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Oz Blog News Commentary
Renew Economy Thursday, June 20, 2019 - 14:56 Source

Australia’s market leader in renewable energy and storage development, Edify Energy, has celebrated the completion of Gannawarra Energy Storage System (GESS).

The post Edify Energy celebrates completion of Gannawarra big battery appeared first on RenewEconomy.

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Your Democracy Thursday, June 20, 2019 - 14:48 Source
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MacroBusiness Thursday, June 20, 2019 - 14:30 Source

Via CBA: Lowe signals another cash rate cut is imminent Following Lowe’s speech today we are now expecting the RBA to cut the cash rate in July rather than August. We expect another 25 basis point cut later in year, probably November, taking the cash rate to 0.75%. Once again, the RBA have emphasised that

The post CBA: Second rate cut in July appeared first on MacroBusiness.

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Renew Economy Thursday, June 20, 2019 - 14:28 Source

Contracted wind and solar generated 98% of ACT's net demand over past year, and 78% of ACT's electricity could theoretically have been supplied directly from wind and solar without storage.

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Club Troppo Thursday, June 20, 2019 - 14:12 Source

Here’s Phil Lowe reporting on the RBA’s failure to meet its performance targets and refusal to do anything about it:

This decision [to cut rates by 0.25%] was not in response to a deterioration in the economic outlook since the previous update was published in early May. Rather, it reflected a judgement that we could do better than the path we looked to be on.

If anyone can fill me in on what that means, I’d be grateful.

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The Australian Independent Media Network Thursday, June 20, 2019 - 13:50 Source

A letter to Anthony Albanese: Albo! Don’t pass phases 2 and 3 of the Tory Tax Plan Abbott blocked good policy ; Now Labor has a right to block sweeping tax cuts that will indirectly hurt millions of its constituents. And many will be very disillusioned or angry if you let phases 2 and 3…

The post Albanese: Take a Stand on Tax for our Supporters’ Sake appeared first on The AIM Network.

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MacroBusiness Thursday, June 20, 2019 - 13:45 Source

Via Goldman comes the market for anything: Given the assumption that the observed datapoints are normally distributed, barometer readings can be seen as the market-implied probability for a “trade deal” if one believes the historical highs (Jan 19) or lows (Mar 18) over the past 18 months are in fact reasonable representations of those outcomes.

The post Goldman launches US/China trade deal barometer appeared first on MacroBusiness.

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MacroBusiness Thursday, June 20, 2019 - 13:32 Source

Only eight years late comes Phil Lowe: I would like to thank CEDA for the invitation to address this lunch. It is a great pleasure to be back in Adelaide and to participate in another CEDA event. Those of you who follow the RBA closely would have noticed frequent references to the labour market in

The post Lunatic RBA discovers underemployment, more cuts coming appeared first on MacroBusiness.

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MacroBusiness Thursday, June 20, 2019 - 13:30 Source

By Leith van Onselen Last weekend, CoreLogic released its preliminary auction clearance rates, which revealed the following results: Today, CoreLogic has released its final auction results, which reported a 4.6% decline in the final national auction clearance rate to 61.8% – well above the same weekend last year (52.4%) and way above last week’s 48.3%:

The post Final auction clearance rate highest in 13 months appeared first on MacroBusiness.

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MacroBusiness Thursday, June 20, 2019 - 13:00 Source

Honestly, our regulators are the biggest pack of no-hopers, via the AFR: The psychologist inserted by the corporate regulator into boardroom discussions of more than 20 blue-chip companies including Qantas, Woolworths and AMP warns that Australia’s financial sector culture is broken. Elizabeth Arzadon, the regulator’s psychologist of choice, also warns that resistance by boards to

The post Aussie banks run by psychos appeared first on MacroBusiness.

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MacroBusiness Thursday, June 20, 2019 - 12:45 Source

By Leith van Onselen You would be hard pressed to find a bigger racket than Australian pharmacies. How many any other industries in Australia have had laws implemented that ban new entrants from opening within 1.5 kilometers of an existing business? How many other industries allow only registered professionals in the field to own and

The post How the Pharmacy Guild gouges Australians appeared first on MacroBusiness.

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Renew Economy Thursday, June 20, 2019 - 12:33 Source

Ekistica solar nt - optimisedThe NT's untapped economic potential could be realised through large-scale investment in solar energy, a new BZE report has found.

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Renew Economy Thursday, June 20, 2019 - 12:33 Source

Ekistica solar nt - optimisedThe NT's untapped economic potential could be realised through large-scale investment in solar energy, a new BZE report has found.

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MacroBusiness Thursday, June 20, 2019 - 12:29 Source

The Australian dollar is soft in the circumstances of a falling DXY today: Bonds are madly bid: XJO is thundering towards record highs as the equity risk premium surges: Dalian an outright bubble now, ignoring all bad news: Not so much Big Iron: Big Gas is ignoring bad news too: Big Gold is moon shooting

The post Australian dollar launches golden rocket appeared first on MacroBusiness.

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MacroBusiness Thursday, June 20, 2019 - 12:14 Source

By Leith van Onselen The Australian Bureau of Statistics (ABS) has released its Australian Demographic Statistics for the December quarter of 2018, which revealed that Australia’s population continues to grow manically led by surging net overseas migration (NOM), mostly into Sydney and Melbourne. According to the ABS, Australia’s population rose by 1.6% in the 2018

The post Population growth surges past 400,000 on rising immigration appeared first on MacroBusiness.

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MacroBusiness Thursday, June 20, 2019 - 12:00 Source

By Leith van Onselen Robert Gottliebsen has hailed the gig economy as enabling many Australians from coping with the rising cost of living and avoiding going into mortgage arrears. Gotti has also cautioned against greater regulation of the gig economy: Australians have embraced the so-called gig economy with great enthusiasm and an incredible survey commissioned

The post We’re all slaves now, as gig economy booms appeared first on MacroBusiness.

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Renew Economy Thursday, June 20, 2019 - 12:00 Source

Renewables could power up to 90% of major new manganese project, and show how cheap wind and solar can help Australia compete in refining and value-added products.

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MacroBusiness Thursday, June 20, 2019 - 11:45 Source

Via John Hewson today: Our positions on China virtually blow in the wind. It seems we simply hope to muddle through, rather than to develop and respond in terms of a well thought out and defined longer-term strategy on our relations with China. This, in itself, undermines our credibility in Chinese eyes, a nation that

The post Hewson: ScoMo lost in China appeared first on MacroBusiness.

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MacroBusiness Thursday, June 20, 2019 - 11:30 Source

With the net debt of Australia’s state governments set to rise sharply in coming years to finance infrastructure projects for Australia’s population ponzi, analysis shows they have almost $220 billion worth of assets that could be privatised. Accordingly, IFM Investors CEO, Brett Himbury, is calling for further asset sales to the nation’s superannuation funds. From

The post Industry parasites demand more privatisations appeared first on MacroBusiness.

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Renew Economy Thursday, June 20, 2019 - 11:29 Source

oz minerals mining site 3 - optimisedOZ minerals will use a hybrid solar, wind and battery system to power its Carrapeteena Copper-Gold Mine in an effort to reduce diesel costs.

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Renew Economy Thursday, June 20, 2019 - 11:29 Source

oz minerals mining site 3 - optimisedOZ minerals will use a hybrid solar, wind and battery system to power its Carrapeteena Copper-Gold Mine in an effort to reduce diesel costs.

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MacroBusiness Thursday, June 20, 2019 - 11:00 Source

Via BNAmericas: Brazil’s supreme court of justice has authorized local miner Valeto resume operations at its largest iron ore asset in Minas Gerais state, the 30Mt/y Brucutu complex. In a release on Wednesday, Vale said that the decision will allow the full resumption of wet processing operations at Brucutu within 72 hours, thus increasing the average

The post Vale mulls S11D expansion appeared first on MacroBusiness.

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MacroBusiness Thursday, June 20, 2019 - 11:00 Source

By Leith van Onselen Statistics New Zealand has released national accounts figures for the March quarter of 2018, with Gross domestic product (GDP) rising by 0.6% over the quarter to be up 2.7% year-on-year. GDP per capita rose by 0.1% over the March quarter and rose by 0.9% year-on-year – the lowest annual GDP per

The post NZ GDP per capita growth lowest since 2011 appeared first on MacroBusiness.

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MacroBusiness Thursday, June 20, 2019 - 10:45 Source

By Leith van Onselen Last month, the NBN reported that it “continues to bleed” cash as revenue targets remain elusive: In its third-quarter results, released on Monday, NBN Co announced revenues of $2 billion but a net loss of $3.4 billion for the nine months to March 31, bringing accumulated losses to $20.7 billion over

The post Is an NBN writedown imminent? appeared first on MacroBusiness.

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MacroBusiness Thursday, June 20, 2019 - 10:40 Source

This week’s LIVE webinar (12:30pm AEST, Thursday 20th June) – we dive into our take on the current state of the global liquid dinosaur trade. Key short term fundamentals reflection on recent price volatility What are the implications for global growth, markets and interest rates? How do these short term measures play into our longer forecasts? Join

The post MB Fund Podcast: Oil Canary Dead in the Cage? LIVE TODAY appeared first on MacroBusiness.

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Renew Economy Thursday, June 20, 2019 - 10:40 Source

Coober Pedy hybrid grid operating at world leading 70% share of renewables, and at 100% wind and solar for more than half the time.

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MacroBusiness Thursday, June 20, 2019 - 10:30 Source

APRA released quarterly ADI property exposures yesterday. It is a great guide to many things but I use it mostly to track interest only mortgages. The good news is that the interest only mortgage bubble that drove the last leg up in Australian house prices is now massively de-risked. The March quarter saw IO mortgage

The post Interest only mortgages swing from downside to upside risk for house prices appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, June 20, 2019 - 10:30 Source

By Dr John Töns   We can celebrate the defeat of the Four Horsemen of the Apocalypse. We can claim that even though they may not have been vanquished they are well and truly under control. Thanks to organisations like the WHO, Pestilence is on the run. Whereas once upon time famine was an omnipresent threat,…

The post FANG of the Apocalypse (part 1) appeared first on The AIM Network.

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MacroBusiness Thursday, June 20, 2019 - 10:15 Source

Via Bloomie: China’s central bank has acknowledged its monetary tools are insufficient. The most powerful ones are proving too blunt to drill through a hardening financial system. The country’s money markets have been shuddering since regulators took over Baoshang Bank Co. last month, despite initial assurances from the central bank and other authorities that they would maintain ample liquidity.

The post China is enjoying a little funding squeeze appeared first on MacroBusiness.

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MacroBusiness Thursday, June 20, 2019 - 10:00 Source

By Leith van Onselen Australia’s apartment market is in crisis. On Christmas Eve, all residents at the 392-apartment Opal Tower high-rise were evacuated after serious cracking sent soundwaves across the complex. And then over the weekend, residents of a 12 year-old, 10-storey high-rise apartment complex in Mascot were evacuated after cracks were discovered in the foundation

The post Faulty apartments create generation of “mortgage prisoners” appeared first on MacroBusiness.

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