Blogotariat

Prime Minister Scott
Morrison has been asked numerous times whether he tried to get his ‘mentor’,
Hillsong church ‘pastor’ Brian Houston an invitation to the Rose Garden soiree
at the White House, but each time he has refused to answer. The story was
initially reported in the US media (Wall Street Journal), but it took a while
for the Australian media to pick the story up. Initially Morrison stated that
he did not comment on gossip, but whenever else he has been asked, he has
refused to answer1. He has been asked by several journalists and by

DXY was a bit stronger last night as EUR fell: The Australian dollar didn’t care, bid higher versus DMs: And EMs: Gold was soft: Oil too: Metals were better: And big miners: Plus EM stocks: Junk spoiled the party: As Treasuries were sold: And bunds: Aussie bonds followed: Stocks still looked poised for breakout: Westpac

The post How far can the reflation rally carry the Australian dollar? appeared first on MacroBusiness.

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The NSW Office of State Revenue has released stamp duty data to September, which reveals a massive $1.59 billion (25%) decline over the past year and a $2.58 billion (35%) decline since stamp duty receipts peaked in September 2017: The slump in stamp duty receipts follows a sharp 22% decline in property transfers in the

The post Stamp duty crash wipes $2.6b from NSW Budget appeared first on MacroBusiness.

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Global Macro / Markets / Investing: US Federal Reserve starts “quantitative easing forever” – WSWS Saudi Arabia’s Best Bet Is to Crash the Price of Oil – Bloomberg Brexit Deal Failure Will Rattle Markets … – Stock Market News Global economy: ‘we must do everything possible’ to avoid global ‘fracture’ caused by US-China tensions, urges

The post Links 22 October 2019 appeared first on MacroBusiness.

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By 2353NM   Those that demonstrated around the world for ‘Extinction Rebellion’ recently have certainly been making headlines. Pity it is for the wrong reasons. On an intellectual level, their point is sound — unless there is meaningful and urgent efforts across the world to mitigate climate change, there is an environmental (and by inference economic)…

The post Protest tactics matter appeared first on The AIM Network.

First Chinese-made electric vehicles heading to Australia, offering new competition in lower to middle price points.

The post Is Australia about to get its first Chinese electric vehicle? appeared first on RenewEconomy.

Rooftop solar helps push operational demand to a new record low in the renewable state of South Australia.

The post Rooftop solar pushes South Australia grid demand to new record low appeared first on RenewEconomy.

A better than expected day on stock markets across Asia despite the poor lead from Wall Street on Friday night as the weakening in USD and co-ordinated volatility in currency markets abated on the Monday morning gap open. A lack of data throughout the session and later tonight is seeing some stability come back to

The post Macro Afternoon appeared first on MacroBusiness.

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IEA data smashes another renewables myth, showing that they account for a far smaller portion of global demand for minerals and metals than fossil fuels – particularly coal.

Distributed solar to be largest source of capacity additions in next five years, utility-scale PV, onshore wind and hydropower.

From Roy Morgan Research: Surveyed in September, Australians as a whole said they expected inflation to increase by 4% annually over the next two years. This is up very slightly (0.1%) on how they were feeling the previous month, but it is down a little (0.3%) on their expectations a year earlier. However there was

The post Inflation expectations collapse appeared first on MacroBusiness.

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By RosemaryJ36   I think we will all go to hell in a hand-basket, nor necessarily metaphorically speaking, if we cannot rapidly learn to distinguish between the relative merits of religion, ethics and morality. First – Religion: After all, despite the conviction of our current Prime Minister – miracles do not happen. I qualify that by…

The post Morality appeared first on The AIM Network.

Pig’s bottom, at the AFR: A Chinese state-owned entity will seek to revive a $9.7 billion mining rail and port project in Western Australia, in a move that could unlock the nation’s next iron ore export province. Sinosteel has acquired Japanese giant Mitsubishi’s interests in the long-stalled Oakajee Port and Rail project, in a deal

The post China about to launch new Pilbara development! appeared first on MacroBusiness.

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