Blogotariat

By Leith van Onselen Peter Gleeson’s moronic attack yesterday on Labor’s negative gearing policy has found company, with Australian Taxpayers Alliance (ATA) director, Satya Marar, also claiming Labor’s policy would somehow “slam the vulnerable”: …renters and retirees on self-managed super funds are set to take the greatest hits… While existing investors and super fund holders can

The post Another day, another worst ever negative gearing reform attack appeared first on MacroBusiness.

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Via Capital Economics: Labor’s proposals for a number of regulatory changes could worsen the investment climate and dampen business confidence, but we think their impact on economic growth would be small. All told, a Labor victory would probably lead to weaker economic growth over the next couple of years. Adding in the negative wealth effect

The post Capital Economics: Labor to sink Australian dollar appeared first on MacroBusiness.

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University of Technology Sydney inks deal with Epuron to buy the output of its 32MW Walgett Solar Farm in northern New South Wales.

The post UTS to source half its elecricity needs from new Walgett solar farm appeared first on RenewEconomy.

An all-electric passenger airplane called Alice could reshape regional air travel in Australia.

The post How this electric airplane could reshape regional air travel appeared first on RenewEconomy.

Stocks are sharply lower across most of the region in response to the risk off mood overnight with the added concern of a breakdown in Brexit negotiations and the falling oil price adding to the tensions. The PBOC again moved the Yuan closer to the 7 handle in a big move in today’s fix with

The post Macro Afternoon appeared first on MacroBusiness.

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Two new solar farms in Queensland to be developed on merchant basis, rather than through contracts.

The post Eco Energy gets financing for two “merchant” solar farms in Queensland appeared first on RenewEconomy.

President Donald J. Trump has been engaged with berating human caravans, a spectacle that might have been odd in another era. At first instance, it all seems fundamentally anachronistic, a sort of history in reverse. It was, after all, the caravan packed with invasive pioneers that gave the United States its distinct frontier identity, moving…

The post Convenient Demonologies: Stopping Migrant Caravans appeared first on The AIM Network.

Via QCL: HORROR receival figures into the GrainCorp storage network highlight the depth of the drought in Australia’s north-eastern cropping zone. Total new-crop grain receivals into the GrainCorp bulk handling network as of November 5 totaled just 93,300 tonnes, with Victorian deliveries, traditionally not a major factor until December, making up over a quarter of the tally. And

The post Another shock to Aussie growth as drought bites appeared first on MacroBusiness.

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By Leith van Onselen Today’s Lending Finance data for September, released by the ABS, revealed that personal and renovation finance continue to collapse. Personal finance commitments were down 5.4% over the year, are down 24% since the March 2013 peak, and are tracking at the lowest level since December 2002: In a similar vein, renovation

The post Personal and renovation finance collapsing appeared first on MacroBusiness.

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By Leith van Onselen The Morrison Government’s ‘migrants to the bush’ smokescreen has been comprehensively exposed with regional migration approvals hitting a decade low. From The ABC: Regional visa approvals have fallen to their lowest levels in a decade as the Federal Government prepares to introduce a scheme requiring new arrivals to work outside the

The post ‘Migrants to the bush’ exposed as regional visas hit decade low appeared first on MacroBusiness.

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AUD is under pressure still: Bonds are bid: As XJO gets flushed: Big Iron is hit: Big Gas too: Big Gold is fading away: Big Bank’s dead cat is on the way down again: Big Property is ugly. Great to see Domain leading the way down: Duck.

The post ASX hammered appeared first on MacroBusiness.

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By Leith van Onselen Australia’s speculator frenzy continues to unwind abruptly, according to today’s Lending Finance data for September, released by the ABS. As shown below, the annual value of investor loans in New South Wales (read Sydney) is falling fast, as is Victoria (read Melbourne). Investor loans in the other major jurisdictions are also in

The post Investor mortgage growth is crashing everywhere appeared first on MacroBusiness.

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So says Chanticleer: Joye’s message was not to panic. Even if the market were to really tank there were plenty of options for regulators and governments wishing to stabilise the situation. It is my view that when the RBA is forced to cut next year it will stabilise the market for a while (assuming it

The post Joye: “plenty of options” to stabilise house prices. Are there? appeared first on MacroBusiness.

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