Blogotariat

Oz Blog News Commentary

Articles from MacroBusiness

Costello defends his signature tax rort

October 29, 2024 - 10:00 -- Admin

Former Treasurer Peter Costello hit back at calls to curb property tax concessions, namely negative gearing and the capita gains tax discount (CGT). Costello introduced the 50% CGT discount in 1999 and defended the current tax settings in a speech last week to the Property Council of Australia’s annual congress in Townsville. “Interest on borrowings

More iron ore hope

October 29, 2024 - 09:30 -- Admin

SHFE is going a second leg: With Dalian futures: The hope is captured by Goldman: NPC meeting November 4-8: The much anticipated bi-monthly National People’s Congress (NPC) standing committee meeting will take place during November 4-8. We expect the NPC to approve RMB1-2tn additional ultra-long-term central government special bond (ULT CGSB) issuance quota. In the

Macro Morning

October 29, 2024 - 09:00 -- Admin

Last night was relatively calm for global risk markets although oil prices continued to fall from their weekend gap as Wall Street braces for a new round of earnings reports and the economic calendar begins to get busier in the latter half of the week. US stocks were able to close slightly higher while European

Australian dollar only goes down

October 29, 2024 - 07:23 -- Admin

DXY is stable: AUD only goes down, though we should note that its uptrend is still intact: North Asia returns from whence it came: Goldmania, oilmageddon: Metals should follow the latter: Miners struggling: EM struggling: Junk nervous: Yields up, which is silly given oil. This trade is getting old: Stocks up: The runaway DXY is

Young Australians will never enjoy housing like their parents

October 29, 2024 - 00:10 -- Admin

PropTrack’s director of research, Cameron Kusher, lamented that younger Australians will never enjoy the same quality of housing as their parents, meaning their living standards are likely to be lower. “One thing I think of with all this push for density is that few people in the future will live in better housing than their

Macro Afternoon

October 28, 2024 - 17:30 -- Admin

A very mixed start to the trading week with most Asian stock markets failing to advance while a much weaker Yen is supporting Japanese equities as the majority party lost their majority on the weekend. Oil prices are down as Middle East worries dissipate slightly while the  USD remains strong against all the undollars as

“Ruinously expensive” infrastructure drowns Victorians in debt

October 28, 2024 - 13:30 -- Admin

The former Grattan Institute Transport and Cities Program director, Marion Terrill, has lambasted the Victorian government for pursuing the “ruinously expensive” Suburban Loop Project (SRL), which risks burying taxpayers in debt. Terrill notes that nearly all of Victoria’s big ticket infrastructure projects have experienced massive cost overruns, which is likely to be repeated with the

Pages