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MacroBusiness Tuesday, July 17, 2018 - 11:35 Source

From Martin North at Digital Finance Analytics: We have released the June 2018 edition of our household financial confidence index, which draws information from our rolling household surveys. In June the overall index fell once again to 89.7, well below the 100 neutral setting down from 90.2 last month. Looking at the results across the

The post Mortgage concerns smashes household financial confidence appeared first on MacroBusiness.

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politicalowl Tuesday, July 17, 2018 - 11:28 Source

Australia's Greens, it seems, have joined in the "fear the yellow peril" sentiment.

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Renew Economy Tuesday, July 17, 2018 - 11:24 Source

King coal to rule? Murdoch media should read the AEMO report again - it suggests that even under Coalition and state policies renewables will be around 50% by 2030. And that's without being serious about climate change.

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MacroBusiness Tuesday, July 17, 2018 - 11:00 Source

By Leith van Onselen On Friday it was revealed that the Turnbull Government had appointed former Coalition insiders into key economic roles within the Australian public service, namely: appointment of former chief of staff to both Treasurers Peter Costello and Scott Morrison, Philip Gaetjens, to the secretary of the Australian Treasury; appointment of former chief of

The post Labor attacks Coalition’s ‘yes men’ stacking of public service appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 17, 2018 - 10:45 Source

By Leith van Onselen I have always found it irritating when interest groups like the Business Council of Australia complain about Australia’s uncompetitive wages and the need to cut penalty rates or the minimum wage, as well as slash company taxes, but conveniently refuse to address the egregious blow-out in CEO and senior management pay.

The post As your pay falls, CEOs make like bandits appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 17, 2018 - 10:30 Source

Via Reneweconomy: The Australian Energy Market Operator, in a ground-breaking study, has confirmed that the cheapest and smartest replacement for the country’s ageing coal capacity will be in solar, wind and storage technologies. In the long awaited release of its Integrated System Plan, AEMO says much of Australia’s coal capacity will retired by 2040 because

The post AEMO confirms the end of coal appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 17, 2018 - 10:15 Source

By Leith van Onselen Acadata has released its latest house price results for the UK, which shows that values in London have begun to rebound after a period of price falls, driven by the top-end of the market: Average prices in England and Wales were slightly down in June, falling by 0.2% from May, although

The post London house price rebound driven by top end appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 17, 2018 - 10:00 Source

Via The Guardian: A substantial majority of voters want an inquiry into power prices and anti-competitive conduct by Australia’s energy retailers, and there is also community support for returning energy assets to public ownership, according to the latest Guardian Essential poll. The survey of 1,014 respondents also suggests the contest between the major parties could be

The post Essential: Labor’s lead narrows appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 17, 2018 - 09:30 Source

By Leith van Onselen Former special adviser to the Reserve Bank of New Zealand (RBNZ) and New Zealand Treasury, Michael Reddell, has cited mass immigration as a prime cause of New Zealand’s weak productivity. From Interest.co.nz: For decades, New Zealand’s economic Achilles heel has been its low productivity… GDP per capita remained at just 0.1%

The post Why mass immigration is productivity destroying appeared first on MacroBusiness.

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politicalowl Tuesday, July 17, 2018 - 09:24 Source
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MacroBusiness Tuesday, July 17, 2018 - 09:21 Source

Booming output and sales for RIO’s second quarter production report: With autohaul on track (pardon the pun) it could easily add another 20mt. I expect it will next year as prices slip and the market share battle returns.

The post RIO supply discipline slips appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 17, 2018 - 09:15 Source

Definitely. At the AFR: Treasurer Scott Morrison has warned the deepening US tariff war with China could derail a global economy that has finally shaken off the effects of the financial crisis and has directly challenged Donald Trump’s view that countries can win trade wars. As the International Monetary Fund described the US as among

The post Could there be a trade war boom? appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 17, 2018 - 09:09 Source

Via Australian Broker: More banks have increased interest rates as the pressure of increased funding costs continues to mount. Teachers Mutual Bank Limited (TMBL) announced new rates yesterday. TMBL includes three banks: Teachers Mutual Bank, UniBank and Firefighters Mutual Bank. TMBL announced changes to its fixed rates for new customers to the group’s brands. TMBL

The post Little banks hike mortgage rates appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 17, 2018 - 09:00 Source

By Leith van Onselen SQM Research has updated its rental vacancies time series for June, which reveals that Sydney’s rental vacancy rate has hit the highest level in the series’ 13.5 year history at 2.8%. Here’s how the raw data looks compared against the rest of the nation: And here’s the data presented in trend

The post Sydney investors enter doom loop of falling rents and prices appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 17, 2018 - 09:00 Source

By Leith van Onselen A study by the Reserve Bank of New Zealand (RBNZ) claims that people taking out mortgages to buy a home have become less vulnerable to the effects of a housing market downturn, higher interest rates and/or a loss of income since the introduction of Loan to Valuation Ratio (LVR)  lending restrictions

The post How RBNZ’s LVR caps de-risked the mortgage market appeared first on MacroBusiness.

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Renew Economy Tuesday, July 17, 2018 - 08:49 Source

CSIRO report says Australia could lead world in re-use and recycling of lithium-ion batteries, generating potential billion-dollar industry, and helping to push down costs of EVs and battery storage.

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Poll Bludger Tuesday, July 17, 2018 - 07:16 Source

The LNP's candidate hits a speed bump in Longman; One Nation goes on the warpath against Labor; and a poll suggests a close result in Braddon.

The post Super Saturday minus eleven days appeared first on The Poll Bludger.

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MacroBusiness Tuesday, July 17, 2018 - 07:00 Source

DXY was soft last night. EUR and CNY stable: AUD was soft against developed markets: Weak against emerging markets: Gold is only hanging on: Oil was hammered 4% on rising Saudi supply. Brent looks very toppy: Base metals are in free fall: Miners were hit: EM stocks too: Junk did better: Treasuries were sold: Bunds

The post Australian dollar hit as commodities crash again appeared first on MacroBusiness.

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Poll Bludger Tuesday, July 17, 2018 - 05:46 Source

A slight narrowing in the Labor lead brings Essential Research's two-party result in line with Newspoll's.

The post Essential Research: 51-49 to Labor appeared first on The Poll Bludger.

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The Global Mail - Syndicated Stories Tuesday, July 17, 2018 - 01:40 Source

The crypto market is back to green after months of registering reds, dipping from their all-time highs. In reality, Bitcoin, Ethereum, Bitcoin Cash, and Ripple did register decent register gains over the weekend. NEO also inched higher despite not getting […]

The post Weekly Cryptocurrency Price Analysis: Bitcoin, Bitcoin Cash, Ethereum, NEO, and XRP appeared first on The Global Mail.

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MacroBusiness Tuesday, July 17, 2018 - 00:20 Source

By Leith van Onselen Following Liberal senator Dean Smith’s call yesterday for a wide-ranging Senate inquiry into Australia’s population policy, Prime Minister Malcolm Turnbull hosed the idea, claiming the immigration system is delivering what’s needed: Malcolm Turnbull believes Australia’s immigration system is in great shape as he hosed down calls for a review of population policy… “We

The post Give Australians a population plebiscite, not Senate review appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 17, 2018 - 00:19 Source

Via the AFR: Westpac is set to rock the increasingly nervous property market by withdrawing new loan offers to self-managed superannuation funds looking to invest in property. …The move has shocked mortgage brokers and financial advisers, who act as intermediaries between borrowers and the banks, but complements a change in lending strategy the banks have

The post Brokers “shocked” as mortgages disappear appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 17, 2018 - 00:10 Source

By Leith van Onselen The Australian Bureau of Statistics yesterday released its overseas short-term arrivals and departures figures for May, which continued to show a trend rise in the number of inbound visitors, with Chinese arrivals hitting an all-time high. The number of short-term visitor arrivals fell a seasonal 10.4% in May in original terms,

The post Chinese visitor arrivals hit record high appeared first on MacroBusiness.

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Renew Economy Tuesday, July 17, 2018 - 00:10 Source

AEMO says 70TWh of coal is to retire by 2040, and the cheapest way to replace it is with solar, wind and storage, and just a tiny bit of gas. And no coal. But it wants more transmission lines and renewable zones to manage this transition.

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Renew Economy Tuesday, July 17, 2018 - 00:10 Source

AEMO says 70TWh of coal is to retire by 2040, and the cheapest way to replace it is with solar, wind and storage, and just a tiny bit of gas. And no coal. But it wants more transmission lines and renewable zones to manage this transition.

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MacroBusiness Tuesday, July 17, 2018 - 00:10 Source

Via The Australian: “What has happened in the past may just look like a storm in a teacup compared to what is coming,” said Nicholas Browne, Wood Mackenzie director for Asia-Pacific gas and LNG. With supply shortages forecast for east Australia from the early to mid 2020s “gas will need to be diverted from LNG

The post Wood Mackenzie: Aussie gas disaster just started appeared first on MacroBusiness.

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MacroBusiness Tuesday, July 17, 2018 - 00:05 Source

  Tianjin benchmark fell 50 cents to $63. Everything is more or less in equilibrium. Port stocks were flat on the week. Can the equilibrium hold? I don’t think so. Infrastructure is plummeting: It’s being offset by a bounce in realty and exports but for how long as credit tightens? By year end I expect

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

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MacroBusiness Tuesday, July 17, 2018 - 00:01 Source

Global Macro / Markets / Investing: How a $139 Billion Fund Is Trading the Trade War – Bloomberg Bond markets signal early end to Fed rate rises – FT Amazon’s share of the US e-commerce market is now 49%, or 5% of all retail spend – Tech Crunch Infographic: A Short History of U.S. Trade

The post Links 17 July 2018 appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, July 16, 2018 - 19:58 Source

Article from the Australian…”Earlier this year Mr Shorten unveiled his franking credits policy to claw back nearly $60bn over 10 years by abolishing cash refunds for excess dividend imputation credits. “Modelling from the listed investment companies sent to the ALP this week argues it would increase the tax burden on individuals with low marginal tax…

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The Australian Independent Media Network Monday, July 16, 2018 - 18:00 Source

By Ad astra Are you as alarmed as I am when you see on our TV screens, or hear on the radio, or read in our disappearing newspapers about the deteriorating state of democracy in Europe, Asia, the United States of America, Africa, the Middle East, even in our own country? Do you see, as…

The post Is the world swerving extreme right? appeared first on The AIM Network.

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