Blogotariat

Oz Blog News Commentary
MacroBusiness Monday, April 27, 2015 - 00:41 Source

It’s not really the news that the RBA wants to hear but in the short term the Australian dollar is threatening to move higher according to MB’s five drivers model of valuation. The five drivers are: interest rate differentials; global and Australian growth (more recently this has become more nuanced for the Aussie to be

The post Five drivers threaten Aussie dollar breakout appeared first on MacroBusiness.

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MacroBusiness Monday, April 27, 2015 - 00:21 Source

Some bright young spark at Bloomberg has declared that iron ore is in a new bull market: Iron ore advanced into a bull market after BHP Billiton curbed expansion plans and supplies from higher-cost mines dropped, easing concern global output will outpace demand and feed a global glut. Iron ore jumped this week after BHP

The post Australia in the grip of an historic bear market appeared first on MacroBusiness.

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MacroBusiness Monday, April 27, 2015 - 00:19 Source

It had to be said, I guess, from the SMH: “None of us predicted it would be as bad as this,” Mrs Rinehart, chairman of Hancock Prospecting, said on Friday at a mining industry lunch in Sydney. “Nobody was predicting – even the most conservative ones – the ore price crash.” Of course it’s not even remotely

The post Gina: Nobody saw iron ore crash coming appeared first on MacroBusiness.

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Monday, April 27, 2015 - 00:16 Source

Excerpt from Metgasco Limited v Minister for Resources and Energy [2015] NSWSC 453 (24 April 2015):74.          Fourthly, to the extent that Metgasco submitted that it was unreasonable for the Delegate to find that the consultation undertaken was inherently ineffective, in the sense of lacking attributes and qualities that would make it efficacious, I respectfully reject that submission.

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Monday, April 27, 2015 - 00:15 Source

Coal seam and tight gas miner Metgasco Limited sets out on a deliberate collision course with Northern Rivers communities yet again and, just as before, it intends to drag the NSW Government and police along for the ride.The Sydney Morning Herald 24 April 2015:Energy company Metgasco says it will need police to escort gas drilling equipment onto its site on the NSW north coast following a court victory overturning a suspension imposed on it by the state government.Chief executive Peter Henderson said prote

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MacroBusiness Monday, April 27, 2015 - 00:05 Source

Here are the iron ore charts for April 24, 2015: Now that’s a melt-up. Qingdao spot went through the roof and Tianjin benchmark surged 5.9% to $57. Paper markets have gone berserk with Singapore 12 month swaps playing catch-up while Dalian jumped solidly but then hit the nitrous oxide Friday night ending up another 5%

The post Daily iron ore price update (melt-up) appeared first on MacroBusiness.

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MacroBusiness Monday, April 27, 2015 - 00:04 Source

Brent oil rallied to a new high of $65.40 Friday. The main causes were some short term supply disruptions in Libya and further declines in the US rig count down 22 to 932: The falls are definitely beginning to flatten out but the US shale production peak is also in sight.  But for how long? With

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

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MacroBusiness Monday, April 27, 2015 - 00:02 Source

A look back at recent initiatives by China to get its local government debt market moving from UBS via FTAlphaville: This is NOT a Chinese “QE”, but a debt restructuring and asset securitization. Contrary to some news report and comments, the RMB 1 trillion local debt swap does not mean the central government “bailing out”

The post Cracks widen in the Chinese land and debt ponzi appeared first on MacroBusiness.

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MacroBusiness Monday, April 27, 2015 - 00:01 Source

Global Macro / Markets / Investing: The Most Important Decision When Selecting a Value Investing Fund – Alpha Architect Why risk is hard to measure – VOX Europe’s Top Asset Manager Says Stock-Market Crash Possible – Bloomberg How Low Can Bund Yields Go? – PIMCO Blog ECB Said to Start Buying Covered Bonds With Negative

The post Links 27 April 2015 appeared first on MacroBusiness.

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Sunday, April 26, 2015 - 21:34 Source

A couple of tweets, an apology, a few more tweets with a healthy dose of outrage. So ends a few days in the life of Miranda Devine.

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Sunday, April 26, 2015 - 20:20 Source

Dr Tim Woodruff, vice president of the Doctors Reform Society, writes: The GP co-payment is dead. So said the Prime Minister as he made his third retraction on the issue six weeks ago. However, co-payments are far from “dead, buried and cremated” –...

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The Australian Independent Media Network Sunday, April 26, 2015 - 18:00 Source

The Vicar said; give thanks that Australia has never seen a war on its own soil.

Sir ScotchMystery disagrees.

Allow me to begin this with apologies for those upset by the stir up caused by my last effort.

It certainly got people talking; well, a few of us.

Read more Views: 559
Left Focus Sunday, April 26, 2015 - 16:25 Source

Above: Where to for Labor in July?Wasted Opportunity on Superannuation Concessions needs to be 'Put Right' at ALP National Conference in July!    Australia Institute data shows a stronger line on reform is needed.Tristan EwinsRecently Bill Shorten

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Sunday, April 26, 2015 - 16:09 Source

Adani wants to open up one of the biggest coal mines in the world. But the financial benefits are not what they seem.

Read more Views: 321
Sunday, April 26, 2015 - 11:45 Source

After slashing half a billion dollars from the annual budget, the government is now trying to link what’s left to support for its constitutional push.

Read more Views: 458
Sunday, April 26, 2015 - 11:16 Source

Abbott went to Gallipoli and in a fine speech praised the Turks for ‘stopping the boats’ at the Dardanelles and urged the EU to do likewise in the Mediterranean. ‘Those ingrates fleeing DAISH-style mass murderers in Africa,’ he said, licking his lips, ‘should be sent back there, to take their medicine; in Libya, Somalia, and Eritrea.’ Julie Bishop, in Paris, called these comments ‘moronic’ and promised ‘better speeches under my administration.’ Adoring survivors of the Charlie Hebdo slaughter hailed her as the ‘chained duck’ of South Pacific policy and looked frankly down her dress.

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Sunday, April 26, 2015 - 10:56 Source

Despite suffering a serious brain injury last year, Paul McMahon says a tragedy can still direct you to bliss and prosperity.

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Sunday, April 26, 2015 - 03:28 Source

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The Australian Independent Media Network Saturday, April 25, 2015 - 17:30 Source

Anzac Day is one of the most commemorated days in Australia and this year marks the centennial.  It is supposed to be a day to remember all those who fought and died not just for our freedom but to safeguard the freedom of others.  It is a day where we show respect for the sacrifice that so many made and to appreciate the legacy they fought to give us.

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The Melbourne Urbanist Saturday, April 25, 2015 - 12:16 Source

Designing memorials: is simple and subtle best?

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The Australian Independent Media Network Saturday, April 25, 2015 - 11:17 Source

“The reason why I am cautious is because it’s their money. I’m always cautious about taking people’s money off them”

Joe Hockey

Serendipity.

This morning I stumbled upon a quote which helped explain the thing that troubled me about the Liberal Party’s position going into the 2013 election. They were arguing that they were going to cut that “massive tax on everything”, not introduce any new taxes and still return the Budget to surplus. The obvious question was how?

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The Australian Independent Media Network Saturday, April 25, 2015 - 10:00 Source

By Dr George Venturini

Born in the grandfather’s home which was frequently honoured with the presence of Giacomo Matteotti, one of the most famous victims of Fascist brutality, son of Natale and Alda; reared by the father, a young Republican anti-Fascist fighter, in the wake of Giustizia e Libertà, he was privileged to be reading classics – there being no scarcity or limit in the home by way of books.

Clearly, the shameful war of 1940 early appeared to be lost, or so the forbidden radio sources confirmed, encouraging an atmosphere of optimism and restless expectation.

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Saturday, April 25, 2015 - 08:50 Source

(First published by Independent Australia)

There are some questions we might ask of Dutton regarding the asylum seekers sent back to Vietnam.

How many were children? How many were pregnant women? How many were girls below the age of consent? Where will these new babies and young people be educated? What jobs may they look forward to when they are grown? What income levels?

Will their parents be arrested? Will they be ‘temporarily detained’? What does this mean?

Is it a crime to leave Vietnam in a boat? What is the punishment of that crime?

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Saturday, April 25, 2015 - 08:48 Source

More than a decade in, Australia still doesn’t have a credible carbon abatement policy. Thom Mitchell explains.

Read more Views: 335
Saturday, April 25, 2015 - 08:48 Source

More than a decade in, Australia still doesn’t have a credible carbon abatement policy. Thom Mitchell explains.

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The Australian Independent Media Network Saturday, April 25, 2015 - 08:38 Source

 

 
I agree with Tim Dunlop when he says we’re currently living through a phase of ‘the normalisation of bad politics’. There are hundreds of examples of the way in which the low expectations of the Abbott government due to their blatantly, and now universally acknowledged ineptitude is giving them a free pass to keep being inept without the usual outrage that follows.

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Saturday, April 25, 2015 - 07:58 Source

The Austraian pilgrimage to Gallipoli is misunderstood, both historically and more recently, writes Associate Professor Brad West.

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The Australian Independent Media Network Saturday, April 25, 2015 - 07:53 Source

Is truth and honesty creeping into politics?

Ross Sharp swears that he caught glimpse.

Mid-morning Sunday last, I am watching ABCNews24, as is my wont, and, as also is my wont, my finger is hovering over the “mute” button on the remote just in case any Australian politician or “leading business figure” pops up talking slogans about bullshit billions here and bullshit billions there and gnarling and gnashing their squirrelly pebble gray teeth over what troublesome little bunnies we all are and how much easier it would be to run a country if it weren’t for all the stinking people in it.

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Saturday, April 25, 2015 - 03:55 Source

There’s been no ‘death cult’ like this Anzac nonsense in our national history.

We are told our young men ‘came of age’ on that fatal shore (no; they died; they died; they simply died); we are told they ‘made a sacrifice’ (no; Hamilton sacrificed them, as Abraham nearly did Isaac, to salve his crazed, embittered pride); we are told they ‘did not die in vain’ (they did; they did; no good came of it, no good at all).

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Saturday, April 25, 2015 - 00:15 Source

Australian Prime Minister Anthony John 'Tony' Abbott So far in Abbott's Australia thirteen of the fourteen signs of fascism have become obvious elements in the national government's interaction with citizens and/or in the formation of gove

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