Blogotariat

Oz Blog News Commentary

Articles from MacroBusiness

The new China: Bubble up, economy down

April 10, 2015 - 00:05 -- Admin

Cross-posted from Investing in Chinese Stocks. Chinese gambled on gold, then home prices, then Bitcoin, now stocks. All three prior investment frenzies ended badly, how about the 4th? Chinese Cash Pours Into H.K. Stock Market Through New Gateway: Shares of the Hong Kong bourse operator surged 9.4 percent on Thursday to the highest level since

The post The new China: Bubble up, economy down appeared first on MacroBusiness.

Links 10 April 2015

April 10, 2015 - 00:01 -- Admin

Global Macro / Markets / Investing: Dimon Says Once-in-3-Billion-Year Treasury Move Warning Shot – Bloomberg Jamie Dimon warns next crisis could see ‘more volatile’ markets - Financial Times Top 12 Media Myths On Oil Prices – OilPrice.com Blankfein’s Bet on Goldman Sachs Bond Trading Seen Reaping Gains – Bloomberg North America: The G.O.P. Presidential Field

The post Links 10 April 2015 appeared first on MacroBusiness.

ASX at the close

April 9, 2015 - 16:24 -- Admin

Stan Shamu for Chris Weston, Chief Market Strategist at IG Markets Hong Kong the place to be It’s all about China in Asia today, as the interest in Hong Kong equities continues to ramp up. The volatility in the Hang Seng has been immense today with investors speculating on ‘fair value’ stocks. Following the significant

The post ASX at the close appeared first on MacroBusiness.

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

1 in 20 Aussie homes owned by foreigners

April 9, 2015 - 15:08 -- Admin

By Martin North, cross-posted from the Digital Finance Analytics Blog The vexed question of how many foreign buyers are in the Australian residential property market, continues. The Master Builders of Australia estimated that foreign investors account for 5 to 6 per cent of the Australian housing market. Meriton said overseas buyers represented closer to 2.5 per cent

The post 1 in 20 Aussie homes owned by foreigners appeared first on MacroBusiness.

It’s crunch-time for the TPP trade pact

April 9, 2015 - 14:37 -- Admin

By Leith van Onselen The prospect of concluding the Trans-Pacific Partnership (TPP) agreement – the US-led trade deal between 12 Pacific Rim nations (including Australia) – is entering its make-or-break phase, with the US Congress set to decide on whether to grant President Obama “Trade Promotion Authority” (TPA), allowing the President to negotiate an agreement

The post It’s crunch-time for the TPP trade pact appeared first on MacroBusiness.

Here comes the east coast gas shock

April 9, 2015 - 13:36 -- Admin

The AFR has details of a new gas deal struck this morning: AGL will have an extra 30 to 50 petajoules a year of gas to sell into the “high value Queensland market” after it agreed to buy 198 petajoules from Bass Strait joint venture partners BHP Billiton and Exxon Mobil. …The BG takeover is expected

The post Here comes the east coast gas shock appeared first on MacroBusiness.

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

Big iron falls on whatever

April 9, 2015 - 12:59 -- Admin

Big iron is down today for no apparent reason. The news about Chinese subsidies was available yesterday and the price is stable so let’s put it down to the random walk. BHP is down 1.5% largely on oil, RIO is down 0.5% and FMG is down 4% giving back some of yesterday’s manure rally. To the

The post Big iron falls on whatever appeared first on MacroBusiness.

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

Major parties prepare to attack grey gouge

April 9, 2015 - 12:29 -- Admin

By Leith van Onselen The prospect for genuine reform of Australia’s inequitable retirement system is drawing closer, with the Abbott Government reportedly close to striking a deal with The Greens to slash pension payments to the wealthy in return for unwinding superannuation concessions. From The Australian: Agreement on pension reform is within reach as the

The post Major parties prepare to attack grey gouge appeared first on MacroBusiness.

Budget hard-man endorses high speed pork

April 9, 2015 - 12:14 -- Admin

By Leith van Onselen Maurice Newman, the Abbott Government’s hand-picked business advisor, is a curious beast. For years he has bemoaned excessive government spending and waste, and yet now he has thrown his support behind a high speed rail (HSR) link between Melbourne and Sydney: Dr Newman said the high-speed rail link was an “idea

The post Budget hard-man endorses high speed pork appeared first on MacroBusiness.

Iron Reich threatens bailout blockade

April 9, 2015 - 11:49 -- Admin

It’s wondrous to watch: The West Australian understands that the Commonwealth Grants Commission has examined – but dismissed – WA Treasurer Mike Nahan’s proposal to overhaul the way mineral royalties are treated in the annual GST carve-up. Asked what WA’s response would be to the GST system not changing, Dr Nahan answered: “Basic non-co-operation.” WA is

The post Iron Reich threatens bailout blockade appeared first on MacroBusiness.

Pages