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Renew Economy Tuesday, June 19, 2018 - 14:21 Source

UNSW academics compare campaign against wind and solar and high renewable energy scenarios led by pro-nuclear lobbyists to efforts by the tobacco industry to sow fear and uncertainty and delay action.

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Renew Economy Tuesday, June 19, 2018 - 14:21 Source

UNSW academics compare campaign against wind and solar and high renewable energy scenarios led by pro-nuclear lobbyists to efforts by the tobacco industry to sow fear and uncertainty and delay action.

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Renew Economy Tuesday, June 19, 2018 - 14:07 Source

CSIRO launches Energise app, to create “two-way communication channel” between energy experts and consumers.

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Renew Economy Tuesday, June 19, 2018 - 14:05 Source

The NEG does nothing. It won’t lower prices, it won’t reduce the large gentailer influence, it won’t bring about new investment. In short, it's fraud as far as policy goes.

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MacroBusiness Tuesday, June 19, 2018 - 13:33 Source

Macquarie joins the party: Despite almost daily negative headlines in the mainstream media, the rate of adjustment has also been relatively orderly. Nationwide dwelling prices are currently falling at a 2.5-3% annualised rate, and Sydney housing prices have been falling for four quarters at a broadly stable 4% annualised pace. Some have suggested that the

The post Macquarie joins the housing bears appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, June 19, 2018 - 13:30 Source

Disruption, disturbance, eruption, the words crowning the presidency of Donald J. Trump, who has effectively demonstrated an idea made famous by Nazi doodler of law and political theorist Carl Schmitt: politics is defined, not by identifying with friends in cosy harmony but with enemies in constant tension. There are many ways that Trump might be…

The post Rocking the G7: Trump Stomps His Allies appeared first on The AIM Network.

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Harrangue Man Tuesday, June 19, 2018 - 13:03 Source

I've committed to the painful but needed act of getting once a day into the big chickens pen to check their hutch for eggs. We'd let it go and there were eggs but they'd spoiled. There's no point in me enjoying chickens without the eggs so in I went. Their pen is a metre tall and I have to squat and hunch along with my odd bod to check the sides and middle for eggs. I am also balding, Homer style, from the top.My body could be described as an egg with a light dust of hair plus limbs. I'm concious my short fat balding form looks like a number of fairy-tale characters and none of whom are good or have a good ending.

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MacroBusiness Tuesday, June 19, 2018 - 12:36 Source

Via The Australian: Bill Shorten has announced a future Labor government would repeal the government’s $144 billion income tax plan if it passes the parliament as he confirms the party’s opposition the bulk of the package. The Opposition Leader said Labor was prepared to vote for stage one of Malcolm Turnbull’s income tax package and

The post Labor: We’ll repeal Turnbull tax cuts appeared first on MacroBusiness.

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Club Troppo Tuesday, June 19, 2018 - 12:24 Source

When the financial crisis struck, it was back to the economics Max Corden learned in the 40s and 50s — a golden age of economics in which conceptual simplicity was a feature not a bug and the central criterion of good work was its generality and usefulness — rather than the conspicuous cleverness that defined later economics.

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MacroBusiness Tuesday, June 19, 2018 - 12:04 Source

By Leith van Onselen The ABS has released its property price index – incorporating both detached houses and units – which registered a 0.7% decline in home values nationally over the March quarter but a 2.0% gain over the year, a sharp slowing from the 5.0% annual growth initially reported in the year to December:

The post ABS: Property prices fell 0.7% in Q1 appeared first on MacroBusiness.

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Harrangue Man Tuesday, June 19, 2018 - 11:48 Source

My neck joints hissed out gas as something gargled in my throat. It was just my body. I sounded like a steampunk cyborg---and I look like a jolly rotund 19th century clerk.I know bodies make weird noises. But to feel bubbles of gas cook off from where ever it happens is weird and unsettling---much like my last trimester. Add to that the hip replacement of ceramic and titanium and other implants then that's the cyborg part.It could be worse; at least there's no assimilation threat from a steampunk cyborg. We'd be spending most of our time just locking down food and coal and nothing left over for chasing Dr Who or world domination.

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MacroBusiness Tuesday, June 19, 2018 - 11:43 Source

Amusing stuff today. AUD is off the lows now: Bonds are well bid: XJO is threatening to break out as Trump declares a full blown trade war on China: Dalian is down hard: But Big Miners are up ex-FMG: Big Gas is flying: And Big Gold: And Big Scum: Big Puswad is a little more

The post ASX soars as Trump declares full blown China trade war appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 19, 2018 - 11:36 Source

Right on cue comes the RBA and its Futureboom! Domestic Economic Conditions Members commenced their discussion of the domestic economy by noting that the March quarter national accounts would be released the day after the meeting. Based on indicators for the quarter received to date, GDP growth was expected to have picked up to be

The post RBA minutes lift AUD appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 19, 2018 - 11:27 Source

Via ANZ: We now expect to see peak-to-trough price declines of around 10 per cent in Sydney and Melbourne, with smaller declines elsewhere. This cycle is being driven by tighter credit, rather than higher interest rates. Higher interest rates in 2019 are expected to be an additional headwind, though rate hikes will only occur if the housing market has broadly stabilised. We note that

The post ANZ bears-up: Australian house price to fall 10% appeared first on MacroBusiness.

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John Quiggin Tuesday, June 19, 2018 - 11:25 Source

Another Monday Message Board, except it’s on Tuesday. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.

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MacroBusiness Tuesday, June 19, 2018 - 11:02 Source

Via New Daily: China does not infiltrate other countries or seek to interfere in their internal politics, China’s ambassador to Australia says. Cheng Jingye has told the Australia China Business Council that relations between the two countries can improve after rising tensions over alleged political interference. “We have many shared interests. We both stand for

The post China and Labor pash at conference appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 19, 2018 - 11:00 Source

by Chris Becker It’s no joke that Chinese stock markets are havens for speculative activity, more so than the casinos on Wall Street as the quasi-capitalist communist country catches up on the Great Moderation aka bubble to end all bubbles. It has been quite the ride – witness the epic rise and fall of the

The post Here comes the Chinese tech bubble appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 19, 2018 - 10:24 Source

More excellent work from UBS today, this time George Theranou: What is DTI & how does it compare to LTI? In the wake of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry there has been an increased focus on Debt-to-income (DTI) ratios, particularly in relation to responsible lending. DTI differs

The post UBS: Mortgage debt-to-income limits to intensify credit crunch appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 19, 2018 - 10:01 Source

New 14 month lows as the downtrend gathers new momentum:

The post Australian dollar clubbed into 0.73s appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 19, 2018 - 09:58 Source

As we know, Victorian opposition leader Matthew Guy yesterday hosed mega-Melbourne: Melbourne can’t afford to be an unlivable city of seven-plus-million people,” said Mr Guy, who was planning minister from 2010 to 2014. “That’s not the kind of city we should be leaving our children but it’s the kind of city we are headed toward.

The post Ghetto champions slam VIC opposition appeared first on MacroBusiness.

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Tuesday, June 19, 2018 - 09:41 Source

Now that the dust has settled after the Trump–Kim summit in Singapore, are we in a position to judge whether it was a success? I would give a qualified yes. Critics castigate Donald Trump for serving up a public relations coup to Kim Jong-un without extracting any clear concessions, but it isn’t clear that this matters. The United States made no concessions in return; and North Korea can’t “eat” publicity, or even the more amorphous “legitimacy” that was supposedly provided by the American president.

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MacroBusiness Tuesday, June 19, 2018 - 09:30 Source

The AFR is celebrating the new mining boom: A $2 billion acquisition spree by South32 and Gina Rinehart’s Hancock Prospecting has underscored the more upbeat outlook on commodity prices among industry heavyweights, with the scramble to buy or develop world class assets and infrastructure heating up as the world’s largest miners emerge from years of

The post Why it’s time to sell miners appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 19, 2018 - 09:00 Source

Via The Guardian: Voters are strongly in favour of the Turnbull government’s tax cut for low and middle income earners, but are considerably more cool on tax relief for high flyers, according to the latest Guardian Essential poll. With the Senate set to resolve the fate of the package in the final two sitting weeks before

The post Essential: Labor winning tax debate and election appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 19, 2018 - 08:48 Source

By Chris Becker A lacklustre night on risk markets in the absence of economic catalysts as traders continue to weigh up the risks of a growing trade war and OPEC makes moves to shore up the flagging oil price. Tech stocks again providing the heavy lfiting on Wall Street as industrials wavered through an upbeat talk

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 19, 2018 - 06:36 Source

DXY and EUR boxed themselves to standstill last night: AUD was hammered versus DMs anyway: But couldn’t catch down to EMs: In an unfortunate development, the Chinese yuan is now falling fast, raising even more heat on EMs: Gold held its losses: Oil bounced on OPEC rumours: Base metals broke: Big miners hung on somehow:

The post Emerging markets crash drags Australian dollar to cliff appeared first on MacroBusiness.

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Poll Bludger Tuesday, June 19, 2018 - 06:23 Source

After a spike to Labor a fortnight ago, it's back to business as usual in the latest Essential Research poll, which also finds Donald Trump slightly less unpopular with Australians than he was a year ago.

The post Essential Research: 52-48 to Labor appeared first on The Poll Bludger.

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The Australian Independent Media Network Tuesday, June 19, 2018 - 06:00 Source

Tuesday 19 June 2018 After further consideration and another clue I am prepared to say that it is still possible to have a federal election in September or October. The next two weeks of the sitting of the Parliament the Government has a full agenda and noticeably missing is a bill to ban foreign donations.…

The post Day to Day Politics: Two weeks of mayhem. appeared first on The AIM Network.

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MacroBusiness Tuesday, June 19, 2018 - 04:42 Source

Good grief, via the AFR: Labor is urging the Turnbull government to tone down its anti-China rhetoric, warning that it is flirting with a “dangerous exercise” by politicising the bilateral relationship between Canberra and Beijing. Opposition foreign affairs spokeswoman Penny Wong will tell the Australia China Business Council’s showcase annual networking day in Federal Parliament

The post Labor formally embraces China kowtowing appeared first on MacroBusiness.

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The Global Mail - Syndicated Stories Tuesday, June 19, 2018 - 01:20 Source

Even though we are net bullish as highlighted in our previous forecast, the resistance to further gains as visible in ETH, Bitcoin, NEO and even Ripple would probably clip our forecast. Notice that not only are prices trending within tight […]

The post Weekly Cryptocurrency Price Analysis: Bitcoin, Ethereum, Ripple, Bitcoin Cash and NEO appeared first on The Global Mail.

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MacroBusiness Tuesday, June 19, 2018 - 00:20 Source

Via NAB comes technical analysis for the AUD: Medium Term Price Drivers Since breaking the two- to three-year uptrend in April price has broken below the H2 2017 low at 0.7502 in four separate weeks but failed to close a week below 0.7502. A close this week below 0.7502 will confirm the break of the

The post NAB: Australian dollar to keep falling over next year appeared first on MacroBusiness.

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