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MacroBusiness Thursday, July 29, 2021 - 00:05 Source

Bernard Keane at Crikey took us down memory lane yesterday in useful fashion regarding Australia and China: At least Tony Abbott is prepared to admit he screwed up: what he once boasted as a “history making” trade deal with China, and one of his great achievements as prime minister, was a mistake based on “wishful thinking” and

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MacroBusiness Thursday, July 29, 2021 - 00:05 Source

Bernard Keane at Crikey took us down memory lane yesterday in useful fashion regarding Australia and China: At least Tony Abbott is prepared to admit he screwed up: what he once boasted as a “history making” trade deal with China, and one of his great achievements as prime minister, was a mistake based on “wishful thinking” and

The post Anthony Albanese is the Manchurian candidate appeared first on MacroBusiness.

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MacroBusiness Thursday, July 29, 2021 - 00:01 Source

Global Macro / Markets / Investing: 41% Of Workers Globally Are Considering Quitting Their Job – WE Forum ‘I quit’: Workers change jobs at a record pace amid burnout, new openings with higher pay – Yahoo Tesla Falls as Chip Crisis, Battery Doubts Loom Over Profit Beat – Yahoo From ports to rail yards, global

The post Links 29 July 2021 appeared first on MacroBusiness.

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Club Troppo Wednesday, July 28, 2021 - 22:56 Source

Let us divide the countries in Europe that have at least 1 million inhabitants into three groups: the ones that had high movement restrictions in 2020, the ones with almost no restrictions, and the ones in between. The graph below gives you the punchline that countries with more restrictions had higher numbers of covid-deaths, but in order to discuss the many other implications, I need to explain how the graph was put together.

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Club Troppo Wednesday, July 28, 2021 - 22:15 Source

I compiled a list of thoughts about our own superannuation system in response to a journalist from elsewhere thinking about pensions in their own country and asking me for a rundown on Australia’s system.

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John Quiggin Wednesday, July 28, 2021 - 19:40 Source

A funny thing happened in the culture wars the other day. After taking steadily more extreme anti-vaccination positions over many months, leading rightwing commentators and Republican politicanss suddenly jumped ship, announcing that everyone should be vaccinated as soon as possible.

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Your Democracy Wednesday, July 28, 2021 - 19:12 Source

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2021 is only halfway done, and there have been no accusations from the United States towards Russia and its purported "meddling" in American elections? Wait no longer, for a new part of "the Russian trace" saga has commenced.

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Renew Economy Wednesday, July 28, 2021 - 18:03 Source

New rules championed by Angus Taylor could benefit coal and stifle the pace of the clean energy transition. "It's terrible," said one insider.

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MacroBusiness Wednesday, July 28, 2021 - 16:32 Source

The bloodbath in Chinese tech stocks has abated slightly although it has spilled over into other Asian stocks with overseas markets last night not helping with the risk taking despite some stellar corporate earnings on Wall Street. The Aussie dollar was relatively stable through the inflation print while gold has found some life by breaking

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Wednesday, July 28, 2021 - 15:47 Source

Australian zinc bromine flow battery maker raises just under $15 million in its latest capital raise, launched to help fund its push into the US market.

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Renew Economy Wednesday, July 28, 2021 - 15:31 Source

The first big battery in Queensland has obtained its registration and will begin delivering services to the grid in next few weeks.

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Renew Economy Wednesday, July 28, 2021 - 15:11 Source

solar farm construction retail electricity prices AEMC - optimisedQueensland government fast tracks new "state of the art" renewable energy facility, complete with onsite wind turbine and solar farm.

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THE BLOT REPORT Wednesday, July 28, 2021 - 15:00 Source
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Renew Economy Wednesday, July 28, 2021 - 14:42 Source

Harley Davidson LiveWireNigel Morris is so enamoured with this new top of the range electric motorbike, he might even buy it.

The post The Driven Podcast: Living with an electric Harley Livewire appeared first on RenewEconomy.

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Renew Economy Wednesday, July 28, 2021 - 14:03 Source

Two big solar and battery storage projects will replace a 522MW coal generator due to retire soon in Nevada.

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MacroBusiness Wednesday, July 28, 2021 - 14:00 Source

Amid frequent lockdowns and the rise of remote work, the number of empty shops across Australia’s CBDs has soared, according to new CBRE figures, published in The Australian: “A range of CBD retailers, mainly those in the clothing and soft goods industries, have closed their bricks and mortar stores and moved to a more online-centred

The post CBDs turn ghost towns as retail vacancies soar appeared first on MacroBusiness.

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Renew Economy Wednesday, July 28, 2021 - 13:58 Source

Vattenfall to trial a solar farm that will be combined with

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Renew Economy Wednesday, July 28, 2021 - 13:54 Source

Head of solar developer sues against the construction of an offshore wind farm, apparently because he is worried about the view.

The post Solar developer sues to stop offshore wind farm to protect his views appeared first on RenewEconomy.

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MacroBusiness Wednesday, July 28, 2021 - 13:40 Source

I have been bullish on Brisbane property for some time. The main reason is that Brisbane dwelling values are exceptional value in a relative sense when compared to its larger East-Coast counterparts, Sydney and Melbourne, as illustrated clearly below: The other reason is that net internal migration into Brisbane has remained robust throughout the pandemic: After

The post Brisbane property the winner from Sydney’s lockdown appeared first on MacroBusiness.

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MacroBusiness Wednesday, July 28, 2021 - 13:20 Source

Via Sinocism: China Is Building A Second Nuclear Missile Silo Field – Federation Of American Scientists Satellite images reveal that China is building a second nuclear missile silo field. The discovery follows the report earlier this month that China appears to be constructing 120 missile silos near Yumen in Gansu province. The second missile silo

The post China readies new nuclear arsenal appeared first on MacroBusiness.

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Renew Economy Wednesday, July 28, 2021 - 13:01 Source

Responsible governments should be demanding an explanation of why supposed customer and welfare advocacy has gone so badly off the rails.

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MacroBusiness Wednesday, July 28, 2021 - 13:00 Source

You know we’ve reached Bizarro World when real estate agents complain because property prices and rents are soaring too quickly. Well that’s exactly what the Real Estate Institute of Tasmania (REIT) has done via the ABC: The Real Estate Institute of Tasmania’s (REIT) latest report shows that in the past year the median cost to

The post Realtors shed crocodile tears at soaring property market appeared first on MacroBusiness.

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MacroBusiness Wednesday, July 28, 2021 - 12:40 Source

As noted earlier, Australia’s Consumer Price Index (CPI) came in at 0.8% in the March quarter – slightly above market expectations of a 0.7% rise: Annual CPI surged 3.8% in Q2. However, this rise was driven by the ‘base effect’, since CPI fell by 3.7% in the corresponding Q2 quarter of 2020 (as shown above).

The post CPI in detail: No smoking gun to lift rates appeared first on MacroBusiness.

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MacroBusiness Wednesday, July 28, 2021 - 12:20 Source

Just over a week ago, as UK COVID cases soared to 50,000 a day, an open letter in The Lancet medical journal from more than 1000 doctors labelled Britain’s ‘Freedom Day’ opening up a “dangerous and unethical experiment”. As residents inundated nightclubs, pubs, bars and music festivals, experts warned that COVID cases could soar to

The post UK COVID cases continue to crash after reopening appeared first on MacroBusiness.

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Renew Economy Wednesday, July 28, 2021 - 12:13 Source

Energy Distribution Network - Electricity Pylons against Orange - optimisedSpark Infrastructure to open its books to suitors after KKR consortium lifted its bid for the network and renewables investor to $5.2 billion.

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The Tally Room Wednesday, July 28, 2021 - 12:06 Source

As the lockdown in Sydney drags on, I’ve decided to release a few more profiles from my guide to the next federal election. This is on top of the other five that I released a few weeks ago.

The three seats I’m releasing today are Hunter, Sturt and Robertson. I picked them to give a diversity of Labor and Coalition seats of varying marginality.

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MacroBusiness Wednesday, July 28, 2021 - 12:00 Source

Westpac with the note: We have revised our outlook for Australian dwelling prices. Back in February we boldly predicted a 20% increase over 2021 and 2022. A stronger than expected surge over the first half of 2021 is now expected to see prices up 18% in the first year alone. Lockdowns will see some loss

The post Westpac: Property boom to bust in 2023 appeared first on MacroBusiness.

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MacroBusiness Wednesday, July 28, 2021 - 11:40 Source

June was another strong month for the stock market. Our tactical portfolios performed well, up between 0.9% and 2.1% over the month. On the one hand, we timed the rotation out of value stocks and into quality stocks well; the inflation fears that were so prevalent a few weeks ago have faded as our inventory supercycle thesis

The post MB Fund June performance appeared first on MacroBusiness.

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MacroBusiness Wednesday, July 28, 2021 - 11:36 Source

The ABS has released Q2 CPI data, which shows that inflation rose by 0.8% over the quarter and by 3.8% over the year – basically in line with analyst’s expectations of a 0.7% quarterly increase and a 3.8% rise year-on-year. The large annual increase in CPI was driven by the ‘base effect’, since CPI fell

The post Aussie CPI surges as expected appeared first on MacroBusiness.

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MacroBusiness Wednesday, July 28, 2021 - 11:20 Source

My sources are telling me Sydney is in lockdown for another two months at least. Hence, the following is completely bonkers from the state and federal Coalition: Premier Gladys Berejiklian is refusing to publicly lobby the federal government for the return of JobKeeper despite Sydney’s lockdown being extended by four weeks and new data revealing

The post Give Sydney JobKeeper or expect violence appeared first on MacroBusiness.

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