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MacroBusiness Tuesday, June 25, 2019 - 00:12 Source

Last week, the ABS has released two crucial pieces of data for Australia’s housing market. First, the March quarter residential property data was released showing the total number of dwellings in each state. Although this series only dates back to September 2011, it is arguably the best data to use when assessing actual dwelling supply,

The post 13 charts on Australia’s dwelling construction crash appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 25, 2019 - 00:08 Source

For well over a decade, Australia’s business lobby has argued that a strong intake of skilled migrants is required to overcome perceived chronic shortages in the labour market. However, the data has never supported this assertion. First, the Productivity Commission’s (PC) 2016 Migrant Intake into Australia report showed that while the majority (two-thirds) of Australia’s

The post Australia’s skilled migrant visa system rorted appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 25, 2019 - 00:06 Source

Via CoreLogic comes the weekly leading mortgage index: Solid enough. It would normally be falling on a seasonal basis. New listings are very weak and this is beginning to pull down unsold stock: With more rate cuts it’s not shaping as a terrible Spring. Full report.

The post CoreLogic leading mortgage index stable appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 25, 2019 - 00:05 Source

Via Bill Evans at Westpac: We have decided to bring forward the timing of the next RBA rate cut from August to July. We are surprised that we have to do this, given that a pause between cuts might have allowed for a smoother transmission process but cannot deny the explicit signals provided in the

The post Goldman: RBA to slash cash rate to 0.5% by year end appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 25, 2019 - 00:01 Source

Global Macro / Markets / Investing How single family zoning makes cities financially fragile – Strong Towns Oil prices climb as Middle East tensions simmer – Reuters Solar Energy Has Record Start to 2019 – Fool Artificial intelligence and the threat of diminishing returns – Forbes Americas: How single family zoning makes cities financially fragile

The post Links 25 June 2019 appeared first on MacroBusiness.

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Your Democracy Monday, June 24, 2019 - 23:26 Source
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The Australian Independent Media Network Monday, June 24, 2019 - 20:10 Source

Ok, I figure I can use the phrase “lest we forget” because I’m not a woman wearing a head scarf like Yassmin. Yes, it was a pretty head scarf and she certainly looked a lot better than  Pauline in her head to foot contraption. Although I must say Pauline looked better in her head to…

The post Scott McIntyre, Lest We Forget… appeared first on The AIM Network.

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The Australian Independent Media Network Monday, June 24, 2019 - 19:00 Source

By 2353NM   And that has nothing to do with fuel marketing cycles that seem to afflict larger cities around the country, the cost of importing fuel because the multi-national refining companies have determined it is not economic to produce fuel in Australia or any one of the hundreds of other theories of why it now…

The post You’re paying too much appeared first on The AIM Network.

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Renew Economy Monday, June 24, 2019 - 18:05 Source

green hostingGreen hosting first emerged at the start of the century, but times have changed and the sector has evolved as consumers awareness increases.

The post Green Hosting, the future of eco-friendly websites appeared first on RenewEconomy.

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Your Democracy Monday, June 24, 2019 - 17:16 Source
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MacroBusiness Monday, June 24, 2019 - 16:30 Source

Asian share markets are literally treading water while currencies are the only movers as traders try to find their feet at the start of the trading week. There was a  fly in the ointment for Aussie short sellers – the RBA – as Governor Lowe’s speech put a little boost under the beleaguered currency. Chinese share

The post Macro Afternoon appeared first on MacroBusiness.

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En Passant Monday, June 24, 2019 - 16:20 Source

Until Go Fund Me suspended his campaign, Israel Folau had raised about $565,000 in 4 days to support his legal action against Rugby Australia.

RA sacked him from his $4 m employment contract because he breached a term of it. He was to be inclusive, and his post about sinners (like drunks, adulterers, and homosexuals) going to hell if they did no repent was clearly not.

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The Australian Independent Media Network Monday, June 24, 2019 - 15:58 Source

Surveillance is merely a variant of violent voyeurism, the human behind the camera or visual apparatus observing behaviour in a setting, often private. Its premise is privacy’s violation; its working assumption is privacy’s irrelevance; officially tolerated such a concept is unofficially repudiated. Studies on surveillance do as much to reveal its problems as accommodate them:…

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Renew Economy Monday, June 24, 2019 - 15:20 Source

sapphire wind farm pic canberraThe ACT doubles down on its renewable energy commitments as Australia's largest community solar farm moves towards construction after securing funding.

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Renew Economy Monday, June 24, 2019 - 15:05 Source

WA's Collgar Wind FarmW.A.'s 207MW Collgar wind farm now entirely owned by Rest Industry Super, after the minority shareholder bought up UBS Asset Management's 60% stake.

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Your Democracy Monday, June 24, 2019 - 14:00 Source

jesus saved

An amusing article in the Christian Post makes interesting nonsense....

Free College! Guaranteed Basic Income! Medicare for All! Cancel Student Debt!

read more

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MacroBusiness Monday, June 24, 2019 - 13:15 Source

Via Moody’s: Second-Quarter 2019 Housing Forecast Report The May CoreLogic Hedonic Home Value Index results show the national housing market continuing its correction, led by Sydney and Melbourne. The national index for home values has fallen for almost two years. The decline has been sharper in house values compared with apartment values; house values have

The post Moody’s: No house price recovery until 2021 appeared first on MacroBusiness.

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MacroBusiness Monday, June 24, 2019 - 13:15 Source

Via Albo: What we have determined this morning to do is to propose a negotiating position to the Government which would bring forward tax cuts faster for those who need it and importantly those who will spend it to stimulate demand in the economy.” We have determined the following position: Stage one – of course,

The post Labor to support stages 1&2 of tax cuts appeared first on MacroBusiness.

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MacroBusiness Monday, June 24, 2019 - 13:00 Source

It’s been like a warm blanket settling over markets for the past few weeks as the Lunatic RBA finally began to talk down the AUD. But it’s back to regular programming today as Phil Lowe ripped it off with a icy blast that questioned the usefulness of global easing: Lowe said the accomodative monetary policy would

The post Lunatic RBA blasts Australian dollar higher appeared first on MacroBusiness.

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MacroBusiness Monday, June 24, 2019 - 12:45 Source

Via Damien Boey at Credit Suisse: The RBA has just released a paper about the history of the Australian equities. It contains some very useful and unique historical data on the Australian market. For context, earnings, dividends and total returns data for the Australian market has been quite sparse, and of questionable quality going back in

The post RBA recommends you buy shares appeared first on MacroBusiness.

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MacroBusiness Monday, June 24, 2019 - 12:30 Source

Via AVEO today:

The post AVEO warns again as old farts sit on weak property appeared first on MacroBusiness.

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MacroBusiness Monday, June 24, 2019 - 12:12 Source

Via Gareth Aird of CBA comes a note to shake the towers of the great: Overview Economic growth has slowed in Australia. But looking at the economy from a public/private sector perspective shows a marked difference in what has been occurring. Government demand has been strong while private demand has been weak (chart 1). In

The post CBA: Australian economy now a ward of the state appeared first on MacroBusiness.

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MacroBusiness Monday, June 24, 2019 - 11:45 Source

Federal Treasury conducted a business liaison program in February and March, the findings of which were used to inform the Budget. A number of submissions to the program claimed that bans on plastic bags were hurting the $320 billion retail sector, as shoppers were less able to carry large amounts of groceries to their car

The post Retailers blame plastic bag ban for sales slump appeared first on MacroBusiness.

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Renew Economy Monday, June 24, 2019 - 11:43 Source

To make energy more affordable and future-proof our grid, we must better coordinate rooftop solar, batteries and other devices owned by consumers.

The post The real energy revolution is happening in our homes appeared first on RenewEconomy.

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Renew Economy Monday, June 24, 2019 - 11:38 Source

Having the power system frequency poorly controlled is like driving a car on a rough road.

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MacroBusiness Monday, June 24, 2019 - 11:30 Source

Former Productivity Commission chairman Peter Harris says the federal government should consider adopting key recommendations in the ‘Shifting The Dial’ report, which the Commission released in 2017. In particular, he has called for state governments to phase out stamp duties on property transactions in favour of a land tax, arguing that this would help to

The post Productivity Commission: Dump stamp duties for land taxes appeared first on MacroBusiness.

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MacroBusiness Monday, June 24, 2019 - 11:15 Source

The NSW Government wants to accelerate approvals for higher density developments across Sydney’s ‘missing middle’ suburbs by making it easy to subdivide blocks. Specifically, the government wants to give developers the ability to build without lodging a development application and without having to notify neighbours. From The ABC: Sydney’s population is expected to swell to

The post NSW Government plans slum future for Sydney appeared first on MacroBusiness.

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Skepticlawyer Monday, June 24, 2019 - 11:07 Source

A clade is a group of organisms with a common ancestors. Identifying clades in human genetics maps out the ancestry of human groups. Like most genetic analysis of human populations, it is based on identifying

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MacroBusiness Monday, June 24, 2019 - 11:00 Source

Last week I noted the campaign to get Santos’ Narrabri gas project off the ground owing to its importance as a foil for the Centre Alliance push for gas reservation and, by extension, the ScoMo’s Government’s tax cuts. The AFR declared the project all but approved: Encouraging indications that the Narrabri gas project will go

The post Santos lies again appeared first on MacroBusiness.

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Renew Economy Monday, June 24, 2019 - 10:50 Source

Beryl solar farm reaches full output just a month after energisation.

The post Beryl solar farm reaches full output after single month of commissioning appeared first on RenewEconomy.

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