Blogotariat

Oz Blog News Commentary
MacroBusiness Wednesday, May 17, 2017 - 12:26 Source

A couple of charts today from Westpac: They see iron ore in the high $50s late this year and falling away to $40 late next year.  It’s right but too slow. We’re looking at $40 by early next year. For coking coal they see similar to the MB outlook. Thus for the Australian dollar they see

The post Westpac bears-up big on Australia appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 99
The Australian Independent Media Network Wednesday, May 17, 2017 - 12:06 Source

Before we look at how Steve Bannon met David Bossie and Andrew Breitbart, we need to go back to 1976, before the 1980 American elections. Billionaire brothers, David and Charles Koch were frustrated by legal limits prohibiting how much that they could spend on political campaigns. A candidate could spend as much as they liked…

The post Kochtopus and getting to know some more players (4) appeared first on The AIM Network.

Read more Views: 85
MacroBusiness Wednesday, May 17, 2017 - 11:51 Source

By Leith van Onselen The Australian Bureau of Statistics (ABS) has just released its Wage Price Index for the March quarter of 2017, which revealed a continuation of weak wages growth across the economy, with annual wages growing at the lowest rate in the series’ 19 year history: According to the ABS, wages grew by

The post Record low wages growth shatters Budget forecasts appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 38
Renew Economy Wednesday, May 17, 2017 - 11:48 Source

Tesla has begun taking orders for its transformative new solar roof, marking the final piece in Elon Musk’s vision for a grand unification of his clean-energy ambitions. Cost is key.

Read more Views: 37
MacroBusiness Wednesday, May 17, 2017 - 11:28 Source

Via Westpac: • The Westpac Melbourne Institute Index of Consumer Sentiment fell by 1.1% in May from 99.0 in April to 98.0 in May. The survey was conducted over the period May 8 to 13. Hence two of the survey days were ‘pre Budget’ and four were ‘post Budget’. However there was virtually no impact

The post Crashing housing confidence hits consumer sentiment appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 54
MacroBusiness Wednesday, May 17, 2017 - 11:17 Source

Readers will recall I’ve been musing recently about FMG’s break even is now on a 62% basis given its tragic 25% discounting. I mulled a lift to about $35 but no, from UBS: Rising unit costs evident in the March 2017 quarter The iron ore producers globally have reported Q1 17 results and with that

The post Fortescue enters discounting disaster appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 40
MacroBusiness Wednesday, May 17, 2017 - 11:09 Source

As we know, according to the happy idiots at the RBA and Treasury, the futureboom in consumption is going to drive economic growth towards an above 3% trend growth over the next few years. The only problem is nobody told the consumer, if ORL is anything to go by: Of course, one needn’t look outside

The post Oroton paints an ugly consumer appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 50
MacroBusiness Wednesday, May 17, 2017 - 10:55 Source

By Leith van Onselen ABC Lateline ran an interesting segment last night looking at the Turnbull Government’s Youth-Jobs PaTH program – to prepare, trial and ultimately hire young Australians who would otherwise be heading for long term unemployment – which was announced in last year’s Federal Budget, and has begun to take shape. The segment

The post Hits and misses in Coalition’s Youth Jobs Path program appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 93
Renew Economy Wednesday, May 17, 2017 - 10:47 Source

Wärtsilä will support the development of the latest WaveRoller wave energy convertor, designed by Finnish company AW-Energy, with a series of sub-assemblies for a prototype.

Read more Views: 34
The Political Sword Wednesday, May 17, 2017 - 10:35 Source

The sheer effrontery of our politicians never ceases to astonish me. To them black can be white, and in an instant white can be black. It is not just the monumental back flip that such a change of language involves that astonishes me, it is the bald-faced nerve they exhibit when they change course to the opposite direction, as if nothing had happened! The 2017 Budget starkly exemplifies this.

Read more Views: 31
Renew Economy Wednesday, May 17, 2017 - 10:17 Source

Australia continues to put lipstick on the pig of CCS, a tiny pittance of research dollars intended to provide air cover for the emissions of the coal industry.

Read more Views: 56
Renew Economy Wednesday, May 17, 2017 - 10:17 Source

Australia continues to put lipstick on the pig of CCS, a tiny pittance of research dollars intended to provide air cover for the emissions of the coal industry.

Read more Views: 7
Renew Economy Wednesday, May 17, 2017 - 10:09 Source

Record $7.5 billion in large scale solar and wind investment pushes Australia up to number 5 in global renewable energy investment rankings.

Read more Views: 145
Renew Economy Wednesday, May 17, 2017 - 10:09 Source

Record $7.5 billion in large scale solar and wind investment pushes Australia up to number 5 in global renewable energy investment rankings.

Read more Views: 39
xkcd.com Wednesday, May 17, 2017 - 10:00 Source

The pile gets soaked with data and starts to get mushy over time, so it's technically recurrent.

Read more Views: 44
MacroBusiness Wednesday, May 17, 2017 - 09:39 Source

By Chris Becker   A busy night in overseas markets with a slew of economic data overshadowed by ongoing US domestic drama. The higher than expected inflation print in the UK gave a boost to the FTSE but the rest of Europe slumped on a flat GDP print. In the US, mixed data only helped tech

The post Macro Morning appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 45
MacroBusiness Wednesday, May 17, 2017 - 09:39 Source

New York Times: President Trump asked the F.B.I. director, James B. Comey, to shut down the federal investigation into Mr. Trump’s former national security adviser, Michael T. Flynn, in an Oval Office meeting in February, according to a memo Mr. Comey wrote shortly after the meeting. “I hope you can let this go,” the president

The post Is Trump headed for Watergate? appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 44
MacroBusiness Wednesday, May 17, 2017 - 09:19 Source

That’s the advice of the Australian Institute for Troglodytes Progress via The Australian today: There are only three ways Australia can pay its public debt. Either both sides of politics agree there will be no new net spending until such time as the national debt has been dealt with, or deny the vote to all those

The post Think tank: Stop Muslim migration appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 27
Ambit Gambit Wednesday, May 17, 2017 - 09:15 Source

Hillary Clinton has just started a new movement called Onwards Together to “resist” Donald Trump. It is similar to her campaign slogan “Stronger Together”, but if you translated it into French you would probably call it something like “En Marche”, which is the name of Emmanuel Macron’s new political party. In turn Macron’s party name […]

Read more Views: 43
The Melbourne Urbanist Wednesday, May 17, 2017 - 08:51 Source

A fantastical vision from mapmaker Adam Mattinson of what a subway underneath Melbourne’s inner suburbs could look like if it were as connected as Tokyo’s famous system The Melbourne Subway Map (a rail fantasy)

Read more Views: 51
MacroBusiness Wednesday, May 17, 2017 - 08:46 Source

By Leith van Onselen ABC’s 7.30 Report last night ran a segment on the announced 0.06% levy on the big 5 banks’ liabilities, which featured some sensible commentary from The Australia Institute’s chief economist, Richard Denniss: “They might succeed in running a campaign. I doubt they’ll succeed in winning it… To some extent, we are

The post Hypocrite Henry horror show rolls into the ABC appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 26
MacroBusiness Wednesday, May 17, 2017 - 08:41 Source

By Leith van Onselen The federal government’s mass immigration program is the curse that keeps on lowering Sydney living standards. Yesterday, The SMH reported that Sydney’s traffic congestion continues to worsen, killing productivity: The vehicle fleets of almost half of Sydney businesses are spending and hour longer in traffic each day than a year ago,

The post Population ponzi crush-loads Sydney’s roads, schools appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 30
Your Democracy Wednesday, May 17, 2017 - 08:28 Source
Read more Views: 8
MacroBusiness Wednesday, May 17, 2017 - 06:50 Source

From the AFR: Gas industry leaders have sought to paper over the cracks that have split the sector under political pressure over east coast gas shortages, with the chief executives of Santos and Origin Energy calling for unity to find a collective solution to balance LNG export and local gas demands. But at the same

The post Perhaps Santos should be nationalised instead appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 32
Poll Bludger Wednesday, May 17, 2017 - 05:39 Source

No change on voting intention from Essential Research this week, at all – Labor leads 54-46, from primary votes of Coalition 37%, Labor 38%, Greens 10% and One Nation 6%. Nonetheless, there is a net positive response for the budget, which records 41% approval and 33% disapproval, and for each of eight individual measures, ranging from 82-7 in favour of a levy on vacant properties owned by foreign investors to 49-39 for the Medicare levy increase.

Read more Views: 34
MacroBusiness Wednesday, May 17, 2017 - 05:25 Source

DXY is sinking and the euro soaring: Commodity currencies lifted: Gold too: Brent softened: Base metals were mixed: Big miners flew: EM stocks too:  But not high yield: US bonds were sold: European spreads tightened: US stocks fell a bit and Europe broke out big: The MB Fund rotation to Europe is powering. It appears

The post Rotation to Europe soars appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 34
North Coast Voices Wednesday, May 17, 2017 - 00:16 Source

“To see a mentally ill person in 2014 at a public hospital in NSW treated in such an appalling manner is really beyond comprehension. The sight of the deceased wandering the corridor naked and covered in excrement while the senior nurse is seen to mop the floor apparently oblivious to her is horrific. While this appears not to be a system failure it is clearly a serious human failure.

Read more Views: 42
North Coast Voices Wednesday, May 17, 2017 - 00:15 Source

FACTS UNDER OATHGRAHAM: OK. Do you stand by your testimony that there is an active investigation counterintelligence investigation regarding Trump campaign individuals in the Russian government as to whether not to collaborate? You said that in March...COMEY: To see if there was any coordination between the Russian effort and peoples...GRAHAM: Is that still going on?COMEY: Yes.GRAHAM: OK. So nothing's changed. You stand by those two statements?COMEY: Correct. ……SEN. RICHARD BLUMENTHAL, D-CONN.: Thanks. Thank you Mr. Chairman.

Read more Views: 47
MacroBusiness Wednesday, May 17, 2017 - 00:12 Source

By Leith van Onselen The Australian Treasury’s tax discussion paper, released in March 2015, forecast that Australia’s reliance on inefficient personal income taxes would rise inexorably over the next decade (to 56% of taxes by 2024-25), making reform an imperative as the population ages and the share of workers across the economy declines: Between 2014-15

The post Ordinary workers to shoulder the tax load appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 35
MacroBusiness Wednesday, May 17, 2017 - 00:10 Source

By Leith van Onselen Four months out from the General Election, and with concerns over Auckland’s housing crisis growing, New Zealand’s National Government has launched a state-sponsored house building plan on crown land that is to deliver 26,000 extra homes to the Auckland region over the next decade. From Interest.co.nz: The net addition to Auckland’s

The post NZ Government launches fake housing plan appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Read more Views: 29

Pages