Blogotariat

Oz Blog News Commentary

Articles from MacroBusiness

Macro Afternoon

May 29, 2020 - 16:30 -- Admin

A flat end to the week as the window dressing month end meme takes place across risk assets with most stock markets pulling back here in Asia. Besides the usual end of month reshuffle, risk is still waiting Trump’s policy announcement on China, but it seems he’s too busy having a dummy spit about Twitter

The post Macro Afternoon appeared first on MacroBusiness.

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

AEP: No v-shaped recovery for the West

May 29, 2020 - 16:12 -- Admin

Via Ambrose Evans-Pritchard: The V-shaped recovery in East Asia is sadly no template for the blundering West. The near euphoric rally on global equity markets is based on a fundamental fallacy. Most of Europe and North America are not pursuing the policies that enabled China and the Pacific Rim – with big variations – to

The post AEP: No v-shaped recovery for the West appeared first on MacroBusiness.

SA policeman puts jackboot on Hong Kong

May 29, 2020 - 16:03 -- Admin

Via the ABC: SA Police has launched an investigation into a photo which purportedly shows one of its uniformed police officers supporting Hong Kong’s police force. The photo, which features in an International Police Association (IPA) magazine, defends the conduct of Hong Kong Police during the protests last year, despite claims from protesters that officers

The post SA policeman puts jackboot on Hong Kong appeared first on MacroBusiness.

Bannon: World must stop China in Hong Kong

May 29, 2020 - 16:00 -- Admin

Via The Wire comes Steve Bannon: Q. On Thursday, Beijing announced that it was planning new national security laws that could give China’s leaders greater control over Hong Kong and undermine civil liberties in the semi-autonomous territory. This looks like a bold move by Xi Jinping and Beijing’s leaders aimed directly at anti-government protests and

The post Bannon: World must stop China in Hong Kong appeared first on MacroBusiness.

Aussie credit growth screams deleveraging

May 29, 2020 - 15:55 -- Admin

Via the excellent Damien Boey at Credit Suisse: Credit growth surprises materially to the downside. Bank credit was unchanged in April, compared with the Consensus forecast for 0.6% monthly growth. Year-ended growth slowed to 3.6% from an upwardly revised 3.7%, versus expectations for a pick up to 4% . Compositionally, business and housing credit rose moderately, while personal credit fell. Arguably the

Carmageddon awaits unless work from home continues

May 29, 2020 - 15:00 -- Admin

With social distancing likely to be the norm over the next two years, the notion of sardine-packing residents into trains, buses and trams is obviously no longer viable if Australia is to contain outbreaks of COVID-19. Indeed, a new Roy Morgan survey suggests Australia faces a dilemma: “continue working from home or return to work

The post Carmageddon awaits unless work from home continues appeared first on MacroBusiness.

Keen versus Gurner to distract Switzer investors

May 29, 2020 - 14:30 -- Admin

Bloody Switzer won’t leave poor Steven Keen alone: WATCH | SWITZER TV PROPERTY: “Dr Doom” Steve Keen and Tim Gurner join @PeterSwitzer on our latest property show.@ProfSteveKeen#Investing #Property #Economy #Money #Finance #HousePrices #RBA #COVID19 — Switzer (@Switzercomau) May 29, 2020 Roll out the housing bear to distract investors from this underperforming ETF:

Mortgage repayment cliff beckons

May 29, 2020 - 14:00 -- Admin

A Senate committee has been told that businesses and households have now deferred around $250 billion worth of loan repayments due to the coronavirus pandemic. However, Australian Prudential Regulation Authority (APRA) chairman Wayne Byres conceded that some customers will not be able to repay their loans when they are required to resume repayments: Australian Prudential

The post Mortgage repayment cliff beckons appeared first on MacroBusiness.

ANU: Job and income losses halted, confidence rising

May 29, 2020 - 13:30 -- Admin

Average hours worked increased from 32.3 per week in April to 32.8 per week in May, according to a study by the Australian National University’s (ANU) Centre for Social Research and Methods. The increase followed the easing of COVID-19 restrictions and improved health results, with the study also finding that employment has levelled out at

The post ANU: Job and income losses halted, confidence rising appeared first on MacroBusiness.

Shrinking COVID-19 cases mock Qld border closures

May 29, 2020 - 13:00 -- Admin

New data makes a mockery of the Queensland Government’s border closures. While there have now been 7,150 confirmed cases of the coronavirus in Australia, and the nation’s death toll stands at 103, the number of active cases has fallen to just 466, after falling by one-third over the past fortnight. This includes only 378 active

The post Shrinking COVID-19 cases mock Qld border closures appeared first on MacroBusiness.

Pages