Blogotariat

Oz Blog News Commentary

Articles from MacroBusiness

Links 5 February 2019

February 5, 2019 - 00:01 -- Admin

Global Macro / Markets / Investing: Bitcoin dealer seeks credit protection – Times Colonist How to tax the rich – The Economist Measuring functional specialisation in trade – VOX Taxing the Wealthy Sounds Easy. It’s Not. – NY Times Why ETFs Will Shine This Tax Season – Barron’s A Bitcoin-Backed Stablecoin Has Launched on the

The post Links 5 February 2019 appeared first on MacroBusiness.

Macro Afternoon

February 4, 2019 - 16:00 -- Admin

The Asian session starts the week in a strong position, stocks bouncing after the coming and going of Friday nights US unemployment print, which saw a general advance in the USD. Australian macro news was not good today, sending the Aussie lower before tomorrow’s RBA meeting while offshore trading in Yuan was quite volatile due

The post Macro Afternoon appeared first on MacroBusiness.

Labor to back wage crushing Indonesian FTA

February 4, 2019 - 15:00 -- Admin

By Leith van Onselen It is considered unlikely that any free trade deal between Australia and Indonesia will be signed before the federal election. Elections in Indonesia are due in April, while there is still unhappiness in Indonesia over Prime Minister Scott Morrison’s 2018 suggestion that Australia might re-locate its embassy in Israel to Jerusalem.

The post Labor to back wage crushing Indonesian FTA appeared first on MacroBusiness.

Labor mulls huge NBN writedown

February 4, 2019 - 14:45 -- Admin

By Leith van Onselen The federal Opposition’s communications spokeswoman, Michelle Rowland, says Labor is considering a writedown of the National Broadband Network (NBN) if it wins the next election. Doing so would make it easier for NBNCo to reduce the cost at which it sells broadband capacity to telcos, but it would also cause a

The post Labor mulls huge NBN writedown appeared first on MacroBusiness.

Another political donations scandal engulfs NSW ALP

February 4, 2019 - 14:30 -- Admin

By Leith van Onselen Surely it’s time for a permanent ICAC and a permanent look at foreign political donations. From The ABC: A corruption watchdog is asking questions about a Chinese billionaire property developer, a state Labor politician, a former head of the NSW arm of the party and $100,000 in mainly cash donations made

The post Another political donations scandal engulfs NSW ALP appeared first on MacroBusiness.

JLL: Apartment completions to drop 31%

February 4, 2019 - 14:00 -- Admin

By Leith van Onselen JLL has forecast that new apartment completions across Australia will fall from 23,200 in 2018 to 16,000 in 2019. From The AFR: New apartment completions nationally will drop by almost one-third this year to 16,000 from 23,200 last calendar year, as a consequence of the regulator-driven curbs on mortgage lending and

The post JLL: Apartment completions to drop 31% appeared first on MacroBusiness.

Shorten/Bowen stare down tax and banking doomsayers

February 4, 2019 - 12:15 -- Admin

By Leith van Onselen The Property Council has vowed to make stopping Labor’s negative gearing and capital gains tax (CGT) reforms its top priority for 2019: Property Council group executive for policy Mike Zorbas said… “More than two million Australians own an investment property… Through this they play a vital role in supporting the private

The post Shorten/Bowen stare down tax and banking doomsayers appeared first on MacroBusiness.

Australian dollar sinks as recession risks mushroom

February 4, 2019 - 12:07 -- Admin

It’s fast slipping away from the lunatic RBA with every data point in Australia now swan diving. Today swooning job ads and crashing building approvals sank the Australian dollar: Bonds loved it: XJO too: Big Iron is non-stop: And Big Gas: Big Gold is firm: And Big Banks are sharply higher on Hayne hopes: Big

The post Australian dollar sinks as recession risks mushroom appeared first on MacroBusiness.

Australian dwelling approvals are crashing

February 4, 2019 - 12:04 -- Admin

By Leith van Onselen The Australian Bureau of Statistics (ABS) has released dwelling approvals data for the month of December. At the national level, the number of dwelling approvals fell by a seasonally adjusted 8.4% to 13,995. The overall fall in approvals was driven by the volatile unit & apartment segment (-18.8%), whereas the detached

The post Australian dwelling approvals are crashing appeared first on MacroBusiness.

Pages