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MacroBusiness Thursday, October 17, 2019 - 10:00 Source

Via Domain and drawn from the OMG files: A University of Queensland student has sought a court order similar to a restraining order against the Chinese Consul-General in Brisbane, Dr Xu Jie, who he claims has endangered him by describing him as an anti-Chinese separatist in a statement published on the Consul-General’s website. Drew Pavlou,

The post Bullied student seeks restraining order against Angry China diplomat appeared first on MacroBusiness.

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Your Democracy Thursday, October 17, 2019 - 09:56 Source

taliban

Time for Gus to drink the Red Ned served at Communion or sing “god is my way” with Brian Houston’s deluded multitudes?

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MacroBusiness Thursday, October 17, 2019 - 09:40 Source

As stalled developments mushroom across Australia’s east coast following a surge in completions: The AFR reports that desperate developers are offering up to $20,000 in cash to clear the backlog of high-rise apartments and house-and-land packages: Cash payments of $20,000 are being offered to buyers of high-rise apartments around Melbourne’s central business district amid concerns

The post Desperate developers puke cash for unwanted apartments appeared first on MacroBusiness.

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MacroBusiness Thursday, October 17, 2019 - 09:20 Source

L-plate Treasurer Josh Recessionberg continues down his self-destructive path today. Via the AFR: In an interview with The Australian Financial Review before flying to an International Monetary Fund meeting in Washington DC, Treasurer Josh Frydenberg said restoring the budget to surplus was not a vanity exercise but integral to the government’s plan to buttress the

The post He ain’t called Recessionberg for nuthin’ appeared first on MacroBusiness.

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MacroBusiness Thursday, October 17, 2019 - 09:15 Source

Via SEEK: “We are seeing a slight improvement in the market with the rate of job ad decline moderating, with September at -7.4% compared to August, which was -8.6%. Month to month we continue to see growth come from the large employing sectors of Community Services and Development which has seen a jump from 13%

The post SEEK: Bedpan jobs boom rolls on appeared first on MacroBusiness.

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MacroBusiness Thursday, October 17, 2019 - 09:00 Source

Texture from Reuters: Benchmark Dalian iron ore futures slumped in morning trade on Wednesday, extending losses into a third session, after China’s top steelmaking city of Tangshan issued a second-level smog alert that requires mills to further limit operations. …The losses widened further after China outlined its annual anti-pollution plan for winter in a document

The post Daily iron ore price update (the thumpening) appeared first on MacroBusiness.

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MacroBusiness Thursday, October 17, 2019 - 08:30 Source

By Chris Becker  Wall Street pulled back slightly overnight with a mixed Europe also weighing on positive sentiment as retail data disappointed and UK CPI came in lower than expected. Lack of news on a looming Brexit deal kept the continental currencies elevated slightly, while the US retail sales print saw USD flop, spiking Aussie

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Thursday, October 17, 2019 - 06:14 Source

DXY fell last night as EUR lifted: The Australian dollar was mixed against DMs: And EMs: Gold firmed: Oil too: Not metals: Nor miners: EM stocks are trying: So is junk: The Treasury curve flattened: And bunds: Aussie bonds copped it:   And stocks eased: It was a US and Europe double bunger that lifted

The post Australian dollar lifts on US and Europe double bunger appeared first on MacroBusiness.

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MacroBusiness Thursday, October 17, 2019 - 00:10 Source

Via S&P: China would probably agree to a side deal on currency policy if it rests on allowing market forces to play a greater role, said S&P Global Ratings today in a report titled “Trade Deal Entree With A Side Of Currency.” The U.S. has become fond of including currency provisions in its recent trade

The post US/China currency deal madness appeared first on MacroBusiness.

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MacroBusiness Thursday, October 17, 2019 - 00:08 Source

SQM Research has released its rental vacancy data for September, which revealed that vacancies nationally declined by 0.1% over the month and was flat over the year: Across the capital cities, vacancy rates fell across almost every market in September, whereas the situation over the year was mixed. According to SQM: It was a better

The post Rental vacancy rate fall signals future rent increases appeared first on MacroBusiness.

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MacroBusiness Thursday, October 17, 2019 - 00:06 Source

In recent years, India has been the marginal driver of Australia’s international student enrolments, taking over the growth mantle from China. Over the past two financial years, Indian international student enrolments surged by 39,600 (62%), easily eclipsing the 34,100 (20%) growth in Chinese international students over the same period: It is a similar situation with

The post Indian international students ditch Australia for UK appeared first on MacroBusiness.

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MacroBusiness Thursday, October 17, 2019 - 00:05 Source

The Australian Bureau of Statistics on Tuesday released its overseas short-term arrivals and departures figures for August. The number of short-term visitor arrivals rose by 6.4% in the year to August, whereas short-term resident departures only rose by 0.7%. The ratio of annual arrivals to departures also rose to 81.5%: That said, net short-term arrivals

The post Chinese visa arrivals surge to record high appeared first on MacroBusiness.

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MacroBusiness Thursday, October 17, 2019 - 00:01 Source

Global Macro / Markets / Investing: Bank of England boss says global finance is funding 4C temperature rise – The Guardian Goldman Profit Drops 26% as Deals Slow, Tech-Stocks Struggle – WSJ The IMF Is Utterly Indifferent to the Pain It’s Causing – Truth Dig IMF-global growth slowing to rate not seen since financial crisis

The post Links 17 October 2019 appeared first on MacroBusiness.

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THE BLOT REPORT Wednesday, October 16, 2019 - 23:43 Source

The post Charles M. Blow quote appeared first on THE BLOT REPORT.

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The Australian Independent Media Network Wednesday, October 16, 2019 - 20:30 Source

You cannot get away from it, at least in print or in Google land. African swine fever is doing its rounds, cutting through the swine population of Asia with remorseless dedication. Since its deadly debut in China last year, it has done away with some 25 percent of the globe’s pig population. The symptoms are…

The post Piggish Problems: African Swine Fever Does Its Worst appeared first on The AIM Network.

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The Australian Independent Media Network Wednesday, October 16, 2019 - 19:36 Source

By Tjimpuna of the Anangu Mayatja Council of Elders Uluru climb incident yesterday with the 12yo girl her injuries were much worse than what was reported. She lost her grip on the chain and slipped, fell backwards and rolled 5 to 6 times. The result was she broke or dislocated multiple fingers, lost a tooth, suffered…

The post Don’t blame Anangu! appeared first on The AIM Network.

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John Quiggin Wednesday, October 16, 2019 - 17:55 Source

Given that Millennials are now approaching middle age, could someone compile all the 1990s cliches about Boomers for recycling, rather than doing it piecemeal? Then we can use the Millennial stuff (lazy, entitled, not like in my day) on Generation Z. Personally, I’m waiting to hit Generation Trump.

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The Australian Independent Media Network Wednesday, October 16, 2019 - 17:27 Source

By Jon Chesterson   LOOK ON IN THE ABSENT HALLS OF OUR OWN CONSCIENCE, THE HUNGRY WALLS OF OUR OWN LIVING ROOMS, LOOK ON… One cannot gloss over what has happened! We witnessed the brutal cruelty and destruction of Afghanistan and its people at the hands of the Taliban. We witnessed the brutal wars on neighbouring…

The post Look on… appeared first on The AIM Network.

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MacroBusiness Wednesday, October 16, 2019 - 16:30 Source

A generally positive day across Asian risk markets excepting mainland China, following the good mood on Wall Street overnight. The Australian dollar continued to tank following yesterday’s release of the RBA minutes while the NZD was relatively stable despite an uptick in monthly CPI.  Yen strengthened slightly after a big breakout in USD strength overnight

The post Macro Afternoon appeared first on MacroBusiness.

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The Australian Independent Media Network Wednesday, October 16, 2019 - 16:00 Source

By Dr George Venturini   The Kimberley Plan Just before the outbreak of second world war, a bold plan was proposed by Dr. Isaac Nachman Steinberg, a man with a most interesting past: he was a Russian lawyer, and had been a Socialist Revolutionary, politician. He had been People’s Commissar of Justice in Vladimir Lenin’s government…

The post The Kimberley Plan appeared first on The AIM Network.

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Renew Economy Wednesday, October 16, 2019 - 15:22 Source

battery storage wind solar - optimisedAt All Energy 2019, on stand NN139 RFI is excited to launch exclusive new solutions and value-added services for the solar industry.

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MacroBusiness Wednesday, October 16, 2019 - 15:00 Source

Tribalism is the bane of Australian progress. It is the default position for a populist Australian psychology that is always far more ready to adopt partisanship over national interest or even ideology. To wit, at The Guardian: While national politics frets about its trust crisis, the bulk of Australian voters appear reasonably sanguine with both

The post GetUp versus Advance destroys Australian politics appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 16, 2019 - 14:40 Source

The Australia Institute’s Maryanne Slattery has hit out at the new found push to build dams across regional Australia to alleviate drought, arguing that it would be both costly and pointless given there will not be enough rain to fill them due to climate change: …if new dams can solve Australia’s water problems, why didn’t

The post Building more dams won’t make it rain. Nor will bringing in millions appeared first on MacroBusiness.

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Renew Economy Wednesday, October 16, 2019 - 14:26 Source

origin energy agm 2019 - optimisedOrigin Energy board faces fiery shareholders focused on NT fracking and sees coal-fired Eraring power station as valuable even under a 1.5-degree target.

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MacroBusiness Wednesday, October 16, 2019 - 14:20 Source

Via Bill Evans at Westpac: There are two very important aspects to the minutes of the October meeting of the Reserve Bank Board. The first one relates to the conclusion to the minutes, “the Board would continue to monitor developments, including in the labour market, and was prepared to ease monetary policy further, if needed…” This language

The post Bill Evans: RBA still cutting next in February, 2020 appeared first on MacroBusiness.

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Renew Economy Wednesday, October 16, 2019 - 14:05 Source

Mojo signs long term PPA with Suntech for construction of small solar farm in north-east Victoria, with more deals to come.

The post Mojo Power signs long term contract for new solar farm in Victoria appeared first on RenewEconomy.

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MacroBusiness Wednesday, October 16, 2019 - 14:00 Source

They’re risky, have falling earnings, and are very highly valued at 15x forward. Yet Aussie banks are still bid. Why? A couple of Jonathon Mott charts from UBS tell the tale. It’s called the “dash for trash”: Lol. Divy cuts anyone?

The post Why crapola Aussie banks are still bid appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 16, 2019 - 13:45 Source

Anglicare has released a report which shows that there are 5.5 people competing for every entry-level job position. From The Guardian: Australia’s most disadvantaged jobseekers are forced to compete against growing numbers of underemployed people for a dwindling number of suitable jobs, a report has found… Anglicare’s Annual Jobs Availability Snapshot, released on Wednesday, found

The post Jobspocalypse as 5.5 people compete for each entry-level role appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 16, 2019 - 13:30 Source

Via the excellent Damien Boey at Credit Suisse: Minutes from the RBA’s early October meeting were dovish. The Bank highlighted: Its easing bias. That rising house prices are not a constraint on policy easing right now. The low(er) exchange rate as an especially important channel for rate cuts to be transmitted to the broader economy.

The post CS: RBA has lost it appeared first on MacroBusiness.

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MacroBusiness Wednesday, October 16, 2019 - 13:15 Source

In September last year, ACCC chairman Rod Sims warned state governments against accepting unsolicited bids for infrastructure projects: “The ACCC considers that state governments should only award new toll road concessions through a competitive bid process, and not following an unsolicited proposal unless there is a truly compelling reason,” Mr Sims said. “Accepted unsolicited proposals

The post $15b airport rail tunnel highlights problem with in-fill infrastructure appeared first on MacroBusiness.

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