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MacroBusiness Monday, April 16, 2018 - 14:00 Source

Just in case you thought China had the upper hand in the trade wars owing to US politics. I’ve circled the resignation of Gary Cohn and the launch of the China trade war: Certainly not a vote loser if not yet a clear winner: Just hit 50% in the Rasmussen Poll, much higher than President

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Renew Economy Monday, April 16, 2018 - 13:57 Source

The redesigned NEG is likely to cause electricity prices to rise before they fall.

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John Quiggin Monday, April 16, 2018 - 13:33 Source

A new sandpit for long side discussions, conspiracy theories, idees fixes and so on.

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John Quiggin Monday, April 16, 2018 - 13:32 Source

Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.

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MacroBusiness Monday, April 16, 2018 - 13:30 Source

By Leith van Onselen The Australian Automobile Association (AAA) has warned that the amount of revenue that the federal government collects from fuel excise is at risk to the tune of $20 billion because of a growing switch to electric and high-efficiency vehicles, and has urged an inquiry into the adoption of road-user pricing. From

The post New push to replace fuel excise with direct road charges appeared first on MacroBusiness.

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MacroBusiness Monday, April 16, 2018 - 13:10 Source

Virtue signalling missiles is all that matters today with the AUD up: Bond yields threatening to break out: And XJO rallying: Underneath it all, Dalian is -2.8% and getting worse after China’s lousy weekend credit data and another PBOC money market rate hike today: Big Iron doesn’t care: Big Gas is off to the races:

The post ASX, Aussie dollar ignore slumping iron ore appeared first on MacroBusiness.

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MacroBusiness Monday, April 16, 2018 - 13:00 Source

Via CoreLogic comes the leading mortgage index which remains down solidly year on year, but has shown a trend seasonal rise off the canvas: Total capital city for-sale listings are still higher year-on-year, led by Sydney: Whereas dwelling values continue to trend lower:

The post CoreLogic housing indicators still soft appeared first on MacroBusiness.

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Renew Economy Monday, April 16, 2018 - 12:56 Source

Report finds up to $21.5m a year going directly to host communities through wind farm benefit sharing mechanisms; billions to broader regional economies.

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Renew Economy Monday, April 16, 2018 - 12:55 Source

NSW has raised $38 billion from energy asset sales, yet has reinvested not a single dollar - despite facing the fat that most of its coal fired power stations will close in the next 14 years.

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MacroBusiness Monday, April 16, 2018 - 12:30 Source

By Leith van Onselen A survey of employers by law firm Herbert Smith Freehills (HSF) shows that around 60% of employers will push for a wage freeze or only a modest increase in wages. From The AFR: The firm’s bargaining survey of about 60 key clients, including large private sector companies across construction, infrastructure, mining,

The post Aussie employers back further real wage cuts appeared first on MacroBusiness.

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MacroBusiness Monday, April 16, 2018 - 11:59 Source

By Leith van Onselen Australia’s speculator frenzy has continued to moderate, according to today’s Lending Finance data for February, released by the ABS. As shown below, the annual value of investor loans in New South Wales (read Sydney) continues to fall, whereas Victoria (read Melbourne) has also moderated. By contrast, investor loans in the other major

The post Investors continue to retreat from Sydney’s housing bubble appeared first on MacroBusiness.

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MacroBusiness Monday, April 16, 2018 - 11:45 Source

By Leith van Onselen The rent-seekers at the HIA have released dodgy commissioned modelling from economic consultants – the Centre for International Economics (CIE) – warning of housing Armageddon if Labor’s policy to halve the capital gains tax (CGT) discount is implemented:  “According to research released today, an increase in Capital Gains Tax would result

The post HIA releases new CGT propaganda appeared first on MacroBusiness.

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MacroBusiness Monday, April 16, 2018 - 11:30 Source

Via Gavyn Davies at the FT: Up to now, there has been no compelling fundamental narrative that would account for the eurozone slowdown. But there are two possible candidates. The first is that the effects of the ECBs belated shift to quantitative easing in January 2015 have now started to wane. Although this policy change

The post Watch Europe for the next leg lower in the Australian dollar appeared first on MacroBusiness.

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Your Democracy Monday, April 16, 2018 - 11:04 Source

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French President Emmanuel Macron said that the US-led strike on Syria was legitimate, but "history will judge" whether the operation was justified. He added that neither France nor its allies are at war with the country.

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Renew Economy Monday, April 16, 2018 - 11:02 Source

The deployment of renewables and electric vehicles is expected to skyrocket as the world strives to reduce greenhouse gas emissions.

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Renew Economy Monday, April 16, 2018 - 11:00 Source

New research by a group at UNSW shows that it is theoretically possible for Australia to move to a renewable energy future without blowing its share of the carbon budget.

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MacroBusiness Monday, April 16, 2018 - 11:00 Source

Australian manufacturing has been put out of business by two irresistible forces. The first is the power of the mining lobby and the second the power of the banking lobby. These two between them have scuttled, shaped, bullied and destroyed the Australian polity to their own ends so successfully that Australia now has the most

The post Aussie manufacturing has died of stupid appeared first on MacroBusiness.

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Renew Economy Monday, April 16, 2018 - 10:58 Source

Coalition refuses to budge on emissions targets for NEG, despite considerable shift on technical details of emissions and reliability obligations from Energy Security Board.

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Renew Economy Monday, April 16, 2018 - 10:58 Source

Coalition refuses to budge on emissions targets for NEG, despite considerable shift on technical details of emissions and reliability obligations from Energy Security Board.

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MacroBusiness Monday, April 16, 2018 - 10:45 Source

By Leith van Onselen With the Coalition set to deliver on the first part of the Abbott Government’s promise in October-2013 to deliver one million jobs over five years: The ABC has published a report assessing the jobs growth: Australia’s population is rapidly increasing, driven by high immigration, and the economy has been growing continually for

The post The great Australian jobs con appeared first on MacroBusiness.

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MacroBusiness Monday, April 16, 2018 - 10:30 Source

Via the AFR: Behind-the-scenes discussions between banks, regulators and industry associations are continuing to create a new Professional Banking Council that would govern industry-wide standards of professional conduct and competency, as banks brace for more damage to their reputations as the royal commission re-starts in Melbourne. …The Australian Banking Association has not decided whether it

The post As banking standards collapse, a new lobby emerges appeared first on MacroBusiness.

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The Tally Room Monday, April 16, 2018 - 10:00 Source

I’ve now finished the draft boundary map for the SA federal redistribution, following on from the draft boundaries released the previous week for Victoria and the ACT.

Download the Google Earth map for the draft SA federal boundaries.

Remember there is a wide range of electoral maps – federal, state and local, dating back at least a decade – on the maps page.

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MacroBusiness Monday, April 16, 2018 - 10:00 Source

By Leith van Onselen Following intense lobbying from US farmers and the Republican Party, it was revealed on Friday that US President Donald Trump has ordered his senior economic and trade advisers to examine the possibility of the US re-entering the 11 nation Trans Pacific Partnership, dubbed by MB as “TPP 2.0”. However, international trade

The post “Extremely difficult” for US to re-join TPP appeared first on MacroBusiness.

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xkcd.com Monday, April 16, 2018 - 10:00 Source

Want to feel old? The 'want to feel old?' factoid meme dates back to around 2011, closer to the Bush/Kerry election than to today.

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Renew Economy Monday, April 16, 2018 - 09:33 Source

Electricity distribution networks in Europe run at well below their full potential, and could learn from AirBNB nd Uber to easily incorporate EVs.

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En Passant Monday, April 16, 2018 - 09:32 Source

The U.S. involvement in Syria has nothing to do with democracy or even chemical weapons — it is about protecting and extending U.S. military and economic power, says John Passant

 

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Renew Economy Monday, April 16, 2018 - 09:31 Source

Countries adopted a compromise emissions target at the International Maritime Organization on Friday, with further battles to come over how to put it into practice.

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MacroBusiness Monday, April 16, 2018 - 09:30 Source

By Leith van Onselen ACTU head, Sally McManus, appeared on ABC’s Insiders yesterday whereby she once again identified a bargaining power imbalance for Australian workers, which is hindering wages growth: McMANUS:  Things have changed since Paul Keating. Since the global financial crisis, we’ve seen profits and we’ve seen power concentrate in the hands of a few

The post ACTU: Cut temporary not permanent migrants appeared first on MacroBusiness.

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MacroBusiness Monday, April 16, 2018 - 09:00 Source

By Leith van Onselen MB has frequently questioned the efficacy of Sydney’s WestConnex toll road and tunnel project – the $17 billion 33 kilometre motorway under construction that is more expensive per kilometre than the Chanel Tunnel. This hideously expensive project will see existing free public roads like the state-owned M4 (that have already been paid

The post Putting the ‘con’ in WestConnex appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, April 16, 2018 - 09:00 Source

By Christine Kent In August 2017, after years of denial, I finally acknowledged my own homelessness. I came out of the closet in the most public way, on the SBS show, Insight. Since then I have been seriously researching the issue of homelessness. I think I have clarified the problem – what homelessness is, who…

The post Homelessness: what are the solutions? appeared first on The AIM Network.

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