Blogotariat

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

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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.

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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.

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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

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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.

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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.

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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

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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.

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

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

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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.

AEMC delays final decision on demand response mechanism but acknowledges both large and small energy users should participate in a 'two-way' energy market.

Australia awarded second Fossil of the Day, as negotiators use Aboriginal Australians to argue against taking responsibility for climate damage.