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MacroBusiness Friday, May 29, 2020 - 16:12 Source

Via Ambrose Evans-Pritchard: The V-shaped recovery in East Asia is sadly no template for the blundering West. The near euphoric rally on global equity markets is based on a fundamental fallacy. Most of Europe and North America are not pursuing the policies that enabled China and the Pacific Rim – with big variations – to

The post AEP: No v-shaped recovery for the West appeared first on MacroBusiness.

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MacroBusiness Friday, May 29, 2020 - 16:03 Source

Via the ABC: SA Police has launched an investigation into a photo which purportedly shows one of its uniformed police officers supporting Hong Kong’s police force. The photo, which features in an International Police Association (IPA) magazine, defends the conduct of Hong Kong Police during the protests last year, despite claims from protesters that officers

The post SA policeman puts jackboot on Hong Kong appeared first on MacroBusiness.

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MacroBusiness Friday, May 29, 2020 - 16:00 Source

Via The Wire comes Steve Bannon: Q. On Thursday, Beijing announced that it was planning new national security laws that could give China’s leaders greater control over Hong Kong and undermine civil liberties in the semi-autonomous territory. This looks like a bold move by Xi Jinping and Beijing’s leaders aimed directly at anti-government protests and

The post Bannon: World must stop China in Hong Kong appeared first on MacroBusiness.

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MacroBusiness Friday, May 29, 2020 - 15:55 Source

Via the excellent Damien Boey at Credit Suisse: Credit growth surprises materially to the downside. Bank credit was unchanged in April, compared with the Consensus forecast for 0.6% monthly growth. Year-ended growth slowed to 3.6% from an upwardly revised 3.7%, versus expectations for a pick up to 4% . Compositionally, business and housing credit rose moderately, while personal credit fell. Arguably the

The post Aussie credit growth screams deleveraging appeared first on MacroBusiness.

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Renew Economy Friday, May 29, 2020 - 15:45 Source

angus taylor scott morrison - optimised investors consultationTaylor criticises other countries for setting ambitious emissions targets, while Australia bets on unspecified technology improvements to meet its own targets.

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Renew Economy Friday, May 29, 2020 - 15:21 Source

America's tumbling coal power consumption was surpassed by renewable energy in 2019, and wind power overtook hydro as the US biggest renewable power source.

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MacroBusiness Friday, May 29, 2020 - 15:00 Source

With social distancing likely to be the norm over the next two years, the notion of sardine-packing residents into trains, buses and trams is obviously no longer viable if Australia is to contain outbreaks of COVID-19. Indeed, a new Roy Morgan survey suggests Australia faces a dilemma: “continue working from home or return to work

The post Carmageddon awaits unless work from home continues appeared first on MacroBusiness.

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Renew Economy Friday, May 29, 2020 - 14:31 Source

A few tweaks to an old idea could stimulate investment in renewable energy zones and the electric "highways" needed to transport wind and solar.

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MacroBusiness Friday, May 29, 2020 - 14:30 Source

Bloody Switzer won’t leave poor Steven Keen alone: WATCH | SWITZER TV PROPERTY: “Dr Doom” Steve Keen and Tim Gurner join @PeterSwitzer on our latest property show.@ProfSteveKeen#Investing #Property #Economy #Money #Finance #HousePrices #RBA #COVID19 — Switzer (@Switzercomau) May 29, 2020 Roll out the housing bear to distract investors from this underperforming ETF:

The post Keen versus Gurner to distract Switzer investors appeared first on MacroBusiness.

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Renew Economy Friday, May 29, 2020 - 14:28 Source

Regional Queensland solar FiT gets marginal increase for 2020-21, driven by higher ancillary services fees and energy losses, which were mostly offset by a decline in wholesale energy costs.

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MacroBusiness Friday, May 29, 2020 - 14:00 Source

A Senate committee has been told that businesses and households have now deferred around $250 billion worth of loan repayments due to the coronavirus pandemic. However, Australian Prudential Regulation Authority (APRA) chairman Wayne Byres conceded that some customers will not be able to repay their loans when they are required to resume repayments: Australian Prudential

The post Mortgage repayment cliff beckons appeared first on MacroBusiness.

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Renew Economy Friday, May 29, 2020 - 13:43 Source

Zinc refinery and solar farm owner Sun Metals pans "system strength" rules, saying they are slow, ad hoc, lack transparency, add costs and discourage investment in large scale wind and solar.

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MacroBusiness Friday, May 29, 2020 - 13:30 Source

Average hours worked increased from 32.3 per week in April to 32.8 per week in May, according to a study by the Australian National University’s (ANU) Centre for Social Research and Methods. The increase followed the easing of COVID-19 restrictions and improved health results, with the study also finding that employment has levelled out at

The post ANU: Job and income losses halted, confidence rising appeared first on MacroBusiness.

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Renew Economy Friday, May 29, 2020 - 13:12 Source

Oil price crisis and its impact on US shale oil production is revealing where China and the US stand with their very different energy strategies.

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Renew Economy Friday, May 29, 2020 - 13:07 Source

Waste-to-energy waste garbage trash - optimised wasteThe ACT is set to ban waste incineration to energy projects, concluding the potential impacts to public health could not be justified.

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