Blogotariat

Two big building suppliers polish up the property turd today. FBU and CSR: Fletcher really didn’t even bother with much polish: Fletcher expected Australian residential approvals to drop to between 150,000 – 160,000 in financial 2020, from 190,000 in the year ending June 30. Approvals would then  experience a marginal improvement to 170,000 in fiscal

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Angry China has so far made a series of terrible blunders. First, it quietly invaded Australia with bribes and influence networks that got sprung. Second, it backed itself into a corner on the trade war. Third, it arrested all kinds of foreign nationals and applied punitive trade practices to supposed friends, including on Australia. Fourth,

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Via The Australian: Centre Alliance has signalled it could support the Morrison government’s full personal income tax cuts package as soon as Friday without a deal on gas being locked in, as Labor also leaves open the possibility of backing the flagship $158 billion tax plan in full. Stirling Griff, who with Centre Alliance colleague

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Lats year PIMCO was very bearish on Aussie property: Mortgage availability has tightened due to property-cooling measures and closer bank scrutiny. Over the past few years, the Australian Prudential Regulation Authority (APRA), the country’s banking regulator, has introduced various macroprudential measures to cool down the housing market. Notably, in late 2014 APRA required that banks cap the

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From Richard Denniss at the AFR: Imagine if the Reserve Bank of Australia (RBA) conducted monetary policy the way the Morrison government conducted fiscal policy. Step one: publish optimistic forecasts of GDP and wage growth to create “confidence”. Step two: set interest rates five years down the track, based on those optimistic forecasts. Step three:

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It’s the great Aussie foreign policy tradition. When we come to a fork in road between the US and China we take it. In his first major speech today comes ScoMo: “Trade tensions have escalated. The collateral damage is spreading. The global trading system is under real pressure,” the Prime Minister will say in a

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And herein lies the problem for all crypto, via the FT: Facebook’s hopes of launching a new virtual currency have suffered another blow, as two more financial regulators said on Tuesday they are paying close attention to the social media company’s plans. Both the international Financial Stability Board and the UK’s Financial Conduct Authority have

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By Chris Becker  Risk sentiment was pushed lower overnight as the less dovish Fed and a slump in new home sales saw a selloff across Wall Street with tech stocks leading the way. Oil prices shot higher again on more Gulf tensions with the USD roaring back to life. Looking at yesterday’s action in Asia first, the

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The fallout from Australia’s high-rise apartment crisis rolls on, with photos shared online by Sydney property consultant, Edwin Almeida, highlighting the dodgy work and shortcuts rife across the construction industry: According to him, media reports about recent evacuations of residents from high-rise apartment buildings in Sydney are “just the tip of the iceberg” as a

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Over the weekend, Fairfax reported that the salaries of vice chancellors at Australia’s universities has soared towards $1.5 million, which comes at the same time as universities are making billions of dollars in fees from international students, teaching staff are increasingly being placed on casual contracts, and Australian universities are near the bottom of global

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CEFC to tip $100m into joint venture with Ironstone Capital to encourage institutional investors, such as superannuation funds, into the clean energy market.

Subordinates rarely have a good time of dictating matters to their superiors. In the webbed power relations that pass as realpolitik, Australia is the well-behaved child in the front of the room, yearning to be caned and spoilt in equal measure. Ever since Australia’s Prime Minister John Curtin cast his eye to Washington in an…

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When you have PTSD loud, sudden and or sharp noises trip your panic switch. A cat yowl is all three.The ginger cat would not stop, I think it's missing its substitute mum, and I couldn't find the ear protection for hot minutes of terrifying pussy action. Up until I did my panic escalated and I was now frightened. I'm still frightened.A workplace mental injury did that to me and it's a seeming ever wound. That a household cat can scare me into an unreasoned animal state is deeply fucked up. There's no pithy coda; it is what it is. And what it is is balls.