Blogotariat

From the HIA today comes news that mortgage affordability remains poor, despite a modest improvement in the September quarter: “Despite the poor levels of housing affordability there are signs of improvement for home-buyers, stated Tim Reardon, HIA’s Principal Economist. “The HIA Housing Affordability index for Australia improved by 0.5 per cent in the September 2017

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It was on again today with banks bid out the wazoo when, alas, the good jobs number arrived: The bid is dependent completely upon economic weakness and falling yields so more jobs sucks for banks, though they are still up on the day: There’s a good chance that the bid will resume, though, just so

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ABS jobs for September are out and the boomlet continues: Employment increased 19,800 to 12,290,200. Full-time employment increased 6,100 to 8,398,200 and part-time employment increased 13,700 to 3,892,000. Unemployment decreased 11,800 to 711,500. The number of unemployed persons looking for full-time work decreased 10,600 to 487,100 and the number of unemployed persons only looking for part-time

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The new policy could end up feeding demand for coal.

From Karen Moley today: You had to listen closely, but Chinese President Xi Jinping provided two important clues as to the economic policies he will pursue in his second five-year term in the course of his epic three-and-a-half hour opening address to the Communist Party congress. The first clue was provided by what he didn’t say. Xi made no mention

The post Xi Jinping just warned Australia on growth (for now) appeared first on MacroBusiness.

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By Leith van Onselen Since the 7-Eleven migrant worker scandal broke in 2015, there has been a regular flow of stories emerging about the systemic abuse of Australia’s various migrant worker programs. The issue culminated last year when the Senate Education and Employment References Committee released a scathing report entitled A National Disgrace: The Exploitation

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By Leith van Onselen Liberal MP, Ben Morton, has accused activist organisation, GetUp, of being a “front” for Labor and the Greens, rather than an independent organisation. Morton claims the two latest additions to GetUp’s board have links to Labor, including the party’s former digital director Daniel Stone. The Coalition wants the Australian Electoral Commission

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By Leith van Onselen Labor infrastructure and transport spokesman, Anthony Albanese, has given yet another weak defence of mass immigration and a ‘Big Australia’, offering a whole bunch of strawman arguments, motherhood statements, and worthless platitudes defending the 1.74 million extra people expected to inundate Sydney over the next 20 years. From The Daily Telegraph:

The post Anthony Albanese spruiks #SardineSydney appeared first on MacroBusiness.

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Self serving and misleading comments from CEO of one of the country's iconic energy businesses need to be held up as a shining example of how recent energy summit forgot about one key person: the customer.

DXY launched last night then lost the lot. The chart remains bullish: AUD was weak against DM: But strong against EM: Gold was soft: Brent was firm on US hurricane outages and OPEC output cut extension talk (a certainty): Base metals were mixed: Big miners were crushed by Xi Jinping: EM stocks rebounded: High yield

The post New record highs for stocks appeared first on MacroBusiness.

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Thursday 19 October When is a policy not a policy? When it lacks detail, is the answer. There are those political leaders who have a sagacious gift for detail. In my experience no one surpassed former Prime Minister Howard. He consumed facts and figures with a childlike appetite for rice bubbles at breakfast. There was…

The post Day to Day Politics: When is a policy not a policy? appeared first on The AIM Network.

It’s as obvious as the nose on your face that global markets are beginning to suspect that the Australian property bubble may burst. The reasons are equally clear: prices are stalling or falling; officials have labelled it a bubble; global interest rates are rising; other similar markets in NZ, the UK and Canada are rolling;

The post Can Australia’s bubble central-planners land softly again? appeared first on MacroBusiness.

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By Leith van Onselen Recent data on Brisbane’s housing market suggests that momentum has stalled from already sluggish levels amid an oversupply in apartment construction. Last week’s September quarter results from Domain (formerly Australian Property Monitors) revealed that while Brisbane houses have recovered to their March-2008 level in real inflation-adjusted terms, prices dipped 0.6% in

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