Blogotariat

By Chris Becker  A public holiday on Wall Street was enough to take the wind out of the bubble blowers overnight with European markets putting in mild scratch session, while bond markets drifted around. The IMF lowered their growth forecasts in the recent release at Davos while oil prices came back after reaching a new

The post Macro Morning appeared first on MacroBusiness.

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When Bill Shorten couldn’t put an exact figure on how much Labor’s climate policies would cost 11 years out from the deadline of 2030, Scottyfrommarketing and our work experience Treasurer, ably abetted by a compliant media, excoriated him. It was a ridiculous question to ask in the first place to which Shorten gave the best…

The post How much will it cost – the ridiculous hypocrisy of Morrison and Frydenberg appeared first on The AIM Network.

The rebound in Sydney property prices and new mortgages (see next chart) is doing wonders for the New South Wales Budget. According to new data from the NSW Office of State Revenue, annual stamp duty receipts in December had rebounded by $250 million (5%) from their August 2019 low: In addition to rising prices, stamp

The post NSW stamp duty receipts bounce back appeared first on MacroBusiness.

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Via Deloitte: A new global report from Deloitte shows that 81 percent of Australia’s business leaders believe that climate change will have a negative impact on their business operations (compared with a global average of 48 percent). The report, The Fourth Industrial Revolution: At the intersection of readiness and responsibility, surveyed more than 2,000 C-suite

The post SmoCo isolated as business swings to climate change action appeared first on MacroBusiness.

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NSW Environment Minister, Matt Kean, recently suggested that some federal Liberals are pushing for more action on reducing emissions and arguing that we shouldn’t be using carryover credits from Kyoto. When Scott Morrison was asked about these comments he told us, “Matt Kean doesn’t know what he’s talking about, he doesn’t know what’s going on…

The post Scott Morrison Commits His Cabinet To Meeting And Beating Matt Kean appeared first on The AIM Network.

Asian stock markets are creeping ever higher, lifting by the megabullish sentiment on Wall Street from Friday night with more record highs and new yearly highs the order of the day. Chinese stocks have diverted in fortune again with the goosed Shanghai Composite lifting nearly 0.5% to almost start the week back above the 3100

The post Macro Afternoon appeared first on MacroBusiness.

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Record customer participation in demand response cuts risk of blackouts and delivers more than half a million dollars to savvy households, new data shows.

By RosemaryJ36   It is just over 45 years since Cyclone Tracy virtually destroyed Darwin. It was the event which put Darwin on the map for many Australians and the place looked like it had been hit by an atomic bomb! I am writing from memory and others who experienced the event may have very different…

The post Cyclone Tracy: a disaster in another time appeared first on The AIM Network.

A bunch of forecasts have been released predicting strong house price growth, driven by Sydney and Melbourne. First, global realtor Savills expects Sydney’s high-end market to lead the world in house price growth in 2020: Savills predicted Sydney’s prime market will grow between 6 and 7.9 per cent, putting it in the top band of

The post “Very strong” growth tipped for Aussie housing market appeared first on MacroBusiness.

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Renewable microgrid specialist begins early works on two new 5MW solar farms in South Australia, in continued focus on smaller grid-connected PV projects.

George Savvides, former head of Medibank, warns that the mass exodus of younger Australians from private health insurance will drive-up premiums and place much more pressure on the public health system in the future: George Savvides, Medibank’s chief executive for 14 years until 2016, has warned an exodus of young people from the private system

The post Private health insurers panic as young Aussies exit appeared first on MacroBusiness.

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Following last year’s federal election, the Morrison Government commissioned a review of the National Disability Insurance Service (NDIS) and the way it is managed by the National Disability Insurance Agency (NDIA). This report has now been released publicly and includes 29 recommendations on how to improve the program — including extending the life of funding

The post NDIS “bogged down in red tape and bureaucracy” appeared first on MacroBusiness.

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Research by Australian National University (ANU) associate professor, Geoff Warren, has warned that lifting Australia’s superannuation guarantee from the current 9.5% to 12% will hurt lower-income earners – a claim rejected by industry rent-seekers: MP Jason Falinski… said the ANU findings added to evidence that the scheduled rise was not in the best interests of

The post 12% superannuation will punish lower income earners appeared first on MacroBusiness.

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