Blogotariat

Via STO: Pelican Point is one of those gas-fired power stations that have sat idle as the gas cartel has applied discriminatory pricing across the east coast. This is welcome and goes a long way towards resolving SA energy security issues. However, one deal does not a Summer make and the key is what price

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Via Citi’s chief global strategist, Matt King: Markets seem optimistic that central bank plans to modestly reduce their support for markets in coming months can be achieved without disruption. We are not convinced. When other people’s children behave badly, the temptation is to presume it’s something to do with the parents. But then one day,

The post When will the Fed end the business cycle? appeared first on MacroBusiness.

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By Leith van Onselen The RBA’s Assistant Governor (Financial Markets), Christopher Kent, gave a speech this morning to the Moody’s Analytics Australia Conference 2017, which released a swathe of new data on Australia’s 1.6 million strong ($400 billion) securitised mortgage market, comprising around one-quarter of the nation’s outstanding home loans. Below is the speech in

The post RBA still focused on household debt appeared first on MacroBusiness.

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Given him the arse too, from Barnaby Joyce: Last Thursday afternoon, the New Zealand High Commission contacted me to advise that on the basis of preliminary advice from the department of internal affairs which had received inquiries, considered that I could be a citizen of New Zealand by descent. Needless to say, I was shocked

The post Barnaby Joyce a Kiwi? appeared first on MacroBusiness.

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A singalong for today.

From CoreLogic: Leading index for mortgages still down 10 points on last year and running at 2014 levels. The next few months will interesting heading into Spring. Strong years rise from this point. Listings are also up modestly year on year. This is all consistent with further a further fade ahead in the property price

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There is speculation that the next Queensland state election could take place in the next few months, and in preparation for this election I’ve now completed my guide to the 93 electorates which will be contested.

Each guide, as is usual, contains a history of the electorate, maps and tables showing the results of the previous election, and a list of candidates running in the seat. The candidate lists will be regularly updated over the coming months.

I’ve also drafted a few posts summing up the impact of the redistribution and the key seats in the election, and they’ll pop up over the next few days.

By Leith van Onselen Statistics New Zealand has released its population estimates for the June quarter of 2016, which recorded an unprecedented population increase of 100,400 (2.1%) in the year to June, driven by a record high 72,300 net migration: According to Statistics New Zealand: “Our current net migration rate is high by New Zealand

The post NZ’s unprecedented immigration explosion appeared first on MacroBusiness.

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By Chris Becker  Volatility returns with a vengeance as tensions on the Korean peninsula spillover to risk markets, even when the economic and stock fundamentals seem sound. The problem with too low volatility is it begets a higher burst when it breaks and that’s where correlated stock markets find themselves presently. As usual for Monday

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The post View from the pit appeared first on MacroBusiness.

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By Leith van Onselen Over the weekend, The AFR’s Andrew Clark penned an article arguing, in a roundabout way, that “immigration reform [is] the sleeper issue of the economy and Canberra warfare”: Immigration, a trigger issue for the Australian psyche, is emerging as a potential sleeper in the next federal election. According to Australia’s most

The post Immigration: the sleeper issue for our politicians appeared first on MacroBusiness.

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Liberaltarianism

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This post (crossposted from Crooked Timber) is mainly an excuse for the pun in the title. But I do want to defend both parts of the pun.

Monday 14 August 2017 Now about this Marriage Equality survey. It appears that because regular surveys by reputable pollsters show overwhelming support for Gay Marriage that Tony Abbott wants to change the subject, and turn it into a discussion about free speech, religious freedom or even political correctness. It’s a common ploy by politicians who…

The post Day to Day Politics: Abbott the peddler of verbal violence. appeared first on The AIM Network.