Blogotariat

CoreLogic’s weekly housing indicators continue to show broad weakness. Dwelling values have fallen heavily, led by Sydney and Melbourne: Auction clearances have crashed, again led by Sydney and Melbourne: Whereas mortgage credit remains stillborn: At the same time, listings have exploded upwards to 2012 highs as unsold ‘stale’ stock accumulates across Sydney and Melbourne; albeit

The post CoreLogic: Unsold properties surge 20% in Sydney/Melbourne appeared first on MacroBusiness.

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Global Macro / Markets / Investing: Sell-offs could be down to machines that control 80% of the US stock market, fund manager says – CNBC Stocks extend decline as trade woes batter sentiment – Reuters The Market’s Latest Problem: Hesitation to Buy the Dip – WSJ The Case Against Meritocracy – NY Times Coinbase abandons

The post Links 11 December 2018 appeared first on MacroBusiness.

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By Khaled Elomar I reflect on my childhood in a war-torn country (Lebanon). The absence of hope, security and prosperity. The instability of rule and governance. The limited education that any child or adolescent is exposed to, if they are lucky to be exposed to any of it at all. Then I see where I am…

The post My Land appeared first on The AIM Network.

One of the production team behind The Political Sword regularly attends a trivia night at a local pub. Recently the host (who runs a company that hosts multiple trivia nights every night of the week — so he’s pretty good at finding obscure facts) made the claim that 49 percent of Australians are either immigrants or one/both…

The post Oh the irony appeared first on The AIM Network.

The remarkable story of how the hard-right Koch brothers funded a Trotskyite splinter group.

By George Monbiot, published in the Guardian 7th November 2018

Dark money is among the greatest current threats to democracy. It means money spent below the public radar, that seeks to change political outcomes. It enables very rich people and corporations to influence politics without showing their hands.

Study shows contribution to grid from Australia's rooftop solar systems up 33% over 2018. At this rate, it could supply 14% of NEM demand within 5 years.

The post Rooftop solar could supply 15% of Australian demand by 2023 appeared first on RenewEconomy.

By Leith van Onselen The banking royal commission interim report was scathing of mortgage broker commissions and the fact that loans written through mortgage brokers have tended to have higher leverage, more interest-only loans, higher debt-to-income and loan-to-value ratios, higher interest costs and an increased likelihood that borrowers will fall into arrears. Now, Australia’s mortgage broking

The post Mortgage broker parasites redouble attack on Hayne reforms appeared first on MacroBusiness.

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By John Haly The battle for climate change mitigation is euphemistically referred to as a “debate” amidst ideologically restrained political advocates that still think there are legitimate oppositional interpretations about it, to respect. When opinions replace facts in a “post-truth” world, the result may be that confusion and ideology reign inappropriately in society. The increasing occurrence amidst western nations…

The post A Climate of Opinion appeared first on The AIM Network.

By Leith van Onselen In the lead up to last year’s September General Election, the NZ Labour Party pledged that it would end negative gearing if it is elected. Now, the policy is nearing implementation, with The Treasury and Inland Revenue releasing a Regulatory Impact Statement (RIS) assessing the policy. The aim of the proposed law

The post NZ Labour also seeks to end negative gearing appeared first on MacroBusiness.

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Nexif reaches financial close on stage two of 212MW Lincoln Gap Wind Farm, near Port August in SA. The renewables hub will host the state’s third big battery, and possibly solar, too.

By Leith van Onselen The Australian’s Judith Sloan has continued her commendable attack against Paul Keating’s compulsory superannuation monster, describing it as “one of the costliest and most ineffective retirement models in the world”: Most people think Paul Keating has four children. In fact, he has five. The fifth is compulsory superannuation: super for short…

The post Keating’s superannuation monster is out of control appeared first on MacroBusiness.

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By Leith van Onselen With Sydney unit values down 6.5% since the June 2017 peak, according to CoreLogic: Buyers that purchased off-the-plan apartments near the peak of the boom are now sinking into negative equity and settlement risk is rising: Sydneysiders who snapped up off-the-plan apartments at the peak of the property boom are now

The post Off the plan Sydney buyers sink underwater appeared first on MacroBusiness.

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By Leith van Onselen The Property Council has commissioned modelling which shows that lowering immigration into NSW would boost real wages. From The SMH: The NSW economy could grow by $130 billion less over the coming decade if net migration to the state was halved, as has been called for by Premier Gladys Berejiklian… It

The post Property Council: Lower immigration would boost wages appeared first on MacroBusiness.

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