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MacroBusiness
Thursday, February 14, 2019 - 12:30
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By Leith van Onselen Last weekend, CoreLogic released its preliminary auction clearance rates, which revealed the following results: Today, CoreLogic has released its final auction results, which reported a 3.0% decline in the final national auction clearance rate to 51.1%: As you can see, Sydney’s auction clearance rate fell by 5.2% to 54.0% whereas Melbourne’s fell The post Auction clearances post seasonal bounce appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Thursday, February 14, 2019 - 12:15
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Via New Daily: Labor is preparing to unleash a Mediscare 2.0-style campaign, claiming the Morrison government cannot be trusted on GP fee increases and cuts to health. In her first major speech to the National Press Club, opposition health spokeswoman Catherine King said having failed to introduce the $7 GP co-payment, the Prime Minister was trying The post Two can play the fear game: Mediscare 2.0 warms up 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, February 14, 2019 - 12:00
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By Leith van Onselen A strong theme of this housing bust has been the degree to which value falls have been driven by the top-end of the market. As shown in the next chart, the top 25% of capital city homes (“High Value”) fell 9.9% in the year to January 2019, versus falls of 4.8% The post CoreLogic: Million dollar suburbs shrinking as home values fall appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Thursday, February 14, 2019 - 11:45
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This is totally perverse from the ABC: South Australia is losing a very important battle — to win the hearts and minds of those migrating to Australia. Premier Steven Marshall wants to gain some ground by attracting skilled migrants to the state rather than Victoria and New South Wales, as the State Government holds a The post SA rejoice: You’re losing the battle to attract migrants 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, February 14, 2019 - 11:43
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Where’s the ever bullish Bloxo? Via HSBC: “While the [global] risks appear to have receded for now, this may be masking the growing risks from the second, which is gathering momentum and deserves more attention. “The deceleration in the flow of housing credit has been evident since at least early 2018 but has only recently The post HSBC buries Bloxo: Australian dollar to 66 cents appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Thursday, February 14, 2019 - 11:30
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By Leith van Onselen With a veritable conga-line of analysts calling on the federal government to write-down the value of the National Broadband Network (NBN) by $20 billion in order to make the wholesale costs low enough for telcos to remain profitable and to provide customers with competitively priced high-speed internet, ACCC head Rod Sims The post NBN debacle worthy of its own Royal Commission 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, February 14, 2019 - 11:20
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MacroBusiness
Thursday, February 14, 2019 - 11:15
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By Leith van Onselen Following on from Gerard Minack’s report contending that “a recession in Australia is becoming more likely”, Longview Economics has delivered a similar verdict: Summary & Conclusion: Excess in the Australian housing market has been widely discussed by investors and commentators for a number of years. Underpinned by cheap money, house prices The post Longview Economics: Australian “recession likely” in 2019-20 appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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THE BLOT REPORT
Thursday, February 14, 2019 - 11:04
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Recidivist ‘ruperter’ Simon Benson, who was recently caught indulging in some fundament osculation with Tony Abbott1, has acted as stenographer for Scott Morrison, repeating the drivel the latter came out with yesterday, after the Medevac Bill passed the House of Representatives. |
MacroBusiness
Thursday, February 14, 2019 - 10:45
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I gave up on the Baltic Dry many years ago when a shipping glut dislocated it from wider global economic activity. Is it time to revisit it? If so, it is not painting a pretty picture: There are a few reasons to be wary of the crash: China’s recent rolling import coal bans are piling The post Is it time to heed the Baltic Cry? 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, February 14, 2019 - 10:30
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By Leith van Onselen Listed developer Villa World reported a 2018-19 interim net profit of $17.6 million, which is in line with the same period in 2017-18. However, the company reported a 30% slump in sales volumes to 517 lots during 1H19, versus 742 lots in 1H18: Demand for the Company’s core product – affordable land The post Developer Villa World hit by falling sales appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Thursday, February 14, 2019 - 10:15
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By Leith van Onselen The Reserve Bank of New Zealand (RBNZ) clearly does not trust APRA to do its job and protect the economy. Because the RBNZ has launched a proposal to raise tier 1 regulatory capital held by the banks to 16%: Under the proposal, over five years or so, banks’ Tier 1 capital The post RBNZ exposes corrupt APRA on bank capital 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, February 14, 2019 - 10:00
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By Leith van Onselen With Australia’s consumer economy facing massive headwinds from the plummeting housing market and the likely reversal in the household savings rate: The RBA’s head of economic analysis, Alexandra Heath, has reached once more for the wage growth unicorn, claiming that rising wages growth will offset any fall in household consumption. From The The post RBA throws another economist under the deflation bus appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Thursday, February 14, 2019 - 09:45
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Via The Guardian: The former One Nation senator Brian Burston has denied allegations that he sexually harassed a staff member and retaliated against Pauline Hanson, his former leader, by accusing her of making unwanted advances towards him. After Hanson used a speech in the Senate on Tuesday night to accuse an unnamed senator of “serious The post One Nation implodes 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, February 14, 2019 - 09:33
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By Chris Becker Risk markets are still floating along on a positive sentiment vibe while the USD reversed course overnight, surging against the majors and knocking gold back to its lowest level in two weeks. Treasury yields continue to climb, now above 2.71% as the latest CPI print came in a little hotter than expected. The post Macro Morning appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Thursday, February 14, 2019 - 09:30
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If you thought the banks were about release the spiggot on credit think again, via the AFR: The federal government has told the banks and regulators there will be a fresh industry inquiry in three years to ensure they have improved their behaviour and are treating customers better. Treasurer Josh Frydenberg wrote this week to The post Recessionberg tightens Hayne screw with new review 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, February 14, 2019 - 09:15
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Iron ore prices for February 13, 2019: Everything down but easing. Who knows where we go next in the short term? So long as there are no more Vale shocks then I’d expect material downside over the next three months but that’s in the lap of the mining gods now. The post Daily iron ore price update (cautious calm) appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Thursday, February 14, 2019 - 09:00
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DXY was strong again last night as EUR puked lower: The Australian dollar was bashed back into place versus the USD but did better against other DMs: And EMs: Gold sagged: Not oil: Base metals remain worried: Big miners are not: EM stocks fell: Junk did better: Treasuries were hosed: Bunds too: Stocks added modest The post Australian dollar pumps and dumps as Europe tumbles appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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The Australian Independent Media Network
Thursday, February 14, 2019 - 07:29
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Such measures were always going to come on the heels, and heavily so, of the Utopians. Where there is Internet Utopia, Dystopia follows with dedicated cynicism. Where there are untrammelled means of searching, there will be efforts to erect signposts, usually of a warning nature. Like the librarian ever worried of her reader finding something… The post Means of Control: Russia’s Attempt to Hive Off the Internet appeared first on The AIM Network. |
MacroBusiness
Thursday, February 14, 2019 - 00:20
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By Leith van Onselen Tuesday’s Lending to households and businesses release from the ABS revealed that total mortgage lending (excluding refinancings) tanked by 10.1% in the 2018 calendar year in rolling annual terms, driven by an epic 23.6% crash in investor commitments, whereas owner-occupied commitments fell by a more moderate 3.2%: As shown above, annual investor The post Mortgage crash signals heavy house price falls ahead 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, February 14, 2019 - 00:19
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This is not good. Via the AFR: China has introduced jail terms for operators of “underground banks” illegally helping tens of thousands of its citizens transfer money out of the country to buy property overseas, in a move developers warn is a big blow to Australia’s real estate market. China’s Supreme Court quietly introduced stiff The post China delivers Aussie property death knell appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Thursday, February 14, 2019 - 00:10
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From John Hewson at Domain, who keeps heading Scummo off at the pass: Scott Morrison is attempting to create some electoral victory from the jaws of his historic parliamentary defeat by launching a scare campaign being headlined as “Blame Shorten for boats”. Clearly, if any boats do arrive between now and the May election, the The post Scummo bets his government on second September 11 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, February 14, 2019 - 00:01
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Global Macro / Markets / Investing: Wealth Inequality Is Way Worse Than You Think, And Tax Havens Play A Big Role – Forbes Bill Gates tweeted out a chart and sparked a huge debate about global poverty – VOX A hedge fund’s ‘mercenary’ strategy: Buy newspapers, slash jobs, sell the buildings – Washington Post Bill The post Links 14 February 2019 appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Your Democracy
Wednesday, February 13, 2019 - 20:07
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Renew Economy
Wednesday, February 13, 2019 - 18:09
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The post Rideshare company Lyft offers electric vehicle option appeared first on RenewEconomy. |
Renew Economy
Wednesday, February 13, 2019 - 18:03
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THE BLOT REPORT
Wednesday, February 13, 2019 - 17:38
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Tony Abbott has told dodgy radio station 2GB that asylum-seekers are “having a lend of us” because most of them are “economic refugees”1. While commenting on anything Tony Abbott says is a little risky because his inarticulacy tends to make one think he may have, at the time, simply lost a connection between what remains of his brain and his gob, and said something he didn’t really mean to say. However, I’ll have a stab at this one because like most of these desperate muppets in the federal government, he will say anything to try to fight against the existential threat to his political career posed by Zali Stegall2. |
MacroBusiness
Wednesday, February 13, 2019 - 17:30
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Another solid day on stock markets across Asia following the moves higher on Wall Street overnight with Chinese stocks leading the way as expectations for the US/China trade deal become more positive. The Australian dollar launched on the sentiment survey while the Yuan remained firm against USD. The Shanghai Composite closed nearly 2% higher, making big The post Macro Afternoon 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
Wednesday, February 13, 2019 - 15:23
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The post A big year for big solar: Charting Australia’s solar farms of 2018 appeared first on RenewEconomy. |
Renew Economy
Wednesday, February 13, 2019 - 15:23
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A detailed review of Australia's main grid for 2018 shows a big increase in renewables, gains in efficiency, lower demand, and a substantial fall in emissions.
Uber competitor Lyft offers "Green Mode" options for users of its rideshare network, allowing passengers to choose to be picked up by an electric car.
The inevitable shift to electric cars is being celebrated by one of Australia's largest independent car dealer franchises, right in the heart of Tony Abbott's Warringah electorate. 
2018 was a record-smashing year for solar farms. So where did all of that grid-scale solar power go in?
Australian arm of global oil major firms plans to build 120MW solar farm in Queensland, and says its partly owned Sonnen has sold 3,000 battery units in Australia.