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Oz Blog News Commentary
The Australian Independent Media Network Sunday, January 13, 2019 - 11:04 Source

Sunday story time! We all, at some point in our lives become witness to another’s “situation” … In my first marriage, we sent the children to an “alternative school” and I have to say that while it was alright for the children, my growing involvement through my trade brought me into contact with many parents…

The post The Puppets of Margie Maegher appeared first on The AIM Network.

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Poll Bludger Sunday, January 13, 2019 - 06:03 Source

Prospects for the states' seat entitlements in the medium term, and the Coalition's chances of having any left to their name in Victoria after the coming election.

The post The age of entitlement appeared first on The Poll Bludger.

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Your Democracy Saturday, January 12, 2019 - 18:36 Source
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George Monbiot Saturday, January 12, 2019 - 01:12 Source

Pollution is now the biggest threat to children’s health. So why is it so neglected?

By George Monbiot, published in the Guardian 9th January 2019

 

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MacroBusiness Saturday, January 12, 2019 - 00:00 Source

Digital art by Joon Ahn Global Macro/Markets The Folly of Investment Platforms  – Bloomberg How the Fed Can Engineer a Soft Landing in the Economy – Bloomberg Recessions never happen when they’re expected, so investors should hold their nerve – SCMP World’s Oceans Are Warming Faster, Studies Show, Fueling Storms and Sea Rise – Insideclimatenews Americas Shutdown hits

The post Weekend Links 12-13 January 2019 appeared first on MacroBusiness.

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The Australian Independent Media Network Friday, January 11, 2019 - 20:41 Source

History, so goes the old saying, tends to repeat itself. But the tragedy unfolding in the Murray-Darling basin is unprecedented. This is new. You won’t find a parallel in the history books. It is a tragedy caused by human intervention. It is a tragedy caused by today’s governments trying to alter the course of nature.…

The post The true guardians of Australia appeared first on The AIM Network.

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MacroBusiness Friday, January 11, 2019 - 17:07 Source

A relatiovely positive session across stock markets in Asia today to finish the week, with the ASX200 the only laggard as the Australian dollar breaks through the 72 cent barrier against USD.  Chinese stocks are up slightly as the Yuan makes a near six month high against USD as the PBOC strengthens the local currency

The post Macro Afternoon appeared first on MacroBusiness.

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The Australian Independent Media Network Friday, January 11, 2019 - 15:04 Source

Most speak of floods in the age of climate change, when the cooked and the roasted take precedence over the snowed in and the freezing, and the parliaments of lost islands shall be convened in the sea. Comparatively cruel fates should never be entertained, but the difference here is worth noting. Flooded islands lost to…

The post Ice Matters: A Meditation on Snow appeared first on The AIM Network.

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The Australian Independent Media Network Friday, January 11, 2019 - 15:03 Source

Dear … I place this piece to you and your readers as a separate post as I am sure my too regular presence on your newer posts must by now be somewhat tiring to see … I apologise for my intrusion on your blog … It’s just that I am a chatty person … perhaps…

The post Letter to a friend appeared first on The AIM Network.

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MacroBusiness Friday, January 11, 2019 - 13:00 Source

by Chris Becker As we grind ever closer to the end of March, the no-deal/deal imbroglio within the UK Parliament over Brexit is devolving, with even Japanese PM Shinzo Abe putting his two bits in: The World does not want a no-deal Brexit, the Japanese Prime Minister said as he gave his “total support” to Theresa

The post Is the Brexit long tail wagging? appeared first on MacroBusiness.

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MacroBusiness Friday, January 11, 2019 - 12:43 Source

The Australian dollar popped and dropped on today’s Black Friday retail illusion. But the path of least resistance remains up: Bonds are consolidating: XJO is flat: Dalian too: Big iron is soft: Big gas still rising: Big gold is struggling at breakout levels. Goldman upgraded it today. Sell! Big banks are soft too: Big realty

The post Australian dollar pops and drops on retail illusion appeared first on MacroBusiness.

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MacroBusiness Friday, January 11, 2019 - 12:30 Source

Via The Guardian: The senior bureaucrat who reviewed building regulation for the New South Wales government has condemned the lack of action on his 2015 report, warning the defects in the Opal Tower at Sydney’s Olympic Park “are likely just the tip of the iceberg”. Michael Lambert, the former secretary of NSW Treasury, was commissioned

The post Opal Towers “tip of the iceberg” appeared first on MacroBusiness.

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MacroBusiness Friday, January 11, 2019 - 12:02 Source

By Leith van Onselen The Australian Bureau of Statistics (ABS) has released retail sales figures for the month of November, which recorded a 0.4% rise in retail sales over the month in seasonally-adjusted terms, with annual sales growth falling to 2.8%: In trend terms, annual retail sales growth was flat at 3.6%. The below chart

The post November retail sales juiced by Black Friday appeared first on MacroBusiness.

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MacroBusiness Friday, January 11, 2019 - 12:00 Source

Via The Australian: Unions will use a seven-day strike next week to intensify pressure on the Coalition and business over the “exploitation” of labour-hire workers, declaring public unrest at employer conduct will be a “vote-shifter” at the federal ­election. The Construction Forestry Maritime Mining and Energy Union yesterday revealed workers at the Wollongong Coal-owned Wongawilli

The post Unions attack the wrong wages crush appeared first on MacroBusiness.

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MacroBusiness Friday, January 11, 2019 - 11:30 Source

Via Damien Boey as Credit Suisse: In recent articles, we have talked about the tail risks from central bank balance sheet reduction globally. Overnight, we have seen central bankers wax and wane in their positions:   After suggesting recently that balance sheet reduction need not be on “auto-pilot”, Fed Chair Powell has come back saying that

The post Why is the market obsessed with quantitative tightening? appeared first on MacroBusiness.

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MacroBusiness Friday, January 11, 2019 - 11:17 Source

Drip, drip, drip: “The decision to increase interest rates is never easy. “We have absorbed higher funding costs for the last twelve months in order to delay the impact for our home loan customers. Unfortunately, funding costs remain high and are likely to remain elevated into the foreseeable future.” 20bps on front and back book.

The post Virgin hikes mortgage rates appeared first on MacroBusiness.

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MacroBusiness Friday, January 11, 2019 - 11:00 Source

by Chris Becker Thar she blows – it didn’t take long for the crypto “currency” to fail again with price dropping over $400 last night to match its Christmas low at $3700USD: The technicals remain crystal clear – an inability to get positive momentum (green line below), unassailable resistance overhead at ca. $4000-4100 (red trailing

The post Good luck picking a bottom in Bitcoin appeared first on MacroBusiness.

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xkcd.com Friday, January 11, 2019 - 11:00 Source

 After careful evaluation, we have determined that the axis label on this chart was printed backward.

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MacroBusiness Friday, January 11, 2019 - 10:46 Source

This time GAP: Shade cloths for housing. Rule number one of any profit warning is blame the weather. Of course it could never be this:

The post Another profit warning for housing appeared first on MacroBusiness.

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MacroBusiness Friday, January 11, 2019 - 10:30 Source

The Australian economy is stalling as its key drivers sputter. Fiscal investment is plateauing as infrastructure hits a air pocket, via ANZ: There was a significant pull forward last year: Dwelling construction is about to crash: As house price falls power down: Which is also killing consumption, via CBA: Business investment is OK but capex

The post What kind of fiscal stimulus should Treasury be readying? appeared first on MacroBusiness.

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MacroBusiness Friday, January 11, 2019 - 10:00 Source

Via COMMSEC:  CommSec Luxury Vehicle index: For around a decade, CommSec has been tracking an index of luxury vehicles. Changes at the ‘top-end’ of markets – vehicles, houses and other assets – have tended to lead activity more broadly. We update the latest trends in luxury vehicle sales.  Luxury vehicle sales: The CommSec

The post Luxury car sales swan dive appeared first on MacroBusiness.

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MacroBusiness Friday, January 11, 2019 - 09:31 Source

Iron ore prices for January 10, 2018: Nothing burger action again. Port Hedland December shipments rebounded strongly as BHP got its trains running again. But Q4 shipments were down 3% year on year which won’t help Q4 GDP.

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

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MacroBusiness Friday, January 11, 2019 - 09:30 Source

By Chris Becker After yesterday’s mixed session in Asia, equity markets tracked sideways for most of their respective sessions on both sides of the Atlantic overnight, with US stocks finally eking out a fifth in the row positive result. The USD rose against most of the majors, reversing its earlier week trend, although the Aussie

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Friday, January 11, 2019 - 09:00 Source

DXY was up overnight, CNY too but the EUR was hit: The Aussie dollar is everybody’s best friend now: EMs even more: Gold was hit: Oil soldiered on: But it faces a big problem in US reserve accumulation which is much higher year on year: Base metals are still telling the truth: Big miners fell:

The post Australian dollar powers on but for how long? appeared first on MacroBusiness.

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MacroBusiness Friday, January 11, 2019 - 08:30 Source

From the AIG: Australia’s next economic downturn has begun. Full report.

The post Construction PMI puke deepens appeared first on MacroBusiness.

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Your Democracy Friday, January 11, 2019 - 07:33 Source
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MacroBusiness Friday, January 11, 2019 - 00:20 Source

A recession election is coming. We may not be in an actual two quarter growth draw down by May but will feel like it and will likely to be happening in per capita terms. Here’s my best guess for where we’ll be at by May: How will this impact the election? The Coalition is planning

The post Which party will benefit from the recession election? appeared first on MacroBusiness.

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MacroBusiness Friday, January 11, 2019 - 00:15 Source

By Leith van Onselen In the week ended 10 January 2019, the CoreLogic 5-city daily dwelling price index, which covers the five major capital city markets, tanked another 0.26%: Values fell across all major markets: The quarterly decline has steepened to 2.98%, with Sydney, Melbourne and Perth suffering heavy losses: Over the past 12 months, home

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

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MacroBusiness Friday, January 11, 2019 - 00:00 Source

Global Macro/Markets No Bank Failures in 2018; First Time since 2006  – Calculated Risk Should You Fear the Yield Curve? – Wall Street Journal Delusions – The Reformed Broker Forecasting the Investing Habits of the Millennial Generation – Visual Capitalist Fitch sends U.S. triple-A rating warning – Reuters Americas A beefed-up White House legal team prepares aggressive defense of

The post Links 11 January 2019 appeared first on MacroBusiness.

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Peter Martin Thursday, January 10, 2019 - 20:26 Source

Brendan Coates, Grattan Institute Want more to retire on?In its long-awaited final report on the efficiency and competitiveness of Australia’s leaky superannuation system, Australia’s Productivity Commission provides a roadmap.Weeding out scores of persistently underperforming funds, clamping down on unwanted

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