Blogotariat

Oz Blog News Commentary
The Australian Independent Media Network Wednesday, May 12, 2021 - 19:26 Source

By Mark Thompson   While the rate will be raised, the Morrison government has promised to be tougher on those who need welfare in order to survive. In handing down the Federal Budget, the government offered welfare recipients both the carrot and the stick. In the same breath where they promised an increase to JobSeeker (by…

The post After a paltry increase, Morrison vows to crack down on welfare recipients appeared first on The AIM Network.

Read more Views: 66
The Australian Independent Media Network Wednesday, May 12, 2021 - 18:59 Source

Lately I’ve been thinking about all sorts of things and I find that just thinking about things is sometimes enough to make you feel like you should be in charge and you’d give those politicians a jolly good talking to. Of course, that doesn’t mean they’d listen. They tend to listen more to people who…

The post Debt And Deficit For Dummies… appeared first on The AIM Network.

Read more Views: 64
Renew Economy Wednesday, May 12, 2021 - 17:28 Source

growattGrowatt has won an 'All Quality Matters' award for the outstanding performance of its ARK

Read more Views: 65
The Australian Independent Media Network Wednesday, May 12, 2021 - 17:23 Source

By Denis Bright   Josh Frydenberg has presented a re-election budget. Its assumptions have been challenged by the grim realities of the budget papers themselves and some critical reporting in sections of the mainstream media. The political rhetoric is about untested future possibilities from the conservative crew which brought an unequal recovery from the excesses of…

Read more Views: 71
MacroBusiness Wednesday, May 12, 2021 - 17:00 Source

Still not a pretty sight across risk markets here in Asia with Taiwanese stocks in near freefall, while other risk assets remain concerned about inflation fears across the US and Europe, with both German and US inflation monthly prints coming in tonight. In crypto land, Bitcoin has bounced back from a short term blip down

The post Macro Afternoon appeared first on MacroBusiness.

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

Read more Views: 54
The Australian Independent Media Network Wednesday, May 12, 2021 - 15:02 Source

By Andrew Wicks   Last night’s budget vowed to “help more Australians realise their goal of home ownership.” However, we’ve been told the same thing for the last three years. In last night’s budget, we got a whiff of something familiar. The Coalition wants to help us find our forever home. There are three main points that…

The post Don’t believe the hype, housing affordability was ignored in this budget appeared first on The AIM Network.

Read more Views: 64
Your Democracy Wednesday, May 12, 2021 - 14:07 Source

lamelame

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Read more Views: 44
MacroBusiness Wednesday, May 12, 2021 - 14:00 Source

CoreLogic’s head of research, Eliza Owen, has released a note explaining the federal budget’s housing policy changes: Housing affordability is becoming an increasing concern for first home buyers and policy makers amid recent, rapid price increases. But the double-edged sword of reducing housing values to make them more affordable, is that housing also makes up

The post Federal budget: Increasing home ownership on the Coalition’s terms appeared first on MacroBusiness.

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

Read more Views: 66
Renew Economy Wednesday, May 12, 2021 - 13:54 Source

Kerry Schott clean energy summit energy security board esb - optimisedESB chair says not to worry about when coal plants might close, because they're already going broke.

Read more Views: 43
Renew Economy Wednesday, May 12, 2021 - 13:53 Source

Solar photovoltaic pioneer Professor Martin Green says solar module prices will continue to plummet, reaching 10 US cents per watt by 2023.

Read more Views: 45
Renew Economy Wednesday, May 12, 2021 - 13:49 Source

Clean Energy Regulator officially declares that the RET is met, as new wind and solar delivered more than 33,000GWh in the 12 months to late January.

Read more Views: 49
MacroBusiness Wednesday, May 12, 2021 - 13:40 Source

Stephen Clibborn and Chris F. Wright from the University of Sydney have attacked Josh Frydenberg’s decision to uncap international students’ work hours across hospitality and tourism, claiming that it will create a “guest worker state” that will push wages and working conditions lower: Our research shows it [the decision] is consistent with a troubling 25-year

The post Academics: Frydenberg turns Australia into “guest worker state” appeared first on MacroBusiness.

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

Read more Views: 70
MacroBusiness Wednesday, May 12, 2021 - 13:20 Source

More good news today on the Australia/China divorce from the anti-Australian nutters at SCMP: China aims to cut more Australian LNG imports. Turkmenistan is already China’s largest gas supplier. That will expand. There will also more trade, investment and connectivity. That’s more like it. Turkmenistan is a semi-communist dictatorship so fits right in with the

The post China to shift more LNG imports from Australia appeared first on MacroBusiness.

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

Read more Views: 43
MacroBusiness Wednesday, May 12, 2021 - 13:00 Source

Roy Morgan has released its inflation expectations survey for April, with Australians expecting inflation of only 3.7% over the next two years – well below the RBA’s inflation target of 2% to 3% inflation annually: However, it is the first time since June 2018 that Inflation Expectations are now higher than they were a year

The post Inflation expectations remain suppressed appeared first on MacroBusiness.

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

Read more Views: 40
MacroBusiness Wednesday, May 12, 2021 - 12:40 Source

Australia’s bloated superannuation sector was a major beneficiary of last night’s federal budget. Not only did the budget keep the scheduled rise in the superannuation guarantee (SG) to 12% in place, but it also: removed the current $450 per month minimum income threshold for the superannuation guarantee; removed the work test for older Australians to

The post Bloated superannuation sector to expand following Budget appeared first on MacroBusiness.

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

Read more Views: 41
Renew Economy Wednesday, May 12, 2021 - 12:05 Source

The "exceptional" January 2020 performance of Australia’s original Tesla big battery continues to set an unattainable benchmark for French renewables giant Neoen.

Read more Views: 40
MacroBusiness Wednesday, May 12, 2021 - 12:00 Source

According to Robert Gottliebsen, the collapse in immigration is about to send wages into the stratosphere and force employers to invest in labour saving technology. Therefore, Australia quickly needs to reboot immigration to ward off wage rises: Australia should prepare for much higher wage and salary pressures… I was talking to professional services firms including

The post Gotti panics over impending “wages explosion” appeared first on MacroBusiness.

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

Read more Views: 34
MacroBusiness Wednesday, May 12, 2021 - 12:00 Source

Australian property market prices continued to climb over the last month, and mortgage interest rates stayed constant. There are some extraordinary divergences in affordability. It has never been cheaper in most markets to service a mortgage, but never more expensive to save for a deposit or pay off the loan. In general, housing valuation and

The post April Australian property market update appeared first on MacroBusiness.

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

Read more Views: 35
Renew Economy Wednesday, May 12, 2021 - 11:45 Source

investors matt matthew kean NSW energy minister clean energy summit IGCC investors - optimisedNSW energy minister Matt Kean says the state has no option but to produce green hydrogen, but it will lead to a more prosperous economy.

Read more Views: 38
MacroBusiness Wednesday, May 12, 2021 - 11:40 Source

It is clear from last night’s federal budget that the Australian Treasury has no idea on wages. For years we watched the Treasury make bullish predictions on wage growth, always forecasting a marked pick-up in wages over the forward estimates period: This bullishness came despite the federal government running one of the biggest immigration programs

The post Treasury has no idea on wages appeared first on MacroBusiness.

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

Read more Views: 37
MacroBusiness Wednesday, May 12, 2021 - 11:20 Source

SQM Research has released its rental vacancy data for April, which reports a national rental vacancy rate of only 1.9% – the lowest level of vacancies since March 2013. Rental vacancies are zipped tight everywhere except Melbourne and Sydney, which have been hit hardest by the loss of international students, as illustrated clearly in the

The post Rental vacancies tightest in 8 years appeared first on MacroBusiness.

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

Read more Views: 36
MacroBusiness Wednesday, May 12, 2021 - 11:00 Source

BofA with the note. I agree with the conclusions: Four futures for inflation A different asset allocation is warranted depending on what you believe about inflation and its effects. 1. Transitory and good: on this view, the good news about“bad” prices is that those prices are a sign of a faster-than-expected economic rebound. Temporary frictions

The post What kind of inflation is coming? appeared first on MacroBusiness.

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

Read more Views: 42
Renew Economy Wednesday, May 12, 2021 - 10:44 Source

Former prime minister Malcolm Turnbull.</body></html>

Read more Views: 37
MacroBusiness Wednesday, May 12, 2021 - 10:40 Source

There is nothing that a pollie likes more than temporary revenue recycled as permanent spending. Capital Economics with the note: Treasurer Josh Frydenberg revealed in today’s Budget that the government will spend nearly all of the windfall accruing from the stronger economic recovery. That will result in a permanently larger role of the state and a

The post The old temporary revenue meets permanent spending trick! appeared first on MacroBusiness.

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

Read more Views: 93
MacroBusiness Wednesday, May 12, 2021 - 10:20 Source

The Australian’s Judith Sloan, a former commissioner at the Productivity Commission, has demolished the vested interests pushing for a quick return to mass immigration. In summary: Supporters of a ‘Big Australia’ include the property sector, universities and other educational institutions, and federal Treasury. These organisations never consider the downsides of high immigration levels, including lower

The post Judith Sloan demolishes ‘Big Australia’ carpetbaggers appeared first on MacroBusiness.

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

Read more Views: 33
MacroBusiness Wednesday, May 12, 2021 - 10:00 Source

According to Digital Finance Analytics (DFA), mortgage stress levels continue to rise, with 1.52 million households across the country in mortgage stress at the beginning of May, a 1.1% increase from the prior month. This is up significantly from February 2020, just prior to the COVID pandemic, when 32.9% of households were deemed by DFA

The post How can mortgage stress be rising? appeared first on MacroBusiness.

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

Read more Views: 30
xkcd.com Wednesday, May 12, 2021 - 10:00 Source

The key to discovering life on Mars is to find someone who built a camera and landed it on Mars. Then you just look through the pictures for plants and dogs and stuff.

Read more Views: 7
MacroBusiness Wednesday, May 12, 2021 - 09:40 Source

Westpac with the note: Headline Weekly Payroll jobs estimates rose 0.4% between April 24 and April 10. Total wages paid by employers rose by 0.3%. For the second fortnight in a row, seasonal factors associated with shifting school holidays have made it difficult to obtain a clear read on the impact of the ending of

The post Post JobKeeper jobs softness appears appeared first on MacroBusiness.

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

Read more Views: 28
MacroBusiness Wednesday, May 12, 2021 - 09:20 Source

The ferrous complex calmed down a little yesterday after Chinese regulatory intervention but oftentimes it takes more than one hammer to hit the iron ore nail so expect further moves. Spot eased. Paper firmed overnight. Steel waltzed straight through: In data new, Brazilian April exports were soft as expected, up only 7.5% over the year.

The post Daily iron ore price update (China census demographic doom) appeared first on MacroBusiness.

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

Read more Views: 27
MacroBusiness Wednesday, May 12, 2021 - 09:00 Source

While the NASDAQ was unchanged overnight, the risk of the risk complex continued to oscillate into negative territory on inflation concerns with Treasury yields spiking yet again. European stocks joined in on the selloff alongside the broader issues on Wall Street, while the USD was largely unchanged as commodity prices continued their advance. This along

The post Macro Morning appeared first on MacroBusiness.

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

Read more Views: 26

Pages