Blogotariat

Oz Blog News Commentary
MacroBusiness Thursday, November 26, 2020 - 17:30 Source

Stock markets are largely higher across Asia but there more buying exhaustion is setting in as risk takes a break tonight for the US thanksgiving holiday. Bitcoin has finally tripped up, falling 6% so far today to be well below $18000 while gold remains at its new monthly lows, barely hovering above the $1800USD per

The post Macro Afternoon appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 8
Renew Economy Thursday, November 26, 2020 - 15:48 Source

hydrogen export renewable western victoriaAustralia’s renewable hydrogen ambitions boosted as Japanese industrial giant Mitsubishi Heavy Industries buys stake in local project developer, H2U.

Read more Views: 12
Renew Economy Thursday, November 26, 2020 - 15:26 Source

frederic-paulussen-LWnD8U2OReU-unsplash - optimised nuclearVictoria to maintain a ban on nuclear power, after parliamentary inquiry finds no justification for repealing a prohibition. Liberals object.

Read more Views: 18
Renew Economy Thursday, November 26, 2020 - 15:11 Source

Leading energy sector lawyer and innovator Ms Anna Collyer has been announced as the new Chair of the Australian Energy Market Commission.

Read more Views: 19
Renew Economy Thursday, November 26, 2020 - 14:32 Source

electricity network transmission infrastructure AEMC - optimisedNew rules are set to ease the path for the creation of renewable energy zones, providing greater recognition of generators, such as wind and solar projects, that are clustered around a single connection to the wider electricity network.

Read more Views: 17
Renew Economy Thursday, November 26, 2020 - 14:23 Source

Goldwind Australia taps PwC to advise on sale of first stage of massive Clarke Creek wind farm.

The post Goldwind seeks buyer for first 450MW stage of Clarke Creek wind farm appeared first on RenewEconomy.

Read more Views: 17
MacroBusiness Thursday, November 26, 2020 - 14:20 Source

Via Jeffries: In this report, we evaluate copper demand under three different scenarios. In each scenario, we assume global GDP growth of 2% per year after 2021. The key difference in each scenario is our assumed rate of growth of renewable power capacity. We also assume that investment in electric networks aside from power plants

The post Jeffries: Copper the new boom metal appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 22
Renew Economy Thursday, November 26, 2020 - 14:09 Source

 AAP Image/Joel Carrett.NSW energy minister Matt Kean claims victory, with his ambitious clean energy strategy approved by state parliament.

Read more Views: 17
MacroBusiness Thursday, November 26, 2020 - 14:00 Source

The Australian Prudential Regulatory Authority (APRA) has released its Quarterly superannuation performance statistics highlights for the September quarter. This report shows that total superannuation assets fell by 1.6% in the year to September: Superannuation assets totalled $2.9 trillion at the end of the September 2020 quarter. There was a 1.6 per cent reduction in the value

The post Aussies dump retail super funds appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 17
Your Democracy Thursday, November 26, 2020 - 13:53 Source
Read more Views: 19
MacroBusiness Thursday, November 26, 2020 - 13:40 Source

Via FTAlphaville: Sad news from Argentina today. Diego Maradona, one of the most gifted footballers to ever play the game, has died. While his dribbling prowess was world renowned, fewer people know that his skills were used to construct one of the most memorable monetary policy analogies of all time. Back in 2005, then Bank

The post Maradona’s contribution to monetary policy appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 23
MacroBusiness Thursday, November 26, 2020 - 13:20 Source

Economic modelling shows that the federal government’s coronavirus support measures have been crucial in averting widespread housing affordability stress (HAS). The modelling, which was undertaken on behalf of the Australian Housing & Urban Research Institute (AHURI), suggests that some 1.336 million households would have experienced housing stress without government initiatives such as JobKeeper, JobSeeker and

The post Investor mortgage stress to rise as income support unwound appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 19
MacroBusiness Thursday, November 26, 2020 - 13:00 Source

After the fatal flaws of its first hotel quarantine scheme, which relied solely on untrained private security, the Victorian government will launch its revised quarantine scheme on 7 December. Victorian Health Minister Martin Foley has promised the system will be robust: “All Victorians can have confidence that the system that will be put in place

The post Victorian Government reboots hotel quarantine system appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 16
MacroBusiness Thursday, November 26, 2020 - 12:40 Source

Victoria has recorded 26 days with no new coronavirus cases and NSW is also on track to reach the 28-day milestone. However, the WA Government has yet to confirm that quarantine requirements will be dropped, despite Chief Health Officer Andy Robertson recently stating that travellers from both states should no longer be subject to quarantine

The post Stubborn McGowan refuses to reopen WA border appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 20
MacroBusiness Thursday, November 26, 2020 - 12:20 Source

The Australian Bureau of Statistics (ABS) today released data on capital expenditures (capex) for the September quarter, which registered a 3.0% seasonally adjusted fall in capex volumes over the quarter and an 13.8% decrease over the year (see below table). The first chart below shows actual capex by industry in dollar terms (rather than volume

The post Actual capex plunged further in Q3 appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 16
The Australian Independent Media Network Thursday, November 26, 2020 - 12:09 Source

A few nostalgic types still believe that the Union Jack continues to flutter to sighs and reverence over outposts of the world, from the tropics to the desert. They would be right, if only to a point. Britain, it turns out, has a rather expansive global reach when it comes to bases, military installations and…

The post Keeping the Empire Running: Britain’s Global Military Footprint appeared first on The AIM Network.

Read more Views: 11
MacroBusiness Thursday, November 26, 2020 - 12:00 Source

In today’s investment webinar (LIVE 12:30pm AEDT), MB Fund’s Head of Investments Damien Klassen, Head of Advice Tim Fuller and Dr. Steven Hail delve into if 2020’s intensive government stimulus is essentially MMT. Our Agenda includes: Quick background to MMT MMT and Inflation expectations Which country is closest to considering MMT? Has any economy adopted

The post MB Fund Podcast: Is 2020 Government Stimulus essentially MMT? With Dr. Steven Hail LIVE NOW appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 16
Renew Economy Thursday, November 26, 2020 - 11:53 Source

western power stand alone power system - optimisedAusgrid opens tender for stand alone power systems as networks begin process of taking costly regional customers off the grid.

Read more Views: 21
Renew Economy Thursday, November 26, 2020 - 11:53 Source

western power stand alone power system - optimisedAusgrid opens tender for stand alone power systems as networks begin process of taking costly regional customers off the grid.

Read more Views: 15
MacroBusiness Thursday, November 26, 2020 - 11:44 Source

Don’t say we didn’t warn you. If you design stimulus measures around business investment incentives amid huge oversupply then what you get is a big, fat donut. Via ABS capex expectations today: Estimate 4 for 2020-21 is $104,984m. This is 6.3% higher than Estimate 3 for 2020-21. Estimate 4 for 2020-21 is $36,027m. This is

The post Capex expectations puke all over Depressionberg Unstimulus appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 18
MacroBusiness Thursday, November 26, 2020 - 11:40 Source

Matthias Coramnn’s job application to run the OECD is not going well. I’ve noted many reasons why it is so inappropriate: Mathias is the Morrison Government’s most radical supply-sider. He actually believes in trickle-down economics, which leaves the room short of oxygen given Cormann is obviously intelligent. Mathias has a record of deep climate skepticism

The post More reasons the OECD should spike Mathias Cormann appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 18
MacroBusiness Thursday, November 26, 2020 - 11:40 Source

Via Sinocism: Raising more questions about the origins of SARS-CoV-2 New theories call for global COVID origin-tracing efforts – Global Times In response to a question about the WHO experts traveling to China soon for work related to COVID-19 origins, Zhao Lijian, a spokesperson of the Chinese Foreign Ministry said on Tuesday that since COVID-19

The post China sows new COVID-19 lie appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 24
MacroBusiness Thursday, November 26, 2020 - 11:00 Source

Like me, Inside Story’s Tim Colebatch is an overall fan of the Andrews Government’s Victorian State Budget, which provides massive stimulus at exactly the right time: The main game of the Andrews government’s 2020–21 budget is to deliver stimulus, and it does so in spades. It plans to spend almost $110 billion this year providing

The post Suburban Rail Loop “worst transport project Melbourne has ever seen” appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 17
MacroBusiness Thursday, November 26, 2020 - 10:51 Source

From a recent speech by Janet Yellen, incoming US Treasury Secretary: Extreme economic events have often challenged existing views of how the economy works and exposed shortcomings in the collective knowledge of economists. To give two well-known examples, both the Great Depression and the stagflation of the 1970s motivated new ways of thinking about economic

The post Inside Janet Yellen’s head is an enormous dove appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 10
MacroBusiness Thursday, November 26, 2020 - 10:40 Source

To date, the Morrison Government has refused to permanently lift Australia’s JobSeeker unemployment subsidy from its poverty level of $40 a day because it claims that doing so would act as a disincentive for people to look for work. This view has been informed by spurious claims from employers that businesses are having a difficult

The post Academics school Coalition on JobSeeker cuts appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 22
MacroBusiness Thursday, November 26, 2020 - 10:20 Source

I noted yesterday how calls were growing louder to allow first home buyers (FHBs) to use their superannuation savings to purchase property. This has arisen following the release last week of Treasury’s Retirement Income Review, which found that home owners enjoy superior retirement outcomes than non-home owners. The proposal has moved one step closer to

The post More support for using superannuation to buy property appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 23
MacroBusiness Thursday, November 26, 2020 - 10:00 Source

The Treasury’s 600-page Retirement Income Review took direct aim at pensioners’ houses, questioning why housing was excluded from the assets test to qualify for the aged pension: The Pension Loans Scheme is an effective option for accessing equity in the home for both age pensioners and self-funded retirees. The current exemption of the principal residence

The post Retirement review takes aim at pensioner houses appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 24
MacroBusiness Thursday, November 26, 2020 - 09:40 Source

Gareth Aird, head of Australian economics at CBA, has released an excellent new report showing how rising wages has offset the reduction in emergency income support after JobKeeper and JobSeeker were cut at the end of September: Key Points: Growth in household income has not stepped down since the JobKeeper and JobSeeker payments were tapered

The post CBA: Rising wages offset falling income support appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 22
Renew Economy Thursday, November 26, 2020 - 09:30 Source

Biden's climate paths won't be perfect, but new pick John Kerry wants climate issues front and centre. That's Scott Morrison's worst nightmare, and Murdoch's media is already crying foul.

Read more Views: 22
MacroBusiness Thursday, November 26, 2020 - 09:30 Source

A slew of economic releases with mixed results kept risk sentiment at bay overnight with industrial stocks on Wall Street falling back while European bourses tread water. The USD lost ground against the majors, with the Kiwi boosted to a two year high while gold stabilised, oil prices continued to spike and Bitcoin breached the

The post Macro Morning appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 16

Pages