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Your Democracy
Wednesday, March 3, 2021 - 06:03
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MacroBusiness
Wednesday, March 3, 2021 - 00:20
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One of the more darkly amusing aspects of COVID-19 was how it illustrated that so much of our economy is no more substantial than a fume. Despite shutting down huge swathes of GDP, government spending simply stepped into that income breach without great disruption to much. This is because so much of our “production” these The post Prolapsed anus economy farts bureaucrat boom appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Wednesday, March 3, 2021 - 00:10
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Record low interest rates and households awash with stimulus money is having interesting effects on Australian borrowing habits. On the one hand, Aussies are taking advantage of the lowest borrowing rates on record to pile into the housing market, with new mortgage issuance running at all-time high levels in January, according to the Australian Bureau The post Aussies are taking out and repaying mortgages at a record pace appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Wednesday, March 3, 2021 - 00:01
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Global Macro / Markets / Investing: Charging patients just $10 more for medications leads to more deaths – VOX What To Do on the Stock Market in 2021? Warren Buffett Advises You To Bet on America. His confidence in America is unshakeable. – Medium Is Inflation a Risk? Not Now, but Some See Danger Ahead The post Links 3 March 2021 appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Tuesday, March 2, 2021 - 16:30
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Asian stocks have tried to follow the rebound from overnight markets, but have failed across the region, with this relief rally seemingly short lived. The March RBA meeting resulted in no change with the Aussie still depressed following its big reversal last week as other major currencies remain under the thumb of a stronger USD The post Macro Afternoon appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Renew Economy
Tuesday, March 2, 2021 - 16:04
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Renew Economy
Tuesday, March 2, 2021 - 14:55
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Renew Economy
Tuesday, March 2, 2021 - 14:37
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Renew Economy
Tuesday, March 2, 2021 - 14:35
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Your Democracy
Tuesday, March 2, 2021 - 14:34
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Murdered journalist Jamal Khashoggi's fiancee and a UN human rights investigator have slammed the United States' decision not to impose direct sanctions against Saudi Crown Prince Mohammed bin Salman, in the wake of a declassified intelligence report finding he likely ordered Khashoggi's death.
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MacroBusiness
Tuesday, March 2, 2021 - 14:33
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As expected, the Reserve Bank of Australia (RBA) held the cash rate steady at 0.10% alongside the parameters of the Term Funding Facility (TFF) and bond purchase program. Below is the full statement by governor Phil Lowe: At its meeting today, the Board decided to maintain the current policy settings, including the targets of 10 The post RBA holds cash rate at record low 0.10% appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
The Australian Independent Media Network
Tuesday, March 2, 2021 - 14:33
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Every power worth its portion of salt in the Levant these days seems to be doing it. On February 25, President Joe Biden ordered airstrikes against Syria. The premise for the attacks was implausible. “These strikes were authorized in response to recent attacks against American and Coalition personnel in Iraq,” claimed Pentagon spokesman John Kirby,… The post Delusions of Self-Defence: Biden Bombs Syria appeared first on The AIM Network. |
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Renew Economy
Tuesday, March 2, 2021 - 14:01
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MacroBusiness
Tuesday, March 2, 2021 - 14:00
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The Housing Industry Association (HIA) has hailed the success of the federal government’s HomeBuilder stimulus after loans for construction rose for their seventh consecutive month to the highest levels on record: “Confidence in the housing market has been improving since the announcement of HomeBuilder in June 2020… “The number of construction loans to owner occupiers The post Construction loans continue to break records appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Tuesday, March 2, 2021 - 13:40
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Fairfax’s survey of 22 well-known economists shows that most believe that real wages will fall over the coming two years, despite the economy’s recovery from the COVID-19 pandemic. They forecast that wage growth will fall further to 1.2% this year before lifting to 1.6% in 2022. However, this growth will be below inflation, with the The post Economists: Wage growth will continue to fall appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Tuesday, March 2, 2021 - 13:20
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The federal government recently suspended indefinitely a ‘star rating’ system that ranks privately-run employment services providers. Its decision has been described as ‘galling’ by unemployment support groups, as it comes at a time when the government is increasing its auditing of job applications submitted by unemployed people, as well as implementing a hotline for employers The post Government admits there “are simply not enough jobs” appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Tuesday, March 2, 2021 - 13:00
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National COVID Commission chairman Nev Power contends that the JobKeeper wage subsidy scheme should end as scheduled in late March. Power says retaining the scheme would risk distorting the labour market by encouraging employers to retain staff that they should lay off, who could then be redeployed to sectors that are experiencing a shortage of The post Extending JobKeeper would “distort” labour market appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Tuesday, March 2, 2021 - 12:40
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The Australian Medical Association’s (AMA) president Omar Khorshid says the federal government’s goal of vaccinating the entire population by October is looking challenging, and the end of the year is looking more realistic. The federal government has already fallen well short of its target of vaccinating 60,000 people by the end of February, with only The post Australia drags chain on vaccine rollout appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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Renew Economy
Tuesday, March 2, 2021 - 12:31
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MacroBusiness
Tuesday, March 2, 2021 - 12:20
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Over the past year we have heard dire reports that the closure of Australia’s international border and the loss of international students would deal a death blow to our universities but cutting their fee income by billions. Turns out that the university sector is doing just fine with many actually declaring surpluses during the pandemic, The post Universities cry wolf on international student collapse appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Tuesday, March 2, 2021 - 12:13
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The Australian Bureau of Statistics (ABS) has released dwelling approvals data for the month of January, which reported a sharp decline after the HomeBuilder subsidy was cut from $25,000 to $15,000. Total approvals tanked by 19.4% in January, but were still 19.0% higher over the year. The decline was broad-based with house approvals down 12.2% The post Dwelling approvals dive after HomeBuilder cut appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Tuesday, March 2, 2021 - 12:00
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As expected, Australia’s business lobby and wealthy elite are growing more vocal demanding the federal government open Australia’s international border to migrants. These groups like mass immigration for three main reasons: It provides a bigger pool of available workers to recruit, thereby increasing competition in the labour market, lowering worker bargaining power, and holding down The post The shills are beating the drum for mass immigration appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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Renew Economy
Tuesday, March 2, 2021 - 11:55
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Renew Economy
Tuesday, March 2, 2021 - 11:42
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The post Carnegie closes choppy half-year with “key progress” on wave power technology appeared first on RenewEconomy. |
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MacroBusiness
Tuesday, March 2, 2021 - 11:40
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Natural selection is a beast. The moment we get individual or herd immunity and natural selection goes to work on finding a way around it. The FT is reporting on a new COVID variant from Brazil that is spooking medicos: First detected in November it has now spread to 35 countries. 25-61% of previously infected The post Brazilian variant spooks medicos appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Tuesday, March 2, 2021 - 11:20
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CoreLogic provides a series of leading indicators for both the supply and demand side of the property market. Inventory is still very low which is bullish: And demand is still very high which is even more bullish: Note that this is only owner-occupier mortgages. It’s boom, baby. Full report. The post Property leading indicators still hot appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Tuesday, March 2, 2021 - 11:00
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For years labor has played a double game on the east coast gas cartel. It has intimated at various times that it would adopt tougher domestic reservation. But it has never had the cojonies to declare it given its fear of another mining backlash. Now, under the infinitesimal target politics of Anthony Albanese, it appears The post Labor embraces Morrison Gas Unplan appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Renew Economy
Tuesday, March 2, 2021 - 10:46
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MacroBusiness
Tuesday, March 2, 2021 - 10:40
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Last night Bitcoin bounce was triggered by a new Bitcoin report by Citi. The report was written for (and by?) children under the age of six. FTAlphaville does a good job of dismembering it: On Monday one of the world’s top investment banks, Citi, put out a report called “BITCOIN: At the Tipping Point”, which The post Bitcoin ponzi generates ponzi research appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Tuesday, March 2, 2021 - 10:20
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The Reserve Bank of Australia (RBA) has released its index of commodity prices for the month of February, which continues to boom. The commodity price index rose by 3.6% in February in Special Drawing Rights (SDR) terms – the key determinant of Australia’s terms-of-trade – to be up 19.6% over the quarter and 23.9% year-on-year. The post RBA commodity index booms appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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