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MacroBusiness Thursday, August 9, 2018 - 09:30 Source

Via Capital Economics: US tariffs have so far had little effect on Chinese export growth • Chinese export growth held steady last month with few signs of much impact from the first round of US tariffs on $34bn worth of Chinese exports, which came into force on 6th July. Import growth jumped but this has

The post Chinese trade pushes through tariffs appeared first on MacroBusiness.

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MacroBusiness Thursday, August 9, 2018 - 09:17 Source

By Leith van Onselen The latest rental data from the Real Estate Institute of Western Australia (REIWA) was a further kick in the face for Perth landlords (but music to the ears of renters). After showing signs of improvement in the March quarter, Perth’s median house rent retraced by $10 to $350, whereas Perth unit

The post Perth’s rental market haemorrhages losses appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, August 9, 2018 - 09:11 Source

It is hard to imagine what the Coalition’s strategy will be for the next election. Their corporate tax cuts for big business are on the nose.  Suggesting that someone on $200,000 should pay the same tax rate as someone on $40,000 will also be a hard sell. How can they possibly pursue Bill Shorten for…

The post Where to from here for the Coalition? appeared first on The AIM Network.

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MacroBusiness Thursday, August 9, 2018 - 09:00 Source

We are proud to announce that the company behind the MB Fund, Nucleus Wealth, has been named a finalist in the upcoming IFA Excellence Awards for the category “Innovator of the Year – Company”. Thanks to everyone involved in bringing a unique and tailored, quality investment solution that is typically only reserved for high net

The post MB Fund up for Innovation Gong appeared first on MacroBusiness.

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MacroBusiness Thursday, August 9, 2018 - 08:30 Source

By Chris Becker Another muted night on share markets on both sides of the Atlantic, with scratch sessions the name of the game as traders digest the latest tit-for-tat battles in the ongoing Trump trade war. Oil prices fell back on higher than expected inventories, taking energy stocks down while the USD moved around against all

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Thursday, August 9, 2018 - 08:20 Source

By Leith van Onselen Yesterday, RBA Governor Phil Lowe gave a speech strongly supporting Australia’s mass immigration ‘Big Australia’ program, whereby Lowe spouted a bunch of benefits (most dubious) without considering the costs. You can read Lowe’s speech here along my initial response, which was scathing. The pro-immigration mainstream media, such as SBS, has been

The post Big Australia RBA “laughable” on economic impacts appeared first on MacroBusiness.

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MacroBusiness Thursday, August 9, 2018 - 08:13 Source

Via Banking Day: The volume gains made by non-ADI lenders in the investment mortgage market could come under severe pressure in the next few months as APRA begins to loosen the prudential constraints on lending to investment borrowers. Banking Day can confirm that HSBC Australia, Macquarie and People’s Choice Credit Union are among the first

The post Captured APRA loosens investor mortgage cap for mad Macquarie appeared first on MacroBusiness.

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John Quiggin Thursday, August 9, 2018 - 08:06 Source

In my last post on Wednesday, I said it was time to draw a line against racism and, among other things, to boycott Sky until it cleans house thoroughly.  As it turned out, I had to put up or shut up on this, much sooner than I expected. Yesterday, I was invited (by one of the few decent commentators on Sky) to take part in a debate on the National Energy Guarantee. As readers will know, I’m keenly interested in this topic, and would have liked to have my say, but I had to decline. If this happens enough, perhaps Sky management will take notice.

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MacroBusiness Thursday, August 9, 2018 - 07:49 Source

With the royal commission showing that bank staff are busy working out how to keep billing dead customers, or busy coming up with reasons to explain why they have charged fees for services not provided, its no wonder that there isn’t enough time to train staff in Australia properly: No. 1 by a country mile!

The post She’ll be right mate: Privacy edition appeared first on MacroBusiness.

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MacroBusiness Thursday, August 9, 2018 - 07:38 Source

by Chris Becker The Reserve Bank of New Zealand (RBNZ) held its monthly interest rate meeting this morning, holding rates again at 1.75%, but substantively changed the language around their key policy guidance. From the source: The Official Cash Rate (OCR) remains at 1.75 percent. We expect to keep the OCR at this level through

The post RBNZ goes dovish as Kiwi plummets appeared first on MacroBusiness.

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The Tally Room Thursday, August 9, 2018 - 07:32 Source

I’m joined this week by Jill Sheppard (@jillesheppard) and Osmond Chiu (@redrabbleroz) to discuss research into what candidate attributes influence voters’ choices, and profile the marginal seat of Gilmore in southern NSW.

Links to things discussed in this episode:

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Your Democracy Thursday, August 9, 2018 - 07:29 Source

war

From David William Pear

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The Australian Independent Media Network Thursday, August 9, 2018 - 06:00 Source

August 9 2018 On the same day that Indian-born migrant Akshay Venkatesh was receiving the prestigious Fields Medal in mathematics, the Australian born son of Dutch immigrants, mediocre columnist Andrew Bolt was publishing an article full of racist gobbledygook to titillate those on the extreme-right of Australian society. The piece titled; “The foreign invasion” claimed…

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MacroBusiness Thursday, August 9, 2018 - 00:30 Source

by Chris Becker Here’s the latest price update from the iron ore complex: Spot prices pulled back but rebar remains elevated after reaching a six year high before closing higher, but there’s growing concern the breakout in prices is not sustainable against actual demand. More from Reuters:   Rebar hit a high on Tuesday of

The post Daily iron ore price update appeared first on MacroBusiness.

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MacroBusiness Thursday, August 9, 2018 - 00:20 Source

From Damien Boey at Credit Suisse: Housing finance approvals data for June came in below expectations. The value of owner-occupier loans fell by 1% over the month, while the value of investment lending fell by 2.7%. We do not yet have the complete lending finance data set, which also accounts for commercial and personal loans.

The post Australia’s credit impulse dies appeared first on MacroBusiness.

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MacroBusiness Thursday, August 9, 2018 - 00:20 Source

By Leith van Onselen With CoreLogic’s July results reporting another month of falls for Sydney and Melbourne housing, I thought it was timely to take a deeper look at both markets using CoreLogic’s various measures. But first, let’s recap both market’s performance at the aggregate level using CoreLogic’s marque hedonic index. As shown in the

The post A detailed examination of Sydney’s and Melbourne’s housing corrections appeared first on MacroBusiness.

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MacroBusiness Thursday, August 9, 2018 - 00:18 Source

By Leith van Onselen Back in March, Dr Jonathan Sobels – a senior research fellow at the University of South Australia and the author of a key 2010 report prepared for the Department of Immigration entitled Long-term physical implications of net overseas migration: Australia in 2050 – gave a brilliant incisive interview on ABC’s Radio

The post Professor Ian Lowe: mass immigration is a mass environment killer appeared first on MacroBusiness.

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MacroBusiness Thursday, August 9, 2018 - 00:15 Source

News broke yesterday morning that ASIC Chairman James Shipton has greenlit the prospect of tactical taskforces to be embedded in our banks (for up to 8 weeks at a time) in an attempt to address the surging and endemic misconduct present in our banking system. Treasurer and chief Royal Commission resister, Scott Morrison, has backed

The post Another financial crime band-aid appeared first on MacroBusiness.

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MacroBusiness Thursday, August 9, 2018 - 00:15 Source

There was more from the Royal Commission grilling of National Australia Bank yesterday.  “Hopelessly Conflicted” is one term that I’m hoping will catch on: The process that saw NAB’s superannuation trustee NULIS advised by the bank’s wealth management arm was hopelessly conflicted, the Hayne royal commission has heard. Counsel assisting Michael Hodge QC put to

The post Royal Commission deems NAB “hopelessly conflicted” appeared first on MacroBusiness.

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MacroBusiness Thursday, August 9, 2018 - 00:01 Source

Global Macro / Markets / Investing: Taking Tesla Private – Tesla Saudi Arabia’s sovereign wealth fund builds $2bn Tesla stake – FT Elon Musk Just Showed Exactly Why Tesla Should Be Private – Bloomberg Inside the bitter divorce war between Sue and Bill Gross – NY Post The devastating cost of central banks’ caution –

The post Links 9 August 2018 appeared first on MacroBusiness.

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Popular Science Wednesday, August 8, 2018 - 17:00 Source

The tech could be used to increase the representation of women scientists on Wikipedia

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Popular Science Wednesday, August 8, 2018 - 17:00 Source

Warmer nights are fueling the future of wildfires.

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Popular Science Wednesday, August 8, 2018 - 17:00 Source

Retired astronaut Chris Hadfield on how to make great photos from the ISS

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Popular Science Wednesday, August 8, 2018 - 17:00 Source

Worm farms, weeders, push mowers... The whole nine yards to control fine yards.

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Popular Science Wednesday, August 8, 2018 - 17:00 Source

Juries can blame a product for giving you cancer—but that doesn't mean it's true.

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Popular Science Wednesday, August 8, 2018 - 17:00 Source

Even if it won't prevent injury.

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Popular Science Wednesday, August 8, 2018 - 17:00 Source

When does a scientist's work deserve its own Wikipedia page, and when does the scientist themselves deserve a separate page?

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MacroBusiness Wednesday, August 8, 2018 - 16:45 Source

Another mixed day here in Asia with most stock markets finishing in the red, failing to make good on the positive Wall Street lead overnight. A late safe haven run to Yen has seen the USDJPY pair bring down advancing Japanese markets, while the Aussie dollar remains above 74 cents. Yesterday’s reversal on the Shanghai Composite was

The post Macro Afternoon appeared first on MacroBusiness.

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Club Troppo Wednesday, August 8, 2018 - 16:44 Source

There’s an amazing amount of dreck about – masquerading as the latest thinking. It’s not that there isn’t a lot to think about, so it’s easy to think you should read this or that. How to choose? One of my filters is the first page test, or even the first paragraph test. Does the first paragraph have arresting ideas in it. Ideally does it intimate a whole bunch of ideas in ways that make you think the author might have been pondering them for some time, bringing them into some compelling relation to each other.

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Cheeseburger Gothic Wednesday, August 8, 2018 - 15:28 Source

I stumbled across this obscure treasure because Alex Lloyd, my former editor at Pan Mac, tweeted it out. As he should, it's his passion project. Alex and the rocksteady LoTL crew have been interviewing Australian veterans and packaging up the results as a podcast: Life on the Line.

The most recent ep, the one which drew me in, was a session with Trooper Mark Donaldson VC. I'd read his book, The Crossroad, a couple of years ago and it went straight to the shelf in my professional library.

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