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MacroBusiness Thursday, November 21, 2019 - 00:10 Source

Martin North and John Adams have challenged the notion that Australian dwelling values are rising strongly, claiming that dwelling values across three quarters of suburbs fell in value over July to October, according to Realestate.com.au data: This, they claim, challenges the narrative of a strong property rebound and represents a “pattern of unusual and fishy

The post What if Australian property prices are still falling? appeared first on MacroBusiness.

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MacroBusiness Thursday, November 21, 2019 - 00:08 Source

Last Friday, the Australian Bureau of Statistics (ABS) released its State Accounts for 2018-19, which contained some interesting data on the trade performance of Australia’s states and territories. The summary charts for Australia’s major states are provided below: And here’s the chart combining the above trade balances: What should be abundantly clear from the above

The post Sydney, Melbourne economic sinkholes engulf nation appeared first on MacroBusiness.

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MacroBusiness Thursday, November 21, 2019 - 00:05 Source

According to The Australian’s Higher Education Editor, Tim Dodd, Australia’s Group of Eight (Go8) universities have averted a decline in Chinese international students: The latest enrolment figures show that in the first nine months of this year the influx of Chinese students commencing courses was 9 per cent higher for the Group of Eight universities

The post Universities avert Chinese international student crunch appeared first on MacroBusiness.

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MacroBusiness Thursday, November 21, 2019 - 00:01 Source

Global Macro / Markets / Investing: Return of short-selling bans: market protection or ‘war against truth’? – Reuters Global economy will remain fragile in 2020 – Times Now News Trade War Drag on World Economy to Fade in 2020, Says Goldman – Bloomberg When Bitcoin Market Cap will Surpass that of Gold Crypto Analyst Reveals

The post Links 21 November 2019 appeared first on MacroBusiness.

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John Quiggin Wednesday, November 20, 2019 - 17:19 Source

I have a piece in The Conversation arguing against the common practice of publishing projections, based on holding constant parameters that are unlikely to remain so in practice. I suggest modellers need to bite the bullet, make predictions and stand by them.

A slight clarification, arising from discussion. To the extent that we are concerned with policy, it’s fine to make conditional predictions about the consequences of alternative policy packages.

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MacroBusiness Wednesday, November 20, 2019 - 17:00 Source

No surprise that risk markets are wobbling on any sniff of trouble surrounding the US/China trade deal, as Trump throws the word “tariff” in the air again, which sent US stocks lower overnight, leaking into safe havens here in Asia. Chinese stocks have reversed their recent bounceback, with the Shanghai Composite slumping nearly 0.8% lower

The post Macro Afternoon appeared first on MacroBusiness.

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The Australian Independent Media Network Wednesday, November 20, 2019 - 16:33 Source

Ok, I admit: the title is rather pompous. But I can never resist a Judas Priest reference. In a piece published on July 23rd of this year, I suggested that Senator Elizabeth Warren was the ‘Corporate Compromise Candidate’. This phrase meant that she was as far left as the corporate elite would tolerate. They had…

The post I am Nostradamus: Warren Falls in Line appeared first on The AIM Network.

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The Australian Independent Media Network Wednesday, November 20, 2019 - 16:00 Source

By Dr George Venturini   In mid-July the Northern Territory Bar Association held its biennial conference in Dili. In attendance were also two distinguished speakers: the lawyers Christopher Ward and Bernard Collaery. Conference participants adopted resolutions calling on the Australian government “to give up its unlawful and unjust claim to a boundary north of the median…

The post The spying on Timor-Leste case … et cetera (part 4) appeared first on The AIM Network.

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Renew Economy Wednesday, November 20, 2019 - 15:35 Source

Leading utility Origin Energy has revealed it is contemplating five different big battery storage projects in four different states, as an early feasibility study for an expanded pumped hydro project indicated higher-than-expected costs. Origin, in its annual investor day briefing for analysts in Sydney, said battery storage was being considered as an addition and co-location...

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Renew Economy Wednesday, November 20, 2019 - 15:29 Source

Australian billionaires back early funding for "world's largest" solar project, and the 3000km cable that will link it to customers in Singapore.

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Renew Economy Wednesday, November 20, 2019 - 15:14 Source

A meat processing plant generating electricity from waste water, a company transforming landfill into fuel and a global geoscience data competition accelerating the process of mineral discovery are just some of the innovative projects recognised in this year’s Premier Awards.

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Renew Economy Wednesday, November 20, 2019 - 15:13 Source

Renewable energy sector calls on COAG meeting to reject AEMC's proposed rules, saying they will prop up fossil fuels.

The post Renewable investors fear new AEMC rules will prop up fossil fuels appeared first on RenewEconomy.

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MacroBusiness Wednesday, November 20, 2019 - 14:40 Source

The Teranet-National Bank House Price Index for October has been released, which shows that Canadian house prices fell by 0.1% across the 11 major markets, with annual growth improving to 1.0%: However, prices in Vancouver rebounded, rising by 0.2% in October to be down 6.2% since peaking in July 2018. The Real Estate Board of

The post Vancouver house prices rebounding appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 20, 2019 - 14:20 Source

Pity the quiet Australians, via Crikey: The Morrison government is on the cusp of passing a controversial bill that it promises will crackdown on union militancy. In reality, it could spell the end of workplace strikes. Under the Ensuring Integrity Bill, unions and their officials could receive demerit points for breaking existing laws. Enough points, and

The post Scummo union integrity bill really about crushing wages appeared first on MacroBusiness.

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Renew Economy Wednesday, November 20, 2019 - 14:13 Source

EDL hybrid plant solar biogas - optimisedEDL launches first stage of hybrid micro-grid project that will integrate solar, wind and battery storage to power remote gold mine in WA.

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Renew Economy Wednesday, November 20, 2019 - 14:11 Source

More than 150 local, national and international business and industry leaders attended Queensland’s first regionally based Hydrogen Industry Forum in Townsville today.

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MacroBusiness Wednesday, November 20, 2019 - 14:00 Source

You’ve got to love the powers that be. Their arrgoant disregard for standards of living, for the wishes of the people, for simple economic sense, via Domain: A new blueprint for the NSW economy predicts the state’s annual output will hit $1 trillion by the end of next decade and reach $2 trillion by around

The post NSW launches economic blueprint to nowhere appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 20, 2019 - 13:40 Source

Economist Gerard Minack has warned that the huge rise in labour supply from mass immigration is holding down Australian wages: Gerard Minack, an economist and principal at Minack Associates, said when compared with the boomer generation, the economic choices of recent generations are much more limited. “Well, young Australians are facing a hell of a

The post Gerard Minack: Mass immigration killing wages appeared first on MacroBusiness.

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The Australian Independent Media Network Wednesday, November 20, 2019 - 13:36 Source

Sex, the late Gore Vidal astutely observed, is politics, and not merely from the vantage point of those who wish to police it. In the case of whistleblowers, claims of aberrant, unlawful sex serves the purpose of diminishing credibility, tarring and feathering the individual and furnishing a distraction. Forget what was disclosed; focus, instead, on…

The post Dropped Investigations: Julian Assange, Sex and Sweden appeared first on The AIM Network.

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Renew Economy Wednesday, November 20, 2019 - 13:28 Source

New reports from market operator and the market regulator point to changing shape of the grid, lower emissions and falling costs - partly driven by growth of rooftop solar.

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Renew Economy Wednesday, November 20, 2019 - 13:28 Source

New reports from market operator and the market regulator point to changing shape of the grid, lower emissions and falling costs - partly driven by growth of rooftop solar.

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MacroBusiness Wednesday, November 20, 2019 - 13:20 Source

The private health insurance death spiral rolls on, with the percentage of Australians in private health insurance continuing to plummet: There is no good news for private health insurers in the quarterly health Insurance statistics released today. The headline number – the proportion of the population insured – continues to decline and most of the

The post Private health insurers continue to haemorrhage members appeared first on MacroBusiness.

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Renew Economy Wednesday, November 20, 2019 - 13:17 Source

chart emissions increase power station coal stacksBloomberg's Michael Liebreich points to the killer graph that makes new investment in coal generators almost impossible.

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MacroBusiness Wednesday, November 20, 2019 - 13:00 Source

With Australia’s population ballooning on the back of mass immigration, and projected to add around 360,000 people a year until 2066: And Sydney’s population projected to nearly double to 9.6 million people over the next 48 years: Water bills are set to rise as demand overruns supply: Sydney Water has submitted a revised submission to

The post Water bills to soar as population overruns supply appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 20, 2019 - 12:40 Source

Via CNBC: China is heavily exposed to the U.S. dollar, but now, with the risk of “decoupling,” Beijing is silently diversifying its reserves to reduce its dependence on the world’s largest reserve currency, analysts say. Ongoing trade tensions with the U.S. has “increased the risk of a financial decoupling” between the two largest economies, ANZ

The post China to declare trade war on Europe and vice versa appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 20, 2019 - 12:35 Source

First it was the US Congress, via Reuters: The U.S. Senate, in a unanimous vote, passed legislation on Tuesday aimed at protecting human rights in Hong Kong amid China’s crackdown on a pro-democracy protest movement that has gripped the vital financial center for months. Following the voice vote by senators, the “Hong Kong Human Rights

The post Australian dollar hit as US/China war of words erupts over Hong Kong appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 20, 2019 - 12:20 Source

The latest scheduled review of Australia’s anti-money laundering (AML) laws by the global Financial Action Taskforce (FATF) has been cancelled, with Australia given free rein to continue laundering money through property. Via Michael West: Most of the major international money laundering schemes that have been uncovered rely on lawyers, accountants or real estate agents. After

The post Australia given free rein to launder money into property appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 20, 2019 - 12:00 Source

New research by the Australian Institute’s Centre for Future Work, commissioned by Industry Super Australia, claims that wages have generally increased at a higher rate in years when the superannuation guarantee rate has also risen. The Australia Institute’s report also warns that shelving the legislated increase in the super guarantee is likely to result in

The post Let Productivity Commission decide if superannuation robs wages appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 20, 2019 - 11:40 Source

Via FTAlphaville: Over the years bitcoin has frequently been touted as a “safe haven”. It’s an idea that seemingly doesn’t to want to die, despite the fact that its pretty much the most volatile things you can get your hands on and there’s been a stream of thefts and hacks worth hundreds of millions of dollars from exchanges and

The post Is Bitcoin a safe haven for everything? appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 20, 2019 - 11:20 Source

New modelling from a group of academics from the University of New South Wales (UNSW) suggests that Australia’s mass immigration policy is making Australians poorer and raising inequality: We modelled four development scenarios for Australia through to 2030: “Growth at all Costs”, emphasising economic growth “Green Economy”, emphasising environmental outcomes “Inclusive Growth”, emphasising social equality

The post New modelling: Mass immigration makes Aussies poorer appeared first on MacroBusiness.

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