Blogotariat

Oz Blog News Commentary
MacroBusiness Friday, February 16, 2018 - 12:00 Source

Via Moody’s: Declining Default Rate Offsets Drag of Higher Interest Rates Corporate bond yield spreads have been relatively steady throughout recent equity market tumult. Expectations of a declining high-yield default rate into early 2019 have anchored corporate yield spreads. Moody’s Default Research Group predicts that the U.S.’ high-yield default rate may drop from January 2018’s

The post US corporate debt holding up appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 22
The Australian Independent Media Network Friday, February 16, 2018 - 11:48 Source

One hardly knows where to begin. Yesterday, Head Galoot Malcolm Turnbull announced that in an effort to curb the apparent enthusiasm of his ministers for shagging their staffers, he was adding a new rule to the ministerial regulations, forbidding sexual relationships. Only ministers are denied these pleasures: backbenchers can carry on as usual. Turnbull has…

The post Turnbull’s latest bag of tripe appeared first on The AIM Network.

Read more Views: 17
MacroBusiness Friday, February 16, 2018 - 11:30 Source

Via Ambrose Evans-Pritchard: Say your prayers. We no longer have a lender of last resort fully standing behind the global financial system. The US Federal Reserve is prohibited by law from carrying out precisely those emergency actions that halted contagion and a worldwide collapse in October 2008. The Dodd-Frank Act and the post-Lehman culture of righteousness on

The post AEP: No Bernanke to save us next time appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 28
MacroBusiness Friday, February 16, 2018 - 11:17 Source

Nice work, Guv, form the Parliament Q&A: Lowe has jumped into the debate on corporate tax cuts in a big way. He says Donald Trump’s tax cuts are ‘very problematic’ because they blow out the budget deficit and Australia should not go the same way. He says that over the next six years US budget

The post Phil Lowe condemns corporate tax cut, AAA rating appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 46
MacroBusiness Friday, February 16, 2018 - 11:06 Source

Via AFR: The Energy Security Board’s discussion paper on the National Energy Guarantee shows the ESB has begun to recognise “the complexity of the beast it has created” but made no progress in resolving it, says Bruce Mountain, director of Carbon + Energy Markets. The ESB paper released Thursday posed 79 questions to be resolved

The post Turnbull’s NEG begins to fall apart appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 20
Harrangue Man Friday, February 16, 2018 - 11:02 Source

I wasn't this error prone when working but I just did a typical re-read of an email and re-sent it because there was a mistake that needed to be corrected. It was the second re-send.I know why it is; it's because when I am drafting these emails it's traumatic and my upside-down brain is screaming at me to get it done as quick as possible. Which means I do a brief edit before sending and then my brain makes me re-read it, find mistakes, and send again.It makes me look like a fuckwit re-sending an email twice for a total of three times. Last time I did it I had an anxiety attack. This time I am just "...

Read more Views: 26
xkcd.com Friday, February 16, 2018 - 11:00 Source

For a while, some physicists worked on a theory unifying the other forces with both the force of gravity and the film "Gravity," but even after Alfonso Cuarón was held in a deep underground chamber of water for 10^31 years he refused to sell his film to Disney.

Read more Views: 9
Renew Economy Friday, February 16, 2018 - 10:54 Source

Windows have been ubiquitous in society for centuries, filling our homes and workplaces with natural light. But what if they could also generate electricity?

Read more Views: 21
Inside Story Friday, February 16, 2018 - 10:43 Source

The world’s capital of country music is embroiled in a controversy that could easily be set to three banjo chords. Deep down south in Nashville, Tennessee, the city’s mayor is in the midst of a sex scandal.

The married mayor, it seems, had an affair with the married head of the mayor’s security detail. Not surprisingly, the mayor is now under pressure to resign. And irregularities in travel arrangements could yet bring this about.

Read more Views: 19
MacroBusiness Friday, February 16, 2018 - 10:32 Source

Crashed -7% at the open to new lows but has rebounded: It appears this is all we are going to get: I knew this float wouldn’t be pretty but didn’t expect this circus.

The post McGrathmageddon again appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 18
Harry Clarke Friday, February 16, 2018 - 10:23 Source

A penny dreadful mining exploration company that I have followed in the past (to my regret) has made losses for each of the past 10 years.  It has several exploration sites that it owns or co-owns,  but none is anything close to a producing mine – indeed at some “promising” sites, only a single drill sample has been analyzed. Several of the sites are in Africa.   The firm is capitalized at about $40m but has cash at the bank of only about $500,000.  Over the past 6 months, it spent $1.7m on “administrative and corporate costs” (it pays its CEO $700,000 annually) and about $900,000 on “exploration and evaluation” activities.

Read more Views: 22
Inside Story Friday, February 16, 2018 - 10:20 Source

Just six weeks into 2018 and it is already obvious that Donald Trump’s new year resolutions didn’t include making any positive changes in his behaviour and approach to government. He continues to tweet policy pronouncements and commentaries based on information gleaned from his favourite media outlets rather than official briefings and memoranda.

Read more Views: 19
MacroBusiness Friday, February 16, 2018 - 10:05 Source

From the Guvner in Parliament: My colleagues and I welcome these opportunities to explain our thinking on the Australian economy and to answer your questions. We view it as an important part of the accountability process for the Reserve Bank. Since we last met in August, the improvement in the global economy has continued and

The post Phil Lowe cheers falling house prices appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 14
MacroBusiness Friday, February 16, 2018 - 10:00 Source

By Leith van Onselen Yesterday’s ABS labour force release for December revealed further good news for those aged 15 to 24 years old that are looking for a job. The trend headline unemployment rate fell slightly from 12.26% in December to 12.24% in January: Total employment growth for those aged 15-24 years of age recently

The post Youth labor market loses momentum appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 15
John Quiggin Friday, February 16, 2018 - 09:32 Source

I’ve finally committed to delivering a manuscript of my long-overdue book Economics in Two Lessons. As part of the process, I’m going to post the chapters, one at a time, and ask for comments, criticism, encouragement and so on. To begin at the beginning, here’s the Introduction.



Read more Views: 24
MacroBusiness Friday, February 16, 2018 - 09:30 Source

By Chris Becker As US Treasury yields march onward to the 3% level, risk markets are heading back to their jubilant highs with US stocks rallying strongly as European bourses put in much smaller gains. The USD is falling, helping gold – and Bitcoin which is near $10,000 again – and the majors, with Yen

The post Macro Morning appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 13
MacroBusiness Friday, February 16, 2018 - 09:30 Source

By Leith van Onselen Back in September, Immigration Minister, Peter Dutton, launched another attack on ‘boat people’ while conveniently ignoring the hundreds of thousands of immigrants let into Australia each year by plane. Then in October, following the Australian Population Research Institute’s latest survey showing three-quarters of Australians do not believe that the country needs

The post Liar Dutton pretends to cut immigration appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 14
MacroBusiness Friday, February 16, 2018 - 08:46 Source

From the CREA: Home sales via Canadian MLS® Systems dropped sharply in January after having climbed to the highest monthly level on record in December. Although activity retreated to the lowest monthly level in three years, January sales were on par with the 10-year monthly average. Activity in January was down in three-quarters of all

The post Canadian housing market freezes appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 15
MacroBusiness Friday, February 16, 2018 - 08:25 Source

DXY cratered to new lows last night: But the AUD fell as well against everything: Including EMs: All it took was one thinning jobs report. Gold stalled but if both DXY and AUD are going to fall then local miners are in clover: Brent wants to correct but is being held up by the falling

The post Gold shines as dollar duds duke it out appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 23
The Australian Independent Media Network Friday, February 16, 2018 - 06:00 Source

Friday 16 February 2018 Today I had intended to write on the subject of taxes. I had gathered all my notes and placed them in my Pages document ready to rip into it. However, my wife kept nagging me about doing things that I had kept putting off. In addition to that, Barnaby Joyce seemed…

The post Day to Day Politics: Beetroot Head now officially off the boil. appeared first on The AIM Network.

Read more Views: 18
Poll Bludger Friday, February 16, 2018 - 04:03 Source

ReachTEL polls New England, as the headline numbers from BludgerTrack poll aggregate record little change.

The post BludgerTrack: 52.3-47.7 to Labor appeared first on The Poll Bludger.

Read more Views: 27
oecomuse Friday, February 16, 2018 - 02:53 Source

Almost everything we are formally taught about our system of government is deeply anchored in vested dishonesty. All the formal claims to democratic principle fall short. Here is how those structural designs benefit as undeserving a character as Barnaby Joyce.

Read more Views: 26
MacroBusiness Friday, February 16, 2018 - 00:36 Source

Lock up your daughters: Malcolm Turnbull has banned his minsters from having sex with their staff, sent Barnaby Joyce on leave and suggested he “consider his position”, as he tried to end the embarrassment crippling his government. Hours after telling Parliament Mr Joyce would be taking leave next week and therefore would not serve as Acting Prime

The post Do-nothing Malcolm bans sex with Inbred Tomato appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 24
MacroBusiness Friday, February 16, 2018 - 00:30 Source

Find below yesterday’s live webinar on the outlook for the AUD/USD across this year: ———————————— David Llewellyn-Smith is chief strategist at the MB Fund which is currently overweight international equities that will benefit from a weaker AUD so he definitely talking his book (or Westpac is!) Fund performance is below: If these themes interest you then

The post Australian dollar forecast 2018 appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 22
MacroBusiness Friday, February 16, 2018 - 00:21 Source

From the Fake Right (AKA AFR) today: In between offering praise for Pauline Hanson, Australia Institute executive director Ben Oquist declared victory this week over the Coalition’s plan to reduce business taxes. “Not just the politics, but the economics of those tax cuts has been exposed,” he says. On the contrary. The economics didn’t change

The post Fake Right prints corporate tax cut propaganda appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 18
MacroBusiness Friday, February 16, 2018 - 00:21 Source

By Leith van Onselen The Guardian has labelled a “national disgrace” the loss of biodiversity across Australia as massive rates of land clearing and urbanisation over-run the natural habitat: More than 1,800 plant and animal species and ecological communities are at risk of extinction right now… Australia’s management of threatened species… has seen the country

The post Fake Left appalled at its own environmental destruction appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 27
MacroBusiness Friday, February 16, 2018 - 00:20 Source

Via Domainfax: Embattled real estate agency McGrath is seeking “urgent clarification” from incoming executive chairman and founder John McGrath after becoming privy to information relating to recent media reports. The company requested a trading halt on Thursday morning pending an “announcement regarding recent media comment in relation to Mr McGrath”, after delaying a conference call

The post What on earth is McGrathmageddon set to announce? appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 48
North Coast Voices Friday, February 16, 2018 - 00:16 Source

Labor MP for Hunter Joel Fitzgibbon on his feet in the House of Representatives, listing some of Deputy Prime Minister, Minister for  & Nationals MP for New England Barnaby Joyce's many failings.Hansard, 14 February 2018:I want to quickly take us to the member for New England's performance. I'm going to read this as quickly as I can. There are so many to talk about.

Read more Views: 57
North Coast Voices Friday, February 16, 2018 - 00:15 Source

As the story unfolded.........ABC News, 16 April 2016:Oil and gas company Linc Energy has been placed into administration in a bid to avoid penalties for polluting the environment, a Queensland green group says.It was announced late Friday that administrators PPB Advisory had been called in to work with Linc's management on options including a possible restructure.In a statement to the ASX, the company said after receiving legal and financial advice and considering commercial prospects the board decided it was in the best interests of

Read more Views: 56
MacroBusiness Friday, February 16, 2018 - 00:13 Source

By Leith van Onselen The deflation of Sydney’s housing market has continued for the 23rd consecutive week, with CoreLogic’s dwelling values index registering another 0.15% decline, and values down a cumulative 3.7% over that 22-week period, and dwelling values also down 3.6% over the past 28 weeks: Sydney’s quarterly growth rate continues to turn negative,

The post Sydney house prices fall for 23rd consecutive week appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 47

Pages