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RIO slows on fatality

October 16, 2018 - 10:08 -- Admin

Via RIO: Not rally market moving. Still on track for guidance.

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Of course the US dollar is going to tumble

October 16, 2018 - 10:00 -- Admin

Via Bloomie: Ulf Lindahl, chief executive officer of AG Bisset Associates, predicts the dollar will plunge about 40 per cent against the euro by 2024. The currency manager’s reasoning is straightforward-since the 1970s, the dollar has been repeating a 15-year cycle of losses and gains, and the pattern is replaying now. To some, Lindahl’s call

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Ken Henry’s NAB deepens the APRA swamp

October 16, 2018 - 09:45 -- Admin

It’s both riveting and horrible watching the major bank’s abort the next round of regulatory reform before it is even born, from The Australian: The word on the street is that Jacinta Ellis, a 12-year APRA veteran and a senior manager in the legal group, has defected to National Australia Bank, taking up a regulatory affairs

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I’ll see your climate change and raise you a Jerusalem

October 16, 2018 - 09:30 -- Admin

Australia’s dangerous politics of symbolism rolls on today. At The Guardian Wentworth is all about climate change: The bricklayer can be sued and even jailed. If a doctor finds some old packets of thalidomide in their surgery and, in spite of the overwhelming scientific evidence of its horrific effects, dispenses it to pregnant women, they

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ABC 7.30 Report population special (Part 1)

October 16, 2018 - 09:15 -- Admin

By Leith van Onselen ABC 7.30 Report last night aired part one of its three-part population special, which included me as the economist. While I will reserve judgement until the final two-parts have been aired, my initial gut reaction is disappointing. The main problem I see with it so far is the ABC has inferred

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Daily iron ore price update (flame out)

October 16, 2018 - 09:00 -- Admin

Iron ore prices for October 15, 2018: Spot eased. Paper fell more. Steel is up again. I still see the complex falling through the end of the year and into Q1 before a solid 2019.

The post Daily iron ore price update (flame out) appeared first on MacroBusiness.

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Macro Morning

October 16, 2018 - 08:30 -- Admin

By Chris Becker Equity markets are still feeling the pressure with US stocks slipping following what looked like a positive session and rebound in Europe. The USD remains under a cloud as well with the antipodean currencies lifting in the wake of a lower than expected advanced retail sales print. Treasuries were largely unchanged and

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Volatility persists in global stocks

October 16, 2018 - 07:47 -- Admin

DXY was down overnight with CNY and EUR up: AUD was up modestly against DMs: But could not match EMs: Gold rallied again: Oil held on: Base metals fell: But miners rose: EM stocks fell: But junk rallied: As Treasuries were bought: And bunds: Even Italy a bit: Stocks fell moderately: Westpac has the wrap:

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Unsold properties pile up

October 16, 2018 - 00:16 -- Admin

From CoreLogic comes weekly indices that look ugly for property. Unsold listings are piling up: Leading mortgages are falling down: And auction clearance patterns remain poor with Sydney’s mortgage belt pain intensifying while Melbourne just falls everywhere: There is nothing but more pain here.

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