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Renew Economy Friday, August 12, 2022 - 12:08 Source

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Renew Economy Friday, August 12, 2022 - 12:05 Source

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MacroBusiness Friday, August 12, 2022 - 12:00 Source

Details have emerged of a ‘grand bargain’ between business and unions that is likely to be struck at the federal government’s upcoming jobs and skills summit. It is expected to see migration boosted in the October budget to help fill urgent skill and labour shortfalls, in return for longer-term policies on training Australians: A grand

The post “Grand bargain” to open immigration floodgates appeared first on MacroBusiness.

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Renew Economy Friday, August 12, 2022 - 11:32 Source

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MacroBusiness Friday, August 12, 2022 - 11:30 Source

The equity market has now gotten so excited with its manic reflation that it is recreating the Fed’s inflation problem. Good job! The Market Ear has more on the wild sentiment swings. That went fast: being bearish is now finally contrarian In mid June we ran a series of thematic emails (premium subs only, sign

The post Bears are now contrarian! appeared first on MacroBusiness.

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Renew Economy Friday, August 12, 2022 - 11:27 Source

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MacroBusiness Friday, August 12, 2022 - 11:00 Source

By Gareth Aird, head of Australian economics at CBA: Key Points: Next week the ABS will publish the Q2 22 Wage Price Index (WPI – 17/8), and the July labour force survey (18/8). The semi-annual Average Weekly Earnings (AWEs) data will also be realised, though this tends to get less focus from market participants than

The post CBA: RBA to hike another 0.5% on strong labour data appeared first on MacroBusiness.

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MacroBusiness Friday, August 12, 2022 - 10:40 Source

Job ads have now peaked in the ANZ index, Seek index and Skilled Vacancies index. Yesterday, ABS Payrolls joined the great flame out: The declines were broad-based for the private setor: The jobs market has begun to soften just as Albo cowards prepare the smash wages: The Albanese government will boost migration at the October

The post Payrolls flame out appeared first on MacroBusiness.

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MacroBusiness Friday, August 12, 2022 - 10:20 Source

China groveling was a great Australian pastime until the late 20-teens. We all did it for the cash. But, most of us realised it wasn’t worth it some time in the late teens as parliament was overrun with bribes, Hong Kong was destroyed, and China occupied the South China Sea. Those that were left behind

The post Waleed Aly joins the China grovellers appeared first on MacroBusiness.

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Your Democracy Friday, August 12, 2022 - 10:20 Source

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MacroBusiness Friday, August 12, 2022 - 10:00 Source

The Housing Industry Association (HIA) has released new home sales data for the month of July, with sales plunging 13.1%: Commenting on the result, HIA Chief Economist Tim Reardon noted that the decline in sales reflects the impact of the recent increases in the cash rate by the Reserve Bank of Australia, with builders reporting

The post RBA rate hikes smash new home sales appeared first on MacroBusiness.

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xkcd.com Friday, August 12, 2022 - 10:00 Source

 At the Planck length, uncountably many.

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The Tally Room Friday, August 12, 2022 - 09:30 Source

The Victorian Electoral Commission has recently published a report laying out their estimates of the two-candidate-preferred margins in every electorate for the upcoming Victorian state election, after taking account of the redistribution.

I’ve previously published my own estimates, but I’m planning to substitute the VEC’s margins for my own. But before I do that I thought it would be interesting to compare the two estimates – while they aren’t the same, they are pretty similar.

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MacroBusiness Friday, August 12, 2022 - 09:30 Source

Goldman with the note. Bottom line: In its Q2 monetary policy report, the PBOC reiterated its accommodative stance by stating monetary policy would “step up support to the real economy” and focus on implementing the already-announced policy measures such as the RMB800bn and RMB300bn additional policy bank credit. The PBOC said policymakers would “strive to

The post China continues to understimulate appeared first on MacroBusiness.

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MacroBusiness Friday, August 12, 2022 - 09:30 Source

Risk markets were contained overnight with both European and US stocks unable to gain traction post the US CPI print in the previous session. The USD remains slightly weak against the major currencies with Euro holding on to its recent gains while the Australian dollar is at a two month high above the 71 cent

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Friday, August 12, 2022 - 09:00 Source

Albo’s cowards have leaked their grand plan for energy and it is more than a little ridiculous: Chris Bowen and state energy ministers will speed up the rollout of renewables, gas-proof Australia and minimise electricity market shocks under a national plan focused on slashing emissions. The strategy, expected to be signed off by energy ministers

The post Albo’s monkeys dance around gas cartel organ-grinder appeared first on MacroBusiness.

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Renew Economy Friday, August 12, 2022 - 07:09 Source

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MacroBusiness Friday, August 12, 2022 - 00:10 Source

Australia’s house price correction is accelerating, according to CoreLogic’s daily dwelling values index, which measures price changes across the five major capital city markets. In the week ended 11 August, dwelling values fell another 0.38% at the aggregate 5-City level – the 14th consecutive weekly decline: The decline was once again led by Sydney, where

The post Australian house prices plummet appeared first on MacroBusiness.

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MacroBusiness Friday, August 12, 2022 - 00:05 Source

A new survey of education agents by education company Navitas found that the top five factors influencing student choice of study destination globally are: cost of study, quality of education, access to post-study work rights, opportunities to work while studying, and opportunities for permanent migration. However, for students from South Asia and Sub-Saharan Africa, they

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MacroBusiness Friday, August 12, 2022 - 00:01 Source

Global Macro / Markets / Investing: JPMorgan Traders ‘Ripped Off’ Gold Market for Years, Jurors Told – Bloomberg Why Wages Should Keep up with Inflation: The Economic Case for Getting a Pay Rise – Byline Times Stocks surge as inflation finally cools off – CNN SpaceX denied nearly $900 million in broadband subsidies – CNN

The post Links 12 August 2022 appeared first on MacroBusiness.

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Renew Economy Thursday, August 11, 2022 - 21:27 Source

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MacroBusiness Thursday, August 11, 2022 - 17:00 Source

Asian stocks are in solid buying mode today as risk markets react positively to the “not too bad, all things considering” inflation print in the US overnight as Wall Street bounced nearly 2% dragging everything else higher as USD sunk. Yen remains strong while the Australian dollar is pushing up against the 71 cent level.

The post Macro Afternoon appeared first on MacroBusiness.

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John Quiggin Thursday, August 11, 2022 - 16:22 Source

We’ve long known the answer – and it’s time to clear the road My latest piece in The Conversation

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Your Democracy Thursday, August 11, 2022 - 15:26 Source

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Renew Economy Thursday, August 11, 2022 - 15:21 Source

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Renew Economy Thursday, August 11, 2022 - 15:16 Source

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Your Democracy Thursday, August 11, 2022 - 14:49 Source

How USyd funds gunboats, attack helicopters, heat-seeking missiles for US military

USyd’s $3.41 billion investment portfolio is linked to F-35 fighter planes, Patriot missile systems, Apache helicopters, Predator UAVs, and heat-seeking Javelin missile systems.

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Renew Economy Thursday, August 11, 2022 - 14:31 Source

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MacroBusiness Thursday, August 11, 2022 - 14:30 Source

At a headline level, Australian dividend yields look good. They paid out 4.5% last year, and are forecast to be 4.8% for next year. Well above global developed markets of a little more than 2%. But, as I showed with valuations last week, the story is more complicated under the surface. High Australian dividends are

The post The ASX dividend trap appeared first on MacroBusiness.

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Renew Economy Thursday, August 11, 2022 - 14:25 Source

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