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Cheeseburger Gothic Tuesday, October 16, 2018 - 10:27 Source

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MacroBusiness Tuesday, October 16, 2018 - 10:15 Source

By Leith van Onselen After the Grattan Institute recently rubbished the Victorian Government’s announced plans for a $50 billion gigantic rail tunnel loop, claiming the project has been announced without Infrastructure Victoria’s expert advice and without conducting a business case, more transport ‘experts’ have cast doubt on the plan: Transport experts have questioned why it

The post Experts rubbish Vic Labor’s $50b rail megaponzi appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 16, 2018 - 10:08 Source

Via RIO: Not rally market moving. Still on track for guidance.

The post RIO slows on fatality appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 16, 2018 - 10:00 Source

Via Bloomie: Ulf Lindahl, chief executive officer of AG Bisset Associates, predicts the dollar will plunge about 40 per cent against the euro by 2024. The currency manager’s reasoning is straightforward-since the 1970s, the dollar has been repeating a 15-year cycle of losses and gains, and the pattern is replaying now. To some, Lindahl’s call

The post Of course the US dollar is going to tumble appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 16, 2018 - 09:51 Source

Via NAB comes more news to upset the banks:    

The post NAB joins bank’s profit warning cavalcade appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 16, 2018 - 09:45 Source

It’s both riveting and horrible watching the major bank’s abort the next round of regulatory reform before it is even born, from The Australian: The word on the street is that Jacinta Ellis, a 12-year APRA veteran and a senior manager in the legal group, has defected to National Australia Bank, taking up a regulatory affairs

The post Ken Henry’s NAB deepens the APRA swamp appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 16, 2018 - 09:30 Source

Australia’s dangerous politics of symbolism rolls on today. At The Guardian Wentworth is all about climate change: The bricklayer can be sued and even jailed. If a doctor finds some old packets of thalidomide in their surgery and, in spite of the overwhelming scientific evidence of its horrific effects, dispenses it to pregnant women, they

The post I’ll see your climate change and raise you a Jerusalem appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 16, 2018 - 09:15 Source

By Leith van Onselen ABC 7.30 Report last night aired part one of its three-part population special, which included me as the economist. While I will reserve judgement until the final two-parts have been aired, my initial gut reaction is disappointing. The main problem I see with it so far is the ABC has inferred

The post ABC 7.30 Report population special (Part 1) appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 16, 2018 - 09:00 Source

Iron ore prices for October 15, 2018: Spot eased. Paper fell more. Steel is up again. I still see the complex falling through the end of the year and into Q1 before a solid 2019.

The post Daily iron ore price update (flame out) appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 16, 2018 - 08:30 Source

By Chris Becker Equity markets are still feeling the pressure with US stocks slipping following what looked like a positive session and rebound in Europe. The USD remains under a cloud as well with the antipodean currencies lifting in the wake of a lower than expected advanced retail sales print. Treasuries were largely unchanged and

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 16, 2018 - 07:47 Source

DXY was down overnight with CNY and EUR up: AUD was up modestly against DMs: But could not match EMs: Gold rallied again: Oil held on: Base metals fell: But miners rose: EM stocks fell: But junk rallied: As Treasuries were bought: And bunds: Even Italy a bit: Stocks fell moderately: Westpac has the wrap:

The post Volatility persists in global stocks appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 16, 2018 - 00:16 Source

From CoreLogic comes weekly indices that look ugly for property. Unsold listings are piling up: Leading mortgages are falling down: And auction clearance patterns remain poor with Sydney’s mortgage belt pain intensifying while Melbourne just falls everywhere: There is nothing but more pain here.

The post Unsold properties pile up appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 16, 2018 - 00:15 Source

By Leith van Onselen Just a fortnight after the Grattan Institute released propaganda claiming “Australia’s urban commuters have little to fear from population growth”, that “migration has not brought cities to a standstill”, and that the impact of population growth is “benign”, the truth has been revealed yet again, with the Australian Automobile Association (AAA)

The post Traffic congestion is getting worse, led by Sydney and Melbourne appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 16, 2018 - 00:15 Source

From Bill Evans, the most honest of the of the major bank economists by some distance:

The post Bill Evans: House price leading indicators worse than GFC appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 16, 2018 - 00:10 Source

Via BofAML which see the Australian dollar jumping to 84 cents by year-end 2019: We are relatively optimistic. The fundamentals are strong in Australia, particularly for the labour market. A key reason that we thought the [US] dollar would be strong was the fiscal stimulus. Looking ahead the impact will start to fade and we

The post BofAML: Outbreak of global peace to drive AUD to 84 cents appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 16, 2018 - 00:08 Source

By Leith van Onselen The Teranet-National Bank House Price Index for September has been released, which shows that Canadian house price growth has bounced from last month’s post-Global Financial Crisis (GFC) low: In the year to September, Canadian home values rose by just 2.1%, up from 1.4% last month. The rebound was driven by Toronto,

The post Canadian house price growth bounces from post-GFC low appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 16, 2018 - 00:05 Source

Via the ABC because we have so much in common: Chinese football’s governing body has turned to military drills in its latest attempt to fulfil President Xi Jinping’s goal to make the country a great football power by the turn of the century. Over the weekend, more than 50 of the country’s top under-25 players

The post Cold War China militarises soccer team appeared first on MacroBusiness.

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MacroBusiness Tuesday, October 16, 2018 - 00:01 Source

Global Macro / Markets / Investing: Uber’s secret weapon is its team of economists – Quartz Bitcoin must die – Slugger Dr. Doom Ignites A Bitcoin Firestorm – Forbes Oil could hit $200 ’or even double that figure’: Saudi threatens to retaliate against any sanctions over Khashoggi disappearance – Financial Post U.S. Stocks Have Been

The post Links 16 October 2018 appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, October 15, 2018 - 21:33 Source

“With the Liberal Party, you know what you are going to get,”  says the unelected PM who replaced the elected PM causing the surprise by-election. He was speaking to the voters of Wentworth about the dangers of electing an independent. The Liberals are all over the dangers of the “wrong” result on Saturday. It could…

The post Stability, Promises The PM Who Was Elected Eight Weeks Ago… appeared first on The AIM Network.

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The Australian Independent Media Network Monday, October 15, 2018 - 20:39 Source

It takes a brave pundit to predict the outcome of the Wentworth bi-election just days before the votes are cast, but the actual outcome, either way, will be less interesting than the swing away from the government, the fallout from which, will be what determines its fate between now and next May. A loss in…

The post The Fallout from Wentworth appeared first on The AIM Network.

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The Australian Independent Media Network Monday, October 15, 2018 - 17:45 Source

By Stephen Fitzgerald Most of the problems we face, in Western society, are a result of the ravages of corporate greed. The Trans-Pacific Partnership (TPP) is another example of corporates expanding their power base to the detriment of the countries they overrun. In the news today, you will hear the distant rumblings of the true…

The post The predators behind the Trans-Pacific Partnership appeared first on The AIM Network.

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MacroBusiness Monday, October 15, 2018 - 17:15 Source

Despite the positive finish on Wall Street on Friday night, markets here in Asia are continuing to selloff as tensions mount in the Middle East with Saudi stock markets tanking on the weekend (about the only thing they get right is allowing trading on weekends!) plus a fallout from German and Italian political troubles. Safe

The post Macro Afternoon appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, October 15, 2018 - 16:15 Source

“It is to be regretted that the rich and powerful too often bend the acts of government to their selfish purposes” (President Andrew Jackson, Washington, July 10, 1832). They are three players, all problematic in their own way. They are the creatures of inconvenient chaos. Donald Trump was born into the role, a misfit of…

The post Agents of Chaos: Trump, the Federal Reserve and Andrew Jackson appeared first on The AIM Network.

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The Australian Independent Media Network Monday, October 15, 2018 - 15:43 Source

The sails of the Sydney Opera House were being used as a billboard for a horse race a few days ago. Regardless of the value of the horse race, or the ethics about using a UNESCO listed landmark for promotion of gambling, there is a problem about the way it was done. According to The Guardian,…

The post Sailing into irrelevance appeared first on The AIM Network.

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Renew Economy Monday, October 15, 2018 - 15:26 Source

Still well ahead on three-year performance, Australian CleanTech Index fell behind ASX200 in first quarter of FY2019 thanks to poor performance of Sustainable Minerals sub-index.

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Renew Economy Monday, October 15, 2018 - 15:17 Source

Coalswarm is an anti-coal NGO that is using satellite technology to keep track of coal generators across the world. We interview found and director Ted Nace, also the author of Gangs of America.

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MacroBusiness Monday, October 15, 2018 - 15:12 Source

I never thought I’d say this, but The ABC might actually do justice to the population debate after Four Corners’ recent heavily biased special (which featured a swathe of pro-‘Big Australia’ spruikers like Bernard Salt, Innes Willox, Liz Allen and Peter McDonald). Tonight, ABC 7.30 Report will air part-one of a three part special, which

The post Watch ABC 7.30 Report’s population special tonight appeared first on MacroBusiness.

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Renew Economy Monday, October 15, 2018 - 15:10 Source

Liesbeth and Edwin ter Velde are heading to Antarctica in a vehicle named Solar Voyager made from plastic waste and powered by the sun.

The post New Antarctic expedition runs on solar and plastic waste appeared first on RenewEconomy.

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Renew Economy Monday, October 15, 2018 - 14:59 Source

New report shows Great Britain share of generation from fossil fuels has fallen from 74 per cent in 2010 to 41 per cent in the latest quarter.

The post Great Britain hits record-low share of fossil fuel generation appeared first on RenewEconomy.

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Renew Economy Monday, October 15, 2018 - 14:55 Source

Tesla extends viewing opportunities for Model 3 ahead of official launch in Australia in 2019.

The post Tesla Model 3 tours east coast, brings plans for more Australian chargers appeared first on RenewEconomy.

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