Blogotariat

Oz Blog News Commentary
Renew Economy Wednesday, August 3, 2022 - 10:11 Source

Read more Views: 38
Renew Economy Wednesday, August 3, 2022 - 10:00 Source

Read more Views: 30
MacroBusiness Wednesday, August 3, 2022 - 10:00 Source

The Australian economy is stalling… Full report.

The post Aussie services PMI stalls appeared first on MacroBusiness.

Read more Views: 25
xkcd.com Wednesday, August 3, 2022 - 10:00 Source

Ants have reverse chemtrails--regular citizens spraying chemicals everywhere they go to control the government.

Read more Views: 12
Your Democracy Wednesday, August 3, 2022 - 09:44 Source

Read more Views: 63
THE BLOT REPORT Wednesday, August 3, 2022 - 09:31 Source
Read more Views: 43
MacroBusiness Wednesday, August 3, 2022 - 09:30 Source

An interesting note from HSBC makes the point that I’ve argued recently that the Chinese property market appears to have passed some critical tipping point in the destruction of speculative psychology. I am expecting a slow recovery at best. L-shaped is the base case. July sales–a breather, as expected. According to CRIC’s preliminary sales data,

The post Chinese property resists bailouts appeared first on MacroBusiness.

Read more Views: 26
Your Democracy Wednesday, August 3, 2022 - 09:30 Source

New $500 million scoping plans for the Powerhouse at Ultimo have been condemned as an attempt to transform the museum into an entertainment centre by the overwhelming majority of public submissions.

Only six of 104 public submissions backed the concept plans for the 2.4-hectare site that potentially allow for a new public square, entrance, and a multistorey annex on the museum’s Harris Street forecourt.

Read more Views: 39
MacroBusiness Wednesday, August 3, 2022 - 09:30 Source

Risk sentiment has flipped to one of unease given the combination of further hawkish comments from the Fed and heightened tensions over US Speaker Pelosi’s visit to Taiwan, confirming the glass jaw of Chinese diplomacy is still as fragile as ever. This sent Chinese stock markets down sharply yesterday with currency volatility not far behind

The post Macro Morning appeared first on MacroBusiness.

Read more Views: 27
The Australian Independent Media Network Wednesday, August 3, 2022 - 09:27 Source

Speaking at a festival recently, Prime Minister Anthony Albanese proposed a referendum to create an Aboriginal and Torres Strait Islander Voice. Specifically, the proposal is that the following three sentences be added to the Australian Consitution Act of 1901 1. There shall be a body, to be called the Aboriginal and Torres Strait Islander Voice.…

The post The Voice to Parliament: Why the ‘Detail’ Argument is Bunk appeared first on The AIM Network.

Read more Views: 28
Renew Economy Wednesday, August 3, 2022 - 09:24 Source

Solar installers are now required to take selfies during

Read more Views: 34
MacroBusiness Wednesday, August 3, 2022 - 09:00 Source

The Aussie gas price continued to plunge yesterday as the evil gas cartel games the Albanese Government. The electricity price crashed right along with it: The gas cartel is playing funny buggers: East coast gas exporters including Santos and Origin Energy are understood to be in discussions through their industry lobby group on proposals that

The post And now for coal domestic reservation! appeared first on MacroBusiness.

Read more Views: 27
MacroBusiness Wednesday, August 3, 2022 - 08:30 Source

The AIG construction PMI: New orders are the key. Led lower by the post-COVID stimulus crash: Much worse ahead but this again underlines why fixing energy is so vital. There is lot of potential deflation in building materials but only if it is not held up, or made worse, by the energy shock. Full report.

The post Construction recession arrives appeared first on MacroBusiness.

Read more Views: 25
Cheeseburger Gothic Wednesday, August 3, 2022 - 07:54 Source

It was about a year ago this week I got out of hospital after lung surgery. And that was after three months of pretty debilitating illness, an illness that none of my doctors has ever really explained to me. I caught a cold somewhere in Newcastle, filling my chest cavity with an alarming brown fluid that my daughter described as the forbidden apple juice.

For a while there they were looking at lung cancer as a live option. I remember lying in that hospital bed, full of tubes, waiting three days for the hammer to come down.

Read more Views: 30
Your Democracy Wednesday, August 3, 2022 - 07:18 Source

US House Speaker Nancy Pelosi said her visit to Taiwan in “no way contradicts” Washington’s long-standing policy on the self-governed island after touching down in Taipei on Tuesday, despite stark warnings from China.

"Our Congressional delegation’s visit to Taiwan honors America’s unwavering commitment to supporting Taiwan’s vibrant Democracy," Pelosi said in a statement after landing. 

Read more Views: 27
MacroBusiness Wednesday, August 3, 2022 - 06:43 Source

DXY launched last night as EUR flamed out: AUD was thrashed across the board: Oil is holding desperately to $100: Base metals rolled with miners and EM: US yields spiked as Fed speakers hawked-up: Stocks eased: Westpac has the wrap: Event Wrap Tensions between US and China rose as US House Speaker Pelosi landed in Taipei. China announced a series of miliary

The post Australian dollar thrashed by dovish RBA appeared first on MacroBusiness.

Read more Views: 40
The Australian Independent Media Network Wednesday, August 3, 2022 - 06:00 Source

1 The first Question Time of the 47th Parliament this time last week was revealing for several reasons. Firstly, it demonstrated the enormous gap in experience between the Prime Minister and the Opposition Leader. Secondly, it showed the considerable gulf in intellect between the two. Because the Opposition carries so much baggage, they have to…

The post Question Time, a referendum, boats, more corruption and other matters appeared first on The AIM Network.

Read more Views: 17
MacroBusiness Wednesday, August 3, 2022 - 00:05 Source

The ABC published an article neatly explaining why rising interest rates necessarily means that house prices will fall. To cut a long story short, a higher interest rate lifts monthly mortgage repayments, which in turn limits the amount that a prospective home buyer can borrow. The ABC cites the real world experience of the Chamberlain

The post Why rising interest rates means falling house prices appeared first on MacroBusiness.

Read more Views: 38
MacroBusiness Wednesday, August 3, 2022 - 00:03 Source

The National Farmers’ Federation (NFF) and National Seniors Australia (NSA) have proposed reducing the income tax rate on pensioners’ earnings in order to address labour shortages. At present a single person can earn up to $480 per fortnight without affecting their pension entitlement, but they incur an effective marginal tax rate of 50% if their

The post Unleash ‘grey army’ to solve Australia’s labour shortages appeared first on MacroBusiness.

Read more Views: 34
MacroBusiness Wednesday, August 3, 2022 - 00:01 Source

Global Macro / Markets / Investing: Price Gouging at the Pump Results in 235% Profit Jump for Big Oil: Analysis – Bloomberg One of the greatest financial historians alive says central bankers have been incompetent for decades and inflation is our ‘big hangover’ – Fortune Workers are being punished for inflation. The real culprit is

The post Links 3 August 2022 appeared first on MacroBusiness.

Read more Views: 68
Renew Economy Tuesday, August 2, 2022 - 20:43 Source

Read more Views: 71
Renew Economy Tuesday, August 2, 2022 - 20:00 Source

The output of large scale wind and solar sets new record on Monday.

The post Graph of the Day: Large scale wind and solar set record output on Australia’s main grid appeared first on RenewEconomy.

Read more Views: 77
Your Democracy Tuesday, August 2, 2022 - 17:27 Source

It Wasn't Me: Soros Denies Causing US Violent Crime Spike While Pursuing Defunding Police Initiative

The 91-year-old billionaire philanthropist has been discreetly funding a revolution in criminal justice reform for the past few years, giving tens of millions of dollars to progressive candidates in district attorney contests around the nation as movements to eliminate bail and defund the police rage on.

Read more Views: 42
Cheeseburger Gothic Tuesday, August 2, 2022 - 17:19 Source

Tip o’ the propeller beanie to Brian Beard who pointed me at midjourney, a spooky fucking art bot that generates pretty good imagery from a few text prompts.

I got this from ‘space habitat, stealth destroyers, marines’. My first attempt…

Read more Views: 32
MacroBusiness Tuesday, August 2, 2022 - 16:30 Source

Asian stocks are having a poor session given the rising tensions in China and a pause overnight from more hawkish Fed talk, with Chinese stocks continuing their selling while the RBA meeting went and gone with no change in local stocks. The Australian dollar slumped on the 50bps rise by the RBA, after failing to

The post Macro Afternoon appeared first on MacroBusiness.

Read more Views: 36
Renew Economy Tuesday, August 2, 2022 - 15:27 Source

Read more Views: 36
Renew Economy Tuesday, August 2, 2022 - 15:19 Source

Read more Views: 41
Your Democracy Tuesday, August 2, 2022 - 15:19 Source

One of the outstanding features of Western media is its ability to have a collective memory loss. This was never more apparent than the current response to Russia’s special military operation in Ukraine. To listen to Western politicians expostulating on the current war one is effectively being persuaded by them to forget about Western invasions into the affairs of foreign countries over the past 60 or 70 years.

Read more Views: 39
Renew Economy Tuesday, August 2, 2022 - 15:18 Source

Read more Views: 27
MacroBusiness Tuesday, August 2, 2022 - 14:33 Source

As widely forecast the Reserve Bank of Australia (RBA) has dealt another blow to mortgage holders, hiking the official cash rate (OCR) another 0.5%, taking it to 1.85% Below is the official statement [my emphasis]: At its meeting today, the Board decided to increase the cash rate target by 50 basis points to 1.85 per

The post Lunatic RBA drives Australia closer to recession with 0.5% rate rise appeared first on MacroBusiness.

Read more Views: 32

Pages