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Renew Economy Friday, December 15, 2017 - 11:28 Source

As Australia's competition regulator and national consumer law champion, it beggars belief that the ACCC continues to pander to the gas cartel.

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Renew Economy Friday, December 15, 2017 - 11:25 Source

A 420MW unit at Liddell coal generator is out of action and won't be available for most of summer; a 700MW unit at Mt Piper also failed, and two other big coal units tripped in the first week of the summer heatwave.

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Renew Economy Friday, December 15, 2017 - 11:25 Source

A 420MW unit at Liddell coal generator is out of action and won't be available for most of summer, while a 700MW unit at Mt Piper coal generator has also been withdrawn due to tube leaks.

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MacroBusiness Friday, December 15, 2017 - 11:00 Source

Enjoy: ———————————————————————– David Llewellyn-Smith is chief strategist at the MB Fund which is currently long local bonds and international equities that offer superior growth and benefit from a falling AUD so he is definitely talking his book. Here’s the recent fund performance: Source: Linear, Factset The returns above include fees and trading costs on a

The post Webinar: Bitcoin or Bitcon? appeared first on MacroBusiness.

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xkcd.com Friday, December 15, 2017 - 11:00 Source

Of course, everyone has their own profile.</body></html>

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MacroBusiness Friday, December 15, 2017 - 10:47 Source

From Mr Joye today: After forecasting house price rises every year since 2013, I’m happy to double-down on our April 2017 call that the boom is over and project that prices will fall in 2018. …If our contrarian case for Australia’s jobless rate falling below 5 per cent in 2018 comes to pass (the RBA’s brighter boffins

The post Joye: House prices to fall in 2018 appeared first on MacroBusiness.

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MacroBusiness Friday, December 15, 2017 - 10:40 Source

One of our core investment themes is that international stocks are the best asset class for Australian investors at this point in the cycle. To date, this has been the right call, with our international portfolio increasing over 13% over the last 4 months on the back of a weak Australian dollar, favourable stock selection

The post MB Fund November performance (part 2) appeared first on MacroBusiness.

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MacroBusiness Friday, December 15, 2017 - 10:20 Source

Via the AFR: UK fixed-fee disruptor Purplebricks sold $1.1 billion of residential real estate – around 2200 homes – in its first 14 months of operations in Australia, the company has disclosed as part of its latest interim results. Revenue from its Australian business surged to £6.8 million ($11.9 million) for the six months ended October 31 – up from £400,000

The post Purple-bricks makes inroads appeared first on MacroBusiness.

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MacroBusiness Friday, December 15, 2017 - 09:50 Source

By Leith van Onselen A day after chief economist at Industry Super Australia, Stephen Anthony, penned an article projecting Budget deficits for the next decade and beyond, driven by publicly funded employment (disability support, education and health) and infrastructure investment, Westpac is still projecting a return to surplus by 2020-21. From The Australian: A budget

The post Budget’s return to surplus hope not fact appeared first on MacroBusiness.

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MacroBusiness Friday, December 15, 2017 - 09:00 Source

By Leith van Onselen Chief of Staff to former Prime Minister Tony Abbott, Peta Credlin, is the latest to question Australia’s mass immigration program, which flooded NSW (read Sydney) and VIC (read Melbourne) with a record 185,500 net overseas migrants (combined) in the year to June, further crush-loading our two biggest cities: Last night, Ms

The post Peta Credlin: Give us a national debate and vote on Australia’s population appeared first on MacroBusiness.

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MacroBusiness Friday, December 15, 2017 - 09:00 Source

By Chris Becker Volatility returns as US stocks selloff in the wake of the Republican defeat in Alabama, with increased pressure internally on the  GOP tax bill taking away the punch bowl just as the Fed raises rates. The ECB and BOE (and Swiss) had their interest rate meetings overnight as well with Mario Draghi

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Friday, December 15, 2017 - 08:17 Source

Ponzi Peter Martin is back with more: The Bureau of Statistics has produced some shockers – wildly inaccurate employment statistics it has had to disown. But not this time. An apparent employment surge in one month might be a statistical fluke, the result of a dodgy sample or flawed bad seasonal adjustment. But not a

The post Australia’s infernal perpertual growth machine appeared first on MacroBusiness.

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MacroBusiness Friday, December 15, 2017 - 08:16 Source

DXY firmed overnight: AUD surged on: It demolished EMs: Gold rose: Brent too: And base metals: But big miners fell: And EM stocks: Junk was OK: Treasuries were sold: Bunds too: Stocks fell: Four events of note. US retail sales boomed: Advance estimates of U.S. retail and food services sales for November 2017, adjusted for

The post BTFD US dip! appeared first on MacroBusiness.

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MacroBusiness Friday, December 15, 2017 - 07:26 Source

Black Hole Malcolm continues the Bennelong assault, via the AFR: Malcolm Turnbull has tried to blame Labor for an anti-Liberal backlash brewing among Bennelong’s Chinese-Australian community by claiming it was the Opposition which stirred the trouble. With the byelection on Saturday and polls showing Liberal candidate John Alexander a nose ahead of Labor’s Kristina Keneally,

The post What kind of economic damage will the Dastayari Affair do? appeared first on MacroBusiness.

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