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MacroBusiness Wednesday, September 22, 2021 - 09:38 Source

I just sat through it. First of my life. Thought the house was coming down: Expecting locusts to fly over the ridge any moment…

The post Plague, riots and now Melbourne has an earthquake appeared first on MacroBusiness.

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MacroBusiness Wednesday, September 22, 2021 - 09:30 Source

TS Lombard has a crack: The path from last year’s growth slump back to economic normalization is becoming increasingly bumpy. On top of Xi Jinping’s “common prosperity” drive and crackdown on internet platform firms, Covid’s Delta variant and the impending fall of the property behemoth Evergrande are new upsets. Under China’s “zero-tolerance” policy on controlling

The post Evergrande contagion “contained so far” appeared first on MacroBusiness.

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Renew Economy Wednesday, September 22, 2021 - 09:05 Source

Edify wins planning approval for 1GW green hydrogen project, including large scale and behind the meter solar and storage, in new eco industrial precinct.

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MacroBusiness Wednesday, September 22, 2021 - 09:00 Source

Forex markets reversed last night as DXY eased but AUD fell. EUR was stable: The Australian dollar was weak across the board: Oil and gold firmed: But base metals struggled. Copper has formed a bearish descending triangle pattern. I expect it to follow iron ore in due course: Miners tried: EM stocks too: And junk

The post Australian dollar whacked as markets dead cat bounce appeared first on MacroBusiness.

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MacroBusiness Wednesday, September 22, 2021 - 08:30 Source

Its pussy galore following the recent selloff’s on stock markets with dead cats bouncing all over the place overnight. Wall Street “steadied” by trying to recover the previous loss after a proper bounce on European equities as we head into the next FOMC meeting with Fed tapering fears still overwhelming risk sentiment. The USD was

The post Macro Morning appeared first on MacroBusiness.

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Cheeseburger Gothic Wednesday, September 22, 2021 - 07:04 Source

Cleaning out my notebook yesterday and came across this old LA Times bit about Big ‘L’ literature guy Ian McEwan helping his kid write a high school essay on a book by… Ian McEwan.

"Compelled to read his dad’s book — imagine. Poor guy," McEwan said. "I confess I did give him a tutorial and told him what he should consider."

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Your Democracy Wednesday, September 22, 2021 - 06:45 Source

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Ten days after Hurricane Ida hit Louisiana as a Category 4 storm, Wilkie Declouet, a former law enforcement officer, and lifelong resident of Ironton, posted photos to social media of coffins and tombs scattered around his neighborhood. 

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Your Democracy Wednesday, September 22, 2021 - 05:49 Source

reputerepute

Media organisations, including News Corporation and Nine Newspapers, have been blocked from publishing any of the ABC's un-redacted defence in its defamation battle with former federal attorney-general Christian Porter.

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Your Democracy Wednesday, September 22, 2021 - 05:17 Source

subsubDocuments show Australia issued numerous warnings that its submarine deal with France was at risk, with a 2020 report from Canberra’s Auditor-General flagging concerns that the agreement was not in the national interest.

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MacroBusiness Wednesday, September 22, 2021 - 00:15 Source

Ex-RBA head of research turned chief economist at the Centre for Independent Studies, Peter Tulip, has provided a submission to the House of Representatives Standing Committee on Tax and Revenue’s inquiry into Housing Affordability and Supply, which admits that the massive increase in immigration from 2005 caused the nation’s purported housing shortage and helped make

The post Professor Tulip: Immigration drove nation’s housing shortage appeared first on MacroBusiness.

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MacroBusiness Wednesday, September 22, 2021 - 00:10 Source

Finally, the Morrison Government gets it: Health Minister Greg Hunt has urged pharmaceutical giant Pfizer to seek approval for its COVID-19 vaccine to be given to children as young as five in Australia as soon as possible. Hours after the company announced plans to seek approval from US regulators for its vaccine to be given

The post Morrison accelerates children vaccine approval appeared first on MacroBusiness.

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MacroBusiness Wednesday, September 22, 2021 - 00:05 Source

It just keeps getting worse for the ferrous complex. China now has a steel glut. Levels are higher than this time last year which is very high: But steel output is well below 2020: So the inventory to sales ratio is climbing fast despite all of the output cuts. Just as bad, iron ore inventory

The post Daily iron ore price update (My god, China now has a steel glut) appeared first on MacroBusiness.

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Renew Economy Wednesday, September 22, 2021 - 00:01 Source

Serious concerns have been raised around the integrity of Australian carbon offsets issued to 'avoided deforestation' projects.

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MacroBusiness Wednesday, September 22, 2021 - 00:01 Source

Macro & Markets Global energy shortage looms as investment in fossil fuels slides – Nikkei Asia US-China tensions tug at Pacific internet cables – Asia Times The global economy could feel the effects of China’s Evergrande crisis. Here’s what investors should know – CNBC China Evergrande fears grip markets as Beijing stands back, for now

The post Links 22 September 2021 appeared first on MacroBusiness.

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Renew Economy Tuesday, September 21, 2021 - 18:51 Source

If proposed reforms to grid congestion go ahead, they will make Australia a bad place for investment in wind and solar.

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WixxyLeaks Tuesday, September 21, 2021 - 17:54 Source

Now that ‘Back In Black’ has transformed into ‘I See Red’ Australia is waking up to the fact that after years of Coalition mismanagement ‘The Honeymoon Is Over’.

Although many of us would like to think so, elections are not won from the left or the right, they are won from the centre. At the end of election day, it is the swinging voters that will decide the immediate future direction of the country.

And so it went in 2013 when as a nation we were afflicted with this Coalition government.

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MacroBusiness Tuesday, September 21, 2021 - 17:30 Source

Asian shares remain on tenterhooks as mainland Chinese markets remained closed for a holiday and Japanese stock markets reopened sharply down in the wake of the selloff on Wall Street overnight. The USD remains relatively firm against most of the risk currencies with gold largely unchanged, with all the action in Bitcoin this morning as

The post Macro Afternoon appeared first on MacroBusiness.

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Club Troppo Tuesday, September 21, 2021 - 16:47 Source

Harmony' Poster by Christian Strang | Displate in 2021 | Chinese calligraphy, Harmony art, Chinese symbol tattoosLet us look at the extraordinary non-covid changes now happening in China. The country has been reforming rapidly the last 20 months and I want to muse about the trajectory these reforms are setting China upon. Many commentators see in them the start of another Cultural Revolution in China that will end up with millions dead and huge disruption.

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Renew Economy Tuesday, September 21, 2021 - 15:37 Source

A new catalyst has been found to require less energy input in producing hydrogen from waste water, while also reducing the urea content of the fuel source.

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Renew Economy Tuesday, September 21, 2021 - 15:16 Source

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Renew Economy Tuesday, September 21, 2021 - 15:14 Source

Energy trading company Powerledger has been shortlisted by the Australian Government’s Clean Energy Regulator in the next phase for the delivery of the highly a

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Prosper Australia Tuesday, September 21, 2021 - 14:46 Source

The media is again full of chatter about the housing affordability crisis in Australia. Property markets have gone on a tear as mortgage rates bottom at levels close to matching inflation. Governments are subsidising  a building boom to save the economy from COVID, and the resulting collapse in immigration.

The post Working Together: Is Shared Equity our pathway out of the housing crisis? first appeared on Prosper Australia.

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The Australian Independent Media Network Tuesday, September 21, 2021 - 14:39 Source

It seems utterly beyond debate but acknowledging legal rights to clean hair has assumed the makings of a slow march over the years. The 1956 Clean Air Act in Britain arose from the lethal effects of London’s 1952 killer smog, which is said to have taken some 12,000 lives. The Act granted powers to establish…

The post The Right to Clean Air in Jakarta appeared first on The AIM Network.

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MacroBusiness Tuesday, September 21, 2021 - 14:30 Source

Two well known economists have given opposing views on the likely economic recovery once lockdowns in Sydney and Melbourne eventually end. Saul Eslake believes that the economic recovery will be swift: Independent economist Saul Eslake told The Age and The Sydney Morning Herald that Victoria and NSW were in recession but the states’ economies were

The post Don’t expect a swift economic recovery this time around appeared first on MacroBusiness.

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Renew Economy Tuesday, September 21, 2021 - 14:13 Source

electricity network transmission infrastructure AEMC - optimisedAPA Group joins battle for network owner AusNet with $10bn rival takeover bid, saying a merger would accelerate Australia's energy transition.

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Renew Economy Tuesday, September 21, 2021 - 14:05 Source

Scott Morrison in New York.</body></html>

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MacroBusiness Tuesday, September 21, 2021 - 14:00 Source

As reported yesterday, the NSW government has sold the remaining 49% stake in the WestConnex toll road to a consortium led by Transurban for $11.1 billion. Transurban had purchased the initial 51% stake for $9.3 billion in 2018. Australian Competition & Consumer Commission (ACCC) chairman Rod Sims claims that the deal will entrench Transurban’s “monopoly” on

The post ACCC slams Transurban ‘monopoly’ appeared first on MacroBusiness.

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Renew Economy Tuesday, September 21, 2021 - 13:32 Source

COAG Energy Council meeting ministers - optimisedAngus Taylor's Coalkeeper subsidy is dead in the water. Or at least it should be. Here are six better ideas that state energy ministers should consider.

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MacroBusiness Tuesday, September 21, 2021 - 13:30 Source

The Australian Banking Association, Fintech Australia and Bendigo & Adelaide Bank are among those calling for Australia’s anti-money laundering (AML) regime to be broadened. Expansion of the regime would see real estate agents, accountants and lawyers come under the same rules as banks, remitters and wagering firms. Fintech Australia has stated in its submission to

The post Banks: extend anti-money laundering rules to property appeared first on MacroBusiness.

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Cheeseburger Gothic Tuesday, September 21, 2021 - 13:02 Source

Got a box of these bad boys in the post today. Wasn’t expecting that for a while.

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