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MacroBusiness
Thursday, July 2, 2020 - 17:00
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A more solid session across Asian stocks today, as traders await for tonight’s early NFP print due to the long weekend on US markets. The USD was relatively weak with Aussie and Kiwi lifting, and Euro also ready to get out of its funk as the usual undollar volatility awaits. In mainland China, the Shanghai The post Macro Afternoon appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Your Democracy
Thursday, July 2, 2020 - 16:22
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Renew Economy
Thursday, July 2, 2020 - 15:30
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Renew Economy
Thursday, July 2, 2020 - 14:58
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MacroBusiness
Thursday, July 2, 2020 - 14:56
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CoreLogic has released the final auction clearance rate for last weekend, which rebounded to 60.6% versus 59.6% last week off solid volumes: According to CoreLogic: There were 1,485 capital city homes scheduled for auction last week, returning a final auction clearance rate of 60.6 per cent, the highest clearance rate seen since 31st May. In The post Auction volumes continue to rebound appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Renew Economy
Thursday, July 2, 2020 - 14:12
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MacroBusiness
Thursday, July 2, 2020 - 14:00
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Via Calculated Risk: On Thursday at 8:30 AM ET, the BLS will release the employment report for June (Friday is a holiday). The consensus is for an increase of 3.1 million non-farm payroll jobs, and for the unemployment rate to decrease to 12.3%. Last month, the BLS reported 2,509,000 jobs added in May and the The post US jobs preview appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Renew Economy
Thursday, July 2, 2020 - 13:49
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MacroBusiness
Thursday, July 2, 2020 - 13:40
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Let’s retire this debate and the endless word-games. A Job Guarantee (JG) is a way to guarantee a certain income level to anyone willing to do tasks that some administrator decides are good. A Universal Basic Income (UBI) is a way to guarantee a certain income level to anyone willing to do any task they decide The post Jobs Guarantee advocates want a UBI, they just won’t say it appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Renew Economy
Thursday, July 2, 2020 - 13:34
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MacroBusiness
Thursday, July 2, 2020 - 13:20
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It’s “toll mania” with Sydney motorists facing more hefty charges from this weekend, with drivers on the new M8 tunnel facing tolls of $6.95 per trip, and the existing M5 East costing $6.95 per trip for the first time. As we know, Sydney’s toll road network is the most expensive and extensive in the world, The post “Toll mania” fleeces NSW motorists appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
The Australian Independent Media Network
Thursday, July 2, 2020 - 13:06
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The British conservationist Gerald Durrell once remarked that the koala was “the most boring of animals.” Its brain size, proportionally the smallest of any mammal, evolved to cope with its slow metabolism. But the spectacle of these singed, toasted animals was a terrifyingly cruel one to behold. As good stretches of Australia burned over the… The post Killing Koalas: The Promise of Extinction Down Under appeared first on The AIM Network. |
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The Tally Room
Thursday, July 2, 2020 - 13:00
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MacroBusiness
Thursday, July 2, 2020 - 13:00
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It is believed that at least 1 in 10 people who work with pigs in China have contracted a newly-identified strain of swine flu. Designated genome 4, the virus is genetically descended from the H1N1 swine flu strain that caused a pandemic in 2009. Chinese scientists say the new virus has the “essential hallmarks” of The post China births another pandemic potential virus appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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Club Troppo
Thursday, July 2, 2020 - 12:56
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Renew Economy
Thursday, July 2, 2020 - 12:47
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MacroBusiness
Thursday, July 2, 2020 - 12:40
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Earlier this week, the conservative media ran reports arguing that Aussies receiving ‘generous’ emergency income support were shunning jobs. It came after prime minister Scott Morrison on Monday referred to “anecdotal feedback” that some businesses were finding it difficult to find staff because of the boosted payments. However, unpublished data from SEEK shows that the The post Employers flooded with job applications appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Renew Economy
Thursday, July 2, 2020 - 12:37
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Renew Economy
Thursday, July 2, 2020 - 12:21
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MacroBusiness
Thursday, July 2, 2020 - 12:20
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[REPORT] Demand for cash soars: The value of banknotes on issue rose by $2 billion (2.3 per cent) in June to $90 billion. Issuance of $50 notes is growing at the fastest pace in 11 years https://t.co/KScFO5vfwY #ausbiz #ausecon pic.twitter.com/yftlO7Hgc4 — CommSec (@CommSec) July 1, 2020 The savings rate is going to climb a lot, The post Aussies dash for cash (under the mattress) appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Thursday, July 2, 2020 - 12:00
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The strong rebound in Australian property values has come to a shuddering halt with the Coronavirus lockdown. Auction clearance rates and buyer sentiment have collapsed, unemployment is surging, and mortgage availability is tightening. All of which points to declines in Australian dwelling values. Yet these headwinds pale next to the looming headwind of heavy falls The post MB Fund Podcast: Coronavirus to kill Australian property LIVE 12:30 AEST appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Thursday, July 2, 2020 - 11:55
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The Australian Bureau of Statistics (ABS) today released trade data for the month of May, which has registered strong falls in both imports and exports: In seasonally adjusted terms, goods and services credits fell $1,604m (4%) to $35,742m. Non-rural goods fell $1,080m (4%), rural goods fell $404m (10%) and non-monetary gold fell $219m (12%). Net The post Australia’s international trade plunged further in May appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Thursday, July 2, 2020 - 11:40
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Via Bloomie: For an idea of how disparate predictions are for the world’s post-coronavirus rebound, look no further than forecasts for Australia’s dollar. Bulls such as Morgan Stanley see the currency rising to 73 U.S. cents by year-end as the worst of the pandemic eases. At the other end of the spectrum, JPMorgan Chase & The post Markets are mistaken that Australia is the great post-virus rebounder appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Renew Economy
Thursday, July 2, 2020 - 11:32
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MacroBusiness
Thursday, July 2, 2020 - 11:20
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Charities have warned that millions of people across Australia are expected to become reliant on food charities if JobKeeper and JobSeeker are unwound abruptly: While more than 1.7 million people are on JobSeeker and another 3.3 million on the $1500-a-fortnight JobKeeper wage subsidy, charities have noted a surge in the number of people who have The post Australia’s next boom: food charities appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Thursday, July 2, 2020 - 11:00
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Nasty, via the AFR: One in 10 off-the-plan apartment sales have fallen over during the past three months as lower valuations due to weaker demand and oversupply prompted banks to reject final loan approvals, forcing buyers to give up millions of dollars in deposits. Out of around 35,000 off-the-plan settlements between March and June, 3041 The post 10% of apartment buyers walk away appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Thursday, July 2, 2020 - 11:00
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Via Shane Oliver: Introduction Investor focus on the US election waned earlier this year after socialist Bernie Sanders dropped out of the Democratic primary race in favour of moderate Joe Biden. At the same time coronavirus became the main focus for markets. However, markets may soon start to pay more attention as the election is The post Shane Oliver: Beware Biden bust appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Your Democracy
Thursday, July 2, 2020 - 10:59
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MacroBusiness
Thursday, July 2, 2020 - 10:40
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There are four major components to the construction boom that has kept Australia moving for the past eight years. The first is public infrastrcuture. It’s ramp up has topped out and it is at slowing declining high plateau as huge projects like the NBN roll off: The second is private infrastructure which is falling precipitously The post Depressionberg’s construction disaster arrives appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Thursday, July 2, 2020 - 10:20
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Via FTAlphaville: It’s confession time for IHS Markit, the firm behind the purchasing managers’ indices. The firm asks thousands of purchasing managers whether activity over the current month has declined, improved, or stayed about the same compared with the previous month. IHS Markit then tallies responses up to produce a net figure where 50 signals no The post PMI producer admits PMIs are useless appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Renewables in Germany surge past 55 per cent market share for first half of 2020, including a new monthly record set in February of 61.8 per cent.
Australian Energy Regulator revives talk of plans to charge households a network fee for exporting excess rooftop solar back into the grid.
Reaction to zero emissions target and 5-minute settlements indicates a growing split among big energy companies over the pace of the renewables transition in Australia.
Dispatch problems identified by regulator are really short term issues, or ones that can be better managed via market arrangements rather than regulation.
Covid-19 should teach us the value of being fully prepared for catastrophic risks. But on climate, the Australian Government is walking blindfolded off a cliff.
Cross-posted from 
Rooftop solar installs rebound with the second strongest month on record, and with NSW posting the highest number for any state in a single month.
From July 2020, One Stop Warehouse in Australia will become the first partner to join FIMER’s channel partner program.
Former Powerlink CEO Merryn York named as acting chair of Australian Energy Market Commission, meaning all four of country's main regulatory bodies now led by women.
Victorian Greens call for upgrades to Portland smelter to run as a "reverse battery" as part of a 'green new deal' for the Covid-19 hit state.
My name is Jules Letambour posting on Gus Leonisky’s blog — and eyebrows have been raised.