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Thursday, December 6, 2018 - 09:30
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Thursday, December 6, 2018 - 09:30
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Thursday, December 6, 2018 - 09:30
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Thursday, December 6, 2018 - 09:30
Read more Views: 8
Thursday, December 6, 2018 - 09:30
Read more Views: 8
Thursday, December 6, 2018 - 09:30
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Thursday, December 6, 2018 - 09:30
Read more Views: 7
Thursday, December 6, 2018 - 09:30
Read more Views: 6
Thursday, December 6, 2018 - 09:30
Read more Views: 7
Thursday, December 6, 2018 - 09:30
Read more Views: 6
Thursday, December 6, 2018 - 09:30
Read more Views: 6
Thursday, December 6, 2018 - 09:30
Read more Views: 6
Thursday, December 6, 2018 - 09:30
Read more Views: 6
Thursday, December 6, 2018 - 09:30
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MacroBusiness Thursday, December 6, 2018 - 09:15 Source

Iron ore prices for December 5, 2018: Everything pretty flat except steep production which remains off its face. While that remains the case prices will be under pressure. Though I see that as more a price cap than falls until February.

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

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MacroBusiness Thursday, December 6, 2018 - 09:00 Source

DXY was firm last night. CNY and EUR pulled back: AUD was smashed across DMs: And EMs: Gold eased: Oil oscillated: Base metals were mixed: Big miners slumped in London: EM stock did nothing: Junk too with the US closed: Treasuries were shut: Bunds eased: Wall st was shut buy Europe led lower: US futures

The post Australian dollar tumbles on GDP fail appeared first on MacroBusiness.

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MacroBusiness Thursday, December 6, 2018 - 06:17 Source

Via the Kouk today, given he and MB are the only ones to have gotten this right: In the wake of the September quarter national accounts, and with accumulating information on house prices, dwelling investment, the global economy and spare capacity in the labour market, I have revised my outlook for official interest rates. For

The post Kouk: RBA slash rates, Australian dollar to crash appeared first on MacroBusiness.

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MacroBusiness Thursday, December 6, 2018 - 00:20 Source

Not the stupid recession that the pet shop galahs love so much. The real kind. Growth per capita and income per capita. Yesterday’s GDP was awful. Household income is getting killed: We’ve been in the income recession almost continuously for six years and it is intensifying. This is despite the what used to thought of

The post Australia is entering its third recession in thirty years appeared first on MacroBusiness.

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MacroBusiness Thursday, December 6, 2018 - 00:12 Source

By Leith van Onselen Yesterday’s national accounts release for the September quarter revealed more dire news for Australian workers, with average compensation per employee falling to just 1.2% growth: And average compensation per employees falling by 4.7% since March 2012 when adjusted for inflation: On Tuesday, the September quarter Business Indicators report was released by

The post Charting the great Australian wages recession appeared first on MacroBusiness.

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MacroBusiness Thursday, December 6, 2018 - 00:12 Source

By Leith van Onselen CoreLogic’s dwelling values results for November reported that losses have been driven by the premium end of the market, whereas values across the most affordable 25% segment has held up well: While this is true when viewed on an annual basis, growth rates are negative and trending down across all price

The post Housing correction broadens to ‘affordable’ end of market appeared first on MacroBusiness.

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MacroBusiness Thursday, December 6, 2018 - 00:11 Source

Via Martin North: As home prices fall, the risk of households with mortgages falling into negative equity is rising. This has the potential to have significant economic consequences for households and the community more generally. I discussed this with Frank Chung from new.com.au yesterday who posted an article based on the DFA analysis. As house

The post Curing the curse of negative equity appeared first on MacroBusiness.

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MacroBusiness Thursday, December 6, 2018 - 00:10 Source

By Leith van Onselen With most recent opinion polls showing the majority of Australians want immigration to be lowered, including: Australian Population Research Institute: 54% want lower immigration; Newspoll: 56% want lower immigration; Essential: 54% believe Australia’s population is growing too fast and 64% believe immigration is too high; Lowy: 54% of people think the

The post Scanlon spins mass immigration backlash appeared first on MacroBusiness.

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MacroBusiness Thursday, December 6, 2018 - 00:01 Source

Global Macro / Markets / Investing: Dow plunges more than 600 points on confusion over status of U.S.-China trade deal – Washington Post Banks May Be Safer in a Debt Crisis, But Investors Aren’t – WSJ Recession would not be a bad thing, says CEO Jamie Dimon – CNBC OPEC works on deal to cut

The post Links 6 December 2018 appeared first on MacroBusiness.

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En Passant Wednesday, December 5, 2018 - 21:30 Source

John Mullen in France wrote this after the events of Saturday but before the back-down (at least for the time being) by Macron on imposing the fuel tax. The photographs he supplied did not transpose.

Revolt in France: could Macron be under threat?

John Mullen

Q: What happened on Saturday in Paris and in France? What did you see?

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MacroBusiness Wednesday, December 5, 2018 - 17:48 Source

The carnage from Wall Street overnight has not been exactly translated into the same falls here in Asia, but it’s certainly sent volatility higher as the fallout from the US/China “trade deal that’s not a deal”. The Shanghai Composite is down 0.5% to 2651 points, still remaining above the previous support level at 2600 points, digesting the volatility

The post Macro Afternoon appeared first on MacroBusiness.

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MacroBusiness Wednesday, December 5, 2018 - 15:54 Source

Via our Shane: Given the combination of falling house prices, tightening credit conditions and constrained growth which will keep wages growth weak and inflation below target we are changing our view on the RBA from being one of rates on hold out to second half of 2020 to now seeing the next move being a

The post Shane Oliver: Next RBA move on interest rates is down appeared first on MacroBusiness.

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MacroBusiness Wednesday, December 5, 2018 - 15:51 Source

Via The Guardian has a nice sccop: [Malcolm Turnbull] urged his Liberal colleagues to revive the Neg – abandoned as a casualty of the August leadership fight – arguing it was a “vital piece of economic policy and has strong support, none stronger I might say, than that of the current prime minister and the current

The post Toxic Turnbull intensifies appeared first on MacroBusiness.

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Renew Economy Wednesday, December 5, 2018 - 15:37 Source

Morrison government's big stick forced divestment legislation clearly an attempt to force AGL to sell Liddell and not close it. It is revenge, bullying and stand-over tactics.

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Renew Economy Wednesday, December 5, 2018 - 15:32 Source

Quest for viable alternatives to lithium-ion continues, with news researchers have demonstrated rechargeable aluminium-ion batteries as possible for future renewables storage.

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Renew Economy Wednesday, December 5, 2018 - 15:31 Source

Greens-led, Labor-backed effort to block Coalition from underwriting coal-fired generation in Australia narrowly defeated in Parliament's Upper House.

The post Coalition scuppers Greens, Labor efforts to block new coal appeared first on RenewEconomy.

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