Blogotariat

Oz Blog News Commentary

Articles from MacroBusiness

Member’s Report: 55 charts on the Aussie economy

June 15, 2018 - 00:25 -- Admin

By Leith van Onselen Commencing today, MB will produce a monthly chart pack on the Australian economy for paid subscribers. These charts are broken down by topic and presented without comment. They are intended to give readers a birds-eye view of the economy and draw on data from key agencies. Economic Growth National Income Investment

The post Member’s Report: 55 charts on the Aussie economy appeared first on MacroBusiness.

Sydney schools at “breaking point” from population deluge

June 15, 2018 - 00:20 -- Admin

By Leith van Onselen The immigration-driven population boom in Sydney – which has added nearly one million people to Sydney’s population over the past 13 years and is projected to increase Sydney’s population by 87,000 people a year over the next 20 years – is the gift that keeps on giving. Last week, 9News reported

The post Sydney schools at “breaking point” from population deluge appeared first on MacroBusiness.

CoreLogic weekly Australian house price update: rebound

June 15, 2018 - 00:12 -- Admin

By Leith van Onselen In the week ended 14 June 2018, the CoreLogic 5-city daily dwelling price index, which covers the five major capital city markets, rebounded 0.04%: Values rose across three major markets but fell in two: So far in June home values have fallen 0.03%, driven by Melbourne:   So far in 2018,

The post CoreLogic weekly Australian house price update: rebound appeared first on MacroBusiness.

Youth labour market: still sick, but improving

June 15, 2018 - 00:10 -- Admin

By Leith van Onselen Yesterday’s ABS labour force release for May revealed a weakening Australian youth labour market – i.e. those aged 15 to 24 years old. The trend headline unemployment rate fell to 12.17% in May from 12.28% in April: Whereas total employment growth for those aged 15-24 years of age is rising fast:

The post Youth labour market: still sick, but improving appeared first on MacroBusiness.

Daily iron ore price update (the last hurrah)

June 15, 2018 - 00:05 -- Admin

Iron ore prices for June 14, 2018: Tianjin benchmark was up 20 cents to $65. Paper was flat overnight. Steel is running. And is it any wonder with output like this: Inventories are reasonable so it has to be underlying demand. As I’ve noted recently with the big rebound in exports, I think OBOR-demand is

The post Daily iron ore price update (the last hurrah) appeared first on MacroBusiness.

Links 15 June 2018

June 15, 2018 - 00:01 -- Admin

Global Macro / Markets / Investing: Bitcoin’s Price Was Artificially Inflated Last Year, Researchers Say – NY Times Tether Used to Manipulate Price of Bitcoin During 2017 Peak, New Study Says – Bloomberg Bitcoin Extends Its Decline – Bloomberg Blockchains Talking to Each Other Gives Hope to Crypto Diehards – Bloomberg PayPal rival Adyen surges

The post Links 15 June 2018 appeared first on MacroBusiness.

Macro Afternoon

June 14, 2018 - 16:41 -- Admin

An unimpressive result from the Chinese trifecta of mid tier data, alongside a poor lead from Wall Street overnight saw Asian stocks sell off across the board. An equally unimpressive jobs report locally saw the Aussie dollar flounder after its mild selloff against the USD in the wake of last nights FOMC meeting. The Shanghai

The post Macro Afternoon appeared first on MacroBusiness.

China slows sharply as steel boom goes nuclear

June 14, 2018 - 14:41 -- Admin

China released its May data dump today and growth is slowing sharply. All measures missed expectations with industrial production at 6.8%, fixed asset investment at all time lows of 6.1% and retail sales likewise weak at 8.5%: But under the bonnet, the crucial real estate/steel complex is absolutely booming. Floor area sales rebounded to be

The post China slows sharply as steel boom goes nuclear appeared first on MacroBusiness.

REA flips the script: lower house prices are now good

June 14, 2018 - 13:15 -- Admin

By Leith van Onselen Back in October, REA chief economist, Nerida Conisbee, penned a self-serving article claiming that “cutting immigration won’t help housing” and would erode living standards: There’s no doubt that the more people there are living in Sydney and Melbourne, the higher property prices go. This has led to some commentary about migration

The post REA flips the script: lower house prices are now good appeared first on MacroBusiness.

Employment in detail: Good from afar but far from good

June 14, 2018 - 12:34 -- Admin

By Leith van Onselen As summarised earlier, the Australian Bureau of Statistics (ABS) today released its labour force report for May, which registered a 12,000 increase in total employment and a decrease in the headline unemployment rate to 5.4% from 5.6%, driven by falling labour force participation. In trend terms, the unemployment rate fell marginally

The post Employment in detail: Good from afar but far from good appeared first on MacroBusiness.

Pages