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The Australian Independent Media Network Wednesday, October 18, 2017 - 06:06 Source

Wednesday 18 October 2017 When I have written on this subject in the past I have always approached it by saying that whilst I have a layperson’s appreciation of science, an in-depth, educated, comprehension eludes me. That is why in 2014 I wrote “Climate Change: A Lay Persons Dilemma” and “You Probably Won’t Read This,…

The post Day to Day Politics: What Hypocrisy! It’s really staggering. appeared first on The AIM Network.

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MacroBusiness Wednesday, October 18, 2017 - 05:00 Source

Via the AFR: Labor states – or a future federal Labor government – that pursue more ambitious renewable energy targets than those set under the Turnbull government’s proposed new Reliability and Emissions Guarantee will face more costly reliability standards, which could increase the cost of electricity in their markets. Energy Security Board chairman Kerry Schott

The post Labor should back Tunbull’s energy plan appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 18, 2017 - 04:49 Source

Via CBA:   LNG is increasingly becoming an important commodity for Australia. We estimate oil and gas production — as measured by value added — will approach iron ore production in the next few years. The upshot is the LNG price is a growing influence on Australia’s terms of trade and AUD. The ongoing recovery

The post LNG delivers one giant final insult to Australia appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 18, 2017 - 00:25 Source

By Leith van Onselen Let’s recall Aberdeen Asset Management’s argument yesterday that Australia’s housing market is a bubble: “We don’t believe that the Australian housing market is in a bubble”… “The usual features of bubble-type behaviour such as broad synchronisation of price gains across a country, lax bank lending policies, reduced scrutiny of end-buyers, and indiscriminate investor buying, mostly appear missing.

The post Why Aberdeen is wrong and Australian housing is a ‘bubble’ appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 18, 2017 - 00:21 Source

Via Domainfax: National Australia Bank’s Alan Oster says it’s not exactly clear why retail sales have been so weak lately, but there are plenty of things likely to be limiting spending growth. Wages growth is still near a record low, utility bills are soaring, and there’s been increasing speculation that interest rates may rise. We also

The post The mystery of the murdered consumer! appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 18, 2017 - 00:20 Source

By Leith van Onselen The Australian last week gave a good summary of the population pressures afflicting Melbourne as the city experiences an unprecedented population boom: At the Melbourne train station of Williams Landing in the city’s southwest, the flower beds lining the carpark are repeatedly squashed into the dirt. It’s not that people don’t

The post Decentralisation delusion as Melbourne surges towards 9 million appeared first on MacroBusiness.

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North Coast Voices Wednesday, October 18, 2017 - 00:16 Source

The Guardian, 12 October 2017 Australia is among countries with the highest growth in income inequality in the world over the past 30 years, according to the International Monetary Fund.Vitor Gaspar, the IMF’s director of fiscal affairs, has told an audience at the launch of the IMF’s latest Fiscal Monitor that Australia’s income inequality growth has been similar to the US, South Africa, India, China, Spain and the UK since the 1980s.Last month the treasurer, 

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MacroBusiness Wednesday, October 18, 2017 - 00:15 Source

SQM Research has released its rental vacancy series for September, which revealed no movement in the national vacancy rate over the month but a 0.2% decline over the year: Over the year, decreases in vacancies were recorded in Melbourne (-0.1%), Perth (-0.5%), Adelaide (-0.4%), Hobart (-0.2%), Darwin (-0.4%), and Canberra (-0.1%), whereas increases were recorded

The post Rental market to tighten as population ponzi overwhelms construction appeared first on MacroBusiness.

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North Coast Voices Wednesday, October 18, 2017 - 00:15 Source

Excerpts from Australian Human Rights Commission (AHRC) submission to the Senate Standing Committees on Community Affairs Senate Inquiry into Social Services Legislation Amendment (Cashless Debit Card) Bill 2017:Human rights concerns As a form of income management, the Social Services Legislation Amendment (Cashless Debit Card) Bill 2017 raises a number of human rights concerns, specifically around the right to social security, the right to a private life and the right to equality and non-discrimination.

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MacroBusiness Wednesday, October 18, 2017 - 00:06 Source

By Leith van Onselen The most recent REINZ housing statistics revealed a sharp decline in Auckland transaction volumes, which were down circa 30% in the year to August – the lowest level of August sales in six years: With Auckland’s sales tracking at their lowest level in at least five years in 12-month moving average

The post NZ real estate agents bleeding as sales volumes collapse appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 18, 2017 - 00:05 Source

Iron ore price charts for October 17, 2017: Tianjin benchmark  fell 70 cents to $61.70. Paper took off overnight. Coking futures and physical and are stuck around $180. Steel is stalled. CISA output for late April was up 1.1% to 1.87mt with no sign of any shutdowns yet. Bloomie has some more on the outlook: “The

The post Daily iron ore price update ($40s) appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 18, 2017 - 00:01 Source

Global Macro / Markets / Investing: Fund giant warns over stock market highs – BBC Echoes of the Black Monday Crash of ’87 – Bloomberg The 4 Ds Of Robotization: Dull, Dirty, Dangerous And Dear – Forbes Dealing with a globalised banking sector – EU How Google’s Quantum Computer Could Change the World – WSJ

The post Links 18 October 2017 appeared first on MacroBusiness.

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Tuesday, October 17, 2017 - 20:57 Source

Yeah yeah yeah yeahHe makes me do things I don't want to doHe makes me say things I don't want to say& even though I want to break awayI can't (stop saying I adore himI can't stop doing things for him)

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politicalowl Tuesday, October 17, 2017 - 20:57 Source

Yeah yeah yeah yeahHe makes me do things I don't want to doHe makes me say things I don't want to say& even though I want to break awayI can't (stop saying I adore himI can't stop doing things for him)

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The Australian Independent Media Network Tuesday, October 17, 2017 - 20:49 Source

By Warwick O’Neill Just in case you’ve been living in a shoe box today, let me take this opportunity to advise you that Lisa Wilkinson quit Chanel 9’s Morning Show. Now you know. Whoopie … A lot of the talk has centred around gender pay gaps and all that, and fair enough. Two people sitting…

The post Our priorities need a serious rethink appeared first on The AIM Network.

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Tuesday, October 17, 2017 - 20:45 Source

While updating my table of The Australian's Newspoll results today (you will find the collection HERE) it struck me once again just how irrelevant poll results are a long time out from an election.The table below compares Labor's two party vote 15 months after an election (like the one this week) with Labor's actual vote at the following election.

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politicalowl Tuesday, October 17, 2017 - 20:45 Source

While updating my table of The Australian's Newspoll results today (you will find the collection HERE) it struck me once again just how irrelevant poll results are a long time out from an election.The table below compares Labor's two party vote 15 months after an election (like the one this week) with Labor's actual vote at the following election.

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politicalowl Tuesday, October 17, 2017 - 18:30 Source
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Tuesday, October 17, 2017 - 18:30 Source
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MacroBusiness Tuesday, October 17, 2017 - 17:44 Source

by Chris Becker Stocks in Asia are taking a pause due to new North Korean tensions even after US stocks took out new record highs overnight. The Aussie dollar fell after the RBA maintained its low interest rate dogma to sustain growth – in house prices at least. In mainland China the Shanghai Composite is

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Tuesday, October 17, 2017 - 16:06 Source

If one thing is clear from the Coalition's new energy policy announcement today, it is that Tony Abbott has won, and consumers have lost. Even in the most optimistic scenario presented by the government, energy consumers will see little reduction in their energy bills over the next decade. And that's outrageous.

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politicalowl Tuesday, October 17, 2017 - 15:41 Source
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Tuesday, October 17, 2017 - 15:41 Source
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MacroBusiness Tuesday, October 17, 2017 - 14:18 Source

I am going to do back-flip with a triple pike here. Do-nothing Malcolm has circumvented Tony Abbott on carbon: The Coalition party room has endorsed the government’s new energy plan, despite objections from Tony Abbott and others that the policy still has a component aimed at reducing emissions….Energy retailers will be required to meet standards

The post Has Do-nothing Malcolm “ended the climate wars”? appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, October 17, 2017 - 14:00 Source

By Ad astra As a weary electorate approaches yet another holiday season, looks back over the year and asks: ‘How has our federal government improved life for ordinary Aussies’, the answer is depressing. Our self-styled ‘adult government’ has achieved so little for so long. We have had to endure indecision, poor planning, stultifying policies, governmental…

The post What’s wrong with PM Turnbull? appeared first on The AIM Network.

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The Australian Independent Media Network Tuesday, October 17, 2017 - 13:51 Source

I am firmly convinced that the entire Coalition suffers from cognitive dissonance. Barnaby Joyce, in an opinion piece for a Tamworth newspaper bemoaning the “malicious fate” that has put his position in parliament in doubt due to his dual citizenship, wrote about the “crazy boarding school in Canberra” who “revel in the salacious at the…

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MacroBusiness Tuesday, October 17, 2017 - 13:29 Source

Via Westpac: September is a seasonally strong quarter due to the post June 30 price resetting of many administered prices and as such, the ABS seasonal factors moderate our estimate to a seasonally adjusted 0.4%. Key factors in Q3 are: the ongoing grocery competition holding back food prices; the annual repricing of the tobacco excise;

The post CPI preview appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 17, 2017 - 13:23 Source

By Leith van Onselen From Robert Gottliebsen (“Gotti”) comes an interesting titbit on the role that Australia’s dud Free Trade Agreements (FTAs) played in the car industry’s demise: The first Toyota closure reason was actually the so-called “free trade” agreements that Australia signed. Probably these agreements had more of an effect on Japanese executives in

The post Dodgy FTA’s helped kill the car industry appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 17, 2017 - 13:16 Source

Dalian iron ore is still struggling today: Not RIO or BHP: The RIO rally is reckless. Nobody knows what’s coming from China in next few months. Big Gas is lovin’ it’s new guarantee as the Pensioner Killers roar: Big Gold has no time for bears like me, lovin’ the falling AUD: Big Sleazy is pouring

The post Crushed consumer gives ASX wings appeared first on MacroBusiness.

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Renew Economy Tuesday, October 17, 2017 - 12:56 Source

Origin Energy rolls out flexible energy trial in South Australia, allowing commercial and industrial customers to align demand with renewables output.

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