Blogotariat

DXY lifted last night and is nicely placed for an inverse head and shoulders bottom (which is meaningless unless it happens): AUD was thumped against DMs: And mixed against EMs: Gold was hit: Brent jumped on Kurdish and Iran tensions: Base metals were mixed but copper went stupid: Big miners were strong: EM stocks stalled:

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This week’s reading of the Essential Research fortnight rolling average records an unusually solid two-point move in favour of the Coalition on two-party preferred, reducing Labor’s lead to 52-48. Nothing in The Guardian’s report on primary votes, so those will have to wait until later in the day. What we do have in the report is that 65% support a clean energy target, 74% back support for renewable energy and “a majority” support Labor’s goal of 50% renewable energy by 2030.

And how the world turns. Do-nothing Malcolm has pulled a rabbit out of his hat or, rather, a lump of coal, with an ingenious new policy, via The Australian: Energy retailers will be forced to buy a minimum amount of baseload power from coal, gas or hydro for every megawatt of renewable energy under a

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With an election looming ever nearer, Newspoll records Labor with a 52-48 lead on state voting intention in Queensland, from primary votes of Labor 37%, LNP 34%, One Nation 16% and Greens 8%. This is an all new result, conducted from a sample of 917 respondents from Tuesday to Thursday last week, and not an accumulation of polling conducted over a longer period, as is often the case with state Newspoll results. Compared with the previous poll, conducted from July through September, it has Labor, the LNP and the Greens steady, One Nation up a point, and Labor down a point on two-party preferred.

From Shame Oliver at The Australian Property Journal: Introduction A common narrative on the Australian housing market is that it’s in a giant speculative bubble propelled by tax breaks, low interest rates and “liar loans” that have led to massive mortgage stress and that it’s all about to go bust, bringing down the banks and

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Almost every person is Australia pays some form of taxation, even if payment is confined to the Goods & Services Tax (GST).These taxes can result in a little or a lot of dollars ending up in government coffers rather than finding a home in the household kitty .So I’m sure readers in the Northern Rivers region where household incomes are on the lower end of the national scale will be really impressed with the fact that yet another Turnbull Government MP is spending taxpayer dollars on public

By Leith van Onselen With the ABS yesterday releasing its total housing finance statistics for August at the jurisdictional level, it’s an opportune time to once again see how these are tracking against dwelling values, as measured by the CoreLogic index (current to end-September 2017). First, below is the national picture, which shows finance approvals

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By Leith van Onselen The Australian Bureau of Statistics yesterday released its overseas short-term arrivals and departures figures for August, which continued to show a trend rise in the number of inbound tourists, with Chinese arrivals continuing to boom. The number of short-term visitor arrivals fell 5.8% in August in original terms, whereas short-term resident

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Iron ore price charts for October 16, 2017: Spot firmed. Paper fell sharply overnight. Steel futures rose a bit yesterday. Port stocks fell 2.5mt last week to 130.35mt. Nothing changed for me. The path of least resistance still seems lower on the basic guess that winter shutdowns will balance out as lower iron ore demand.

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Global Macro / Markets / Investing: What Global Finance Chiefs Are Saying About the Economy – Bloomberg The IMF Gives A Cautious Welcome To Universal Basic Income – Forbes Your Next Home Could Run on Batteries – WSJ The Coming Renaissance of Macro Investing – Barron’s Americas: The Kochs want that tax cut. Badly. –

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By Jane Salmon Festival of the Dead, Halloween, is also the literal deadline for the Manus men still at Lombrun RPC. On that date they are to be forced out of the compounds that have housed them for 4 years, and into Lorengau. My children will be running around lush front lawns collecting treats in…

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Explained: How Liberal leadership spills work - ABC News

Not long ago, energy market modellers thought we’d be building gas turbines everywhere to hit our emissions targets. How quickly things change.