Blogotariat

Oz Blog News Commentary

Articles from MacroBusiness

MS: Australian dollar going to 62 cents

June 10, 2015 - 13:32 -- Admin

Yep, MS says 68 cents by year end and 62 cents next year, almost matching MB forecasts: “Indeed, there was some market frustration with the recent rhetoric from the RBA that in one breath backs hard for a lower currency but then backs away from the easing bias that would have helped achieve this outcome,”

The post MS: Australian dollar going to 62 cents appeared first on MacroBusiness.

Now Abbott pops his bubble

June 10, 2015 - 13:24 -- Admin

From News: RESPONDING to questions about housing affordability in Sydney and Melbourne, the prime minister empathised with people trying to buy their first home. “Even as a cabinet minister sometimes it’s hard to pay a Sydney mortgage and I know over the years I’ve earnt a lot more than the average person,” he told reporters

The post Now Abbott pops his bubble appeared first on MacroBusiness.

Captain Glenn bears up

June 10, 2015 - 13:18 -- Admin

From Glenn Stevens this afternoon: Economic Conditions and Prospects: Creating the Upside Glenn Stevens* Governor Address to the Economic Society of Australia Luncheon Brisbane – 10 June 2015 Thank you for the invitation to speak in Brisbane once again. The last time I spoke with this group, in July 2013, the economy was estimated to

The post Captain Glenn bears up appeared first on MacroBusiness.

Liberal MPs see ‘yellow peril’ in housing

June 10, 2015 - 12:33 -- Admin

By Leith van Onselen Concerns over foreign investors pricing locals out of home ownership appears to be boiling over, with a group of Liberal MPs raising the alarm. From The Canberra Times: Fiona Scott, who holds the bellwether western Sydney seat of Lindsay [said] “Prices are increasing at a rate of knots and it has

The post Liberal MPs see ‘yellow peril’ in housing appeared first on MacroBusiness.

Miners sell as futures fade

June 10, 2015 - 12:30 -- Admin

Big iron is on the nose again today. BHP is up a touch but RIO is down more and has breached support levels in its recent rebound. FMG is also down 2%. To the indexes: The idiocy spreads are galloping closed again:   And juniors just as dead: Dalian has faded from last night 3

The post Miners sell as futures fade appeared first on MacroBusiness.

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

Port Kembla mulls closure

June 10, 2015 - 12:07 -- Admin

From Fairfax: Unions are meeting with BlueScope this morning after it was revealed the Port Kembla Steelworks may close if major cost savings aren’t achieved. Up to 1000 jobs are directly at risk, the Illawarra Mercury reported. AWU branch secretary Wayne Phillips said the company had given direction to workers to find savings of $50

The post Port Kembla mulls closure appeared first on MacroBusiness.

Actuaries, industry funds, call for super reform

June 10, 2015 - 11:36 -- Admin

By Leith van Onselen The Actuaries Institute has called for urgent and sensible reform of the superannuation and retirement incomes system, recommending the following in its response to the government’s tax discussion paper: introducing a lifetime cap of around $2.5 million on superannuation savings which can be transitioned into a superannuation income stream which pays

The post Actuaries, industry funds, call for super reform appeared first on MacroBusiness.

Consumer sentiment tanks to new low

June 10, 2015 - 10:54 -- Admin

From Matthew Hassan at Westpac: • The Westpac–Melbourne Institute Index of Consumer Sentiment fell 6.9% in June from 102.4 in May to 95.3 in June. This is a surprisingly weak result. It now appears that last month’s surge of optimism was a brief ‘relief rally’ following the RBA’s May rate cut and a Budget that

The post Consumer sentiment tanks to new low appeared first on MacroBusiness.

China carbon emissions peak in sight

June 10, 2015 - 10:27 -- Admin

From Fergus Green and Nicholas Stern: China has grown rapidly – often at double-digit rates – for more than three decades by following a strategy of high investment, strong export orientation and energy-intensive manufacturing. While this growth lifted hundreds of millions out of poverty, it also heightened problems of inequality – personal, regional and urban-rural

The post China carbon emissions peak in sight appeared first on MacroBusiness.

Consumer confidence fades to grey

June 10, 2015 - 10:16 -- Admin

By Leith van Onselen The ANZ-Roy Morgan Research consumer confidence index continues to retrace its post-Budget bounce, falling a further 1.4 points to 112.1 in the week ended 7 June, to be tracking below the long-run average of 112.7 (see next chart). Commenting on the result, ANZ chief economist, Warren Hogan, noted that confidence is

The post Consumer confidence fades to grey appeared first on MacroBusiness.

Pages