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xkcd.com Friday, April 28, 2017 - 10:00 Source

Most people don't realize it, but they actually launch a new space station every few weeks because this keeps happening.

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MacroBusiness Friday, April 28, 2017 - 09:54 Source

By Leith van Onselen ABC’s 7.30 Report last night ran an interesting segment examining Treasurer Scott Morrison’s proposed change in Budget reporting to separate “good” debt from “bad” debt. The segment did a good job of highlighting the flaws in Morrison’s approach: ANDREW PROBYN: So what does the Government mean by “good” debt, as opposed

The post ABC does Morrison’s “good debt, bad debt” Budget fiddle appeared first on MacroBusiness.

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MacroBusiness Friday, April 28, 2017 - 09:51 Source

Via The Australian: A recent uptick in unemployment isn’t a sign of emerging weakness in the economy, according to a policy setter at the Reserve Bank of Australia, in comments likely to strengthen the view that the bank’s next move will be to eventually raise rates. “These latest figures [for March] are an encouraging sign

The post RBA trades Mr Rainbow for….Mr Rainbow 2.0 appeared first on MacroBusiness.

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MacroBusiness Friday, April 28, 2017 - 09:39 Source

From the excellent CS team today: In Aesop’s fable, The Father and His Two Daughters, a father asks his two married daughters what they wish for. One, married to a gardener, wishes only for rain. The other, married to a tile-maker, wishes only for sun. The father of course is stuck in the middle, with

The post Credit Suisse probes Do-something Malcolm’s gas solution appeared first on MacroBusiness.

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MacroBusiness Friday, April 28, 2017 - 09:37 Source

By Leith van Onselen Who forms government in New Zealand following the 23 September General Election could be decided by anti-immigration party, New Zealand First, according to the latest polling by Roy Morgan Research: In April support for New Zealand First was up 3% to 10.5% putting Winston Peters’ party now clearly in the box

The post Anti-immigration party to decide NZ Government? appeared first on MacroBusiness.

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The Tally Room Friday, April 28, 2017 - 09:30 Source

Following on from last month’s Western Australian state election, I’ve finished compiling data from that election and added it to the data repository for your use. The dataset includes polling place-level and seat-level data for the lower house and something similar for the upper house. There’s also complete candidate lists for both houses and a full list of polling places with addresses and lat/long information. There are a few pieces of data which are missing and this information is listed in the folder.

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MacroBusiness Friday, April 28, 2017 - 09:12 Source

I’m not sure where one stops and the other begins so let’s assume it’s a single entity, from Gottiboff today: The unprecedented campaign to reduce dwelling prices is starting to have a real impact. The best forward indicator, Sydney apartment prices, has started to ease and sales volumes are falling. And it would appear that

The post Gottiboff: Chinese bailing on bubble appeared first on MacroBusiness.

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Politically homeless Friday, April 28, 2017 - 08:26 Source

About once a month in her column at The Conversation, Michelle Grattan comes to the conclusion that Peter Dutton is not a team player and not fully honest when it comes to the complicated facts and issues of asylum-seekers.

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MacroBusiness Friday, April 28, 2017 - 08:23 Source

By Chris Becker   As Trump’s first 100 days descend into chaos, risk markets overnight were mixed as poor US economic data and ECB machinations overshadowed some solid corporate earnings from US tech heavyweights. US stocks eventually finished higher but European markets were in the red as the ECB signalled inflation was “tepid”. Yesterday in China,

The post Macro Morning appeared first on MacroBusiness.

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North Coast Voices Friday, April 28, 2017 - 08:12 Source

Medianet LogoAAP Logo Medianet Release28 Apr 2017 5:00 AM AEST - Business support for Federal Government now negative; lowest under TurnbullBusiness support for Federal Government now negative; lowest under Turnbull 28 April 2017: Support for the Federal Government among small and medium businesses (SMBs) has fallen into negative territory and to the lowes

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MacroBusiness Friday, April 28, 2017 - 07:34 Source

By Leith van Onselen One of the strangest changes that I have noticed in Melbourne over the past five years has been the proliferation of massage shopfronts. It seems that any given shopping strip across suburban Melbourne now has at least one (but usually more) massage shops, often with a flashing neon sign showing the

The post Prostitutes boom on 457 visas appeared first on MacroBusiness.

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Renew Economy Friday, April 28, 2017 - 07:33 Source

CSIRO and network owners say key driver of shift to 100% renewable energy will not be large wind farms or solar parks, but the rooftop solar and battery storage installed in your home or business. This can and should be done, because it will be significantly cheaper and cleaner. But policy, and politics, need to change.

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MacroBusiness Friday, April 28, 2017 - 07:32 Source

From The Australian: The Business Council of Australia yesterday attacked the Victorian government for lacking “political courage’’ to develop its gas reserves and implicitly criticised the NSW government, which has imposed restrictions through much of the state. …Ahead of next month’s budget, the government last night shelved potentially-explosive recommendations from a review of the Petroleum

The post The Banana Republic bites gas back appeared first on MacroBusiness.

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En Passant Friday, April 28, 2017 - 06:53 Source

 

Lest we forget. It is the defining phrase of ANZAC Day. And yet the Day itself is about forgetting. It really should be lest we remember because ANZAC Day is about denying history writes John Passant in Independent Australia​.

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MacroBusiness Friday, April 28, 2017 - 06:33 Source

From John Hewson today: I had come to believe that, post Vietnam, I would never see another serious military incident or war in our region in my lifetime. How wrong could I be. Not only is the probability now mounting at an alarming pace, with Donald Trump and tensions over North Korea and the South

The post Hewson: At the whim of two mad men in Korea appeared first on MacroBusiness.

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MacroBusiness Friday, April 28, 2017 - 06:32 Source

By Leith van Onselen Ben Phillips from the Australian National University’s (ANU) Centre for Social Research and Methods has released new modelling estimating that capping negative losses at $10,000 could impact 300,000 property investors and could raise $1.5 billion for the Federal Budget. From The AFR: Ben Phillips from the Australian National University’s Centre for

The post Capping negative gearing could save Budget $1.5 billion appeared first on MacroBusiness.

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MacroBusiness Friday, April 28, 2017 - 06:31 Source

It’s the share price crash that keeps on giving, yesterday hitting a new closing low of 59 cents, now down 72% from float: The new trigger appears to have been this story: Speculation is mounting that more of McGrath Estate Agent’s franchisees are heading for the door as the share price of the listed real

The post McGrathmageddon is a national harbinger appeared first on MacroBusiness.

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The Australian Independent Media Network Friday, April 28, 2017 - 06:01 Source

And so it has come to pass that Trump, as those with any brains knew all along, was simply full of hot air. It’s easy of course when campaigning to sound tough and to make the most outrageous promises in the knowledge that you probably won’t keep them. That governing is much more difficult than…

The post Day to Day Politics: The Trump Report No. 14 appeared first on The AIM Network.

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MacroBusiness Friday, April 28, 2017 - 06:00 Source

Some weird old bullhawks return today: The dollar’s potential loss of its status as a high-yielding currency could cause the Aussie to plunge to US62¢, forcing the Reserve Bank to raise interest rates despite still-weak domestic growth, according to one of Asia’s most prominent currency strategists. The weak consumer economy makes it difficult for the RBA to raise

The post Australia’s future is deflation appeared first on MacroBusiness.

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North Coast Voices Friday, April 28, 2017 - 00:16 Source

Clarence Valley Council - Eventsyarn bomb - clarence valleyEve

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North Coast Voices Friday, April 28, 2017 - 00:15 Source

Reuters, 19 April 2017:(Reuters) - A Russian government think tank controlled by Vladimir Putin developed a plan to swing the 2016 U.S. presidential election to Donald Trump and undermine voters’ faith in the American electoral system, three current and four former U.S. officials told Reuters.They described two confidential documents from the think tank as providing the framework and rationale for what U.S. intelligence agencies have concluded was an intensive effort by Russia to interfere with the Nov. 8 election. U.S.

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MacroBusiness Friday, April 28, 2017 - 00:10 Source

By Leith van Onselen In the week ended 27 April 2017, the CoreLogic 5-city daily dwelling price index, which covers the five major capital city markets, fell by 0.29%: Values fell in three major capitals, rose in one, and was flat in one: So far in April, home prices have risen by 0.15%, with growth

The post CoreLogic weekly Australian house price update appeared first on MacroBusiness.

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MacroBusiness Friday, April 28, 2017 - 00:05 Source

BHP and RIO were both thumped last night in London -5% and -3% respectively despite rising Chinese futures markets for iron ore. The culprit was Vale: Shares in Vale slumped the most in two weeks, as executives signalled lacklustre trends for iron ore prices this year and investors reacted to a first-quarter profit miss with disappointment.

The post Samarco to return this year appeared first on MacroBusiness.

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MacroBusiness Friday, April 28, 2017 - 00:05 Source

Iron ore price charts for April 27, 2017: Spot down but futures up overnight. Steel has not updated. BHP and RIO were hammered -5% and -3% in London for some reason. No change to outlook. We’re treading water before the inevitable.

The post Daily iron ore price update (happy days) appeared first on MacroBusiness.

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MacroBusiness Friday, April 28, 2017 - 00:04 Source

Via Investing in Chinese Stocks. One Beijing real estate broker has seen transactions fall 70 percent in the wake of the March 17 buying restrictions. iFeng: 部分一线城市二手房卖方主动降价 成交量大减 Here is the Chaoyang District, Beijing real estate registration business center. In Beijing, every one of the four existing home sales is completed here. According to the

The post Beijing housing markets hits brick wall appeared first on MacroBusiness.

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MacroBusiness Friday, April 28, 2017 - 00:04 Source

Via Investing in Chinese Stocks. One Beijing real estate broker has seen transactions fall 70 percent in the wake of the March 17 buying restrictions. iFeng: 部分一线城市二手房卖方主动降价 成交量大减 Here is the Chaoyang District, Beijing real estate registration business center. In Beijing, every one of the four existing home sales is completed here. According to the

The post Beijing housing market hits brick wall appeared first on MacroBusiness.

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MacroBusiness Friday, April 28, 2017 - 00:04 Source

From Goldman: Q&A on the President’s Tax Reform Plan The White House announced a slightly revised set of principles for tax reform, which appear to incrementally reduce the size of the proposed tax cut compared with the President’s campaign proposal, and eliminate a few of the differences between the campaign plan and the House Republican

The post Understanding the Trump tax plan appeared first on MacroBusiness.

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MacroBusiness Friday, April 28, 2017 - 00:01 Source

Global Macro / Markets / Investing: We’re In An Artificial Intelligence Hype Cycle – Buzz Feed Why are we reluctant to trust robots? – The Guardian Moody’s: Low interest rates pose risks to global insurance industry’s profitability – Moody’s 0.2% Of Nasdaq Companies Accounted For 45% Of Its Recent Gains – Zero Hedge Growth Can Solve the Debt Dilemma –

The post Links 28 April 2017 appeared first on MacroBusiness.

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Your Democracy Thursday, April 27, 2017 - 16:47 Source
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MacroBusiness Thursday, April 27, 2017 - 16:46 Source

by Chris Becker Risk off? Not quite but Asian markets are not reacting well to the mixed lead from Wall Street overnight, exacerbated by the BOJ’s decision to cut its inflation target and a drop in commodity prices. In China, the Shanghai Composite is just positive going into the close, currently up only 0.3% to 3145

The post Macro Afternoon appeared first on MacroBusiness.

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