Blogotariat

Oz Blog News Commentary
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: 96
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: 27
MacroBusiness Wednesday, May 12, 2021 - 09:00 Source

Via the excellent George Tharenou: Budget: only $8bn budget improvement over 5 years; given $96bn stimulus The Australian Government Budget, relative to the MYEFO released in Dec-20, forecasts a far smaller than expected cumulative improvement over the 5 years to 24/25 of only $8bn. Positively, 20/21 is a material $37bn better at $161bn (UBSe: $148bn,

The post UBS: Budget to bring rate hikes 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 - 07:29 Source

DXY was stable last night: The Australian dollar was also stable: Gold firmed, oil fell: Base metals lifted again: But miners mostly fell: EM stocks were whacked: Junk eased: US yields are rebounding: Which didn’t help stocks: Westpac has the wrap: Event Wrap The Australian Federal Budget surprised with a spending package which is larger than was

The post Australian dollar strong as stocks dump appeared first on MacroBusiness.

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

Read more Views: 39
Renew Economy Wednesday, May 12, 2021 - 06:52 Source

wind turbines sunset australia farm renewables - optimised

Read more Views: 33
Renew Economy Wednesday, May 12, 2021 - 06:44 Source

The single most common defining driving force behind Scott Morrison's climate policy has been avoiding talking about climate policy.

Read more Views: 36
Your Democracy Wednesday, May 12, 2021 - 06:18 Source

mickey wokemickey woke

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Disney’s walk to wokeness looks like a death march for artistry and entertainment when you see the radical transformation of the Marvel properties.

 

read more

Read more Views: 31
The Australian Independent Media Network Wednesday, May 12, 2021 - 06:00 Source

How much more proof does one need to advance the proposition that we have a racist government? Moreover, its leader carries the tag of Christian more as a convenience than a truth. The problem with that premise is that despite all the criticism of Morrison wearing his faith on his sleeve, he shows no inclination…

The post Is it fair to call Scott Morrison a racist? Where’s the evidence? appeared first on The AIM Network.

Read more Views: 35
MacroBusiness Wednesday, May 12, 2021 - 00:12 Source

Former Queensland ALP senator, John Black, gave an insightful interview on ABC Drive, where he explained why the collapse in immigration will lead to higher wage growth for Australian workers – something the Reserve Bank claims is vital to fueling the economic recovery: Interviewer: “Is it correct that Australia’s economic growth has majorly come from

The post ABC: Low immigration will drive up wages appeared first on MacroBusiness.

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

Read more Views: 45
MacroBusiness Wednesday, May 12, 2021 - 00:10 Source

As we know, iron ore is off the wall for the time being. I am expecting a big surge in supply in coming months. Here are some UBS charts illustrating the point. Recent weeks have been soft: Driven by Australia, mostly RIO: For a net result of OK at best: As you can see, the

The post How is iron ore supply coming along? appeared first on MacroBusiness.

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

Read more Views: 42
MacroBusiness Wednesday, May 12, 2021 - 00:01 Source

Global Macro / Markets / Investing: Rich countries drained $152tn from the global South since 1960 – Aljazeera Impacted Supply Chains Causing Shortages Across Multiple Sectors – CNN Prices are rising everywhere you look – CNN Why Stocks Soared While America Struggled – VOX Research and innovation policies and productivity growth – Bruegel Iron Ore

The post Links 12 May 2021 appeared first on MacroBusiness.

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

Read more Views: 60
George Monbiot Tuesday, May 11, 2021 - 22:50 Source

The end of the United Kingdom is a prospect we should welcome.

By George Monbiot, published in the Guardian 5th May 2021

Read more Views: 61
Renew Economy Tuesday, May 11, 2021 - 22:17 Source

From the world's smallest flow battery to the megawatt-hour scale, Redflow unveils steps to a larger-scale m

Read more Views: 38
MacroBusiness Tuesday, May 11, 2021 - 21:30 Source

Tonight’s Federal Budget delivered by Treasurer Josh Frydenberg contained few surprises. As expected, there are forecast Budget deficits as far as they eye can see; albeit not as high as the October Budget predicted owing to the stronger than expected economic recovery and the iron ore mega-boom: The budget projects that the nation’s unemployment rate

The post Federal Budget 2021: Spending in most of the right areas appeared first on MacroBusiness.

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

Read more Views: 39
Renew Economy Tuesday, May 11, 2021 - 20:43 Source

Treasurer Josh Frydenberg and Minister for Finance Simon Birmingham - aap - optimised

Read more Views: 38
Your Democracy Tuesday, May 11, 2021 - 17:04 Source

fodderfodder

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In this special episode of “Working People,” we talk with three veterans about how the military and the class system (in the U.S. and around the world) go hand in hand.

 

Read more Views: 45
MacroBusiness Tuesday, May 11, 2021 - 17:00 Source

Not a pretty sight across stock markets here in Asia in response to the tech wreck on Wall Street overnight, the exception being mainland Chinese bourses and relatively speaking, the local ASX200.  The USD is also losing ground across the major currencies after last night’s reversal with gold still holding on well above the $1830USD

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: 59
The Australian Independent Media Network Tuesday, May 11, 2021 - 15:25 Source

It should be making officials in the White House tremble. Critical infrastructure supplying 45% of the East Coast’s diesel, gasoline and jet fuel, left at the mercy of a ransomware operation executed on May 6. In the process, 100 GB of data of Colonial Pipeline was seized and encrypted on computers and servers. The next…

The post Held to Ransom: Colonial Pipeline and the Vulnerabilities of Critical Infrastructure appeared first on The AIM Network.

Read more Views: 41
Renew Economy Tuesday, May 11, 2021 - 15:05 Source

State government extends support to plans to double the storage capacity of the big battery component of 1414 Degrees' Aurora Energy Project.

Read more Views: 39
Renew Economy Tuesday, May 11, 2021 - 14:57 Source

Victoria big battery Neoen TeslaIt was bad enough when Tony Abbott and Joe Hockey were railing against wind farms, but it's now getting beyond a joke.

Read more Views: 45
Renew Economy Tuesday, May 11, 2021 - 14:29 Source

In th

Read more Views: 38
Renew Economy Tuesday, May 11, 2021 - 14:23 Source

Australian researchers show that next-generation solar cells run cooler, last longer, while delivering more useful electricity.

Read more Views: 40
Renew Economy Tuesday, May 11, 2021 - 14:21 Source

A 70MW solar and battery project proposed for Morwell in Victoria’s Latrobe Valley has won the unanimous – but conditional – supp

Read more Views: 44

Pages