Blogotariat

Oz Blog News Commentary
The Australian Independent Media Network Friday, December 7, 2018 - 12:10 Source

Australia is being seen as a test case. How does a liberal democracy affirm the destruction of private, encrypted communications? In 2015, China demonstrated what could be done to technology companies, equipping other states with an inspiration: encryption keys, when required, could be surrendered to the authorities. It is worth remembering the feeble justification then,…

Read more Views: 22
MacroBusiness Friday, December 7, 2018 - 11:45 Source

Via Calculated Risk: On Friday at 8:30 AM ET, the BLS will release the employment report for November. The consensus is for an increase of 190,000 non-farm payroll jobs in November (with a range of estimates between 140,000 to 220,000), and for the unemployment rate to be unchanged at 3.7%. Last month, the BLS reported

The post US jobs preview appeared first on MacroBusiness.

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

Read more Views: 26
MacroBusiness Friday, December 7, 2018 - 11:30 Source

At the diplomatic level most definitely and that could deliver a market shock if it goes badly. Via NYT: As President Trump was arranging a trade truce with President Xi Jinping of China in Buenos Aires over dinner on Saturday night, his administration was coordinating the arrest of a top Chinese technology executive who was flying through

The post How big a problem is Huawei? appeared first on MacroBusiness.

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

Read more Views: 22
MacroBusiness Friday, December 7, 2018 - 11:15 Source

By Leith van Onselen The Morrison Government failed to pass its bill that would have seen fees for low-balance superannuation accounts capped at 3% and exempt funds members under the age of 25 from compulsory life insurance after it failed to convince enough cross-benchers to vote for the bill. Consequently, younger workers and those with

The post Thanks to Labor, young worker super gouge intensifies appeared first on MacroBusiness.

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

Read more Views: 21
MacroBusiness Friday, December 7, 2018 - 11:00 Source

As we know, Aussie households are mired in an historic income recession: But it’s not enough for the Coalition. It wants even less money for workers, to wit: The Australian can reveal that Jobs and Industrial Relations Minister Kelly O’Dwyer has ­appointed six new deputy presidents — including four who have worked directly for employer groups

The post Coalition gives workers one last kick in nuts as it exits appeared first on MacroBusiness.

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

Read more Views: 27
xkcd.com Friday, December 7, 2018 - 11:00 Source

The other great lakes are just water on the far side of Canada Island. If you drive north from the Pacific northwest you actually cross directly into Alaska, although a few officials--confused by the Mercator distortion--have put up border signs.

Read more Views: 17
MacroBusiness Friday, December 7, 2018 - 10:45 Source

Via ASX: That’s now CSR, FBU, BKW and ABC all warning on the dwelling construction pipeline: It’s only the beginning and they’ve already gone and lost their minds…

The post Adelaide Brighton warns on housing 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 Friday, December 7, 2018 - 10:30 Source

By Leith van Onselen The Foreign Investment Review Board’s 2016-17 annual report, released in May, revealed a sharp contraction in residential real estate applications from foreign buyers, driven by a halving in applications from China: This was followed in October by NAB’s quarterly property industry survey, which revealed a sharp contraction in demand from foreign buyers: Especially

The post Evaporating Chinese demand to deepen property bust appeared first on MacroBusiness.

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

Read more Views: 24
Renew Economy Friday, December 7, 2018 - 10:25 Source

After a lifelong love of Jaguars, RE got to test drive the newly released, fully electric i-Pace. And, well, wow. ...Is it better than a Tesla Model S?

The post Test drive: Jaguar I-Pace, electric heaven appeared first on RenewEconomy.

Read more Views: 23
Renew Economy Friday, December 7, 2018 - 10:17 Source

In this week’s podcast, we test drive the full electric Ioniq and chat with Hyundai’s head of future mobility.

The post The Driven Podcast: On the road with Hyundai’s full electric Ioniq appeared first on RenewEconomy.

Read more Views: 20
MacroBusiness Friday, December 7, 2018 - 10:15 Source

By Leith van Onselen The UK has cracked down on their equivalent of Special Investor Visas, halting the scheme because of fears it is being used to launder money. From BBC News: Ministers are halting a “gold-plated” visa scheme offering foreign investors a fast-track to settling in the UK, as part of a crackdown on financial

The post UK cracks down on money laundering visas as Australia washes furiously appeared first on MacroBusiness.

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

Read more Views: 52
MacroBusiness Friday, December 7, 2018 - 10:00 Source

It’s a long way out but not soon enough, via The Australian: Two of Australia’s biggest energy companies say they will delay investment in new generation capacity that could help drive down prices until there is more certainty around the direction of policy, after Scott Morrison’s “big stick” legislation to break up retailers who charged

The post Election investment freeze begins 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 Friday, December 7, 2018 - 09:45 Source

By Leith van Onselen Earlier this year, leading real estate rent-seeker, the Property Council of Australia (PCA), pushed another idiotic policy “solution” to fix Australia’s housing affordability woes: offering a government-backed low deposit home loan scheme: A government-backed low-­deposit home loan scheme could help address housing affordability by getting more buyers into the market and

The post WA Government summons sub-prime first home buyers appeared first on MacroBusiness.

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

Read more Views: 16
Renew Economy Friday, December 7, 2018 - 09:42 Source

AEMO should publish an updated 100%-renewable energy plan. A lot has changed since it last tackled the issue, with little enthusiasm, in 2013.

The post Why AEMO needs to update its 100 per cent renewable energy study appeared first on RenewEconomy.

Read more Views: 44
Renew Economy Friday, December 7, 2018 - 09:36 Source

New report for Tasmania government appears more focused on slamming the brakes on distributed energy, rather than embracing the technology to help the grid.

The post Slamming the brakes on solar and batteries in Tasmania appeared first on RenewEconomy.

Read more Views: 17
MacroBusiness Friday, December 7, 2018 - 09:30 Source

By Leith van Onselen The September quarter national accounts was another shocker for Australian households. According to the ABS, the real average compensation per employee fell another 0.7% in the year to September 2018 to be 4.7% lower since March 2012: Yesterday, the Reserve Bank of Australia (RBA) also released real household disposable income (HDI)

The post Real household disposable income also continues to fall appeared first on MacroBusiness.

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

Read more Views: 25
The Australian Independent Media Network Friday, December 7, 2018 - 09:30 Source

By John Haly  The media and public’s desire for a Federal anti-corruption body and the search for revealing transparency has met with a lagging response by the government. From the mantra of “on water matters” when resisting transparency around refugee issues to the failureto submit Peter Dutton to the High Court over his extraordinary profiting from the public purse, the…

The post Comparative corruption and transparency appeared first on The AIM Network.

Read more Views: 19
Renew Economy Friday, December 7, 2018 - 09:21 Source

NSW is dependent on imports, its power stations are going to close, there is next to no transmission capacity to build more power and not much policy. Yet no one in the mainstream media gives a rats.

Read more Views: 16
MacroBusiness Friday, December 7, 2018 - 09:15 Source

Iron ore price charts for December 6, 2018: Spot down. Paper down more. Steel too. Planet coking coal drifting into its own orbit. I don’t expect much to happen between now and February. Look for flopping around in the $60-70 trading range.

The post Daily iron ore price update (60-70) appeared first on MacroBusiness.

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

Read more Views: 20
MacroBusiness Friday, December 7, 2018 - 09:00 Source

DXY was soft last night. CNY too. EUR better: AUD was hosed across developed markets: And emerging: Gold tried and failed to rally: Oil was smashed: Base metals fell: Big miners broke: And EM stocks: Also junk: Treasuries boomed: As did bunds: Stocks fell sharply but recovered losses: Westpac has the wrap: Event Wrap US

The post Australian dollar rally already over as oil cracks 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 Friday, December 7, 2018 - 09:00 Source

By Chris Becker US markets reopened and immediately went into sell mode overnight, down nearly 3% in mid-session before a late rally saw prices recover to a scratch session. European stocks were not so lucky, with big falls across the board as the trade war continues, Trump still distracted by the Mueller investigation to effect

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: 7
MacroBusiness Friday, December 7, 2018 - 08:30 Source

Goodbye Botox Boom: Construction sectors: Engineering construction (54.0 points trend) was the best performing sector in November, recording its 21st consecutive month of growth on the back of on-going strength in publicly funded investment in large-scale infrastructure projects. At the other end of the scale, apartment building activity (31.0 points trend) contracted for an eighth

The post Australian construction PMI pukes lower appeared first on MacroBusiness.

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

Read more Views: 27
Poll Bludger Friday, December 7, 2018 - 07:14 Source

Nothing much doing on the poll aggregate, but two ReachTEL seat polls provide further evidence of the Coalition's low ebb in Victoria.

The post BludgerTrack: 54.3-45.7 to Labor appeared first on The Poll Bludger.

Read more Views: 29
MacroBusiness Friday, December 7, 2018 - 06:16 Source

From Guy Debelle, deputy governor of the RBA: It is now just over 10 years since the date that people most associate with the Global Financial Crisis (GFC), namely 15 September, the day that Lehman Brothers filed for bankruptcy.[1]There have been quite a number of articles written in recent months looking back at that time

The post RBA breaks the panic button 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 Friday, December 7, 2018 - 00:15 Source

By Leith van Onselen CoreLogic’s latest dwelling sales data was more bad news for those groups heavily reliant on property transactions, such as real estate agents and state governments (via stamp duty). It also points straight down for house prices. The next chart plots annual sales volumes across the five major markets to August 2018,

The post Crashing sales volumes to drag house prices lower appeared first on MacroBusiness.

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

Read more Views: 33
MacroBusiness Friday, December 7, 2018 - 00:10 Source

Today on the podcast we have Erik Townsend, a retired software entrepreneur turned hedge fund manager, public speaker and co-author of his own popular industrial grade podcast, MacroVoices. Erik is joining us today to talk about his new book ‘Beyond Blockchain, the death of the dollar and the rise of digital currency’ and how a

The post MB Fund Podcast: Erik Townsend on the future of bitcoin appeared first on MacroBusiness.

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

Read more Views: 36
MacroBusiness Friday, December 7, 2018 - 00:10 Source

By Leith van Onselen In the week ended 6 December 2018, the CoreLogic 5-city daily dwelling price index, which covers the five major capital city markets, tanked another 0.36% – the biggest weekly decline of the past year: Values fell across all major markets except Adelaide: The quarterly decline has steepened to 2.3%, with Sydney,

The post CoreLogic weekly house price update: Oh dear! appeared first on MacroBusiness.

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

Read more Views: 27
MacroBusiness Friday, December 7, 2018 - 00:10 Source

By Leith van Onselen Western Australia’s economy appears to have taken another leg down, with yesterday’s national accounts recording a second consecutive quarterly decline in final demand, falling by 0.3% in the September quarter – the third consecutive decline: Whereas annual final demand fell by 0.8%: At the same time, Perth dwelling values have taken

The post WA economic bust gets second wind appeared first on MacroBusiness.

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

Read more Views: 27
MacroBusiness Friday, December 7, 2018 - 00:05 Source

EIA put out a timely reminder of the big picture for US oil. There has never been more proved reserves or production:   A big part of this is the economics of shale oil. A typical oil well has economics that looks something like this: Source: Changing Paradigm for the Oil Industry: From Peak Oil Production

The post Oil prices not low enough to slow US production 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 Friday, December 7, 2018 - 00:01 Source

Global Macro / Markets / Investing: Facebook’s Internal Tensions Are Reaching A Boiling Point – BuzzFeed Deutsche Bank shares fall to new all-time low – FT With a Green New Deal, Here’s What the World Could Look Like for the Next Generation – The Intercept Sell-offs could be down to machines that control 80% of

The post Links 7 December 2018 appeared first on MacroBusiness.

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

Read more Views: 25

Pages