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MacroBusiness
Thursday, January 23, 2020 - 10:30
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And it ain’t pretty. The Aussie bond market boom is back with more 2020 highs (yield lows): It has steepened a little since last year, but the curve is still inverted out to the five year indicating weak growth at best and high recession risk for years ahead: In turn, this has spreads falling versus The post Bonds, not stocks or houses, are pointing to Australia’s future appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
The Australian Independent Media Network
Thursday, January 23, 2020 - 10:11
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The politics of envy has been raising its ugly head again. Some of the poorer sporting clubs who didn’t get grants are complaining about various well-off clubs being given large sums to complete various works. I’m sick of these poor types complaining just because they haven’t got enough money to buy their own politicians. And,… The post Taking Politics Out Of Climate Change Research – Twiggy Forrest To The Rescue appeared first on The AIM Network. |
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MacroBusiness
Thursday, January 23, 2020 - 10:00
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It’s reeling from bushfires, via The Australian: Hoteliers and tourism executives say the “worst summer on record” has cost the nation $2bn and could wipe a further $4.5bn from the industry, as Tourism Australia unveils the first part of its multi-layered bushfire rescue package. Domestic tourism has been hit by the fires and subsequent hazardous The post Australian tourism is about to be crushed appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
The Australian Independent Media Network
Thursday, January 23, 2020 - 09:53
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A quick scan of today’s news paints a very sorry picture of a callous, incompetent, ideologically-driven, and arguably corrupt, government. Aboriginal youth are being detained at a rate of more than 20 times that of non-indigenous young people in the justice system. There is rising unmet demand in Australia for accommodation for people who are… The post The consequences of a callous, incompetent government appeared first on The AIM Network. |
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MacroBusiness
Thursday, January 23, 2020 - 09:50
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Via News: Australia’s real estate market has turned. And Sydney is it strongest part. This is what we’ve been told. This is what the data tells us. But a new map has revealed the truth is more complicated. Sydney is not just one market. Like the stock market, it has parts that are going well The post Sydney property prices are going stall appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Thursday, January 23, 2020 - 09:30
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We’ve been warning that Recessionberg is lying about infrastructure (as well as a lot of other stuff). This is plain in the construction PMI which has recorded a huge engineering bust: Now the truth is hitting profits. From Downer just now: Expect more from others exposed to the east coast. The post Downer warns as engineering bust spreads appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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Renew Economy
Thursday, January 23, 2020 - 09:19
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MacroBusiness
Thursday, January 23, 2020 - 09:00
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Iron ore price charts for January 22, 2020: Everything ended roughly stable again after falling in the morning. Reuters has texture: “People are becoming increasingly worried about this virus outbreak, which may disrupt many businesses,” said Richard Lu, senior analyst at commodity consultant CRU Group’s Beijing office. The virus has spread from the central Chinese The post Daily iron ore price update (hysteria) appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Thursday, January 23, 2020 - 09:00
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By Chris Becker European markets fell overnight as Wall Street barely eked out a scratch session, while the bond market and USD went nowhere in a hesitant fashion across the risk complex. The Canadian Loonie fell smartly on the release of the soft CPI data while Pound Sterling lifted on a spike in UK business The post Macro Morning appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Thursday, January 23, 2020 - 08:05
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It’s increasingly likely that China is going to have to rerun its draconian SARS episode to stop the new coronavirus. The spread is exploding, via the ABC: There are now 544 cases of novel coronavirus reported across China, with 17 confirmed deaths — almost double that reported a day earlier — according to reports in The post China begins to shut as coronavirus explodes appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Thursday, January 23, 2020 - 07:30
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DXY eased overnight: The Australian dollar was hopsitalised across the board: Gold hung on: Oil gave in: As did metals: Miners only care about iron ore: EM stocks bounced: But junk is signalling possible trouble: Treasuries were bid: Bunds too: Aussie most: Stocks to the moon again: Westpac has the data wrap: Event Wrap UK’s firm The post Australian dollar hospitalised as virus crisis grows appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Thursday, January 23, 2020 - 00:10
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CoreLogic has released its latest Pain & Gain Report, which reveals that more than one-in-five apartments were sold at a loss across Australia’s capital cities over the September quarter: As you can see, nearly one-in-ten detached houses also sold at a loss across the combined capitals. As shown below, losses are especially high across Perth The post Bust continues with one in five apartments sold for a loss appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Thursday, January 23, 2020 - 00:05
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The Department of Education’s latest international student statistics, which are current to October 2019, shows a continued expansion in international student enrolments across Australia’s educational institutions. There were 918,000 international students enrolled across Australia as at October 2019, an increase of 9.8% from the same time in 2018 and up an extraordinary 83% since 2013: The post International student deluge approaches one million appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Thursday, January 23, 2020 - 00:01
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Global Macro / Markets / Investing: Leaders at Davos doubt China and US will reach a phase 2 trade deal by end of Trump’s term – CNBC Investors Worry More About US Election Than Trade – Stock Market News The technological revolution can worsen inequality in the world – Economo The smart home of the The post Links 23 January 2020 appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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The Australian Independent Media Network
Wednesday, January 22, 2020 - 21:49
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On Australia Day 2020 I intend to sit that one out, preferably out in the bush somewhere, as far away from the flag-waving and nationalistic hype as I can possibly get. I find the whole charade sickening. It is not that I have anything against the existence of an Australia Day as such. A stipulated… The post Australia Day 2020 … Boycott! appeared first on The AIM Network. |
MacroBusiness
Wednesday, January 22, 2020 - 17:00
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Markets in Asia have rebounded having absorbed the Chinese virus fears with a sea of green across stocks and European/US futures looking bullish. Chinese stocks have moved higher in solid reversals, with the Shanghai Composite rising nearly 0.4% to close at 3063 points, while the Hang Seng Index arrested its very sharp fall from yesterday, The post Macro Afternoon appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Wednesday, January 22, 2020 - 16:45
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Australia’s retail apocalypse continues, with German giant Kaufland announcing an “orderly withdrawal” from Australia despite sinking more than half a billion dollars of investment: The company had been set to open as many as 30 stores in Australia and had bought a number of warehouse and retail locations around the country… In June last year The post Retailpocalypse continues as Kaufland abandons Australia appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Your Democracy
Wednesday, January 22, 2020 - 16:44
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The Australian Independent Media Network
Wednesday, January 22, 2020 - 16:00
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By Dr George Venturini Racial harmony is more than anything else an aspiration, given the present condition of minorities in Australia. Ghali Hassan has frequently written about the difficulty encountered by Australian of the Muslim faith, often demonised despite or perhaps because they form a small community: 2.6 per cent. Muslim identity, of course, is… The post Comedy without art (part 5) appeared first on The AIM Network. |
Renew Economy
Wednesday, January 22, 2020 - 15:47
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Renew Economy
Wednesday, January 22, 2020 - 15:19
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Renew Economy
Wednesday, January 22, 2020 - 14:23
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MacroBusiness
Wednesday, January 22, 2020 - 14:00
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Off to Hawaii you go. The post Ever wanted Australia to burn? Try the Scomosimulator! appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Wednesday, January 22, 2020 - 13:40
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More evidence has emerged that Black Friday dampened Christmas retail sales, with NAB’s Cashless Retail Sales Index recording an annual rise in November followed by a decline in December: Our data mapping suggests that the ABS retail trade measure will fall 0.1% m/m in December. The ABS printed a 0.9% gain in November, while we The post More evidence Black Friday has slain Santa appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Wednesday, January 22, 2020 - 13:20
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The controversies surrounding the Victorian Labor Government’s $6.7 billion West Gate Tunnel continue to pile up. By way of background, the project was inked in late-2017 when Premier Daniel Andrews signed a shady deal with Transurban to build the project, which would see Transurban contribute $4.4 billion towards the cost in exchange motorists paying $15 The post Dan’s dodgy West Gate Tunnel beseiged by scandal appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Wednesday, January 22, 2020 - 13:18
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The bond boom is back: Driving equrites higher as China updates us on its new plague: 440 cases with 9 deaths so the 2% mortality rate continues; lot’s of new measures to contain Wuhan but what about everywhere else? It’s still going to damned near impossible to contain the virus during the holiday season. Economic The post Bonds boom as coronavirus deteriorates appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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Renew Economy
Wednesday, January 22, 2020 - 13:08
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Renew Economy
Wednesday, January 22, 2020 - 13:07
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MacroBusiness
Wednesday, January 22, 2020 - 13:00
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Robert Gottliebsen has just gotten off the blower with High-rise Harry Triguboff, who is smitten by the resurgent Sydney property bubble: A jubilant Harry Triguboff, who dominates the Sydney apartment market, called last night to say: “What makes me so happy is that the Reserve Bank has dropped its interest rates to 0.75 per cent The post Gottiboff kicks off property bubble spruik season appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Wednesday, January 22, 2020 - 12:40
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Sure looks like it: I’ve so far been wrong on the stock but the iron ore outlook is not improving as FMG reaches for the stars, up 3% today: 58% is already heavily discounting; the base case is the three majors are returning 40-50mt this year; Chinese property is slowing; Coronavirus! A SARS-like shock will The post Does Fortescue mine virus cures? appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Tesla trades as $US100bn company for first time on Tuesday as Musk unlocks $US346 million payday and new settlement allows sales in Michigan, home of "big three" automakers
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As more renewables investors plead with AEMC to change "detrimental" marginal loss factor methodology, incumbents say they're happy with the status quo.