Blogotariat

Oz Blog News Commentary
MacroBusiness Wednesday, April 1, 2020 - 15:00 Source

With the downside risks around Australian housing growing by the day, Domain has stepped up the “buy now” propaganda: In the midst of pandemic pandemonium, Australia’s apartment market could stay afloat from young buyers with a deposit and job stability, as plummeting interest rates and cheap stock spark “once-in-a-lifetime” buying conditions… “Post-election it was like

The post Aussie housing a “once in a lifetime” buying opportunity appeared first on MacroBusiness.

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

Read more Views: 9
Renew Economy Wednesday, April 1, 2020 - 14:48 Source

Sale of John Laing's Australian renewables assets reportedly put off till second half of 2020, to wait out impact of Covid-19 on an already shaky market.

Read more Views: 9
MacroBusiness Wednesday, April 1, 2020 - 14:40 Source

Via The Australian: Veteran fund manager Geoff Wilson has warned that “everything is on the table” when the government looks for ways to pay for its massive spending spree to support the economy in the midst of the coronavirus pandemic. But he cautioned against a second attempted raid on franking credits to pay off the

The post Heroic Geoff Wilson donates franking credits to national effort appeared first on MacroBusiness.

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

Read more Views: 9
oecomuse Wednesday, April 1, 2020 - 14:24 Source

This post is written on unceded lands of the sovereign Darug people. I offer my respects to their elders and express my profound gratitude that our family may live safely here.

It has come to my attention that there are some gaps in Australian public knowledge of how Australian federalism works. While underemployed at home, I thought it might be useful to write up a bit of an explainer.

First Peoples First

Read more Views: 8
Renew Economy Wednesday, April 1, 2020 - 14:23 Source

Big batteries seen as key to provide smarter and cheaper alternatives to upgrade transmission links between states and fast-track transition to wind and solar.

Read more Views: 8
MacroBusiness Wednesday, April 1, 2020 - 14:20 Source

Presetned without comment: You cannot visit your partner for social reasons. There are select reasons you can go to the home of your partner. They are outlined clearly in the directives of the CHO which you can find and read at: https://t.co/lZt5A46ROh — Lisa Neville (@LisanevilleMP) March 31, 2020

The post Victoria bans rooting appeared first on MacroBusiness.

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

Read more Views: 9
MacroBusiness Wednesday, April 1, 2020 - 14:00 Source

Following yesterday’s report covering the five major capitals, CoreLogic has released its full dwelling value results for March, which also captures the smaller markets and regional areas: As shown above, the smaller capitals and regions also had positive month in March, with all recording rises alongside 0.7% growth nationally. However, Tim Lawless noted that “recent

The post CoreLogic: “unprecedented uncertainty” grips housing market 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 Wednesday, April 1, 2020 - 13:52 Source

Industrial emissions continue to rise as the Morrison government's weak Safeguard Mechanism does little to stem growth.

The post Industrial emissions grow as polluters side-step safeguard caps appeared first on RenewEconomy.

Read more Views: 24
MacroBusiness Wednesday, April 1, 2020 - 13:40 Source

Virgin Australia Holdings’ CEO Paul Scurrah has warned that the airline industry will require a government bailout if the coronavirus pandemic is not contained quickly. Virgin has approached the federal government regarding the potential for it to provide a $1.4 billion loan facility in the event of a sustained downturn. This would see the government

The post Grounded airlines seek massive bail-out appeared first on MacroBusiness.

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

Read more Views: 21
MacroBusiness Wednesday, April 1, 2020 - 13:20 Source

More data has emerged on the pervasive impact the partial shutdown is having on people movements in Sydney and Melbourne. As shown in the next chart, prepared by the Department of Prime Minister and Cabinet using mobile phone data, people movements are tracking at less than 20% of normal levels across both cities: Data released

The post Massive reduction in people movements across Sydney and Melbourne appeared first on MacroBusiness.

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

Read more Views: 22
The Australian Independent Media Network Wednesday, April 1, 2020 - 13:17 Source

Less than four weeks ago, Treasurer Josh Frydenberg was still singing his own praises. “Australia approaches the challenges ahead from a position of economic strength with the Coalition Government’s economic plan and responsible budget management contributing to the resilience of the Australian economy.” Under the Coalition’s “responsible budget management”, net debt has increased from $161,253…

Read more Views: 22
MacroBusiness Wednesday, April 1, 2020 - 13:00 Source

From Bloxo at HSBC today who still has deluded house price forecasts of 5-9% this year: Every element of economic forecasting will change. …There is nothing that will be left untouched by the extent of the macroeconomic shock we’re faced with. To latch on to a particular number at this point is hard. But there

The post Bloxo runs screaming from house price forecasts appeared first on MacroBusiness.

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

Read more Views: 20
The Australian Independent Media Network Wednesday, April 1, 2020 - 12:44 Source

Krystal Ball of Rising on The Hill TV recently made a comment that perfectly encapsulates Joe Biden and the Democrats. I want to give her comment, delve into the details and extrapolate a little. The Krystal Ball Looks into You, Part One: Swing that Axe! On a recent edition of Rising, Krystal offered this pearl…

The post Krystal Ball Demolishes Joe Biden appeared first on The AIM Network.

Read more Views: 21
John Quiggin Wednesday, April 1, 2020 - 12:44 Source

Yesterday, I pointed out that the first instalment of the rescue package could be financed by cancelling the Stage 3 income tax cuts legislated for 2024-25. Today, the same suggestion is on the front page of the SMH. Morrison is apparently resisting the idea, but that can’t last long.

Read more Views: 24
MacroBusiness Wednesday, April 1, 2020 - 12:40 Source

Although older Australians are much more likely to die from the coronavirus, the pandemic will have a major impact on the future income and career prospects of many younger people. A recent study by Reserve Bank of Australia economists Zoya Dhillon and Natasha Cassidy found that while younger generations find it hard enough to get

The post Young Aussies will bear brunt of coronavirus employment shock 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 Wednesday, April 1, 2020 - 12:23 Source

Via The Guardian: Britain’s largest banks have agreed to scrap nearly £8bn worth of dividends in light of the coronavirus crisis, giving banks an additional cushion to weather an economic downturn. The Bank of England has also ordered lenders to cancel plans for cash bonuses for executives, as it asked financial institutions to boost their strength ahead of

The post UK forces all banks to kill dividends 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 Wednesday, April 1, 2020 - 12:20 Source

While residents of Sydney are suffering from mass job losses and falling incomes, and all companies are taking haircuts, monopoly toll road operator Transurban is pushing ahead with hefty toll increases across its Sydney road network: Opposition roads spokesman John Graham said the government needed to work with toll operators to freeze price increases for

The post Greedy Transurban refuses to delay toll increases appeared first on MacroBusiness.

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

Read more Views: 27
The Australian Independent Media Network Wednesday, April 1, 2020 - 12:16 Source

Before I start this, I’d just like to tell you how great I am. I mean, I’m really good when it comes to economics. I understand them and I know how they work and that’s because I’m an adult and I’m open for business, and if you want me to get things in order just…

The post Market Forces Rule, Except Sometimes… appeared first on The AIM Network.

Read more Views: 13
Renew Economy Wednesday, April 1, 2020 - 12:10 Source

Iberdrola announced involvement in two European demonstration projects, one of which will utilise a 10MW turbine and a semi-submersible floating concrete structure.

The post Iberdrola to lead 10MW floating offshore wind project appeared first on RenewEconomy.

Read more Views: 12
MacroBusiness Wednesday, April 1, 2020 - 12:05 Source

The Australian Bureau of Statistics (ABS) has released dwelling approvals data for the month of February. At the national level, the number of dwelling approvals surged by a seasonally adjusted 19.9% to 15,698. The overall jump in approvals was driven by units & apartments, which rocketed by 61.7%. Over the year, dwelling approvals fell 5.8%,

The post Dwelling approvals surged pre-virus appeared first on MacroBusiness.

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

Read more Views: 15
Renew Economy Wednesday, April 1, 2020 - 12:04 Source

Wind turbines in a wind powered renewable energy production plant - optimisedMacquarie Group subsidiary the Green Investment Group will expand its European clean energy portfolio after securing a deal with Vestas for the supply 80MW of new wind turbines, which are destined to be installed at a project in Norway.

Read more Views: 16
Renew Economy Wednesday, April 1, 2020 - 12:02 Source

Swedish company SeaTwirl inks deal with Crest Consultants to target the Brazilian offshore wind energy market with its vertical axis floating turbine technology.

Read more Views: 17
MacroBusiness Wednesday, April 1, 2020 - 12:00 Source

With the second and third stages of the Morrison Government’s income tax cut package legislated to take effect in 2022 and 2024 respectively, there are now big question marks over whether they can be delivered. For now, the federal government remains committed, with Treasurer Josh Frydenberg claiming that balancing the Budget means Australia is in

The post Coalition’s high income tax cuts must be axed 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 Wednesday, April 1, 2020 - 11:52 Source

The Australian dollar is still soft this morning: Bonds are bid out the wazoo: Sometimes the Australian stupidity premium can make a few dollars. XJO today is an example. After yesterday’s end of quarter sell down has the crack-juiced trader-children back in the saddle: In truth, XJO is down 28% versus SPX at down 23%

The post ASX lift closes Australian stupidity discount appeared first on MacroBusiness.

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

Read more Views: 3
MacroBusiness Wednesday, April 1, 2020 - 11:40 Source

With a little thaw. Investment grade spreads have fallen after the central bank tsunami: So have junk spreads but they remain wide: CFR sees big defaults coming: Acknowledging the enormous threat to jobs and incomes posed by the coronavirus epidemic, the Federal Reserve on March 23 pledged to use “its full range of authorities to provide powerful

The post Credit freeze continues appeared first on MacroBusiness.

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

Read more Views: 3
MacroBusiness Wednesday, April 1, 2020 - 11:38 Source

Great stuff from Captain Phil and the crew. Ignore the cast of parasites which only get in the way and should be disbanded. Minutes of the Monetary Policy Meeting of the Reserve Bank Board Members Present Philip Lowe (Governor and Chair), Guy Debelle (Deputy Governor), Mark Barnaba AM (by video), Wendy Craik AM (by video), Ian Harper (by video), Steven Kennedy PSM, Allan Moss AO, Carol Schwartz AO

The post Minutes of the RBA’s very good say appeared first on MacroBusiness.

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

Read more Views: 18
Renew Economy Wednesday, April 1, 2020 - 11:32 Source

Gath James of Go4Solar and Electircal. Supplied.Six-month trial using new two-in-one solar inverter and EV charger shows massive savings of $7,000 to be had from driving on sunshine.

Read more Views: 17
MacroBusiness Wednesday, April 1, 2020 - 11:20 Source

Via Capital Economics comes China: Europe:   Asia: US:

The post Chinese rebound plods on, world shuts 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 Wednesday, April 1, 2020 - 11:00 Source

Lot’s of ignomious politcking around the flawed JobKeeper program today, at the AFR: With Labor and the ACTU calling publicly for such a wage, arguing that the welfare safety net in the second stimulus or “survival” package was not enough, insiders say Treasury Secretary Steven Kennedy drove the policy at the start. It was worked

The post Who will pay Depressionberg’s immense debt? 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 Wednesday, April 1, 2020 - 11:00 Source

The RBA’s panic-busting QE is doing a great job of restoring order. Bonds have been bid almost without cease since the great dislocation: I expect spreads to come in further yet. The curve is still far too steep for the massive deflation and growth bust that is at hand: The 10 year at 50bps and

The post Aussie bond boom returns appeared first on MacroBusiness.

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

Read more Views: 17

Pages