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Oz Blog News Commentary
xkcd.com Friday, December 6, 2019 - 11:00 Source

"Wait, how often are you getting bitten by snakes? And why are you boiling water?" "Dunno, the CDC people keep showing up with complicated questions about the 'history of the property' and 'possible curses' but I kinda tune them out.</body></html>

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MacroBusiness Friday, December 6, 2019 - 10:40 Source

Via the AFR: Gas supply on the east coast gas market has dramatically loosened up thanks to record production, bringing down domestic prices and weakening the case for federal government intervention, according to a leading research consultancy. …Despite only a modest rise in LNG exports from Gladstone, the market saw a surplus of 17 petajoules

The post Propaganda push seeks gas reservation stall appeared first on MacroBusiness.

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Your Democracy Friday, December 6, 2019 - 10:34 Source

electric bus

Following a staggering blowout to $2.9 billion and close to a year of delays, Sydney’s new light rail is finally here.

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MacroBusiness Friday, December 6, 2019 - 10:20 Source

In the week ended 5 December 2019, the CoreLogic 5-city daily dwelling price index, which covers the five major capital city markets, surged another 0.41%: The rise in values was broad-based, but again driven by Sydney and Melbourne: Quarterly dwelling values continue to rise strongly, driven by Sydney and Melbourne, where prices are rocketing: The

The post CoreLogic weekly house price update: Bubbling appeared first on MacroBusiness.

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MacroBusiness Friday, December 6, 2019 - 10:00 Source

Five months ago, ahead of the Morrison Government’s tax cut package passing the Senate, Treasurer Josh Frydenberg was confident tax cuts would pump-prime the economy by juicing household consumption: “The tax cuts are equivalent to two 25 basis rate point cuts. So they’re not insignificant. It’s billions of dollars into the economy”… “They will add

The post It’s official: Recessionberg’s tax cuts have failed appeared first on MacroBusiness.

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MacroBusiness Friday, December 6, 2019 - 09:40 Source

Via the excellent Damien Boey at Credit Suisse: Trade data came in below expectations. The surplus declined to $4.5 billion in October from a downwardly-revised $6.8 billion. Interestingly, the decline in the trade balance, and downward revisions to prior months’ data, have brought the official data back to be much more in line with unofficial

The post Australian credit impulse fades away appeared first on MacroBusiness.

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MacroBusiness Friday, December 6, 2019 - 09:30 Source

By Chris Becker  A mixed night on risk markets with the positive sentiment fading goign into the weekend, as no news on a US/China trade deal is construed as bad news. Wall Street ended with a scratch session while European bourses retreated slightly in the wake of flagging retail sales numbers. The USD was weaker

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Friday, December 6, 2019 - 09:20 Source

Iron ore price charts for December 5, 2019: Spot down. Paper down more. No change. Firm pricing for a few months on the year end restock.

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

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Your Democracy Friday, December 6, 2019 - 09:03 Source

seriously  In the aftermath of these disasters, politicians often talk about how you can’t put one event down to climate change. But the fires that are still burning across NSW and Queensland have brought this link into sharp focus.

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MacroBusiness Friday, December 6, 2019 - 09:00 Source

DXY was down again last night as EUR and CNY rallied: But the Australian dollar outpaced it lower: Against EMs too: Gold was stable: Oil is trying: Metals are still shot: Miners were soft with GLEN crashed as it is engulfed by another bribery scandal: Em stocks rallied: Junk is fine:     Bonds mostly

The post Australian dollar falls on trade bluff and bluster appeared first on MacroBusiness.

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MacroBusiness Friday, December 6, 2019 - 08:30 Source

Ah construction or, more to the point, lack of, via the AIG: Look at employment and new orders: If we break new orders down it is fugly: Houses, apartments, offices, bridges and roads all going bust at once. A universal building bust that we warned about for a year yet here we are. Unemployment is

The post Construction PMI signals universal building bust appeared first on MacroBusiness.

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Your Democracy Friday, December 6, 2019 - 07:13 Source

gambling

On a hot Saturday afternoon in Darwin, James Poppleton is mopping the sweat from his brow. 

It hasn't rained for 160 days.

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Poll Bludger Friday, December 6, 2019 - 06:19 Source

A quick and dirty guide to what pollsters seem to be telling us a week out from an unpredictable British election.

The post British election polling in five charts appeared first on The Poll Bludger.

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MacroBusiness Friday, December 6, 2019 - 00:19 Source

And now for a terms of trade shock. Just what an income denuded, surplus-obsessed, stall speed economy does not need. Yesterday’s trade balance numbers finally registered the inevitable as it fell from a surplus of $6.8bn to $4.5bn on the back of clubbed bulk commodoty prices: This is just the beginning. My base case for

The post Australia’s thirty year boom deserves a thirty year bust appeared first on MacroBusiness.

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MacroBusiness Friday, December 6, 2019 - 00:15 Source

The truth is laid bare for all to see. Australia faces five critical challenges to its social and economic wellbeing today and, alas, it now abundently clear that the nation elected the wrong government to deal with any and all of them. The first and largest challenge is climate change. Science, drought and bushfires are

The post Morrison’s is wrong government, in wrong place, at wrong time appeared first on MacroBusiness.

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MacroBusiness Friday, December 6, 2019 - 00:05 Source

The systemic exploitation of international students is endemic across the Australian economy. For years we have read countless reports of wage theft from international students, particularly from migrants employers from the same nationality. For example, the 2016 Senate Committee report, entitled A National Disgrace: The Exploitation of Temporary Work Visa Holders, claimed international students “were

The post The endless exploitation of international students appeared first on MacroBusiness.

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MacroBusiness Friday, December 6, 2019 - 00:01 Source

Global Macro / Markets / Investing: The repo market is ‘broken’ and Fed injections are not a lasting solution – MarketWatch Crude Oil Could Fall to $40 if OPEC+ Fails to Deepen Cuts – Wolf Street The Fourth Industrial Revolution could spell more jobs – not fewer – WEF Forum Americas: Harvesting the Blood of

The post Links 6 December 2019 appeared first on MacroBusiness.

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Renew Economy Thursday, December 5, 2019 - 20:41 Source

Australia’s first mining sector project to combine wind, solar and batteries in one microgid is starting to take shape in Western Australia's northern goldfields region.

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Renew Economy Thursday, December 5, 2019 - 20:39 Source

New vehicle sales decline in Australia now in 20th month and getting deeper, but still no acknowledgment from the industry about role that electric vehicle buying intentions may be playing in the industry.

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THE BLOT REPORT Thursday, December 5, 2019 - 19:56 Source

One of the best parts
of being a geoscientist is travelling to various parts of the country, often
far from cities and towns and walking up mountains (such as they are in
Australia) and along gullies looking for interesting rock outcrops and trying
to make sense of them and interpreting what they mean with regard to the
history of this continent and the planet. On one of these numerous trips, I was
with others looking at rocks on Mount Unbunmaroo. This mountain is a fairly
long NNE-SSW-oriented ridge with an elevation above sealevel of only 387

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Your Democracy Thursday, December 5, 2019 - 19:28 Source

angus is a liar...

Naomi Wolf has reignited her row with Australia’s energy minister, Angus Taylor, publishing a recording of a heated phone call with his office.

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Your Democracy Thursday, December 5, 2019 - 18:49 Source

France is enduring severe disruption as millions of workers threaten to strike in protest at being forced to retire later or face reduced pensions.strike in France...

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MacroBusiness Thursday, December 5, 2019 - 17:00 Source

Stocks are advancing across Asia in the wake of optimism that a trade deal between US and China can be struck before the December 15 tariffs kick in, with the ASX up over 1% while the USD treads water against most of the majors. The Shanghai Composite has lifted nearly 0.7% and looks set to

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Thursday, December 5, 2019 - 15:52 Source

Study finds new interconnector linking Tasmania and Victoria would provide greater benefits than costs under all modelled scenarios, but especially a fast transition to renewables.

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Renew Economy Thursday, December 5, 2019 - 15:26 Source

ESIA welcomes the release yesterday of the Victorian Energy Upgrades program RIS for target setting from 2021-25 which indicates the most ambitious targets since the program’s start in 2009

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Renew Economy Thursday, December 5, 2019 - 15:25 Source

AEMC demand response decision Finger Pointing To Electric Meter Reading - optimisedAEMC delays final decision on demand response mechanism but acknowledges both large and small energy users should participate in a 'two-way' energy market.

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Renew Economy Thursday, December 5, 2019 - 15:23 Source

Rooftop solar installations continue at record rate, but new technologies - and new thinking - ensure that this turns out to be a major asset to the grid, rather than the liability it is sometimes portrayed.

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Renew Economy Thursday, December 5, 2019 - 15:19 Source

australia fossil of the day 2 - optimisedAustralia awarded second Fossil of the Day, as negotiators use Aboriginal Australians to argue against taking responsibility for climate damage.

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Renew Economy Thursday, December 5, 2019 - 15:04 Source

Rooftop Solar panel - supported by victorian budgetNetworks offering "super cheap" rates in middle of the day to soak up "solar sponge", part of a range of proposals to allow more solar into grid.

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MacroBusiness Thursday, December 5, 2019 - 15:00 Source

From Ironyhaven today: Coal > climate change > drought > no coal.

The post Ironyhaven warns as climate kills coal appeared first on MacroBusiness.

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