Blogotariat

Oz Blog News Commentary
Renew Economy Thursday, August 4, 2022 - 13:18 Source

 Michael Mazengarb).

Read more Views: 27
MacroBusiness Thursday, August 4, 2022 - 13:00 Source

The number of Australian companies that became insolvent or appointed administrators fell sharply during the COVID-19 pandemic, due to factors such as government financial support and relaxed insolvency laws. However, Australian Chamber of Commerce & Industry CEO Andrew McKellar warns that more businesses are likely to collapse in the next six months or so, amid

Read more Views: 23
MacroBusiness Thursday, August 4, 2022 - 12:40 Source

As I have noted many times, the criminal enterprise otherwise known as Australia’s east coast gas cartel is not a sovereign risk, it is a risk to the sovereign: The Santos-controlled GLNG project in Gladstone, one of the three Queensland LNG joint ventures, has written to the Albanese government arguing that imposing unprecedented export controls

The post Gas cartel trashes Australia’s Asian relationships appeared first on MacroBusiness.

Read more Views: 71
MacroBusiness Thursday, August 4, 2022 - 12:20 Source

Veteran bank analyst Jon Mott warns a $250 billion wave of mortgage delinquencies could sweep Australia if ANZ’s, Westpac’s and the financial market’s 3% official cash rate (OCR) forecasts come true. Mott notes that the build-up in mortgage debt over the prior two years “is the second-biggest jump seen since lending data was first captured

The post Aussie mortgage holders burn in negative equity hell appeared first on MacroBusiness.

Read more Views: 30
MacroBusiness Thursday, August 4, 2022 - 12:05 Source

Yields have increased as stock prices have fallen this year. Does this mean this is a good time to buy for yield investors? Join us for a deep dive into the pitfalls of yield investing and the implications for investments. Agenda: The hunt for yield has become easier, but where can you trust the yield?

Read more Views: 29
MacroBusiness Thursday, August 4, 2022 - 12:00 Source

The Economist has published an interesting report explaining how rampant house price inflation across the developed world has diverted capital and resources away from the real economy and stifles productivity: In recent years another strand of research has emerged, which, rather like the political economists of yore, attributes many long-standing economic ills to land. It

The post High property prices kills productivity appeared first on MacroBusiness.

Read more Views: 25
MacroBusiness Thursday, August 4, 2022 - 11:40 Source

Goldman Sachs was the great commodity cheerleader of this cycle. It has gone quiet of late perhaps because it has a lot of angry clients. Certainly, the recent data suggest a reversal of the great commodity super cycle trade that has unwound so spectacularly in the past few months. RBC has more: While major commodity

The post Funds flee commodities appeared first on MacroBusiness.

Read more Views: 33
MacroBusiness Thursday, August 4, 2022 - 11:20 Source

What’s happened to journalism at the Australian Financial Review? This is a rhetorical question because we all know the answer. It has become the plaything of any and every vested interest in town. The latest example is this rot: Extending the Australian Domestic Gas Security Mechanism provides an excuse for Victoria and NSW to “go

The post Appalling AFR pumps more gas cartel propaganda appeared first on MacroBusiness.

Read more Views: 28
MacroBusiness Thursday, August 4, 2022 - 11:00 Source

New data from the Home Affairs department, reported in The Australian, reveals that a record 42,700 offshore international students lodged a visa application to study in Australia in June, which continued into July: “This is the largest number of offshore applications received in a single month in the last 10 years,” the department told education

The post International student deluge lands in Australia appeared first on MacroBusiness.

Read more Views: 30
MacroBusiness Thursday, August 4, 2022 - 10:40 Source

My own view is that this is wrong. I do not think that the Fed is done. It needs to short-circuit the stock market reflation for starters. Wage inflation is still strong and labour hoarding likely.  But there is a deflation tsunami approaching from China, commods and the reverse bullwhip effect as inventories reverse.  Whether

The post More on war and interest rates appeared first on MacroBusiness.

Read more Views: 37
MacroBusiness Thursday, August 4, 2022 - 10:20 Source

The market is caught between two poles. At one end are declining yields and lengthening duration which favours growth stocks. At the other end is a recession that has barely started and has not yet hit the earnings outlook hard enough. In the middle is the Fed. Charlie McElligott at Nomura: The Fed “got the memo”

The post Fed chases runaway stock market appeared first on MacroBusiness.

Read more Views: 23
MacroBusiness Thursday, August 4, 2022 - 10:00 Source

The ferrous  complex broke on August 3, 2022: The dream is over. We’re just waiting for the market to wake up: China’s steel industry is entering a precarious new era as a worsening property crisis imperils demand and Beijing’s construction-led growth model looks increasingly untenable. Almost a third of China’s steel mills could go into

The post Daily iron ore price update (down she goes) appeared first on MacroBusiness.

Read more Views: 24
MacroBusiness Thursday, August 4, 2022 - 09:40 Source

Don’t be happy about the Caixin PMI. Pantheon: A surprise bounce for the Caixin Services PMI The improvement in the services activity index is unexpected, in light both of the rising Covid cases and tightening restrictions, and of the 1.5pp drop in the official services PMI for July.  The explanation most likely lies in the

The post Chinese bust intensifies appeared first on MacroBusiness.

Read more Views: 25
MacroBusiness Thursday, August 4, 2022 - 09:30 Source

Risk sentiment continues to flip flop on economic releases and macro events with US services PMI surveys surprising to the upside alongside European measures as well, with some calming words from Fed officials helping. Wall Street rallied strongly, up nearly 2% across the board which will provide a catalyst for more buying in the region

The post Macro Morning appeared first on MacroBusiness.

Read more Views: 23
MacroBusiness Thursday, August 4, 2022 - 09:20 Source

The RBA has already overcooked the tightening cycle. First of all, the inflation we’ve had so far is mostly in goods and much of that is imported: The supply chain and commodity price inputs that drive up these prices are already deflating internationally. Falling prices will arrive in due course: Those goods that are made

The post Data screams at Lunatic RBA to stop hiking appeared first on MacroBusiness.

Read more Views: 23
MacroBusiness Thursday, August 4, 2022 - 09:00 Source

This is how the gas cartel operates. It is very adept at lurking in the shadows. It will rort you to death until called out and, when it is, slink away to avoid prosecution. The last week of public scrutiny has collapsed the gas price. Today it is $11Gj in VIC after sitting on the

The post The gas cartel is a criminal organisation appeared first on MacroBusiness.

Read more Views: 25
MacroBusiness Thursday, August 4, 2022 - 07:40 Source

DXY held its gain last night: AUD rose anyway as Taiwan tensions eased: Oil broke. Big downside potential here: If so, metals will go too: And miners: EM stocks were OK: And junk bounced: The yield curve was smashed: But nothing gets in the way of stocks: Westpac has the wrap: Event Wrap US services

The post Australia dollar firms as oil slumps appeared first on MacroBusiness.

Read more Views: 38
Your Democracy Thursday, August 4, 2022 - 06:48 Source

Screaming and kicking, the West is being brought to heel. Colonialism, superiority, currency manipulations via deceitful world banking organisations, enrichment of the rich, control of various populations, wars and hypocritical conducts are being gamed down — slowly. 

 

Read more Views: 36
MacroBusiness Thursday, August 4, 2022 - 00:05 Source

Data released on Tuesday by the Australian Bureau of Statistics (ABS) shows that mortgage commitments fell by 4.4% June, which was the biggest monthly decline since May 2020. This decline in mortgage commitments captured the first two RBA rate hikes – i.e. 0.25% in May and 0.50% in June – but obviously has not captured

The post Aussie mortgage collapse signals house price doom appeared first on MacroBusiness.

Read more Views: 39
MacroBusiness Thursday, August 4, 2022 - 00:03 Source

The Productivity Commission (PC) has released its interim report on its 5 Year Productivity Inquiry, which shows that Australia’s productivity growth rate has fallen to its lowest level in 60 years. It also shows that Australia’s labour productivity ranking has fallen ten places, from 6th in the OECD to 16th, with Australia only maintaining its

The post How Australia fell from productivity leader to laggard appeared first on MacroBusiness.

Read more Views: 39
Renew Economy Thursday, August 4, 2022 - 00:02 Source

Finley solar farm

Read more Views: 30
Renew Economy Thursday, August 4, 2022 - 00:01 Source

Read more Views: 56
MacroBusiness Thursday, August 4, 2022 - 00:01 Source

Global Macro / Markets / Investing: Robinhood’s crypto division fined $30 million by New York financial regulator – CNBC Robinhood Lays Off 23% of Staff – WSJ Price Gouging at the Pump Results in 235% Profit Jump for Big Oil: Analysis – Common Dreams Wall Street struggles to gain as earnings-driven rally peters out –

The post Links 4 August 2022 appeared first on MacroBusiness.

Read more Views: 59
Your Democracy Wednesday, August 3, 2022 - 19:57 Source

The war in Ukraine is not really about Ukraine—it is not about Ukraine’s sacrosanct borders which have been supposedly violated by Russia. And it is most certainly not about the vaunted “defense of democracy,” as we constantly hear screamed in our ears by the media and by a broad panoply of American (and European) political and cultural leaders, from Nancy Pelosi to Lindsey Graham to Boris Johnson.

Read more Views: 61
The Australian Independent Media Network Wednesday, August 3, 2022 - 17:39 Source

Archduke Franz Ferdinand’s visit to Sarajevo in 1914 was an instructive lesson on how the dumb do, at some point, ask for it. Bosnia, then part of the Austro-Hungarian empire, was desired by the Kingdom of Serbia. With the Serbs also well represented in Bosnia, a visit by the heir to the Austro-Hungarian throne was…

The post Nancy Pelosi, that was silly appeared first on The AIM Network.

Read more Views: 35
The Australian Independent Media Network Wednesday, August 3, 2022 - 17:39 Source

Archduke Franz Ferdinand’s visit to Sarajevo in 1914 was an instructive lesson on how the dumb do, at some point, ask for it. Bosnia, then part of the Austro-Hungarian empire, was desired by the Kingdom of Serbia. With the Serbs also well represented in Bosnia, a visit by the heir to the Austro-Hungarian throne was…

The post Nancy Pelosi, was that the right move? appeared first on The AIM Network.

Read more Views: 11
The Australian Independent Media Network Wednesday, August 3, 2022 - 17:39 Source

Archduke Franz Ferdinand’s visit to Sarajevo in 1914 was an instructive lesson on how the dumb do, at some point, ask for it. Bosnia, then part of the Austro-Hungarian empire, was desired by the Kingdom of Serbia. With the Serbs also well represented in Bosnia, a visit by the heir to the Austro-Hungarian throne was…

The post Nancy Pelosi, you Silly Biddy appeared first on The AIM Network.

Read more Views: 34
The Australian Independent Media Network Wednesday, August 3, 2022 - 17:39 Source

Archduke Franz Ferdinand’s visit to Sarajevo in 1914 was an instructive lesson on how the dumb do, at some point, ask for it. Bosnia, then part of the Austro-Hungarian empire, was desired by the Kingdom of Serbia. With the Serbs also well represented in Bosnia, a visit by the heir to the Austro-Hungarian throne was…

The post Nancy Pelosi, that was a bad move appeared first on The AIM Network.

Read more Views: 27
MacroBusiness Wednesday, August 3, 2022 - 16:30 Source

Asian stocks are having another very mixed session given the rising tensions around Taiwan and China and the somewhat volatile session on overnight markets due to more hawkish Fed talk. The USD is holding on to its overnight reversal gains with the Australian dollar having slumped post the latest rate rise by the RBA, while

The post Macro Afternoon appeared first on MacroBusiness.

Read more Views: 33
The Australian Independent Media Network Wednesday, August 3, 2022 - 15:50 Source

To Whom It May Concern, I’d just like to let everyone know that this is about me and recent resignations in NSW and Victoria are not influencing my decision in any way. I”m making my own decision and I’ve just decided that it’s time that I quit my job to spend more time with my…

The post This Has Nothing To Do With The NSW Or Victorian Liberals… appeared first on The AIM Network.

Read more Views: 60

Pages