Blogotariat

Oz Blog News Commentary

Articles from MacroBusiness

Now Albo lies about inflation

September 26, 2024 - 12:00 -- Admin

We know Albo is an inveterate economic liar. He can barely open his mouth without referring to some fantasy economy in his head. Today he gives inflation the Albo makeover: Prime Minister Anthony Albanese says it’s not correct that headline monthly inflation has temporarily dropped to a three-year low of 2.7 per cent in August from

Dutton’s gas plan is INSANE

September 26, 2024 - 11:30 -- Admin

A history lesson is on order: In October 2000, Daniel Scotto, the most renowned utility analyst on Wall Street, suspended his ratings on all energy companies conducting business in California because of the possibility that the companies would not receive full and adequate compensation for the deferred energy accounts used as the basis for the California

Housing industry attack’s Labor’s negative gearing reforms

September 26, 2024 - 11:00 -- Admin

On Wednesday, The SMH reported that the Albanese government had commissioned modelling of reforms to negative gearing and capital gains tax concessions. The proposed changes are reportedly modest in scope, such as capping the number of properties a taxpayer could negatively gear. Any reform would also be grandfathered so that existing investors were not impacted.

Australia: a nation of housing millionaires and mortgage slaves

September 26, 2024 - 10:30 -- Admin

The UBS Global Wealth Report showed that Australia has 1.9 million US-dollar billionaires worth $US5.4 trillion ($A8 trillion). UBS anticipated that the number of US-dollar millionaires would rise by 21% to more than 2.3 million by 2028, owing to rising home prices and intergenerational wealth transfer. A new report from CoreLogic explains why Australia has so

Chinese shrinkulus is deliberate

September 26, 2024 - 10:00 -- Admin

Goldman with more hosing off of the Chinese shrinkulus. China will likely remain as a “trade” until the housing issues are resolved It is well understood by market participants that the ailing housing market is a “pain point” in the Chinese economy and is at the core of the many structural imbalances that have fueled

Iron ore discounts grow

September 26, 2024 - 09:30 -- Admin

SHFE futures played catch up yesterday, SGX soared but faded overnight: Mad Dalian put in new highs overnight: For all the bullishness, nothing has changed. Mills still can’t make money. Demand is terrible and getting worse. There’s way too much iron ore. $80 ahead.

Macro Morning

September 26, 2024 - 09:00 -- Admin

Stock markets failed to advance further overnight as the USD rebounded in the absence of any great news save for the Israeli invasion of Lebanon and the reaction to the latest PBOC stimulus. Wall Street failed to put in another record high, while European stocks fell back slightly. The USD advanced against all the majors

Politicians and media attack the wrong cartel

September 26, 2024 - 08:00 -- Admin

The Coalition recently proposed legislation to require firms in specific industries to divest assets if they are deemed to have abused their market power. The divestiture powers will especially target supermarket and hardware companies with yearly revenue of more than $5 billion, including Coles, Woolworths, and Bunnings. On Tuesday, Prime Minister Anthony Albanese announced a

Baked RBA will be forced to slash interest rates

September 26, 2024 - 00:10 -- Admin

By now, we all know how the gas cartel has trashed Australian economic management (even though you won’t read about it anywhere else): …Inflation fell to a three-year low last month as millions of households received $75 electricity bill rebates from the federal government, but prices for other goods and services continued to increase quickly,

Pages