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The Australian Independent Media Network Friday, March 15, 2019 - 11:41 Source

The fact that the Liberal Party consider John Howard some sort of elder statesman with great knowledge to impart, the fact that they wheel him out every election like he has some relevance to the contemporary electorate, shows just how bereft of ideas they are. The blame for pretty much every problem we have can…

The post If Australia is to move forward, we must dump the Howard legacy appeared first on The AIM Network.

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Renew Economy Friday, March 15, 2019 - 11:31 Source

Oakey becomes second new solar farm to join Queensland grid in past week, and last of the 12 ARENA-sponsored projects in its large scale solar round.

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MacroBusiness Friday, March 15, 2019 - 11:23 Source

Let’s do a little roundup of today’s economic pet shop starting with some terrible analysis from Deloitte at the New Daily: “Some downturns are big, and some are small,” said Geoff White, head of real estate at CoreLogic. “Usually, it’s driven by economic conditions, but in this case it’s more about credit. …During the GFC,

The post Phil Lowe, “blind Freddy could’ve told you things are going south” appeared first on MacroBusiness.

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MacroBusiness Friday, March 15, 2019 - 11:00 Source

By Leith van Onselen With Perth house prices falling for around 4.5 years, down nearly 18%: The number of West Australians seeking legal help because they can no longer pay their mortgage is on track to double last year’s record. From The West Australian: In January and February alone, 112 people sought help from Legal

The post Mortgage stress drives huge surge in legal aid claims appeared first on MacroBusiness.

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xkcd.com Friday, March 15, 2019 - 11:00 Source

Our grant application contains one of those little greeting card speakers that plays spaceship noises when you open it.

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MacroBusiness Friday, March 15, 2019 - 10:45 Source

The problem with being insane is that you become self-satirising. You’re own behaviour exits so far outside accepted norms that it becomes a comedic reassertion of the same. We had one recent example of this in the Scummo & Co defense of Paedo Pell. But that it small fry compared to today’s debacle as School Strike

The post Scummo’s loons declare war on climate kids appeared first on MacroBusiness.

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MacroBusiness Friday, March 15, 2019 - 10:30 Source

As the idiotic debate around new coal fired power stations goes on, there is finally some good news in the fight against the real culprit in utility price spikes, the gas cartel. Prices for utility scale solar plus storage are now at parity with gas powered electricity: Costs have been falling at 20% per annum,

The post Gas cartel is carbon taxing itself to extinction appeared first on MacroBusiness.

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The Australian Independent Media Network Friday, March 15, 2019 - 10:30 Source

Media Release A Daley Labor Government, if elected this month, will embark on an unprecedented $7.4 billion school building program. Labor is committed to building and upgrading 204 schools right across NSW as part of the largest investment in public schools in NSW history. NSW Labor Leader, Michael Daley, said it is part of Labor’s…

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MacroBusiness Friday, March 15, 2019 - 10:15 Source

Trying to save Josh Recessionberg in Kooyong, at The Australian: Julian Burnside, a wealthy barrister who has amassed a $20 million property portfolio including a Victorian mansion, multiple waterfront apartments in Melbourne­ and Sydney and a spectacular clifftop beach retreat, wants to end tax breaks for future investors. The property wealth of the Greens’ candidate for

The post Murdoch attacks Burnside property mogul appeared first on MacroBusiness.

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MacroBusiness Friday, March 15, 2019 - 10:15 Source

Trying to save Josh Recessionberg in Kooyong, at The Australian: Julian Burnside, a wealthy barrister who has amassed a $20 million property portfolio including a Victorian mansion, multiple waterfront apartments in Melbourne­ and Sydney and a spectacular clifftop beach retreat, wants to end tax breaks for future investors. The property wealth of the Greens’ candidate for

The post Murdoch attacks Burnside property mogul appeared first on MacroBusiness.

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MacroBusiness Friday, March 15, 2019 - 10:00 Source

From a UBS property round table yesterday: What we are seeing now is that apartments are increasingly out of the money. That’s where you get settlement issues. What’s happened to buyers now as they come to settlement, is bank valuations might come in 10 per cent or even 20 per cent below the contract price

The post Apartment market disintegrating appeared first on MacroBusiness.

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MacroBusiness Friday, March 15, 2019 - 09:45 Source

By Leith van Onselen University of Sydney professor, Peter Phibbs, claims the RBA’s Model of the Australian Housing Market proves that Airbnb is having a detrimental impact on the housing market. From The New Daily: “Airbnb spends a lot of time saying they have no impact on markets. What this paper shows is that they do,”

The post Professor: Airbnb distorting Australia’s rental market appeared first on MacroBusiness.

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The Tally Room Friday, March 15, 2019 - 09:44 Source

One of the most interesting features of this election is the radically increased significance of the party now called the Shooters, Fishers and Farmers.

The Shooters Party was founded in 1992 by John Tingle, who won a seat in the NSW upper house in 1995. The party has won a seat at every election since 2003, as well as winning seats in the Victorian and Western Australian upper houses since 2014 and 2013 respectively.

The party has gained ground at every state election in New South Wales since 2003, polling just under 4% in 2015.

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MacroBusiness Friday, March 15, 2019 - 09:30 Source

By Leith van Onselen MB has frequently questioned the efficacy of Sydney’s WestConnex toll road and tunnel project – the $17 billion 33 kilometre motorway under construction that is more expensive per kilometre than the Chanel Tunnel. This hideously expensive project will see existing free public roads like the state-owned M4 (that have already been paid

The post Will WestConnex gouge NSW taxpayers a second time? appeared first on MacroBusiness.

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MacroBusiness Friday, March 15, 2019 - 09:15 Source

The Economist tackles MMT today: That perspective is not always clear; there is no canonical mmt model. But there are some central ideas. A government that prints and borrows in its own currency cannot be forced to default, since it can always create money to pay creditors. New money can also pay for government spending;

The post Here’s a Black Swan for ya: Trump does MMT appeared first on MacroBusiness.

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Hoyden About Town Friday, March 15, 2019 - 09:13 Source

Hello, it’s been a while! I expect many may need to vent, although more substantive contributions are always welcome! As a starting point, here’s the results of GetUp’s survey for the Federal election coming up in May. If you...

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THE BLOT REPORT Friday, March 15, 2019 - 09:02 Source

It is difficult to know where to start with such a bumptious buffoon as archetypal combover Maurice Newman. He is completely out of his depth with climate science, and is from the idiotic end of the denialist spectrum (it’s all a conspiracy!)1. Not only doesn’t he understand science, let alone climate science, but he also doesn’t understand the implications of it for the future of his children or their children, if indeed he has any. In his latest piece in the Murdoch ‘newspaper’ The Australian, he is bemoaning the fact that children are striking for the climate, claiming that these children are pawns in a bid to undermine capitalism.

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MacroBusiness Friday, March 15, 2019 - 09:00 Source

Iron ore prices for March 14, 2019:   Spot still range trading. We still don’t know where it is going. Same for the broader ferrous complex. Yesterday’s Chines data suggested that a headwind is still developing in real estate with sales still falling year on year and starts beginning to catch down: That is, despite

The post Daily iron ore price update (more mud) appeared first on MacroBusiness.

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The Australian Independent Media Network Friday, March 15, 2019 - 09:00 Source

By Ad astra   Do you become as infuriated as I do at the sheer insolence of PM Morrison and his spokespersons when they feed us arrant nonsense about their policies, when they serve us up implausible readings of political events and the economy, when they treat us like mugs who will swallow anything they feed…

The post We’re not mugs, Scomo! appeared first on The AIM Network.

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MacroBusiness Friday, March 15, 2019 - 09:00 Source

By Chris Becker  US stocks stalled overnight as the USD firmed following another desperate night of Brexit drama which saw the UK Parliament ask for a delay, sending Pound Sterling down. It was new home sales data that rocked the risk appetite, while German and French CPI prints were on target but still muted. Looking

The post Macro Morning appeared first on MacroBusiness.

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Renew Economy Friday, March 15, 2019 - 06:27 Source

Greens battery policy would offer incentives of up to $7000 per battery, and up to double that for low-income households.

The post Greens unveil $2.2bn battery scheme, to bring home storage in line with solar appeared first on RenewEconomy.

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Poll Bludger Friday, March 15, 2019 - 00:22 Source

The BludgerTrack poll aggregate maintains its steady course overall, but with signs of the Greens losing ground.

The post BludgerTrack: 53.3-46.7 to Labor appeared first on The Poll Bludger.

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MacroBusiness Friday, March 15, 2019 - 00:15 Source

By Leith van Onselen The ABS released interesting household formation projections yesterday, which forecast a 50% increase in the number of households across Australia’s capital cities in the 25 years to 2042: As shown above, Melbourne is projected to lead household formation with a 63% increase; although it will be strong across the board with

The post ABS: Capital city households to increase 50% in 25 years appeared first on MacroBusiness.

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MacroBusiness Friday, March 15, 2019 - 00:15 Source

By Leith van Onselen The ABS released interesting household formation projections yesterday, which forecast a 50% increase in the number of households across Australia’s capital cities in the 25 years to 2042: As shown above, Melbourne is projected to lead household formation with a 63% increase; although it will be strong across the board with

The post ABS: Capital city households to double in 25 years appeared first on MacroBusiness.

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MacroBusiness Friday, March 15, 2019 - 00:12 Source

By Leith van Onselen In the week ended 14 March 2019, the CoreLogic 5-city daily dwelling price index, which covers the five major capital city markets, fell another 0.13%: Values fell across all major markets, except Perth: The quarterly decline has moderated slightly to 3.03%, with Sydney, Melbourne and Perth suffering heavy losses: Over the

The post CoreLogic weekly Australian house price update: Falls continue appeared first on MacroBusiness.

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MacroBusiness Friday, March 15, 2019 - 00:10 Source

CoreLogic has released research examining the current decline in Australian dwelling values versus prior episodes: At a national level, since 1980 there have been eight separate housing market downturns (as highlighted in the first chart). The current downturn which commenced after October 2017, has seen values fall by -6.8%. Although that may not seem like

The post CoreLogic: Worst capital city housing falls on record appeared first on MacroBusiness.

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MacroBusiness Friday, March 15, 2019 - 00:10 Source

Today I am in shock, which isn’t easy these days. Via the AFR comes the ASIC chief referencing post Hayne Royal Commission bank reform efforts: “I am still not convinced that there’s enough wherewithal and ownership by leaders of these financial institutions to actually finish the job,” Mr Shipton told the Australian Competition and Consumer

The post APRA must immediately ban ANZ’s new ponzi mortgages appeared first on MacroBusiness.

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MacroBusiness Friday, March 15, 2019 - 00:01 Source

Global Macro / Markets / Investing: When Elon Musk Tried to Destroy a Tesla Whistleblower – Bloomberg Amazon gets an edge with its secret squad of PhD economists – CNN How GE Built Up and Wrote Down $22 Billion in Assets – WSJ The Rise of Silicon Valley’s New Mafias – NY Times This Negative-Fee

The post Links 15 March 2019 appeared first on MacroBusiness.

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Renew Economy Thursday, March 14, 2019 - 23:23 Source

Northern Territory Labor government opens $2m grant scheme to help make councils more energy efficient and reduce costs to consumers and taxpayers.

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Renew Economy Thursday, March 14, 2019 - 23:16 Source

James Bond makes the move to all-electric mobility with a luxury, limited edition Aston Martin Rapide E.

The post 007 goes electric with Aston Martin Rapide E appeared first on RenewEconomy.

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