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MacroBusiness Friday, December 3, 2021 - 13:00 Source

Calculated Risk with the note: On Friday at 8:30 AM ET, the BLS will release the employment report for November. The consensus is for 563 thousand jobs added, and for the unemployment rate to decrease to 4.5%. There were 531 thousand jobs added in October, and the unemployment rate was at 4.6%. • First, currently

The post US jobs preview appeared first on MacroBusiness.

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MacroBusiness Friday, December 3, 2021 - 12:40 Source

Below is an article that I wrote this week for News.com.au: This week, CoreLogic recorded another strong 1.3 per cent rise in Australian dwelling values, with values up an astonishing 22 per cent annually, led by extreme growth in Sydney (25.8 per cent), Brisbane (25.1 per cent) and Adelaide (up 21.4 per cent). This marked

The post Where house prices will outperform in 2022 appeared first on MacroBusiness.

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MacroBusiness Friday, December 3, 2021 - 12:20 Source

The post FriendlyJordies unpacks property’s game of mates appeared first on MacroBusiness.

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MacroBusiness Friday, December 3, 2021 - 12:00 Source

MB has long argued that Australia’s skilled visa program is poorly targeted with the majority of visas granted to professions experiencing an oversupply of workers. According to the federal government’s own historical skills shortage data, engineering has not been in shortage. Yet, the federal government has kept engineers on the skills shortage list, thereby ensuring

The post Half of migrant engineers unemployed despite “shortages” appeared first on MacroBusiness.

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Your Democracy Friday, December 3, 2021 - 11:43 Source

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It was 12 years ago on Wednesday that Tony Abbott knifed Malcolm Turnbull to become leader of the Opposition and start breaking Australian politics.

It remains broken.

Mr Abbott and his accomplices so poisoned the well that neither of our major parties can propose rational, efficient climate policy.

 

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MacroBusiness Friday, December 3, 2021 - 11:40 Source

Goldman is cautious: With Omicron uncertainty continuing to weigh heavily on markets amid an already sharp pickup in COVID cases, we assess the risks the new variant presents to global (andEuro area and UK) growth. We estimate that a downside scenario in which the variant transmits more quickly and evades immunity against infection more than

The post OMICRON BTFD? appeared first on MacroBusiness.

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MacroBusiness Friday, December 3, 2021 - 11:20 Source

Sinocism with the note: China advisers to recommend lower 2022 GDP target as headwinds grow – sources | Reuters Investors are closely watching for clues on next year’s policy and reform agenda as President Xi Jinping and other top leaders hold the annual Central Economic Work Conference due this month. Three advisers told Reuters they

The post China debates new growth target appeared first on MacroBusiness.

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MacroBusiness Friday, December 3, 2021 - 11:00 Source

Developers have fronted the parliamentary inquiry into housing affordability and admitted that simply rezoning land won’t lower property prices: CHAIR: Is it not your view that, if we increase the amount of supply, prices will go down? Mr Helmers: I don’t think that’s the case. Like Richard, I think what we would expect to see

The post Developers: Rezoning more land won’t lower property prices appeared first on MacroBusiness.

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xkcd.com Friday, December 3, 2021 - 11:00 Source

Each one contains a chocolate shaped like a famous spacecraft and, for the later numbers, a pamphlet on managing anxiety.

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MacroBusiness Friday, December 3, 2021 - 10:30 Source

Wednesday’s national accounts release for the September quarter posted another 4.2% quarter-on-quarter increase in company profits, which hit a fresh record annual high of $579 billion: By comparison, total compensation of employees only rose by 0.5% over the quarter. The divergence between workers and bosses since the pandemic began is stark and illustrated in the

The post Company profits ride the stimulus wave appeared first on MacroBusiness.

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Your Democracy Friday, December 3, 2021 - 10:13 Source

questionquestionA UK government minister has blamed the “pantomime season” and upcoming French election for “unhelpful” remarks allegedly made by President Emmanuel Macron about the British prime minister.

According to the weekly satirical newspaper Le Canard Enchaîné, President Macron recently called Boris Johnson “a clown” and a “proud knucklehead”.

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Renew Economy Friday, December 3, 2021 - 10:12 Source

Shadow Minister for Climate Change Chris Bowen.</body></html>

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Renew Economy Friday, December 3, 2021 - 10:08 Source

Hazelwood power station - Jeremy Buckingham via creative commons 2 - optimised

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MacroBusiness Friday, December 3, 2021 - 10:00 Source

The ferrous complex was weak on December 2, 2021 as everything fell: Brazil released its November export figures at 29.1mt, up solidly on last year YTD is a good gain. Expect roughly the same next year: In terms of power prices in China, thermal coal futures have fallen away again: As have coking coal futures:

The post Daily iron ore price update (waiting for the star to fall) appeared first on MacroBusiness.

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MacroBusiness Friday, December 3, 2021 - 09:30 Source

The news flow in the Chinese development sector is relentlessly poor: Developer Asks Employees to Take Leave (3:15 p.m. HK) A local unit of Chinese property developer China South City Holdings Ltd. has asked some employees to take more than four months of leave, China Business News reported, citing a company document. The employees will be

The post Evergrande and friends sink appeared first on MacroBusiness.

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MacroBusiness Friday, December 3, 2021 - 09:30 Source

Equity markets were mixed again in fortune overnight although Wall Street came through with a late bounce despite another round of hawkish Fed speeches, with post close futures indicating a bit more hope sneaking into Asian equities for the last session of the week. The bond market continues to broadcast earlier than expected Fed rate

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Friday, December 3, 2021 - 09:00 Source

The orgy of sleaze and corruption overseen by the Liar has no bottom: Scott Morrison is fighting to regain political control after Education Minister Alan Tudge stood aside over abuse allegations and the deferral of key parts of the government’s legislative agenda including promised religious freedom protections. At the end of a fortnight dominated by

The post Liar engulfed by orgy of sleaze and corruption appeared first on MacroBusiness.

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Renew Economy Friday, December 3, 2021 - 08:54 Source

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Renew Economy Friday, December 3, 2021 - 08:47 Source

Massive Queensland green hydrogen project signs up 600MW solar farm, the first of a dozen similar deals to reach its 2030 production targe

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MacroBusiness Friday, December 3, 2021 - 08:30 Source

Via AIG: New orders weak everywhere except infrastructure. Full report.

The post Stimulus drives Construction PMI appeared first on MacroBusiness.

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MacroBusiness Friday, December 3, 2021 - 07:32 Source

DXY firmed last night and EUR fell as OMICRON fears eased: The Australian dollar is at new closing lows on all crosses this morning and appears to be grinding through the 0.71c support level: Oil capitulated then found a bid as a desperate Goldman issues notes hourly: Base metals were weak: But big miners took

The post Australian dollar sinks to new lows appeared first on MacroBusiness.

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Renew Economy Friday, December 3, 2021 - 06:21 Source

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MacroBusiness Friday, December 3, 2021 - 00:10 Source

Anybody denying that Australia is the property equivalent of a Narco state only needs to read the comments from the AFR Property Summit with respect to immigration: “All property sectors for the past 50 years, [were] driven by overseas migration, whether it be the population [or] the talent that’s coming in,” [Dexus chief executive Darren

The post Property lobby demands migrants NOW! appeared first on MacroBusiness.

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MacroBusiness Friday, December 3, 2021 - 00:05 Source

In the week ended 2 December, the CoreLogic daily dwelling values index increased another 0.20%: All major markets except Perth recorded rising values, again led by Brisbane and Adelaide: Quarterly price growth remains strong but slowing at 3.91% across the five major capitals. Brisbane (7.43%) and Adelaide (6.53) lead the way, followed Sydney (4.31%), Melbourne

The post CoreLogic weekly house price update: Two-speed appeared first on MacroBusiness.

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MacroBusiness Friday, December 3, 2021 - 00:01 Source

Global Macro / Markets / Investing: Powell Weighs Earlier End to Bond Tapering Amid Hot Inflation – Bloomberg Elon Musk reportedly said SpaceX faces the ‘risk of bankruptcy’ from a lack of Starship engine progress – Yahoo These are the world’s most expensive cities – Aljazeera Amazon funds its empire by squeezing its marketplace sellers

The post Links 3 December 2021 appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, December 2, 2021 - 21:05 Source

By Shane Crocker   A person could grow very weary trying to keep up with Scott Morrison’s lies. Below is a section of his falsehoods, which by no means is an exhaustive list and some of them you no doubt know, while others may be new to you. Either way, there are many more out there.…

The post (Some of) the lies from Scott Morrison since he became Prime Minister appeared first on The AIM Network.

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MacroBusiness Thursday, December 2, 2021 - 17:00 Source

Hope and fear remain in equal parts across risk markets with Asian stock markets reflected of the divergent fortunes in overnight markets, although it seems Europe will start with a slip as Eurostoxx futures are lower. USD remains strong against all the majors except safe haven buying in Yen while the Australian dollar is back

The post Macro Afternoon appeared first on MacroBusiness.

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Your Democracy Thursday, December 2, 2021 - 16:09 Source

patch...patch...

If a deal isn’t struck before midnight on Friday, those payments will force Treasury Secretary Janet Yellen to impose another set of “emergency” spending measures -- on top of those that have been in place since October -- before the government’s ability to pay its bills is finally exhausted on or about December 15.

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New Politics Thursday, December 2, 2021 - 16:07 Source

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Renew Economy Thursday, December 2, 2021 - 15:30 Source

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