Blogotariat

Oz Blog News Commentary

Articles from MacroBusiness

German firms gallop out of Chinese supply chains

November 15, 2019 - 11:20 -- Admin

Trade war going swimmingly. Via the German Chamber of Commerce in China, things are not going well: One quarter of firms have given up on Chinese expansion: A range of reasons: With trade war issues at the top: Nasty impact from tarrifs: One quarter mulling relocation: Mostly to SE Asia: Chinese growth will keep slowing.

The post German firms gallop out of Chinese supply chains appeared first on MacroBusiness.

Will China take the stimulus plunge again?

November 15, 2019 - 11:00 -- Admin

Via the FT: China’s fixed-asset investment growth has sunk to its lowest level in two decades as the Chinese leadership’s cautious stimulus fails to prop up the domestic economy in the face of a deepening slowdown. … The deepening economic slowdown, intensified by the US-China trade row, has ratcheted up pressure on Beijing to launch

The post Will China take the stimulus plunge again? appeared first on MacroBusiness.

The problem with traditional ethical funds

November 15, 2019 - 10:40 -- Admin

Ethical investment inflows have doubled in 2019. But, the Wall Street Journal highlights a problem near to my heart: ethical investing is not the same to everyone. Funds with a focus on socially responsible investing are enjoying a record year of inflows. But many such portfolios aren’t as clean as investors might expect. Eight of

The post The problem with traditional ethical funds appeared first on MacroBusiness.

Superannuation industry wants Costello rort brought back

November 15, 2019 - 10:40 -- Admin

History doesn’t repeat but it sure does rhyme. In 2006, then Treasurer Peter Costello announced that the taper rate by which the Aged Pension is phased-out would be halved from $3 per $1,000 of assets over the threshold to $1.50. This change greatly relaxed the assets test for the Pension, and led to the ridiculous

The post Superannuation industry wants Costello rort brought back appeared first on MacroBusiness.

Where did the rate and tax cuts go? Debt

November 15, 2019 - 10:20 -- Admin

Recessionberg is looking for tax cuts. Via Domain: The Morrison government is looking at ways to deliver tax relief to middle income earners as a much-needed boost to the economy after the nation suffered its biggest one-month fall in jobs in more than three years. Treasurer Josh Frydenberg said the government was “always looking” at

The post Where did the rate and tax cuts go? Debt appeared first on MacroBusiness.

Youth labour market turns nasty

November 15, 2019 - 10:00 -- Admin

Yesterday’s ABS labour force release for October revealed a sharp deterioration in Australia’s youth labour market – i.e. those aged 15 to 24 years old – with falling jobs growth and rising unemployment and underemployment. The trend headline unemployment rate rose to 12.05% in October: Total employment growth for those aged 15-24 years fell to

The post Youth labour market turns nasty appeared first on MacroBusiness.

How Scummo conned the “quiet Australians”

November 15, 2019 - 09:40 -- Admin

Wowsers, check this out from the AFR: Malcolm Turnbull was advised in a confidential memo in the aftermath of the 2016 election that the property boom was costing the Coalition support in the outer suburbs, regional cities and towns and the government needed to shift political strategy to avoid losing power. The analysis, by current

The post How Scummo conned the “quiet Australians” appeared first on MacroBusiness.

Daily iron ore price update (Pavlov’s dogs)

November 15, 2019 - 09:20 -- Admin

Texture from Reuters: Steel output was also curtailed by poor profits at mills. Besides surging iron ore prices that have pressured steel firms this year, analysts also noted that output from electric arc furnaces has been affected by higher scrap steel prices. “The price for steel scrap increased by almost 100 yuan ($14.30) per tonne

The post Daily iron ore price update (Pavlov’s dogs) appeared first on MacroBusiness.

Australian dollar hammered as bond boom returns

November 15, 2019 - 09:00 -- Admin

DXY eased last night as EUR firmed: The Australian dollar was put to the sword versus DMs: And EMs: Gold bounced: Oil fell: Metals were crushed: But miners did better as iron ore bounced on Pavlovian stimulus hopes: EM stocks were soft: Junk was fine: Bonds roared: Stocks were soft: There was not much in

The post Australian dollar hammered as bond boom returns appeared first on MacroBusiness.

Macro Morning

November 15, 2019 - 05:30 -- Admin

By Chris Becker  Overnight risk markets are in retracement mode as the USD also falls against all the majors except the commodity proxies as Aussie, Kiwi and Loonie remain subdued. European stocks fell as bond yields dropped everywhere except in Italy, while oil prices are not moving as the latest inventory report surprises with a

The post Macro Morning appeared first on MacroBusiness.

Pages