Blogotariat

By Leith van Onselen The Australian Bureau of Statistics (ABS) has released its National Financial Accounts for the September quarter, which revealed a 1.8% quarterly decline in Australian banks’ gross external liabilities (offshore borrowings), but a large 7.6% increase over the year. One Name Paper (-$24 billion) and Deposits (-$10 billion) drove the quarterly decline

The post As credit tightens, Aussie banks binge on offshore bonds appeared first on MacroBusiness.

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

Global Macro / Markets / Investing: Paul Volcker on Why Financial Regulation and Good Governance Are So Important – Barron’s Cash back in the spotlight as global bond yields fall – FT After the ’death cross,’ the S&P 500 seems to be forming another scary chart pattern – CNBC Central banks should not set economic

The post Links 14 December 2018 appeared first on MacroBusiness.

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

Rather than joining those who examine the entrails of what happened in the past 12 months and makes a narrative around the good, the bad and the ugly, how about we raise the tone a tad and look at attitudes and consensus. Wasn’t the last week of Parliament fun? Effectively the coalition government wanted to…

The post Let’s dance appeared first on The AIM Network.

It has been an ordinary year for universities in Australia. While the National Tertiary Education Union pats itself on the back for supposedly advancing the rights and pay of academics, several face removal and castigation at the hands of university management. Consumerism and pay are the sort of quotidian matters that interest the NTEU. Less…

The post Be Offensive and Be Damned: The Cases of Peter Ridd and Tim Anderson appeared first on The AIM Network.

As John Kehoe observes today: The RBA’s fingerprints are all over the CFR statement, which says “an overly cautious approach by some lenders to incorporating relevant laws and standards into loan approval processes may be affecting lending decisions”. The result is that the bond market has gotten hosed today as it mulls whether the RBA can

The post Dodgy RBA lifts Aussie markets appeared first on MacroBusiness.

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

Via Domain: ExxonMobil has made a final investment decision on its Bass Strait gas project, which will bring more gas to Victoria in the next five years. The decision backing the West Barracouta field, located off Victoria’s shores, boosts ExxonMobil’s Gippsland Basin output. Exxon did not disclose the volumes but this gas is not for

The post Gas cartel to produce more for everyone else appeared first on MacroBusiness.

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

The Investor Group on Climate Change (IGCC) is pleased to announce the appoin

By Leith van Onselen The ABS today released its National Health Survey for 2017-18, which revealed that rates of obesity continue to rise, with two-thirds (67.0%) of Australian adults classified as either overweight or obese, up from 56.2% in 1995: However, the data above is based on the highly flawed “Body Mass Index” (BMI), which is

The post ABS: Diabesity a major problem in Australia appeared first on MacroBusiness.

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

By Leith van Onselen The HIA has jumped aboard Peter McDonald’s immigration propaganda releasing the following drivel lobbying against any immigration cut: Sensible heads need to prevail regarding Australia’s immigration policy said the Housing Industry Association, following COAG’s determination yesterday to make population planning and management a standing item on their agenda. “Australia needs to

The post Shocked. Shocked! HIA rejects any immigration cut appeared first on MacroBusiness.

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

By Leith van Onselen ABC 7.30 Report last night aired the final of a three part special on Australia’s budding housing bust, which is well worth watching. The episode focussed on Labor’s policy to restrict negative gearing to newly constructed dwellings and to halve the capital gains tax discount. The segment featured several commentators warning

The post 7.30 Report’s “House of Cards” (Part 3) does negative gearing appeared first on MacroBusiness.

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

By Leith van Onselen Last weekend, CoreLogic released its preliminary auction clearance rates, which revealed the following results: Today, CoreLogic has released its final auction results, which reported a large 4.3% decline in the national auction clearance rate to 41.0%, with Sydney’s auction clearance rate diving 6.8% to 41.3% and Melbourne’s falling 2.3% to just

The post Final auction clearance rate crashes to new low appeared first on MacroBusiness.

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

Coalition underwriting documents allow government to pick and choose its favoured projects and adjust the criteria to suit. Even emissions intensity may not be a factor.

By Leith van Onselen Fairfax’s Ross Gittins yesterday penned an excellent article lamenting the neoliberal obsession with privatisation, which is unambiguously making Australians worse-off: Many people feared that if private businesses were allowed to buy government businesses, the first thing they’d do would be to jack up their prices. Politicians and supposed experts told them

The post The great privatisation con appeared first on MacroBusiness.

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