Global Macro / Markets / Investing:
- Mark Zuckerberg: The Internet needs new rules. Let’s start in these four areas. – Washington Post
- The Incredible Shrinking Trump Boom – NY Times
- Modern Monetary Theory Makes Sense, Up to a Point – NY Times
- The Revolution Need Not Be Automated – Project Syndicate
- Largest Cuts to S&P 500 EPS Estimates Since First Quarter of 2016 – Fact Set
- Crypto Exchange Bithumb Hacked for $13 Million in Suspected Insider Job – Coin Desk
- The Costs of Inflation – Supply-Side Liberal
- Disruption and credit markets – VOX
- Capitalism Needs Reform, Not Revolution – Bloomberg
- R&D investment, export market exposure, and trade policy – VOX
- Capitalism Needs Reform, Not Revolution – Bloomberg
- The World’s 7.5 Billion People, in One Chart – Visual Capitalist
- Global Bond-Market Investors Are Getting Really Nervous – Bloomberg
Americas:
- Trump Fed pick was held in contempt for failing to pay ex-wife over $300,000 – The Guardian
- White House Economic Adviser Says Fed Should Cut Rates – WSJ
- Trump is the world’s worst cheat at golf, players and celebs say – NY Post
- US halting aid to El Salvador, Guatemala and Honduras – The Hill
- The share of Americans not having sex has reached a record high – Washington Post
- Trump Threatens to Close Mexican Border Next Week Over Immigration – NY Times
Europe:
- Furious Tory MPs tell May: we’ll block snap Brexit election – The Guardian
- The cost of Brexit to December 2018: Towards relative decline? – CER
- Brexit: Home truths – no deal and the Irish border – RTE
- Waiting for Brexit – New Yorker
- Ghost Villages Are for Sale in Spain – Bloomberg
- Russia Is Dumping U.S. Dollars to Hoard Gold – Bloomberg
- MPs debate way forward for Brexit – BBC
- WeWork’s Extreme Growth Model Is Worrying European Bankers – Bloomberg
Asia:
- China’s media companies are failing at home, failing abroad and failing Xi Jinping – SCMP
- Goldman’s China-backed fund bucks trade tensions to buy… – Reuters
- China, U.S. Pore Over Details of Agreement Text to End Trade War – Bloomberg
- China Floats Cloud Concession to Foreign Tech Firms in U.S. Trade Talks – WSJ
- A Chinese Law Professor Criticized Xi. Now He’s Been Suspended. – NY Times
- China makes unprecedented proposals on tech, trade talks… – Reuters
Trans-Tasman:
- Single-use plastic bags and microbeads will be banned across Australia from 2021 under a Labor plan to cut waste – SBS
- Infrastructure department has $250,000 a day for ads before election – The Guardian
- Chinese authorities accused of intimidating Uyghurs in Australia – ABC
- Bill Shorten promises to appoint a woman as Australia’s next governor-general – The SMH
- Buried Down Under? Australia faces trash crisis as India bans plastic waste imports – RT
- Sixty-nine millionaires paid zero tax in 2016-17 – ABC
- ‘I’m hungry to start the work’: Bill Shorten’s five-year journey has just weeks left to run – The SMH
- Climate change and when human nature can lead to rejection of science – ABC
- Snow is falling as communities confront the aftermath of tropical cyclones – New Daily
- Australia’s first manufactured electric car ‘nothing like Tesla’ – ABC
- ‘We’re going to see young people die’: Ecstasy use by school students doubles in three years – The SMH
- Renewables produced more energy than brown coal and gas over summer – The Guardian
- ‘The best political statement on urban development I ever heard’ – Interest.co.nz
- New dwelling consents hit record high nationwide for February – Interest.co.nz
Leith van Onselen is Chief Economist at the MB Fund and MB Super. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
Latest posts by Leith van Onselen (see all)
- Weekend Reading: 4-5 July 2020 - July 4, 2020
- Foxtel snatches victory from jaws of defeat - July 3, 2020
- Small Business Council: Start applying for jobs that don’t exist - July 3, 2020
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New Zealaned Housing Minister Phil Twyfords speech to the New Zealand Initiative Members Retreat … New Zealand Government / Beehive
https://www.beehive.govt.nz/speech/speech-nz-initiative-members%E2%80%99-retreat
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Oliver Hartwich says the rest of Phil Twyford’s housing policy is sufficiently ambitious and radical to solve NZ’s housing problems without recourse to KiwiBuild | interest.co.nz
https://www.interest.co.nz/opinion/98884/oliver-hartwich-says-rest-phil-twyfords-housing-policy-sufficiently-ambitious-and
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… Opposition National Party Leader and Tauranga MP Simon Bridges soon after the release of the Demographia International Housing Survey Monday 21 January … (video) …
Tauranga world’s eighth most unaffordable housing market | Newshub
https://www.newshub.co.nz/home/new-zealand/2019/01/tauranga-world-s-eighth-most-unaffordable-housing-market.html
… New Zealand The Listener February Editorial …
The KiwiBuild failure should galvanise urgent action on NZ’s housing disaster … Editorial … The Listener
https://www.noted.co.nz/currently/politics/kiwibuild-failure-galvanise-action-nz-housing-disaster/
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Updated February – Performance Urban Planning
http://www.performanceurbanplanning.org/
It would be good if Twyford actually introduced the legislation to achieve what he articulates. But after 18 months in government it seems precious little (zero) has been achieved so far. But I guess as long as he keeps talking about it might give the appearance that he’s actually doing something about making housing cheaper.
Whilst I don’t think it is as bad here ETF’s are anything but simple and safe investment vehicles
https://www.bloomberg.com/graphics/2019-etf-tax-dodge-lets-investors-save-big/
Hi MB commenters,
Hoping to gather your opinions on this.
Which is best, Made in Australia but the company is majority foreign owned, or majority owned in Australia but foreign made? Specifically I am looking at leather ‘dress’ boots likely the Chelsea style.
Examples: RM Williams: Owned by Louis Vuitton Group (and Hugh Jackman) but made in Australia,
Owned by Australians’: Blundstone (made in Vietnam), Rossi & Wild Rhino (made in Portugal)
I am leaning towards made in Australia as this benefits more people than just the owner of the brand. Especially as none of these other brands are listed entities.
If anyone knows where Baxter boots are made these days please let me know.
I am also aware of Redback boots (Aus made and owned), but they aren’t the style I am looking for.
When did Rossi shift production to Portugal?
Not too sure, Wikipedia says they expanded their premises in SA, yet some of the places that sell the Tennant not say designed and made in Portugal by special arrangement with Rossi boots.
https://www.tradiesworkwearshop.com.au/products/tennant-dress-boot-5021?variant=3665587732520
So I would have to assume some styles are still made here, but not all of their range any more
I would personally go for made in aus but foreign owned if those were the only two choices.
I buy Redback. Check the Everything Australian website (https://everythingaustralian.com.au/), they have a few different redback styles i didn’t even know they made. They’ve got a few other boot brands there as well, doubtful that they are all oz-made though.
Redback also get the best rating in the Shop Ethical guide – https://guide.ethical.org.au/guide/browse/guide/?cat=700&subcat=703&type=738
Great stuff thanks for the links.
The bobcat by redback might be what I’m after. Will try to track them down in a store.
Also look at Mongrel dress / riding boots out of Sydney. One piece upper (a la RMW) and 1/3 price.
Thanks the mongrel riding boot might definitely be an option, will track them down in store.
Add to what can be obtained:
https://www.redwingshoes.com.au/
I did not know there was an Australian distributor for them. The 8111 iron rangers are great, although at $460 they had want to last a very long time, but I guess that is comparable to the RM Williams boots.
Today will be challenging, to discern if the posts describe an April fools joke, or actually reflect the situation. Good luck everyone!
carbon tax = 20 bux/tonne
https://www.greaterfool.ca/
autonomous car issues
https://twitter.com/of_smeg/status/1112437372858310656
https://www.smh.com.au/politics/federal/australian-islamic-state-recruit-s-plea-bring-my-family-home-20190331-p519d0.html
OK, so Australia – with all of its religious freedom, anti discrimination and virtue signalling left wing media was not enough for you? No great loss to us, another migrant will take your place so it is not as though we are going to be experiencing a vibrancy deficit.
But then ISIS collapses and he lands in jail in Syria and is suddenly remorseful and thinks ISIS is no good.
The point smudged over by DomainFax (as usual) is that these 3 children were born in Syria.
There is no f#cking way any of them should ever be let back into this country.
Now that he has lots of free time on his hands, Malcolm Turnbull might benefit from reading this book. His recent assertion that Mao Zedong is perhaps one of the greatest of leaders was an absolute shocker.
https://marginalrevolution.com/marginalrevolution/2019/03/maoism-a-global-history.html
Those simplistic EV manufacturer wannabee’s must be new arrivals, having the hide to p1ss into the wind like that. They clearly don’t know our manufacturing history or they wouldn’t expect any help from the government in this Neoliberal bendover – If they want to succeed they’ll have to move OS like any Aussie with an idea has for decades & have it sold back to us…….. Go see Tones, wise up & cut your losses fella’s & invest in property – plenty of expert help to get you through the complexities of that!