Blogotariat

From Westpac: The growth rate in the Leading Index remains in positive territory signalling above trend growth over much of the remainder of 2018. Drivers of the slowdown in the month have been from the domestic components – a slowing labour market; and some weakness in housing while rising short term interest rates have reflected

The post Australian leading index falls sharply appeared first on MacroBusiness.

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By Leith van Onselen Treasurer Scott Morrison has confirmed that the Turnbull Government will persist with its policy of progressively reducing the tax rate for all companies, claiming they are essential to fuel investment, jobs and wages growth. From The AFR: “We’ve had significant success already in delivering tax cuts for small and medium-sized businesses

The post US corporate tax cuts fuel share buybacks, not investment appeared first on MacroBusiness.

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By Leith van Onselen The Australian Bureau of Statistics (ABS) has released visitor arrivals and departures data for the month of February, which again posted turbo-charged net annual permanent and long-term arrivals. In the year to February 2018, there were 788,260 permanent and long-term arrivals into Australia – up 3% from February 2017 and an

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

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By Leith van Onselen Fairfax’s Matt Wade is the latest to question the Turnbull Government’s boast of record jobs growth, claiming it amounts to little when the population is also increasing so fast: As Malcolm Turnbull keeps reminding us employment has increased by more than 400,000 in the past year “the largest number on record”.

The post Australia’s rat wheel jobs market spins furiously appeared first on MacroBusiness.

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This morning I was interviewed by Sydney Radio 2GB’s Michael McLaren where we discussed Treasury’s dodgy pro-immigration propaganda. Below is the summary extract: Joint research by Treasury and the Department of Home Affairs has attempted to quash concern about our skyrocketing immigration levels, reporting that a cut to migrant intake would be economically disadvantageous. The

The post LVO talks Treasury immigration propaganda on Radio 2GB appeared first on MacroBusiness.

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It’s not a question you hear very often: “When did you grow up?” But it is one I have asked myself many times. Yes, you read it right the first time and, no, I didn’t mean “where,” I meant when.

I’m certainly a child of the 1970s — one look at my ABBA collection and that is plain enough to see. But that’s not when I grew up. At least not when I grew up Aboriginal. No, that happened much later. If I am really honest with you, I’m probably still getting there.

DreamsChildhood, school and work; the three phases of getting to two legs all afflicted with horrors that invade my sleep. I wake brooding.The boilIt's still going. Each night it is opened and ichor comes out. It hurts to move sometimes 'cos it's so tender. I didn't ride for five days to avoid chafe.FeetMy cracked skin is appealing to someone who picks their skin. I have to rub moisturiser into my feet so they don't get crusty and picked and look like a baked dry river bed. They hurt to walk on. It hurts to move my legs into a position I can do it. I look like the world's worst contortionist.AcceptanceThe battle continues.

From Australian Broker comes a sombre analysis of the interest-only mortgage reset looming for Australia’s housing market: In January, UNSW professor of economics Richard Holden published a sobering observation of Australia’s relationship with high-LVR and IO loans. In it he reported Australian banks lend an average 25% more than their US counterparts and that these

The post “Be very affraid” of interest-only mortgage reset appeared first on MacroBusiness.

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Wednesday 18 April 2018 How has it come to this? Australians have always had a sort of love-hate relationship with America. Whilst we come from an English heritage, it has been the United States that has had the most influence on our maturing as a Nation. You agree, “guys”? Rightly or wrongly we have followed…

The post Day to Day Politics: Only in America, but then we willingly shake his hand. appeared first on The AIM Network.

How does the open source moral network -- the combo of the #resistance, #metoo and #neveragain -- turn lists of violators into something people can easily digest and act upon? 

An online system that can work at scale?

I just saw something published on Twitter that moves this closer to reality. 

It takes quotes that Brexit supporters have made on Twitter and attaches it to their pictures.  Here's the result:

From our technical interactive charts, Bitcoin and most cryptocurrencies under our focus might be bottoming up. We can’t be sure of resurgence unless there is a strong follow through in the course of the week. that’s just the nature of […]

The post Weekly Cryptocurrency Price Analysis: Bitcoin, Ethereum, NEO, Ripple and Bitcoin Cash appeared first on The Global Mail.

By Leith van Onselen When it comes to Australia’s immigration program, you would be hard pressed to find a bigger liar than Treasurer Scott Morrison (see here, here and here). Yesterday, Morrison again spun a web of lies over Australia’s migrant program on ABC Radio [my emphasis]: SCOTT MORRISON: Natural increase of around 150,000 each

The post Scott Morrison lies again on immigration intake appeared first on MacroBusiness.

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