Blogotariat

As expected, the Coalition’s fake housing affordability inquiry is set to shift blame the states by accusing them of restrictive planning and profiteering from rising property taxes: The inquiry chairman, northern beaches federal Liberal MP Jason Falinski, said ­affordability could be improved over the long-term if the states boosted supply and slashed property charges. Mr

The post Fake housing affordability inquiry shifts blame to states appeared first on MacroBusiness.

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For years MB has lamented how Australia’s public service has been stripped raw by decades of government outsourcing, waves of senior redundancies, and a preference for governments to seek advice from paid consultants. The end result is that the “frank and fearless advice” that the public service was once renowned for has vanished, replaced by

The post The ‘cult of consultants’ is undermining Australia’s public service appeared first on MacroBusiness.

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ANZ-CoreLogic has released its 2021 housing affordability report, which shows that the barriers to buying a home in Australia has worsened materially following rapacious price growth and a sharp rise in the time taken to save a deposit: The national dwelling value to income ratio reached a record high 7.7 in the June quarter 2021.

The post 2021 a death blow for Aussie housing affordability appeared first on MacroBusiness.

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ScottyfromMarketing is doing the media rounds to assure us that political games will not distract his laser-like focus from dealing with the very serious issues facing this nation. Like voter fraud.  And the ABC.  And protecting the rights of religious people to be selectively nasty. Then there’s the Solomon Islands to protect before someone else…

The post ScottyfromMarketing won’t be distracted by political games appeared first on The AIM Network.

The Grattan Institute has release a report entitled “A place to call home”, which calls for the establishment of a $20 billion social housing future fund. Below is the blog post explaining the proposal followed by my response: Australia has a housing crisis. Australians are spending more of their incomes on housing than in the

The post Grattan calls for social housing future fund appeared first on MacroBusiness.

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The Australian dollar is sitting right on vital support as markets digest Omicron. So far it has held but a break of support here opens big downside potential: The ASX200 has gapped 1.2% at the open but is being aided by firm American futures: Yields are rising as risk diminishes. Markets have this completely backwards.

The post Australian dollar teeters at cliff as ASX tanks appeared first on MacroBusiness.

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The ferrous complex was hit on Friday 26th of November as the relief rally stalled then got infected with NU. Futures and steel were hammered: The latest drip of data is all bad. Mysteel’s weekly indexes are crap: Mid-November CISA output was terrible: Capital Economics is forcing me to review my assessment of the usefulness

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

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China’s Evergrande shakeout is not getting better. Dollar bond spreads for developers did narrow slightly last week but remain at paralysis levels: That said, incremental easing is still underway at the ground level: It needs to be. Property sales are still terrible: Land sales remain apocalyptic with developer balance sheets still in outright survival mode:

The post China’s Evergrande shakeout still in full swing appeared first on MacroBusiness.

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Defence Minister Peter Dutton was unleashed on Friday: Today, we face the most significant change in our strategic environment since the Second World War. Once again, Australia finds herself in a region at the very epicentre of global strategic competition. A region witness to a military build-up of a scale and ambition that, historically, has

The post Let the Dutton Doctrine stand appeared first on MacroBusiness.

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A new sandpit for long side discussions, conspiracy theories, idees fixes and so on.

To be clear, the sandpit is for regular commenters to pursue points that distract from regular discussion, including conspiracy-theoretic takes on the issues at hand. It’s not meant as a forum for visiting conspiracy theorists, or trolls posing as such.

 pimps

"According to US lawyer Geoff Shepard (...), documents found at the National Archives in Washington show that Watergate was not a Nixon plot to spy on the Democratic Party, but a plot orchestrated by the Democrats against him.”