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MacroBusiness Wednesday, January 22, 2020 - 00:10 Source

There are two angles to examine as coronavirus spreads in China and South East Asia. The first is health-related. The second is economic. Australia is about see a wave of new Chinese tourists and students just as coronavius slips the CCP noose. Some 350k Chinese toursists arrive through the January/February period, a large swath over

The post Australia is about to become coronavirus ground zero appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 22, 2020 - 00:07 Source

At the AFR: Upgrades to the economic outlook for Australia’s two largest trading partners are another two more red crosses in Philip Lowe’s “cons” column as the Reserve Bank governor weighs up the wisdom of cutting rates to fresh lows. …Treasurer Josh Frydenberg would be also pretty pumped up as well, given expectations of a

The post Poor China analysis that the RBA should ignore appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 22, 2020 - 00:05 Source

Chen Hong – professor and director of Australian Studies Center, East China Normal University – has written a stern article in the Global Times (the Chinese Communist Party’s nationalistic tabloid) attacking delays in visa processing times for Chinese students and warning Australia that any “significant decline in Chinese students would indeed bring about economic calamity”:

The post Chinese international student bust risks “economic calamity” appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 22, 2020 - 00:01 Source

Global Macro / Markets / Investment: The world’s 2,153 billionaires are richer than 4.6 billion people combined – Business Insider Boeing is in talks to borrow $10 billion or more as 737 Max crisis wears on – CNBC One Well Paid Scapegoat: Boeing’s Ousted CEO Receives No Severance—But $80 Million in ‘Pre-Existing Benefits’ – Observer

The post Links 22 January 2020 appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, January 21, 2020 - 18:22 Source

For many years I have been furious with the Greens for their sabotage of Labor’s ETS in 2009. Perhaps the policy was flawed. Certainly it did not go far enough. But it would have been a start. Imagine if the CPRS had begun more than a decade ago? Rather than a decade of arguments over…

The post Enemy of the good appeared first on The AIM Network.

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The Australian Independent Media Network Tuesday, January 21, 2020 - 18:00 Source

If there comes a point when people will decide not to fly, the issue may well be less to do with any moral or ethical issue with climate change than the fact that commercial flights have become atrocious. They are naked money-making concerns with diminishing returns on quality. The key factor that plays out here…

The post Diminishing Returns: Calculated Misery in Air Travel appeared first on The AIM Network.

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MacroBusiness Tuesday, January 21, 2020 - 16:30 Source

Markets took a sudden dive on risk today here in Asia on the back of the Chinese virus news with Yen safe haven buying exarcebating the fear. Stock markets are all at bubble like highs so it won’t take much to push over the whole edifice. Gold gained on the fear trade while the Aussie

The post Macro Afternoon appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, January 21, 2020 - 15:32 Source

By Al Ross   This article was written to challenge anyone who has ever made an absolute statement on any issue. (Oh, the irony). Preface One: I concede that there is an element of “me too” and even “what about me” in this article. Preface Two: In writing this article I feel that I am betraying…

The post A rant and a challenge appeared first on The AIM Network.

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Renew Economy Tuesday, January 21, 2020 - 15:24 Source

reserve bank of australia green swan climate risk building rba sydney - optimisedCentral banks may be forced to bail out failing fossil fuel investments, as global banking regulator warns of 'existential' climate risks.

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Renew Economy Tuesday, January 21, 2020 - 15:17 Source

Wind Turbine Construction investor confidence - optimisedDespite the dive in large-scale renewable energy investment in Australia in 2019, a record number of new solar and wind farms forecast to be completed in 2020.

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MacroBusiness Tuesday, January 21, 2020 - 14:20 Source

Australian Industry Group (AIG) chief, Innes Willox, has called on the Morrison Government to implement a Labor-style investment allowance to spur business investment: …we propose the introduction of a generous investment allowance to bring forward and increase business investment. It would allow businesses to deduct for tax purposes a larger proportion of their expenditure on

The post Preasure builds on ScoMo to introduce a “generous investment allowance” appeared first on MacroBusiness.

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Renew Economy Tuesday, January 21, 2020 - 14:08 Source

Report highlights increasing danger of relying on Australia’s ageing gas and coal power plants, which have broken down once every 3.2 days on average over past two years.

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MacroBusiness Tuesday, January 21, 2020 - 14:00 Source

The Teranet-National Bank House Price Index for December has been released, which shows that Canadian house prices rose by 0.2% across the 11 major markets, with annual growth improving to 2.0%: After falling for 14 straight months, Vancouver house prices have bottomed, rising by 0.6% since their trough in September 2019 However, Vancouver’s house prices

The post Vancouver house prices climb off bottom appeared first on MacroBusiness.

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Renew Economy Tuesday, January 21, 2020 - 13:53 Source

angus taylor scott morrison - optimised investors consultationTaylor's secret review of emissions policy has heavily skewed its consultation towards Australia's biggest emitters and the fossil fuel lobby.

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Renew Economy Tuesday, January 21, 2020 - 13:48 Source

Climate change is placing a heavy burden on China's policy makers, but now they have a potential roadmap to phase out coal and meet the target to cap warming at around 1.5°C.

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MacroBusiness Tuesday, January 21, 2020 - 13:40 Source

Car dealerships have endured a nightmare 18 months, with new car sales collapsing to the lowest level since 2012, according to the latest data from the Federal Chamber of Automotive Industries (FCAI): However, the hail storms that have ripped through Melbourne, Canberra, Sydney and South East Queensland over the past week could prove an unlikely

The post Hail storms to rescue new car sales appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 21, 2020 - 13:20 Source

Sydney’s $2.9 billion Eastern Suburbs Light Rail Project is a textbook example of Australia’s infrastructure failure. In 2018, the former head of Infrastructure NSW, Paul Broad, in described the project as a waste of money and a vanity project that should have never been started. This was immediately followed by a secret report prepared by

The post Sydney Light Rail: A $2.9b slow tram to nowhere appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 21, 2020 - 13:09 Source

Markets have just caught a cold as Bloomie updated the latest propaganda from China on coronavirus: The outbreak of a virus originating in central China entered a new phase of severity as multiple medical workers were reported to have been infected and the death count grew to four people. The spread to medical workers indicates

The post Australian dollar sickens as coronavirus worsens in China appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 21, 2020 - 13:00 Source

The New South Wales government recently announced plans to double the capacity of the Sydney desalination plant to 500 million litres a day. A 15 million litre a day plant is also planned for the Hunter region, while one as large as the existing Sydney plant could be built in the Illawarra region if water

The post The horror! Desalination plants to blow up emissions targets appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 21, 2020 - 12:47 Source

2019 was a banner year for investment returns. Our own funds performed well throughout the year, highlighted by our growth fund up 17.8%*. This puts it in the top 4 growth superannuation funds according to researcher Chant West: Other Nucleus funds also had significant gains, our International direct share portfolio led with 27.2% returns over

The post MB Fund smashes it in 2019 appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 21, 2020 - 12:40 Source

A majority of respondents in all developed countries who took part in the latest Edelman Trust Barometer do not think they will be better off in five years’ time, with most believing that capitalism in its current form does more harm than good. Richard Edelman, CEO of Edelman, notes that in the 20 years that

The post Half of Aussies worried about migrant job competition appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 21, 2020 - 12:20 Source

The latest Roy Morgan Research (RMR) unemployment estimate for December softened, rising by 0.6% over the month to 8.7%: However, over the year, unemployment fell by 1.0%. Underemployment surged by 1.9% over the month and by 1.1% over the year, with labour underutilisation tracking at 18.6% (up from 0.1% from a year ago): Below are

The post Roy Morgan underemployment surges appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 21, 2020 - 12:00 Source

Business confidence ended 2019 on a sour note, with Roy Morgan’s latest monthly business confidence index crashing to an eight-month low amid concerns surrounding the Australian economy: In December 2019 Roy Morgan Business Confidence dropped 3.9pts (-3.6%) to an eight-month low of 104.5. Declining sentiment about the performance of the Australian economy over the next

The post Business confidence ends 2019 in the toilet appeared first on MacroBusiness.

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Renew Economy Tuesday, January 21, 2020 - 11:59 Source

Vestas promises to deliver "zero waste" wind turbines by 2040, with a particular focus on turbine blades which are currently made by non-recyclable composite materials. 

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Renew Economy Tuesday, January 21, 2020 - 11:52 Source

Macquarie's Green Investment Group inks deal to supply power to mining and metals company Eramet Norway from two Norwegian wind farms.

The post Macquarie signs wind deal with European metals giant appeared first on RenewEconomy.

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MacroBusiness Tuesday, January 21, 2020 - 11:40 Source

After experiencing an unprecedented boom in high-rise apartment construction over the past decade: And with flammable cladding and structural faults proliferating across Sydney, the NSW Government has finally taken action by giving the NSW Building Commissioner the power to block dodgy developers from building high-rise: Designed to prevent repeats of the Opal and Mascot Towers

The post NSW moves too late on dodgy high-rise builders appeared first on MacroBusiness.

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Renew Economy Tuesday, January 21, 2020 - 11:33 Source

Total and Marubeni to build 800MW solar plant in time for Qatar's World Cup at what is claimed to be the lowest price for such a project.

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MacroBusiness Tuesday, January 21, 2020 - 11:20 Source

Unleash the panic, at News: International airports are screening passengers for a mysterious SARS-like disease that has been confirmed as passing from human-to-human and has also jumped China’s borders. The number of cases of the new coronavirus “2019-nCoV”, which causes a type of pneumonia, has surpassed 220 and authorities are concerned it could spread quickly.

The post Is coronavirus an economic threat? appeared first on MacroBusiness.

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Renew Economy Tuesday, January 21, 2020 - 11:02 Source

The first of 51 Vestas wind turbines erected at Warradarge wind farm, a 180MW project being developed by Bright Energy Investments in Western Australia’s mid-west region.

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MacroBusiness Tuesday, January 21, 2020 - 11:00 Source

Here’s Henry Hub, the US gas price: The reason is oodles of fracked gas, so much it’s being thrown away in flaring. The price in some areas is close to negative: This glut has met with weak demand in a mild winter. Thanks to John Kemp: Because Henry Hub gas is relatively expensive once processed

The post Global gas prices crash as Australian launch appeared first on MacroBusiness.

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