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Oz Blog News Commentary
MacroBusiness Wednesday, November 7, 2018 - 09:00 Source

Iron ore prices for November 6, 2018: Spot flat. Paper down. Steel down. Port stocks down to 141.65mt. We appear to be entering the Q4 correction now, delayed by stimulus hopes. They appear to be a little ahead of the curve given the PMIs: Infrastructure is being rolled out to offset industrial production. But only

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MacroBusiness Wednesday, November 7, 2018 - 08:48 Source

DXY was flat last night. EUR and CNY similar: AUD caught a dose of RBA stupid: Gold fell: Oil fell: Base metals fell: Big miners fell: Junk was firm: Treasuries sold Bunds less: Stocks ground out more recovery: Westpac has the wrap: Market Wrap Global market sentiment: Risk sentiment was moderately firm ahead of the

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MacroBusiness Wednesday, November 7, 2018 - 08:30 Source

Into contraction we go: More: Construction sectors: Engineering construction (55.0 points seasonally adjusted and 58.8 points trend) was the strongest sector of the construction industry in October due to a solid pipeline of public-sector investment in large-scale infrastructure projects. However, its rate of growth moderated from the more robust conditions recorded in September, with reports

The post Credit crunch demolishes construction PMI appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 7, 2018 - 07:30 Source

By Chris Becker Trading was thin on the ground overnight as Americans headed to their mid-term elections, with Treasury yields lifting slightly – the 2 year looks set to cross 3% soon – while the USD retreated against everything but Yen. European stocks fell back slightly with oil prices falling sharply again, both Brent and

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 7, 2018 - 04:56 Source

Via News: MARK Latham has indicated he will be joining Pauline Hanson’s One Nation party, saying an announcement would be made “soon”. The former Labor leader was asked about rumours of his One Nation move on Ben Fordham’s 2GB program this afternoon. He told Fordham to “watch this space” and said “you’re on the right

The post Can Mark Latham make One Nation respectable? appeared first on MacroBusiness.

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Poll Bludger Wednesday, November 7, 2018 - 04:28 Source

One last overview of the US mid-terms situation, and a thread for discussion of events as they unfold.

The post US mid-terms minus zero days appeared first on The Poll Bludger.

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George Monbiot Wednesday, November 7, 2018 - 01:16 Source

What if we abandoned photosynthesis as the means of producing food, and released most of the world’s surface from agriculture?

By George Monbiot, published in the Guardian 31st October 2018

 

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MacroBusiness Wednesday, November 7, 2018 - 00:21 Source

Martin North and John Adams destroy Wayne Byers reappointment:

The post Wayne Byers reappointment slammed appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 7, 2018 - 00:20 Source

By Leith van Onselen CoreLogic’s dwelling values results for September reported that losses have been driven by the premium end of the market in Sydney and Melbourne, whereas values across the most affordable 25% segment has held up relatively well: While this is true when viewed on an annual basis, growth rates are trending down

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MacroBusiness Wednesday, November 7, 2018 - 00:15 Source

By Leith van Onselen Those expecting Labor to backdown on its negative gearing policy will be sorely disappointed with Shadow Treasurer, Chris Bowen, yesterday doubling down on reform: Bowen insists that Labor’s longstanding plan on changes to negative gearing and capital gains tax would be delivered even in a falling property market. He even argues

The post Chris Bowen: Now perfect time for negative gearing reform appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 7, 2018 - 00:10 Source

By Leith van Onselen From SQM Research comes stock on market figures for the month of October, which reported a 0.3% decline in total for sale listings over the month but a 3.3% increase over the year, driven by massive rises in Melbourne and Sydney: Over the year, for sale listings rose across all markets

The post SQM: Massive lift in Melbourne and Sydney property listings appeared first on MacroBusiness.

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MacroBusiness Wednesday, November 7, 2018 - 00:01 Source

Global Macro / Markets / Investing: Inside Tesla’s factory, a medical clinic designed to ignore injured workers – Reveal A self-driving car can choose who dies in a fatal crash. These are the ethical considerations. – WEF Warren Buffett sends ’strong signal’ to market with Berkshire Hathaway’s $1 billion buyback – CNBC Has Buffett Lost

The post Links 7 November 2018 appeared first on MacroBusiness.

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Renew Economy Tuesday, November 6, 2018 - 21:35 Source

Tesla and Genex push for rule changes that would allow battery and pumped hydro storage to be properly paired with wind and solar farms.

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Your Democracy Tuesday, November 6, 2018 - 18:19 Source

flyby

Fake news: Nato’s “interception” of Russian planes

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The Australian Independent Media Network Tuesday, November 6, 2018 - 16:46 Source

The surgical dismembering of Jamal Khashoggi has sent the military establishments of several countries into a tizz. Arms manufacturers are wondering whether this is an inconvenient blip, a ruffling moral reminder about what they are dealing with. Autocratic regimes indifferent to the lives of journalists are wondering whether the fuss taken about all this is…

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MacroBusiness Tuesday, November 6, 2018 - 16:22 Source

It’s  been a mixed session here in Asia with Chinese stocks falling while Japanese markets lifted as Yen waned on a strengthening USD. The other majors are relatively unchanged though leading up to the US mid-term elections which are sure to ramp up volatility across risk markets. The RBA held at its meeting this afternoon

The post Macro Afternoon appeared first on MacroBusiness.

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MacroBusiness Tuesday, November 6, 2018 - 15:30 Source

And quite rightly, via The Australian: Scott Morrison has lashed out at Victorian Premier Daniel Andrews for signing a secret infrastructure deal with China. The Prime Minister said today that he was “surprised” that Victoria had decided to sign up to China’s Belt and Road Initiative without consulting the Commonwealth, and broke with his foreign

The post ScoMo slams Victoria’s China secession appeared first on MacroBusiness.

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MacroBusiness Tuesday, November 6, 2018 - 15:00 Source

By Leith van Onselen Following the privatisation of Australia’s monopoly land titles platforms by our state governments, Australia’s largest bank – CBA – has taken joint control of Australia’s monopoly electronic property transfer market. From Martin North: PEXA, Australia’s online property exchange, which assists members such as lawyer, conveyancers and financial institutions to lodge documents

The post CBA gobbles up monopoly electronic property transfer market appeared first on MacroBusiness.

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MacroBusiness Tuesday, November 6, 2018 - 14:35 Source

No surprises. Here’s the statement from Captain Phil: At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The global economic expansion is continuing. A number of advanced economies are growing at an above-trend rate and unemployment rates are low. Growth in China has slowed a little, with the authorities

The post RBA holds cash rate at 1.5% appeared first on MacroBusiness.

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John Quiggin Tuesday, November 6, 2018 - 14:34 Source

In the UK Budget last week, the  Chancellor, Phillip Hammond announced the end of the PF2 scheme, the Conservative government’s replacement for the discredited Public Finance Initiative originally introduced by the Conservatives under John Major, but greatly expanded  by Tony Blair’s New Labour.  This announcement is less than meets the eye in a couple of respects. Financing under PF2 had already slowed to a trickle.

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MacroBusiness Tuesday, November 6, 2018 - 14:30 Source

By Leith van Onselen The Age’s Catherine Ford penned a drivelling article over the weekend lamenting the “rogue virus” of sprawling cookie-cutter housing developments proliferating across Melbourne: The views from the train are now choked with the usual bleak and dystopian housing developments, and I found myself spilling tears. The “estates” on this land have

The post If you don’t want urban sprawl, lobby against mass immigration appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, November 6, 2018 - 14:05 Source

By Tony Andrews A revolution has occurred while we’ve been watching the telly, dreaming of a new car, dishwasher or holiday, and trying our best not to offend anyone. No tanks have rolled through suburban Australia, no massed forces have seized the factories and farms, instead they’ve been relocated overseas or sold off, radically and…

The post Extreme distraction appeared first on The AIM Network.

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MacroBusiness Tuesday, November 6, 2018 - 14:00 Source

Via the Kouk today: An RBA rate cut is not about housing – it’s about exports and investment Many people misunderstand my concern about falling house prices and the coincident call for the Reserve Bank to cut official interest rates. Any interest rate cut that the RBA may yet deliver should not, and certainly will

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MacroBusiness Tuesday, November 6, 2018 - 13:30 Source

More from Martin North today on deposit bail-ins: We remain of the view that the political realty is that there will never be deposit bail-ins.

The post More on deposit bail-ins appeared first on MacroBusiness.

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Renew Economy Tuesday, November 6, 2018 - 13:24 Source

Delta Electricity wins state approval to build a 55MW solar farm adjoining its ageing Vales Point coal power station on Lake Macquarie in NSW.

The post NSW Vales Point coal plant wins approval to add 55MW solar farm appeared first on RenewEconomy.

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Renew Economy Tuesday, November 6, 2018 - 13:24 Source

Delta Electricity wins state approval to build a 55MW solar farm adjoining its ageing Vales Point coal power station on Lake Macquarie in NSW.

The post NSW Vales Point coal plant to add 55MW solar farm appeared first on RenewEconomy.

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MacroBusiness Tuesday, November 6, 2018 - 13:00 Source

By Leith van Onselen MB has frequently questioned the merits of government policy that forces Australians into private health insurance, and argued that diverting subsidies away from private health insurance into the public system would lead to more efficient health outcomes. We’ve also warned that Australia’s private health insurance system is facing a ‘death spiral’,

The post Aussies are losing faith in private health insurance appeared first on MacroBusiness.

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Renew Economy Tuesday, November 6, 2018 - 12:48 Source

New study shows that solar plants can provide flexibility for grid operator that reduces use of thermal generators and battery storage, and delivers even lower emissions.

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Popular Science Tuesday, November 6, 2018 - 12:36 Source

Virtual reality might help solve the problem.

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Popular Science Tuesday, November 6, 2018 - 12:36 Source

Google Home Minis and Echo Dots are really cheap this holiday, but they're complicated gifts.

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