Blogotariat

Oz Blog News Commentary

Articles from MacroBusiness

Links 13 December 2017

December 13, 2017 - 00:01 -- Admin

Global Macro / Markets / Investing: With markets going crypto-crazy, SEC chairman weighs in – Tech Crunch Who’s Afraid of Bitcoin? The Futures Traders Going Short – WSJ ETFs shattered their growth records in 2017 – Apple News Bitcoin Futures Set Scene for More Gambling – NY Times Will Robots Take Our Children’s Jobs? –

The post Links 13 December 2017 appeared first on MacroBusiness.

Macro Afternoon

December 12, 2017 - 16:30 -- Admin

by Chris Becker A lack of trading volume as risk markets hesitate before the dual ECB/Fed meeting this week saw most Asian stock markets retreat slightly today, with currency markets also relatively stable. Oil prices gained a little, particularly Brent crude, but overall a calm before the storm. In mainland China the Shanghai Composite has given back

The post Macro Afternoon appeared first on MacroBusiness.

#SardineSydney’s trains hit breaking point

December 12, 2017 - 14:30 -- Admin

By Leith van Onselen Another week, another #SardineSydney story in the mainstream media on how the city’s population is swelling way above the capacity of its infrastructure. The latest example relates to Sydney’s long suffering trains, where skyrocketing passenger numbers have again caused chronic crush-loading chaos. From The ABC [my emphasis]: Sydney Trains has apologised

The post #SardineSydney’s trains hit breaking point appeared first on MacroBusiness.

Barclays: Australian dollar worst of the G10 ahead

December 12, 2017 - 13:54 -- Admin

Via Barclays: We see AUD under-performance against G10 currencies. Australia’s growth and inflation are likely to remain subdued. Given its late-cycle position, secular adjustments in the commodity sector and downside risks to construction activity and investment. The AUD remains overvalued and its carry advantage over the USD is likely to continue to narrow, with the

The post Barclays: Australian dollar worst of the G10 ahead appeared first on MacroBusiness.

Amid flammable high-rise, building operators turn off fire alarms

December 12, 2017 - 13:40 -- Admin

By Leith van Onselen In the wake of June’s Grenfell tower disaster in London, which claimed the lives of around 80 people, a special Victorian Taskforce interim report last week identified 1,400 buildings with flammable cladding, including eight hospitals. But rather than the Grenfell tower disaster prompting caution and vigilance, some Melbourne building operators have

The post Amid flammable high-rise, building operators turn off fire alarms appeared first on MacroBusiness.

There’s merit in giving states greater taxing powers

December 12, 2017 - 13:00 -- Admin

By Leith van Onselen The Institute of Public Affairs (IPA) has proposed adopting a system of “competitive federalism”, whereby the states would be responsible for setting their own GST rate and retaining the revenue. IPA executive director John Roskam suggests that the states and territories could also be allowed to impose their own income taxes.

The post There’s merit in giving states greater taxing powers appeared first on MacroBusiness.

ASX fails to launch again

December 12, 2017 - 12:35 -- Admin

In what is becoming a regular feature of the local stock market, strong overnight leads from Europe and the US opened the bourse up but it faded through the morning: Big Iron is up on China’s rapidly easing credit growth. Go figure: Pensioner killing roars on: Big Gold is sinking at last: Big Sleazy is

The post ASX fails to launch again appeared first on MacroBusiness.

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

Specufestors continue to pull back from Sydney’s housing bubble

December 12, 2017 - 12:11 -- Admin

By Leith van Onselen Australia’s speculator frenzy has continued to moderate, according to today’s Lending Finance data for October, released by the ABS. As shown below, the annual value of investor loans in New South Wales (read Sydney) continues to fall, whereas Victoria (read Melbourne) – the second hottest market – continues to rise slowly. By

The post Specufestors continue to pull back from Sydney’s housing bubble appeared first on MacroBusiness.

ABS: Sydney drove property prices down in September quarter

December 12, 2017 - 11:50 -- Admin

By Leith van Onselen The ABS has today released its property price index – incorporating both detached houses and units – which registered a 0.2% decline in home values nationally over the September quarter but an 8.3% gain over the year, a slowing from the 10.2% annual growth initially reported in the year to June:

The post ABS: Sydney drove property prices down in September quarter appeared first on MacroBusiness.

NAB Business Survey crashes back to earth

December 12, 2017 - 11:46 -- Admin

The dream is over for the NAB survey: Last month’s surprise spike in business conditions was more than unwound in November, although that was partly expected. Despite the drop, business conditions remain well above the long-run average and are at solid levels across most of the economy. Forward orders were stronger as well. The construction

The post NAB Business Survey crashes back to earth appeared first on MacroBusiness.

Pages