xkcd.com
Friday, December 6, 2019 - 11:00
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MacroBusiness
Friday, December 6, 2019 - 10:40
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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. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Your Democracy
Friday, December 6, 2019 - 10:34
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Following a staggering blowout to $2.9 billion and close to a year of delays, Sydney’s new light rail is finally here. |
MacroBusiness
Friday, December 6, 2019 - 10:20
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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. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Friday, December 6, 2019 - 10:00
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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. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Friday, December 6, 2019 - 09:40
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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. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Friday, December 6, 2019 - 09:30
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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. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Friday, December 6, 2019 - 09:20
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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. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Your Democracy
Friday, December 6, 2019 - 09:03
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MacroBusiness
Friday, December 6, 2019 - 09:00
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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. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Friday, December 6, 2019 - 08:30
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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. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Your Democracy
Friday, December 6, 2019 - 07:13
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On a hot Saturday afternoon in Darwin, James Poppleton is mopping the sweat from his brow. It hasn't rained for 160 days. |
Poll Bludger
Friday, December 6, 2019 - 06:19
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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. |
MacroBusiness
Friday, December 6, 2019 - 00:19
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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. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Friday, December 6, 2019 - 00:15
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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. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Friday, December 6, 2019 - 00:05
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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. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Friday, December 6, 2019 - 00:01
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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. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Renew Economy
Thursday, December 5, 2019 - 20:41
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Renew Economy
Thursday, December 5, 2019 - 20:39
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THE BLOT REPORT
Thursday, December 5, 2019 - 19:56
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One of the best parts |
Your Democracy
Thursday, December 5, 2019 - 19:28
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Naomi Wolf has reignited her row with Australia’s energy minister, Angus Taylor, publishing a recording of a heated phone call with his office. |
Your Democracy
Thursday, December 5, 2019 - 18:49
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France is enduring severe disruption as millions of workers threaten to strike in protest at being forced to retire later or face reduced pensions. |
MacroBusiness
Thursday, December 5, 2019 - 17:00
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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. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Renew Economy
Thursday, December 5, 2019 - 15:52
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Renew Economy
Thursday, December 5, 2019 - 15:26
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Renew Economy
Thursday, December 5, 2019 - 15:25
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Renew Economy
Thursday, December 5, 2019 - 15:23
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Renew Economy
Thursday, December 5, 2019 - 15:19
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Renew Economy
Thursday, December 5, 2019 - 15:04
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MacroBusiness
Thursday, December 5, 2019 - 15:00
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From Ironyhaven today: Coal > climate change > drought > no coal. The post Ironyhaven warns as climate kills coal appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |