Global Macro / Markets / Investing:
- Global Investors Chase Safety, Yield in U.S. Bonds – WSJ
- Number Of Bitcoin Miners In Venezuela Swells To 100,000 – ZeroHedge
- Is Bitcoin A Giffen Good? – Forbes
- The Financial Regulatory Laffer Curve – Macro and Other Musings
- Is the growth in living standards worse now than in the Great Depression? – The Guardian
Americas:
- FBI watched, then acted as Russian spy moved closer to Hillary Clinton – The Hill
- Latest data show entrepreneurship remains subdued in the United States – Medium
- Still Waiting for FEMA in Texas and Florida After Hurricanes – NY Times
- No, the GOP Tax Plan Won’t Give You a $9,000 Raise – WSJ
- Senate’s McConnell says tax bill should be revenue neutral – Reuters
- The GOP tried Trump-style tax cuts in Kansas. What a mess. – NBC
- President Trump: With tax reform we can make it morning in America again – USA Today
Europe:
- Italy regions back ’big bang’ autonomy – France24
- Treasury assembles crack squad to keep watch over RBS’ £775m cash handouts – CityAM
- Turning Tables in Magnitsky Case, Russia Accuses a Nemesis of Murder – NY Times
- Theresa May delays crunch Cabinet debate over Brexit deal until next year – The Sun
- Spain denies ’coup’ against Catalonia – BBC
- EU parliament exposed as ‘hotbed of sex harassment’ – The Times
- Women now occupy the three most senior roles in Norway’s government – The Independent
- Italy’s 2 richest regions seek more autonomy from Rome – AP
- Major business groups warn Davis over ’serious’ Brexit jobs risk – Sky
Asia:
- Yen Hits Three-Month Low as Abe Win Secures BOJ Stimulus – Bloomberg
- What Default? China Growth Keeps Lid on Bond Failure Rate: Chart – Bloomberg
- He’s the anti-graft tsar about to leave China’s top leadership. So what will happen to Wang Qishan? – SCMP
- China’s Government Is Expected To Buy 24% Of All Residential Real Estate For Sale In 2017 – Zero Hedge
- Comment: Modi loses his luster as economy stutters – Nikkei Asian Review
- Japan’s Abe Cements Hold on Power With Election Win – WSJ
- China’s Pursuit of Fugitive Businessman Guo Wengui Kicks Off Manhattan Caper Worthy of Spy Thriller – WSJ
Trans-Tasman:
- NBN rollout: Streets and suburbs suffer digital divide as speed depends on lottery – ABC
- Malcolm Turnbull says the NBN was a mistake and may never make money – The SMH
- NBN needs protection if it is to make a profit: CEO Bill Morrow – The SMH
- NBN a mistake, says Turnbull, blaming Labor for ‘calamitous train wreck’ – The Guardian
- What’s wrong with the NBN? – ABC
- NBN’s List Of Expensive FTTP Installations Is An Obvious Ploy – Gizmodo
- Australia is Clearing Shitloads of Forest and Queensland is Leading the Charge – Vice
- ‘Our greatest threat’: GetUp! readies court battle against claims it is a Labor or Greens ‘front’ – The SMH
- Security Expert Slams PM’s Encryption Stance – Gizmodo
- Taxpayers slugged $200,000 as Jeff Kennett rents office from his wife – The SMH
- Beverages industry praises itself for turning politicians away from sugar tax – The Age
- Financial literacy is a public policy problem – The Conversation
- Big four banks set to rake in $31b in profits, boosted by rate hike ‘tailwind’ – The Age
- Premier announces $50 off electricity bills as election date looms – Brisbane Times
- Queensland energy plan ‘taking money with one hand, giving it back with the other’ – ABC
- Labor’s environmental lobby warns bipartisan energy deal comes with conditions – The Guardian
- Despite Holden, SA’s economy gets its best report card since 2011 – ABC
- “There is no alternative” – really? – Interest.co.nz
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also Chief Economist and co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
Latest posts by Unconventional Economist (see all)
- ANZ warns of deeper New Zealand housing market collapse - June 28, 2022
- Thousands face financial ruin as home builder collapses mount - June 28, 2022
- It’s time to drop the hammer on private job agencies - June 28, 2022
YOU MAY ALSO BE INTERESTED IN
Links 28 June 2022
Global Macro / Markets / Investing: The
Links 27 June 2022
Global Macro / Markets / Investing: PPP
Weekend Reading: 25-26 June 2022
Global Macro / Markets / Investing: Federal
Links 24 June 2022
Global Macro / Markets / Investing:
NEW ZEALAND …
It is a pity the previous New Zealand Government failed with housing … check out http://www.PerformanceUrbanPlanning.org … in particular …
1. VIDEO John Key Housing Reform 2007
2. The 5 Important Graphs
3. The GONE GONE GOING section
Jacinda Ardern has to hit the ground running … Tracy Watkin opinion | Fairfax Stuff.co.nz
https://i.stuff.co.nz/national/politics/opinion/98135104/jacinda-ardern-has-to-hit-the-ground-running
… extract …
… Ardern’s challenges are not just domestic ones.
A trip across the Tasman must be a priority, even before the Apec summit in mid-November. The news of Labour’s win has been cast as largely negative across the Tasman, where John Key and Bill English had an almost cult like following in the Australian business community for their success over the last nine years.
Successive Australian prime ministers’ made no secret either of their admiration for the Key and English government and their desire to emulate their success.
The New Zealand story is repeatedly held up as one of the world’s most dramatic economic success stories, and Australian media have been casting Ardern’s win as a financial shock that could throw out the economic gains.
Given New Zealand’s huge dependence on the Australian economy, Ardern can’t afford to let these perceptions take root and grow. She will need to go on an all out charm offensive with Australian business and political leaders and reassure them that she is a pragmatist. Ardern’s good relationship with New Zealand business shows it can be done. … read more via hyperlink above
Further postings …
https://www.macrobusiness.com.au/2017/10/jacinda-ardern-exposes-australias-pathetic-fake-left/#comment-2984643 … with further posts upthread …
Matthew Hooton (and others) on 9 wasted years … Whaleoil
https://www.whaleoil.co.nz/2017/10/matthew-hooton-nine-wasted-years/
On 18 August, I wrote in the NBR that the outgoing National government “has proven itself over nine years to be lazy, visionless, arrogant, complacent, dishonest and house-trained by the … Wellington bureaucracy.” I stand by that. It has been a wasted nine years with ministers mostly acting as PR spokespeople for their departments rather than leaders. I am surprised by how pleased I am to see the back of them.
… with Cam Slater / Whaleoil adding …
… To add further insult to injury, my understanding is one of Winston’s demands was that Nick Smith get no jobs whatsoever. Bill English refused on that point, in order to protect his mate. He chose to go into opposition in order to save Nick Smith a ministerial job. Just silly, silly stuff. … read more via hyperlink above …
A review of things you need to know before you go home Tuesday; TSB’s hot 3yr rate, compounding underbuilding, AI banking app, cheap covered bond rate, Hugh’s truism relearned, swaps flat, NZD firms … David Chaston … Interest Co NZ
https://www.interest.co.nz/news/90516/review-things-you-need-know-you-go-home-tuesday-tsbs-hot-3yr-rate-compounding
… extract …
RELEARNING LESSONS, FROM SYDNEY
Residential land costs in key markets have soared to a new high with vacant land in Sydney now over AU$1,000 /m2. The results are contained in the latest edition of the HIA-CoreLogic Residential Land Report. Get the land price wrong, said Hugh Pavletich many years ago, and everything else will be wrong for housing affordability.
https://www.kiwiblog.co.nz/2017/10/so_should_jacinda_be_thanking_me.html/comment-page-1#comment-2058423
UpandComer … thank you for your kind comments.
I happen to be a National Party supporter who has at least got through to the Left … and I am as mad as hell John Key let us all down out of the 2008 election.
There are massive consequences medium / long term when a supposedly centre – right government fails with these issues of housing … and by extension … poverty.
It all up there on my archival website … http://www.PerformanceUrbanPlanning.org .
The most important thing is … what are those associated with the National Party going to do about it going forward ?
.
.
… in response to …
UpandComer
Hugh in retrospect I apologise for being so dismissive. But seriously, I hope your housing ideas work. I don’t think they will, but at least you have them.
Premier announces $50 off electricity bills as election date looms
Gosh thanks
That is exactly what Milne should have done. Give every poor voter a $500 annual cheque – funded by the carbon tax that she put in. But the fake left wing is too stupid to do that.
The independent has significant KSA ownership, It joins Twitter in the Saudi stable of mouthpieces.
https://www.theguardian.com/media/2017/jul/29/saudi-investor-buys-up-significant-stake-in-the-independent
Never heard this sort of language before from a UK minister….
http://www.bbc.com/news/uk-politics-41717394
pretty remarkable guy actually – walked across afghanistan in 2002
Certainly not on the BBC!! How they are allowed to just walk around the UK is beyond me.
Love his wiki photo.
looks like a tory bon scott
I know the train services are hardly world-class there, but that’s really going out of his way unnecessarily just to make a point.
good catch, ta
This weeks Bears Lair.
‘Even more than free trade, free immigration, given today’s low travel costs, is a system of “naked, shameless, direct, brutal exploitation.” ‘
https://www.tbwns.com/2017/10/23/bears-lair-trade-immigration-need-garden-fences/
Yesterday’s NBN ‘debate’ was a new low point in Australian politics. Just when you think politics (and politicians) in this country cannot get more stupid… It certainly made me loose whatever little hope for the country I had left.
So, so looking forward to the younger generations taking over.