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Renew Economy Tuesday, November 29, 2022 - 10:59 Source

project energyconnect transgrid

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The Australian Independent Media Network Tuesday, November 29, 2022 - 09:59 Source

It’s sort of interesting that just a few days ago we had the conservative side of politics telling us that they didn’t have a position on the Voice because they didn’t have enough detail. Now, according to Nationals muppet, David Littleproud, there’s enough detail to announce that they’ll being opposing it. Ok, I shouldn’t be…

The post Nats Vote No OR When You’re Standing At The North Pole Everything Is South. appeared first on The AIM Network.

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MacroBusiness Tuesday, November 29, 2022 - 09:40 Source

Poor risk sentiment is dominating the start of the new trading week with Wall Street putting in a quite negative session overnight on more Fed hawkishness and the developing COVID situation in China. European shares also took a hit despite falling energy prices as it heads into a worrisome winter. The USD came back hard

The post Macro Morning appeared first on MacroBusiness.

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Your Democracy Tuesday, November 29, 2022 - 09:33 Source

Should the Dutch Court decision on the downing of Malaysian airliner MH 17 set a precedent for the trial of weapons suppliers? 

On November 17, the District Court of The Hague found Igor Girkin, Sergey Dubinskiy and Leonid Kharchenko, guilty of contributing to the downing of Malaysian Airways flight MH17 and the murder of all 298 individuals on board. 

 

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MacroBusiness Tuesday, November 29, 2022 - 09:20 Source

DXY is off the lows: AUD was bashed across the board: Oil too. It looks stuffed: Base metals less so but good luck with that if oil breaks: Big miners are clinging to the iron ore wild thing: EM stock rebound done? Still hope in junk: US curve inversion can’t find a shade of crimson

The post Australian dollar bashed as Fed pulls the rug appeared first on MacroBusiness.

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Renew Economy Tuesday, November 29, 2022 - 09:00 Source

209MW Murra Warra Wind Farm in Western Victoria

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THE BLOT REPORT Tuesday, November 29, 2022 - 08:54 Source

While many people steer clear of Twitter for various reasons, some of which are due to the mainstream media’s constant whining about how it is a ‘sewer’. This is mainly because there are some people on Twitter who consume the mainstream media intently, and they are so experienced that they can spot bullshit very easily, and are not afraid to call it out, often directly to the journalists who spout the said bullshit. As so many of these journalists seem to have fragile egos they often characterise this criticism as ‘abuse’. It is female journalists and others who receive most of the real abuse.

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The Tally Room Tuesday, November 29, 2022 - 07:30 Source

Ben is joined by William Bowe from the Poll Bludger to discuss the results of the Victorian state election.

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Renew Economy Tuesday, November 29, 2022 - 06:40 Source

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MacroBusiness Tuesday, November 29, 2022 - 00:10 Source

Reserve Bank of Australia (RBA) governor, Phil Lowe, told Monday’s Senate Economics Legislation Committee in Canberra that wages won’t rise unless productivity increases: “We’ve got to deliver you 2.5% inflation. It would be fantastic if we could deliver you growth in real wages of 1% or 2% a year but… if we are going to

The post Wage rises need more than productivity growth appeared first on MacroBusiness.

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MacroBusiness Tuesday, November 29, 2022 - 00:05 Source

Reserve Bank of Australia (RBA) governor, Phil Lowe, told Monday’s Senate Economics Legislation Committee in Canberra that Australia’s rents will continue to soar in 2023 on the back of strong immigration, and that this will put upward pressure on inflation: “The other supply side issue we are focused on is the supply of housing, because

The post RBA warns on rental price inflation appeared first on MacroBusiness.

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MacroBusiness Tuesday, November 29, 2022 - 00:01 Source

Global Macro / Markets / Investing: 9 ways the circular economy can help avert the climate crisis – Green Biz Meet the Man on a Mission to Expose Sneaky Price Increases – NY Times Weather is again determining economic outcomes – The Economist Will the strong dollar trigger a global recession? – The Hill Americas:

The post Links 29 November 2022 appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, November 28, 2022 - 18:00 Source

By 2353NM   Prior to becoming President, Joe Biden was a US Senator for around 36 years. He is known as Amtrak Joe as he routinely took the daily 90 minute each way train trip (on the USA’s national passenger train network – Amtrak) from his home in Delaware to Washington DC to represent his state.…

The post Was Amtrak Joe derailed? appeared first on The AIM Network.

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MacroBusiness Monday, November 28, 2022 - 17:00 Source

Asian stock markets are starting the new trading week in a bad position, reacting to the growing COVID protests in China. The USD is regaining some strength against the currency majors with some significant gap downs over the lack of weekend trade, with Euro breaking below the 1.04 level while the Australian dollar was down

The post Macro Afternoon appeared first on MacroBusiness.

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MacroBusiness Monday, November 28, 2022 - 14:30 Source

According to the Real Estate Institute of New Zealand’s (REINZ) House Price Index, New Zealand house prices have declined nearly 13% from their November 2021 peak. Corelogic property economist, Kelvin Davidson, believes the Reserve Bank’s uber aggressive monetary tightening, which has lifted the official cash rate (OCR) to 4.25%, means that house prices and sales

The post New Zealand in “serious property downturn” appeared first on MacroBusiness.

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MacroBusiness Monday, November 28, 2022 - 14:00 Source

An annual survey from the Governance Institute of Australia has seen Australia slide further down the The Ethics Index, from 52 in 2020 to 45 last year, and now 42 this year: Australia’s ethical score has taken a tumble, falling for the second year in a row, Governance Institute of Australia’s Ethics Index 2022 has

The post Australia tumbles down ethics index appeared first on MacroBusiness.

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MacroBusiness Monday, November 28, 2022 - 13:30 Source

CoreLogic has released data showing explosive growth in unit rents amid strong arrivals of international students and migrants. As shown in the next chart, unit rents are tracking at more than 12% across Melbourne (13.7%), Sydney (13.4%), Brisbane (13.1%) and Adelaide (12.4%): This has come off a continued decline in the nation’s rental vacancy rate,

The post Unit rents explode as migrants pour in appeared first on MacroBusiness.

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Renew Economy Monday, November 28, 2022 - 13:27 Source

wind turbine blades Acciona

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MacroBusiness Monday, November 28, 2022 - 13:00 Source

Deutsche with a handy backgrounder. The US takes a new step in the US-China chip rivalry Last week, the seventeenth meeting of the G20 summit was held in Bali, Indonesia. Although the mood between the US and China at the meeting was relatively amicable, it was only recently that the US toughened its stance on

The post Inside the US chip war on China appeared first on MacroBusiness.

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MacroBusiness Monday, November 28, 2022 - 12:30 Source

The deal with independent senator David Pocock to pass Labor’s Secure Jobs, Better Pay Bill will lead to an annual independent review of JobSeeker, with recommendations to be made before every budget: [Labor] agreed to set up a “statutory advisory committee” to review ways to boost “economic inclusion”. It will look at “the adequacy of

The post JobSeeker to receive annual independent review appeared first on MacroBusiness.

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MacroBusiness Monday, November 28, 2022 - 12:27 Source

The Australian Bureau of Statistics (ABS) has released retail sales figures for October, with turnover down 0.2% over the month – the first monthly decline of 2022: Commenting on the result, ABS head of retail statistics, Ben Dorber, noted that “the October fall in retail turnover ends a run of nine straight monthly rises and

The post Aussie retail sales down as interest rates bite appeared first on MacroBusiness.

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Renew Economy Monday, November 28, 2022 - 12:24 Source

green gravity storage

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MacroBusiness Monday, November 28, 2022 - 12:00 Source

The latest from BofA’s excellent Michael Hartnett. Year Ahead 2023: we stay bearish risk assets in H1, set to turn bullish H2 as narrative shifts from inflation and rate ‘shocks’ of ’22 to recession and credit ‘shocks’ in H1’23; long bonds H1…hard landing, long stocks and bonds H2…peak Fed; maintain SPX nibble at 3.6k, bite

The post Hartnett: Bonds not stocks appeared first on MacroBusiness.

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MacroBusiness Monday, November 28, 2022 - 12:00 Source

The latest from BofA’s excellent Michael Hartnett. Year Ahead 2023: we stay bearish risk assets in H1, set to turn bullish H2 as narrative shifts from inflation and rate ‘shocks’ of ’22 to recession and credit ‘shocks’ in H1’23; long bonds H1…hard landing, long stocks and bonds H2…peak Fed; maintain SPX nibble at 3.6k, bite

The post Hartnett: Bonds not stocks appeared first on MacroBusiness.

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MacroBusiness Monday, November 28, 2022 - 11:40 Source

Governor of the Reserve Bank of Australia (RBA), Phil Lowe, has finally apologised for the Bank’s bungled guidance on interest rates, which told Australians that the official cash rate (OCR) would not be lifted “until 2024 at the earliest”. Appearing before the Senate Economics Legislation Committee in Canberra, Lowe was asked by Greens Treasury spokesman

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MacroBusiness Monday, November 28, 2022 - 11:20 Source

It’s an economic urban myth. Australia could be Argentina if gets its policy settings wrong. Usually, it is bandied about by those on the end of policy changes that will cost them money. Today we get it from gas cartelier ConocoPhillips: There has been a lot of noise recently about price-caps and windfall profits tax

The post Gas cartel pumps more Argentina hot air appeared first on MacroBusiness.

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Your Democracy Monday, November 28, 2022 - 11:08 Source

A different election, but a familiar result.

Despite grand predictions of a Labor retreat, the government has maintained a strong majority in the Victorian parliament.

Questions of integrity and the premier's popularity dominated the hostile campaign period, but Labor stuck to its policy guns — it went directly to voters and worried less about the media.

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MacroBusiness Monday, November 28, 2022 - 11:00 Source

Chris Joye has cross-referenced the looming fixed-rate mortgage reset with RMBS data on discretionary spending budgets and the outcome is shocking. Joy finds that: More than half of all borrowers will see their discretionary budgets fall 20-100%. 23% of all borrowers will see discretionary budgets plunge 60-100% and around one-third by 40-100% 15% will have

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MacroBusiness Monday, November 28, 2022 - 11:00 Source

The Secure Jobs, Better Pay Bill is set to pass the Senate after the federal government struck a deal with independent senator David Pocock following lengthy negotiations. Pocock has secured a number of concessions, including an increase in the threshold for small businesses to be exempt from multi-­employer bargaining ­from 15 employees to 20. The

The post Crossbench reshapes Labor’s IR bill appeared first on MacroBusiness.

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John Quiggin Monday, November 28, 2022 - 10:48 Source

Another Message Board

Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.

I’ve moved my irregular email news from Mailchimp to Substack. You can read it here. You can also follow me on Mastodon here

I’m also trying out Substack as a blogging platform. For the moment, I’ll post both at this blog and on Substack.

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