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Articles from MacroBusiness

Macro Afternoon

August 18, 2017 - 16:22 -- Admin

by Chris Becker Definitely risk off here in Asia today to finish the week on a low as stocks follow the poor overnight lead coming from the Spanish terrorist attack and the derailed Trump administration. Safe havens are the destination for hot money with gold, Yen and bonds rising. In mainland China the Shanghai Composite

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ASX back on the crap tracks

August 18, 2017 - 13:55 -- Admin

Dalian has tried but largely failed to blow off again today: Big Iron is down: Big Gas too. ORG is showing promise, and why wouldn’t it, so long as you don’t mind stealing from pensioners: Big Gold is mixed and I’m still a seller here. North Korea is a non issue and the ECB is

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Unemployment and the bullshit work-ethic

August 18, 2017 - 13:47 -- Admin

By Gavin R Putland Some else wants to do your job. So why does it matter if you do it? In a logical world, if you don’t do your day job, your idleness imposes a loss on the rest of us. In the real world – where the official involuntary unemployment rate is rarely less

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And now for XenoPom

August 18, 2017 - 12:56 -- Admin

From Domainfax: Nick Xenophon will let the High Court decide his fate if it is confirmed he is a dual citizen, with the key Senate crossbencher determined to dig in and not resign from the Senate. Senator Xenophon is urgently seeking clarification from the British Home Office over his citizenship status after questions were raised about his father’s nationality.

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Australia’s household debt monster

August 18, 2017 - 12:35 -- Admin

By Martin North, cross-posted from the Digital Finance Analytics Blog: We had significant reaction to yesterday’s post on the “normal” status of high household debt. So today we take the argument further using data from the RBA Household Balance Sheet series (E1) and the recent ABS data on income growth. The traditional argument trotted out

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AUSTRAC indictes TerrorBank in Parliament

August 18, 2017 - 12:34 -- Admin

It think we can call this brand damage, via The Australian: Six transactions by five customers made through Commonwealth Bank’s intelligent deposit ATMs may have financed terrorism, Austrac has alleged. …Mr Clark said prosecution was “not something we take lightly”. …Asked whether the allegations listed in the 600-page statement of claim against CBA werer exhaustive,

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Chinese property prices roll a little harder

August 18, 2017 - 12:05 -- Admin

Chinese house prices are slowing. The month on month gain in July was 0.4% and year on year was down to 9.4%: Top tier cities are sinking swiftly towards zero while lower tier growth is easing off: The number of cities with falling prices rose to 14 out of 70 and is slowly trending up:

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The tragicomedy of a young SBS funnyman’s attack on Dick Smith

August 18, 2017 - 11:31 -- Admin

Check this out from SBS’s The Feed: Not funny. Sad. Here’s what Dick Smith has had to say about the SBS attacks on him: And, most ironically, the launch of his recent report into the roll that population growth is playing in inflating away the fulfillment of Australian youth’s most basic need: a roof over their heads:

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Australian wages growth to receive artificial boost

August 18, 2017 - 10:05 -- Admin

By Leith van Onselen The Australian’s Adam Creighton has penned an interesting article today arguing that Australian real wages growth is likely to receive a short-term artificial reprieve thanks to the minimum wages decision and upcoming changes to the way the consumer price index (CPI) is calculated: Here’s a prediction for you. The workers’ run

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