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MacroBusiness
Monday, December 9, 2019 - 10:30
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Via Bill Evans of Westpac: The Australian economy grew by a disappointing 0.4% in the September quarter for annual growth of 1.7%. Of most concern is that this represents the fifth consecutive quarter where private final demand, which declined by 0.3% in September, either contracted or was flat. Within private final demand the most surprising The post Bill Evans: Weak growth trashes RBA and Budget outlook appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Monday, December 9, 2019 - 10:15
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Inside Story’s Tim Colebatch has penned a ripping article on how Australia’s economy is forecast by the International Monetary Fund (IMF) to lag the world’s 12 largest developed nations on per capita GDP growth: …the International Monetary Fund is forecasting that in 2020 Australia will have the highest growth rate in GDP (gross domestic product) The post IMF: Australian economy developed world’s worst appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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The Australian Independent Media Network
Monday, December 9, 2019 - 10:00
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By RosemaryJ36 When I was growing up – in the olden days! – children respected their elders, who were expected to set a good example and act as role models. Clearly not always successful! People who were not well acquainted were much more formal than is now the case, and while an adult would call… The post Respect has to be earned, Mr Morrison appeared first on The AIM Network. |
MacroBusiness
Monday, December 9, 2019 - 10:00
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The Bank for International Settlements (BIS) has released its global household debt data for the June quarter, which again ranks Australians as the second most indebted in the world. The next table summarises the ratios of household debt to GDP: As you can see, Switzerland (131%) takes the gold medal in the global household debt The post Aussies drowning in household debt appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Monday, December 9, 2019 - 09:40
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Josh Frydenberg sure is an acccomplished liar (or maybe be believes his own drivel). He writes today: The budget position has improved year-by-year, with our past three final budget outcomes $37bn better off than forecast. It is not luck that the budget is in balance for the first time in 11 years and we are The post Frydenberg dances on grave of 300 dead Brazilians appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Monday, December 9, 2019 - 09:31
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More consumer warnings: The failure of car sales to turn is one strong indication of how conservative the consumer feels. The post McMillan warns of car crash appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Monday, December 9, 2019 - 09:20
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Iroin ore charts for December 6, 2019: Spot up. Paper up more after US jobs. Steel has recovered some. The great untold story of this year’s iron ore boom continues with the release of Chinese import data over the weekend. Iron ore imports at 90.65mt, still down on a rolling annual basis: Reuters notes: The The post Daily iron ore price update (untold story) appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Monday, December 9, 2019 - 09:00
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For what it is worth, via The Australian comes two primary voting: And two party preferred: I find it hard to believe goiven the burning and stalled economy but there you have it. If you believe it, the polls have diverged since Newspoll shifted methodology two months ago, and with all other polling houses bunkered The post ScoMo surges ahead in Newspoll appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Monday, December 9, 2019 - 09:00
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By Chris Becker Friday night saw the big event on the calendar – the latest US unemployment figures via the non-farm payrolls (NFP) – which set the tone for the rest of the month and indeed year for risk taking. The release easily beat expectations, driving the unemployment rate down and sending risk markets higher The post Macro Morning appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Monday, December 9, 2019 - 07:08
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DXY jumped Friday night: The Australian dollar was capped: CFTC shorts fell sharply to -36K: Gold was hit: Oil climbed: Metals were weak but copper took off: Miners gained: EM stocks too: Junk is cruising: Treasuries were sold: Bunds too: And Aussie: As stocks push towards more record highs: Westpac has the wrap: Event Wrap The post Australian dollar shorts hosed by global green shoots appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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The Australian Independent Media Network
Monday, December 9, 2019 - 01:29
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A massive pall of smoke cloaks NSW and shrouds Canberra as the state burns in a catastrophic mega-fire already the size of greater Sydney. Too big to put out, it could last for weeks. Or until rain falls. Meanwhile, Sydney itself joins the world’s top ten most polluted cities as air quality declines as a result of… The post No emerging crisis so big the government can’t find a way to look past it. appeared first on The AIM Network. |
MacroBusiness
Monday, December 9, 2019 - 00:10
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Last week’s national accounts data dump for the September quarter was another kick in the teeth for Australian households. Various measures of incomes revealed that Australian households have experienced near zero growth in real incomes over the past seven years. First, real per capita wages & salaries nationally are 3.7% below their June 2012 peak: The post Claytons recession hits Australian households appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Monday, December 9, 2019 - 00:08
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Auction clearance rates retraced over the weekend, with the preliminary rate nationally falling to 74.5% from 78.9% last weekend: However, auction clearances were still way above the 41.0% recorded in the same weekend last year: Sydney’s preliminary clearance rate was 78.1%, down from 84.7% last weekend, but way above the 41.3% recorded in the same The post Auction clearances hold in the 70s appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Monday, December 9, 2019 - 00:05
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Earlier this year, the Morrison Government announced that is would cut Australia’s non-humanitarian permanent migrant intake by 30,000 to 160,000 in order to “restrain population growth pressures in Sydney and Melbourne in particular”. However, while the non-humanitarian permanent migrant intake has been cut, net overseas migration (NOM) and net long-term arrivals continue to balloon, running The post Temporary visa numbers balloon to record high appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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Renew Economy
Monday, December 9, 2019 - 00:05
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MacroBusiness
Monday, December 9, 2019 - 00:01
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Global Macro / Markets / Investing: The Davos Manifesto: Towards a better kind of capitalism – WE Forum Millennials weren’t the only ones gutted by the recession. Gen X has never recovered. – VOX Digital Currencies to Soar in Coming Decade, Predicts Deutsche Bank – Be In Crypto What Kind of Capitalism Do We Want? The post Links 9 December 2019 appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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Poll Bludger
Sunday, December 8, 2019 - 22:44
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Another modest Coalition lead from the second poll in a new-look Newspoll series, which also finds Scott Morrison rated well for strength, vision and experience, but less well for arrogance and “caring for others”. The post Newspoll: 52-48 to Coalition appeared first on The Poll Bludger. |
Your Democracy
Sunday, December 8, 2019 - 21:58
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THE BLOT REPORT
Sunday, December 8, 2019 - 20:49
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The Australian Independent Media Network
Sunday, December 8, 2019 - 14:49
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Writing about education reminds me of when Trump was elected. When I wrote something critical of The Donald, a number of people attacked me for being supportive of Hillary who – according to them – was responsible for just about every rotten decision that the United States has made over the past few years. I… The post How Good Is Ignoring Just About Everything? OR Back To The Basics Again. appeared first on The AIM Network. |
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Your Democracy
Sunday, December 8, 2019 - 09:08
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Coalition said 50% renewables would wreck the economy. Now their modest climate targets depend on it
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Renew Economy
Sunday, December 8, 2019 - 06:01
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Renew Economy
Sunday, December 8, 2019 - 06:01
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The post Coalition embraces the 50% renewables target it said was “reckless” appeared first on RenewEconomy. |
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The Australian Independent Media Network
Saturday, December 7, 2019 - 19:25
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By Grumpy Geezer There can be little doubt that Brother ScoMo believes that he will one day recoup his happy clapper tithes by literally ascending the gold pass holders’ escalators to his members only, prayers-by-the-spa, gay-free heaven. I, however, am eagerly awaiting his earthly due. Most Prime Ministers have a date with a dismal destiny whether it’s drowning in an angry surf… The post What fate awaits PM Morrison? appeared first on The AIM Network. |
The Australian Independent Media Network
Saturday, December 7, 2019 - 18:45
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Summit anniversaries are not usually this abysmally interesting. While those paying visits to Watford, England on the occasion of the seventieth anniversary of the North Atlantic Treaty Organisation are supposedly signatories to the same agreement, a casual glance would have suggested otherwise. This was a show of some bickering. France, never the most comfortable member,… The post A Troubled Family: NATO turns 70 appeared first on The AIM Network. |
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The Australian Independent Media Network
Saturday, December 7, 2019 - 16:00
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By Dr George Venturini On 10 August two eminent former U.N. officials, Ramesh Thakur, a former United Nations assistant secretary general, now emeritus professor in the Crawford School of Public Policy at Australian National University, and Richard Butler, a former Australian ambassador to the U.N. wrote about ‘Australia’s immoral behavior toward East Timor’ in The… The post The spying on Timor-Leste case … et cetera (part 9) appeared first on The AIM Network. |
John Quiggin
Saturday, December 7, 2019 - 14:37
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There have always been lots of people who saw nothing in politics except a bunch of windbags scoring points off each other. And a year or two back, there was a thing called anti-politics which attempted to give some kind of intellectual basis for this sentiment. |
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Renew Economy
Saturday, December 7, 2019 - 14:32
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The post Mercedes-Benz EQC 400 test drive: No holding back appeared first on RenewEconomy. |
The Australian Independent Media Network
Saturday, December 7, 2019 - 11:05
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I can’t even sit on my own verandah anymore. Surrounded by smoke, covered in ash, checking the RFS website regularly, ringing friends and family as fires approach so many of them. The land is parched and farmers are crying out for more water as we are warned to expect more mass fish kills. Who takes… The post Ensuring there will be no integrity appeared first on The AIM Network. |
Latest electricity price predictions from AEMC sees wind, solar and storage driving massive reductions in electricity prices over next three years.
Donald Trump has destroyed American leadership – I'll restore it: Elizabeth Warren
Last week (November 27th), at a press conference, Jeremy Corbyn unveiled dozens of leaked documents. Documents showing that Boris Johnson – and the Tories in general – are lying when they say there are no plans to open up the NHS to US trade.
Taylor's emission cut plan - "to the last tonne" - reveals Coalition expects to reach 50% renewables by 2030, a target it had insisted was reckless.
The Mercedes-Benz electric EQC 400 delights on a test drive day, with plenty of zip, tech and comfort. Just don't go too heavy on the pedal.