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MacroBusiness Saturday, August 8, 2020 - 00:02 Source

Koki Bay, William Dobell, 1951, Art Gallery of NSW   Macro & Markets Dollar slump lifts U.S. bond returns for foreigners – Reuters Dollar most oversold in 40 years, says Morgan Stanley; exits short position – Reuters This ‘dire’ economic situation ‘deserves to be called a depression — a pandemic depression’ – MarketWatch US, China

The post Weekend Links: 8-9 August 2020 appeared first on MacroBusiness.

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Club Troppo Friday, August 7, 2020 - 22:21 Source

Suppose you agree with me that containment and elimination strategies pursued regarding Covid-19 do far more harm than good. Suppose you also believe that having an open economy and a vibrant close-contact social life is vital for the long-run health of the country. You want to know how to convince the general public who currently support extended lock downs and social distancing measures. And you have quite a bit of money to spend on the issue.

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Digitopoly Friday, August 7, 2020 - 21:14 Source

I have started a new email newsletter, Plugging the Gap, that looks at economics and Covid-19. Here is today’s post which overlaps with usual Digitopoly fodder. You can subscribe here.

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Renew Economy Friday, August 7, 2020 - 15:55 Source

Wind Farm Western Australia macquarie pipeline - optimisedW.A. energy minister Bill Johnston and a panel of experts join the Energy Insiders podcast to discuss the conversion of miners to wind and solar, and plans for the state’s main grid.

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MacroBusiness Friday, August 7, 2020 - 15:30 Source

by Chris Becker Risk is taking a nosedive going into the afternoon session here in Asia in the wake of Trump’s executive order around another Chinese app, with USD coming back against most of the undollars and stock markets getting very nervous before tonight’s US unemployment print (NFP). Gold has surrounded some ground from its

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Friday, August 7, 2020 - 15:20 Source

Q CELLS has signed an agreement to purchase a 100% stake in Geli, a leading energy storage solutions and software provider.

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Renew Economy Friday, August 7, 2020 - 15:15 Source

Federal government calls for expressions of interest to build a 1MW grid-connected solar farm on Christmas Island.

The post Morrison government tenders for 1MW solar farm on Christmas Island appeared first on RenewEconomy.

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MacroBusiness Friday, August 7, 2020 - 15:00 Source

Via Calculated Risk: On Friday at 8:30 AM ET, the BLS will release the employment report for July. The consensus is for an increase of 1.58 million non-farm payroll jobs (+1.47 million private sector), and for the unemployment rate to decrease to 10.5%. The usual indicators are somewhat useless again this month due to the

The post US jobs preview appeared first on MacroBusiness.

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MacroBusiness Friday, August 7, 2020 - 14:40 Source

CoreLogic’s head of research, Eliza Owen, has done a good job explaining why Melbourne dwelling values are falling at a much faster pace than the rest of the nation: Melbourne has so far seen the largest cumulative declines in property values since March (3.5%). This was led by a 5.2% decline across the Inner East

The post Why Melbourne property prices will plummet appeared first on MacroBusiness.

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MacroBusiness Friday, August 7, 2020 - 14:20 Source

Good work from Chris Joye today: One significant concern relates to record unofficial arrears in illiquid and subordinated bonds comprising “securitised” portfolios of Australian home loans, SME loans and consumer loans that are packaged up and sold to investors through residential mortgage-backed securities (RMBS) and asset-backed securities (ABS). We are particularly anxious about RMBS and

The post Joye: Default tsunami coming in March appeared first on MacroBusiness.

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The Australian Independent Media Network Friday, August 7, 2020 - 14:12 Source

When US President Harry S. Truman made the decision to drop the atomic bomb on Hiroshima on August 6, 1945, followed by another on Nagasaki a few days later, he was not acting as an agent untethered from history. In the wheels of his wearied mind lay the battered Marines who, despite being victorious, had…

The post Death From the Sky: Hiroshima and Normalised Atrocities appeared first on The AIM Network.

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Renew Economy Friday, August 7, 2020 - 14:04 Source

International Energy Agency-led study finds "worst-case scenario" of improper disposal of used solar panels would present no significant risk to human health. But don't do it!

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MacroBusiness Friday, August 7, 2020 - 14:00 Source

Locally owned video-on-demand streaming service, Stan, is an Australian success story. Since its formation in 2014 as a joint venture between Fairfax Media and Nine Entertainment, Stan has enjoyed strong growth. It reached 4.4 million subscribers as at May 2020, according to Roy Morgan, and is quickly catching up to local stalwart Foxtel: Despite this

The post Can Stan survive in Australia’s crowded streaming market? appeared first on MacroBusiness.

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Renew Economy Friday, August 7, 2020 - 13:59 Source

Australia's biggest clean energy industry event, All-Energy Australia 2020, has been cancelled as the second wave of the Covid-19 pandemic takes hold in Victoria.

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MacroBusiness Friday, August 7, 2020 - 13:40 Source

CoreLogic has released its final auction results for the week, with the clearance rate continuing to trend lower after bouncing following the first lockdown:   According to CoreLogic: Last week saw the final weighted average clearance rate improve across a lower volume of auctions and fewer withdrawn auctions. There were 1,154 capital city homes scheduled

The post Auction market continues fade out appeared first on MacroBusiness.

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Renew Economy Friday, August 7, 2020 - 13:29 Source

Former ALP Prime Ministers Rudd, Gillard and Keating at 2019 ALP Campaign LaunchMarking ten years since agreeement on carbon price, former PM Julia Gillard says its short lived success could be a source of optimism.

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MacroBusiness Friday, August 7, 2020 - 13:20 Source

The New South Wales Civil & Administrative Tribunal ruled in 2019 that the cladding on four apartment towers in Ryde should be replaced. The tribunal concluded that the timber-PVC Biowood cladding used in the construction of the four buildings was combustible, represented an undue risk of fire spreading and needed to be replaced. Apartment owners

The post Apartment owners strike back over flammable cladding appeared first on MacroBusiness.

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MacroBusiness Friday, August 7, 2020 - 13:00 Source

Workers in outer suburban areas are saving thousands of dollars in commuting costs by Melbourne’s working from home (WFH) rules: Sandra Steven’s family has had four people working or studying from home during the COVID-19 pandemic, but she says that has been more relaxing than her usual long commutes to work from Melbourne’s outer south-east.

The post Working from home saves households thousands of dollars appeared first on MacroBusiness.

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MacroBusiness Friday, August 7, 2020 - 12:56 Source

Victoria has recorded another 450 COVID-19 infections alongside another 11 deaths: NSW, by contrast, recorded only 11 new infections and continues to do a far better job containing the outbreak: Victoria has 7,637 active COVID-19 infections, 96.1% of the nation’s total. By contrast, NSW has 274 active cases, 3.5% of the nation’s total: Victoria has

The post VIC records another 450 COVID-19 infections vs NSW’s 11 appeared first on MacroBusiness.

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MacroBusiness Friday, August 7, 2020 - 12:40 Source

Via Bloomie: With no imminent end to collapsing real yields – which just hit a new record low -1.10%, the side effects of financial repression warn of stagflation, asset bubbles and policy impotence. Fresh lows for U.S. 10-year real yields this week show a trap door opened by growing economic angst, climbing inflation expectations and

The post More gold bullishness appeared first on MacroBusiness.

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MacroBusiness Friday, August 7, 2020 - 12:20 Source

One of the biggest changes witnessed across the Australian labour market has been the strong growth of jobs in the Healthcare & Social Assistance sector, which expanded by a whopping 640,000 jobs since the Global Financial Crisis: Increasing its share of Australian jobs from around 10% to more than 14%: Seek has released a new

The post Australia’s bedpan economy revealed appeared first on MacroBusiness.

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Your Democracy Friday, August 7, 2020 - 12:12 Source

treasurer...

The chief of staff for New South Wales Treasurer Dominic Perrotet has resigned.

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MacroBusiness Friday, August 7, 2020 - 12:00 Source

CBA’s head of Australian economics, Gareth Aird, forecasts that Australia’s unemployment rate will lift to 7.9% in July despite regaining 50,000 jobs: We expect employment to rise by 50k in July. We expect the unemployment rate to lift to 7.9% on a 0.5ppt rise in the participation to 64.5%. We do not expect the reported

The post CBA: Australia to regain 50,000 jobs in July appeared first on MacroBusiness.

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MacroBusiness Friday, August 7, 2020 - 12:00 Source

Here it is from Luci Ellis as she spruiks the new dart-throwing forecast: Closure of international borders to most movements of people is affecting Australia’s international trade and will continue to do so over the forecast period. International tourism will be infeasible until borders reopen, and will probably only recover slowly. This will affect both

The post The trivial detail upon which Lunatic RBA optimism hangs appeared first on MacroBusiness.

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MacroBusiness Friday, August 7, 2020 - 11:44 Source

The new SoMP: During the first half of the year, the COVID-19 pandemic led to the most severe contraction in global and domestic economic activity in decades. Since around May, economic conditions have started to recover as containment measures have been eased and fiscal and monetary policies have provided significant support. But a high degree of

The post Lunatic, blindfolded RBA throws dart at forecast appeared first on MacroBusiness.

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The Tally Room Friday, August 7, 2020 - 11:41 Source

Nominations closed yesterday for the upcoming Northern Territory election. 115 candidates have nominated, with three parties running in most seats. I’ve put together a dataset with all the candidates, and some analysis on who is running, and where.

The incumbent Labor Party is running candidates in all 25 seats, and they are the only party to run in every seat. The opposition Country Liberal Party is running 24 seats, but is sitting out the race in Mulka in the remote north-east of the territory.

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MacroBusiness Friday, August 7, 2020 - 11:40 Source

The Grattan Institute has shot down Paul Keating’s, Labor’s, and the superannuation industry’s incessant scaremongering over the Morrison Government’s early superannuation release policy, claiming that it will only reduce retirement incomes by around 1% for the typical worker: Policy makers can only justify forcibly lowering someone’s living standards during their working life – by lifting

The post Early superannuation release no disaster for retirement incomes appeared first on MacroBusiness.

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Renew Economy Friday, August 7, 2020 - 11:29 Source

NSW government RCEP community energy solar farm - optimisedEngie deploys an innovative PPA to cut energy costs and emissions with solar power, in a deal with resources company Weir Minerals.

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Renew Economy Friday, August 7, 2020 - 11:26 Source

coalWorld’s largest privately owned coal company finally acknowledges a long-apparent reality: Thermal coal mines in US have little value and not much of a future.

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Renew Economy Friday, August 7, 2020 - 11:23 Source

origin energy smart ev all electric vehicle charging MIT plug car - optimised 1Origin Energy gets ARENA support for 'smart charger' trial, to allow energy companies to remotely monitor and optimise EV charging.

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