Blogotariat

Oz Blog News Commentary

Articles from MacroBusiness

Macro Afternoon

July 21, 2017 - 17:11 -- Admin

by Chris Becker The RBA’s inability to jawbone markets was the only big news in the Asian Friday session to finish the week as the USD remained relatively steady after selling off overnight on the expanded investigation into Trump’s collusion with Russia. Meanwhile the Aussie dollar and yields on Aussie bonds fell on the back

The post Macro Afternoon appeared first on MacroBusiness.

Is Australian inequality rising?

July 21, 2017 - 14:49 -- Admin

By Leith van Onselen Melbourne Institute of Applied Economic and Social Research deputy director, Roger Wilkins, has today labelled “patently false” the claim by Labor leader Bill Shorten that inequality in Australia is rising. From The AFR: Professor Wilkins told the Economic and Social Outlook Conference that the Australian Bureau of Statistics data on which

The post Is Australian inequality rising? appeared first on MacroBusiness.

RBA gallops into reverse on rates panic!

July 21, 2017 - 13:05 -- Admin

From Guy Debelle today: There are a large number of factors that the Reserve Bank Board takes into consideration in making its interest rate decision each month, both domestic and global. Today I would like to talk about some of the global influences on domestic monetary policy. As you are well aware, the Australian economy

The post RBA gallops into reverse on rates panic! appeared first on MacroBusiness.

Laura Tingle: politicians burying immigration debate

July 21, 2017 - 13:04 -- Admin

By Leith van Onselen The AFR’s Laura Tingle is the latest to jump on the immigration debate, accusing politicians of burying the issue despite its massive impacts on the economy and society: One of the ways governments try to signal their changing priorities to voters is to change the names of ministerial portfolios and government

The post Laura Tingle: politicians burying immigration debate appeared first on MacroBusiness.

ASX sags

July 21, 2017 - 12:52 -- Admin

Dalian is soft during the day: Big Iron is copping it: Big Gas does not look well: Those descending triangles on the majors might break. Oil has rebounded but they haven’t… Big Gold still looks weak too: Big Bubble has lost it’s froth: And Big Liar is whatever: Avagoodweekend.

The post ASX sags appeared first on MacroBusiness.

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

Death to the Death Tax!

July 21, 2017 - 12:21 -- Admin

The front page of the Australian is highlighting that the Labor party is starting to make inequality an issue for the next election, and Leith ran a post yesterday about the Labor party and a possible inheritance tax for next year. I find the whole inheritance tax debate fascinating. In my experience Australian’s have 3

The post Death to the Death Tax! appeared first on MacroBusiness.

How do markets react to QE tapering?

July 21, 2017 - 11:59 -- Admin

Via Citi: Balance sheet reductions and tapering Since 2008, central bank balance sheets across advanced economies (AEs) have expanded dramatically (e.g. Fed balance sheet went from 6% of GDP in 2007 to around 25% of GDP in 2015 and the ECB balance sheet went from 13% of GDP in 2007 to around 38% currently) and

The post How do markets react to QE tapering? appeared first on MacroBusiness.

Anatomy of an Auckland housing disaster

July 21, 2017 - 11:46 -- Admin

By Leith van Onselen Back in March, New Zealand’s Productivity Commission (PC) has released a report entitled “Urban planning – moving beyond the wheel spin”, which basically concluded that Auckland’s housing system is under siege from the combination of rapid population growth butting heads with a dysfunctional planning system, which is unable to cope with

The post Anatomy of an Auckland housing disaster appeared first on MacroBusiness.

Income taxes to rise to pay for company tax cuts

July 21, 2017 - 11:30 -- Admin

By Leith van Onselen At the same time as Labor is crowing about rising inequality, Prime Minister Malcolm Turnbull confirmed yesterday that the Coalition would push on with its pledge to cut the company tax rate to 25% for all companies. From The Australian: [The Prime Minister] turned attention to the government’s plan to cut

The post Income taxes to rise to pay for company tax cuts appeared first on MacroBusiness.

Gruen blames decline in male jobs on video games

July 21, 2017 - 10:35 -- Admin

By Leith van Onselen Yesterday, senior public servant, David Gruen, unbelievably blamed the rise in male joblessness on video games. From The Australian: Video games are luring young men away from the workforce in large-enough numbers to show up in the labour force survey… Although the number of hours worked per person has declined since

The post Gruen blames decline in male jobs on video games appeared first on MacroBusiness.

Pages