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MacroBusiness Monday, December 18, 2017 - 17:31 Source

by Chris Becker Here comes the Santa rally with all markets outside China putting on gains in response to growing certainty surrounding the US tax cuts that should pass mid-week. Bitcoin continues to make new highs while “real” currencies like Aussie and Yen were essentially unchanged following the weekend gap. In mainland China the Shanghai

The post Macro Afternoon appeared first on MacroBusiness.

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Inside Story Monday, December 18, 2017 - 15:33 Source

The recent award of the Prime Minister’s Prize for fiction to Ryan O’Neill’s Their Brilliant Careers: The Fantastic Lives of Sixteen Extraordinary Australian Writers came as a surprise — not because the novel isn’t clever and well-written, but because it is directed at literary readers, at the kind of people who know their literary history and can enjoy the book’s jokes about Australian writers’ lives.

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The Australian Independent Media Network Monday, December 18, 2017 - 14:52 Source

Scott Morrison’s MYEFO released today and his speech outlining his government’s “achievements” leaves one breathless for its ignorance, its deception and his own arrogance. Morrison’s ability to waffle and sound convincing knows no bounds, yet he speaks such rubbish in macroeconomic terms, that he drags the rest of us down with him. A terrible deception…

The post How MYEFO masks Deception and Ignorance appeared first on The AIM Network.

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Renew Economy Monday, December 18, 2017 - 14:38 Source

Australia’s current gas network could – and should – be decarbonised by 2050, through combination of renewables generated hydrogen fuel, biogas, and CCS.

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MacroBusiness Monday, December 18, 2017 - 14:12 Source

La Trobe Financial, which is an Australian lender specialising in non-conforming loans (i.e. if you are too risky for the big banks, you go to La Trobe) has decided that its time to cash in its chips (via the Financial Standard): Melbourne-based La Trobe Financial, one of the largest non-bank lenders in the country, struck

The post Another real estate insider taps out at the top appeared first on MacroBusiness.

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MacroBusiness Monday, December 18, 2017 - 13:40 Source

CoreLogic’s weekly property vitals are out. The leading mortgage index continues to show a faint pulse: However, it remains down sharply year-on-year. Listings are up sharply year-on-year in Sydney: Whereas property prices continue to slide: Full report here.

The post Sydney property listings up 22% year-on-year appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, December 18, 2017 - 13:36 Source

For those who may be watching the ABC to get updates on the Mid Year Economic and Fiscal Outlook, don’t bother. The first thing I saw was a large banner on the bottom of the screen: “Australia scheduled to be out of debt by 2021” For those more interested in the truth, MYEFO actually says…

The post ABC opts for Murdoch misinformation on MYEFO appeared first on The AIM Network.

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Renew Economy Monday, December 18, 2017 - 13:17 Source

AEMC admits rises in consumer bills this year should be reversed in the next couple of years. ... thanks to solar and wind. But it still seeks to paint "intermittent" renewables in their worst possible light.

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Renew Economy Monday, December 18, 2017 - 13:17 Source

AEMC admits rises in consumer bills this year should be reversed in the next couple of years. ... thanks to solar and wind. But it still seeks to paint "intermittent" renewables in their worst possible light.

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Skepticlawyer Monday, December 18, 2017 - 13:07 Source

This very short post by philosopher Stephen Hicks states that:

*Metaphysically*, philosophy was born with Thales and the Milesians. *Epistemologically*, it was born with Parmenides and the Eleatics.

The Milesian school began around 600 BCE on the coast of Asia minor. The Eleatic school began around 500 BCE about 1100 kilometers west in the southern Italian peninsula.

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MacroBusiness Monday, December 18, 2017 - 13:05 Source

By Leith van Onselen In early 2003, I joined the Australian Treasury where I was immediately introduced to the Department’s “Three P’s” framework, which effectively argued that Australia needed to: 1) boost productivity; 2) raise workforce participation; and 3) increase the population via skilled migration, if the nation was to continue to enjoy rising living

The post Aussies plan to work longer than ever before appeared first on MacroBusiness.

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Renew Economy Monday, December 18, 2017 - 12:30 Source

Grid reliability and flexibility in the NEM would be much of an issue for the next few years except for the fact that the coal generation fleet is getting very old.

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Inside Story Monday, December 18, 2017 - 12:05 Source

In late 2015, during the dying weeks of Tony Abbott’s prime ministership, consumers of Australian politics were treated to a bizarre spectacle. The death of West Australian MP Don Randall had triggered a by-election in the electorate of Canning, and the contest quickly became a test of Abbott’s leadership. Just why was never really explained — the government enjoyed a thirty-seat majority, and one loss would barely have dented it — but through the whispers and backgrounding and commentator-nodding, Canning snowballed to “crucial” status.

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MacroBusiness Monday, December 18, 2017 - 11:56 Source

By Leith van Onselen The Australian Bureau of Statistics (ABS) today released new motor vehicle sales for the month of November, which registered a 0.1% seasonally adjusted increase in the number of sales over the month and a 2.1% increase over the year: Four jurisdictions reported seasonally adjusted increases in new car sales in November

The post New car sales continue to trend lower appeared first on MacroBusiness.

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MacroBusiness Monday, December 18, 2017 - 11:10 Source

Here’s an excellent dissection of the Australian economy by Westpac chief economist, Bill Evans: As we contemplate 2018 and 2019 there are a number of key themes that we believe will dominate economic and market developments. Our advice to customers throughout 2017 has been to expect Australia’s growth rate to be anchored below trend in

The post Bill Evans: Soggy economic outlook means rates on hold. China key risk appeared first on MacroBusiness.

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