Blogotariat

Oz Blog News Commentary
Renew Economy Tuesday, June 11, 2019 - 13:05 Source

NSW government confirms cancellation of planned 200MW virtual power plant to cover costs of interest-free loans for solar, promised in the state election.

Read more Views: 33
MacroBusiness Tuesday, June 11, 2019 - 13:00 Source

By Leith van Onselen For years MB has explained why it does not support the proposed $120 billion High Speed Rail (HSR) line linking the major eastern cities of Brisbane, Sydney, Canberra and Melbourne, due to: The exorbitant cost associated with building and operating the rail line; Lack of population density to support the project;

The post High speed ponzi rail pivots into the regions appeared first on MacroBusiness.

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

Read more Views: 40
MacroBusiness Tuesday, June 11, 2019 - 12:29 Source

Vi NAB: Business conditions weakened further in the month and are now well below average – the key message remains that the private sector continues to lose momentum. The goods distribution industries (especially retail – which is clearly in recession) remain particularly weak, and manufacturing is not far behind. The services industries appear to be

The post NAB business survey sends economic warning appeared first on MacroBusiness.

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

Read more Views: 37
MacroBusiness Tuesday, June 11, 2019 - 12:15 Source

VIPs (read Chinese) gone: Trade war fallout?

The post Trade war slamming Star? appeared first on MacroBusiness.

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

Read more Views: 39
MacroBusiness Tuesday, June 11, 2019 - 12:00 Source

By Leith van Onselen The SMH reports that the NSW Berejiklian government has forgone almost $850 million in revenue in two years to help first-home owners enter the crashing property market: New figures show the share of first-time buyers purchasing homes in the NSW property market reached 25.3 per cent in April – double the

The post NSW Liberals sucker punch first home buyers appeared first on MacroBusiness.

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

Read more Views: 36
Renew Economy Tuesday, June 11, 2019 - 11:55 Source

Electric ute and SUV startup Rivian plans to install charging infrastructure in remote locations, and its EVs will also be able to share electrons.

The post Rivian electric utes will share power to cure range anxiety appeared first on RenewEconomy.

Read more Views: 45
Renew Economy Tuesday, June 11, 2019 - 11:51 Source

We put Hyundai's long-range electric Kona SUV to the test – and ask all the important questions – and find out?

The post Can an electric vehicle tow a caravan? appeared first on RenewEconomy.

Read more Views: 38
MacroBusiness Tuesday, June 11, 2019 - 11:45 Source

By Leith van Onselen Back in April, the Committee for Adelaide demanded that the appallingly low salary floor for ‘skilled’ migrants be lowered to reduce costs for business: Committee for Adelaide member and prominent migration agent Mark Glazbrook told parliament “a successful migration program… needs to be based on demand and it needs to be

The post SA Government pimps migrant slave special economic zone appeared first on MacroBusiness.

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

Read more Views: 42
Renew Economy Tuesday, June 11, 2019 - 11:34 Source

Colonial First State backs commercial solar plan to roll out up to 9MW of PV panels and 12MWh of battery storage across 15 major shopping centres.

Read more Views: 34
MacroBusiness Tuesday, June 11, 2019 - 11:30 Source

By Leith van Onselen Another report has come to light about how Victorians are being gouged by hidden infrastructure costs: Victorians are paying billions of dollars to a private consortium for a major road [Peninsula Link] that was contracted to be built for just $651 million nine years ago… Treasurer Tim Pallas was roads minister

The post Memo to The Age: Mass immigration equals expensive infrastructure appeared first on MacroBusiness.

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

Read more Views: 31
MacroBusiness Tuesday, June 11, 2019 - 11:15 Source

By Leith van Onselen The Australia Institute (TAI) has released new research estimating that the final stage of the Morrison Government’s unlegislated income tax plan, stage 3(a) will, over the five years after it is introduced in 2024-25, deliver a $33 billion benefit to those earning more than $180,000: Key findings: Those earning more than

The post ScoMo’s tax cuts massively regressive appeared first on MacroBusiness.

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

Read more Views: 28
MacroBusiness Tuesday, June 11, 2019 - 11:00 Source

Via The Telegraph: The Chinese tech giant Huawei was compared to the company that produced the lethal gas for Nazi extermination camps, as one of its executives was probed by MPs. John Suffolk, the company’s Global Cyber Security and Privacy Officer, left MP’s frustrated as he was accused of refusing to answer “simple questions” when

The post Huawei crucified in UK parliament appeared first on MacroBusiness.

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

Read more Views: 26
MacroBusiness Tuesday, June 11, 2019 - 10:45 Source

Shane Wright is doing a decent job at Domain recently. Today he peers into the anus of the services economy and does not like what he sees: According to the ATO, in 2016-17 (the last year for which there are a full set of figures), 360,000 firms used the [instant asset write-off] scheme with the

The post ATO probes anus of the services economy 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 BLOT REPORT Tuesday, June 11, 2019 - 10:30 Source

The post Noam Chomsky quote appeared first on THE BLOT REPORT.

Read more Views: 44
MacroBusiness Tuesday, June 11, 2019 - 10:30 Source

Via Banking Day: Bendigo Bank is among many lenders rationing any flow on from last week’s 25 basis point slice in the RBA cash rate. Better or badder at the big end of banking, Bendigo has reasons. On Friday Bendigo said it would decrease its variable interest rates by 0.20 per cent p.a. for all

The post Little banks hold back rate cuts 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, June 11, 2019 - 10:15 Source

There is no private sector growth left, which was nicely pointed out by Greg Jericho: Over the past year government consumption and investment contributed 1.4% points towards total GDP growth of 1.7%. That effectively means government spending accounted of 79% of GDP growth in the past year – a level only marginally below what happened

The post ScoMo mans the Keynesian pump appeared first on MacroBusiness.

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

Read more Views: 26
MacroBusiness Tuesday, June 11, 2019 - 10:00 Source

By Leith van Onselen A fortnight ago, The Australian’s Robert Gottliebsen ludicrously claimed that apartment prices across Sydney had surged by 10% in the wake of the Coalition’s shock 18 May election victory: The Chinese realise Australia’s outlook has changed and have created a surge of buying that has skyrocketed Sydney apartment prices by 10

The post Gottiboff: Apartment market to boom and bust simultaneously appeared first on MacroBusiness.

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

Read more Views: 32
MacroBusiness Tuesday, June 11, 2019 - 09:45 Source

So say some agent, at the AFR: The post-election housing euphoria has fizzled out into a state of “calm and caution”, with agents likening the market to a shaken can of Coke. “When you take a can a Coke, and shake it, it explodes and then starts to flatten out – that analogy is quite

The post Post-election property sizzle turns fizzle 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, June 11, 2019 - 09:30 Source

At the New Daily: Prime Minister Scott Morrison is under pressure to consider gas export limits to bring down power prices under a deal to secure the support of Centre Alliance for his tax cut package. Pensioners are also part of the negotiations, amid concerns seniors get little benefit from the $158 billion package and

The post Mirabile dictu: Centre Alliance demands gas reservation for tax cuts appeared first on MacroBusiness.

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

Read more Views: 37
MacroBusiness Tuesday, June 11, 2019 - 09:30 Source

By Chris Becker  The risk market complex started the week in fine form as backstops from the world’s central banks continue to inflate stocks in particular. Wall Street glided along on the Fed put and better relations with Mexico due to the tariff cancellations, with the USD firming slightly against the other major currencies. The

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: 35
MacroBusiness Tuesday, June 11, 2019 - 09:15 Source

Via Bill Evans at Westpac: As expected, the Reserve Bank Board decided to lower the cash rate by 25bps to 1.25%. This action is very much in line with Westpac’s forecast first set out on February 21, although it comes two months earlier than our original timeline. The basis for the RBA decision was “to

The post Bill Evans: Australian dollar to 0.66 cents as RBA keeps cutting appeared first on MacroBusiness.

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

Read more Views: 38
MacroBusiness Tuesday, June 11, 2019 - 09:00 Source

Iron ore prices for June 10, 2019: Spot up. Paper up more. Steel is struggling. Iron ore port stocks fell again last week to 121.6mt. The pace of decline has slowed marginally. Some are calling for $120 again: Amid the supply crunch, demand for iron ore could pick up again in the coming weeks, according

The post Daily iron ore price update (massive top) appeared first on MacroBusiness.

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

Read more Views: 32
The Tally Room Tuesday, June 11, 2019 - 09:00 Source

Jim Molan grabbed a lot of attention in the election for his quixotic attempt to be re-elected from the fourth spot on the NSW Liberal/National ticket, despite New South Wales having a relatively low rate of below-the-line voting.

He never came close to winning, but has polled over 100,000 votes, equalling about 2.6% of the vote, with a small number of votes yet to be allocated to individual candidates. It’s an impressive result (although the raw numbers are helped by him running in Australia’s largest state).

Read more Views: 45
Your Democracy Tuesday, June 11, 2019 - 06:54 Source

gun barrel

Something has rattled the uni. Ross Cameron, former MP, claims that Trump is the best mouse since sliced cheese. Should we let him speak in front of our malleable young kids polishing benches with their butt while they try to learn something?

read more

Read more Views: 10
MacroBusiness Tuesday, June 11, 2019 - 06:07 Source

DXY rebounded strongly overnight. EUR eased and CNY was belted: The Australian dollar was clubbed across the board: Gold sank: Oil too: Metals were better: Big miners were strong: EM stocks struggled: But junk is back big: Treasuries were sold: And bunds: Plus Aussie bonds: Stocks are cock-a-whoop again: The key data release on the

The post Australian dollar hammered as trade war morphs into good news appeared first on MacroBusiness.

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

Read more Views: 33
MacroBusiness Tuesday, June 11, 2019 - 00:21 Source

On one side is the security agencies and Australian Defence Force on the other is other departments and the Parliament and they are in a fight to do the death. Last week we saw an unprecedented raid on Newscorp after it released secret papers relating to a push by the Australian Signals Directorate (the ADF

The post Australia is at war with itself over China appeared first on MacroBusiness.

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

Read more Views: 43
John Quiggin Tuesday, June 11, 2019 - 00:18 Source

The term “globalization” came into widespread use in the 1990s, about the same time as Fukuyama’s End of History. As that timing suggests, globalization was presented as an unstoppable force, which would break down borders of all kinds allowing goods, ideas, people and especially capital to move freely around the world. The main focus was on financial markets, and the assumption was that only market liberal institutions would survive.

Read more Views: 45
MacroBusiness Tuesday, June 11, 2019 - 00:15 Source

By Leith van Onselen Friday’s Lending to households and businesses release from the ABS revealed that total mortgage lending (excluding refinancings) stabilised in April, but have tanked by 19% over the year in trend terms, driven by an epic 27% crash in investor commitments, whereas owner-occupied commitments also fell by 16%: As regular readers of

The post Stabilising housing finance a turning point for house prices? appeared first on MacroBusiness.

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

Read more Views: 44
MacroBusiness Tuesday, June 11, 2019 - 00:10 Source

Monetary madness is sweeping the Australian elite. Let’s start with Professor Warwick McKibbin, at the AFR: There is evidence internationally that well designed infrastructure, with a rate of return that is considerably higher than the cost of funding, increases private sector productivity. …There also needs to be a change in the monetary policy framework. Today inflation

The post Why the RBA should raise the inflation target to 5% appeared first on MacroBusiness.

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

Read more Views: 39
MacroBusiness Tuesday, June 11, 2019 - 00:08 Source

The Australian Government’s latest official temporary visa data revealed that international student numbers hit an all-time high 613,000 in the year to March 2019: The number of student visas on issue as at March 2019 were 77,000 (14%) higher than March 2018 and 285,000 (84%) higher than March 2013. This growth has been driven by

The post Why international student numbers are about to peak appeared first on MacroBusiness.

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

Read more Views: 40

Pages