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Renew Economy Thursday, August 11, 2022 - 14:18 Source

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Renew Economy Thursday, August 11, 2022 - 14:12 Source

State and federal energy ministers poised to put envir

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Renew Economy Thursday, August 11, 2022 - 14:03 Source

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MacroBusiness Thursday, August 11, 2022 - 14:00 Source

RPM Group’s latest Greenfield Market Report shows a sharp slump in house and land sales in Melbourne’s outer-suburban growth corridors. Specifically, lot sales fell 14% in the three months to June compared to the previous quarter, and were down 41% year-on-year. This was a bigger downturn than anticipated. However, the slump in sales has yet

The post Melbourne residential land sales bust appeared first on MacroBusiness.

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MacroBusiness Thursday, August 11, 2022 - 13:30 Source

Restaurant and Catering Australia (RCA) continues to pressure the Albanese Government to open the immigration floodgates to ease chronic labour shortages across the hospitality industry: The Restaurant and Catering industry Association says there are more than 900,000 visas waiting to be processed by the Australian government… [RCA CEO Belinda Clarke] – who met with the office

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The Australian Independent Media Network Thursday, August 11, 2022 - 13:21 Source

Climate Change Authority Media Release Released today, the Climate Change Authority’s Review of International Offsets finds the international carbon market is still evolving in response to the Paris Agreement and calls for publication of a National Carbon Market Strategy that makes the most of this opportunity for Australia to accelerate ambition on emissions reduction. The…

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MacroBusiness Thursday, August 11, 2022 - 13:00 Source

The PropTrack Listings Report for July has been released, which reveals that total stock on market has ballooned 4.9% compared to this time last year – “the largest year-on-year increase since 2010”. In particular, Sydney – which is leading the nation’s housing correction – recorded its largest ever year-on-year increase in total stock available, up

The post Aussie property listings swell as buyers go on strike appeared first on MacroBusiness.

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Your Democracy Thursday, August 11, 2022 - 12:47 Source

As Opposition Leader touring overseas, Anthony Albanese probably clicked on ABC Australia TV to kill time. If so his claim that ‘it’s a matter of national security that the ABC makes more content that projects Australian values and interests to the Indo-Pacific region’ sounds like despair driving action.

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

The Real Estate Institute of New Zealand (REINZ) has released its House Price Index (HPI) July, which registered a 1.4% decline over the month, a 4.9% fall over the quarter, and a 2.9% decrease year-on-year: The number of residential property sales also plummeted by 37% over the year to July. The next table shows that

The post New Zealand house prices collapse appeared first on MacroBusiness.

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MacroBusiness Thursday, August 11, 2022 - 12:05 Source

In this investment podcast, Nucleus Wealth Chief Investment Officer, Damien Klassen, Chief Strategist, David Lewellyn Smith, and Senior Financial Adviser, Samuel Kerr will review the unfolding energy crisis. We have discussed this in-depth and have been on point in regards to the issues and the solutions to date. Now that the ACCC has stepped in

The post MB Fund Podcast: Will Albo end the energy crisis? appeared first on MacroBusiness.

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

A disturbing stoush in the press today. Kevin Rudd: “Mr Dutton is the architect of what I would describe as Australia’s megaphone diplomacy towards Beijing,” Rudd said. “Has it solved any problems in terms of Australia’s long-term relationship with China? Not really. It was simply aimed, primarily, as a piece of domestic political posturing on

The post Rudd delusional as Dutton vindicated on China appeared first on MacroBusiness.

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Your Democracy Thursday, August 11, 2022 - 11:56 Source

By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered as follows:

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Renew Economy Thursday, August 11, 2022 - 11:54 Source

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

The ACTU’s submission to the upcoming Jobs & Skills Summit contains a bunch of interesting data showing how profits have boomed as Australian wages have busted. The submission shows that Australia’s Labour Compensation as a Share of GDP has fallen to its lowest level on record: As illustrated in Figure 3, the labour share of

The post How profits swallowed Aussie wages appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, August 11, 2022 - 11:00 Source

Cambodia has often featured in the Western imagination as a place of plunder and pilfering. Temples and artefacts of exquisite beauty have exercised the interest of adventurers and buccaneers who looted with almost kleptocratic tendency. In 1924, the French novelist and future statesman André Malraux, proved himself one of Europe’s greatest adventurers in making off…

The post A Looting Matter: Cambodia’s Stolen Antiquities appeared first on The AIM Network.

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

Multi-billionaire apartment developer, “Highrise” Harry Triguboff, has ordered the federal government to open the immigration floodgates in order to fill his apartments and “boost prices” and rents: The apartment tycoon has… stepped up his calls on the federal government to bring in more immigrants saying Chinese buyers had helped boost prices for his Meriton apartments

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The Australian Independent Media Network Thursday, August 11, 2022 - 10:49 Source

If we attempt to compare Aboriginal land use with that of the early settlers, we should broaden the meaning of ‘land use’. We should move away from the narrow European notion of agriculture and horticulture, to one which includes religious and cultural associations with the land, and one which allows the skills and the bounty…

The post Indigenous Australians know this land, and how to use it appeared first on The AIM Network.

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MacroBusiness Thursday, August 11, 2022 - 10:40 Source

The ferrous complex was soft on August 10, 2022: The bears are gathering: Iron ore prices will continue to face headwinds into the year-end, according to Morgan Stanley, as hopes of an imminent recovery in Chinese steel demand fade and signs of an oversupplied market emerge. …“We see little reason to be bullish on iron

The post Daily iron ore price update (more bears) appeared first on MacroBusiness.

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MacroBusiness Thursday, August 11, 2022 - 10:22 Source

The Market Ear with a nice summation of the crash in risk and crash-up in equities. Bear market blow-off time. VIX – welcome to inverse panic We are finally reaching the volatility puke we have been writing about for the past two weeks. VIX has not closed here in a long time. Reversal strategists are

The post Markets price out risk appeared first on MacroBusiness.

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MacroBusiness Thursday, August 11, 2022 - 10:00 Source

Pantheon with the details of Chinese inflation. I expect deep deflation from the PPI in 2023 as trade margins collapse with demand as well.  ————————————————————————————————– China: CPI inflation rose to 2.7% y/y in July, from 2.5% in June.  Consensus was 2.9%. China: PPI inflation fell to 4.2% in July, from 6.1% in June.  Consensus was

The post China’s deflation tsunami breaks appeared first on MacroBusiness.

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MacroBusiness Thursday, August 11, 2022 - 09:30 Source

Risk sentiment reversed sharply on the “not too bad” inflation data from the US overnight, with Wall Street rallying at least 2% as the USD was sold off against the major currencies, with the Dollar Index down over 1%. The Australian dollar launched straight into the high 70’s as a result with stock futures suggesting

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Thursday, August 11, 2022 - 09:00 Source

Albo’s energy shock rolls on today with some easing in the gas price to $16.50Gj easing power prices as well: Meanwhile, Labor’s Mad King is busy pimping the openly criminal gas cartel: Resources Minister Madeleine King will issue a full-throated defence of coal, gas and other minerals in keeping the economy going as Australia and

The post Are Albo’s cowards capable of defending Australians at all? appeared first on MacroBusiness.

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Your Democracy Thursday, August 11, 2022 - 07:45 Source

Nothing exemplifies the loss of national sovereignty, and the abandonment of strategic autonomy, like handing the war decision over to the US. The submarine issue is simply a blind. AUKUS is just a distraction.

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Your Democracy Thursday, August 11, 2022 - 07:07 Source

US senators battle over who can get pregnant

All Democrats voted in unison against an amendment defining pregnancy as occurring only in biological women

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Your Democracy Thursday, August 11, 2022 - 06:55 Source

Freedom of thought and freedom of speech only exist on the fringes of Western society, in such small numbers that they make no difference.

 

By Caitlin JohnstoneCaitlinJohnstone.com

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Your Democracy Thursday, August 11, 2022 - 06:42 Source

Foreign Minister Sergey Lavrov will lead the Russian delegation to the UN General Assembly, scheduled for the end of September in New York, the Kremlin announced on Monday. President Vladimir Putin does not intend to travel to the UNGA or even address the event online. It is unclear whether the US will allow Lavrov and another member of the delegation to enter the country, even for the UN event.

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MacroBusiness Thursday, August 11, 2022 - 06:00 Source

DXY broke lower last night and EUR broke higher AUD catapulted higher: Oil firmed: Metals too: And miners: Plus EM stocks: Junk was relatively subdued: So were Treasuries but the curve steepened: Stocks were in heaven: BofA wraps the cause: Headline CPI prices were flat (-0.02%unrounded) in July, compared to consensus expectations of a 0.2%

The post Australian dollar electric shocked higher appeared first on MacroBusiness.

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George Monbiot Thursday, August 11, 2022 - 00:44 Source

Low Traffic Neighbourhoods transform people’s lives and rebuild community. Resist the angry men trying to destroy them.

By George Monbiot, published in the Guardian 3rd August 2022

It reminds me of the school board controversies in the United States. A small group of furious men, whipped up by the media and opportunist politicians, are seeking to turn quiet, practical attempts to protect local people into full-blown culture wars. The further from reality their beliefs diverge, the readier they are to resort to vandalism and violence.

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MacroBusiness Thursday, August 11, 2022 - 00:10 Source

Comparison site Finder estimates that the average mortgage interest rate would rise to 5.85% if the official cash rate (OCR) reaches 2.5%. Finder’s Richard Whitten says recent home buyers, in particular, will struggle to make mortgage repayments if the cash rate continues to rise. A survey by Finder has found that one in five people

The post Mortgage bomb detonates forced sales appeared first on MacroBusiness.

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MacroBusiness Thursday, August 11, 2022 - 00:05 Source

Deloitte’s weekly economics briefing notes that the housing market is becoming a key driver of Australia’s inflationary pressures: Housing was one of the key contributors to the latest CPI reading (alongside transport and household goods), growing 9.0% through the year to June. A key driver behind the growth was the jump in new dwelling prices,

The post Housing bottlenecks drive massive inflationary shock appeared first on MacroBusiness.

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