Blogotariat

Audi unveils the e-tron, the all-electric SUV that signals the start of the German auto brands shift to battery powered vehicles.

The post Audi unveils its e-tron electric SUV, and it’s coming to Australia appeared first on RenewEconomy.

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Kind of. The Australian dollar is up and away as China’s Li Keqiang makes soothing noises today: Aussie bonds are getting hosed. The short end even threatening to break out. Great buying for mine: ASX is up modestly: Dalian too: It’s all about dirt as markets shift to incorporate more Chinese stimulus. Big Iron is

The post Markets shift to trade war boom for Australia appeared first on MacroBusiness.

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By Leith van Onselen Fairfax’s Ross Gittins has penned an excellent article today lamenting the neoliberal obsession with transferring the provision of public services to private providers: A key part of the era of what we used to call “micro-economic reform” has been to take services formerly provided by governments – and sometimes charities –

The post Gittins: Marketisation of public services has failed appeared first on MacroBusiness.

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Via S&P: Australian prime home loan arrears rose year on year in July but remained unchanged month on month, according to a recently published report from S&P Global Ratings. The Standard & Poor’s Performance Index (SPIN) for Australian prime mortgages, which has been steady at 1.38% since May, was up from 1.17% a year earlier.

The post S&P mortgage arrears still climbing appeared first on MacroBusiness.

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Excellent stuff from Damien Boey at Credit Suisse today: Has Assistant Governor Kent discovered religion? No. RBA Assistant Governor Kent has just delivered a speech on money creation. The primary purpose of his speech is to dispel the myth that the growing gap between bank loan growth and deposit growth explains or predicts the rise

The post Hapless RBA “at a loss” to explain Australia’s little financial crisis appeared first on MacroBusiness.

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Via an increasingly hysterical Ambrose Evans-Pritchard today: If Donald Trump and his close advisers think China’s economy is tottering on the brink and acutely vulnerable to pressure, they are sorely misinformed. …Construction is picking up after a slowdown earlier this year. Industrial profit margins are at a seven-year high of 7 per cent, despite a

The post Evans-Pritchard develops Trump derangement syndrome appeared first on MacroBusiness.

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By Leith van Onselen Already under fire from the union movement for passing the Trans-Pacific Partnership (TPP) trade agreement because of its deleterious impact on Australian workers, some Labor MP are also in open revolt. From The Herald-Sun: Minutes of a heated meeting of federal Labor MPs last week have been leaked, revealing widespread internal

The post Labor divides on TPP appeared first on MacroBusiness.

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By Leith van Onselen In the wake of the massive cost blow-outs and delays hitting both the Parramatta Light Rail Project and the Eastern Suburbs Light Rail Project, the former head of Infrastructure NSW, Paul Broad, in June described the Eastern Suburbs Light Rail Project as a waste of money and a vanity project that should have never been

The post Sydney Light rail farce to worsen traffic congestion appeared first on MacroBusiness.

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By Leith van Onselen Our Property Council Prime Minister, Scott Morrison, has recommenced his scare campaign against Labor’s promised negative gearing and capital gains tax reforms, describing them as a “sledgehammer” that would “crash” the housing market. From News.com.au: “The risk is this,” the Prime Minister said. “If you now take the sledgehammer of negative

The post PM Property Council: Labor’s negative gearing reform will “crash” market appeared first on MacroBusiness.

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You tell me, via Domainfax: Capital Economics chief economist Paul Dales explains, the savings rate tends to be affected by movements in household wealth. The chart shows that as wealth rises, we tend to save less – known as the “wealth effect.” “When household wealth is going up because the housing market is improving, the

The post Are household savings about to rise? appeared first on MacroBusiness.

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By Gareth Aird, Senior Economist at CBA Key Points: Australian residential property prices have fallen over the past nine months. Further declines appear likely over the next year due to softer credit growth, a continued lift in apartment supply, less foreign demand and more rational price expectations from would-be buyers. We retain our view, however,

The post CBA: Why house prices will continue to fall appeared first on MacroBusiness.

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Mr North removes himself from the crucifix.

The post Martin North deconstructs 60 Minutes housing crash porn appeared first on MacroBusiness.

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