Blogotariat

Oz Blog News Commentary
MacroBusiness Wednesday, November 14, 2018 - 00:20 Source

By Leith van Onselen We already know that Melbourne has experienced insane levels of population growth over the past 13 years, driven by mass immigration: And that the lion’s share of this population growth has taken place in the outer suburbs of the city: Yesterday, the Victorian Council of Social Service (VCOSS) reported that Melbourne’s outer

The post Melbourne’s migrant-stuffed areas rife with poverty appeared first on MacroBusiness.

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

Read more Views: 29
MacroBusiness Wednesday, November 14, 2018 - 00:20 Source

UBS’s Jonathon Mott has led the sell side on the housing bust and he’s refusing to be headed now. His new note proposes a worst case scenario in which Aussie house prices crash 30%, the RBA cuts rate to zero and launches quantitative easing, and banks are crushed by cascading bad debts, cut dividends and

The post UBS out-bears them all with housing crash scenario appeared first on MacroBusiness.

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

Read more Views: 12
MacroBusiness Wednesday, November 14, 2018 - 00:15 Source

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.

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

Read more Views: 18
MacroBusiness Wednesday, November 14, 2018 - 00:14 Source

By Leith van Onselen SQM Research has released its rental vacancy series for October, which revealed a 0.1% decline in the national vacancy rate over the month and a 0.1% decline over the year: Over the year, decreases in vacancies were recorded in Melbourne (-0.1%), Adelaide (-0.3%), Perth (-1.1%), Brisbane (-0.7%) and Canberra (-0.2%), whereas

The post Sydney landlords savaged by falling prices and rents appeared first on MacroBusiness.

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

Read more Views: 11
MacroBusiness Wednesday, November 14, 2018 - 00:10 Source

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.

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

Read more Views: 17
MacroBusiness Wednesday, November 14, 2018 - 00:01 Source

Global Macro / Markets / Investing: Trump’s protectionism might just save the WTO – Washington Post What plunging oil prices may be telling us about the stock market and global economy – MarketWatch The CEO obsession with bitcoin and blockchain is over – Axios Aggregating labour supply elasticities – VOX Global trends in interest rates

The post Links 14 November 2018 appeared first on MacroBusiness.

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

Read more Views: 13
Renew Economy Tuesday, November 13, 2018 - 20:36 Source

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.

Read more Views: 28
Renew Economy Tuesday, November 13, 2018 - 20:25 Source

Victoria Labor says it will extend its rooftop solar rebate to the state’s tens of thousands of renters, if re-elected in the state poll two weeks from now.

Read more Views: 17
Renew Economy Tuesday, November 13, 2018 - 20:18 Source

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.

Read more Views: 30
Renew Economy Tuesday, November 13, 2018 - 19:06 Source

Queensland and ACT push federal government to embrace a national policy for electric vehicles.

The post Coalition should get “head out of sand” on electric vehicles, say states appeared first on RenewEconomy.

Read more Views: 16
MacroBusiness Tuesday, November 13, 2018 - 17:45 Source

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.

[[ 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 Tuesday, November 13, 2018 - 16:33 Source

Oh for a government who didn’t spend all their time finding reasons not to: Bring sick children on Nauru to Australia to get medical help Resettle refugees in New Zealand (or prior to that, Malaysia) or…let’s make this easy and cheap and only fair….here Reduce emissions Invest in renewable energy Protect water security, the water…

The post Reasons not to appeared first on The AIM Network.

Read more Views: 17
Renew Economy Tuesday, November 13, 2018 - 14:54 Source

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.

Read more Views: 17
Renew Economy Tuesday, November 13, 2018 - 14:47 Source

The Australian Energy Council, which represents electricity generators and retailers, seems to be in a state of blissful ignorance on how Australian networks are actually regulated. 

Read more Views: 23
The Australian Independent Media Network Tuesday, November 13, 2018 - 14:46 Source

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.

Read more Views: 23
Renew Economy Tuesday, November 13, 2018 - 14:40 Source

Snowy Hydro's returns from the proposed Snowy 2.0 pumped hydro scheme would be a fraction of the heroic estimations of its market benefits.

The post Snowy 2.0 – Is the reward worth the risk? appeared first on RenewEconomy.

Read more Views: 21
MacroBusiness Tuesday, November 13, 2018 - 14:30 Source

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.

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

Read more Views: 19
MacroBusiness Tuesday, November 13, 2018 - 14:00 Source

Jeff Kennett today predicts a Victorian election boil over: Four years ago the ALP was fraudulently using public moneys for its own electoral purposes — the Red Shirts Affair — and then spent voters’ money trying to stop it becoming public. Recently we saw Premier Daniel Andrews refuse to allow the 21 MPs, including six

The post Kennett: VIC is going to toss Labor appeared first on MacroBusiness.

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

Read more Views: 25
MacroBusiness Tuesday, November 13, 2018 - 13:46 Source

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.

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

Read more Views: 24
MacroBusiness Tuesday, November 13, 2018 - 13:30 Source

By Leith van Onselen Yesterday, we attacked the Morrison Government’s plan to halve funding to charity Foodbank, which provides meals to 710,000 needy Australians. Thankfully we can today report that the community backlash has forced the Coalition to backflip: The National Farmers’ Federation, the community sector and Labor yesterday slammed the Government’s plans to slash

The post A day later, Morrison backflips on Foodbank funding cuts appeared first on MacroBusiness.

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

Read more Views: 18
MacroBusiness Tuesday, November 13, 2018 - 13:00 Source

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.

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

Read more Views: 26
MacroBusiness Tuesday, November 13, 2018 - 12:30 Source

Hmmm…at the AFR: Former Macquarie banker Andrew Hooper-Nguyen and his business ­partner, the co-founder of ASX-listed Excel Coal, Chris Ellis, have made a bulk purchase of brand new apartments at Rich Lister Tim Gurner’s FV tower in Brisbane where there have already been discounts of 24 percent from sales made four years ago. …”Market weakness

The post Bottom-feeders gobble Brisvegas apartments 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 Tuesday, November 13, 2018 - 12:15 Source

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.

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

Read more Views: 20
MacroBusiness Tuesday, November 13, 2018 - 12:00 Source

From DFA’s latest household survey of 52,000 Australian households: The results from the DFA household surveys to the end of October 2018 are out today. The index measures households overall comfort level with their finances across a number of key dimensions. Recent home price trends, lower returns on deposits and share market gyrations have combined

The post Household financial confidence tumbles with wages, houses 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 Tuesday, November 13, 2018 - 11:56 Source

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.

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

Read more Views: 15
MacroBusiness Tuesday, November 13, 2018 - 11:48 Source

The NAB business survey is out and the boom is over bar the shouting: Business conditions have eased back from the high levels seen earlier in the year but remain well above average. Forward orders (the most reliable indicator of domestic demand) remain a touch above average but significantly below levels reported in H1 2018.

The post NAB business survey boom is over 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 Tuesday, November 13, 2018 - 11:45 Source

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.

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

Read more Views: 14
MacroBusiness Tuesday, November 13, 2018 - 11:30 Source

By Leith van Onselen It was expected that the proposed ‘free trade agreement’ (FTA) between Australia and Indonesia would be signed on the sidelines of the East Asia Summit this week. However, Indonesia has reportedly told Australia that it will not sign the FTA until Australia rules out any prospect of moving its embassy in

The post Labour crushing Indonesian FTA put on hold 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 Tuesday, November 13, 2018 - 11:15 Source

By Leith van Onselen The Coalition’s repeated assertion that Australia’s smaller states and regions are “begging for migrants” has received a lukewarm reception. After Prime Minister Scott Morrison yesterday announced that he would give the states a say on how many migrants they want, Western Australia’s Premier, Mark McGowan, pushed back: “If the federal government want

The post Do the smaller states and regions want more immigration? appeared first on MacroBusiness.

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

Read more Views: 11
MacroBusiness Tuesday, November 13, 2018 - 11:11 Source

Via the ABC: In an extraordinary move, the Federal Court has refused to approve a $35 million penalty for Westpac, despite the bank admitting it broke responsible lending laws.The penalty was a negotiated settlement between Westpac and the Australian Securities and Investments Commission (ASIC).However, in a highly critical judgment, Justice Nye Perram said “admirable ingenuity

The post Judge shoots down Westpac “liar loan” fine appeared first on MacroBusiness.

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

Read more Views: 11

Pages