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MacroBusiness Wednesday, October 17, 2018 - 00:15 Source

Via Buzzfeed: CEOs of property groups have written to the NSW premier requesting that the government move towards allowing real estate agents to regulate themselves, but the government says the proposal is not in the “public interest”. The six groups, including the Real Estate Institute of NSW (REINSW), the Property Owners’ Association of NSW and

The post Realty locusts demand self-regulation appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 17, 2018 - 00:12 Source

By Leith van Onselen With the release yesterday of the ABS’ lending finance data for August, it’s an opportune time to once again chart how capital city house prices are tracking against both investor and total housing finance. As readers no doubt already know, housing finance has historically been strongly correlated with values. Therefore, it

The post Crashing investor finance points straight down for house prices appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 17, 2018 - 00:10 Source

By Leith van Onselen SQM Research has released its rental vacancy series for September, which revealed a steady 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%), Adelaide (-0.4%), Perth (-1.3%), Brisbane (-0.6%) and Canberra (-0.4%), whereas increases were recorded

The post Sydney’s landlords choked by falling prices and rents appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 17, 2018 - 00:05 Source

The Shanghai Composite is in free fall: This is despite the China National Team going hell for leather on buying. I suspect it is foreign capital fleeing Cold War 2.0. But that’s not all it is because the industrial earnings outlook also appears to be deteriorating: Following still tightening credit down as the falling yuan

The post What is the Chinese stock crash telling us? appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 17, 2018 - 00:02 Source

Fifteen months ago we started investing money for clients with a vision to bridge the gap in investment solutions for everyday people looking for the middle ground between cookie-cutter robo-advice and high-cost financial planning. We started investing in all forms except for retail superannuation, with the plan to offer retail superannuation shortly after launch. Unfortunately,

The post Introducing MB Super appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 17, 2018 - 00:01 Source

Global Macro / Markets / Investing: The Big Blockchain Lie by Nouriel Roubini – Project Syndicate Did Uber Steal Google’s Intellectual Property? – New Yorker Jeff Bezos Wants Us All to Leave Earth—for Good – Wired M.I.T. Plans College for Artificial Intelligence, Backed by $1 Billion – NY Times Fidelity Starts Crypto Unit to Serve Wall

The post Links 17 October 2018 appeared first on MacroBusiness.

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Your Democracy Tuesday, October 16, 2018 - 21:07 Source

prince

Presently the dumb country, Australia, is regaled with the presence of a couple of royals and what a better place than to announce that the princess of whatever is pregnant.

If you've never seen a horse race before, the stunt on the Sydney Opera House would have drawn your attention to horses, jockeys and betting (responsibly — whatever this means as betting is never responsible).

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Your Democracy Tuesday, October 16, 2018 - 20:50 Source
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Club Troppo Tuesday, October 16, 2018 - 17:51 Source

Grandparents, Moms, or Dads? Why Children of Teen Mothers Do Worse in Life
by Anna Aizer, Paul J. Devereux, Kjell G. Salvanes – #25165 (CH ED HE LS)

Abstract:

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Renew Economy Tuesday, October 16, 2018 - 17:30 Source

Daimler expects some 25% of car sales by 2025 will consist of battery-electric vehicles. But ICE here for a "long time."

The post Daimler aims for 25% electric car sales by 2025 appeared first on RenewEconomy.

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Renew Economy Tuesday, October 16, 2018 - 17:30 Source

Daimler expects some 25% of car sales by 2025 will consist of battery-electric vehicles. But ICE here for a "long time."

The post Daimler aims for 25% electric car sales by 2025 appeared first on RenewEconomy.

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Renew Economy Tuesday, October 16, 2018 - 17:00 Source

As Europeans embrace the shift to electric vehicles, with sales of plug-in vehicles reaching 1 million after soaring by 40 per cent in the first half of 2018, according to figures from EV Volumes, the European Union is looking to ignite its own EV battery industry. The EU currently has no large scale EV battery...

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MacroBusiness Tuesday, October 16, 2018 - 16:30 Source

A mixed day here in Asia which is better than red across the baord with Japanese stocks leading the way, pulling along local shares as the USD recovered slightly. The Chinese CPI print picked up slightly as the PBOC signalled its intend on defending the major 7 handle on the Yuan against USD, with the official

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Tuesday, October 16, 2018 - 15:26 Source

Battery storage has stolen the limelight as Australia focuses on its storage needs for a renewables-dominated grid. But pumped hydro is about to make an even bigger splash.

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Renew Economy Tuesday, October 16, 2018 - 15:16 Source

A snapshot of the renewables action happening across Australia shows states and territories blitzing the field, in spite of current federal inaction.

The post States and territories lead way on renewables, climate appeared first on RenewEconomy.

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Renew Economy Tuesday, October 16, 2018 - 14:53 Source

ARENA back establishment of centre for information, training and advice on procuring clean energy off-take deals, as Australia's corporate PPA market starts to take off.

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MacroBusiness Tuesday, October 16, 2018 - 14:23 Source

From Capital Economics: • Policymakers are likely to look through the latest pick-up in consumer price inflation and focus instead on evidence of cooling economic momentum, including slower core inflation and weaker factory gate price pressures. • Consumer price inflation rose in September, from 2.3% y/y to 2.5% (both the Bloomberg median and our forecast

The post Chinese inflation eases appeared first on MacroBusiness.

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Renew Economy Tuesday, October 16, 2018 - 13:53 Source

US economist argues Australia should be exporting solar, not coal, and says Coalition government is backing fossil fuel interests. "What is the matter with these people?"

The post Coalition backing “big coal” over climate, says Sachs: “Unbelievably irresponsible” appeared first on RenewEconomy.

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Renew Economy Tuesday, October 16, 2018 - 13:51 Source

Proposed bill would require Washington D.C. utilities to source 100? of their electricity from renewable energy sources by 2032.

The post Washington DC pushes 100% renewable energy bill appeared first on RenewEconomy.

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MacroBusiness Tuesday, October 16, 2018 - 13:45 Source

By Leith van Onselen The Morrison Government’s proposed changes to the formula for distributing GST revenue was rejected earlier this month by the majority of state treasurers. While the reforms received support from Western Australia’s Treasurer Ben Wyatt, the other state treasurers warned that the federal government must guarantee that no state or territory will

The post Coalition capitulates on GST appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, October 16, 2018 - 13:17 Source

Scrolling through Scott Morrison’s twitter feed shows just how ridiculous politics in Australia has become. Do we really need Promo to tweet about, and attend, every single sporting event going on in the country?  Do we need to see photos of him having a meal with his family?  Or perched in a truck going broom…

The post The ridiculous state of politics in Australia appeared first on The AIM Network.

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MacroBusiness Tuesday, October 16, 2018 - 13:15 Source

From Peter Hartcher today on ScoMo’s sudden swing behind an ever more radial Israel: Has Morrison floated these changes to Australian policy because they were recommended to the government through its policy-making channels? No. They were not proposed or recommended by any part of the Australian policy-making system. Nor would they be. Why not?…they are

The post Hartcher: ScoMo’s Israeli dalliance threatens Australia appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 16, 2018 - 13:00 Source

By Leith van Onselen Today’s Lending Finance data for August, released by the ABS, revealed that personal and renovation finance continue to collapse. Personal finance commitments were down 5.8% over the year, are down 24% since the March 2013 peak, and are tracking at the lowest level since December 2002: In a similar vein, renovation

The post Personal and renovation finance collapses appeared first on MacroBusiness.

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Renew Economy Tuesday, October 16, 2018 - 12:51 Source

The 200MW Kiamal solar farm near Ouyen will be the biggest in Victoria, and the first in Australia to be built with synchronous condensers.

The post Victoria’s largest solar farm goes ahead after “solving” connection dilemma appeared first on RenewEconomy.

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MacroBusiness Tuesday, October 16, 2018 - 12:43 Source

AUD is firm through the morning: Bonds are soft: XJO gapped higher at the open but has faded ever since: Big Iron is mixed: Dalian soft: Big Gas too: There are signs of life in Big Gold. I am still unconvinced beyond a small counter-trend rally: Big Mortgage is still under selling pressure. It gapped

The post Banks, realty still under heavy selling pressure appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 16, 2018 - 12:30 Source

The AFR continues its energy jihad against all Australians today: East coast gas buyers have resigned themselves to the prospect of paying around $10 a gigajoule for gas, even with Labor’s gas plan signalling lower prices, said Cooper Energy chief executive David Maxwell. “There no doubt that the mood has changed a lot in the last six

The post Either Labor kills the gas cartel or vice versa appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 16, 2018 - 12:09 Source

By Leith van Onselen Australia’s speculator frenzy continues to retreat, according to today’s Lending Finance data for August, released by the ABS. As shown below, the annual value of investor loans in New South Wales (read Sydney) is falling fast, whereas Victoria (read Melbourne) is also falling. Investor loans in the other major jurisdictions are also

The post Investor mortgage growth is crashing everywhere appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 16, 2018 - 12:00 Source

By Leith van Onselen The Government-run Financial Helpline on track to receive record number of cases this year, with older Australians who can’t meet mortgage or rent payments over-represented, and counsellors starting to field calls from people struggling to switch to principal and interest mortgage payments. From The ABC: “The phones just never stop now,”

The post National Debt Helpline buckles under record call load appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 16, 2018 - 11:57 Source

Via Australian Parasite: Research from Roy Morgan says the current figure of 8.9% has risen from 8% twelve months ago and could continue to rise if house prices keep falling. The figures are based on the fact that the value of their home is only equal to or less than the amount they still owe.

The post Negative mortgage equity spreads appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 16, 2018 - 11:45 Source

Karen Moley puts lippy on the banking pig today: …there’s no doubt that the Hayne royal commission – which has forced the banks to crack down on some of their lax lending standards and to forsake some of the suspect fees they’ve been happily pocketing for years – has played some role in this sell-off

The post Why are Aussie banks getting smashed? appeared first on MacroBusiness.

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