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MacroBusiness Monday, February 19, 2018 - 10:40 Source

Via David Uren: New jobs are being advertised at wages 4 per cent higher than a year ago, supporting the Reserve Bank’s belief that labour shortages will eventually result in higher wages and inflation. The average wage range behind advertisements on the job-search website Seek had been creeping higher at an annual rate of just

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John Quiggin Monday, February 19, 2018 - 10:25 Source

Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.

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MacroBusiness Monday, February 19, 2018 - 10:20 Source

By Leith van Onselen With Australian household debt at 200% of disposable income: And Australian housing prices starting to fall, NAB has cut its maximum loan-to-income ratio to 7-times. From Australian Broker (h/t Martin North): From Friday, 16 February, the loan to income ratio used in its home lending credit assessment has been changed from

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The Melbourne Urbanist Monday, February 19, 2018 - 10:00 Source

Melbourne City Council wants to ban above-ground parking in new developments but doesn’t have a clue what the wider implications of such a change might be Should CBD parking be buried?   Advertisements

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MacroBusiness Monday, February 19, 2018 - 10:00 Source

By Leith van Onselen There was a smidgen of good new on Friday for the New Zealand’s Labour-led Government, with immigration and population growth continuing to ease in the December quarter: In the year to December, New Zealand’s population moderated to 97,000 with net overseas migration (NOM) moderating to 69,970. This is down from the

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MacroBusiness Monday, February 19, 2018 - 09:30 Source

By Chris Becker  The recovery continues, particularly on US stocks as 2018 brings forth more volatility and hence more opportunity. The USD is continuing its trajectory down, while Treasury yields go higher, but risk markets are getting back into the swing of things regardless. This bounce has not yet returned all the losses yet, and

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MacroBusiness Monday, February 19, 2018 - 09:30 Source

By Leith van Onselen With the South Australian Liberal Opposition and Nick Xenophon’s SA Best party promising to ramp-up population growth if elected, a former senior Transport Department bureaucrat, Luigi Rossi, has launched a half-baked plan to build a $1 billion high-speed rail (HSR) link From Adelaide to Mount Barker. From Adelaide Now: A SUPERFAST

The post South Australian ‘expert’ launches ponzi rail plan appeared first on MacroBusiness.

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MacroBusiness Monday, February 19, 2018 - 09:00 Source

Or tries: John McGrath, the founder of the embattled real estate group, McGrath, is set to appoint a new chairman on Monday – likely be a ”well known former chief financial officer” – on a whittled-down board with two other directors. …Privatising the company ”is off the agenda,” spokesman Tim Allerton said. Mr Allerton has

The post McGrathmaggedon slammed again appeared first on MacroBusiness.

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Harrangue Man Monday, February 19, 2018 - 08:59 Source

Every time my leg boil is attended to the black cat investigates. Last time was Valentines Day. She sits on my stomach as thewife squeezes ichor from the site.Maybe it's simple curiosity; cats are known for investigating things.

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The Australian Independent Media Network Monday, February 19, 2018 - 08:00 Source

Nineteen years after his passing, former South Australian premier Don Dunstan is still fondly remembered by the Italian community. Here is their tribute. A RICORDO DI  DONALD ALLAN ‘DON’ DUNSTAN (21.09.1926 – 06.02.1999) by Giorgio Venturini for Resistenza and A.N.P.I., the Associazione Nazionale Partigiani Italiani in Australia. One of the last – possibly the last…

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Inside Story Monday, February 19, 2018 - 06:45 Source

Closing the Gap, the annual report card on Indigenous Australia, is perhaps best known because its findings don’t change much from year to year. A welcome exception to that pattern is schools, where we do seem to be closing gaps — or at least lifting the average test performances of Indigenous students.

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The Australian Independent Media Network Monday, February 19, 2018 - 06:00 Source

Monday 19 February 2018 The events last week involving Barnaby Joyce have no doubt left the nation aghast at the ongoing destruction of our democracy. It wasn’t just a scandal, but a tragedy. His personal wrong doing and those who would condone it cannot see that events like this, each time they occur, further evaporate…

The post Day to Day Politics: Democracy in free fall, thanks to Turnbull. appeared first on The AIM Network.

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politicalowl Monday, February 19, 2018 - 01:31 Source

I am told that this fearless baboon killer with his warped sense of humour lives in Canberra.If you recognise him let him know what you think of his barbarism.Maybe a sign on a shopping centre fence would be appropriate

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politicalowl Monday, February 19, 2018 - 00:42 Source
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MacroBusiness Monday, February 19, 2018 - 00:26 Source

Time to go, says Newspoll: Australians have abandoned Barnaby Joyce, with two-thirds of voters believing the Deputy Prime Minister should either resign to the backbench or leave parliament entirely, intensifying pressure on Nationals MPs to force their leader to step down over the love-child scandal. After battling a wild political firestorm of its own making

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MacroBusiness Monday, February 19, 2018 - 00:25 Source

Paul Kelly did a Chris Bowen profile over the weekend: In an exclusive interview with The Australian, Bowen’s message is that his treasurership — if Labor wins — will be a blend of Hawke-Keating refurbished and government intervention in the cause of social mobility and greater economic opportunity. …Bowen believes in fiscal discipline, market forces,

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MacroBusiness Monday, February 19, 2018 - 00:20 Source

DXY was strong Friday night after hitting new lows. Could be a double-bottom. Or not: AUD was quite weak against DMs: And EMs: Gold fell: Oil rose: Despite the rising rig count: • Total US oil rigs saw another solid week, +7 to 798 • Horizontal oil rigs were up even better, +10 to 696

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MacroBusiness Monday, February 19, 2018 - 00:18 Source

Hello, via the AFR: Realtor Andrew Fawell has valued four distressed – or mortgagee – sales in the past two weeks for houses and apartments valued between $1 million and $2.5 million located around Melbourne’s coveted, prestigious and expensive inner south-east fringe. “The drum is starting to beat,” says Fawell about home buyers and investors

The post Interest-only reset loads market with forced sales appeared first on MacroBusiness.

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MacroBusiness Monday, February 19, 2018 - 00:17 Source

The MSM demolition of poor old John McGrath continues. From The Australian: Despite having run up an alleged gambling debt to bookmaker William Hill of more than $16m, a source familiar with the company’s ­accounts said McGrath performed better than most punters. Ordinary punters lose about 10 per cent of their turnover. The source said

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North Coast Voices Monday, February 19, 2018 - 00:16 Source

Echo NetDaily, 15 Februaty 2018:An animal activist has accused two National Party MPs o

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MacroBusiness Monday, February 19, 2018 - 00:15 Source

Deutsche has a good summary of US dollar weakness: Blame the dollar on yields We are well into 2018 and our feedback from recently attending the TradeTech FX conference in Miami is that the market is still struggling to understand or embrace dollar weakness. How can it be that US yields are rising sharply, yet the

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North Coast Voices Monday, February 19, 2018 - 00:15 Source

National Aeronautics and Space Administration(NASA), 4 January 2018: NASA-led Study Solves a Methane PuzzleA reduction in global burned area in the 2000s had an unexpectedly large impact on methane emissions.A new NASA-led study has solved a puzzle involving the recent rise in atmospheric methane, a potent greenhouse gas, with a new calculation of emissions from global fires. The new study resolves what looked like irreconcilable differences in explanations for the increase.Methane emissions have been rising sharply since 2006.

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MacroBusiness Monday, February 19, 2018 - 00:10 Source

CoreLogic released its auction report yesterday, which reported an increase in the preliminary national auction clearance rate to 69.1% from 67.7% last week (later revised down to 63.7%). However, the preliminary clearance rate was still well below the 74.9% recorded in the same weekend of last year: Nevertheless, as you can see above, the trend

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MacroBusiness Monday, February 19, 2018 - 00:01 Source

Global Macro / Markets / Investing: Record $23 Billion Flees World’s Largest ETF – Bloomberg Dalio Causes Stir With $18 Billion Surge in European Short Bets – Bloomberg Special Investigation: The Dirty Secret Behind Warren Buffett’s Billions – The Nation Bitcoin Mania Triggers Miner Influx to Rural Washington – WSJ Americas: Biden, in public and

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Poll Bludger Sunday, February 18, 2018 - 23:57 Source

Nearly two-thirds of respondents want Barnaby Joyce out as Nationals leader, as the Coalition and Malcolm Turnbull lose their gains from the year's first poll a fortnight ago.

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MacroBusiness Sunday, February 18, 2018 - 23:01 Source

Tonight, I appeared on the ABC’s National Wrap to debate the Migration Council’s CEO, Carla Wilshire, on Australia’s mass immigration program. Below are notes from the debate explaining my position and refuting Ms Wilshire’s key lines of argument. Economic modelling on immigration is unflattering and does not reflect real life: During the debate, we got

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The Australian Independent Media Network Sunday, February 18, 2018 - 20:40 Source

Barnaby bunny blinks in the spotlight centre stage in our national political show, this week, as our Deputy PM shrewdly plays the victim in his marriage break-up while he muffs his special pleading self-defence for begging his Tamworth mogul pal, Greg Maguire, to be allowed to crash for six months at his millionaire mate’s luxury…

The post “One way or another, Barnaby’s cactus.” Malcolm might be too. appeared first on The AIM Network.

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Harrangue Man Sunday, February 18, 2018 - 20:36 Source

I endured the crafting of another Lovecraftian email—only one typo this time and I didn't re-send it when found because it almost looked right for the absence of a pair of commas—but then had to step away from the computer lest additional hurt land. So I found Game of Thrones, set it up on the laptop, then rode the bike to break the spell. I hate this shit; having to re-live again and again what happened to me, the horror I endured and the ongoing knock-on damage it cause.

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The Failed Estate Sunday, February 18, 2018 - 16:41 Source

Who would have thought an analysis of corporate tax policy would set so many pulses racing? Perhaps it was a form of group therapy for the nation after weeks of seeking to shut out images Read more…

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politicalowl Sunday, February 18, 2018 - 14:46 Source

There's nothing like speculation about a leadership challenge to drive journalists into a frenzy. I notice this afternoon that our press gallery brethren, like me, have decided to adopt Daily Mail website rules and start quoting each other as sources.An example from the website of The Australian:

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