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MacroBusiness Friday, May 19, 2017 - 05:11 Source

Credit Suisse does a little Millennial digging today: Millennials are the largest generation in history and soon coming to full maturity as investors. Sustainability, clean energy, impact investing matter to the Millennials and will gain in importance in the coming years. As digital natives, Millennials are disrupting the traditional models and redefi ning consumption, with

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North Coast Voices Friday, May 19, 2017 - 00:16 Source

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North Coast Voices Friday, May 19, 2017 - 00:15 Source

Prime Minister and Liberal MP for Wentworth, Malcolm Bligh Turnbull, was happy to say this to the Australian people on 20 April 2017, during an interview with ABC TV 7.30 current affairs host Leigh Sales:“I do. I trust the judgment, the wisdom of the American government, the president and the vice president.” Two days later he meets with U.S. Vice President Pence in Sydney and showers him with uncritical praise of American policy.

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MacroBusiness Friday, May 19, 2017 - 00:12 Source

CoreLogic has released its quarterly Housing and Economic Review, which reported a slight rebound in rental growth at the national level, with rents climbing by 0.4% in the year to March 2017, with house rents rising 0.3% and unit rents rising 1.4%: According to CoreLogic, rents across the capitals rose as follows in the 12

The post CoreLogic: Rents experience short-term reprieve appeared first on MacroBusiness.

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MacroBusiness Friday, May 19, 2017 - 00:12 Source

By Leith van Onselen In the week ended 18 May 2017, the CoreLogic 5-city daily dwelling price index, which covers the five major capital city markets, fell by 0.42%: Values fell in four major capitals and rose in one: So far in May, home values are down 0.65% at the 5-city level, with Sydney and

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MacroBusiness Friday, May 19, 2017 - 00:12 Source

By Leith van Onselen Earlier this week, The ABC published a report arguing that childless couples will be Australia’s most common family type by 2023: One sociologist says the trend is already happening, and future government policy will determine whether the traditional family model continues to exist. For many millennials… changing financial and social realities

The post Rise in childless couples? Blame the bubble appeared first on MacroBusiness.

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MacroBusiness Friday, May 19, 2017 - 00:10 Source

By Leith van Onselen Thursday’s ABS labour force release for April revealed marginally better news for those aged 15 to 24 years old that are looking for a job. The trend headline unemployment rate fell marginally from 12.97% in March to 12.96%: And total employment growth for those aged 15-24 years of age remains sharply

The post Labour market continues to leave youth behind appeared first on MacroBusiness.

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MacroBusiness Friday, May 19, 2017 - 00:05 Source

Iron ore charts for May 18, 2017: Spot down with Tianjin benchmark off 50 cents to $61. Paper firmed a touch overnight. Steel is fantastically strong and while that lasts we’re not likely to see further falls in raw material inputs. Platts gives us an insight into why steel is so strong: China depends on

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

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MacroBusiness Friday, May 19, 2017 - 00:04 Source

From the top, first Goldman: The modest retracement in large part reflects a reduction in concerns surrounding the potential for aggressive policy tightening, which our China economists had anticipated, as well as – albeit to a lesser degree – a strengthening of oil prices which in part reflected news that Saudi Arabia and Russia had

The post Three takes on China’s slowdown appeared first on MacroBusiness.

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MacroBusiness Friday, May 19, 2017 - 00:04 Source

Via Investing in Chinese Stocks. A leaked document circulating on the Chinese Internet shows one of China’s most aggressive sellers of universal life insurance is in trouble. Foresea Life was selling policies like hotcakes in order to fund parent Baoneng’s takeover attempt of Vanke. The chairman of Baoneng was banned from the insurance industry for

The post Giant Chinese insurance ponzi hits the skids appeared first on MacroBusiness.

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MacroBusiness Friday, May 19, 2017 - 00:01 Source

Global Macro / Markets / Investing: Economists’ publications lists: Less may be better – VOX The end of silver as a unit of account – VOX World’s 500 Richest People Lose $35 Billion From Trump Turmoil – Bloomberg New analysis turns up surprise on long-term wage trends – Brookings ’Trump Trade’ turns to trepidation as investors unwind – Reuters Americas:

The post Links 19 May 2017 appeared first on MacroBusiness.

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Skepticlawyer Thursday, May 18, 2017 - 23:08 Source

Kingdom of the Wicked is set in a Roman Empire that’s had an industrial revolution, something long considered plausible by economic historians.

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Ambit Gambit Thursday, May 18, 2017 - 21:23 Source

Great experience today in an Uber that I just have to share. It shows just how innovative and exciting the modern economy is, and a good antidote to the doom and gloom from last night’s forum on the Universal Basic Income. Turns out my Uber driver is doing it part time. Made some money as […]

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The Australian Independent Media Network Thursday, May 18, 2017 - 20:15 Source

By freef’all852 “Now this Telstra plan’s a little bewdy, folks … only one owner; a little old lady who only used it on Sundays” … no doubt to slander Turnbull! I don’t think I am breaking new ground to you all by saying that my telco; the “Big T” is doing some very, very strange…

The post “Now this Telstra plan’s a little bewdy, folks” appeared first on The AIM Network.

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Your Democracy Thursday, May 18, 2017 - 19:51 Source
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MacroBusiness Thursday, May 18, 2017 - 17:35 Source

by Chris Becker Stocks continue to selloff in Asia in response to last night’s big move on Wall Street. While the direction is the same, the magnitude has been muted relatively speaking. Volatility is only just beginning to build however, so stay tuned for more! In China the Shanghai Composite is selling off going into

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Thursday, May 18, 2017 - 14:48 Source

Sydney's CBD has huge untapped rooftop solar potential that could save businesses and homes $70m a year on power costs, according to new study that has lessons for all Australia's capital cities.

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John Quiggin Thursday, May 18, 2017 - 14:48 Source

Here’s the letter I’ve sent to (I hope!) everyone who’s signed up for my mailing list.

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MacroBusiness Thursday, May 18, 2017 - 14:44 Source

Fake Premier Bligh is in hot water at the ABA: The split within the Australian Bankers’ Association’s appears to have deepened, with morning briefings between its head Anna Bligh and industry executives on the bank tax being cancelled. The cancellation comes as Anna Bligh denied she has received complaints from smaller banks. The ABA had

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Renew Economy Thursday, May 18, 2017 - 14:11 Source

It’s time to get serious about climate policy, and set Australia up to make the most of the zero carbon transition that is undoubtedly underway.

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MacroBusiness Thursday, May 18, 2017 - 13:53 Source

By Leith van Onselen From The West Australian comes rumours the new State Government plans to slug property investors with a $270 levy to help fund the Budget deficit: The West Australian understands the tax will be linked to water rates and apply to tens of thousands of investment properties with a gross rental value

The post WA to slug property investors with new tax appeared first on MacroBusiness.

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Renew Economy Thursday, May 18, 2017 - 13:46 Source

Are Australia's coal and gas generators able to power Australia through next summer's heatwaves? The evidence of last summer suggests they cannot be relied upon, with a new report showing how coal plants melted in the Queensland heat on a day of record demand.

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MacroBusiness Thursday, May 18, 2017 - 13:38 Source

By Gareth Aird, Senior Economist at CBA Key Points: Employment rose by a solid 37.4k in April following a massive lift of 60.0k in March. The unemployment rate dropped by 0.2ppts to 5.7% and the participation rate held firm at 64.8%. Hours worked fell in April and the data looks at odds with the reported

The post ABS data quality thrust back into spotlight appeared first on MacroBusiness.

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Renew Economy Thursday, May 18, 2017 - 13:36 Source

Kangaroo Island loses first of its kind protest against network decision, but regulator flags changes that may make decentralised options easier to approve in future.

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Renew Economy Thursday, May 18, 2017 - 13:36 Source

Kangaroo Island loses first-of-kind protest against network decision, but regulator flags changes to favour decentralised options.

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Renew Economy Thursday, May 18, 2017 - 13:33 Source

Thirty-two of the world’s largest wind turbines are up and generating power off the UK coast, as part of a new offshore wind project that can power 230,000 homes.

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Renew Economy Thursday, May 18, 2017 - 13:25 Source

Push to unlock more of Australia’s unconventional gas resources and build massive pipelines has been labelled a “false solution” to a non-existent problem.

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MacroBusiness Thursday, May 18, 2017 - 12:58 Source

Ambrose Evans-Pritchard is getting over-excited about another Chinese back-flip today: China’s authorities are increasingly worried by stress in the country’s financial system and the sudden slowdown in economic growth, fearing that it may now be too dangerous to press ahead with their draconian crackdown on shadow banking. The People’s Bank (PBOC) began signalling late last

The post China has not back-flipped to more stimulus appeared first on MacroBusiness.

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MacroBusiness Thursday, May 18, 2017 - 12:39 Source

By Leith van Onselen As summarised earlier, the Australian Bureau of Statistics (ABS) today released its labour force report for April, which registered a 37,400 increase in total employment and a 0.2% decline in the headline unemployment rate to 5.7%. In trend terms, the unemployment rate remained dead flat (still 5.81%): Again, total employment rose

The post Unemployment in detail: Labour market drift appeared first on MacroBusiness.

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MacroBusiness Thursday, May 18, 2017 - 12:31 Source

Dalian as given up overnight gains: Big Iron is mixed with the really dumb RIO trade holding it up while others whither: Because this time RIO is different (shakes head). Big Gas is down despite oil: Big Gold flying: Big Debt down hard again: Big Liar is split as FXJ soars with the second bid

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