Home » Posts tagged 'australia' (Page 12)
Tag Archives: australia
Australia’s oil stock coverage on record low
Australia’s oil stock coverage on record low In prime time evening news of the Australian public broadcaster ABC TV, on 21 June 2017, the business presenter Alan Kohler tried to explain a fall in oil prices by “record oil inventories around the world” http://www.abc.net.au/news/business/kohler-report/ Well, let’s go around the world on a map and stay […]
Australia’s oil stock coverage on record low
Australia’s oil stock coverage on record low In prime time evening news of the Australian public broadcaster ABC TV, on 21 June 2017, the business presenter Alan Kohler tried to explain a fall in oil prices by “record oil inventories around the world” http://www.abc.net.au/news/business/kohler-report/ Well, let’s go around the world on a map and stay […]
South Korea’s oil trade under threat
South Korea’s oil trade under threat In 2010 the China Sign Post blog published an article entitled “Playing with fire. Potential impact of a North Korean threat to South Korean oil refineries”, showing following map: Fig 1: Range of North Korea’s missiles in 2010 http://www.chinasignpost.com/wp-content/uploads/2010/11/China_Signpost_8_North-Korea-Refinery-Threat_2010-11-29.pdf The article ranked the vulnerability of South Korean and Japanese […]
Australia more vulnerable than ever to fuel import disruptions
Australia more vulnerable than ever to fuel import disruptions This is because after the closure of 3 oil refineries in Sydney and Brisbane fuel imports have skyrocketed and these additional imports come from and pass through an area where there are high tensions now: the South China Sea and Korea. Fig 1: USS Carl Vinson […]
Australia Beckons a War With China
Australia Beckons a War With China Photo by Marko Mikkonen | CC BY 2.0 Australia is sleep-walking into a confrontation with China. Wars can happen suddenly in an atmosphere of mistrust and provocation, especially if a minor power, like Australia, abandons its independence for an “alliance” with an unstable superpower. The United States is at […]
Housing Bubble in Sydney Soars to New High, Politicians Promote Scheme to Bitter End
Housing Bubble in Sydney Soars to New High, Politicians Promote Scheme to Bitter End “Buy property in Sydney and you’re ‘pretty well set for life’”: Government to first-time buyers. How far can a desperate government go to keep the whole overleveraged edifice of a housing bubble from tumbling down and doing God-knows-what to the economy […]
Howard’s energy superpower stuck in domestic gas shortages
Howard’s energy superpower stuck in domestic gas shortages On hot days the truth comes out. Critical power plants for peak demand run on gas and that was short in supply, not only in South Australia, but also in NSW, as was shown in this previous post. Fig 1: Gas shortage contributed to multiple systems failure […]
Australia Central Bank Warns “High Debt Levels Are Affecting Household Spending”
Australia Central Bank Warns “High Debt Levels Are Affecting Household Spending” For those wondering why despite global markets trading at all time highs, consumer spending has yet to show a substantial pick up, Reserve Bank of Australia governor Philip Lowe has some ideas. Speaking at the Asutralia-Canada Economic Leadership Forum, in which he provided various comaprisons […]
Time to Panic in Australia
Time to Panic in Australia Australians’ private debt has soared to 187 per cent of their income. Debt is up from about 70 per cent in the early 1990s. The jobless rate rose for the second straight month in December to 5.8 per cent, and underemployment, the number of workers wanting more hours, is near an […]
Australian Public Broadcaster ABC unable to look at oil statistics
Australian Public Broadcaster ABC unable to look at oil statistics Four times in as many months did ABC publish inaccurate statements about US shale oil. A glut of mis-information. This is unacceptable because it leads to wrong policy decisions and has ultimately damaging economic and financial consequences. (1) “US shale producers pump like never before” Just in […]
‘People should be terrified fracking is spreading’ – Australian MP who set river on fire to RT
‘People should be terrified fracking is spreading’ – Australian MP who set river on fire to RT Greens MP Jeremy Buckingham © RT Fracking should be banned as a “global threat” as it causes methane leaks contaminating water in the communities near gas wells, says an Australian MP who literally set a river ablaze to […]
Why Helicopter Money Can’t Save Us: We’ve Already Been Doing It For 8 Years
Why Helicopter Money Can’t Save Us: We’ve Already Been Doing It For 8 Years There’s a lot of talk going around these days about “helicopter money.” For those unfamiliar, it’s billed as a kind of last Keynesian resort when ZIRP, NIRP, and QE have all failed to boost aggregate demand and juice inflation. For instance, HSBC […]
Satyajit Das: This Is Why You Can Expect Another Global Stock Market Meltdown
Satyajit Das: This Is Why You Can Expect Another Global Stock Market Meltdown Authored by Satyajit Das’, author of the new book “The Age Of Stagnation” (via MarketWatch), The mispricing of assets across world markets has reached epidemic proportions. Stock prices have made strong advances over the past several years, yet market analysts see further gains, arguing that […]
