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Renew Economy Monday, October 16, 2017 - 10:11 Source

Paris to limit the number of cars powered by internal combustion engines on its streets and eventually move beyond polluting cars.

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MacroBusiness Monday, October 16, 2017 - 09:49 Source

Interesting stuff as the Real Estate Treasurer continues his bubble-defence world tour: When Treasurer Scott Morrison met Goldman Sachs chief executive Lloyd Blankfein in New York late last week, the Wall Street banker was baffled. Blankfein was searching for answers. Why, at a time when most economies were generally performing reasonably, had politics become so

The post What is the Real Estate Treasurer doing in New York? appeared first on MacroBusiness.

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The Melbourne Urbanist Monday, October 16, 2017 - 09:18 Source

Tw3 provides a brief commentary on stories in the news over the week ending 15 October 2017 bearing on the delights and discontents of urbanism. In this week’s Tw3 The Urbanist comments on: ‘It was always going to happen’: Sydney’s disappearing freestanding homes Old and in the way: Built in 1882, wreckers to level ‘beautiful’ building […]

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MacroBusiness Monday, October 16, 2017 - 09:15 Source

From Bill Evans, following up last week’s Consumer Sentiment Index: This week we saw a strong lift in the Consumer Sentiment Index. The Westpac Melbourne Institute Index of Consumer Sentiment rose 3.6% to 101.4 in October from 97.9 in September. It is the first time since November last year that optimists have outnumbered pessimists and

The post The dark side of consumer sentiment appeared first on MacroBusiness.

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MacroBusiness Monday, October 16, 2017 - 09:00 Source

By Chris Becker  Until Friday night there were next to no economic catalysts in the form of news or releases to get worried about, so risk markets were in “steady as she goes” mode, for the most part. The USD was broadly weaker before pre-empting Friday night’s September CPI print in the US and then snapped

The post Macro Morning (Trading Week) appeared first on MacroBusiness.

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Your Democracy Monday, October 16, 2017 - 08:39 Source

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Before Madame Bovary and Lady Chatterley’s Lover, there were the Memoirs of a Lady of Quality. These “memoirs” by Frances, the Viscountess, Vane, published in 1751, were somewhat hidden inside one of Tobias Smollett’s novels The Adventures of Peregrine Pickle... In her “memoirs” the Viscountess thoroughly mocked contemporary social and moral conventions. 

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Inside Story Monday, October 16, 2017 - 08:21 Source

For once Donald Trump appears to have been as good as his word, acting to bring into question the continued US commitment to the Iran nuclear deal. In a press briefing, ominously on Friday 13 October, Trump declared that “based on the factual record” he could not and would not certify, as required by US legislation, that the lifting of US sanctions on Iran was “appropriate and proportionate.” The lifting of the sanctions is part of the 2015 Joint Comprehensive Plan of Action, or JCPOA, to contain Iran’s nuclear program.

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The Australian Independent Media Network Monday, October 16, 2017 - 08:00 Source

By Terence Mills Punitive legislation to hobble and ultimately cripple the union movement has been a key strategy of both government and employer groups in recent times, and the fruits of these endeavours are now being harvested in the form of historically low wages growth together with the wholesale stripping of employment benefits that took…

The post Welcome to the new economy: Brought to you by the Coalition Government appeared first on The AIM Network.

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MacroBusiness Monday, October 16, 2017 - 07:21 Source

By Leith van Onselen The 2016 Census painted a nasty picture for Australia’s renters. First, the Census showed that immigration-fueled population growth has overwhelmed the number of dwellings built: Second, the Census revealed that the number of households in rental accomodation has soared, whereas households in group accommodation has also increased: Third, the Census revealed

The post The rise of Australia’s renting underclass (that is, kids) appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, October 16, 2017 - 06:00 Source

Monday 16 October 2017 Three very important issues will confront the parliament this week. The High Court will decide the fate of 6 Senators and 1 Lower House MP in respect to their dual citizenship. I’m still of the view that the court will rule that it was up to them to check every possibility…

The post Day to Day Politics: What a week it might turn out to be. appeared first on The AIM Network.

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MacroBusiness Monday, October 16, 2017 - 00:35 Source

DXY rebounded a little Friday night: But that couldn’t stop the runaway train that is AUD: Though it was mixed against EMs: AUD trader longs pulled back last week to 69k: Gold was on fire: Brent strong: Base metals partied: Big miners too: EM stocks moonshot: High yield yawned: US yields fell and the curve

The post It’s the everything (except ASX) boom! appeared first on MacroBusiness.

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MacroBusiness Monday, October 16, 2017 - 00:34 Source

Some good advice, bad advice from the AFR on stocks over the weekend: If you’re not invested in global stocks, say the experts, you’re missing out. You’re giving up a much larger exposure to IT, healthcare and other sectors and stocks that are household entities – and therefore big earners on a large scale –

The post AFR says go global stocks appeared first on MacroBusiness.

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MacroBusiness Monday, October 16, 2017 - 00:33 Source

The great ponzi-bubble is reaching for ever greater heights: Via the FT: Governments around the world will “crush” bitcoin before long, according to two of the most powerful men on Wall Street, who argue that the only real value in the fast-rising virtual currency is as a tool for criminals and money launderers. At a

The post “Governments will crush bitcoin” appeared first on MacroBusiness.

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MacroBusiness Monday, October 16, 2017 - 00:33 Source

The drum beat has resumed, from Jackie Maley: Malcolm Turnbull is poised to announce his energy policy and this week the Prime Minister and his Energy and Environment Minister Josh Frydenberg began a choreographed back-away from any suggestions the government would adopt a clean energy target, the mechanism recommended by the government-commissioned Finkel report to

The post When does Do-nothing Malcolm get boned? appeared first on MacroBusiness.

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MacroBusiness Monday, October 16, 2017 - 00:32 Source

By Leith van Onselen The lobby group representing migration agents has warned that South Australia’s population growth could fall to zero following visa reforms by the federal government. From The Advertiser: Immigration experts are warning that the state’s population growth could slow to wards zero per cent and economic problems will worsen if changes to

The post SA Premier Jay Weatherill rejects East Coast population ponzi appeared first on MacroBusiness.

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MacroBusiness Monday, October 16, 2017 - 00:31 Source

A bit of ticker finally from the The Greens, via The Australian: Greens leader Richard Di Natale says he’s prepared to stand in front of bulldozers and get arrested to stop Queensland’s Adani mine, and expects to be joined by many thousands of Australians. Predicting the protest action would be bigger than that which stopped

The post Greens declare war on Adani appeared first on MacroBusiness.

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MacroBusiness Monday, October 16, 2017 - 00:31 Source

Depending on which paper you read, the ACCC has just condemned the entire National Electricity Market. If you read The Australian it’s all the fault of renewables: Malcolm Turnbull faces a crucial cabinet debate today with a new warning from voters against schemes that pass hidden power costs on to households, with ­almost 60 per

The post ACCC throws up another energy shock yawn appeared first on MacroBusiness.

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MacroBusiness Monday, October 16, 2017 - 00:30 Source

Goodness, even permabull Peter Wargent is worried: Interest-only (IO) loans in Australia typically, though not always, have a term of five years. At that point, the loan must either be rolled over, or it flips over to become a principal and interest (P&I) loan. The repayments might be up to ~40 per cent or more higher when

The post The 2019 property nightmare appeared first on MacroBusiness.

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MacroBusiness Monday, October 16, 2017 - 00:25 Source

Via the AFR: The Reserve Bank of Australia is opening the door to even tougher regulatory restraints on risky bank lending after announcing it would do its own “bank stress tests,” a task usually performed by the prudential regulator. Amid a fresh barrage of warnings that limits on investor lending would not reduce high household

The post Jess Irvine predicts epic house price crash appeared first on MacroBusiness.

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MacroBusiness Monday, October 16, 2017 - 00:24 Source

CoreLogic released its auction report yesterday, which reported a small rebound in the preliminary national auction clearance rate to 70.6% from 68.1% last weekend, but remained well below the 76.2% recorded in the same weekend last year: Auction volumes nationally were 2,497 – slightly above the 2,443 recorded in the same weekend last year: As

The post Auctions clearances rebound above 70% appeared first on MacroBusiness.

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North Coast Voices Monday, October 16, 2017 - 00:15 Source

Hickey Street and environs in Iluka at the mouth of the Clarence RiverThe proposed 140 lot community title residential subdivision in Hickey Street, Iluka, NSW was declared a controlled action on 6 October 2017 and, as such, requires assessment under

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North Coast Voices Monday, October 16, 2017 - 00:15 Source

Crikey.com.au, 2 October 2017The Australian Defence Force revealed on Friday its troops had been involved in incidents in the northern Iraqi city of Mosul that are believed to have resulted in the deaths of eight civilians, including two children. The first incident was in March this year. An aircraft that was part of the coalition forces (that include Australia, the US, the UK and others) bombed a residential building in Mosul, which resulted in the deaths of seven civilians.

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MacroBusiness Monday, October 16, 2017 - 00:14 Source

Our Bill has donned the hard hat: Labor is promising to help embattled manufacturers by establishing a $1 billion loan fund to help the sector modernise factories and move into high value production. In a speech to the South Australian Labor conference on Saturday, Opposition Leader Bill Shorten said he would commit to creating an Australian Manufacturing

The post Shorten tosses a symbolic billion on manufacturing funeral pyre appeared first on MacroBusiness.

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MacroBusiness Monday, October 16, 2017 - 00:05 Source

Iron ore price charts for October 9, 2017: Tianjin prices jumped 4.5% back to $60. Paper went higher still overnight. Coking coal is slowing. Steel futures went nutso! The cause of the excitement was Chinese trade data which really did impress with iron ore imports soaring to 102.8mt, highest ever by some margin: However, at

The post Daily iron ore price update (dead cat bounce?) appeared first on MacroBusiness.

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MacroBusiness Monday, October 16, 2017 - 00:04 Source

From the North Korean official news agency, KCNA: A spokesman for the Foreign Ministry of the Democratic People’s Republic of Korea gave the following answer to a question raised by KCNA on Saturday as regards Australia’s frantic engagement in the hostile acts of the U.S. against the DPRK: Lately, Australia is showing dangerous moves of

The post Clash of the Titans: Straya and DPRK go at it appeared first on MacroBusiness.

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MacroBusiness Monday, October 16, 2017 - 00:01 Source

Global Macro / Markets / Investing: Why 2017 will go down as the beginning of the end of the internal combustion engine – Washington Post World Bank President: Everyone Is Excited About Blockchain – Coin Desk How Neoliberals weaponise the concept of an ideal market – Mainly Macro Why James Dimon and Larry Fink Aren’t

The post Links 16 October 2017 appeared first on MacroBusiness.

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Sunday, October 15, 2017 - 23:13 Source
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politicalowl Sunday, October 15, 2017 - 23:13 Source
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Poll Bludger Sunday, October 15, 2017 - 21:55 Source

The first Newspoll result from The Australian in three weeks has Labor’s two-party lead unchanged at 54-46, from primary votes of Coalition 36% (steady), Labor 37% (down one), Greens 10% (up one) and One Nation 9% (up one). Malcolm Turnbull’s lead as preferred prime minister has narrowed slightly, from 42-31 to 41-33, and he has taken a knock on his personal ratings, with approval down three to 32% and disapproval up four to 56%.

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The Australian Independent Media Network Sunday, October 15, 2017 - 21:15 Source

“It is hardly necessary to say that the court is aware of the need to give its answers to these references with or without reasons as soon as possible,” declares High Court Chief Justice Susan Kiefel, Friday. Kiefel is slapping down brash Matt Canavan’s barrister, David Bennett QC, whose client has changed his story several…

The post A government not remotely interested in health. Nor human rights. appeared first on The AIM Network.

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