Blogotariat

Oz Blog News Commentary

Articles from MacroBusiness

To save the furniture, ScoMo must cut immigration

November 5, 2018 - 00:15 -- Admin

It’s blindingly obvious what ScoMo should do, via Judith Sloan: At the rate the Morrison government is going, it will need only two or three second-hand Taragos to ferry around the surviving Liberal parliamentarians after the next election. For the life of me, I can’t understand why Scott Morrison doesn’t do something to avoid this outcome.

The post To save the furniture, ScoMo must cut immigration appeared first on MacroBusiness.

How has the US smoothly shut 1000% more coal power than Straya?

November 5, 2018 - 00:14 -- Admin

This might be hard for you to believe. As we know, President Donald Trump does not believe in climate change. Indeed, he professes a love for coal and delivers policy in support of it. The US has trashed multilateral climate change agreements over and again while Australia has supported them. To the Fake Left the

The post How has the US smoothly shut 1000% more coal power than Straya? appeared first on MacroBusiness.

Auction clearances crash into the low-40s

November 5, 2018 - 00:10 -- Admin

CoreLogic released its auction report yesterday, which reported another pathetically weak round of auctions. The preliminary national auction clearance rate was just 47.4% versus 50.2% last weekend (later revised down to 47.2%). The preliminary clearance rate was also way below the 61.5% recorded in the same weekend of last year: Auction volumes nationally were 1,529

The post Auction clearances crash into the low-40s appeared first on MacroBusiness.

CSR the croaking canary as dwelling construction falls

November 5, 2018 - 00:10 -- Admin

By Leith van Onselen With Australia’s dwelling construction boom well past its peak, CSR has cut its brick output from one of its production kilns in Sydney and has cut back shifts at its Western Australian plasterboard facility. From The AFR: CSR supplies Gyprock plasterboard, PGH bricks, Hebel precast concrete blocks and panels, and Bradford

The post CSR the croaking canary as dwelling construction falls appeared first on MacroBusiness.

Australian dollar goes wild on US wages boom

November 5, 2018 - 00:09 -- Admin

DXY rebounded over the weekend but not that much as CNY takes off on trade hopes. EUR fell: AUD was wild, launching then crashing: Gold held up: Oil didn’t: Base metals were solid: Big miners eased: EM stocks flamed out: Junk was solid: Treasuries were belted: Bunds bought: Stocks were mixed: US jobs are still

The post Australian dollar goes wild on US wages boom appeared first on MacroBusiness.

Links 5 November 2018

November 5, 2018 - 00:01 -- Admin

Global Macro / Markets / Investing: The New Retirement Plan: Save Almost Everything, Spend Virtually Nothing – WSJ The Perversion of Fiscal Policy – NY Times Warren Buffett’s Berkshire Hathaway Repurchases More Than $900 Million of Stock – WSJ Bitcoin’s ‘First Felon’ Faces More Legal Trouble – NY Times Investors dump Treasuries after strong wage

The post Links 5 November 2018 appeared first on MacroBusiness.

Weekend Links, 3-4 November, 2018

November 2, 2018 - 21:54 -- Admin

Sheep Country, Burra, 1950, Douglas Dundas, Art Gallery of NSW   Markets and Macro Gold buying by central banks hits its highest level in almost three years – CNBC Trump says he and China’s Xi had good exchange on trade – Nikkei Asian Review Start-Ups Ask, ‘Are We Making Money for Saudi Arabia?’ – NY

The post Weekend Links, 3-4 November, 2018 appeared first on MacroBusiness.

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

Macro Afternoon

November 2, 2018 - 15:50 -- Admin

A somewhat mixed end to the week here in Asia with most stock markets rising the wave of confidence that has set in on Wall Street earlier. Despite advancing local currencies due to a reversion in USD sentiment, plus falling oil prices, stocks look set to build from here – if tonight’s US unemployment print

The post Macro Afternoon appeared first on MacroBusiness.

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

Has Tim Wilson heard of the i-n-t-e-r-n-e-t?

November 2, 2018 - 14:30 -- Admin

It’s new and really cool: Liberal MP Tim Wilson has called on Bill Shorten to sack Labor frontbencher Andrew Leigh for talking down Australia’s economy in an opinion piece in the New York Times. Mr Wilson said “bagging Australia’s economy” in the United States would deter much needed investment. “Bill Shorten can’t have both: it’s

The post Has Tim Wilson heard of the i-n-t-e-r-n-e-t? appeared first on MacroBusiness.

Driverless cars to worsen traffic gridlock

November 2, 2018 - 14:15 -- Admin

By Leith van Onselen Economist Brian Haratsis predicts that around 30 million vehicles will be on Australian roads by 2030, compared to 19 million currently, comprising a combination of traditional and driverless cars. He predicts that the increased use of driverless cars will lead to greater congestion as the cost of commuting is expected to

The post Driverless cars to worsen traffic gridlock appeared first on MacroBusiness.

Pages