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Digitopoly Friday, May 15, 2015 - 13:22 Source

What is the economic value of online behavioral data? It is a seemingly simple question.

Define the terms. Behavioral data refers to information produced as a result of actions, typically commercial behavior using a range of devices connected to the Internet, such as a PC, tablet, or smartphone. Behavioral data tracks the sites visited, the apps downloaded, or the games played.

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Renew Economy Friday, May 15, 2015 - 12:46 Source

It's time for the Latrobe Valley brown coal mines to be taught new tricks, such as how to store renewable energy with pumped hydro.

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MacroBusiness Friday, May 15, 2015 - 12:44 Source

by Chris Becker Regular readers of my Macro Morning report would know that the gold price in USD recently broke out of a sideways funk, ostensibly on a poor retail spending economic report: Compare and contrast this daily breakout to that of the US Dollar Index (DXY), a weighted basket of major and minor currencies, which

The post Understanding gold investment appeared first on MacroBusiness.

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MacroBusiness Friday, May 15, 2015 - 12:25 Source

Regular readers will know that one the themes discussed regularly is the pro-cyclicality of the steel cycle (h/t Researchtime). By that we mean that when a steel demand shock such as the one we’ve just had in China arrives it creates its own demand. It takes a lot of steel to build the furnaces, mills, railways, ports,

The post Global shipping sails into steel implosion cycle appeared first on MacroBusiness.

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MacroBusiness Friday, May 15, 2015 - 12:20 Source

By Leith van Onselen Today’s Lending Finance data for March, released by the ABS, revealed that lending outside of housing remains soft. The below charts, which track lending on a trend basis, illustrate the current state of play. First, total finance commitments initially peaked in June 2014, and have moved up by only 2.7% since

The post Lending soft, except for housing appeared first on MacroBusiness.

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MacroBusiness Friday, May 15, 2015 - 11:52 Source

By Leith van Onselen Sydney’s speculator frenzy has reached truly epic proportions, with today’s Lending Finance data for March, released by the ABS, once again obliterating all records, with both the value and proportion of mortgages going to New South Wales investors surging to another all time high. As shown below, the value of investor

The post Sydney property investor lunatics overrun the asylum appeared first on MacroBusiness.

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MacroBusiness Friday, May 15, 2015 - 11:46 Source

From Bloomie: “Iron ore is something where every big, major mining company in the world decided to bring a huge project on at the same time, which caused prices to fall by 65 percent,” Anderson said, speaking in a Bloomberg Television interview with Stephanie Ruhle at the Commodity Debate conference in New York. …“With the

The post “$40 needed” to balance iron ore market appeared first on MacroBusiness.

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MacroBusiness Friday, May 15, 2015 - 11:39 Source

Cross posted from Martin North’s DFA blog. The latest DFA Household Finance Confidence Index (FCI) to end April 2015, showed a further slight fall, from 91.97 in March to 91.87 in April, and continues to track below the long term neutral position. The results are derived from our household surveys, averaged across Australia. We have

The post Household confidence falls further appeared first on MacroBusiness.

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MacroBusiness Friday, May 15, 2015 - 10:51 Source

Consolidation is going well, from The Australian: Atlas Iron has resumed full production at all three of its iron ore mines, with the junior miner also announcing a reduced break even cost of below $US50   vs the current spot iron ore price of $62.30 a tonne, thanks to a two-year “contractor collaboration agreement.” Under the collaboration

The post Atlas resumes full production at all mines appeared first on MacroBusiness.

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MacroBusiness Friday, May 15, 2015 - 10:06 Source

Here are the iron ore price charts for May 14, 2015: Apologies for lateness this morning, data issues. Qingdao spot held up well. Tianjin benchmark was weaker at -1.3% to $61.20. Paper is retracing. Singapore doesn’t believe. Dalian had  a shocker but is stable overnight. Rebar average is right on an all time low. There’s

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

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Prosper Australia Friday, May 15, 2015 - 09:28 Source

West Australia’s Barnett government has just handed down its budget. It is the ugliest baby I have ever seen. The AFR reports: All key financial measures have been blown apart in the state budget, with net debt (above $30 billion) cash deficits (above $5 billion) and debt to revenue ratios (above 80 per cent) hitting […]

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MacroBusiness Friday, May 15, 2015 - 09:12 Source

by Chris Becker This week’s poor retail sales numbers for April in the US have really put to question the firmness of future rate hikes, confirming a poor Q1 GDP print even as job numbers look good, wage inflation remains positively stagnant. This survey from the WSJ via the chaps at ForexLive have the majority of economists seeing

The post Fed to delay rate hike again appeared first on MacroBusiness.

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MacroBusiness Friday, May 15, 2015 - 08:15 Source

By Chris Becker A mixed Asian session has turned into ebullience overnight as the rout in the bond market finally took a pause, with major yields falling across the board. A better than expected weekly initial jobless claims print in the US helped lift stocks and deep deflation in the PPI pushed tightening fears out

The post Macro Morning (stock rocket) appeared first on MacroBusiness.

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MacroBusiness Friday, May 15, 2015 - 08:10 Source

From contrarian signal generator The Madometer today: No one should be surprised that the Australian dollar has spiked. The unit may have given some of that back overnight, losing half a cent or so, but still, the fact that policymakers couldn’t foresee it is deeply troubling. So much has gone into driving the dollar down, yet

The post Madometer signals imminent falls for Aussie appeared first on MacroBusiness.

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MacroBusiness Friday, May 15, 2015 - 07:11 Source

I have a new experiment demonstrating the sheer power of back-scratching, even when it imposes huge costs on others.  These days it seems that just about every political decision is about doing favours for the connected few at the expense of the many. It is part of an implicit quid pro quo; trading of favours now for

The post The economic damage of mateship appeared first on MacroBusiness.

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Popular Science Friday, May 15, 2015 - 06:29 Source

Phone calls to automated customer service lines inspire a unique brand of ire. Now a New Zealand-based digital marketing company is creating a robot that can mimic our uniquely human wrath in order to help companies better field calls from angry customers.

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Popular Science Friday, May 15, 2015 - 06:29 Source

Napoleon's army may have marched on its stomach, but a modern military force needs more than just food to survive in the field. Electricity powers everything on an army base, so having a power grid is important if troops are going to be able to function inside a country. War often takes troops to places where the infrastructure is unavailable, destroyed, or never existed, so it's up to the U.S. Army to bring their own power with them. Tested from April 13 through April 24 at Fort Leonard Wood, Missouri, the Army has its own portable mini power grid.

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Popular Science Friday, May 15, 2015 - 06:29 Source

Doing surgery on some of the body's softest tissues is like shaving a balloon without popping it: the task requires delicate movements of sharp tools. The challenge is even bigger when it's a robot doing surgery--it can wield the tools just fine, but it runs the risk of injuring surrounding tissues, especially if organs need to be shifted or lifted in order for the tools to gain access. Moldable materials that can stiffen selectively, such as elephant trunks and snakes, could be useful for moving soft tissues and organs for less invasive procedures such as laparoscopies.

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Popular Science Friday, May 15, 2015 - 06:29 Source

In the aftermath of a nuclear event like the Fukushima disaster, medical professionals have to quickly determine which victims they should treat for radiation poisoning, and which are beyond help. Right now, the only way doctors can figure it out is to estimate how much medication to give a patient based on her estimated distance from the center of the radiation leak, or to look at how many white blood cells had died in a patient's blood sample.

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Popular Science Friday, May 15, 2015 - 06:29 Source

Instead of the red blush of a Macintosh, Apple seems to be turning a bright shade of Granny Smith green. This week Greenpeace released their Click Clean report, an analysis of the environmental practices of the largest internet tech companies.

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MacroBusiness Friday, May 15, 2015 - 05:17 Source

By Leith van Onselen In the week ended 14 May 2015, the Core Logic-RP Data 5-city daily dwelling price index, which covers the five major capital city markets, fell by 0.37% (see next chart). Values fell across all major capitals (see next chart). So far in May, home values have fallen by 0.25%, with falls

The post RP Data weekly Australian house price update appeared first on MacroBusiness.

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MacroBusiness Friday, May 15, 2015 - 00:46 Source

From Dad’s Army: The federal government is set to release a revamped Significant Investor Visa (SIV) program today, forcing foreign investors who want to acquire citizenship to set aside $2.5 million for investing in start-up and emerging companies. The new program wants to divert the billions of dollars raised from the scheme away from ultra-safe investments

The post Citizenship exports must invest in startups appeared first on MacroBusiness.

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MacroBusiness Friday, May 15, 2015 - 00:20 Source

With the release late yesterday of the WA Budget, we can say that Colin Barnett and his treasurer Dr Mike Nahan (let’s call them Dr Nahnet for ease) have learned their lesson; that it’s not a great idea to make fanciful iron ore price forecasts.  The new Budget slashes the outlook for the iron ore

The post WA opens new act in Budget comedy appeared first on MacroBusiness.

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MacroBusiness Friday, May 15, 2015 - 00:20 Source

From S&P: Bulletin: Ratings On State of Western Australia Remain On CreditWatch Negative After Government’s Fiscal 2016 Budget MELBOURNE (Standard & Poor’s) May 14, 2015—Standard & Poor’s Ratings Services said today that its ratings on the State of Western Australia (AA+/Watch  Neg/A-1+) remain on CreditWatch with negative implications after the release  of the state government’s

The post S&P leaves WA on downgrade watch appeared first on MacroBusiness.

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MacroBusiness Friday, May 15, 2015 - 00:16 Source

Ah, the cycle accelerates downward. From Reuters: China’s steel consumption will likely fall 6 percent this year, an industry official from the country said on Thursday, underlining how a slowdown in the world’s No. 2 economy will continue to hurt industrial demand. Chinese crude steel consumption dropped 3.4 percent last year, shrinking for the first

The post China steel consumption crashing appeared first on MacroBusiness.

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Friday, May 15, 2015 - 00:16 Source

Destroy the Joint tally as of 12 May 2015After cutting $30 million from affordable housing and crisis housing services in late 2014, only extending the National Partnership Agreement on Homelessness which helps fund domestic violence refuges for another

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MacroBusiness Friday, May 15, 2015 - 00:15 Source

From the AFR: The iron ore industry is likely to face a Liberal-led parliamentary inquiry after Rio Tinto’s Australian managing director, Phil Edmands, mounted an 11th hour bid to kill a Senate inquiry proposed by an ally of Fortescue Metals Group chairman Andrew Forrest, Senator Nick Xenophon. Senator Xenophon, who accused the big miners of conducting a “furious campaign” against his planned inquiry, on

The post Nick and Joe enter iron ore war appeared first on MacroBusiness.

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Friday, May 15, 2015 - 00:15 Source

AGL Energy Limited (AGL) sells and markets gas and electricity.

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MacroBusiness Friday, May 15, 2015 - 00:03 Source

by Chris Becker From Bloomberg’s David Ingles, this fascinating chart may explain the euphoric rise of the Shanghai Composite (up 120% in one year) in a stroke: This is not surprising at all given the voracious appetite for gambling that is inherent in Chinese culture, much like the two Aussies who bet on a fly

The post Is China’s stock market its new casino? appeared first on MacroBusiness.

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MacroBusiness Friday, May 15, 2015 - 00:02 Source

Cross-posted from Investing in Chinese Stocks. Real estate investment growth barely grew in April from the year ago period, with growth at 0.5%. The bright spot in the report was improving sales, which ticked up sharply in April. Year to date, growth is still negative versus 2014, but the data is improving. Land sales were

The post More on China’s falling realty investment appeared first on MacroBusiness.

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