Blogotariat

By Leith van Onselen Earlier this month, Dr Bob Birrell and Dr Ernest Healy from The Australian Population Research Institute (APRI) published an excellent report explaining the deleterious impact Australia’s mass immigration ‘Big Australia’ policy has had on housing affordability in Sydney and Melbourne. Now, Bendan Coates, research fellow at The Grattan Institute, has admitted that mass

The post Grattan: Mass immigration has locked Aussies out of housing appeared first on MacroBusiness.

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Via S&P: Negative Rating Bias Skewing Toward Stable Despite Downside Risks The ratings outlook bias for the pool of Asia-Pacific financial institutions that S&P Global Ratings rates has skewed toward stable during the second quarter ended June 30, 2018. However, downside risks remain, particularly regarding the possible emergence of a lower-probability negative scenario with a

The post S&P reiterates negative ratings outlook for Aussie banks appeared first on MacroBusiness.

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Australian steel giant BlueScope turns to solar to help power its Port Kembla Steelworks, signing a 7-year power purchase agreement to take the bulk of the output from the 133MW Finley Solar Farm to be located 100km west of Albury.

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Iron ore prices for July 19, 2018: Spot up. Paper down. Steel firm. We’re still in the equilibrium. History is repeating for miners. We already have BHP, RIO, FMG and Vale all investing heavily in high grade output. Now India joins them, from Creamer’s: Information and data sourced from industry indicate that overseas shipment and

The post Daily iron ore price update (history repeats) appeared first on MacroBusiness.

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If you haven’t already, watch Steven Bannon on Trump and China. It is very important that you do so: Readers will know that although I disagree on many things with Steve Bannon, China is not one of them. But I’m going to put aside the debates about whether this is right or wrong today. What matters

The post Australia is now the worst placed investment on the planet appeared first on MacroBusiness.

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By Leith van Onselen Australian Finance Group (AFG) has released its housing finance data for the June quarter, which registered a seasonal quarterly rise in the number of mortgage applications, but with applications falling heavily over the year. The number of mortgage applications rose by a seasonal 4.2% over the March quarter but was down

The post Investor mortgage applications crunched appeared first on MacroBusiness.

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This episode of MB Fund Economist Leith Van Onselen and Strategist David Llewellyn-Smith join Damien Klassen and Tim Fuller as they deconstruct the Australian Housing Market. The webinar covers: the state of housing markets nationally today; a deep dive into Sydney; a deep dive into Melbourne; scenarios and policy responses; investment implications. Enjoy below: Take

The post The boom and bust of Australian property appeared first on MacroBusiness.

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Some nice charts via Vertical Group (which is an MB client in case you’re wondering): While many have attributed the resilience in China’s steel prices this year to Xi Jinping’s “supply-side reform magic”, we believe a much more basic measure is at play. More specifically, we believe that as external pressures began growing last year, intensifying

The post How far can China’s latest property bubble up carry it? appeared first on MacroBusiness.

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At Chicago Booth, there is a panel of famous economists who are posed various economics forecasting and policy questions and you can see which way the economic winds are blowing. The IGM Panel has been running successfully for a few years now.

A strong unemployment print locally buoyed Aussie stocks as the rest of Asia sold off on the back of a much lower Yuan while the BOJ tapers its bond buying program. The Japanese are also wary given the growing trade surplus with the US, with Wall Street confidence also to be tested later tonight as

The post Macro Afternoon appeared first on MacroBusiness.

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    Longman is a federal electorate in Brisbane’s north held since the 2016 election by Susan Lamb for Labor. Lamb was born in Mackay, Queensland of a British father and Queensland born mother. Her own legal advice confirmed that she obtained British citizenship by descent at birth. So, she applied to renounce her British…

The post The Longman By-Election appeared first on The AIM Network.

“A fragment does not give us that continuously changing truth … ” (Anais Nin). We now live our lives in fragments. Small moments of awareness, like a penny peep-show of old. Wisdom and knowledge in photo-ops and literary grabs of no more than a thousand words … written in a witty and evocative hand. Hinting…

The post Descend into darkness … appeared first on The AIM Network.