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Renew Economy Tuesday, October 16, 2018 - 15:26 Source

Battery storage has stolen the limelight as Australia focuses on its storage needs for a renewables-dominated grid. But pumped hydro is about to make an even bigger splash.

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Renew Economy Tuesday, October 16, 2018 - 15:16 Source

A snapshot of the renewables action happening across Australia shows states and territories blitzing the field, in spite of current federal inaction.

The post States and territories lead way on renewables, climate appeared first on RenewEconomy.

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Renew Economy Tuesday, October 16, 2018 - 14:53 Source

ARENA back establishment of centre for information, training and advice on procuring clean energy off-take deals, as Australia's corporate PPA market starts to take off.

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MacroBusiness Tuesday, October 16, 2018 - 14:23 Source

From Capital Economics: • Policymakers are likely to look through the latest pick-up in consumer price inflation and focus instead on evidence of cooling economic momentum, including slower core inflation and weaker factory gate price pressures. • Consumer price inflation rose in September, from 2.3% y/y to 2.5% (both the Bloomberg median and our forecast

The post Chinese inflation eases appeared first on MacroBusiness.

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Renew Economy Tuesday, October 16, 2018 - 13:53 Source

US economist argues Australia should be exporting solar, not coal, and says Coalition government is backing fossil fuel interests. "What is the matter with these people?"

The post Coalition backing “big coal” over climate, says Sachs: “Unbelievably irresponsible” appeared first on RenewEconomy.

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Renew Economy Tuesday, October 16, 2018 - 13:51 Source

Proposed bill would require Washington D.C. utilities to source 100? of their electricity from renewable energy sources by 2032.

The post Washington DC pushes 100% renewable energy bill appeared first on RenewEconomy.

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MacroBusiness Tuesday, October 16, 2018 - 13:45 Source

By Leith van Onselen The Morrison Government’s proposed changes to the formula for distributing GST revenue was rejected earlier this month by the majority of state treasurers. While the reforms received support from Western Australia’s Treasurer Ben Wyatt, the other state treasurers warned that the federal government must guarantee that no state or territory will

The post Coalition capitulates on GST appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, October 16, 2018 - 13:17 Source

Scrolling through Scott Morrison’s twitter feed shows just how ridiculous politics in Australia has become. Do we really need Promo to tweet about, and attend, every single sporting event going on in the country?  Do we need to see photos of him having a meal with his family?  Or perched in a truck going broom…

The post The ridiculous state of politics in Australia appeared first on The AIM Network.

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MacroBusiness Tuesday, October 16, 2018 - 13:15 Source

From Peter Hartcher today on ScoMo’s sudden swing behind an ever more radial Israel: Has Morrison floated these changes to Australian policy because they were recommended to the government through its policy-making channels? No. They were not proposed or recommended by any part of the Australian policy-making system. Nor would they be. Why not?…they are

The post Hartcher: ScoMo’s Israeli dalliance threatens Australia appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 16, 2018 - 13:00 Source

By Leith van Onselen Today’s Lending Finance data for August, released by the ABS, revealed that personal and renovation finance continue to collapse. Personal finance commitments were down 5.8% over the year, are down 24% since the March 2013 peak, and are tracking at the lowest level since December 2002: In a similar vein, renovation

The post Personal and renovation finance collapses appeared first on MacroBusiness.

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Renew Economy Tuesday, October 16, 2018 - 12:51 Source

The 200MW Kiamal solar farm near Ouyen will be the biggest in Victoria, and the first in Australia to be built with synchronous condensers.

The post Victoria’s largest solar farm goes ahead after “solving” connection dilemma appeared first on RenewEconomy.

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MacroBusiness Tuesday, October 16, 2018 - 12:43 Source

AUD is firm through the morning: Bonds are soft: XJO gapped higher at the open but has faded ever since: Big Iron is mixed: Dalian soft: Big Gas too: There are signs of life in Big Gold. I am still unconvinced beyond a small counter-trend rally: Big Mortgage is still under selling pressure. It gapped

The post Banks, realty still under heavy selling pressure appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 16, 2018 - 12:30 Source

The AFR continues its energy jihad against all Australians today: East coast gas buyers have resigned themselves to the prospect of paying around $10 a gigajoule for gas, even with Labor’s gas plan signalling lower prices, said Cooper Energy chief executive David Maxwell. “There no doubt that the mood has changed a lot in the last six

The post Either Labor kills the gas cartel or vice versa appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 16, 2018 - 12:09 Source

By Leith van Onselen Australia’s speculator frenzy continues to retreat, according to today’s Lending Finance data for August, released by the ABS. As shown below, the annual value of investor loans in New South Wales (read Sydney) is falling fast, whereas Victoria (read Melbourne) is also falling. Investor loans in the other major jurisdictions are also

The post Investor mortgage growth is crashing everywhere appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 16, 2018 - 12:00 Source

By Leith van Onselen The Government-run Financial Helpline on track to receive record number of cases this year, with older Australians who can’t meet mortgage or rent payments over-represented, and counsellors starting to field calls from people struggling to switch to principal and interest mortgage payments. From The ABC: “The phones just never stop now,”

The post National Debt Helpline buckles under record call load appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 16, 2018 - 11:57 Source

Via Australian Parasite: Research from Roy Morgan says the current figure of 8.9% has risen from 8% twelve months ago and could continue to rise if house prices keep falling. The figures are based on the fact that the value of their home is only equal to or less than the amount they still owe.

The post Negative mortgage equity spreads appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 16, 2018 - 11:45 Source

Karen Moley puts lippy on the banking pig today: …there’s no doubt that the Hayne royal commission – which has forced the banks to crack down on some of their lax lending standards and to forsake some of the suspect fees they’ve been happily pocketing for years – has played some role in this sell-off

The post Why are Aussie banks getting smashed? appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 16, 2018 - 11:40 Source

Yawn: International Economic Conditions Members commenced their discussion of the global economy by noting that GDP growth in many of Australia’s trading partners had continued at an above-trend pace in the first half of 2018. Although timely measures of global activity had recently eased somewhat, global growth was expected to remain solid over the following

The post RBA minutes yawn appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 16, 2018 - 11:30 Source

By Leith van Onselen The AFR View has launched a shameless, evidence-free, attack on Labor’s reluctance towards so-called ‘Free Trade Agreements’ (FTAs): Labor has caved in to the worst anti-trade instincts of the trade union movement and the party’s left… a raft of promises unveiled by shadow trade minister Jason Clare that would make future

The post AFR editorial launches shocking FTA spruik appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 16, 2018 - 11:15 Source

By Leith van Onselen NBN Co CEO, Bill Morrow, last year warned that Australia’s National Broadband Network (NBN) faces damaging competition from the upcoming 5G network, and called for a levy on mobile broadband services, which was thankfully rejected. Today, The AFR reports that one-in-three households are looking at 5G wireless services for their home internet connection, thus

The post Will 5g roll-out cut NBN’s lunch? appeared first on MacroBusiness.

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Renew Economy Tuesday, October 16, 2018 - 11:07 Source

Australia’s leading sustainability organisation, the Alternative Technology Association, has changed its name to Renew.

The post Leading sustainability organisation undergoes renewal appeared first on RenewEconomy.

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MacroBusiness Tuesday, October 16, 2018 - 11:00 Source

By Leith van Onselen Desperate to keep the East Coast property bubble going, the Turnbull Government last year passed legislation to allow first-home buyers (FHBs) to use up to $30,000 of voluntary super contributions for a housing deposit. The scheme was announced as part of a ‘housing affordability’ package announced in the 2017 Federal Budget.

The post FHB patsies raid $5m in super ahead of property bust appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 16, 2018 - 10:45 Source

FTAlphaville says it is: The whole point of Tether, the “stablecoin” suspected of having been used to manipulate the prices of bitcoin and other cryptocurrencies, is that it is a digital version of the dollar. The idea is that Tether is easier to move around than real dollars, and it can be used instead of the greenback on

The post Is a bitcoin bank run underway? appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 16, 2018 - 10:45 Source

By Leith van Onselen In the wake of the union movement threatening to pull support from Labor at the next election after it agreed to support legislation to ratify the Trans-Pacific Partnership (TPP), as well as growing opposition within its own ranks, Labor’s Jason Clare introduced a private member’s bill aimed at placating their concerns. From

The post Labor launches TPP smokescreen appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 16, 2018 - 10:30 Source

Via Bloomie: President Donald Trump said he’s immediately sending Secretary of State Michael Pompeo to Saudi Arabia to meet with King Salman bin Abdulaziz and suggested that “rogue killers” might be behind the disappearance of journalist Jamal Khashoggi in Turkey. Trump commented on Monday after he said the king, in a 20-minute phone call, offered

The post Jacksonian Trump whacks Saudi with lettuce leaf appeared first on MacroBusiness.

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Cheeseburger Gothic Tuesday, October 16, 2018 - 10:27 Source

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MacroBusiness Tuesday, October 16, 2018 - 10:15 Source

By Leith van Onselen After the Grattan Institute recently rubbished the Victorian Government’s announced plans for a $50 billion gigantic rail tunnel loop, claiming the project has been announced without Infrastructure Victoria’s expert advice and without conducting a business case, more transport ‘experts’ have cast doubt on the plan: Transport experts have questioned why it

The post Experts rubbish Vic Labor’s $50b rail megaponzi appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 16, 2018 - 10:08 Source

Via RIO: Not rally market moving. Still on track for guidance.

The post RIO slows on fatality appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 16, 2018 - 10:00 Source

Via Bloomie: Ulf Lindahl, chief executive officer of AG Bisset Associates, predicts the dollar will plunge about 40 per cent against the euro by 2024. The currency manager’s reasoning is straightforward-since the 1970s, the dollar has been repeating a 15-year cycle of losses and gains, and the pattern is replaying now. To some, Lindahl’s call

The post Of course the US dollar is going to tumble appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 16, 2018 - 09:51 Source

Via NAB comes more news to upset the banks:    

The post NAB joins bank’s profit warning cavalcade appeared first on MacroBusiness.

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