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MacroBusiness Friday, March 27, 2020 - 16:00 Source

Outside local stocks its been a solid session throughout Asia for risk markets, but US futures are pulling back as all eyes are on the US Congress passing the stimulus bill. USD is losing ground against the major currency pairs, although gold remains steady, the Aussie dollar is now above 61 cents. The Shanghai Composite

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MacroBusiness Friday, March 27, 2020 - 15:20 Source

A second episode this week! Topics on the agenda today; how Marcus Today & Nucleus Wealth have performed thus far throughout the Coronavirus Crash, Marcus’ unique investment perspective, the impact (or lack thereof) of interest rate drops to the market, Trump’s obsession with the stock market, if there will be structural changes in Australia after

The post MB Fund Podcast: Coronavirus: inside the mind of a trader, with Marcus Today appeared first on MacroBusiness.

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MacroBusiness Friday, March 27, 2020 - 15:13 Source

Via the excellent George Theranou at UBS: Fiscal stimulus of $75bn, or 3.7% of GDP so far; but only 1.5% of GDP is in Q2 The total Government (Federal + State) fiscal stimulus, so far, is ~$75bn, or ~3.8% of (2019) GDP – but only ~$31bn (or 1.5% of GDP) in Q2-20. In addition, the

The post UBS: Australia facing 10% GDP wipeout, Depression appeared first on MacroBusiness.

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Renew Economy Friday, March 27, 2020 - 15:07 Source

Fracking Drill Rig at Sunset victoria australia institute - optimisedThe crash in oil prices exacerbates the uncertain future of gas as Origin Energy hits pause on fracking plans in the NT.

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Renew Economy Friday, March 27, 2020 - 14:49 Source

Australia's biggest wind farm is also likely to have set a new benchmark on price as well, the first public tender to set a contract below $50/MWh.

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Renew Economy Friday, March 27, 2020 - 14:43 Source

Air Pollution explosion emissions from Power StationsAustralian emissions data goes missing as historical data and projections scrubbed from the environment department's website.

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MacroBusiness Friday, March 27, 2020 - 14:40 Source

As we know, the widespread cancellation of sporting events across the globe has dealt a serious blow to Foxtel’s viability, whose only competitive advantage rests with televising live sporting events. In particular, the cancellation/postponement of the 2020 AFL and NRL seasons has been particularly devastating for Foxtel, given these are the jewels of the company’s

The post Foxtel dies of the virus appeared first on MacroBusiness.

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The Australian Independent Media Network Friday, March 27, 2020 - 14:36 Source

Over recent years, it has seemed that China has been entrenching strategic bases in increasingly far flung areas. I am not an expert in these matters, nor am I a conspiracy theorist, so I am merely drawing possibly erroneous conclusions from observation, and I leave it to you to judge. The Belt and Road initiative,…

The post The Chinese Empire appeared first on The AIM Network.

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Renew Economy Friday, March 27, 2020 - 14:33 Source

Ratch follows up Infigen PPA with deal to sell 19.4% of power generated by 227MW Collector project in NSW Southern Tablelands to retail supermarket giant Aldi.

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MacroBusiness Friday, March 27, 2020 - 14:20 Source

This much. Via Deutsche: A week ago, in the wake of news that China had reported a much greater drop in domestic spending in January-February than had been expected, we wrote that the global economy was moving into a severe recession and that Europe and the US would record the largest quarterly declines in GDP

The post Say what? How much did you say Wuhan flu will hit GDP? appeared first on MacroBusiness.

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MacroBusiness Friday, March 27, 2020 - 14:00 Source

From the heart of the swarm: The Real Estate Institute of Australia has already publicly stated that it understands how tenants are feeling at this time and that it has a responsibility and duty of care to look after, not only their interests, but that of the property owners and those managing and maintaining the

The post REIA demands the rent appeared first on MacroBusiness.

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Club Troppo Friday, March 27, 2020 - 14:00 Source


Not sure Winston ever said that, but it sounds like the kind of thing he might have said. Quote investigator doesn’t tell me sadly. Grateful for any others’ researches in comments below.

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John Quiggin Friday, March 27, 2020 - 13:58 Source

The ABC has an article quoting University of Melbourne epidemiologist Tony Blakely as saying (approvingly) that the object of the current “flattening the curve strategy is to smooth the path to herd immunity. Key quotes

You don’t go in too hard because you actually want the infection rate to pick up a bit and then hold,” he said.

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MacroBusiness Friday, March 27, 2020 - 13:40 Source

Interesting data from the Grattan Institute shows that traffic on Sydney’s and Melbourne’s roads has crashed 75% amid the coronavirus pandemic: Australians do appear to be changing their behaviour in response to the spatial distancing and quasi-lockdown measures imposed by the state and federal governments over the past weeks. The chart below shows that the

The post Australian vehicle trips down 75% amid partial virus shutdown appeared first on MacroBusiness.

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MacroBusiness Friday, March 27, 2020 - 13:31 Source

Via Domain: Four out of five childcare centres are on the brink of collapse and the out of school hours care industry fears it may never recover from the COVID-19 crisis, with both sectors being told they must wait for financial relief until the government orders them to close. The Early Learning and Care Council

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Renew Economy Friday, March 27, 2020 - 13:23 Source

The AEMC's convoluted Cogati process is likely to prove a distraction to the real job, which is designing a transmission and control system for a largely decarbonised grid.

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Renew Economy Friday, March 27, 2020 - 13:22 Source

Electrical power lines Electrical power and energy Alternative - optimised aemcVolumes are soft in Australia but it’s a seasonally weak time of year anyway. Any decline in volumes is mostly commercial while household volumes will likely pick up.

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MacroBusiness Friday, March 27, 2020 - 13:20 Source

The federal government’s short-sighted decision to allow Australia’s automotive manufacturing industry to close has left the nation desperately short of ventilators, placing lives at risk: The coronavirus crisis is placing immense pressure on the global availability of ventilators, which are needed to pump oxygen into the failing lungs of critically ill patients. Italy’s swamped hospitals

The post Decimation of Australia’s car industry could literally cost lives appeared first on MacroBusiness.

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MacroBusiness Friday, March 27, 2020 - 13:00 Source

The AUD is still running hot: Bonds are bid: But the ASX is sagging: Dalian is stable: Big Iron down: Big Gas up too much versus oil: Big Gold is big shite: Big Banks have rolled: Big Realty is still lovin’ zero income: Where this market goes next is anybody’s guess.

The post Australian dollar flies as ASX faceplants appeared first on MacroBusiness.

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MacroBusiness Friday, March 27, 2020 - 13:00 Source

A few weeks back there were concerns that Australia’s beleaguered National Broadband Network (NBN) would struggle to cope with extra user demand as large numbers of Australians work from home and access online streaming services: NBN Co said it had already seen a rise in demand during both working hours and the peak evening usage

The post NBN passes initial virus stress test appeared first on MacroBusiness.

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MacroBusiness Friday, March 27, 2020 - 12:40 Source

The China bounce rolls on slowly: As the globe crashes: Global economy entering recession.

The post China bounce versus global crash appeared first on MacroBusiness.

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Renew Economy Friday, March 27, 2020 - 12:27 Source

wind turbine aemc frequency response- optimisedAEMC signs off on new mandatory requirements for all NEM participants to provide frequency response services, despite concerns that it will disproportionately burden wind and solar projects.

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MacroBusiness Friday, March 27, 2020 - 12:21 Source

I alway thought SloMo was a babbling fool, able to talk under wet cement without saying anything. The bushfires crisis showed that he is worse than that: a kind of banal psychopath capable of acting like his countrymen but unable to empathise with them in person. Worse still, recently I heard from a very serious

The post How do we get rid of SloMo? appeared first on MacroBusiness.

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MacroBusiness Friday, March 27, 2020 - 12:20 Source

Earlier this month, we warned that Australia’s hospital system was already dangerously short of hospital beds before the coronavirus outbreak, given it has only 3.8 hospital beds per 1,000 people – only slightly better than Italy and less than one-third Korea and Japan: The Grattan Institute followed claiming that at current growth rates, Australia would

The post Australia to run out of ICU beds in 10 days appeared first on MacroBusiness.

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New Politics Friday, March 27, 2020 - 12:11 Source

Listen to our latest podcast! The contents:

The coronavirus crisis is likely to be with us for some time to come and governments have been doing their best to manage the crisis, but it seems some countries are doing better than others.

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MacroBusiness Friday, March 27, 2020 - 12:00 Source

Via The Guardian: You might think that the consequences of recessions are short-lived. The unemployment rate goes up for a short time, but subsequent strong growth quickly gets things back to normal. Not true. The lessons of past recessions tell a different story. The immediate economic case for minimising the loss of jobs in a

The post Ken Henry: Employment recoveries are never v-shaped appeared first on MacroBusiness.

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MacroBusiness Friday, March 27, 2020 - 11:40 Source

Raina Macintyre from the University of New South Wales believes a total lockdown of Australia could potentially stop the coronavirus within two weeks. Stephen Duckett from the Grattan Institute in turn suggests that it could take three weeks or so to halt the virus’s spread. A total lockdown would be enforced by police, and people

The post Only a complete shutdown will stop virus spread appeared first on MacroBusiness.

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MacroBusiness Friday, March 27, 2020 - 11:20 Source

Via the AFR: Finance Minister Mathias Cormann has flagged that commercial and residential landlords will have to wear some of the “pain” by granting rent relief due to the coronavirus economic downturn, as governments prepare to lead by example and waive rent for business tenants. Ahead of a national cabinet meeting of federal and state

The post Government backs rent strike! appeared first on MacroBusiness.

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Your Democracy Friday, March 27, 2020 - 11:19 Source
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MacroBusiness Friday, March 27, 2020 - 11:00 Source

Some of Australia’s superannuation funds are facing a liquidity crunch due to holding illiquid unlisted assets at the same time as the Morrison Government is permitting members to make early redemptions: Jeremy Cooper, Chairman of Retirement Income at Challenger Limited and formerly the Chair of the government’s Super System Review in 2010… warns that there

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