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Renew Economy Tuesday, March 31, 2020 - 13:01 Source

Acciona’s Brett Wickham joins Energy Insiders to discuss his company’s plans for a 1029MW wind farm in Queensland, and the future of storage. Plus: Genex lands contract for pumped hydro.

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MacroBusiness Tuesday, March 31, 2020 - 13:00 Source

Via The Hill: President Trump on Monday said he would speak to Russian President Vladimir Putin following a morning call into “Fox & Friends,” offering a lengthy defense of his effort to forge a relationship with Russia. “Right after this call I’m speaking to a gentleman named Vladimir Putin. That’s my next call,” Trump told the Fox News hosts when

The post El Trumpo goes cap in hand to Putin appeared first on MacroBusiness.

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Renew Economy Tuesday, March 31, 2020 - 12:59 Source

Decmil lifts lid on dispute over the delayed Sunraysia solar farm in NSW, which has now widened to include the inverter supplier.

The post Contracting giant lifts lid on dispute over delayed Sunraysia solar farm appeared first on RenewEconomy.

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MacroBusiness Tuesday, March 31, 2020 - 12:40 Source

Via Morgan Stanley comes confirmation of what we’ve been saying for weeks: Importantly, this new forecast continues to assume more social distancing and a continued rapid increase in testing. We would highlight that the biggest risk to this forecast is that while we have reasonable confidence the East and West coasts will reach peak cases

The post Morgan Stanley: US pandemic shaping as much worse than Italy appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 31, 2020 - 12:32 Source

Or do you they? From the NBS: In March , China’s manufacturing purchasing manager index ( PMI ) was 52.0% , a 16.3 % increase from the previous month . From the perspective of enterprise scale, the PMIs of large, medium and small enterprises were 52.6% , 51.5% and 50.9% respectively , up 16.3 ,

The post Chinese PMIs go boom! Or do they? appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 31, 2020 - 12:20 Source

LaTrobe Financial has optimistically tipped a “strong and sharp rebound” for the Australian housing market once the coronavirus outbreak passes: Amid the doom and gloom over coronavirus, LaTrobe Financial says it expects the housing market to surge following a temporary slowdown. In a message to investors, LaTrobe Financial senior vice-president and chief investment officer Chris

The post No “strong and sharp rebound” for Aussie housing market appeared first on MacroBusiness.

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Renew Economy Tuesday, March 31, 2020 - 12:17 Source

CleanCo in the market for more storage, despite allocating entirety of latest auction to a single wind project with no battery.

The post CleanCo says still in market for storage, despite RE400 going to one wind farm appeared first on RenewEconomy.

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MacroBusiness Tuesday, March 31, 2020 - 12:00 Source

Via Westpac: Not for now, but the risks are growing. In the end, it will to a significant degree come down to hard to forecast subjective or qualitative assessments around the sovereign’s risks. • Australia’s AAA S&P sovereign rating will come under renewed surveillance over coming weeks. The heightened uncertainties around the economic impacts of

The post Will Australia lose its AAA rating? (lol) appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 31, 2020 - 11:52 Source

The Reserve Bank of Australia (RBA) has released its private sector credit aggregates data for the month of February 2020: A chart showing the long-run breakdown in the components is provided below showing broad-based weakness: In particular, the flow of personal credit fell 5.3% year-on-year. A long-run breakdown of owner-occupied credit (0.39% MoM; 1.32% QoQ;

The post Mortgage growth weakened into virus bust appeared first on MacroBusiness.

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Renew Economy Tuesday, March 31, 2020 - 11:52 Source

Coal mining challenge at an open pit clive palmer waratah coal galilee basin - optimisedResearchers say a coal phase-out would bring net benefits to global economy, and exporters like Australia should not be allowed to "free-ride".

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Club Troppo Tuesday, March 31, 2020 - 11:44 Source
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Red Bluff Tuesday, March 31, 2020 - 11:41 Source

Global Voices @globalvoices is looking for authors in New Zealand and the Pacific.

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MacroBusiness Tuesday, March 31, 2020 - 11:40 Source

Hmmm…via Hollywood Reporter: Over the past two weeks, hundreds of movie theaters in the country had begun to reopen. No reason for the policy reversal was given, but insiders believe the government is worried about a potential second wave of coronavirus infections. China’s film regulators has slammed the brakes on plans to gradually reopen the

The post Uh oh. China reopens cinemas then shuts ’em appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 31, 2020 - 11:36 Source

CoreLogic’s dwelling price results have for March were released over the weekend, which revealed another 0.7% increase in values over the month at the 5-city level, driven by strong growth in Sydney (1.1%): It was the ninth consecutive monthly acceleration in home values at the 5-city level: Over the March quarter, dwelling values rose by

The post Last hurrah as property values rise 0.7% in March appeared first on MacroBusiness.

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Renew Economy Tuesday, March 31, 2020 - 11:22 Source

Batteries have a limited ability to charge or discharge energy at any point in time. This means that how you operate a battery now impacts your ability to earn future revenue.

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MacroBusiness Tuesday, March 31, 2020 - 11:20 Source

Is that all? Via OECD: The increasing spread of the coronavirus across countries has prompted many governments to introduce unprecedented measures to contain the epidemic. These are priority measures that are imposed by a sanitary situation, which leave little room for other options as health should remain the primary concern. These measures have led to

The post OECD: Australian growth to fall 22% appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 31, 2020 - 11:00 Source

Via Bloomie: Relax, eat out and shop. That’s the latest message from the Chinese government to its people, after months of warning them to stay indoors because of the coronavirus. In a bid to jump start consumption that all but disappeared during the outbreak, authorities in some places are distributing vouchers, asking companies to give

The post China warns that v-shaped recovery is not coming appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 31, 2020 - 10:54 Source

The Australian dollar is soft: Bonds are still firm if off a little: Stocks to the moon! The mix is amusing. Big Dirt is not up much: But Big Ponzi is through the roof: Hoocoocoodanode that seven million Australians on welfare could lead to a stock market boom?

The post ASX booms as seven million Australians collect new dole appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 31, 2020 - 10:40 Source

So, the Fact Sheets on the Morrison Government’s “Job Keeper” $1500 a fortnight wage subsidy have been released and, as expected, they are overly complicated. Fact Sheet for Job Keeper Employers Fact Sheet for Job Keeper Employees For mine, there are four major issues with the scheme’s set up. 1. Inadequate business cash flow: Perhaps

The post Wage subsidy’s other big flaw: inadequate business cash flow appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 31, 2020 - 10:20 Source

The Murdoch press is truly nation destroying. Let me be a little more specific. Paul Kelly is truly nation destroying. Having grovelled and crawled his way through months of Morrison Government blundering, today he crowns it all with this little gem: The Morrison government has averted a depression in Australia. This is the most momentous

The post Scotty from Marketing rebrands Depression appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 31, 2020 - 10:00 Source

Roy Morgan Research has released a new poll showing that 85% of Australians believe the ‘worst is yet to come’ with respect to the coronavirus, with just under half believing that the Morrison Government is doing a good job handling the crisis: Nearly nine-in-ten Australians (85%) say the ‘Worst is yet to come’ over the

The post Aussies reject ScoMo’s handling of virus appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 31, 2020 - 09:45 Source

Via ANZ: ANZ-Roy Morgan Australian Consumer Confidence: ‘Future finances’ and ‘inflation expectations’ rose, but we aren’t getting carried away. ‘Current economic conditions’ fell >9% and are down ~50% over 2 weeks, to the lowest ever level. Here’s the longest time series I can find for the Westpac series: Only around 1990 lows. We can lower

The post Consumer confidence obliterated to all-time low appeared first on MacroBusiness.

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Your Democracy Tuesday, March 31, 2020 - 09:40 Source

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"Even though large tracts of Europe and many old and famous States have fallen or may fall into the grip of the Corona and all the odious apparatus of Virus rule, we shall not flag or fail. We shall go on to the end. We shall fight in France, we shall fight on the seas and oceans, we shall fight with growing confidence and growing strength in the air, we shall defend our island, whatever the cost may be."

 

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MacroBusiness Tuesday, March 31, 2020 - 09:40 Source

Via the excellent Damien Boey at Credit Suisse: The Australian government has pledged an additional $130 billion over the next 6 months in wage subsidies. Eligible firms will be paid $1500 per fortnight to subsidize workers stood down in the wake of COVID-19 shutdowns. The stimulus comes on top of the second $66 billion stimulus

The post Earnings shock building fast appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 31, 2020 - 09:30 Source

By Chris Becker  Overnight risk markets took the stimulus ball and ran with it, ignoring the growing COVID-19 virus caseload and deaths, particularly in the heart of the global economic machine, the USA. Quarter and month end rebalancing may also be playing a part, but it seems like another short covering bounce as the economic

The post Macro Morning appeared first on MacroBusiness.

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Harrangue Man Tuesday, March 31, 2020 - 09:25 Source

There was a change over the past two days; social distancing is now embedded. A jogger ran a wide berth around my bike. There are less people out.I dropped my chain going into scrub to avoid someone who was already off the path; I had to glide home.The grass is long, like post-civ long, and the feathery tendrils droop over the path to brush your legs as you glide down.People trapped at home are clearly doing some jobs.

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MacroBusiness Tuesday, March 31, 2020 - 09:20 Source

Is the WHO biased? I don’t know. How could I? What we can say is that it is clearly biased in favour of the Communist Party of China. We have seen that in its delayed responses throughout the Wuhan flu pandemic. Now there is this, via the BBC: Taiwan is seen as one of the

The post After the virus comes the revolution. Or not appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 31, 2020 - 09:00 Source

Iron ore prices for March 30, 2020: Spot was hit. Paper was mualed as contracts rolled forward. Steel too. This is what I expect for the rest of the year. More and more pricing pain as the global depression sucks away demand more fully than supply is curtailed by the virus.

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

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Poll Bludger Tuesday, March 31, 2020 - 08:41 Source

Two new polls suggest early skepticism about the threat posed by coronavirus is fast disappearing.

The post Essential Research and Roy Morgan: more coronavirus polling appeared first on The Poll Bludger.

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MacroBusiness Tuesday, March 31, 2020 - 07:34 Source

DXY was up overnight: The Australian dollar was roughly stable as the rocket flamed out: But surged against EMs: Gold yawn: Oil is worthless: Which does not bode well for dirt: Miners were OK: EM stocks too: US junk rallied. Not EM: Bonds were mixed: Stocks tacked on gains: Westpac has the wrap: Event Wrap

The post Australian dollar rocket flames out appeared first on MacroBusiness.

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