Blogotariat

Oz Blog News Commentary
MacroBusiness Wednesday, January 24, 2018 - 12:07 Source

Via NAB: • The NAB Cashless Retail Sales Index shows a slowdown in December following a strong November. Mapping through to the official measure of retail sales suggests a decline of 0.3% in December after a strong 1.2% rise in November to be published by the ABS when released on 6 February. The weaker result

The post NAB retail tracker projects Nasty Santa appeared first on MacroBusiness.

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

Read more Views: 4
MacroBusiness Wednesday, January 24, 2018 - 11:59 Source

Bye: Chinese conglomerate Wanda has confirmed to the Hong Kong Stock Exchange it has sold its Circular Quay apartment development site in Sydney as well as the $900m Jewel triple tower complex on the Gold Coast as reported by The Australian last week. Wonder how big was the discount. Tip of the proverbial iceberg.

The post Wanda dumps marquis Aussie developments appeared first on MacroBusiness.

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

Read more Views: 4
MacroBusiness Wednesday, January 24, 2018 - 11:55 Source

The Westpac/Melbourne Institute Leading Index has just been released and its positing strong growth ahead in 2018 domestically. This is a very strong above trend reading and, following the solid results in October and November, points to solid above trend growth in the early part of 2018. However, in our view there are still key

The post Westpac Leading Index moves higher appeared first on MacroBusiness.

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

Read more Views: 7
MacroBusiness Wednesday, January 24, 2018 - 11:52 Source

Via S&P: This is a seasonally strong period for arrears but the trend is down now: Majors are seeing 30-90 day arrears collapse. Regionals are still trending up: Nothing frightening here! Full report.

The post Australian mortgage arrears fall in November appeared first on MacroBusiness.

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

Read more Views: 5
MacroBusiness Wednesday, January 24, 2018 - 11:45 Source

Via Reuters: Anglo American PLC said on Tuesday it expects to receive long-awaited licenses on Friday which will pave the way for the mining company to boost its Brazilian iron ore production capacity by about 56 percent. Anglo American plans to invest 1 billion reais ($308.94 million) to expand its iron ore extraction capacity at

The post Minas Rio ramp to begin appeared first on MacroBusiness.

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

Read more Views: 7
MacroBusiness Wednesday, January 24, 2018 - 11:33 Source

There are times when the human body is not cut out for dealing with the rage-inducing Australian politician: Federal Resources Minister Matt Canavan is scrambling to reassure some of Australia’s biggest LNG investors and customers in Asia about the new domestic gas security policy, amid fears it may cause lasting damage to multibillion-dollar project investments

The post Canavan reassures Asian households of cheap gas appeared first on MacroBusiness.

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

Read more Views: 8
MacroBusiness Wednesday, January 24, 2018 - 11:07 Source

Via DEEWR: Slowing.

The post Skilled job vacancies slow appeared first on MacroBusiness.

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

Read more Views: 8
MacroBusiness Wednesday, January 24, 2018 - 11:01 Source

Via the AFR: Analysts have downgraded the share price of McGrath to as low as 25¢, a far cry from its $2.10 listing price, after a shocking week in which the real estate agent issued another profit warning and lost its chief executive and board. Bell Potter, which helped float McGrath alongside JP Morgan, backflipped on the buy

The post Handsome McGrathmaggedon trashed by biggest fan appeared first on MacroBusiness.

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

Read more Views: 9
The Tally Room Wednesday, January 24, 2018 - 11:00 Source

Six Australian states and territories have been due for federal electorate redistributions during the current federal parliamentary term – we’ve already completed the process in Tasmania and the Northern Territory, and the process was well under way in Queensland.

It turns out that the final decision for the Queensland federal redistribution was announced on January 5. The decision appears to be exactly the same as the draft map, which I blogged about in October.

Read more Views: 11
MacroBusiness Wednesday, January 24, 2018 - 10:55 Source

From Westpac just now: Westpac has revised the outlook for the Federal Funds rate and the Australian dollar. When we last produced our forecasts in mid December we expected that the Federal Funds rate would be increased by 25 basis points in June and December in 2018 to reach 1.875% by year’s end. We envisaged

The post Westpac ups Australian dollar forecast appeared first on MacroBusiness.

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

Read more Views: 12
Harrangue Man Wednesday, January 24, 2018 - 10:48 Source

There's a dead tree we face when joining onto a road that takes us to another near our house. The dead tree is wreathed in vine.On this morning's drive I saw them roosting there, a whole flock.Cockatoos.If you believed in intelligent design then you'd have to ask what the fuck the designer was thinking. I get the visual appeal of the bird—handsome with the white feathers and the yellow crest.. Sometimes you see them in movies, on a perch in someone's house.

Read more Views: 8
Renew Economy Wednesday, January 24, 2018 - 10:32 Source

Tesla unveils 10-year plan to reach $A800 billion in market value by becoming the world's first vertically integrated sustainable energy company. That means going big in solar, EVs and battery storage, and would make Elon Musk the world's richest person.

Read more Views: 13
Renew Economy Wednesday, January 24, 2018 - 10:32 Source

Tesla unveils 10-year plan to reach $A800 billion in market value by becoming the world's first vertically integrated sustainable energy company. That means going big in solar, EVs and battery storage, and would make Elon Musk the world's richest person.

Read more Views: 6
MacroBusiness Wednesday, January 24, 2018 - 09:40 Source

So says Karen Moley: Are we in the early stages of a major rally in commodity prices, as stronger global growth lifts demand, while the tumbling US dollar cuts prices for buyers outside the United States? Looking at the historic relationship between the US equity market and commodity prices (measured by the closely watched S&P

The post Is a new commodities boom upon us? appeared first on MacroBusiness.

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

Read more Views: 14
MacroBusiness Wednesday, January 24, 2018 - 09:10 Source

The media is alive with excitement today over an annual AIG survey of CEOs: Ai Group’s annual Business Prospects survey reveals that Australian CEOs are more optimistic heading into 2018 than they have been for any year since 2012. This has built on an actual performance in 2017 that exceeded CEO expectations of a year

The post Strayan CEOs promise coolie boom appeared first on MacroBusiness.

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

Read more Views: 15
MacroBusiness Wednesday, January 24, 2018 - 08:30 Source

By Chris Becker The Trump trade war has not yet upset markets, overshadowed by stellar earnings result from tech heavies, which sent the NASDAQ soaring, pulling industrial stocks higher. The USD backpedalled again while US Treasury yields finally strengthened, as other sovereign bonds also put on gains. Commodities rallied too in this risk-on wide move.

The post Macro Morning 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, January 24, 2018 - 08:30 Source

Make America unwashed and unpowered again? Yesterday, President Trump slapped tariffs on two of its biggest trading partners, Korea and China, with new charges on washing machines and solar cells in his first major trade “deal”. From Bloomberg: The U.S. will impose new duties of as much as 30 percent on foreign-made solar equipment, the

The post Trump ignites a solar trade war appeared first on MacroBusiness.

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

Read more Views: 20
MacroBusiness Wednesday, January 24, 2018 - 08:07 Source

The USD index tumbled to three year lows last night: But the Australian dollar was sold anyway. Indeed it was dumped against all DMs: The reason was iron ore which took a tumble. Confirmed by weakness as well in the Brazilian real: Gold firmed: WTI hit news highs: But base metals fell and copper slumped

The post An outrageous US boom is in the making appeared first on MacroBusiness.

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

Read more Views: 15
Inside Story Wednesday, January 24, 2018 - 07:45 Source

Glyn Davis is a political scientist by trade and a vice-chancellor by occupation. His latest book is an effort to find a way through a particularly knotty public policy problem, a view from the apex of the system, and the latest shot in a battle that began thirty-odd years ago when the high-prestige universities realised what federal education minister John Dawkins was up to.

Read more Views: 18
MacroBusiness Wednesday, January 24, 2018 - 07:07 Source

Lordy, we’re moving from fiction to fantasy in Canberra, via the AFR: Treasury is set to ramp up its global forecasts in the May budget as the Trump tax revolution helps fan a growing tailwind for the Turnbull government that will temporarily offset Australia’s declining attractiveness as a place for companies to invest and hire. A surge

The post Budget embraces the Bloxo boom appeared first on MacroBusiness.

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

Read more Views: 19
The Global Mail - Syndicated Stories Wednesday, January 24, 2018 - 07:00 Source

With the median bitcoin transaction fee now well into two digits as of mid January 2018, it is becoming increasingly infeasible to continue using the cryptocurrency as anything but a store of value. The Lightning Network is a proposed solution […]

The post Development and Adoption of Bitcoin Lightning Network is Reaching Critical Mass appeared first on The Global Mail.

Read more Views: 28
The Australian Independent Media Network Wednesday, January 24, 2018 - 06:00 Source

Wednesday 24 January 2018 Leading your party in Opposition must surely be a job you wouldn’t wish on your worst enemy. It’s a thankless, powerless task that has few positives but comes with enormous expectations from those who follow you. Releasing policy is considered precarious until the election campaign begins. The media focuses on the…

The post Day to Day Politics: Being an Opposition Leader sucks. So get off his back. appeared first on The AIM Network.

Read more Views: 28
MacroBusiness Wednesday, January 24, 2018 - 00:25 Source

Via AEP: “All the market indicators right now look very similar to what we saw before the Lehman crisis, but the lesson has somehow been forgotten,” said William White, the Swiss-based head of the OECD’s review board and ex-chief economist for the Bank for International Settlements. Professor White said disturbing evidence of credit degradation is

The post William White: It’s worse now than pre-GFC appeared first on MacroBusiness.

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

Read more Views: 48
MacroBusiness Wednesday, January 24, 2018 - 00:19 Source

McGrathmaggedon himself unleashed torrent of fake news yesterday at a spruiker event: “We will be moving forward at a pace not seen before. This business has incredible greatness and resilience,” Mr McGrath said, according to a copy of remarks provided by the company. “We will be laser-focused, customer-centric, fast, agile and our innovative heritage will once again

The post Why McGrathmaggedon has just begun appeared first on MacroBusiness.

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

Read more Views: 32
Harrangue Man Wednesday, January 24, 2018 - 00:16 Source

Black cat, bad catThe black cat has a habit of sneaking under the double bed around bedtime so she can come out and lick someone at 3 am.We have two ways into the big room—through the shared bathroom or the door to the room from the corridor. She is black and waits in the dark. If you open the door to the room she will dart in and go under the bed.Thus far the only way to get her out is to entice her out—or rage lift a double mattress—by luring her with promises of wet cat food, the kind that comes in silvery pouches.

Read more Views: 29
North Coast Voices Wednesday, January 24, 2018 - 00:16 Source

Read more Views: 29
North Coast Voices Wednesday, January 24, 2018 - 00:15 Source

On the Line Limited state that it is a professional social health business that provides counselling support, anywhere and anytime, primarily via telephone, web chat and online support through the rather bluntly named  MensLine Australia, Suicide Call Back Service, SuicideLine Victoria, a Department of Defence All Hours Support Line After Hours Service and other geographically specific services.On the Line Limited also provides tailored counselling services for corporate, member and community organisations.According to its

Read more Views: 26
MacroBusiness Wednesday, January 24, 2018 - 00:12 Source

Via Financial Standard: One of Australia’s first funds to specialise in crypto asset investments is now open to wholesale investors with its first investment planned for February 1. Apollo Capital is accepting minimum buy-ins of $50,000 and will invest in digital currencies, other blockchain-based assets and initial coin offerings (ICOs). Described as an actively managed

The post Aussie crypto fund opens (to the sound of crickets?) appeared first on MacroBusiness.

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

Read more Views: 32
MacroBusiness Wednesday, January 24, 2018 - 00:10 Source

Global Macro/Investing/Economics Magnitude 8.0 earthquake strikes Gulf of Alaska – Earthquake.gov Netflix crosses $100 billion market capitalization as subscribers surge.Netflix Inc snagged 2 million more subscribers than Wall Street expected in the final three months of 2017, tripling profits at the online video service. – Reuters Banks and Fintechs Are Duelling In a ‘War For Talent’ – Bloomberg

The post Links 24 January 2018 appeared first on MacroBusiness.

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

Read more Views: 33
MacroBusiness Wednesday, January 24, 2018 - 00:05 Source

Iron ore price charts for January 24, 2017: Tianjin spot fell $2.20 to $73.70. Paper held on overnight. Steel is range trading. Let the bears roll at Bloomie: “Steel profitability has deteriorated recently and producers are starting to replace high-quality ore with low grades, which are more cost-efficient,” Zhao Chaoyue, an analyst at China Merchants

The post Daily iron ore price update (splat) appeared first on MacroBusiness.

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

Read more Views: 13

Pages