Blogotariat

Stephen Koukoulas (“The Kouk”) has published a well balanced article arguing against returning Australia’s immigration intake back to the “break-neck inflows evident in the couple of decades prior to 2020” once the COVID-19 pandemic ends: Two big issues in Australia are a shortage of quality infrastructure and pressures on house prices. In simple terms, these

The post The Kouk: Don’t return to “break neck” immigration appeared first on MacroBusiness.

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Tesla has quietly unveiled its a new standalone solar inverter, based on the tech

Via Goldman: We assess the macroeconomic implications of President-elect Biden’s campaign proposal to modify and expand the Affordable Care Act (ACA), which we believe has a good chance of enactment through the reconciliation process. Because many of the effects of the original ACA would likely recur on a smaller scale, we review the research literature

The post Bidencare to lift US worker living standards appeared first on MacroBusiness.

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The Morrison Government is under scrutiny over its lack of action in implementing the recommendations of the Hayne banking royal commission. Analysis shows that 27 of the inquiry’s recommendations have been fully implemented to date; another 44 are yet to be implemented, while the government has formally abandoned five of them. The government had committed

The post Coalition balks at banking royal commission recommendations appeared first on MacroBusiness.

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Via Sinocism: China agrees to invite WHO expert after second COVID-19 test – CGTN The British expert was among two WHO team members who did not board a flight to China after they tested positive for IgM antibodies in Singapore on Thursday. U.S. and China clash at WHO over scientific mission in Wuhan | Reuters

The post The fight for the virus narrative appeared first on MacroBusiness.

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Once he ran a non-bank lender. Now he’s singing a different tune, at the AFR: Nicholas Gruen, Lateral Economics chief executive and a former adviser to Labor treasurer John Dawkins, said the RBA was “pushing on a string” with near-zero interest rates and the fiscal policy of governments had rightly picked up some of the

The post Gruen: Don’t rely on house prices for growth appeared first on MacroBusiness.

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Karen Maley has published an article in The AFR entitled “Why we should stick with the 12pc super guarantee rate”, which is worth countering since it makes a number of dubious arguments: The [Retirement] review points out that the old-age pension has been rising faster than inflation over the past decade, and has risen faster

The post Why we should not stick with the 12% super guarantee rate appeared first on MacroBusiness.

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From the Housing Industry Association (HIA): “New Home Sales reached remarkable heights in December, nearly doubling compared to the number of sales recorded in November,” stated HIA’s Economist, Angela Lillicrap. The HIA New Home Sales report – a monthly survey of the largest volume home builders in the five largest states – is a leading

The post New home sales blow the roof off in December appeared first on MacroBusiness.

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China’s house prices are out. They lifted just 0.1% for a second month and 3.8% on the year: The majority of cities saw stable or falling prices: Top tier is dead, others are slowing: Prices are probably not yet slow enough to trigger a building bust they are trending that way and an easing in

The post Chinese house prices have stalled appeared first on MacroBusiness.

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With thousands of Victorians stranded interstate and abroad amid border closures, and Victoria’s overseas arrivals capped at a measly 160 a day, the Victorian Government last week hatched the idiotic plan to bring thousands of international students into the state to be housed in student accommodation: On Friday, a spokeswoman for the premier, Daniel Andrews,

The post Dan Andrews backflips on international students return appeared first on MacroBusiness.

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The housing affordability situation in New Zealand has gone from bad to worse, with new data released by the RBNZ showing that the value of New Zealand’s housing stock hit $1.28 trillion in the September 2020 quarter, up 10.7% year on year. When compared against the size of the economy – currently $321 billion –

The post Aussie property looks cheap compared to New Zealand appeared first on MacroBusiness.

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Iron ore price for January 18, 2021: Spot is firm. Paper took off. Rebar has not updated. Looking forward, Clive Russell has the right idea: At the same time Beijing opened the stimulus taps, there were supply concerns, particularly in number two exporter Brazil, and third-ranked South Africa, as mines and transport systems were hit

The post Daily iron ore price update (the bust) appeared first on MacroBusiness.

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Via Westpac: 1. What does a global “reflation” trade look like in Australia? • It would not be a 2021 Outlook piece without a recommendation to position for the global “reflation trade”. • Given that global central banks are committed to anchoring cash rates, and in the case of the RBA, also adopting YCC out

The post Twelve questions for the Australian dollar outlook appeared first on MacroBusiness.

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