Blogotariat

Stockland out with a shocker: The ASX should smash these dodgy charts. Where are the year on year comparisons? These tell us precisely nothing. Not to worry. Stockland has it all in hand with more corruption in plain sight, via the AFR: Chief executive Mark Steinert says settlement defaults spiked in the year to June

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Via News: Low-paid work “provides dignity” and is an “important first rung of the career ladder”, according to a document distributed to MPs calling for the minimum wage to be scrapped. The parliamentary research brief distributed by conservative think tank the Institute of Public Affairs (IPA) argues Australia’s minimum wage of $19.49 an hour is

The post Institute of Public Evil: Scrap minimum wage appeared first on MacroBusiness.

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There’s no iron ore crash. And another thing, there’s NO iron ore crash. So says the Australian dollar today as it rises today (as it does every single day in Asia for some reason): Bonds are bid again: As XJO is shellacked: The problem being that there is an ongoing iron ore crash: Which is going to

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Transgrid’s Andrew Kingsmill on thinking big and renewable energy zones, and AEMO’s long term modelling to decarbonise the grid.

That’s the best we can say. Rescued by the powerhouses of TAS and ACT, via DEEWR: Hardly impressive. Full report.

The post Skilled vacancies stop falling appeared first on MacroBusiness.

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Via Sunland Property Group: AV Jennings is more positive: You always have to be suspicious when they baseline their charts to January, not year on year. We have absolutely no way to tell if this is recovery or bust. Still, it would some sense to see a house and land bounce while apartments get worse

The post Sunland: No property recovery appeared first on MacroBusiness.

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Via Bloomie: The 70th anniversary of the People’s Republic of China, the name used by Communist Party leaders after they forced Chiang Kai-shek’s regime to retreat to Taiwan, will feature a military parade through Beijing personally inspected by President Xi Jinping. That has raised some fears that Xi will seek to get Hong Kong under

The post Hong Kong heading for October end game appeared first on MacroBusiness.

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Good grief. Stop the kow towing, Paul: The past is a foreign country replete with false trails for the future. The two worst false trails for Australia in dealing with China are that the world is seeing a new Cold War, and that the emerging China threat will finish in a 20th-century style “victory and

The post Paul Kelly hands Australia to the Communist Party of China appeared first on MacroBusiness.

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Via Bill Evans at Westpac: The minutes of the Reserve Bank Board meeting for August have provided one significant surprise. In both the Governor’s decision statement following the meeting and the Statement on Monetary Policy( similar version), the conclusion included “the Board would continue to monitor developments in the labour market closely and adjust monetary

The post Bill Evans: Next rate cut in October appeared first on MacroBusiness.

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Via The Australian: A confidential submission to the party’s post-election review from the Labor Environment ­Action Network, obtained by The Australian, expresses “anger and disappointment”, and also “grief”, over the party’s failure to win what was expected to be an unlosable election. The submission is brutal about policy, political and leadership failures. “Labor was unable

The post Labor still confused as hell about why it lost appeared first on MacroBusiness.

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Texture from Reuters: “Despite the steel production restrictions in China, I think demand for iron ore, particularly for high-grade materials, is still at a healthy level,” the trader said. While the U.S.-Sino trade dispute has dampened global economic growth, it has not yet affected Chinese demand for BHP Group’s iron ore, Chief Executive Andrew Mackenzie

The post Daily iron ore price update (downside break) appeared first on MacroBusiness.

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The gap between male and female superannuation savings have once again been labelled one of Australia’s greatest inequalities: Almost three out of four “Millennial” women – those born between 1980 and 2000 – told a survey of 1000 people the super system was not designed to support women. Only 25 per cent of women this

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From Communist Party of China’s foreign ministry late yesterday: “It is totally understandable and reasonable for Chinese students and other Chinese citizens overseas to express indignation and opposition against such words and deeds that attempt to separate China and smear its image’” “Second, we also hope overseas Chinese can express their patriotism and protect themselves from

The post Are Chinese international students morphing into insurgents? appeared first on MacroBusiness.

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