Blogotariat

Oz Blog News Commentary
MacroBusiness Thursday, May 18, 2017 - 06:40 Source

DXY was hammered last night as euro and the yen soared: Commodity currencies were mostly weak: Gold soared: Oil rose too: Base metals were mixed: Big miners hit: EM stocks pounded: High yield too: US bonds were bid big: European stocks pulled back, US were hit hard: Markets impeached! Via the FT: Impeachment is not

The post Markets impeached 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 Thursday, May 18, 2017 - 05:54 Source

Thursday 18  May 2017 Only in America. Where else in the world would people deliberately elect as their President a man who is an acknowledged racist, sexist, a sexual predator, a homophobe, a xenophobe, a conspiracy theorist, a bully, an imposter, con man and would-be dictator. This of course raises the obvious question as to…

The post Day to Day Politics: The Trump Report No. 15 appeared first on The AIM Network.

Read more Views: 57
MacroBusiness Thursday, May 18, 2017 - 05:27 Source

That is what leading indicators are saying. CoreLogic’s leading mortgage index is suggesting at best a rerun of the pre-rate cut 2015 stall of prices to zero growth (I’ve annotated chart): Westpac’s “time to buy a dwelling” index is also an excellent leading indicator (I’ve annotated chart) with big dips correlating nicely with price peaks:

The post House prices are going to stall, rate cuts follow appeared first on MacroBusiness.

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

Read more Views: 26
North Coast Voices Thursday, May 18, 2017 - 00:16 Source

Council rates don't just rise because the dollar value of lots in a local government area increase or because a council needs to play catch-up with its infrastucture and road maintenance debts.Rates may also rise over time because of the cumulative cost of too many people vandalizing or illegally dumping on property owned or managed by a council.Here is a classic example.

Read more Views: 34
North Coast Voices Thursday, May 18, 2017 - 00:15 Source

The U.S. Federal Bureau of Investigation (FBI) has been investigating Russia’s involvement in the U.S. presidential campaign since July 2016 and in December that year the U.S. Office Of National Intelligence began a review of Russian activities and intentions in recent U.S. elections (report). The U.S. Central Intelligence Agency (CIA) reportedly began an investigation into Russia’s potential meddling in the US election last year as well.In January 2017 the U.S.

Read more Views: 42
MacroBusiness Thursday, May 18, 2017 - 00:12 Source

By Leith van Onselen Yesterday’s wages price index released by the ABS revealed that wages growth across the nation hit another all-time low 1.88%, with private sector workers (1.71% growth) faring much worse than their public sector counterparts (+2.32%): The news was better when adjusted for underlying (core) inflation, with annual wages growth rising 0.1%

The post Aussie households getting poorer at a good clip appeared first on MacroBusiness.

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

Read more Views: 41
MacroBusiness Thursday, May 18, 2017 - 00:11 Source

From Domain: With Fairfax’s major shareholders warming to the price TPG and its bidding partners are willing to pay for the company, foreign investment approval will be one of the big potential hurdles to getting a deal across the line. While TPG’s primary interest in Fairfax is ownership of the fast-growing real estate advertising portal

The post TPG should be forced to divest Fairfax mastheads appeared first on MacroBusiness.

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

Read more Views: 32
MacroBusiness Thursday, May 18, 2017 - 00:11 Source

By Leith van Onselen The Turnbull Government’s hopes of resurrecting the Trans-Pacific Partnership (TPP) trade deal have received a boost, with member nations meeting in Vietnam this weekend to discuss a way forward without the US. From The Australian: Since President Donald Trump withdrew the US from the deal Japan has shown signs it would

The post Push now on for TPP 2.0 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 Thursday, May 18, 2017 - 00:10 Source

By Leith van Onselen A new survey has been released showing that the overwhelming majority of Sydneysiders oppose foreign investment into residential property. From Domain: A new study into attitudes towards foreign investors, spearheaded by University of Sydney housing researcher Dallas Rogers, surveyed 900 Greater Sydney residents in November 2015 and was released on Wednesday after being published in

The post Sydneysiders say “no” to foreign property buyers appeared first on MacroBusiness.

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

Read more Views: 29
MacroBusiness Thursday, May 18, 2017 - 00:10 Source

By Leith van Onselen With the release of the ABS’ housing finance data for March, it is an opportune time to once again plot CoreLogic’s dwelling price series against the total value of finance commitments (excluding refinancings) as measured by the ABS. Note: the ABS’ housing finance data is current to March 2017, whereas CoreLogic’s

The post Gulf between housing finance and CoreLogic index remains appeared first on MacroBusiness.

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

Read more Views: 36
MacroBusiness Thursday, May 18, 2017 - 00:06 Source

Australian banks are upset. Their $30 billion per year gravy train of profits from the Australian people is finally being slowed down. A levy on bank liabilities of 0.06% annually was announced as part of the 2017 Federal government budget, and is expected to raise about $1.5 billion per year, or 5% of bank profits.

The post The bank competition myth appeared first on MacroBusiness.

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

Read more Views: 43
MacroBusiness Thursday, May 18, 2017 - 00:05 Source

By Leith van Onselen In his post Budget speech delivered yesterday, Labor Shadow Treasurer, Chris Bowen, pledged to block the Coalition’s Budget measure allowing young Australians to make contributions into their superannuation for future use as a home deposit. From The New Daily: In his budget reply speech on Wednesday, Mr Bowen said most of

The post Labor to block Coalition’s FHB super bribe 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 Thursday, May 18, 2017 - 00:05 Source

Iron ore price charts for May 17,2017: Tianjin benchmark added $1.10 to be $61.50. Thus physical is still under-performing paper by a long way. The latter firmed over night but not with any great vigour. This does not look like a very strong rebound. And why would it be given all it will do raise

The post Daily iron ore price update (all good!) appeared first on MacroBusiness.

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

Read more Views: 16
Skepticlawyer Thursday, May 18, 2017 - 00:03 Source

Many moons ago, Katy Barnett (Legal Eagle), Lorenzo M Warby (Lorenzo), and I (skepticlawyer, aka Helen Dale) ran quite a popular blog from this site. Apart from Lorenzo’s sterling efforts, the blog has fallen by the wayside, and we kind of forgot its Facebook ‘fan’ page existed.

Read more Views: 36
MacroBusiness Thursday, May 18, 2017 - 00:01 Source

Global Macro / Markets / Investing: Never mind the robots; future jobs demand human skills – FT Management practices and productivity – VOX Cost of Health Insurance Isn’t All About Fairness – Bloomberg Opec vs. Shale — Round 3 – Energy Intel Hackers mint crypto-currency with technique in global ’ransomware’ attack – Reuters Bond Math Tells One Analyst That Ultra-Long

The post Links 18 May 2017 appeared first on MacroBusiness.

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

Read more Views: 43
Your Democracy Wednesday, May 17, 2017 - 21:23 Source

gagging banks...

Australia's biggest banks say they have been forced to sign a confidentiality agreement before the Government provides executives with draft details of a new $6.2 billion tax.

read more

Read more Views: 21
The Australian Independent Media Network Wednesday, May 17, 2017 - 19:33 Source

By Denis Bright As the Trump Administration looks inwardly to rehabilitate its domestic economy, China’s President Xi is sprinting ahead with a New Globalization Initiative: The One Belt One Road Project. The recent Belt and Road Summit in Beijing on 13-14 May 2017 attracted representatives from 130 countries including 30 heads of state from all…

The post All cheers for the new globalization? appeared first on The AIM Network.

Read more Views: 66
MacroBusiness Wednesday, May 17, 2017 - 16:30 Source

by Chris Becker Stocks sold off across the region today with increased volatility over the Trump administration turmoil and a lower USD as a result. This has sent risk to safe havens like Yen, dropping Japanese stocks in the process, and government bonds with US and Aussie yields both dropping. Commodities remain mixed with oil

The post Macro Afternoon appeared first on MacroBusiness.

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

Read more Views: 91
Political Owl Wednesday, May 17, 2017 - 15:49 Source

A cryptic reference in the New York Times today puts the Australian government on the side of big business in the continuing talks on the United Nations climate change agreement.The Times reports that developing nations and environmental groups are challenging some of the world’s biggest companies and wealthiest countries over the role corporate lobbyists play in United Nations climate change negotiations.

Read more Views: 38
Renew Economy Wednesday, May 17, 2017 - 14:35 Source

It is difficult to overstate just how profound the impacts of wide-scale, low-cost energy storage will be on the utility sector.

Read more Views: 102
Renew Economy Wednesday, May 17, 2017 - 14:34 Source

Rooftop solar likely saved nearly $1 billion in electricity costs during the February heatwave in NSW, as well as helping to keep the lights on. But solar households and businesses got little reward for their contribution.

Read more Views: 92
MacroBusiness Wednesday, May 17, 2017 - 14:30 Source

Cross-posted from The Conversation: Renters are already the weak party at the negotiating table because they cannot ignore their need for a place to live. But a new series of apps that pit renter against renter will only further tip the balance of power in favour of landlords, making it even harder to get a

The post Rent bidding apps will make renting more unaffordable appeared first on MacroBusiness.

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

Read more Views: 82
The Australian Independent Media Network Wednesday, May 17, 2017 - 14:28 Source

By freef’all852 To “proscribe” a thing or person is to forbid, blacklist, deny to, and/or disallow actions or substances to be given or taken by persons or person for their use or benefit. So here we are suggesting a methodology to “proscribe” those Murdoch media personalities, backers and supporters who continue to promote hate and…

The post Murdoch Media “Proscribed” appeared first on The AIM Network.

Read more Views: 79
John Quiggin Wednesday, May 17, 2017 - 14:23 Source

So, we finally joined the 21st Century and got Netflix. We are watching House of Cards (US version), an episode most nights. Based on one season per year of time passed in the show, that’s about four weeks of dystopian fantasy per night. But, when we wake up in the morning, the day’s news almost always has more and crazier stuff packed into it than that, with subplots and story arcs being passed over for lack of space ( will the emoluments clause come back to bite Trump? did he suggest that Comey should imprison journalists? Who can keep track of it all).

Read more Views: 45
Renew Economy Wednesday, May 17, 2017 - 14:12 Source

ANU researchers develop butterfly wing-inspired nano-technology that could improve the efficiency of solar cells.

Read more Views: 81
MacroBusiness Wednesday, May 17, 2017 - 13:45 Source

By Leith van Onselen Greens senator, Peter Whish-Wilson, has claimed that the Turnbull Government’s 0.06% levy on the big banks’ liabilities will raise $1.5 billion less than forecast because the levy will be tax deductible for the banks. From The Guardian: A Greens senator has warned the Coalition’s $6.2bn bank levy could raise $1.5bn less

The post Greens claim bank levy will raise $1.5b less than expected appeared first on MacroBusiness.

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

Read more Views: 131
Renew Economy Wednesday, May 17, 2017 - 13:39 Source

Korean Zinc refiner says 116MW solar plant it's building near Townsville will underpin the expansion of its north Queensland operations.

Read more Views: 98
MacroBusiness Wednesday, May 17, 2017 - 13:29 Source

From S&P after the Budget and in black and white: OVERVIEW • The sovereign credit ratings on Australia benefit from the country’s  strong institutional settings, its wealthy and resilient economy,  monetary policy flexibility, and low government debt. The country’s high  external indebtedness and vulnerability to weak commodity export demand  moderate these strengths. • We are

The post S&P: Budget on downgrade watch ’cause it protects bubble appeared first on MacroBusiness.

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

Read more Views: 109
MacroBusiness Wednesday, May 17, 2017 - 13:12 Source

Dalian is having its own little party today as it pretends that China is stimulating again: That has given the disco biscuit teens at big brokers the excuse they need to buy Big Iron: Looks like RIO is pricing the next China boom. Short, I say! Big Gas is down with oil: Big Gold is

The post Welcome to ASX the Crap appeared first on MacroBusiness.

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

Read more Views: 44
MacroBusiness Wednesday, May 17, 2017 - 12:36 Source

By Leith van Onselen Australia’s speculator frenzy has continued its resurgence, according to today’s Lending Finance data for March, released by the ABS. As shown below, the annual value of investor loans in New South Wales (read Sydney) rose for the eighth consecutive month, with Victoria (read Melbourne) – the second hottest market – also

The post Sydney/Melbourne specufestor demand keeps rising appeared first on MacroBusiness.

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

Read more Views: 36

Pages