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MacroBusiness Thursday, September 19, 2019 - 15:06 Source

The Australian dollar has resumed its great sink today as bank and market observers pile in for rate cuts: Bonds are on fire: Stocks too: Dalian is weak: But nobody cares as Big Iron reaches for the skies. FMG hilarity! And Big Gas for that matter: Big Gold is forgotten though at least its AUD

The post Australian dollar, bond yields sink as rate cuts locked in appeared first on MacroBusiness.

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MacroBusiness Thursday, September 19, 2019 - 14:40 Source

From Roy Morgan Research: In August, Australians expected annual inflation of 3.9% over the next two years. This is down 0.2% on July and down 0.4% on a year ago in August 2018. Analysing Inflation Expectations by gender and age compared to a year ago shows the biggest declines have been for women of all

The post Inflation expectations continue to plummet appeared first on MacroBusiness.

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Renew Economy Thursday, September 19, 2019 - 14:34 Source

The Los Angeles Department of Water & Power voted unanimously to allow construction on the United States’ largest solar and battery energy storage system.

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Renew Economy Thursday, September 19, 2019 - 14:31 Source

OpenCEM – the free to use, open-source, capacity expansion model of the NEM - will help smash renewable energy myths and help design transition scenarios.

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MacroBusiness Thursday, September 19, 2019 - 14:20 Source

Via the excellent Damien Boey at Credit Suisse: The Fed delivered a “hawkish” easing this morning, cutting the Fed funds rate by 25bps to 1.75-2%, and the interest rate on excess reserves by 30bps to 1.8%. Importantly, officials reiterated their “median” guidance for no more rate cuts this year. Interestingly, there were three dissenters –

The post Has the Fed plugged the US dollar leak? appeared first on MacroBusiness.

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Renew Economy Thursday, September 19, 2019 - 14:19 Source

We'll be taking a long lunch on Friday – not in some weird throw-back to the 80s, but to support the global student-led fight against political inaction on change.

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The Australian Independent Media Network Thursday, September 19, 2019 - 14:11 Source

By Robert Wood   The attacks on responsible freedom of expression are constant and ongoing. Readers might have seen my earlier piece for The AIMN, ‘The right to free speech is also a responsibility’. That piece outlined the news of a single day when a Channel 9 fundraiser was held for the Liberal Party, when there…

The post On Intellectual Freedom in a Time of Denial appeared first on The AIM Network.

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MacroBusiness Thursday, September 19, 2019 - 14:00 Source

This is what Australians are up against. The nation’s leading business paper has completely lost faith in its own system. From the AFR editorial: …where we really part company with Washington is that we don’t accept that China is a strategic competitor that must be contained. Mr Morrison has instead revived the Menzian formula of

The post What Scott Morrison should tell Donald Trump appeared first on MacroBusiness.

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MacroBusiness Thursday, September 19, 2019 - 13:40 Source

Recently, average CEO pay packets in the top 100 Australian companies surpassed $5 million, according to research from The Australia Institute: Now, the latest CEO pay report from the Australian Council of Superannuation Investors (ACSI) shows that Australia’s top earning CEOs were paid 280-times the average Australian full-time salary of $85,000, which ACSI describes as “a

The post Australian CEOs bask in “culture of entitlement” appeared first on MacroBusiness.

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MacroBusiness Thursday, September 19, 2019 - 13:20 Source

God save me from Juwai, via AFR: Property portal Juwai’s new survey of Chinese consumers found that 27 per cent of mainland Chinese tourists planned to look at properties over the next year as part of their travels, and that Australia was their No.1 destination to go shopping. Brisbane came in third and the Gold

The post Property parasite claims Chinese property deluge imminent appeared first on MacroBusiness.

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Renew Economy Thursday, September 19, 2019 - 13:10 Source

Northern Territory backs massive investment in solar as part of goal to reach net zero emissions and create renewable export industry.

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MacroBusiness Thursday, September 19, 2019 - 13:00 Source

As summarised earlier, the Australian Bureau of Statistics (ABS) today released its labour force report for August, which registered a 34,700 increase in total employment but an increase in the headline unemployment rate (from 5.2% to 5.3%) due to a 0.09% increase in labour force participation. However, the underemployment rate rose by 0.2% in seasonally

The post ABS employment in detail: more wages gloom appeared first on MacroBusiness.

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MacroBusiness Thursday, September 19, 2019 - 12:40 Source

Adam Boyton, chief economist of the Business Council of Australia (BCA), has penned a spurious article claiming that mass immigration will prevent the Australian economy from experiencing the economic declines experienced in places like Japan and Europe: One difference between the US on the one hand and the eurozone and Japan on the other is

The post Business Council shill: ‘Big Australia’ will save economy appeared first on MacroBusiness.

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Renew Economy Thursday, September 19, 2019 - 12:36 Source

GE Renewable Energy named as supplier of big battery for the 200MW Solar River Project in South Australia.

The post GE to supply world’s biggest battery for South Australia Solar River project appeared first on RenewEconomy.

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MacroBusiness Thursday, September 19, 2019 - 12:20 Source

Last weekend, CoreLogic released its preliminary auction clearance rates, which revealed the following results: Today, CoreLogic has released its final auction results, which reported a 2.9% decline in the final national auction clearance rate to 72.8% – well above the same weekend last year (51.8%) and also above last week’s 72.3%: As you can see,

The post Final auction clearance rate stays strong appeared first on MacroBusiness.

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MacroBusiness Thursday, September 19, 2019 - 11:40 Source

Statistics New Zealand has released national accounts figures for the June quarter of 2019, with Gross domestic product (GDP) rising by 0.5% over the quarter. Between the June quarter of 2018 and the latest June quarter GDP rose 2.1%, which was the slowest rate since December 2013. As shown below, services drove the GDP growth,

The post NZ GDP growth slowest since 2013 appeared first on MacroBusiness.

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MacroBusiness Thursday, September 19, 2019 - 11:32 Source

Via the ABS just now comes Labour Force for August: AUGUST KEY POINTS TREND ESTIMATES Employment increased by 22,000 to 12,921,100 persons. Full-time employment increased by 7,200 to 8,828,400 persons and part-time employment increased by 14,700 to 4,092,700 persons. Unemployment increased by 2,700 to 715,700 persons. Unemployment rate increased by less than 0.1 pts to

The post Australian unemployment climbs appeared first on MacroBusiness.

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MacroBusiness Thursday, September 19, 2019 - 11:20 Source

The Iranian conflict is more or less over before it began, via CNN: President Trump said Wednesday that his administration would be announcing sanctions on Iran “over the next 48 hours.” He also said that his “thinking pretty much remains the same” on the recent attack on Saudi Arabia. Trump, speaking on a Los Angeles

The post Why Donald Trump does not do war appeared first on MacroBusiness.

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MacroBusiness Thursday, September 19, 2019 - 11:00 Source

With Australia’s mass immigration policy forcing people to live in high density apartments rather than traditional houses, a new study by the University of Queensland has found that the loss of backyards is harming children’s health: The steadily shrinking backyard in Australia could be having an effect on how much exercise children get, new research

The post Study: Apartment living bad for children’s health appeared first on MacroBusiness.

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MacroBusiness Thursday, September 19, 2019 - 10:57 Source

In today’s LIVE webinar (12:30 pm AEST, Thursday 19th September), hear from MB Fund’s Head of Investment Damien Klassen and Tim Fuller as they cover “The Ticking Debt Bomb” Unfunded liabilities, astronomical government debt, record consumer debt,  soaring corporate loans – where does the buck stop? Join us this week as we delve into the world of

The post MB Fund Podcast: The Ticking Debt Bomb LIVE TODAY appeared first on MacroBusiness.

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MacroBusiness Thursday, September 19, 2019 - 10:40 Source

Victoria water minister has ruled-out building any new dams, claiming that climate change and lack of rain fall will render them useless. From The Australian: Water Minister Lisa Neville says water in the state’s rivers will halve by 2065, citing this forecast in her refusal to build even one dam, even though over that period

The post Vic Minister: No more dams, but 5m more people great! appeared first on MacroBusiness.

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Renew Economy Thursday, September 19, 2019 - 10:39 Source

Palau Islands from above - optimisedAn ANU research intitiative seeks to redefine Australia's approach to trade in the Asia-Pacific region, including a focus on renewable energy exports.

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Your Democracy Thursday, September 19, 2019 - 10:26 Source
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MacroBusiness Thursday, September 19, 2019 - 10:20 Source

Via Reuters: The government will publish its “Final Budget Outcome” for the 2018/19 fiscal year ended on June 30 on Thursday, Treasurer Josh Frydenberg told Australia’s parliament. The report will also include revised estimates and outlook for the current financial year. “It will show an improvement on what was forecast, not only in the 2018/19

The post Go long Recessionberg stupidity appeared first on MacroBusiness.

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Renew Economy Thursday, September 19, 2019 - 10:12 Source

The nuclear inquiry has seen some bold claims and corporate spin about the future costs of small modular reactors. But they are undermined by the authors of the reports they cite.

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Renew Economy Thursday, September 19, 2019 - 10:03 Source

If you’re wondering what you, as an individual, can do to support action against climate change, joining a strike is a very good start. Here's why.

The post How a climate strike can change minds (most importantly your own) appeared first on RenewEconomy.

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MacroBusiness Thursday, September 19, 2019 - 10:00 Source

Via Domain: Job advertisements in Sydney and Melbourne are falling at double digit rates, prompting concern unemployment may be increasing despite cuts in official interest rates and the Morrison government’s tax cuts for low and middle income earners. Figures to be released today by SEEK show overall job ads have fallen by 8.6 per cent

The post SEEK: Job ads tank in Sydney and Melbourne appeared first on MacroBusiness.

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Renew Economy Thursday, September 19, 2019 - 09:48 Source

 KiaKia e-Niro arrival in Australia may be delayed due to overseas demand and be replaced by the all-electric Soul.

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Renew Economy Thursday, September 19, 2019 - 09:47 Source

 PowershopRising interest in electric vehicles leads Australian energy retail provider Powershop to expand its cut rate EV charging offer into New South Wales and Victoria.

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MacroBusiness Thursday, September 19, 2019 - 09:40 Source

Good. Via Investor Daily: A former Macquarie banker says hazy guidelines around lending will cause problems for the next six months following the Westpac case, predicting the big four banks will corner ASIC and demand clearer standards. During a panel discussion at The REAL Future of Advice Conference in Vietnam this week, former Macquarie head

The post Banker: HEM appeal will slow credit appeared first on MacroBusiness.

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