Blogotariat

Oz Blog News Commentary
Saturday, May 16, 2015 - 00:15 Source

Truly, it is a full metal panic in Abbott circles now to become an acceptable centrist government. [Macro Business, 8 May 2015]

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Friday, May 15, 2015 - 19:53 Source

Friday, May 29 has been declared a day of action and listening on Twitter on all matters to do with the health of Aboriginal and Torres Strait Islander people. #IHMayDay15 is a day for Aboriginal and Torres Strait Islander people to share their...

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Friday, May 15, 2015 - 19:03 Source

As the photos below illustrate, all roads lead to Darwin this month for the 13th National Rural Health Conference, which Jennifer Doggett will be attending and covering for the Croakey Conference Reporting Service. In previewing the conference...

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Friday, May 15, 2015 - 17:21 Source

Does our health system need a Fat Controller? In the following post, Professer Nick Graves from the Australian Centre for Health Services Innovation analyses the health measures in the Budget and argues that the health ‘machine’ needs a...

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Friday, May 15, 2015 - 16:42 Source

New Matilda's very own gun environmental and workers' rights journo Thom Mitchell opens about life, the universe and almost everything. 

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MacroBusiness Friday, May 15, 2015 - 16:20 Source

Stan Shamu Even with some solid leads from US and European trade, Asia has been lacklustre with some mixed performances across the board. Source: Bloomberg All week the theme has been selling in bond markets and how this has impacted other asset classes. Finally, we saw an official step in to calm the situation and,

The post ASX at the close appeared first on MacroBusiness.

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Friday, May 15, 2015 - 16:14 Source

John Pilger, one of Australia's most renowned journalists, honours the memory and extraordinary life and work of Kwementyaye Randall.

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MacroBusiness Friday, May 15, 2015 - 14:33 Source

From Bartho at Dad’s Army in big iron predation: The Australian Competition and Consumer Commission chairman, Rod Sims, doesn’t appear to think so. As he pointed out in a newspaper interview today, it is difficult to find predation when producers are selling product at a price significantly above their costs. “What I find strange,” he said,

The post ACCC cuts through Fortespew appeared first on MacroBusiness.

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The Australian Independent Media Network Friday, May 15, 2015 - 14:18 Source

When Leigh Sales asked Bill Shorten on Thursday night how he was going to pay for the promises he made in his budget reply speech, Bill dodged the question. Well, why shouldn’t he? Politicians do that. But the answer he should have given was: The same way governments pay for anything. They credit our bank accounts with money the Reserve Bank creates out of thin air.

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Renew Economy Friday, May 15, 2015 - 14:17 Source

Australia's big utilities may have increased market share by more than half, but they almost completely missed the biggest energy market trend in 100 years.

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Renew Economy Friday, May 15, 2015 - 14:13 Source

WA asset sell-off will include iconic solar farm Greenough River, a wind farm, peaking plants and even street lights, in effort to staunch budget bleed.

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Renew Economy Friday, May 15, 2015 - 14:11 Source

AGL Energy is rolling out solar products and battery storage for its customers. Will electric vehicles be next?

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Renew Economy Friday, May 15, 2015 - 14:08 Source

World's biggest solar maker hits energy storage market with 3.6-9.6kW 'premium value' residential battery product.

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Renew Economy Friday, May 15, 2015 - 14:06 Source

Australia has the cheapest solar in the world, and will now become the world's test site for battery storage. Enphase predicts that at least 100,000 homes in Australia will have storage by 2020, which is why it is launching its product here in 2016.

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Renew Economy Friday, May 15, 2015 - 14:02 Source

A threat to native forests and human health; just two of the reasons burning wood waste should not be included in RET.

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MacroBusiness Friday, May 15, 2015 - 13:41 Source

From the AFR: Nomura Australia rate strategist Andrew Ticehurst says a combination of low inflation, a stubbornly high Australian dollar, and the slowdown in China will force the RBA’s hand for a third time this year by November. …”In my experience, many people wait for RBA comments and guidance in order to form their opinions about what the bank might

The post Man with hot hand says more rate cuts in H2 appeared first on MacroBusiness.

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Friday, May 15, 2015 - 13:24 Source

(First published by Independent Australia)

Morrison’s war on breastfeeding and Barnaby’s war on Depp’s dogs have made impossible an early election, I would think, or any arrangement that will get more than half the Budget through the Senate. It is likely, now, that Abbott and Hockey will not survive past August; and it is worth, at this stage, asking why.

Morrison’s hatred of nursing mothers may derive, or not, from his own wife’s many miscarriages and his deranged and sad assertion that the deceased unborn would meet him in heaven, and know who he was.

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Digitopoly Friday, May 15, 2015 - 13:22 Source

What is the economic value of online behavioral data? It is a seemingly simple question.

Define the terms. Behavioral data refers to information produced as a result of actions, typically commercial behavior using a range of devices connected to the Internet, such as a PC, tablet, or smartphone. Behavioral data tracks the sites visited, the apps downloaded, or the games played.

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Renew Economy Friday, May 15, 2015 - 12:46 Source

It's time for the Latrobe Valley brown coal mines to be taught new tricks, such as how to store renewable energy with pumped hydro.

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MacroBusiness Friday, May 15, 2015 - 12:44 Source

by Chris Becker Regular readers of my Macro Morning report would know that the gold price in USD recently broke out of a sideways funk, ostensibly on a poor retail spending economic report: Compare and contrast this daily breakout to that of the US Dollar Index (DXY), a weighted basket of major and minor currencies, which

The post Understanding gold investment appeared first on MacroBusiness.

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MacroBusiness Friday, May 15, 2015 - 12:25 Source

Regular readers will know that one the themes discussed regularly is the pro-cyclicality of the steel cycle (h/t Researchtime). By that we mean that when a steel demand shock such as the one we’ve just had in China arrives it creates its own demand. It takes a lot of steel to build the furnaces, mills, railways, ports,

The post Global shipping sails into steel implosion cycle appeared first on MacroBusiness.

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MacroBusiness Friday, May 15, 2015 - 12:20 Source

By Leith van Onselen Today’s Lending Finance data for March, released by the ABS, revealed that lending outside of housing remains soft. The below charts, which track lending on a trend basis, illustrate the current state of play. First, total finance commitments initially peaked in June 2014, and have moved up by only 2.7% since

The post Lending soft, except for housing appeared first on MacroBusiness.

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MacroBusiness Friday, May 15, 2015 - 11:52 Source

By Leith van Onselen Sydney’s speculator frenzy has reached truly epic proportions, with today’s Lending Finance data for March, released by the ABS, once again obliterating all records, with both the value and proportion of mortgages going to New South Wales investors surging to another all time high. As shown below, the value of investor

The post Sydney property investor lunatics overrun the asylum appeared first on MacroBusiness.

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MacroBusiness Friday, May 15, 2015 - 11:46 Source

From Bloomie: “Iron ore is something where every big, major mining company in the world decided to bring a huge project on at the same time, which caused prices to fall by 65 percent,” Anderson said, speaking in a Bloomberg Television interview with Stephanie Ruhle at the Commodity Debate conference in New York. …“With the

The post “$40 needed” to balance iron ore market appeared first on MacroBusiness.

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MacroBusiness Friday, May 15, 2015 - 11:39 Source

Cross posted from Martin North’s DFA blog. The latest DFA Household Finance Confidence Index (FCI) to end April 2015, showed a further slight fall, from 91.97 in March to 91.87 in April, and continues to track below the long term neutral position. The results are derived from our household surveys, averaged across Australia. We have

The post Household confidence falls further appeared first on MacroBusiness.

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MacroBusiness Friday, May 15, 2015 - 10:51 Source

Consolidation is going well, from The Australian: Atlas Iron has resumed full production at all three of its iron ore mines, with the junior miner also announcing a reduced break even cost of below $US50   vs the current spot iron ore price of $62.30 a tonne, thanks to a two-year “contractor collaboration agreement.” Under the collaboration

The post Atlas resumes full production at all mines appeared first on MacroBusiness.

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MacroBusiness Friday, May 15, 2015 - 10:06 Source

Here are the iron ore price charts for May 14, 2015: Apologies for lateness this morning, data issues. Qingdao spot held up well. Tianjin benchmark was weaker at -1.3% to $61.20. Paper is retracing. Singapore doesn’t believe. Dalian had  a shocker but is stable overnight. Rebar average is right on an all time low. There’s

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

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Prosper Australia Friday, May 15, 2015 - 09:28 Source

West Australia’s Barnett government has just handed down its budget. It is the ugliest baby I have ever seen. The AFR reports: All key financial measures have been blown apart in the state budget, with net debt (above $30 billion) cash deficits (above $5 billion) and debt to revenue ratios (above 80 per cent) hitting […]

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MacroBusiness Friday, May 15, 2015 - 09:12 Source

by Chris Becker This week’s poor retail sales numbers for April in the US have really put to question the firmness of future rate hikes, confirming a poor Q1 GDP print even as job numbers look good, wage inflation remains positively stagnant. This survey from the WSJ via the chaps at ForexLive have the majority of economists seeing

The post Fed to delay rate hike again appeared first on MacroBusiness.

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MacroBusiness Friday, May 15, 2015 - 08:15 Source

By Chris Becker A mixed Asian session has turned into ebullience overnight as the rout in the bond market finally took a pause, with major yields falling across the board. A better than expected weekly initial jobless claims print in the US helped lift stocks and deep deflation in the PPI pushed tightening fears out

The post Macro Morning (stock rocket) appeared first on MacroBusiness.

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