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MacroBusiness Tuesday, June 2, 2020 - 12:00 Source

AMP Capital chief economist, Shane Oliver, has trimmed his forecast for Australian dwelling value declines, now predicting falls of between 5% and 10%: Key Points: Australia capital city home prices fell -0.5% in May. Significant policy support & the earlier reopening of the economy have made our worst-case scenario for a 20% decline in average

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MacroBusiness Tuesday, June 2, 2020 - 11:46 Source

Within today’s dump of balance of payments data that feeds into tomorrow’s March quarter national accounts release was the important news that Australia’s terms-of-trade unexpectedly surged by 2.9% in seasonally adjusted terms. This result was unexpected because it contradicted both the RBA’s index of commodity prices, which fell by 2.3% over the March quarter: As

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MacroBusiness Tuesday, June 2, 2020 - 11:40 Source

Bill Evans from Westpac trying give himself a new purpose:  

The post Bill Evans: Cut interest rates negative appeared first on MacroBusiness.

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Renew Economy Tuesday, June 2, 2020 - 11:28 Source

Australians have led the world in solar installations on their rooftops, but lag way behind in terms of what they do under the roof. And it's costing them dearly.

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MacroBusiness Tuesday, June 2, 2020 - 11:20 Source

If America were a society of browbeaten conformists like Australia then riots would unquestionably favour the opposition. But will it be so in a state defined by personal power? Recent polling has Biden with a comfortable lead as Trump slides on the COVID-19 policy disaster: But the lead is far from huge. Trump is actually

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MacroBusiness Tuesday, June 2, 2020 - 11:17 Source

Via the AFR: [6%] is the amount by which analysts expect Wall Street’s earnings per share to fall in the fourth quarter of 2020 from a year earlier. …“I don’t know whether investors believe the forecasts they are looking at. I don’t know how long it’s going to take it for the market to wake

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MacroBusiness Tuesday, June 2, 2020 - 11:00 Source

Via The Australian: A long-serving Andrews government staffer with links to the highest levels of the Chinese Communist Party’s United Front Work Department has posted a series of articles and videos on social media suggesting coronavirus was created by the US and transported to China by the US Army. The comments from Nancy Yang, who

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Renew Economy Tuesday, June 2, 2020 - 10:42 Source

Two old fossils put the case for dirty, old, and incumbent technologies. Three smart women argued environmental, economic and engineering case for a clean energy transition.

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MacroBusiness Tuesday, June 2, 2020 - 10:40 Source

Via the AFR: Grants to stimulate the residential construction sector will be means-tested to include upper-middle-income singles and couples, and will be in place for only a short period to try to avoid causing a blowout in house prices. The construction package, to be signed off on Tuesday by the expenditure review committee, is one

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Prosper Australia Tuesday, June 2, 2020 - 10:29 Source

Renegade Economists Show 584 As broadcast on the 3CR airwaves 6 – 6.30pm on the fourth Wednesday of the month. Subscribe to the monthly podcast. Please support 3CR’s annual subcriber drive, on now. Show Notes Based on our recent event Airlines, Highways and Airwaves, Prosper Policy Director Jesse Hermans joins Karl Fitzgerald to discuss the […]

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MacroBusiness Tuesday, June 2, 2020 - 10:20 Source

PwC partner Stephen Longley expects a surge in retail collapses once the federal government’s JobKeeper wage subsidy scheme ends in late September. Longley has been appointed administrator of retailer PAS Group, which went into voluntary administration on 29 May. Meanwhile, KPMG restructuring partner James Stewart forecasts the use of what he terms ‘tactical’ administrations, whereby

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MacroBusiness Tuesday, June 2, 2020 - 10:00 Source

Abul Rizvi, former Deputy Secretary of the Department of Immigration and one of the architects of Australia’s faux ‘skilled’ migration program, continues to shill for a ‘Big Australia’, this time arguing that the nation faces an ageing population and a decline in the birth rate if restrictions on overseas migration are not eased: A slump

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Your Democracy Tuesday, June 2, 2020 - 09:41 Source

games

The US President Donald Trump has been rushed to an underground safety bunker as violent protests raged outside the White House.

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MacroBusiness Tuesday, June 2, 2020 - 09:38 Source

ANZ-Roy Morgan Australian Consumer Confidence gains for the 9th week in a row, with the ‘current economic conditions’ sub-index up 15.7%. pic.twitter.com/zZ1bcDjrWH — ANZ_Research (@ANZ_Research) June 1, 2020

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MacroBusiness Tuesday, June 2, 2020 - 09:30 Source

By Chris Becker  Stock markets continue to diverge from economic reality with Wall Street lifting higher despite rising civil unrest and growing tensions with China over Hong Kong and other trade disputes. The latest ISM manufacturing survey had some glimmer of hope within but still showed extremely weak conditions across the US as unemployment ravages

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