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Renew Economy Wednesday, October 17, 2018 - 14:52 Source

Resolution calling on Origin to review membership of business groups lobbying against climate change initiatives receives 46 per cent support. "Massive", say activists.

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MacroBusiness Wednesday, October 17, 2018 - 14:42 Source

Last week Harry Triguboff brushed aside concerns about a potential slump in house prices because of Australia’s mass immigration program, while also demanding policies to stimulate the market: ‘The way Australians have always made money is on property. But prices have come down and mortgage arrears are growing,’ he said. “Prices won’t crash,” he said, but noted

The post Harry Triguboff: Housing “very dangerous, has deteriorated again” appeared first on MacroBusiness.

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Renew Economy Wednesday, October 17, 2018 - 14:30 Source

Australian cleantech accelerator EnergyLab kicks off angel investor group with Sydney-based start-up, Symbiot Technology, as the internet-of-things energy management company launches its first investment round.

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MacroBusiness Wednesday, October 17, 2018 - 13:40 Source

By Leith van Onselen When the National Broadband Network (NBN) arrived in my area in late 2016, residents were greeted with a barrage of junk mail advertisements from all manner of internet service providers offering competitively priced internet at fast speeds. At the time, I was under contract with Telstra, so I did not consider

The post NBN complaints continue to rise appeared first on MacroBusiness.

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The Tally Room Wednesday, October 17, 2018 - 13:27 Source

Apologies for this, I was planning to publish a podcast today about the Wentworth campaign and Victoria but some technical issues mean it won’t be happening. I plan to put out a post-by-election podcast this Sunday then we’ll be back in two weeks with a show all about Victoria.

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Renew Economy Wednesday, October 17, 2018 - 13:27 Source

Prime Minister Scott Morrison confirms Australia will not be pulling out of Paris climate agreement: Why? There is no need, because it will have precisely zero impact on anything.

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Renew Economy Wednesday, October 17, 2018 - 13:01 Source

Total Eren says it may nearly double size of Victoria's biggest solar plant, and add storage, as it flags push to become major player in Australian market.

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MacroBusiness Wednesday, October 17, 2018 - 12:45 Source

By Leith van Onselen Earlier this month, we heard that Melbourne’s insane population growth had caused a shocking decline in affordable housing: Melbourne’s population growth has not only added a huge amount of pressure to the suburbs, it’s also put just as much financial pressure on those who can least afford it. The result? A housing

The post Vic Labor announces hopelessly inadequate public housing policy appeared first on MacroBusiness.

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Renew Economy Wednesday, October 17, 2018 - 12:32 Source

Hydro Tasmania has had an extremely productive year, returning a strong financial result for 2017-18.

The post Exceeding all expectations – strong returns for Tasmania appeared first on RenewEconomy.

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MacroBusiness Wednesday, October 17, 2018 - 12:13 Source

AUD is holding the line today: Bonds are bid: Aussie shares have limped to a 1% gain despite wild gains overnight: Big Iron is down: Big Gas up. We picked up some WPL yesterday on Iran risks: Big Gold is fading. I remain skeptical: Big Mortgage is dead cat bouncing on good US bank earnings:

The post Beleaguered Aussie shares limp higher appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 17, 2018 - 12:00 Source

By Leith van Onselen The Australian Bureau of Statistics (ABS) has released visitor arrivals and departures data for the month of August, which again posted turbo-charged net annual permanent and long-term arrivals. In the year to August 2018, there were 821,660 permanent and long-term arrivals into Australia – up 6% from August 2017 and an

The post Long-term migrant arrivals hit another record high appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 17, 2018 - 11:54 Source

Via Westpac: • The six month annualised growth rate in the Westpac–Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, lifted from –0.02% in August to +0.21% in September. Despite a lift back above trend this month, the Index growth rate continues

The post Australian leading index continues sag appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 17, 2018 - 11:45 Source

By Leith van Onselen The Productivity Commission’s (PC) latest Trade & Assistance Review, released in April, was scathing of the processes surrounding ‘free trade agreement’ (FTA) negotiations and demanded thorough independent assessment both prior to negotiations commencing, as well as before an FTA is passed by parliament: …the Commission concluded in 2010 that the economic

The post TPP to pass Senate today without PC assessment appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 17, 2018 - 11:30 Source

By Leith van Onselen Australia’s crane count has hit an all-time high according to the RLB Crane Index: The latest edition of the RLB Crane Index shows that crane numbers in Australia have hit an all-time high of 735, up from 684 at the last count. Sydney retains its mantle as crane capital of Australia,

The post Crane numbers hit all-time high appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 17, 2018 - 11:15 Source

From Deputy Governor of the RBA Guy Debelle: Over the past year, there have been welcome developments in the Australian labour market. Employment has grown strongly, the participation rate is close to its highest level on record and the unemployment rate has declined to be at a six-year low. This is consistent with the above-trend

The post Corrupt RBA spears head into the immigration sand appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 17, 2018 - 11:00 Source

By Leith van Onselen Australia’s mining lobby has attacked Labor’s opposition to ‘free trade agreement’ (FTA) with Indonesia, claiming it must include an investor-state dispute settlement (ISDS) clause, given the Indonesian government’s recent policy of requiring resources projects to have majority ownership. From The AFR: Australian resources companies, such as Newcrest Mining and Rio Tinto,

The post Mining lobby rent seeks Indonesian FTA appeared first on MacroBusiness.

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xkcd.com Wednesday, October 17, 2018 - 11:00 Source

I'm working on assembling a combination declinometer, sclerometer, viscometer, aleurometer, stalagmometer, and hypsometer. I'm making good progress according to my ometerometer, a device which shows the rate at which I'm acquiring measurement devices.

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MacroBusiness Wednesday, October 17, 2018 - 10:55 Source

More good property bear porn from Martin North:

The post Martin North on Scenario 5: Property bust Doomsday appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 17, 2018 - 10:48 Source

It appears ScoMo has just thrown out decades of foreign policy and painted Australia into a corner in some desperate gamble over Wentworth, via The Australian: “We welcome and strongly support Australia’s review and discussions on relocating its embassy, seeking a better deal with Iran, and increasing engagement with Israel,” a White House official told

The post White House jumps on Morrison’s Israel gaff appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 17, 2018 - 10:45 Source

By Leith van Onselen The former Victorian executive director of the Property Council of Australia turned Melbourne Lord Mayor, Sally Capp, continues to flip-flop on the immigration-driven population crush afflicting Melbourne. Last month we were told by Capp to embrace a ‘Big Australia’ because it “represents opportunity”: Melbourne Lord Mayor Sally Capp has called on the

The post Sally Capp admits Melbourne is being crushed by mass immigration appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 17, 2018 - 10:30 Source

By Leith van Onselen While the developed world is gradually legalising cannabis, it seems Australia will remain stuck in the dark ages with the Senate set to reject a private member’s bill to legalise recreational weed: “It is high time we stopped interfering in adult choices,” Senator Leyonhjelm told parliament on Monday. With the coalition

The post Senate pot legalisation bill goes up in smoke appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 17, 2018 - 10:15 Source

Former RBA boss and blood-sucking banker, Bernie Fraser, is having a whinge today: Neoliberalism has caused “misery and social polarisation” yet remains in vogue with the Coalition government, according to the economist Bernie Fraser. The former Treasury secretary and Reserve Bank governor has made the comments in a presentation circulated to participants of the Australia

The post The problem is not neo-liberalism, it is neo-feudalism appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 17, 2018 - 10:00 Source

It’s the myth that keeps on giving, at the AFR: The chief executive of GWA Group expects robust demand from residential bathroom and kitchen renovators to be a solid buffer against a housing downturn as he also eyes future upside from householders eventually adopting “smart” water usage technology. GWA Group sells Caroma toilets and bathroom

The post More renovations boom garbage appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 17, 2018 - 09:45 Source

Jim “Mad Dog” Mattis is unequivocal at Bloomie: Secretary of Defense James Mattis played down tensions with Beijing, saying the U.S. was “not out to contain China” and was cooperating whenever possible, but that there would be times they would “step on each other’s toes.” “Obviously, we’re not out to contain China. We’d have taken

The post Will Australia choose the US or China? appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 17, 2018 - 09:30 Source

By Leith van Onselen ABC 7.30 Report last night aired part two of its three-part population special (see my comments on part one here). I haven’t bothered to download it, since I received zero airtime, but you can watch it for yourself here. Once again, it was a massive disappointment whose critical failure was that

The post ABC 7.30 Report population special (Part 2) appeared first on MacroBusiness.

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Your Democracy Wednesday, October 17, 2018 - 09:18 Source
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Renew Economy Wednesday, October 17, 2018 - 09:16 Source

South Australia's investment in the Tesla big battery has been an outstanding success, but its commitment to diesels is another story. The machinery is now to be leased.

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Renew Economy Wednesday, October 17, 2018 - 09:16 Source

South Australia's investment in the Tesla big battery has been an outstanding success, but its commitment to diesels is another story. The machinery is now to be leased.

The post The dirty diesel costs of South Australia’s energy plan appeared first on RenewEconomy.

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MacroBusiness Wednesday, October 17, 2018 - 09:15 Source

Is realestate.com.au the ideal housing bust short? It’s certainly come off hard recently, printing what can only be described as a monstrous technical chart with the double-top from Hell: REA makes 90% of its dough in Australia and most of that from real estate listings so its exposure to the bubble is exceptional. Yet despite

The post Is REA the ideal housing bust short? appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 17, 2018 - 09:04 Source

By Chris Becker Here comes the bounce with tech stocks leading the charge on Wall Street, exhausted selling on equity markets has turned into frantic short covering with big moves overnight. Despite the good mood, Treasury yields continue to lift higher while the USD advanced against traditional safe havens, the Aussie and Kiwi remain surprisingly

The post Macro Morning appeared first on MacroBusiness.

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