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MacroBusiness Thursday, June 17, 2021 - 13:30 Source

Digital Finance Analytics (DFA) has released its mortgage stress figures for May, which shows that around 41% of households remained ‘mortgage stressed’, up significantly from the pre-pandemic level of 32.9%: Martin North explains the rise in mortgage stress as follows: Our approach to measuring stress is unique in that we examine household cash flow –

The post Why mortgage stress has risen appeared first on MacroBusiness.

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MacroBusiness Thursday, June 17, 2021 - 13:00 Source

A year ago, the Victorian government advised that the $6.7 billion West Gate Tunnel project would not be completed in 2022 as originally intended, instead pushing the project back to 2023 over a dispute around the disposal of contaminated soil. Prior to this, it was revealed that the Victorian Government ignored expert advice on the

The post Victoria: the home of infrastructure waste and mismanagement appeared first on MacroBusiness.

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MacroBusiness Thursday, June 17, 2021 - 12:30 Source

Yesterday, CBA’s head of Australian economics, Gareth Aird, released data showing that the coronavirus pandemic has reduced the number of non-resident workers in Australia from 521,000 in Q1 20 to 235,000 in Q1 21: In turn, this has driven unemployment and labour underutilisation down, which will soon likely result in stronger wage growth: According to

The post Restauranteurs confess: immigration kills wages appeared first on MacroBusiness.

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Your Democracy Thursday, June 17, 2021 - 12:27 Source

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For years Luke Harding has been a singular plague to journalism. Lucky few journalists, except a few on the extreme right, are prepare to take Harding seriously... Basically Harding cleverly writes dishonest stories. 

 

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Renew Economy Thursday, June 17, 2021 - 12:25 Source

Westwind's Toby Geiger on plans for Australia's biggest wind project, and the connection problems and firming challenges in Australia's main grid.

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MacroBusiness Thursday, June 17, 2021 - 12:08 Source

In today’s investment webinar (LIVE 12:30pm AEST), MB Fund’s Chief Strategist David Llewellyn Smith, Head of Investments Damien Klassen, and Head of Advice Tim Fuller cover the continuing saga unfurling with China, our biggest trading partner. As the behemoth in demand of global commodities, it makes a lot of sense to consider China’s real influence

The post MB Fund Podcast: China’s Iron Ore Revenge LIVE 12:30 AEST appeared first on MacroBusiness.

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Renew Economy Thursday, June 17, 2021 - 12:02 Source

hydrogen plantWhat are the prospects for green hydrogen in Australia’s mining industry? BHP, Rio, CEFC, and Enel Green Power share their views.

The post Energy Insiders Podcast: Green hydrogen in mines appeared first on RenewEconomy.

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MacroBusiness Thursday, June 17, 2021 - 12:00 Source

Deutsche with the note that should make AUD bulls shiver: For global markets, the US April CPI was by far the most eye-catching inflation release, but there are enough indications from individual country data and now the latest PMI reports, that bottleneck price pressures are a global phenomenon. Which begs a few questions: what are

The post Australia the new Japan as inflation goes nowhere appeared first on MacroBusiness.

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Renew Economy Thursday, June 17, 2021 - 12:00 Source

Ausnet says customers in the Dandenong Ranges may be without power for more than three weeks following storms on June 9.

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MacroBusiness Thursday, June 17, 2021 - 11:40 Source

Goldman with the note: The FOMC left the funds rate target range unchanged at 0–0.25% at the June meeting, and raised the IOER and RRP rates by 5bp. The median projected path for the policy rate in the Summary of Economic Projections (SEP) increased to show two hikes by 2023, despite almost no change in

The post How the Fed hawked up appeared first on MacroBusiness.

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MacroBusiness Thursday, June 17, 2021 - 11:40 Source

The ABS has just released its labour force survey for May, which reports cratering unemployment (to 5.1%) and underemployment (7.4%) on a whopping 115,200 monthly increase in jobs and a 1.4% increase in hours worked. The result smashed analysts’ expectations of a 30,000 increase in jobs and a 5.5% unemployment rate. Below are the key

The post Jobs market booms post JobKeeper appeared first on MacroBusiness.

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MacroBusiness Thursday, June 17, 2021 - 11:30 Source

In keeping with MB’s long running “lost decade” theme, a new report from the Productivity Commission (PC) shows that growth in per capita national output and income was significantly below the 60-year average during the 2010s. The PC’s latest Insights report has concluded that gross national income would have been $11,500 per person higher in

The post Worst decade for living standards ‘in 60 years’ appeared first on MacroBusiness.

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Renew Economy Thursday, June 17, 2021 - 11:24 Source

The declaration will allow Energy Australia to urgently divert the Morwell River away from the Yallourn coal mine, which is at high risk of flooding.

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MacroBusiness Thursday, June 17, 2021 - 11:00 Source

As noted last week, CBA is not a growth stock. It barely qualifies as a cyclical. Yet, here it is now trading on 22x times forward earnings, nearly double its historic average: It now sports nearly a 50% premium to its peers against which its differences are cosmetic at best. Now, I don’t want to

The post CBA bubble expands to bursting point appeared first on MacroBusiness.

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