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MacroBusiness Tuesday, March 26, 2019 - 10:00 Source

Here’s the latest quarterly Newspoll graphic: Barring a miracle it is over. More at The Guardian: Labor remains ahead of the Morrison government as the major parties gear up for budget week and the looming federal campaign, and, in the wake of the Christchurch murders, 63% of voters believe white extremism is as dangerous as

The post Newspoll: Scummo set for drubbing appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 26, 2019 - 09:45 Source

Push it, mate. Push it! No pain, no gain! No more from NAB: In a statement issued yesterday the bank said it will end its ‘Introducer’ payments program, effective October 1 this year. “This means NAB will no longer make referral payments to introducers,“ the bank said. These fees are paid to groups in particular

The post No more mortgages from gym instructors appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 26, 2019 - 09:30 Source

By Leith van Onselen Research by EY Sweeney shows that 38 per cent of Australians do not expect an increase in their income during the next year. Only eight per cent of respondents indicated that they “strongly agreed” that their income will rise in the next 12 months. From The AFR: The poll of more

The post Wage expectations remain in the gutter appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 26, 2019 - 09:15 Source

It must running out of bodies to use as speed humps. Already pulped are Ian Harper, Phil Lowe, Christopher Kent and Michelle Bullock. This time poor old Luci Ellis is thrown under the deflation bus: What’s Up (and Down) With Households? Luci Ellis[*] Assistant Governor (Economic) Address to Housing Industry Association March Industry Outlook Breakfast Sydney – 26 March

The post Lunatic RBA throws another governor under deflation bus appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 26, 2019 - 09:00 Source

Iron ore prices for March 25, 2019: Spot fell. Paper too. And steel. CISA output remains off its face. I’m beginning to tilt bearish here. Vale remains a rolling bullish shock but the fundamental set up is poor. There are huge piles of steel inventory sitting in China. Output is completely uninhibited by any pollution

The post Daily iron ore price update (a bearish turn) appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 26, 2019 - 09:00 Source

By Chris Becker  Volatility continued overnight with bond markets pushing the whole risk edifice around as US stocks retreated following a dour session here in Asia. The German IFO survey did better than expected which buoyed European stocks somewhat but this was overshadowed by the continued slow train wreck that is Brexit. Looking first at

The post Macro Morning appeared first on MacroBusiness.

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Renew Economy Tuesday, March 26, 2019 - 08:57 Source

British think tank says world’s five largest listed oil and gas companies spent more than $1 billion lobbying to prevent climate change regulations since Paris agreement in 2015.

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MacroBusiness Tuesday, March 26, 2019 - 08:10 Source

DXY eased last night and EUR rebounded: AUD jumped across the board: With gold: Oil was stable: Metals fell: Miners lifted: EM stocks too: Junk tumbled: Despite crashing US yields: Bunds were bid too: Stock held on: Westpac has the wrap: Event Wrap The Chicago Fed’s National Activity index – a composite index of 85 indicators that

The post US recession fears push Australian dollar higher appeared first on MacroBusiness.

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The Tally Room Tuesday, March 26, 2019 - 07:37 Source

The Legislative Council count is going to take a long time, and we are missing a lot of vital information we will need.

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Poll Bludger Tuesday, March 26, 2019 - 01:51 Source

New state-level numbers for federal voting intention take the edge off for the Coalition in Victoria and Western Australia, but weaken them in (of all places) New South Wales.

The post Newspoll breakdowns and BludgerTrack redux appeared first on The Poll Bludger.

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MacroBusiness Tuesday, March 26, 2019 - 00:20 Source

By Leith van Onselen 60 Minutes’ excellent ‘Big Australia’ demolition featured Shane Geha, managing director of EG – “a leading real estate investment fund manager” . According to their website: As founding Managing Director of EG’s Urban Planning business, Shane bears overall responsibility for all EG’s rezoning projects. Shane has extensive rezoning experience and brings a

The post And the award for Australia’s worst immigration spruiker goes to… appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 26, 2019 - 00:20 Source

It’s not often that MB gets out-beared but it’s happening at the moment, via News: Mr Adams said an inversion of the “one year to 10 year” yield curve had been the most accurate prediction of a coming recession since the 1960s — a phenomenon also recognised by the US Federal Reserve. …In a previous

The post A boom in bear porn appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 26, 2019 - 00:15 Source

By Leith van Onselen The NSW Office of State Revenue has released stamp duty data to February, which reveals a $1.5 billion (21%) decline over the past year and a $1.8 billion (24%) decline since stamp duty receipts peaked in October 2017: The latest retracement in stamp duty receipts follows a sharp 19% decline in

The post NSW stamp duty ponzi implodes appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 26, 2019 - 00:15 Source

Via CoreLogic’s weekly property leading indicators. Nobody wants to get a mortgage: Nor does anyone want to list their property: It’s a Mexican standoff with sellers losing as unsold stock mounts. Full report.

The post Nobody wants to buy or sell property appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 26, 2019 - 00:10 Source

By Leith van Onselen With Monday’s release of Australia’s population data for the September quarter, it’s once again time to examine how Australia’s dwelling supply is tracking against population growth. The below charts track the following, which are based on the latest available quarterly data: Dwelling approvals to December 2018; Dwelling commencements to September 2018;

The post How dwelling construction is tracking against population growth appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 26, 2019 - 00:01 Source

Global Macro / Markets / Investing: Man stole $122m from Facebook and Google by sending them random bills, which the companies dutifully paid – sniply The Credit-Card Kingmaker – WSJ With the iPhone Sputtering, Apple Bets Its Future on TV and News – WSJ How Often Is It a Stock-Picker’s Market? – A Wealth of

The post Links 26 March 2019 appeared first on MacroBusiness.

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Renew Economy Monday, March 25, 2019 - 18:03 Source

The first of two articles looking at how hydrogen stacks up on emissions and costs. Here, how hydrogen is produced and delivered, and the emissions impact.

The post Renewable hydrogen: Is this the answer to cutting transport emissions? appeared first on RenewEconomy.

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Renew Economy Monday, March 25, 2019 - 17:57 Source

Brisbane Metrol looks to clean transport options, in stark contrast to Western Australia, which has decided to buy 900 new diesel buses.

The post Brisbane looks to electric buses, W.A. opts for diesel dinosaurs appeared first on RenewEconomy.

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MacroBusiness Monday, March 25, 2019 - 16:00 Source

Asian stock markets have fallen sharply in response to the poor showing on Wall Street on Friday night as the US bond yield curve inversion and the growing likelihood of a European recession weigh heavily. The Shanghai Composite is down nearly 0.9% going into the close to get back below 3100 points, currently at 3075 while the

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Monday, March 25, 2019 - 15:01 Source

Canavan says Labor's climate plan will mean the end of the sausage sizzle and $100 meat trays. The scare campaign is on!

The post Coalition’s Canavan launches the sausage sizzle climate scare campaign appeared first on RenewEconomy.

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MacroBusiness Monday, March 25, 2019 - 14:50 Source

By Leith van Onselen Labor has indicated it might seek to excise investor-state dispute settlement (ISDS) clauses in free-trade agreements (FTAs) with Indonesia and Peru if it wins the upcoming federal election. Such clauses can be used by foreign companies to sue the federal government; tobacco company Philip Morris used them to sue the government

The post Free-trade deals ‘face collapse’ if ALP wins appeared first on MacroBusiness.

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Renew Economy Monday, March 25, 2019 - 14:49 Source

Legal bid to block 180MW Twin Creek wind farm, with provisions for an energy storage facility more than twice the size of the Tesla big battery, has been rejected.

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MacroBusiness Monday, March 25, 2019 - 14:20 Source

By Leith van Onselen With Sydney’s housing market suffering the second worst price bust in modern history: First home buyers (FHBs) are shunning the market, despite housing becoming more affordable. From Domain: Sydney properties are becoming more affordable as prices fall, but the number of first-home buyer stamp duty exemptions and concessions have taken a

The post First home buyers abort crashing Sydney property market appeared first on MacroBusiness.

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Renew Economy Monday, March 25, 2019 - 14:11 Source

CEFC invests $10m in latest green bond from FlexiGroup – a $90.9 million issuance, with a large portion of rooftop solar, and a smaller portion of small-scale battery storage.

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John Quiggin Monday, March 25, 2019 - 14:08 Source

There’s an interesting article by Anna Grear in Aeon, criticising the idea that Nature should have human-style rights, and linking to the website of the Centre for Humans and Nature, which has lots more interesting discussion.

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Renew Economy Monday, March 25, 2019 - 14:07 Source

Energy Security Board turns focus to a re-write of the market design. It will be an impossible task without including the environment in market objective.

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MacroBusiness Monday, March 25, 2019 - 13:50 Source

Via News comes Mediscare 2.0: The campaign that caused irreparable damage to Malcolm Turnbull’s government at the last election is being revived a week before the Budget. [Labor] is promising to end the Medicare rebate freeze in its first 50 days, should it win power. …Mr Shorten’s claim the Coalition was planning to privatise parts of

The post Party of Fear terrified of Mediscare appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, March 25, 2019 - 13:50 Source

In yet another gobsmacking display of cognitive dissonance and implausible deniability, Barnaby Joyce has urged the Federal Government to “wake up” after the New South Wales Coalition suffered swings against it in the bush. According to the Beetrooter, “Those who want to give rifles back to the farmers and people are winning seats.” “The Liberal…

The post It’s everyone else’s fault says Barnaby appeared first on The AIM Network.

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The Tally Room Monday, March 25, 2019 - 13:30 Source

It is far too early to assess the impact of any party on the upper house, in particular parties like Sustainable Australia and Keep Sydney Open who have not yet had a single one of their upper house votes counted. Even for other parties like the Greens we can’t judge how big the “swing” will be until we know how many of the ‘others’ votes are below the line or informal. But we can answer some questions about their impact.

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MacroBusiness Monday, March 25, 2019 - 13:20 Source

By Leith van Onselen Labor’s plans to increase the superannuation guarantee to 12% is under pressure, following Treasury modelling showing the money being spent on the Age Pension pension is falling faster than had been predicted. The Age Pension cost 2.9% of GDP in 2002, and had been tipped to rise to 4.6% by 2042.

The post Labor under pressure to ditch 12% compulsory super appeared first on MacroBusiness.

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