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Renew Economy
Thursday, August 9, 2018 - 12:19
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MacroBusiness
Thursday, August 9, 2018 - 11:59
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By Leith van Onselen Who would have thought. When the Government continually floods the labour market with hundreds of thousands of migrant workers, it leads to labour surpluses, greater job competition, and lower wages. This is exactly the outcome described in today’s Participation, Job Search and Mobility, Australia, February 2018 release from the ABS: ABS Chief The post ABS: “there’s a lot more competition for jobs than there used to be” 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, August 9, 2018 - 11:58
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MacroBusiness
Thursday, August 9, 2018 - 11:50
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This Afternoon (12:30pm AEST) on the live MB Fund Webinar, Mega Trends, has MB Fund Head of Investment, Damien Klassen and Tim Fuller having a look at some of the major global trends that impact the way a money manager invests in stock markets. Rising inequality Baby Boomers Women in the workforce Global debt levels Company tax rates The post MB Fund Live Webinar – Mega Trends 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, August 9, 2018 - 11:30
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By Leith van Onselen Across the political spectrum there is a low level moral panic about Australia’s low wages growth, which is experiencing the weakest spell in the post-war era: The irony is that some of the politicians lamenting this situation are merely witnessing the outcome of policies they have long advocated. In this space, The post John Howard’s plan to decimate Australian wages appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Thursday, August 9, 2018 - 11:27
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by Chris Becker The reaction to the RBNZ’s extended hold at this morning’s interest rate meeting has been swift with everything crushes the Kiwi dollar – starting with the Yen: Aussie go smash: Euro smoosh: Meanwhile, the PBOC has kept the Yuan selloff contained by holding the reference rate tight again, today’s set at 6.8317 The post Yuan steadies as the Australian dollar crushes Kiwi 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, August 9, 2018 - 10:24
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By Leith van Onselen The Australian Greens yesterday launched a proposal to split-up Australia’s banks: “The Hayne Royal Commission has proven that the foundations of our banking and financial system are rotted through. It’s past time we stopped letting these huge corporations get away with fraud, bribery and other systemic abuses of the customers they The post Greens call to split-up banks no panacea, but worth investigating appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Thursday, August 9, 2018 - 10:00
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By Leith van Onselen Dr Bob Birrell and Dr Ernest Healy from The Australian Population Research Institute (APRI) published a report examining the deleterious impact of Australia’s mass immigration ‘Big Australia’ policy on housing affordability in Sydney and Melbourne. This report found that young Australians were being shut out of housing and that there was The post ‘Big Australia’ means high-rise battery chook living 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, August 9, 2018 - 09:31
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MacroBusiness
Thursday, August 9, 2018 - 09:30
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Via Capital Economics: US tariffs have so far had little effect on Chinese export growth • Chinese export growth held steady last month with few signs of much impact from the first round of US tariffs on $34bn worth of Chinese exports, which came into force on 6th July. Import growth jumped but this has The post Chinese trade pushes through tariffs 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, August 9, 2018 - 09:17
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By Leith van Onselen The latest rental data from the Real Estate Institute of Western Australia (REIWA) was a further kick in the face for Perth landlords (but music to the ears of renters). After showing signs of improvement in the March quarter, Perth’s median house rent retraced by $10 to $350, whereas Perth unit The post Perth’s rental market haemorrhages losses 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, August 9, 2018 - 09:11
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It is hard to imagine what the Coalition’s strategy will be for the next election. Their corporate tax cuts for big business are on the nose. Suggesting that someone on $200,000 should pay the same tax rate as someone on $40,000 will also be a hard sell. How can they possibly pursue Bill Shorten for… The post Where to from here for the Coalition? appeared first on The AIM Network. |
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MacroBusiness
Thursday, August 9, 2018 - 09:00
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We are proud to announce that the company behind the MB Fund, Nucleus Wealth, has been named a finalist in the upcoming IFA Excellence Awards for the category “Innovator of the Year – Company”. Thanks to everyone involved in bringing a unique and tailored, quality investment solution that is typically only reserved for high net The post MB Fund up for Innovation Gong appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Thursday, August 9, 2018 - 08:30
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By Chris Becker Another muted night on share markets on both sides of the Atlantic, with scratch sessions the name of the game as traders digest the latest tit-for-tat battles in the ongoing Trump trade war. Oil prices fell back on higher than expected inventories, taking energy stocks down while the USD moved around against all The post Macro Morning 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, August 9, 2018 - 08:20
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By Leith van Onselen Yesterday, RBA Governor Phil Lowe gave a speech strongly supporting Australia’s mass immigration ‘Big Australia’ program, whereby Lowe spouted a bunch of benefits (most dubious) without considering the costs. You can read Lowe’s speech here along my initial response, which was scathing. The pro-immigration mainstream media, such as SBS, has been The post Big Australia RBA “laughable” on economic impacts appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Thursday, August 9, 2018 - 08:13
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Via Banking Day: The volume gains made by non-ADI lenders in the investment mortgage market could come under severe pressure in the next few months as APRA begins to loosen the prudential constraints on lending to investment borrowers. Banking Day can confirm that HSBC Australia, Macquarie and People’s Choice Credit Union are among the first The post Captured APRA loosens investor mortgage cap for mad Macquarie appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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John Quiggin
Thursday, August 9, 2018 - 08:06
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In my last post on Wednesday, I said it was time to draw a line against racism and, among other things, to boycott Sky until it cleans house thoroughly. As it turned out, I had to put up or shut up on this, much sooner than I expected. Yesterday, I was invited (by one of the few decent commentators on Sky) to take part in a debate on the National Energy Guarantee. As readers will know, I’m keenly interested in this topic, and would have liked to have my say, but I had to decline. If this happens enough, perhaps Sky management will take notice. |
MacroBusiness
Thursday, August 9, 2018 - 07:49
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With the royal commission showing that bank staff are busy working out how to keep billing dead customers, or busy coming up with reasons to explain why they have charged fees for services not provided, its no wonder that there isn’t enough time to train staff in Australia properly: No. 1 by a country mile! The post She’ll be right mate: Privacy edition 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, August 9, 2018 - 07:38
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by Chris Becker The Reserve Bank of New Zealand (RBNZ) held its monthly interest rate meeting this morning, holding rates again at 1.75%, but substantively changed the language around their key policy guidance. From the source: The Official Cash Rate (OCR) remains at 1.75 percent. We expect to keep the OCR at this level through The post RBNZ goes dovish as Kiwi plummets appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
The Tally Room
Thursday, August 9, 2018 - 07:32
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I’m joined this week by Jill Sheppard (@jillesheppard) and Osmond Chiu (@redrabbleroz) to discuss research into what candidate attributes influence voters’ choices, and profile the marginal seat of Gilmore in southern NSW. Links to things discussed in this episode: |
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Your Democracy
Thursday, August 9, 2018 - 07:29
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The Australian Independent Media Network
Thursday, August 9, 2018 - 06:00
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August 9 2018 On the same day that Indian-born migrant Akshay Venkatesh was receiving the prestigious Fields Medal in mathematics, the Australian born son of Dutch immigrants, mediocre columnist Andrew Bolt was publishing an article full of racist gobbledygook to titillate those on the extreme-right of Australian society. The piece titled; “The foreign invasion” claimed… |
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MacroBusiness
Thursday, August 9, 2018 - 00:30
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by Chris Becker Here’s the latest price update from the iron ore complex: Spot prices pulled back but rebar remains elevated after reaching a six year high before closing higher, but there’s growing concern the breakout in prices is not sustainable against actual demand. More from Reuters: Rebar hit a high on Tuesday of The post Daily iron ore price update appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Thursday, August 9, 2018 - 00:20
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From Damien Boey at Credit Suisse: Housing finance approvals data for June came in below expectations. The value of owner-occupier loans fell by 1% over the month, while the value of investment lending fell by 2.7%. We do not yet have the complete lending finance data set, which also accounts for commercial and personal loans. The post Australia’s credit impulse dies 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, August 9, 2018 - 00:20
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By Leith van Onselen With CoreLogic’s July results reporting another month of falls for Sydney and Melbourne housing, I thought it was timely to take a deeper look at both markets using CoreLogic’s various measures. But first, let’s recap both market’s performance at the aggregate level using CoreLogic’s marque hedonic index. As shown in the The post A detailed examination of Sydney’s and Melbourne’s housing corrections appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Thursday, August 9, 2018 - 00:18
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By Leith van Onselen Back in March, Dr Jonathan Sobels – a senior research fellow at the University of South Australia and the author of a key 2010 report prepared for the Department of Immigration entitled Long-term physical implications of net overseas migration: Australia in 2050 – gave a brilliant incisive interview on ABC’s Radio The post Professor Ian Lowe: mass immigration is a mass environment killer 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, August 9, 2018 - 00:15
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News broke yesterday morning that ASIC Chairman James Shipton has greenlit the prospect of tactical taskforces to be embedded in our banks (for up to 8 weeks at a time) in an attempt to address the surging and endemic misconduct present in our banking system. Treasurer and chief Royal Commission resister, Scott Morrison, has backed The post Another financial crime band-aid appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Thursday, August 9, 2018 - 00:15
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There was more from the Royal Commission grilling of National Australia Bank yesterday. “Hopelessly Conflicted” is one term that I’m hoping will catch on: The process that saw NAB’s superannuation trustee NULIS advised by the bank’s wealth management arm was hopelessly conflicted, the Hayne royal commission has heard. Counsel assisting Michael Hodge QC put to The post Royal Commission deems NAB “hopelessly conflicted” 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, August 9, 2018 - 00:01
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Global Macro / Markets / Investing: Taking Tesla Private – Tesla Saudi Arabia’s sovereign wealth fund builds $2bn Tesla stake – FT Elon Musk Just Showed Exactly Why Tesla Should Be Private – Bloomberg Inside the bitter divorce war between Sue and Bill Gross – NY Post The devastating cost of central banks’ caution – The post Links 9 August 2018 appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Popular Science
Wednesday, August 8, 2018 - 17:00
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The tech could be used to increase the representation of women scientists on Wikipedia |
One of the last advantages touted for the hydrogen fuel-cell electric vehicle (FCEV) over the battery electric car (BEV) is the speed of hydrogen refuelling vs battery charging.
China’s northwestern Qinghai Province taps internet-of-things to run for seven straight days entirely on renewable energy.
Dr Chris Juttner, says we need nothing less than global action equivalent to the mobilisation for World War Two to keep temperatures below 2 degrees to avoid further climate chaos, and urges Australia to rejoin the battle. 