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Renew Economy Tuesday, February 13, 2018 - 10:12 Source

Critics argue EVs charged with fossil fuelled electricity are as dirty, if not dirtier than conventional ICE cars. We put that to the test.

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Renew Economy Tuesday, February 13, 2018 - 10:12 Source

Critics argue EVs charged with fossil fuelled electricity are as dirty, if not dirtier than conventional ICE cars. We put that to the test.

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MacroBusiness Tuesday, February 13, 2018 - 10:00 Source

From the RBA’s Luci Ellis today: I’d like to thank the Australian Business Economists for once again giving me the opportunity to speak to you this morning. Last Friday we released our regular Statement on Monetary Policy. There is a lot in there, not all of which I can cover today. Instead I’d like to take

The post Luci Ellis mugged by low income growth appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, February 13, 2018 - 10:00 Source

By Cally Jetta Sometimes non-Aboriginal people struggle to view Aboriginal society from a non-ethnocentric perspective. The only way they can relate to Aboriginal culture (or any other culture) is by measuring it against their own, often unfavourably. Many times we have encountered the statements: ‘You were all still living in the Stone Age.’ ‘All you…

The post Who is Civilized? appeared first on The AIM Network.

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politicalowl Tuesday, February 13, 2018 - 09:31 Source

Michelle Grattan, University of CanberraOutspoken Queensland Nationals senator Barry O'Sullivan has declared Barnaby Joyce a “once-in-a-generation type of politician” who remains a big asset to the Nationals despite the sharp grassroots reaction to his affair with his former staffer.With some Nationals reeling from the backlash to the revelations amid speculation about Joyce’s future, O'Sullivan went on the front foot on Monday night.“We’ve not seen any government that has done

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MacroBusiness Tuesday, February 13, 2018 - 09:30 Source

By Chris Becker Everything is awesome as US stocks continued their Friday rebound rally last night, dragging European markets along for the ride. The USD fell against the majors, as did Treasury yields, taking some pressure off the beleaguered bond market while gold and copper both bounced back. In Asia today the economic calendar is

The post Macro Morning appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, February 13, 2018 - 09:27 Source

When Julie Bishop suggested that Labor should back off Barnaby she used the phrase “glass houses”. Personally, I’ve always thought that the saying, “People who live in glass houses shouldn’t throw stones’ was a little silly. I mean, if you live in a brick or wooden house, does that make it ok? While I understand…

The post Barnaby Has Problem Maintaining Election OR People Who Live In Glass Houses Should Buy Curtains. appeared first on The AIM Network.

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MacroBusiness Tuesday, February 13, 2018 - 09:17 Source

DXY was soft last night: AUD was strong against DMs: But not so strong as EMs: Gold firmed: Importantly, oil fell: As this monster long has further liquidation ahead: Base metals rebounded: Big miners launched: EM stocks too: Junk bottomed: Treasuries were bid a little: Bunds too: Stocks flew: News on the night was all

The post The end of rational exuberance? appeared first on MacroBusiness.

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MacroBusiness Tuesday, February 13, 2018 - 09:00 Source

By Leith van Onselen Last week’s December quarter results from Domain (formerly Australian Property Monitors) revealed that Brisbane unit prices continue to fall, and they are now some 14% below their 2009 high in real inflation-adjusted terms: Domain also revealed that Brisbane unit rents have experienced zero nominal growth in more than five years (i.e.

The post Brisbane apartment holders bleeding losses appeared first on MacroBusiness.

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MacroBusiness Tuesday, February 13, 2018 - 08:43 Source

Iron ore price charts for February 12, 2017: Tianjin benchmark was unchanged at $76.55. Everything is range trading. No change to outlook. Down in Q2.

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

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The Australian Independent Media Network Tuesday, February 13, 2018 - 06:00 Source

Tuesday 13 February 2018 I first posted this piece on February 11 2016, and again on February 12 2017. Seriously, how do you think it’s turned out? 1 The day has finally arrived. Barnaby Joyce has become Deputy Prime Minister of Australia. Now we have a Prime Minister who firmly believes in a Republic, equality…

The post Day to Day Politics: Nothing to rejoyce about at all appeared first on The AIM Network.

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MacroBusiness Tuesday, February 13, 2018 - 05:39 Source

Via The Guardian: An emphatic majority of Australians want a pay rise if companies get a tax cut courtesy of the Turnbull government’s commitment to cut the corporate rate to 25%, according to the latest Guardian Essential poll. The latest poll of 1,026 respondents shows 72% of the sample would approve of forcing businesses to pass

The post Essential: No change to Labor victory march appeared first on MacroBusiness.

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MacroBusiness Tuesday, February 13, 2018 - 04:40 Source

Big back-flip from Ray Dalio today that will not surprise MB readers: Let’s start by putting what’s happening within the context of the classic short-term debt/business cycle. What is Classic? In the “late-cycle” phase of the short-term debt/business cycle, when a) an economy’s demand is increasing at a rate that is faster than the capacity

The post Dalio: It’s late cycle appeared first on MacroBusiness.

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Poll Bludger Tuesday, February 13, 2018 - 04:32 Source

No change on voting intention from Essential Research, as respondents reject the government's stance on company tax cuts.

The post Essential Research: 54-46 to Labor appeared first on The Poll Bludger.

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MacroBusiness Tuesday, February 13, 2018 - 04:06 Source

The Chinese slow down is locked and loaded and getting worse. Credit for January is out and the trends are unmistakable. Total Social Financing was down -18.4% year on year to 3.06tr yuan. Bank lending was a high proportion of that at 2.9tr: The shadow bank component tumbled to just 5.2%: The rolling annual for

The post Chinese credit decelerates faster appeared first on MacroBusiness.

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MacroBusiness Tuesday, February 13, 2018 - 04:00 Source

The consumer zombie is shuffling in to eat the brains of superstar retail now. AFR: The unravelling of some big retailers with large physical store networks such as Myer and vacuum cleaner retailer Godfreys is accelerating. Their old-school approach and big-store footprint around Australia leaves them much more vulnerable to the seismic shifts under way

The post Dying consumer lands on JB HiFi appeared first on MacroBusiness.

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politicalowl Tuesday, February 13, 2018 - 00:26 Source

A difference of opinion last night about whether Barnaby Joyce was a "bottom pincher." First up this story in the Sydney Daily Telegraph:

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MacroBusiness Tuesday, February 13, 2018 - 00:25 Source

By Leith van Onselen One Nation leader, Pauline Hanson, gave an interview with 2GB’s Michael McLaren where she talked about tougher citizenship requirements, unsustainable population growth and immigration. In the interview, Ms Hanson actually makes some sensible points, including: Australia hit 24 million people last year 17 years ahead of projection; Directly linking excessive population

The post Has Pauline Hanson scuttled a sensible immigration debate? appeared first on MacroBusiness.

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MacroBusiness Tuesday, February 13, 2018 - 00:20 Source

By Leith van Onselen Last week I reported how Sydney’s public schools are crumbling under the sustained population deluge, which has added 845,000 people (20%) to Sydney’s population over the past 12 years and is projected to increase Sydney’s population by 87,000 people a year (1.74 million) over the next 20 years: Over the weekend,

The post Population ponzi leaves hundreds of Sydney students without classrooms appeared first on MacroBusiness.

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North Coast Voices Tuesday, February 13, 2018 - 00:16 Source

The Sydney Morning Herald, 12 February 2018:The Catholic Church in Australia is worth tens of billions of dollars, making it one of the country’s biggest non-government property owners, and massively wealthier than it has claimed in evidence to major inquiries into child sexual abuse.A six-month investigation by The Sydney Morning Herald has found that the church misled the Royal Commission into Institutional Responses to Child Sexual Abuse by grossly undervaluing its property treasures in both NSW and Victoria while claiming that in

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MacroBusiness Tuesday, February 13, 2018 - 00:15 Source

By Leith van Onselen CoreLogic has released its latest Mapping the Market Report, which once again illustrates the shocking disappearance of affordable housing across Sydney and Melbourne. The below graphics show the distribution of Sydney median property values by suburb in 2012: Now compare this to end-2017: According to CoreLogic: In December 2012 just 3.0%

The post Mapping the disappearance of affordable housing in Sydney and Melbourne appeared first on MacroBusiness.

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MacroBusiness Tuesday, February 13, 2018 - 00:15 Source

Via The Australian:   Investors continue to flee founder, 26 per cent shareholder and Lionel Richie fan John McGrath’s real estate outfit, which yesterday fell almost 6 per cent to a record low of 42c. It was the first opportunity for McGrath shareholders to respond to Friday night’s news that chairman Cass O’Connor and her

The post McGrathmaggedon sinks alone appeared first on MacroBusiness.

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North Coast Voices Tuesday, February 13, 2018 - 00:15 Source

University of Colorado Boulder, Cooperative Institute for Research in Environmental Sciences, National Snow and Ice Data Center (NSIDC), media release, 5 February 2018:Scientists find massive reserves of mercury hidden in permafrostResearchers have discovered that thawing permafrost in the Northern Hemisphere stores twice as much mercury as the rest of the planet's soils, atmosphere, and oceans.

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MacroBusiness Tuesday, February 13, 2018 - 00:06 Source

But we’re getting a little taste of it now, via AFR: The unexpectedly tight liquefied natural gas market in Asia is complicating Australian regulatory efforts to prioritise the domestic market for east coast gas, helping drive up local prices for the fuel in January despite soft demand. Imports of LNG by Japan, the world’s biggest

The post The greatest gas shock is yet to come appeared first on MacroBusiness.

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MacroBusiness Tuesday, February 13, 2018 - 00:01 Source

Global Macro / Markets / Investing: The Economy Is Full of Crypto (And Collective Delusion) – Bloomberg Investors Brace for More Market Turbulence After Rocky Week – WSJ S&P 500 Companies with More Global Exposure Reporting Higher Earnings Growth in Q4 – FactSet Is Bitcoin Heading To Zero? – Forbes Bitcoin Finds a Bottom as

The post Links 13 February 2018 appeared first on MacroBusiness.

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Poll Bludger Monday, February 12, 2018 - 22:42 Source

Labor maintains a modest lead in the first Queensland state poll since their November election victory.

The post YouGov Galaxy: 52-48 to state Labor in Queensland appeared first on The Poll Bludger.

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Your Democracy Monday, February 12, 2018 - 19:17 Source
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Club Troppo Monday, February 12, 2018 - 18:49 Source

Image result for crikeyIf you’d like to be in this year’s submission to Crikey for a group submission, please email me on ngruen AT the domain formerly known as gmail (and still known as gmail).

And please spread the news far and wide using all the means – inane and otherwise – at your disposal.

 

 

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The Australian Independent Media Network Monday, February 12, 2018 - 18:34 Source

When Scott Morrison was asked how he could regain voters’ interest and trust, he replied “Just by being direct and honest about how you see things, not sugar-coat things and just be as real as you can be”. Well, yes, that would be good Scott. But apparently, as “real” as Scott can be, is to…

The post You may have to reconsider your reality Scott appeared first on The AIM Network.

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Club Troppo Monday, February 12, 2018 - 18:20 Source

Image result for money and bankingCross-posted on The Mandarin: To quote Bank of England Governor, Melvin King in 2010 “of all the many ways of organising banking, the worst is the one we have today.” As I documented in part one, the Bank of England continues as a thoughtful critic to this day.

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