

By Leith van Onselen Acadata has released its latest house price results for the UK, which shows that values in London continue to fall: The rate of annual house price growth slowed for the tenth successive month in March to 0.7%, compared to 5.1% a year ago. The average house price in England and Wales

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MacroBusiness Tuesday, April 17, 2018 - 11:00 Source

By Leith van Onselen The Greens are seeking to legalise marijuana for Australians over the age of 18 in a bid to stifle organised crime: Senator Richard Di Natale argued his party’s proposal would not result in the widespread sale and use of cannabis, and claimed there would be strict regulations on sale and production.

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