Blogotariat

Oz Blog News Commentary

Articles from MacroBusiness

APRA specufestor loans steady

May 31, 2017 - 11:15 -- Admin

APRA data for April out just now. Month on month investor loans for the big eight up 0.3%: ANZ CBA MAC NAB SUN WBC BEN SUN Total Apr-17 0.3 0.3 0.3 0.4 0.1 0.4 0.2 -0.2 0.3 Mar-17 0.5 0.2 -0.2 0.6 0.4 0.4 0.0 -2.4 0.3 Feb-17 0.3 0.4 -0.8 0.5 0.3 0.3 0.9

The post APRA specufestor loans steady appeared first on MacroBusiness.

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

RBNZ dissects NZ housing bubble

May 31, 2017 - 10:57 -- Admin

By Leith van Onselen The Reserve Bank of New Zealand (RBNZ) has released its bi-annual Financial Stability Report (FSR), which once again dissects the nation’s (read Auckland’s) housing bubble and warns on risks to financial stability and the macro economy. Below are the key extracts pertaining to the housing market: House price growth has slowed

The post RBNZ dissects NZ housing bubble appeared first on MacroBusiness.

Pauline Putin in ABC overreach?

May 31, 2017 - 09:49 -- Admin

This is bloody stupid, Pauline, via The Australian: One Nation has put key budget measures worth at least $5 billion in doubt as the minor party hardens its stance against the government’s agenda, declaring it will oppose almost all Coalition bills unless ABC funding is slashed. As leaked recordings embroil One Nation leader Pauline Hanson

The post Pauline Putin in ABC overreach? appeared first on MacroBusiness.

What driving Australia’s retail carnage?

May 31, 2017 - 09:37 -- Admin

By Gareth Aird, Senior Economist at CBA Key Points: Retail trade growth is soft primarily because demand for discretionary goods has slowed on weak household income growth. The slowdown in sales growth has been broad-based across Australia’s states and retail-related employment has declined. The fall in retail trade volumes growth suggests that disinflation in the

The post What driving Australia’s retail carnage? appeared first on MacroBusiness.

Measuring the bank damage

May 31, 2017 - 09:32 -- Admin

Via Credit Suisse: Bank Levy: 2-5% cost inflation The 2017/18 budget has announced a 6bp levy on bank liabilities on the four major banks and MQG effective 1 July. However with the initial budget papers scant on details on the levy with have delayed updating our models until the bill was introduced into parliament. Details

The post Measuring the bank damage appeared first on MacroBusiness.

The truth about Adani jobs

May 31, 2017 - 09:20 -- Admin

By Leith van Onselen It’s the claim that just won’t die – that Adani’s Carmichael coal project will generate 10,000 direct and indirect jobs. Federal Coalition ministers and the Queensland Government have been making this claim for years, and the media frequently prints the figure. A case in point is the Courier Mail, which printed

The post The truth about Adani jobs appeared first on MacroBusiness.

Do-Labor Malcolm “desperate” as Creepy Pete terrifies

May 31, 2017 - 05:26 -- Admin

Another dud poll for Do-Labor Malcolm: From Richo today: The PM became so desperate that he chanced it all on a giveaway, supposedly popular budget. The expected bounce in the polls, however, just didn’t happen. He threw caution, not to mention his and his party’s reputation as safe minders of the national till, to the

The post Do-Labor Malcolm “desperate” as Creepy Pete terrifies appeared first on MacroBusiness.

Would Labor’s tax rise plan crush incentive?

May 31, 2017 - 00:16 -- Admin

By Leith van Onselen Prime Minister Malcolm Turnbull will address the Committee for Economic Development of Australia summit today, whereby he will reportedly argue against Labor’s push to retain the temporary deficit levy – which would result in the highest marginal tax rate remaining at 49.5% – by claiming that it would deter people from

The post Would Labor’s tax rise plan crush incentive? appeared first on MacroBusiness.

McGrathmaggeddon panics about housing bubble panic

May 31, 2017 - 00:14 -- Admin

By Leith van Onselen With concerns over Australia’s housing bubble now spreading like wildfire, John McGrathmaggeddon has penned a desperate piece telling punters not to “panic” because “the property bubble isn’t about to burst”. From Switzer: Have you noticed that the speculation has started? The property market is “grinding to a halt”. The boom is

The post McGrathmaggeddon panics about housing bubble panic appeared first on MacroBusiness.

Pages