Blogotariat

Oz Blog News Commentary
MacroBusiness Wednesday, April 1, 2020 - 10:40 Source

Via the AFR: London-based James Aitken of Aitken Advisors says few central banks “had put in as much effort into understanding the plumbing of their own, not to mention the global financial system, as the RBA”. …”Under enormous pressure, their communications and guidance have been consistent and concise. Australians should be proud of the ongoing

The post Illiquid bond funds try it on at the RBA 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 Wednesday, April 1, 2020 - 10:20 Source

Via Ian Rogers at Banking Day: Immediately means in two months’ time, maybe, at Xinja Bank, in regard to a mooted capital injection by Dubai’s World Investments. The facts and storyline outlined one week ago surrounding the proposed investment of A$433 million by World Investments – in two stages – is proving malleable and problematic.

The post Why hasn’t APRA siezed Xinja Bank? appeared first on MacroBusiness.

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

Read more Views: 31
The Tally Room Wednesday, April 1, 2020 - 10:00 Source

The election results from Brisbane have been pretty messy so I haven’t tried to stay on top of all of it. At the moment it looks like Labor, the Greens and the independent have retained the 7 wards they currently hold and the LNP is leading in all 19 of their wards. There are three wards the ABC has listed as “in doubt” while we wait for some more concrete results and those are the three I’d be watching.

Read more Views: 26
MacroBusiness Wednesday, April 1, 2020 - 10:00 Source

Former deputy secretary of the Department of Immigration, Abul Rizvi, has launched a well thought out plan to extend emergency welfare support to the millions of temporary visa holders trapped in Australia without work: The JobKeeper Payment is a massive tourniquet for the Australian economy and society. But for over one million temporary entrants, the

The post Temporary visa migrants need emergency welfare support appeared first on MacroBusiness.

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

Read more Views: 23
MacroBusiness Wednesday, April 1, 2020 - 09:40 Source

The pre-nationalistion LMI sector has taken its first step towards public ownership, Via Banking Day: QBE has begun notifying home lenders that it has suspended mortgage insurance coverage for new loans taken out by home buyers employed in industries hard hit by the COVID-19 crisis. While the move reflects prudent risk management by the insurer

The post Lenders mortgage insurers quarantine virus-impaired 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 Wednesday, April 1, 2020 - 09:27 Source

It’s everywhere: USA State Total Cases New Cases Total Deaths New Deaths Active Cases Source New York 75,795 +8,470 1,550 +208 69,270 [1] [2] [3] [4] [5] [6] [7] [8] New Jersey 18,696 +2,060 267 +69 18,429 [1] Michigan 7,615 +1,117 259 +75 7,351 [1] [2] California 7,453 +205 149 +4 7,244 [1] Massachusetts 6,620 +868 89 +33 6,521 [1] [2] Florida 6,338 +634

The post My god, the US is headed for virus disaster 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 Wednesday, April 1, 2020 - 09:20 Source

In case you missed it, above is a must watch report from 60 Minutes Australia documenting how the Chinese Communist Party (CCP) deliberately hid the severity of the coronavirus outbreak in Wuhan, silenced whistle-blowers and then, via their negligence, exported the virus to the world. Below is also an excellent report on how the coronavirus

The post How China lied to the world and exported COVID-19 appeared first on MacroBusiness.

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

Read more Views: 21
THE BLOT REPORT Wednesday, April 1, 2020 - 09:04 Source

Adam Creighton, the supposed economics
editor of Murdoch’s The Australian, pontificated about the coronavirus pandemic,
in a tweet, in which he said:

“This deliberate economic and social catastrophe is
unnecessary. It will tear us apart for a generation. 18 dead. Why not
quarantine the elderly, stop travel, keep people in work and avoid economic
collapse?”

Read more Views: 25
MacroBusiness Wednesday, April 1, 2020 - 09:00 Source

By Chris Becker  So the first quarter of 2020 is over – doesn’t it feel like a year already? Stocks did their usual reshuffle overnight as end-month/end-quarter rebalancing saw more bond purchases, pushing Treasury yields down to more record lows, while currency markets were again relatively stable with some commodity proxies sliding back a little

The post Macro Morning 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, April 1, 2020 - 09:00 Source

Iron ore prices for March 31, 2020: Spot is still holding. Paper too. Steel prices are only eroding slowly. Port stocks of iron ore fell to 121.7mt. I have explined before why it is not that unreasonable that iron ore prices have held up given various supply restrictions. The real miracle is Chinese steel prices.

The post Daily iron ore price update (the miracle) 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 Wednesday, April 1, 2020 - 08:30 Source

Funny stuff: That gives you some idea of how runiously thin is Australia’s contemporary industrial base. Full report.

The post Panic food buying booms PMI 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 Wednesday, April 1, 2020 - 06:57 Source

DXY was up and about last night: The Australian dollar reversed down smartly: Gold was bashed: Oil is clinging to $20: Dirt sees some kind of bottom: Miners too: EM stocks fell: Junk rolled: Bonds were soft: Stocks too: The US is now being ravaged by the virus both medically and economically. Goldman sees a

The post Australian dollar bashed anew as virus ravages US appeared first on MacroBusiness.

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

Read more Views: 22
The Australian Independent Media Network Wednesday, April 1, 2020 - 06:00 Source

There was a time in this country when government took advice from public servants. You know, those who work for the government in their specialised fields and offer independent advice. One would think that advice from these people who diligently and independently gather all there is to know on a given subject, and then without…

The post A government trying to fix everything while they’re not even working appeared first on The AIM Network.

Read more Views: 26
MacroBusiness Wednesday, April 1, 2020 - 00:10 Source

Last week, the Morrison Government announced that it would allow cash strapped Australians that have lost their jobs to access up to $20,000 in savings from their superannuation fund. It is anticipated that the measure will lead to withdrawals of between $27 billion to $60 billion, which has prompted calls from industry superannuation funds for

The post Industry superannuation funds plead for liquidity support appeared first on MacroBusiness.

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

Read more Views: 27
MacroBusiness Wednesday, April 1, 2020 - 00:01 Source

Global Macro / Markets / Investing: The people running the world’s biggest companies have no idea what’s going to happen, either – VOX Global Stocks Fall as Oil Dips Below $20 – StockMarket News The US is set to lose its spot as world’s top oil producer – CNBC IMF officially declares global economic recession

The post Links 1 April 2020 appeared first on MacroBusiness.

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

Read more Views: 24
The Australian Independent Media Network Tuesday, March 31, 2020 - 21:33 Source

“I am your Prime Minister. I am the elected leader of the Australian people. It has been said, and said many times over, that we do indeed, now, because of COVID-19, live in unprecedented times. The political divide that has riven our country for the last decade must end now. No more is there room,…

The post The speech we need, but will never hear … appeared first on The AIM Network.

Read more Views: 29
The Australian Independent Media Network Tuesday, March 31, 2020 - 20:00 Source

As draconian lock-downs, punitive regimes and surveillance become the norm of the coronavirus world, Sweden has treaded more softly in the field. This is certainly in contrast to its Scandinavian cousins, Denmark and Norway. The rudiments of a life uninterrupted generally remain in place. Cafes, restaurants and shops, for the most part, remain open and…

The post The Swedish Alternative: Coronavirus as a Grand Gamble appeared first on The AIM Network.

Read more Views: 32
Your Democracy Tuesday, March 31, 2020 - 19:51 Source

mabel

The Federal Government has struck a deal with the country's 657 private hospitals, giving the Commonwealth access to another 34,000 hospital beds to help tackle the coronavirus crisis.

read more

Read more Views: 31
The Australian Independent Media Network Tuesday, March 31, 2020 - 19:00 Source

By 2353NM   Apart from the creation of a futures market in toilet paper, pasta and rice, the Coronavirus may also have a few positive political effects here and overseas. Firstly, the messaging from the government regarding protection of you and those around you seems to be based on the recommendations from the medical community. Yes,…

The post The chickens are coming home to roost appeared first on The AIM Network.

Read more Views: 27
John Quiggin Tuesday, March 31, 2020 - 17:31 Source

I got a message from a student asking about examples of renationalisation in Australia. Here’s my response

There hasn’t been much explicit renationalisation of business enterprises in Australia. What we have seen is

Read more Views: 32
MacroBusiness Tuesday, March 31, 2020 - 16:30 Source

A volatile day for local stocks while other Asian bourses were very unsteady following the broad gains on Wall Street overnight. We’re still in bear market territory, so oscillations of this kind are not to be unexpected. USD firmed against Yen but both Kiwi and Aussie remain resilient while gold slipped a little in late

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: 32
John Quiggin Tuesday, March 31, 2020 - 16:22 Source

I was asked by a journalist about the long-term fiscal effects of the government response to the crisis. Here’s what I said

Read more Views: 30
John Quiggin Tuesday, March 31, 2020 - 15:41 Source

Another recent piece, this time in Inside Story. Opening paras

Read more Views: 36
John Quiggin Tuesday, March 31, 2020 - 15:36 Source

I forgot to link to this piece in The Conversation when it came out a week ago. Unlike much of what I’ve written lately, it hasn’t been overtaken by events.

Read more Views: 35
Renew Economy Tuesday, March 31, 2020 - 15:10 Source

genex kidston solar farm jemalongGenex begins construction of 50MW Jemalong solar project in western NSW, and expects no ill-effects from Covid-19.

Read more Views: 37
MacroBusiness Tuesday, March 31, 2020 - 15:00 Source

Via Goldman: “After a swift 18% rally [last week], the most common investor question was ‘has a new bull market started ?’” Goldman analysts, led by David Kostin, wrote. “Strategically, we continue to expect the S&P 500 SPX, +3.35% will rise to 3,000 by year’s end,” they added. “Tactically, however, we believe it is likely that the market

The post Goldman: Don’t buy stocks now appeared first on MacroBusiness.

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

Read more Views: 30
MacroBusiness Tuesday, March 31, 2020 - 14:40 Source

The situation has gone from bad to worse for Foxtel. With sporting events cancelled across the globe, including Foxtel’s signature AFL and NRL 2020 seasons, customers have flooded the service seeking to cancel their subscriptions. Foxtel has tried desperately to push back against the tide, offering heavily discounted packages, but it appears to be losing

The post The pitchforks come out for Foxtel appeared first on MacroBusiness.

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

Read more Views: 32
Renew Economy Tuesday, March 31, 2020 - 14:40 Source

GCL System Integration is planning to build what would be the world’s largest solar PV module factory, capable of producing 60GW of solar panels each year.

The post World’s largest solar PV module factory planned for China appeared first on RenewEconomy.

Read more Views: 30
Renew Economy Tuesday, March 31, 2020 - 14:38 Source

electricity network coag energy councilAre households, commerce and industry in Queensland and Tasmania responding differently to Covid-19 to those in New South Wales, Victoria and South Australia?

Read more Views: 30
MacroBusiness Tuesday, March 31, 2020 - 14:23 Source

First, Australia: We have begun to flatten the virus curve. The problem is, we’re still in Summer! As the lockdown proceeds to work, the pressure to open up will grow and we likely will in a month or so. Then we’ll be Winter and the virus will explode into a second peak. Unless we’re very

The post Australia is flattening the virus curve appeared first on MacroBusiness.

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

Read more Views: 26

Pages