Blogotariat

The happy pills have soured at Martin Place: International Economic Conditions Members commenced their discussion of global economic conditions by noting that heightened policy uncertainty was affecting international trade and business investment. This had continued to be apparent in a range of indicators, including new export orders and investment intentions. Conditions in the manufacturing sector

The post Bearish RBA finally gets it appeared first on MacroBusiness.

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Via ANZ:  ANZ Roy Morgan index was down 1.2% last week, its second straight weekly loss – ensuring confidence remains below its long-run average.  The financial conditions subindices were positive. Current finances gained 0.2%, while future finances were up 0.7%. These small gains coming after large falls last week.  In contrast weakness

The post It’s the economy, stupid, yells consumer at Recessionberg appeared first on MacroBusiness.

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Via a sad and sorry CBA: Retail spending intentions have dipped while home buying intentions remain high, according to CBA’s latest research. CBA’s Chief Economist Michael Blythe has today confirmed that household spending intentions stumbled in September after the positive lead reported last month. Nonetheless, the series also highlights some underlying improvement in spending intentions

The post CBA: Retail spending intentions crater appeared first on MacroBusiness.

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Via Vale: Rio de Janeiro, October 14th, 2019 – Vale S.A (“Vale”) iron ore fines production and sales had a significant increase in 3Q19, as a result of the continuous progress in the resumption of operations in the Southern and Southeastern Systems and also due to the strong operational performance and shipments normalization in the

The post Vale readies the ore flood appeared first on MacroBusiness.

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From CoreLogic’s quarterly auction report: Over the 3 months to September 2019, the clearance rate across the combined capital cities came in at 69.9 per cent across 16,730 auctions, the strongest quarterly clearance rate seen since the June 2017 quarter (71.7 per cent). The weekly auction clearance rates have continued to improve over the September

The post Australia’s auction market rebounds to 2017 ‘boom’ levels appeared first on MacroBusiness.

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Via the excellent Damien Boey at Credit Suisse: Our proprietary measure of the Australian credit impulse has picked up to 5.6% annualized in August, from 4.9% in July, and 4.6% in June. Importantly, the credit impulse is well off the lows we saw at the end of 2018. Indeed, the impulse is running at its

The post Aussie credit impulse rises appeared first on MacroBusiness.

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Treasurer Josh Frydenberg announced Monday an ACCC investigation into the banks not passing on interest rate cuts. I think the investigation will make a nice addition to ACCC’s bookshelf. They can file it next Rudd’s FuelWatch and Grocery Code of Conduct. The biggest question is whether the investigation is designed to be a distraction from

The post Why the banks are still a big, fat sell appeared first on MacroBusiness.

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When George Brandis created a very high-paying job as a human rights commissioner to gift to Tim Wilson without any selection process, it raised many eyebrows, not least because Wilson, in his role at the IPA, had been calling for the abolition of the very organisation he was now to join. But that conundrum pales…

The post Tim Wilson – modern liberal or con man? appeared first on The AIM Network.

Under the Morrison Government’s proposed Religious Freedom bills, what happens when there’s a clash of religious belief? Of all the religions and faiths subscribed to in this vast nation, which freedom will take priority when head to head at the service desk of a hotel, the pharmacist’s counter, or proselytizing on social media? Whose beliefs…

The post When there’s a clash of faith, which ‘religious freedom’ takes priority? appeared first on The AIM Network.

The Government’s accidental emailing of their confidential talking points is nothing more than a manifesto of how to tell lies, to lie by omission, mislead and generally confuse people. They have nothing to do with providing the public with information about the Government’s progress in resolving issues, or initiatives in progress, or even the introduction…

The post A manifesto for how to tell lies appeared first on The AIM Network.

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Thursday’s Lending to households and businesses release from the ABS revealed that total mortgage lending (excluding refinancings) rebounded strongly in August: As regular readers of MB will know, we consider the flow of housing and investor finance commitments to be premier indicators for dwelling value growth. This view is based on the incredibly strong historical

The post Mortgage rebound solidifies Australia’s housing recovery appeared first on MacroBusiness.

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An enterprising MB reader wrote to Prime Minister Scott Morrison to express anxieties about the national interest loyalties of Member for Chisholm, Glady’s Liu. Liu is on record lying about her senior memberships of Chinese Communist Party propaganda organisations, proudly declaring a fund raising record with dubious and very likely CCP cash, cynically misled the

The post What ScoMo tells average Aussies about “double agent” Gladys Liu appeared first on MacroBusiness.

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