Blogotariat

Oz Blog News Commentary
MacroBusiness Thursday, May 21, 2015 - 10:02 Source

From Westpac’s excellent Elliott Clark: The release of FOMC meeting minutes is an opportune time to reassess and update (if necessary) our expectations regarding monetary policy. Not only does this document typically provide clear guidance on the degree of consensus amongst members, it also outlines key macroeconomic trends in the minds of the Committee. In this instance, what is

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MacroBusiness Thursday, May 21, 2015 - 09:40 Source

It’s open season now, from old man Gotti at Dad’s Army: In February 2013, China made it very clear to Australia that it was going to cut its iron ore and coal usage…That was the time when Fortescue had to lift its equity and prepare for a price fall, although, at that time, we didn’t

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Thursday, May 21, 2015 - 09:40 Source

Thanks to Pickering, his small team of comedy writes, and google.com, the South Australian senator no longer needs to run his costly inquiry into halal certification.

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Thursday, May 21, 2015 - 09:38 Source

Whatever else they do, the starved and screaming children on the boats off Myanmar have shown how vile the Abbott government is, and how for a hundred, five hundred years historians will see them.

They may not suffer politically, just yet. They may not face the International Criminal Court, ever. But they cannot climb out from under the pile of sewage that is daily falling down on top of them while other jurisdictions demonstrate what mercy is, and maritime law.

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The Melbourne Urbanist Thursday, May 21, 2015 - 09:34 Source

Is driving quicker than taking the train?

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Thursday, May 21, 2015 - 09:30 Source

The Federal Coalition last week announced it was launching a new advertising campaign aimed at educating families and the broader community about the dangers of the drug ice, or crystal methamphetamine. Health Minister Sussan Ley said it would...

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MacroBusiness Thursday, May 21, 2015 - 09:13 Source

By Leith van Onselen The Coalition is going to rue the day that it decided against replacing Tony Abbott as Prime Minister. After Abbott’s failed ‘captain’s calls’ on the flawed Paid Parental Leave, Prince Philip’s knighthood, and the dumping of chief whip Phillip Ruddock (amongst others), it has been revealed that the decision to rule-out

The post Super debacle Abbott’s last ‘captain’s call’ appeared first on MacroBusiness.

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MacroBusiness Thursday, May 21, 2015 - 09:12 Source

By Chris Becker A dovish Fed didn’t rock markets overnight with the rebound in the US dollar continuing while oil rose on falling DOE inventories and stocks were flat or mixed across both sides of the Atlantic. Bond markets were generally poor, with the majors all losing 4-6 basis points although US 10 year Treasuries rallied on

The post Macro Morning (Fed schmed) appeared first on MacroBusiness.

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MacroBusiness Thursday, May 21, 2015 - 08:50 Source

By Leith van Onselen Several analysts have come forward arguing that Australia’s dwelling construction boom is on borrowed time and will likely peak over the next 12 months. Key amongst these is the Housing Industry Association, which has released forecasts predicting that dwelling commencements will peak this year at 205,490 before dropping by 10.6% next

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MacroBusiness Thursday, May 21, 2015 - 08:13 Source

By Leith van Onselen Joe Hockey’s pronouncement on Budget night that there would be “no new taxes on superannuation under this government” appears to have backfired, angering seniors groups and undermining their support for reforms to the Aged Pension. Appearing last night on the ABC’s 7.30 Report, key lobby groups for older Australians – the

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MacroBusiness Thursday, May 21, 2015 - 08:02 Source

From Banking Day: Commonwealth Bank subsidiary Bankwest has imposed a loan-to-valuation ratio cap of 80 per cent on investor mortgages, as it tightens its lending standards to meet regulatory pressure to limit the growth of investment property lending. Bankwest said in a statement that the change would not affect existing investment mortgage customers or customers

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you said it... Thursday, May 21, 2015 - 07:20 Source


The Times of Israel blog entry, which Josh Bornstein did not write. Photograph: Screengrab

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MacroBusiness Thursday, May 21, 2015 - 07:14 Source

From the AFR: Real estate king pin John McGrath plans to sell down a meaningful stake in his business as part of a mooted $200 million initial pubic offering. …Sources said McGrath Estate Agents was expected to generate earnings before interest and tax of about $20 million in fiscal 2016 and net profit of about

The post John McGrath rings bell on bubble appeared first on MacroBusiness.

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MacroBusiness Thursday, May 21, 2015 - 07:00 Source

From the Fed minutes: Participants’ Views on Current Conditions and the Economic Outlook In their discussion of the economic situation and the outlook, meeting participants regarded the information received over the intermeeting period as suggesting that economic growth had slowed during the winter months, in part reflecting transitory factors. The pace of job gains had

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MacroBusiness Thursday, May 21, 2015 - 07:00 Source

Brent oil staged a small comeback last night as it became clear that the US shale production peak is in. DOE inventories fell again, from Zero Hedge: But more importantly, crude production fell sharply: The indicative LNG contract price rose to $9.47mmBtu: In news, Chevron is not happy: Chevron, which is building the giant Gorgon

The post Daily LNG price update (shale peak) appeared first on MacroBusiness.

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MacroBusiness Thursday, May 21, 2015 - 06:36 Source

Here are the iron ore charts for May 20, 2015: Qingdao iron ore fell $1.41 to $57.12 and Tianjin benchmark fell 60 cents to $57.80. Singapore is still bleeding. Dalian too though it rallied 4 points overnight and is now at 419. Worse, rebar average keeps on falling. Nothing much has changed. More price erosion

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MacroBusiness Thursday, May 21, 2015 - 05:42 Source

Well, they can’t wait to abandon the good ship Twiggy Forrest now. I’d like to say its an outbreak of good sense but I suspect it’s more like a response to intense lobbying and a wish not to be caught out on a political limb. The leader of the opposition, Bill Shorten, is suddenly all

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MacroBusiness Thursday, May 21, 2015 - 00:05 Source

Some good material at FTAlphaville today on China’s latest stimulus efforts, first from Deutsche: Here is the context why we take LGFV financing seriously. China’s weak economic performance in 2015 is to a large extent driven by a fiscal shock… Fiscal policy has been rather tight, with total government spending growth falling to -0.2% yoy in

The post No turning back for China’s adjustment appeared first on MacroBusiness.

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MacroBusiness Thursday, May 21, 2015 - 00:01 Source

Global Macro / Markets / Investing: Six of the world’s biggest banks pay $5.8 Billion, five plead guilty to FX market rigging – Bloomberg Global Banks to Pay $5.6 Billion in Penalties in FX, Libor Probe – Wall Street Journal Trader transcripts:  ‘If you ain’t cheating, you ain’t trying’ – Financial Times The $10 Hedge

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The Australian Independent Media Network Wednesday, May 20, 2015 - 21:01 Source

Ok, this has nothing to do with anybody who may have been accused of bribery in the news, so the title is a little misleading.

And by a little, I mean, completely.

But you should be really impressed with me because I’m being so upfront and honest. Just like the Abbott Government who apparently have put themselves right back on track according to the latest opinion polls which now show that – unlike the ones in the early part of the year – Tony Abbott is actually more popular than syphillus…

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Wednesday, May 20, 2015 - 18:57 Source

The  environmental group revealed "extremely poor practice" by a government logging corporation. Now they're being targeted.

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The Australian Independent Media Network Wednesday, May 20, 2015 - 16:55 Source

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MacroBusiness Wednesday, May 20, 2015 - 16:10 Source

Stan Shamu for Chris Weston, Chief Market Strategist at IG Markets Japan leads Asia Renewed US dollar strength has been front and centre of the key moves we are seeing in Asian equities. The greenback rallied helped by strong housing data as housing starts posted the best figure since November 2007. Housing starts rose by

The post ASX at the close appeared first on MacroBusiness.

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Wednesday, May 20, 2015 - 14:49 Source

Dying with Dignity campaigner Dr Rodney Syme has accused the Royal Australasian College of Physicians (RACP) of “cowardly” and “insulting” behaviour and of trying to stifle debate, after withdrawing his invitation to speak at...

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Wednesday, May 20, 2015 - 14:46 Source

Barnaby praised Vietnamese slaughterhouse workers for treating our cows even worse than he would have treated Depp’s dogs. ‘They provide a role model in applied cruelty to those obedient Asians we have inspired more than somewhat in recent years by drowning and buggering refugees,’ he said, growing puce in the face. ‘It is the next stage of what I like to call The Abbott Way.’

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Cheeseburger Gothic Wednesday, May 20, 2015 - 14:46 Source

And so it begins.

The Burger Shop.

I went with Redbubble on Wolfcat's recommendation. I can't vouch for them yet because I have no idea whether they're any good. But I've decided to dogfood my own merch by ordering a hoodie and a coffee mug.

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Renew Economy Wednesday, May 20, 2015 - 14:39 Source

Sydney group launches $20 million solar fund that will provide Power Purchase Agreement finance for small and medium enterprises, for systems up to 100kW.

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Renew Economy Wednesday, May 20, 2015 - 14:32 Source

Latest solar capacity auctions in Jordan confirms new benchmark for large scale solar in Middle East and north Africa region is 6c-8ckWh.

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Renew Economy Wednesday, May 20, 2015 - 14:25 Source

Five graphs that show why battery storage will appeal to Australian households, and will damage the bottom line of Australian utilities.

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MacroBusiness Wednesday, May 20, 2015 - 14:24 Source

Cross-posted from The Conversation: The review of the Significant Investor Visa (SIV) program was pitched by the government as an initiative to spur innovation in Australia. An outline of the revised SIV scheme was released last week, with full details yet to be released. While the review will lead to some welcome improvements, overall the

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