Blogotariat

Oz Blog News Commentary
MacroBusiness Monday, August 24, 2015 - 12:47 Source

By Leith van Onselen The head of the Prime Minister’s Economic Advisory Council, Maurice Newman, has delivered yet another one-eyed assessment of the economy and Budget, blaming “the left” and Labor for Australia’s current predicament. From The Australian: The reason Australia is in its current predicament is precisely because, over decades, the centre-right has too

The post One-eyed Newman trashes credibility appeared first on MacroBusiness.

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

Read more Views: 299
MacroBusiness Monday, August 24, 2015 - 12:39 Source

From Goldman: Resource stocks are less relevant: Resource stocks are now only 14.7% of the ASX 200, less than half the weight they were preceding recent market falls (they were 33% of the ASX 200 before the last correction in 2011).  Less balance sheet risk: While corporate gearing has been rising across a number

The post Reasons to be less worried about Australia appeared first on MacroBusiness.

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

Read more Views: 311
Renew Economy Monday, August 24, 2015 - 12:26 Source

There is an El Nino in full swing which helps push average global temperatures higher, and records are being broken, but just how hot is it?

Read more Views: 357
MacroBusiness Monday, August 24, 2015 - 12:11 Source

The following will be very familiar to readers given it is exactly how MB described the commodity super cycle death spiral a year ago. From Barclays: It is an old saying in commodities that the best cure for low prices is low prices. Market participants are now asking how much further prices need to fall

The post Barclays: Commodity super cycle death spiral appeared first on MacroBusiness.

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

Read more Views: 368
MacroBusiness Monday, August 24, 2015 - 11:49 Source

It’s carnage today as Brent oil heads below $45: LNG is being pulverised with WPL down 4% and at post-GFF support, with ORG (-4%), STO (-8%) and OSH (-3%) all seeing LNG boom gains evaporate:

The post Oil, LNG collapse appeared first on MacroBusiness.

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

Read more Views: 328
Renew Economy Monday, August 24, 2015 - 11:45 Source

There’s been a steady stream of attacks on renewable energy, launched with via thought-bubbles and shock-jock interviews, from the Abbott government. The September Canning election might be the first time this attitude really starts to bite back.

Read more Views: 368
MacroBusiness Monday, August 24, 2015 - 11:37 Source

It had to come. RIO just took out its post-GFC low in the mid $48s, down nearly 3%: If we close below this level it’s technical free fall time straight down to the low $20s. FMG is down 8% but still above previous lows. BHP is in technical free fall down 3%.

The post RIO takes out post-GFC support appeared first on MacroBusiness.

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

Read more Views: 308
The Melbourne Urbanist Monday, August 24, 2015 - 11:35 Source

Does anyone care about getting the numbers right on infrastructure?

Read more Views: 490
MacroBusiness Monday, August 24, 2015 - 11:30 Source

Praisee the A-shaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaares…. That’s a new crash low…

The post Shanghai opens, crashes to new low appeared first on MacroBusiness.

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

Read more Views: 284
MacroBusiness Monday, August 24, 2015 - 11:15 Source

By Leith van Onselen For years I have argued that the retirement of the large baby boomer generation – a cohort that represents around 25% of Australia’s population but holds roughly half of the nation’s housing and financial assets – would eventually pose stiff headwinds for asset values, since many boomers would look to divest

The post What if boomers don’t downsize? appeared first on MacroBusiness.

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

Read more Views: 486
Prosper Australia Monday, August 24, 2015 - 11:15 Source

By Dr. Gavin Putland – crossposted from the Land Values Research Group The noisiest campaigners for lower taxes complain only about public taxes while ignoring or defending the unrequited tributes collected by private agents under the guise of market transactions. The noisiest campaigners for lower welfare expenditure complain only about transfers that pass through the […]

Read more Views: 508
Delimiter Monday, August 24, 2015 - 11:02 Source

Much has been written about the general lack of understanding which Australia's political sector has when it comes to setting good technology policy. But few have put it as bluntly as Atlassian co-founder Mike Cannon-Brookes did last week in an interview with Business Insider.

Read more Views: 350
The Australian Independent Media Network Monday, August 24, 2015 - 11:01 Source

Making judgement calls is the essential job of every leader. With good judgment, little else matters. Without it, nothing else matters.

I have written a great deal about Abbott’s policies over the years. Today’s offering is more about the judgement of the man who once described himself as the love child of John Howard and Bronwyn Bishop, one of whom invaded a country and accused asylum seekers of throwing their children overboard on flawed intelligence, and the other who has admitted she showed “poor judgement” in her habitual use of extravagant entitlements.

Read more Views: 534
Monday, August 24, 2015 - 10:54 Source

Sometimes, in the annals of journalism, really awesome shit happens. This is one of those occasions, explains Mathew Kenneally.

Read more Views: 273
Popular Science Monday, August 24, 2015 - 10:47 Source

On August 17th, China successfully test fired the second stage of the Long March 5 space launch rocket. This was the last of pre systems integration testing and thus a key milestone to ensure the LM-5's timely maiden flight in 2016.

Read more Views: 282
Popular Science Monday, August 24, 2015 - 10:47 Source

Since Google's announcement to restructure into Alphabet by the end of the year, we haven't heard a lot from the inside. Presumably, there were a lot of moving pieces to be sorted internally, and press weren't invited to those conversations.

Read more Views: 251
Popular Science Monday, August 24, 2015 - 10:47 Source

Rumpelstiltskin may have been able to spin straw into gold, but even he couldn't pull carbon fibers from thin air. Yet that's exactly what researchers at George Washington University have managed to do.

Read more Views: 300
Popular Science Monday, August 24, 2015 - 10:47 Source

The regenerative braking system in the BMW i3 electric car is quite extreme. If you plan ahead and allow enough stopping distance, by lifting off the accelerator, this little electric car will come to a complete stop, without ever requiring a touch of the brake pedal.

Read more Views: 286
Delimiter Monday, August 24, 2015 - 10:40 Source

The NBN company has doubled the amount of premises it serves and the number of end user customers actually connected to its network over the past year, the company announced this morning, as the deployment of its broadband network around Australia continues to proceed.

Read more Views: 351
The Australian Independent Media Network Monday, August 24, 2015 - 10:29 Source

two futuresDenis Bright considers the significance of Two Futures in helping to revive the leadership profile of the Australian Labor Party (ALP) as a bastion of long-term, innovative centre-left public policy. Federal Labor members, Clare O’Neil from the electorate of Hotham and Tim Watts in Gellibrand talk up Labor’s renewal strategies for changing times at home and abroad.

Read more Views: 840
MacroBusiness Monday, August 24, 2015 - 10:00 Source

From the FT: Will the Federal Reserve’s September meeting see US interest rates go up for the first time since 2006? Officials have held out the prospect that it might, and have suggested that — barring major unforeseen developments — rates will probably be increased by the end of the year. Conditions could change, and

The post Larry Summers slams into Fed hike appeared first on MacroBusiness.

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

Read more Views: 336
xkcd.com Monday, August 24, 2015 - 10:00 Source

 Fun With Chairs, Royal Rumble, Knife Blizzard, Breakfast for Birds, and Samba Serpents.

Read more Views: 537
Drag0nista's Blog Monday, August 24, 2015 - 09:55 Source

With the Canning by-election campaign ramping up, Tony Abbott's decision to visit Indigenous communities now muddies a narrative that should be built around jobs and the economy.

Read more Views: 682
MacroBusiness Monday, August 24, 2015 - 09:52 Source

by Chris Becker What a week that was! And for long term readers, another confirmation of my almost infallible volatility indicator, whereby if I’m on holiday or any other type of planned or unplanned break, the markets go nuts! Struck down with some serious flu last week I missed the near perfect collision of another

The post Macro Morning (Return of the bear) appeared first on MacroBusiness.

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

Read more Views: 290
MacroBusiness Monday, August 24, 2015 - 09:48 Source

From FMG: That’s a miss of 4-5% on the top line and 25% on NPAT versus expectations. Not that will any surprise to you, dear reader.

The post Fortescue produces profit shocker appeared first on MacroBusiness.

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

Read more Views: 316
Delimiter Monday, August 24, 2015 - 09:48 Source

The National Broadband Network company has acknowledged it is significantly delaying its rollout of Fibre to the Node technology in order to better test its own systems involved in the deployment, as debate continues to swirl around the controversial broadband rollout style.

Read more Views: 347
MacroBusiness Monday, August 24, 2015 - 09:08 Source

Sigh. The Dad’s Army commentary at Business Spectator is being sorely exposed by the latest dynamics of the global economy. Robert Gottliebsen is revealing: …this correction is more about fear than fundamentals, so expect a continuation of sharp fluctuations both ways as the practices involved in a correction play their role. There is a lot

The post Dad’s Army flails as Boomer age passes appeared first on MacroBusiness.

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

Read more Views: 284
Monday, August 24, 2015 - 09:07 Source

Fran Kelly and others have said Andrew Hastie is doing very well and will win more votes in Canning than another Liberal might have done.

It’s hard, though, for some of us to see him as anything more than a disaster. Some Liberals must think this also, since they’re hiding everything they know about him.

Read more Views: 301
MacroBusiness Monday, August 24, 2015 - 09:06 Source

By Leith van Onselen It’s official. The GST will be applied to all goods purchased from overseas from 1 July 2017, after Australia’s treasurers reached unanimous agreement on Friday. The new regime will replace the $1,000 threshold currently in place, which has long been accused of harming Australian retailers and bleeding the Budget of tax

The post How will online GST work? appeared first on MacroBusiness.

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

Read more Views: 284
The Australian Independent Media Network Monday, August 24, 2015 - 06:41 Source

It was an image that never left me. I carried it as one would a photograph of a loved one in a wallet. Something valuable that never left my person. I can see it now. The old house sitting close to the water’s edge. The water lapping the shore as though in conversation with the front veranda, so close to the house it was. The stillness and tranquillity of its setting seemed to set life free. Purple-breasted Moorhens played friskily at the water’s edge. They danced over the shallows making sounds that embellished the serenity. Endless blue skies seemed to frame the picturesque location.

Read more Views: 438

Pages