Blogotariat

The introduction of the trans-Tasman travel bubble on 18 April 2021 has boosted international travel, according to new provisional travel statistics from the ABS. Arrivals of non-Australian citizens doubled in May to 71,060 from 35,210 in April: This was driven by a 32,000 increase in arrivals from New Zealand: In a similar vein, departures of

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The Bear Traps report goes full inflation. The few missing facts include that it was Republicans that ravaged the US budget, no mention of China, no reference to vast deflationary forces. This is Australian extremism not analysis. Ironically, this contrarian is a great contrarian signal. Sell metals! In 1787, with remarkable foresight, Scottish historian Alexander

The post Another sell commodities signal appeared first on MacroBusiness.

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ANZ-Roy Morgan Australian Consumer Confidence increased 0.3% last week as Melbourne’s 2-week lockdown came to an end, although restrictions such as masks in public places and on travel and gatherings remain. #ausecon #ausretail @arindam_chky @DavidPlank12 @roymorganonline pic.twitter.com/BgIde4If0X — ANZ_Research (@ANZ_Research) June 15, 2021

The post Consumer economic confidence ebbing away appeared first on MacroBusiness.

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SQM Research has released its rental vacancy report for May, which reports a national rental vacancy rate of only 1.8% – the lowest level of vacancies since October 2012. Rental vacancies are zipped tight everywhere except Melbourne and Sydney, which have been hit hardest by the loss of international students, as illustrated clearly in the

The post Australia’s rental market tightest since 2012 appeared first on MacroBusiness.

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The OECD has blamed Australia’s restrictive planning and zoning for driving the fourth sharpest property price increase in the developed world over the past 20 years: Paris-based OECD director of policy studies in the economics department, Luiz de Mello, said low interest rates had contributed to rising house prices. But restrictive regulations were also a

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In March the federal government released a 327-page report from the National Agricultural Labour Advisory Committee, which explicitly admitted that the agricultural industry’s overreliance on cheap migrant labour is bad for productivity and unsustainable: Australia’s main competitors in agriculture are either ahead or running very close. In many ways, Australia is at a crossroads. Either its

The post Morrison to green-light dedicated farm slavery visa appeared first on MacroBusiness.

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The ferrous complex held on June 15, 2021 as many other commodities rolled into the big plunge. Spot was stable, paper up a bit, steel down: Steel was actually down yesterday but I didn’t have prices for a few days. The news is another accident, this time in China where more supply has come off

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

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Mixed economic news overnight from the US saw Wall Street wobble and turn away from yet another record session high with the latest retail sales much weaker than expected. Currency markets were mixed although Pound Sterling and Aussie dollar fell back against USD while Euro was contained yet again. Bond markets saw a slight increase

The post Macro Morning appeared first on MacroBusiness.

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Australia's funding for climate research has shrunk to nearly nothing since LNP took power. Now its directing what little is left to fossils, and it's a sad moment for ARENA.

I’m inclined to believe that the next election is more likely to be about Morrison than Albanese. If that seems odd to you, then stay with me. In the most recent US Presidential Election, Senator Biden used a low-key strategy focused not on himself but President Trump’s record, policies, actions, offensiveness, and lying.   In…

The post What’s it all about, Albo? Morrison or you? appeared first on The AIM Network.

The ABS yesterday released its property price data for the March quarter, which valued Australia’s dwelling stock owned by households at $7.9 trillion, whereas the total housing stock was valued at $8.3 trillion. As shown below, the ratio of the dwelling stock owned by households against Australian GDP hit a record 4.0 times as at

The post Aussie housing values now four-times larger than economy appeared first on MacroBusiness.

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It’s not my script. As is my won’t I simply sold off the rights. In this case to Luke Sparke who made an alien invasion movie I rather enjoyed. Luke’s written and rewritten a pilot episode for a TV series, and I got in and messed around with it a bit before multiple book deadlines and then this asthma bullshit took up all my time.

There is some pretty good concept art, but it’s to mine to share. Next time I speak to Luke I’ll see if he’ll let a couple of images out of the locked box.

Macquarie concludes $140 million debt deal for solar tower and parabolic trough portfolio in Spain.

The post Macquarie invests $140m in Spanish solar tower and parabolic trough projects appeared first on RenewEconomy.