Blogotariat

I have started a new email newsletter, Plugging the Gap, that looks at economics and Covid-19. Here is today’s post which overlaps with usual Digitopoly fodder. You can subscribe here.

by Chris Becker Risk is taking a nosedive going into the afternoon session here in Asia in the wake of Trump’s executive order around another Chinese app, with USD coming back against most of the undollars and stock markets getting very nervous before tonight’s US unemployment print (NFP). Gold has surrounded some ground from its

The post Macro Afternoon appeared first on MacroBusiness.

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Federal government calls for expressions of interest to build a 1MW grid-connected solar farm on Christmas Island.

The post Morrison government tenders for 1MW solar farm on Christmas Island appeared first on RenewEconomy.

CoreLogic’s head of research, Eliza Owen, has done a good job explaining why Melbourne dwelling values are falling at a much faster pace than the rest of the nation: Melbourne has so far seen the largest cumulative declines in property values since March (3.5%). This was led by a 5.2% decline across the Inner East

The post Why Melbourne property prices will plummet appeared first on MacroBusiness.

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When US President Harry S. Truman made the decision to drop the atomic bomb on Hiroshima on August 6, 1945, followed by another on Nagasaki a few days later, he was not acting as an agent untethered from history. In the wheels of his wearied mind lay the battered Marines who, despite being victorious, had…

The post Death From the Sky: Hiroshima and Normalised Atrocities appeared first on The AIM Network.

Locally owned video-on-demand streaming service, Stan, is an Australian success story. Since its formation in 2014 as a joint venture between Fairfax Media and Nine Entertainment, Stan has enjoyed strong growth. It reached 4.4 million subscribers as at May 2020, according to Roy Morgan, and is quickly catching up to local stalwart Foxtel: Despite this

The post Can Stan survive in Australia’s crowded streaming market? appeared first on MacroBusiness.

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CoreLogic has released its final auction results for the week, with the clearance rate continuing to trend lower after bouncing following the first lockdown:   According to CoreLogic: Last week saw the final weighted average clearance rate improve across a lower volume of auctions and fewer withdrawn auctions. There were 1,154 capital city homes scheduled

The post Auction market continues fade out appeared first on MacroBusiness.

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The New South Wales Civil & Administrative Tribunal ruled in 2019 that the cladding on four apartment towers in Ryde should be replaced. The tribunal concluded that the timber-PVC Biowood cladding used in the construction of the four buildings was combustible, represented an undue risk of fire spreading and needed to be replaced. Apartment owners

The post Apartment owners strike back over flammable cladding appeared first on MacroBusiness.

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Victoria has recorded another 450 COVID-19 infections alongside another 11 deaths: NSW, by contrast, recorded only 11 new infections and continues to do a far better job containing the outbreak: Victoria has 7,637 active COVID-19 infections, 96.1% of the nation’s total. By contrast, NSW has 274 active cases, 3.5% of the nation’s total: Victoria has

The post VIC records another 450 COVID-19 infections vs NSW’s 11 appeared first on MacroBusiness.

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One of the biggest changes witnessed across the Australian labour market has been the strong growth of jobs in the Healthcare & Social Assistance sector, which expanded by a whopping 640,000 jobs since the Global Financial Crisis: Increasing its share of Australian jobs from around 10% to more than 14%: Seek has released a new

The post Australia’s bedpan economy revealed appeared first on MacroBusiness.

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CBA’s head of Australian economics, Gareth Aird, forecasts that Australia’s unemployment rate will lift to 7.9% in July despite regaining 50,000 jobs: We expect employment to rise by 50k in July. We expect the unemployment rate to lift to 7.9% on a 0.5ppt rise in the participation to 64.5%. We do not expect the reported

The post CBA: Australia to regain 50,000 jobs in July appeared first on MacroBusiness.

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The new SoMP: During the first half of the year, the COVID-19 pandemic led to the most severe contraction in global and domestic economic activity in decades. Since around May, economic conditions have started to recover as containment measures have been eased and fiscal and monetary policies have provided significant support. But a high degree of

The post Lunatic, blindfolded RBA throws dart at forecast appeared first on MacroBusiness.

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The Grattan Institute has shot down Paul Keating’s, Labor’s, and the superannuation industry’s incessant scaremongering over the Morrison Government’s early superannuation release policy, claiming that it will only reduce retirement incomes by around 1% for the typical worker: Policy makers can only justify forcibly lowering someone’s living standards during their working life – by lifting

The post Early superannuation release no disaster for retirement incomes appeared first on MacroBusiness.

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