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MacroBusiness Tuesday, April 20, 2021 - 00:15 Source

Sydney property prices continue to smash multi-decade long records. CoreLogic’s March dwelling value results revealed a gigantic 3.7% monthly rise in Sydney home values – the strongest monthly result since August 1988: Since then, the pace of quarterly dwelling value growth has continued to rise. As of yesterday (i.e. 19 April 2021), Sydney’s quarterly dwelling value

The post Sydney property on track for 30% price growth appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 20, 2021 - 00:10 Source

As much of the MSM celebrates China’s post-COVID economic recovery, mistaking short-term catch-up growth for something more sustainable, MB has been arguing quite the opposite. China is going to slow relatively quickly as it returns to its program of economic restructuring and away from wasteful construction sectors. Today, Capital Economics agrees: With the growth trajectories

The post Australian dollar to sink as US rises and China falls appeared first on MacroBusiness.

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MacroBusiness Tuesday, April 20, 2021 - 00:01 Source

Global Macro / Markets / Investing: Bulking up: Booms and busts in maritime transport costs and their drivers – VOX The new U.S. plan to rival China and end cornering of market in rare earth metals – CNBC A tale of hours worked for pay from home before and after the Great Recession: Learning from

The post Links 20 April 2021 appeared first on MacroBusiness.

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Renew Economy Monday, April 19, 2021 - 21:28 Source

Another near disaster in mid-April was the result of a lot of thermal generation – coal, gas and nuclear – being off line for maintenance, not renewables performing poorly.

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Renew Economy Monday, April 19, 2021 - 21:10 Source

Murdoch media serves up some "jagged bulldust" and delivers a record amount of myths and misinformation about EVs to its readers of "common clay."

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George Monbiot Monday, April 19, 2021 - 19:27 Source

How I became a human plague – and stumbled into one of the most astonishing scientific stories I’ve ever encountered.

By George Monbiot, published in the Guardian 14th April 2021

Rejoice! A mystery has been solved. We now have an explanation for long Covid, a condition afflicting many thousands of people. A super-spreader has been identified. Important as this finding is, I’m reluctant to call for the vector to be eradicated. Why? Because it’s me.

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Your Democracy Monday, April 19, 2021 - 18:56 Source

scottmoscottmo

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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The Australian Independent Media Network Monday, April 19, 2021 - 18:30 Source

By 2353NM   Like most winners at the conclusion of an election process, Prime Minister Scott Morrison has claimed on a couple of occasions that he would consider the hopes and ambitions of all Australians while he is the Prime Minister. The first time was when he mounted his quixotic charge past Peter Dutton to take…

The post The empathy deficit appeared first on The AIM Network.

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MacroBusiness Monday, April 19, 2021 - 17:30 Source

Asian share markets are generally moving higher although local stocks are stalling despite a very firm lead from Wall Street on Friday night. Bitcoin suffered a big gap lower to start the week below the $57K mark due to Turkey banning cryptocurrency transactions, but this is likely to be filled as Chinese authorities again suggest

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Monday, April 19, 2021 - 17:03 Source

Total Eren to collaborate with ASX listed Province Resources on the development of a huge wind, solar and green hydrogen project in Western Australia.

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The Australian Independent Media Network Monday, April 19, 2021 - 17:02 Source

By Dave the Trucker   Since 2001, twice as many ADF veterans like myself have been lost to suicide than to armed conflict. The promise of a Royal Commission seems too little, too late. CW: The following piece discusses suicide. After months of political pressure, Scott Morrison has finally announced a Royal Commission into the climbing…

The post Morrison (finally) announces Royal Commission into veteran suicide crisis appeared first on The AIM Network.

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Renew Economy Monday, April 19, 2021 - 15:55 Source

Australia's tokenistic climate policy looks increasingly isolated after US and China jointly declare they are "firmly committed" to tackling climate change.

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Renew Economy Monday, April 19, 2021 - 15:16 Source

AGL-backed consortium ups Tilt Renewables takeover offer to A$2.83 billion, after a rival bid emerges from a Canadian pension fund.

The post AGL led consortium ups offer for Tilt in bid to fend off Canadian rival appeared first on RenewEconomy.

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Renew Economy Monday, April 19, 2021 - 15:13 Source

Japan accounts for about one third of Australia's thermal coal and LNG exports, so if it goes green then Australia better have a plan.

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Renew Economy Monday, April 19, 2021 - 14:26 Source

Delta Electricity Vales Point coal fired power station - supplied 1 - optimised

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MacroBusiness Monday, April 19, 2021 - 14:00 Source

Following the Great Pandemic of 2020, the global economy is entering a robust recovery. This new business cycle is not like those that have come after the previous two crises, the Global Financial Crisis and Tech Wreck. Those two crashes were led by the US and the recoveries led by China. This time around, the

The post Why it’s time to move your assets offshore appeared first on MacroBusiness.

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Renew Economy Monday, April 19, 2021 - 13:56 Source

As the state by-election for Upper Hunter focuses on coal, seven local councils and Hunter Water join forces for huge renewable energy order.

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MacroBusiness Monday, April 19, 2021 - 13:40 Source

The Housing Industry Association (HIA) has released new home sales data for March, with sales 39.4% higher than the same month in 2020 and annual sales up by 42.6%: “New Home Sales were 39.4 per cent higher in the March 2021 quarter than the same time the previous year,” stated HIA’s Economist, Angela Lillicrap… “HomeBuilder,

The post New home sales continue to boom on HomeBuilder stimulus appeared first on MacroBusiness.

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Renew Economy Monday, April 19, 2021 - 13:37 Source

The $4 billion merger of Orocobre and Galaxy merger would create the fifth largest pure-play lithium chemicals company in the world.

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Renew Economy Monday, April 19, 2021 - 13:27 Source

pumped hydro energy storage AGL - Canva - optimised

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MacroBusiness Monday, April 19, 2021 - 13:20 Source

By Gareth Aird, head of Australian economics at CBA: Key Points We expect the headline CPI to increase by 1.1% in Q1 20 (+1.6%/yr). The trimmed mean CPI on our forecasts will print at +0.6% (1.3%/yr). The inflation debate is expected to heat up over 2021 as the labour market continues to tighten and wages

The post CBA: Housing to push inflation higher appeared first on MacroBusiness.

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MacroBusiness Monday, April 19, 2021 - 13:00 Source

The ABC’s business editor, Ian Verrender, has written a terrific article debunking the business lobby’s incessant claim that Australia is experiencing skills shortages and needs to import migrant workers. According to Verrender: The shortage claim lacks empirical evidence: “If it really is the case that skilled labour is in such short supply, why aren’t wages

The post There’s an easy fix to skills shortages — pay higher wages appeared first on MacroBusiness.

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MacroBusiness Monday, April 19, 2021 - 12:40 Source

TS Lombard with the note: In a recent podcast, the influential MMTer Stephanie Kelton claimed victory in the debate about fiscal policy, suggesting the US Congress was now taking her advice. Other commentators also sense a “regime shift” in macro policy, claiming we have reached the end of the Neoliberal era. While these declarations are

The post The new MMT supercycle appeared first on MacroBusiness.

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MacroBusiness Monday, April 19, 2021 - 12:20 Source

New modelling undertaken on behalf of the Health Services Union indicates that an additional $20 billion over four years is needed to provide high-quality aged care, and these extra funds could be raised by increasing the Medicare levy from 2% to 2.65%: HSU national president and NSW secretary Gerard Hayes… said HSU’s Medicare proposal would

The post Don’t lift Medicare levy to fund aged care appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, April 19, 2021 - 12:10 Source

There was a time when it seemed Papua New Guinea had managed to dodge a bullet. Instances of SARS-CoV-2 were minimal, along with its disease, COVID-19. Through 2020, the country of eight million people recorded a mere 900 cases. The World Health Organization praised the PNG government in a September 2020 news release in “taking…

The post Coronavirus strikes Papua New Guinea appeared first on The AIM Network.

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MacroBusiness Monday, April 19, 2021 - 12:00 Source

It has been nearly 10 months since Australia’s hotel quarantine program for returning travellers commenced. Over that time, we have witnessed multiple local COVID-19 outbreaks across Melbourne (twice), Brisbane (twice), Adelaide, Perth and Sydney, resulting in capital cities or entire states being locked-down, border closures, and travel chaos. The costs have been enormous with billions

The post More proof hotels are unsuitable for quarantine appeared first on MacroBusiness.

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MacroBusiness Monday, April 19, 2021 - 11:40 Source

The little China financial crisis we have been tracking shows signs of a little easing as we enter a new week: Huarong bonds recovered some ground Friday after the financial regulator declared liquidity plentiful. While well short of any guarantee, some analysts expected that this is a turning point for the beleaguered debt manager. My

The post China credit impulse sags appeared first on MacroBusiness.

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MacroBusiness Monday, April 19, 2021 - 11:20 Source

The Australian vaccine rollout is all over the news again today and not in a good way. Rather than produce a thought-through strategy and adjust it as circumstances change, the Morrison Government is flailing around in public, telling different interest groups different things. In short, it continues to be politics over national interest: National cabinet

The post Australia catching Nepal as vaccine chaos continues appeared first on MacroBusiness.

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MacroBusiness Monday, April 19, 2021 - 11:00 Source

Last month we witnessed two key reforms come into effect designed to take the steam out of New Zealand’s inflating property market. First, the Reserve Bank of New Zealand (RBNZ) reintroduced loan-to-value ratio (LVR) mortgage restrictions, which from 1 March 2021 required both investors and owner-occupiers to hold bigger deposits: Second, and more importantly, the New

The post NZ property market soars into specufestor beatdown appeared first on MacroBusiness.

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MacroBusiness Monday, April 19, 2021 - 10:40 Source

The Australian reports that the upcoming federal budget will not include a measure to pause the proposed increase in the superannuation guarantee (SG). It will also not contain measures to allow first-home buyers (FHB) early access to their super, as some Coalition MPs have been calling for, following strong opposition from Prime Minister Scott Morrison:

The post Coalition green lights compulsory super increase appeared first on MacroBusiness.

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