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MacroBusiness Thursday, May 28, 2020 - 11:00 Source

From Seek: Key insights (weeks 20 & 21 compared to April 2020): New job ads posted on SEEK during the fortnight ended 24 May are up 39.7% compared to April 2020. This is a further uplift from 26.8% In the previous two weeks. The biggest contributors to job ad growth are Trades & Services, Hospitality

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MacroBusiness Thursday, May 28, 2020 - 10:40 Source

The Reserve Bank of New Zealand (RBNZ) yesterday released its bi-annual Financial Stability Report (FSR), which stated that the nation faces its sharpest economic contraction in 160 years: In New Zealand, border closures and economic lockdowns have led to an unprecedented decline in economic activity. Even accounting for an expected recovery in the second half

The post NZ facing worst ever economic downturn appeared first on MacroBusiness.

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MacroBusiness Thursday, May 28, 2020 - 10:20 Source

Apologies for lateness today. Been wrestling with a Telstra bot all morning. Iron ore prices for May 27, 2020: Not much in news. Here’s the latest steel inventory chart: Looks impressive but it isn’t. Seasonally-adjusted the stock is just as high as it was at its peak. The reasons why is that demand remains relatively

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

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Grattan Blog Thursday, May 28, 2020 - 10:13 Source

Coastal electorates that rely heavily on tourism have been hit hardest, and workers in rural and regional electorates have been hit harder than workers in the major capitals.

read more Job losses caused by COVID-19, electorate by electorate

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MacroBusiness Thursday, May 28, 2020 - 10:00 Source

The record surge in March retail sales on the back of panic buying of groceries, alongside the smaller than expected fall in construction, won’t be enough to save Q1 GDP, according to economists: Westpac’s Andrew Hanlan said the slightly better than expected [construction] figure would not change the view of the bank’s economists that March

The post Q1 GDP tipped to fall, ensuring Australian recession appeared first on MacroBusiness.

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MacroBusiness Thursday, May 28, 2020 - 09:50 Source

Via the excellent Damien Boey at Credit Suisse: Value bounces hard. Over the past few days, we have seen value factors outperform very sharply. Sectorally in Australia, high yielding banks have led the charge, while healthcare stocks have been the laggards. The bid for resources stocks has also unwound, strangely on concerns about US-China tensions on the one hand, but

The post Too early to celebrate value comeback appeared first on MacroBusiness.

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MacroBusiness Thursday, May 28, 2020 - 09:40 Source

People often say that investors are the marginal price setters in the property market, especially in Sydney and Melbourne. If true, the below story from The AFR will have the property industry concerned, given investors are reportedly set to dump rental properties: One in three renters face housing stress and are at risk of defaulting

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The Australian Independent Media Network Thursday, May 28, 2020 - 09:21 Source

  A couple of items in the news that caught my attention in an ever changing and sometimes confusing world : Coalition to stop using Orwellian Doublespeak [for the time being] In his novel, 1984 George Orwell introduced political doublespeak – using language that deliberately obscures, disguises, distorts, or reverses the meaning of words to…

The post Snippets ! appeared first on The AIM Network.

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MacroBusiness Thursday, May 28, 2020 - 07:29 Source

Australia’s universities continue to cry poor over the reduction in international student numbers, signaling heavy financial and job losses: While universities across Australia have different exposures to the coronavirus-induced downturn, revenue is estimated to drop by $3 billion this year collectively. That could cause the loss of up to 21,000 jobs, with 7,000 estimated to

The post No university bailout for international students appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, May 28, 2020 - 06:00 Source

What a laconic couldn’t care less lot we are. Even when we get agitated over something we rarely make a ripple on Bondi beach. The last time I can remember us getting a wee bit pissed about a something of importance was the marriage equality debate when we told the politicians enough unfairness was enough and…

The post What a “couldn’t care less” lot we are appeared first on The AIM Network.

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MacroBusiness Thursday, May 28, 2020 - 00:11 Source

Callam Pickering, economist at global jobs site Indeed, has provided another update on Australian job postings. According to Pickering, new job postings have more than doubled since their low on 19-April: Total job postings are tracking 51% below their trend last year, but have clearly improved over recent weeks: Pickering has also deconstructed ABS data

The post Aussie jobs market continues to improve appeared first on MacroBusiness.

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MacroBusiness Thursday, May 28, 2020 - 00:10 Source

Robert Lechte, a welfare-state advocate living in Melbourne, believes that Australia’s superannuation system “enshrines inequality”: Like other market-based schemes, superannuation has reinforced and accelerated existing inequalities. Because super is primarily funded by employer contributions, it is self-evidently terrible for the unemployed or those out of paid work due to disability, sickness, or caregiving. They earn

The post Australia’s superannuation system drives inequality appeared first on MacroBusiness.

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MacroBusiness Thursday, May 28, 2020 - 00:01 Source

Global Macro / Markets / Investing: M2 Money Supply – Am I wrong to be freaked out about this chart? – St Louis Fed Central bank asset purchases creating ‘fake markets’, analyst warns – Financial Post Global stocks rally and break records – CNBC Americas: Canadian Real Estate Prices Expected To Drop Up To 18%

The post Links 28 May 2020 appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 27, 2020 - 17:07 Source

A mixed mood in Asia despite the orgy of buying still going on in the northern hemisphere with only Japanese stocks advancing on the whiff of more stimulus measures. Meanwhile the Chinese Yuan hit a new low versus USD again, with offshore trading pushing through the 7.17 handle as other majors kept firm against USD

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Wednesday, May 27, 2020 - 14:48 Source

luca bravo wind farm windlab - optimisedMorrison government has not modelled the economic impact of transitioning to a zero emissions economy, despite signing up to such a target under the Paris Agreement.

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MacroBusiness Wednesday, May 27, 2020 - 14:40 Source

Via Domain: The Victorian government looks set to pursue the next step of its controversial Belt and Road deal with the Chinese government, despite widespread criticism of the deal. Premier Daniel Andrews indicated on Wednesday that the timetable for agreeing to the next step of the deal, a “co-operation road map” between the state and

The post Manchurian Dan drives CCP stake into federal Labor appeared first on MacroBusiness.

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Renew Economy Wednesday, May 27, 2020 - 14:27 Source

Solar module manufacturers are readying the next wave of 500+Wp processes.

The post JinkoSolar’s new 580Wp Tiger Pro: More power, higher efficiency appeared first on RenewEconomy.

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Renew Economy Wednesday, May 27, 2020 - 14:25 Source

projections expert Angus Taylor Scott Morrison emissions auction - optimisedTechnology roadmap shows that Australia's climate plan is to tread water for eternity, while its fossil fuel industries continue their work unabated and unregulated.

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Renew Economy Wednesday, May 27, 2020 - 14:25 Source

GoodweGoodWe is now launching an online purchase function to help customers extend their product warranty conveniently.

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Renew Economy Wednesday, May 27, 2020 - 14:21 Source

A new IEA report shows the Covid-19 pandemic has set in motion the largest dr

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MacroBusiness Wednesday, May 27, 2020 - 14:20 Source

According to Robert Gottliebsen, new car sales may be about to boom: Google searches for new and used cars have risen rapidly in recent weeks and this could signal that demand for new and used cars has finally turned… The car industry should benefit from further COVID-19 relaxations. Australians have been slashing their expenditure on

The post Are new car sales about to boom? appeared first on MacroBusiness.

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Renew Economy Wednesday, May 27, 2020 - 14:16 Source

sapphire wind farm pic canberraCWP Renewables lodges development application for 400MW wind farm proposed for NSW central-west Renewable Energy Zone, hoping for construction to begin in 2021.

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MacroBusiness Wednesday, May 27, 2020 - 14:00 Source

There is nothing more amusing than miners and realtors governing a manufacturing revival. At the AFR of course: It’s the end of April and Nev Power is a lone figure marching up Perth’s St Georges Terrace. He’s on the phone, a device that has become an extension of his body since Prime Minister Scott Morrison

The post Rich Listers gush manufacturing nonsense appeared first on MacroBusiness.

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Renew Economy Wednesday, May 27, 2020 - 13:41 Source

Cohuna solar farm now complete and awaiting commissioning, as contractor Tempo says it is looking for more opportunities in the solar space.

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The Australian Independent Media Network Wednesday, May 27, 2020 - 13:40 Source

US President Donald Trump is much taken with the bombastic and the exaggerated. In an interview with the Associated Press in April 2017, he spoke of his infamous if somewhat less than successful wall project on the US-Mexican border. Ever happy to stretch the record on costs, he took issue with those “opponents talking $25…

The post Ego Trip: US Space Flags and Super-Duper Missiles appeared first on The AIM Network.

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MacroBusiness Wednesday, May 27, 2020 - 13:40 Source

The Queensland government is reviewing its border restrictions on a monthly basis, as it faces growing pressure to relax the ban on interstate travellers. However, Premier Annastacia Palaszczuk says the state will not re-open its borders until no new coronavirus infections have been recorded in New South Wales and Victoria for 28 days. They are

The post Time QLD opened up appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 27, 2020 - 13:34 Source

Another new low for CNY this afternoon: The AUD has trended in lockstep with CNY since 2015, though the amplitude of the moves are larger. The AUD can’t charge on in trend term if the CNY goes the other way because the falling CNY hammers EMs and commodities by making China more competitive across the

The post Falling CNY sends out another AUD warning appeared first on MacroBusiness.

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Renew Economy Wednesday, May 27, 2020 - 13:33 Source

Car with hydrogen logo on filler cap h2 combustion engine for emission free ecofriendly transport - optimisedThe federal government is seeking views on the creation of a 'guarantee of origin' for hydrogen to track emissions and identify its source - wind, solar, gas or coal.

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Renew Economy Wednesday, May 27, 2020 - 13:30 Source

German-based SINN Power ramps up its bid to offer a robust, modular, and affordable maritime structure to generate renewable energy from waves, wind and solar.

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The Australian Independent Media Network Wednesday, May 27, 2020 - 13:30 Source

By Christian Marx   “Let me tell you about my youth,” the farrowed brow of the old man beamed with sweat and the rugged complexion of a life well lived. His eyes were tired, yet there lingered a sparkling intelligence within. The boy who was no more than 15 sat transfixed. The old man was a regular fixture…

The post The Circle of Life … appeared first on The AIM Network.

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