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MacroBusiness Saturday, June 15, 2019 - 00:10 Source

Global Macro / Markets / Investing: Bitcoin causing carbon dioxide emissions comparable to Las Vegas or Hamburg – Science Daily Why are we still pretending ‘trickle-down’ economics work? – The Guardian Official Goes Rogue, Says Climate Change May Cause Next Financial Crisis – Vanity Fair World’s Retirees Risk Running Out of Money 10 Years Before

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MacroBusiness Saturday, June 15, 2019 - 00:03 Source

By Leith van Onselen The sudden sharp decline in Chinese tourists and international students has caught Australian authorities off-guard, raising painful memories of when booming Japanese arrivals slowed suddenly in the late-1980s. From The AFR: …the narrative that the boom is going to last forever is no longer accurate. China’s economy is slowing and its

The post “China forever” international student and tourism boom turns bust appeared first on MacroBusiness.

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MacroBusiness Saturday, June 15, 2019 - 00:02 Source

Via Shane Oliver at AMP: Introduction While some have expressed surprise at the recent resilience in the value of the Australian dollar around the $US0.69-0.70 level despite weak Australian growth and Reserve Bank rate cuts, from a big picture sense it has already fallen a long way. It’s down 37% from a multi-decade high of

The post Shane Oliver: Australian dollar to fall to 0.65 cents appeared first on MacroBusiness.

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The Australian Independent Media Network Friday, June 14, 2019 - 17:34 Source

In a speech about Democratic Socialism, Senator Bernie Sanders brilliantly redefined the old buzzword ‘freedom’. Frequently, we have seen this screeched by the right with ever-increasing volume whenever they want to silence disagreement. Such a term makes the heels click; it brings people into line. Typically, when the right uses the term ‘freedom’ it is…

The post Are You Truly Free? Bernie’s Brilliant Rebranding appeared first on The AIM Network.

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MacroBusiness Friday, June 14, 2019 - 17:30 Source

Asian share markets have finished the week on a mixed note with Chinese bourses falling in the wake of weaker industrial production growth numbers while gold has spiked to a new monthly high despite a much stronger USD. Chinese share markets were the main casualties again today with the Shanghai Composite falling nearly 1% to get

The post Macro Afternoon appeared first on MacroBusiness.

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The Australian Independent Media Network Friday, June 14, 2019 - 16:30 Source

The Home Secretary of the United Kingdom did his thing, which was little in the way of disagreement. The superpower has issued a request; the retainer would comply. This week, the US Department Justice Department formally sought the extradition of Julian Assange. The process was certified by Sajid Javid, a man rather distracted of late.…

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Renew Economy Friday, June 14, 2019 - 15:15 Source

render solar and storage - optimisedNSW government to use money collected through consumer electricity bills to help bring new, large-scale generation and storage capacity into its changing grid.

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Your Democracy Friday, June 14, 2019 - 14:50 Source

le jeu de paume...

The Intellectual Revolution That Made the Modern Western World

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Renew Economy Friday, June 14, 2019 - 14:48 Source

Sungrow demonstrated the latest updates to its Energy Storage System ("ESS") family at Australian Energy Storage 2019 in Sydney, Australia.

The post Sungrow to Demonstrate Latest Update of ESS Solutions Portfolio at AES 2019 appeared first on RenewEconomy.

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MacroBusiness Friday, June 14, 2019 - 13:30 Source

Welcome to your new economic model at SmartCompany: A whopping 725 workers have been back-paid more than $330,000 after a series of Fair Work Ombudsman (FWO) raids identified worrying levels of wage theft in regional Victoria and NSW. Less than three weeks after recovering $580,000 in stolen wages from regional businesses across Australia’s eastern seaboard,

The post Fair Work: 47% of regional anus economy stealing wages appeared first on MacroBusiness.

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MacroBusiness Friday, June 14, 2019 - 13:15 Source

Via the excellent Jonathon Mott at UBS: We estimate the RBA rate cuts and APRA’s removal of its interest rate serviceability floor may improve maximum borrowing capacity by around 14%. However, these changes need to be considered in the context of ongoing tightening, in particular a new HEM methodology, the rollout of Comprehensive Credit Reporting

The post UBS: HEM tightening “material impact” on Sydney, Melbourne housing rebound appeared first on MacroBusiness.

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Renew Economy Friday, June 14, 2019 - 13:11 Source

Consultation begins on AEMC 5-minute settlement rule – the 2021 change to market settings experts say will end current gaming by gas generators.

The post Batteries the winner, as 5-minute rule promises to end gas market gaming appeared first on RenewEconomy.

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Renew Economy Friday, June 14, 2019 - 13:10 Source

If Angus Taylor wants to cut emissions, boost regional economies and build a stable electricity grid, he might have to accept that the answer to all three is blowing in the wind.

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Renew Economy Friday, June 14, 2019 - 13:08 Source

RenewEconomy and The Driven to co-host electric vehicle conference in Sydney in August.

The post RenewEconomy and The Driven to host electric vehicle conference appeared first on RenewEconomy.

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Renew Economy Friday, June 14, 2019 - 13:04 Source

The GPS approval is one of the most complex and significant milestones for K2-Hydro following a long and detailed submission process with AEMO and also satisfies a key condition in Powerlink’s Offer to Connect, marking one of the final Project approvals required for financial close

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MacroBusiness Friday, June 14, 2019 - 13:00 Source

By Leith van Onselen Victorian Premier, Dan Andrews, has tacitly admitted that the state is unable to build infrastructure fast enough to keep pace with manic immigration-driven population growth. From The AFR: “We are pretty well at full-tilt with sand, gravel and concrete,” Mr Andrews told The Australian Financial Review’s National Infrastructure Summit in Melbourne

The post Dan Andrews: Victorian infrastructure can’t outrun population ponzi appeared first on MacroBusiness.

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MacroBusiness Friday, June 14, 2019 - 12:45 Source

It should read banks and AFR at war with RBA, via Chris Joye: With only two or three rate cuts left in the Reserve Bank of Australia’s kitbag, and a best-case scenario involving banks passing on half these changes to borrowers, debate is intensifying around whether the central bank will embrace quantitative easing (QE) more

The post Joye: Banks and RBA at war appeared first on MacroBusiness.

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Renew Economy Friday, June 14, 2019 - 12:32 Source

Power is literally shifting to the people, and we have only just started to conceptualise what that might mean for consumers as energy citizens.

The post Goodbye energy consumers, hello energy citizens appeared first on RenewEconomy.

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MacroBusiness Friday, June 14, 2019 - 12:30 Source

Recall this from Gottiboff two weeks ago: In the wake of the surprise May 18 election result Australia is experiencing one of the biggest sudden stimulations in its peacetime history. The Chinese realise Australia’s outlook has changed and have created a surge of buying that has skyrocketed Sydney apartment prices by 10 per cent in

The post Gottiboff’s “greatest peacetime” boom lasts 14 days appeared first on MacroBusiness.

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MacroBusiness Friday, June 14, 2019 - 12:30 Source

Via NAB’s Alan Oster: • We have changed our view on the cash rate, to include an extra cut in late 2019 – while heavily data dependent we have tentatively placed the cut in November. We also think that lower interest rates will be supported by fiscal stimulus later this year. We would not rule

The post NAB adds 3rd H2 rate cut, AUD into the 0.68s appeared first on MacroBusiness.

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Renew Economy Friday, June 14, 2019 - 12:25 Source

Wind generation hits record levels in South Australia as wind farms enjoy a rare "butterfly effect" from the failure of a unit at Loy Yang A's brown coal generator.

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MacroBusiness Friday, June 14, 2019 - 12:15 Source

What a pack of treasonous arseholes Labor are. Via The Australian: Victorian Premier Daniel Andrews says he is “very proud” to have signed his state up to Chinese President Xi Jinping’s controversial Belt and Road Initiative on trade and investment, despite his West Australian Labor counterpart, Mark McGowan, this week rejecting China’s push for his state

The post Labor’s China hacks dance on Hong Kong’s grave appeared first on MacroBusiness.

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MacroBusiness Friday, June 14, 2019 - 12:00 Source

From some dill at Domain: Gold has just had its longest winning streak in 18 months, as investors get nervous about the impact of the Trump trade wars on economic growth, and the US Federal Reserve looks likely to cut rates. Once again, excitement surrounding the “quasi-currency” metal is building – and the gold bugs

The post Gold shines for Australian dollar bears appeared first on MacroBusiness.

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MacroBusiness Friday, June 14, 2019 - 11:45 Source

Via UBS: Taking stock post-election – Has retail rebounded? No, we don’t believe it has. There is growing evidence that it has remained subdued / steady, albeit we note it is very early: i) Listed retailer updates and our channel checks suggest no change, with housing categories still softer (Figure 2); ii) Footfall has seen

The post UBS: No ScoMo consumer bounce appeared first on MacroBusiness.

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Renew Economy Friday, June 14, 2019 - 11:39 Source

Shane Rattenbury Tim Flannery act government wonderlandACT energy minister slams Federal Government on climate and energy, joining NSW minister and ESB chair Kerrie Schott calling for a coherent approach to clean energy transition.

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The Australian Independent Media Network Friday, June 14, 2019 - 11:38 Source

When it comes to health policy, you really have to hand it to the Coalition.  Literally.  Because they don’t seem to have a clue how to devise one. With great fanfare, Greg Hunt has announced the Coalition’s newfound interest in preventive health. “Whether it’s drugs and alcohol, whether it’s the work in relation to diet,…

The post Greg Hunt announces an intention to develop a strategy appeared first on The AIM Network.

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MacroBusiness Friday, June 14, 2019 - 11:30 Source

By Leith van Onselen New South Wales Planning Minister Rob Stokes says he hopes to ensure that all local councils in the state adopt the ‘missing middle’ scheme by the end of 2019. The scheme aims to speed up approvals for higher density developments in suburban developments. Stokes has told the Urban Development Institute of

The post NSW Planning Minister: Let’s bulldoze Sydney suburbs into high-rise appeared first on MacroBusiness.

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MacroBusiness Friday, June 14, 2019 - 11:15 Source

Via Bill Evans at Westpac: Over the last two weeks, I have been visiting institutional investors, real money managers, and hedge funds in Europe and London. There has been extraordinary interest in the Australian story on this visit. Westpac has received considerable credit for its views over the last eighteen months. A year ago, when

The post Bill Evans examines RBA QE appeared first on MacroBusiness.

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MacroBusiness Friday, June 14, 2019 - 11:00 Source

Via Cameron Kusher at CoreLogic: In the lead-up to the recent Federal election the Coalition announced the First Home Loan Deposit Scheme.  The scheme will provide up to 10,000 loans to first home buyers each year and will offer first home buyers better access to finance without having to save a 20% deposit.  Additional details

The post CoreLogic: FHB guarantee to worsen affordability appeared first on MacroBusiness.

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Renew Economy Friday, June 14, 2019 - 10:48 Source

Battery storage is entering the mainstream: in households and streetscapes, and with renewables and as "virtual" transmission lines.

The post Store that thought: Batteries enter the energy mainstream appeared first on RenewEconomy.

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