Blogotariat

Oz Blog News Commentary
Your Democracy Thursday, August 6, 2020 - 14:12 Source
Read more Views: 34
MacroBusiness Thursday, August 6, 2020 - 14:00 Source

The Melbourne Institute has released research on parent’s soaring mental and financial stress arising from COVID-19: In mid-May, 56% of survey participants anticipated they would be personally impacted by the coronavirus for longer than six months. Eight weeks later, 67% now expect the effects to extend for longer than six months. Additionally, after a period

The post Parents mental and financial stress soars appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 32
MacroBusiness Thursday, August 6, 2020 - 13:40 Source

The hits keep coming for Daniel Andrews’ Victorian Government, with a 9News investigative report revealing that the Government scaled back contract tracing efforts just as the virus outbreak began from failed hotel quarantine: Evidence of Victoria’s contract tracing data is illustrated in the next chart showing the virus erupting in Victoria, while cases have remained

The post How the Victorian Government failed COVID-19 contract tracing appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 29
Renew Economy Thursday, August 6, 2020 - 13:35 Source

Fortescue Metals Group is gearing up to test whether it can run its Pilbara-based Christmas Creek iron ore mine on solar, alone, during the day.

Read more Views: 28
MacroBusiness Thursday, August 6, 2020 - 13:20 Source

Very, very strange times with capitalism all but suspended: ASIC data shows businesses still holding their breath and hoping for rescue. (Monthly data and weekly) #ausecon pic.twitter.com/2juFvfSiVW — ☔Jason Murphy (@jasemurphy) August 5, 2020

The post No business but no bankruptcies appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 31
MacroBusiness Thursday, August 6, 2020 - 13:18 Source

Via Scummo: Combined with the damage of the stage three lockdown, it will cost the nation $10 to $12bn overall. “This is a heavy blow, a heavy blow: 80 per cent of this economic cost is expected to be in the affected areas of Victoria, of around $6 billion to $7 billion in that state,”

The post Stop whining, start printing: VIC lockdown $12bn nothing burger appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 25
MacroBusiness Thursday, August 6, 2020 - 13:00 Source

We are in a strange political environment. Globally, trillions of dollars of government stimulus has been announced, deficit hawks have turned chicken, and formerly staunch opponents of government intervention have led the charge. How should investors assess each government stimulus announcement? One day the Australian government told us they had the right level of stimulus.

The post An investors guide to good government stimulus appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 30
MacroBusiness Thursday, August 6, 2020 - 12:45 Source

Victoria has recorded another 471 COVID-19 infections, down from yesterday’s record 725: There was another 8 deaths overnight in Victoria. NSW recorded only 12 new cases, the same as yesterday. It is also doing a far better job containing outbreaks and preventing community transmission: Victoria now has 7,449 active COVID-19 cases, 96% of the nation’s

The post VIC records another 471 COVID-19 infections vs NSW’s 12 appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 25
Renew Economy Thursday, August 6, 2020 - 12:30 Source

Infigen Energy Lake Bonney Wind farm - optimisedIberdrola successfully gains control of ASX-listed Infigen Energy, after its takeover offer is accepted by more than 50 per cent of shareholdings.

Read more Views: 32
Renew Economy Thursday, August 6, 2020 - 12:28 Source

BP's commitment to massive investment in renewables and EVs, and a huge fall in oil production, hailed as significant step for the oil industry.

Read more Views: 25
MacroBusiness Thursday, August 6, 2020 - 12:20 Source

A group of researchers have modelled the impact of COVID-19 on Australia’s future population. They find that Australia’s population will still swell to nearly 32 million people by 2040 even if immigration “plummets to zero in 2020-21 and takes eight years to return to the long-run average”: Our new modelling shows that under a worst-case scenario, Australia

The post Australia’s population to swell regardless of COVID-19 appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 28
The Australian Independent Media Network Thursday, August 6, 2020 - 12:17 Source

Silicon Valley continues to sprawl in influence, and its modern robber barons bestride the globe with a confidence verging on contempt. The technology giants that mark that region of California are praised as “virtuosos of ingenuity,” to use Steve Forbes’ words, “creating and supplying products and services that were once unimaginable and that have been…

The post Big Tech Antics: The Data Robber Barons Appear Before Congress appeared first on The AIM Network.

Read more Views: 15
MacroBusiness Thursday, August 6, 2020 - 12:00 Source

Join us as we discuss Technology’s ever-growing role in the world, the resulting deflation it will generate, and the major structural changes to the economy as we know it caused by this. We discuss these changes in industries it’s already happened in, as well as some likely candidates such as energy and automotive. We wrap

The post MB Fund Podcast: Will Technology Driven Deflation be ‘The Price of Tomorrow’? With Jeff Booth appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 18
MacroBusiness Thursday, August 6, 2020 - 11:40 Source

Good news here, via the AFR: The federal government is planning a series of housing initiatives for the October 6 federal budget, but has rejected growing calls to fund large-scale social housing projects, saying that was more of a state responsibility. Housing Minister Michael Sukkar told a closed conference last week that housing would be

The post Morrison out of ideas to save property prices appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 18
MacroBusiness Thursday, August 6, 2020 - 11:20 Source

With COVID-19 ripping through India: An Indian education agent has demanded that Australia open its border to international students: Navjot Singh, a migration agent based in the northern Indian state of Punjab says policymakers in Australia need to do a lot more than just granting post-study work visa rights to retain its current students. “Australia’s

The post International education agents demand Australia slay its elderly appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 19
MacroBusiness Thursday, August 6, 2020 - 11:00 Source

We begin, as always, with Labor and the once hawkish Richard Marles, at Domain: Opposition defence spokesman Richard Marles says a Labor government would not let backbenchers lead the debate on China, accusing the Morrison government of letting “fringe dwellers” damage Australia’s relationship with its biggest trading partner. Mr Marles hit out at government MPs

The post Revenge of the CCP-Nazi apologists appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 17
MacroBusiness Thursday, August 6, 2020 - 10:50 Source

Though at least he covers it. Via Gottiboff: The dam wall holding commercial gas prices at ridiculous levels is starting to crack …The crack in wall was actually opened by ACCC chief Rod Sims late in 2017 when he approved a buying group, Eastern Energy Buyers Group, to aggregate orders from medium sized businesses up

The post Gotti wrong again on gas supply appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 16
MacroBusiness Thursday, August 6, 2020 - 10:48 Source

Via Martin North: DFA has released our latest results from our rolling 52,000 household surveys. As a result of the economic slowdown (which was already underway before COVID) and exacerbated by the COVID restrictions, more households are falling into financial stress. We define stress in cash flow terms – money in and money out –

The post All Australian property is turning into Perth appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 14
MacroBusiness Thursday, August 6, 2020 - 10:40 Source

Victoria’s Health Minister, Jenny Mikakos, avoided seven questions on Melbourne’s Hotel Quarantine debacle at Tuesday’s Legislative Council question time by saying she would provide a written response the following day. These questions included topics like: When the government first became aware of problems around quarantine? Who made the decision to outsource to private contractors? Will

The post Victorian Government refuses to give quarantine answers appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 20
The Australian Independent Media Network Thursday, August 6, 2020 - 10:32 Source

By William Olson   Australian Council of Trade Unions (ACTU) president Michele O’Neil has hit out at the hypocrisy of the Morrison government’s committal of funding geared to support Victoria’s mostly privatised area of early childhood education centres while doing nothing to aid marginalised workers within the sector. O’Neil and the ACTU have pointed out that…

The post Early childhood workers left out in support package, says ACTU appeared first on The AIM Network.

Read more Views: 20
MacroBusiness Thursday, August 6, 2020 - 10:20 Source

Five years ago, RBA’s senior research manager, Dr Peter Tulip, released crazy research arguing that Australian housing is 30% undervalued and that owning a home is “now more attractive, relative to renting than it has been at any time in the past 30 years”. Now Dr Tulip is back, this time releasing a research paper

The post RBA’s Tulip polishes his property bubble appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 23
MacroBusiness Thursday, August 6, 2020 - 10:12 Source

Via the excellent Jonathon Mott at UBS: Two steps forward… one big step back? With Melbourne moving to Level 4 lockdown (all non-essential businesses closed), the outlook for the Australian economy and banks has deteriorated sharply. After a strong economic bounce from May until early July, this is a clear setback. While the assumptions underpinning

The post UBS: Aussie banks mull “artificial dividends” appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 17
MacroBusiness Thursday, August 6, 2020 - 10:00 Source

While the University of Melbourne’s vice-chancellor, Duncan Maskell, feasts on his $1.5 million salary, he has flooded the institution with insecure casual staff: The rush towards insecure work has been led by the University of Melbourne, Australia’s richest tertiary institution, which listed reserves of $4.43 billion while employing 72.9 per cent of staff on insecure

The post Greedy Melbourne University underpays its slaves appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 17
MacroBusiness Thursday, August 6, 2020 - 09:40 Source

A couple of charts today make the point. Real interest rates have room to fall further: Gold ETF flows are still very small:   AUM proportions dedicated to gold are still WAY down versus previous peaks: Probably the best chart of all, DXY is still very high: The lows of the GFC period are 24%

The post Plenty of fuel left in the gold rocket tank appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 15
Your Democracy Thursday, August 6, 2020 - 09:26 Source

shiites

THE CONTRADICTIONS OF MODERN IRAN (1/2)

Imperialist Iran becomes anti-imperialist

by Thierry Meyssan

read more

Read more Views: 7
MacroBusiness Thursday, August 6, 2020 - 09:20 Source

Iron ore prices for August 5, 2020: Spot up. Paper up more. Iron ore has now caught the monetary tailwind out of the falling US dollar. Chinese empty apartments are still fine: Brazil is still sick: But it has exited shutdown more swiftly than elsewhere: I’m still hanging on. But if we get one more

The post Daily iron ore price update (monetary) appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 22
Your Democracy Thursday, August 6, 2020 - 09:00 Source

magazine

Is the US constitution serving the people well? An article in The American Conservative gives us a point of view...

read more

Read more Views: 7
MacroBusiness Thursday, August 6, 2020 - 09:00 Source

The Morrison Government should do a major volte-face on its virus suppression strategy. There are three reasons. First and most important, elimination is the best way forward. Virus-free New Zealand is tracking for far better economic, lifestyle and health outcomes than Australia is. I Second, governments in the virus-free states of WA, SA, QLD, TAS,

The post ScoMo left behind as Australia votes for virus elimination appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 25
MacroBusiness Thursday, August 6, 2020 - 09:00 Source

By Chris Becker  Another record high on Wall Street, pushing the risk complex to yet more stretched valuations as gold also makes another daily record high above the $2000USD per ounce level, with silver outshining with a near 5% gain to be above the $27USD per ounce level. Its all about the weakness of USD

The post Macro Morning appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 25
MacroBusiness Thursday, August 6, 2020 - 07:07 Source

The DXY smash resumed last night with EUR at new highs: Australian dollar hit new highs versus USD but could not hold them: It was strong against EMS: Gold is at record highs again: Oil broke out: Dirt surged ex-copper: Miners boomed: EM stocks took off: Junk not so much: As oil spooked yields: But

The post Australian dollar rips new high as commodities riot appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 26

Pages