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MacroBusiness Thursday, March 29, 2018 - 11:35 Source

Here’s the chart to lead us off: That’s what a tearaway currency will do to you. Now other components of European boomlet are on the turn, via Westpac: With the benefit of hindsight, we believe that 2017 will be seen as this cycle’s peak year for Euro Area growth. Against the 2.5% year-average outcome for

The post European growth has peaked appeared first on MacroBusiness.

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MacroBusiness Thursday, March 29, 2018 - 11:30 Source

By Leith van Onselen Domain’s David Ross has done a good job explaining why the Millennial generation is unlikely to enjoy a comfortable retirement, despite a lifetime of compulsory superannuation: Paul Keating, told Four Corners on Monday the workforce had changed since the system was set in place almost 30 years ago, and expectations must change with

The post If you are a Millennial, don’t expect to retire comfortably appeared first on MacroBusiness.

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MacroBusiness Thursday, March 29, 2018 - 11:15 Source

Via APRA’s February banking statistics, investment mortgage lending was up just 0.1% month on month in February and 1.7% year on year. Here’s the raw data for the big eight: ANZ CBA MAC NAB WBC BOQ BEN SUN Total Feb-18 -0.3 -0.1 1.6 -0.1 0.5 0.5 0.1 0.0 0.1 Jan-18 -0.1 -0.1 1.3 -0.8 0.3

The post Property investor lending stalls out appeared first on MacroBusiness.

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MacroBusiness Thursday, March 29, 2018 - 11:04 Source

By Leith van Onselen In the week ended 29 March 2018, the CoreLogic 5-city daily dwelling price index, which covers the five major capital city markets, fell by 0.12%: Values fell rose across three major markets and rose in two: So far in March, dwelling values are down 0.23%, with three major markets falling and

The post CoreLogic Weekly Australian house price index: falls resume appeared first on MacroBusiness.

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MacroBusiness Thursday, March 29, 2018 - 11:00 Source

By Leith van Onselen The Productivity Commission has received a joint submission from six regional banks which have called for regulatory reforms to ensure that they remain competitive against larger rivals. Amongst other things, they have argued that the Federal Government’s implicit guarantee to bail out the “big four” in the event of a financial

The post Regional banks seek level playing field appeared first on MacroBusiness.

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Renew Economy Thursday, March 29, 2018 - 10:35 Source

BMW Group unveils all-electric version of iconic 3-door Mini, with production set for 2019 in UK, and plans underway to manufacture in China.

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MacroBusiness Thursday, March 29, 2018 - 10:35 Source

Via Greg Sheridan today: The Turnbull government will cut the size of the immigration program in the coming budget. The cut won’t be huge. I would guess about 10,000. But the very act ­represents a failure of national ­development. This is a profound dynamic that in the long term imperils our future, if not our

The post Sheridan: Government to cut migration intake in Budget appeared first on MacroBusiness.

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Renew Economy Thursday, March 29, 2018 - 10:33 Source

One in eight solar installations include battery storage as the economics improves. SunWiz predicts that 33,000 household storage installations in 2018, with NSW leading the market but the best returns made in South Australia.

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MacroBusiness Thursday, March 29, 2018 - 10:30 Source

By Leith van Onselen The lack of planning and foresight to cope with the never-ending population (immigration) deluge into Australia’s big cities never ceases to amaze. Over the past year or so, we have received numerous reports about overcrowding across schools in Sydney, Melbourne and Brisbane, as well as other collateral damage including worsening traffic

The post Amid population explosion, NSW Government closes schools appeared first on MacroBusiness.

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MacroBusiness Thursday, March 29, 2018 - 10:18 Source

Nucleus Insights Series will be live today, 12.30PM (GMT + 11.00) Join David Llewellyn-Smith, Damien Klassen and Tim Fuller as they walk through the key causes for Market Volatility and the recent events that occurred last week. – What does it mean for your portfolio ? – What opportunities will this bring ? – How do

The post MB Fund webinar: Drivers of volatility appeared first on MacroBusiness.

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Inside Story Thursday, March 29, 2018 - 10:12 Source

For the best part of a year, the crisis in Rakhine State has dominated Myanmar’s domestic affairs and international dealings. Everything else seemed insignificant, a sideshow at best. But suddenly, just like that, party politics is back.

At 10.41 am on 21 March the president’s office posted a two-paragraph statement on its Facebook account. President U Htin Kyaw was resigning, effective immediately, to “take a rest.” I was in a meeting with my publisher at the time, and ran upstairs to the newsroom to help put out the first reports of his departure.

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MacroBusiness Thursday, March 29, 2018 - 10:00 Source

By Leith van Onselen Auckland’s chronic housing shortage continues to worsen, despite dwelling consents continuing to rise, according to Statistics New Zealand. There were 11,052 dwelling consents issued across Auckland in the year to February (up 10%), and 31,245 consents issued across New Zealand over the year (up 3.6%): Despite the pick-up, none of this

The post NZ’s housing shortgage worsens despite immigration pullback appeared first on MacroBusiness.

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The Global Mail - Syndicated Stories Thursday, March 29, 2018 - 09:40 Source

Siacoin is one of the best performing cryptocurrencies by market value and is on the list of the most sought-after tokens. In view of the inherent value of Siacoin as an enabler of decentralized storage across the globe, it is […]

The post How to buy Siacoin (SC) appeared first on The Global Mail.

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MacroBusiness Thursday, March 29, 2018 - 09:30 Source

Via Domainfax: “We haven’t had a government prepared to stand up to set a medium-term policy agenda in any area and seek to deliver it,” Mr Hewson told Domain. “Problems don’t get solved … they get kicked down the road, and when you kick issues like housing affordability down the road or budget repair down

The post John Hewson backs Labor’s housing reforms appeared first on MacroBusiness.

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The Tally Room Thursday, March 29, 2018 - 09:25 Source

As flagged earlier this week, I’ve now started work on the guides to the next federal election, along with the upcoming state elections in New South Wales and Victoria.

I threw it open to those people donating to my Patreon to nominate seats they wished to see prioritised, and I had 13 responses. I’ve written all these guides, and I’ll post their links below so you can all have a read over the coming weekend.

If you’d like to request a seat, you can do so if you donate $5 or more per month via Patreon.*

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Inside Story Thursday, March 29, 2018 - 09:19 Source

It has all the elements you expect in an action movie. The elite special forces team with the hardnosed captain, the laconic demolitions expert, the crack sniper, the GI Jane — as tough as her male counterparts in hand-to-hand combat — and the young kid who has to step up and save the day. The enemy, of course, is a bunch of merciless jihadists bent on stealing nuclear material for a dirty bomb, under cover of a military coup. The heroine, an intrepid journalist, must divert the commandos from their rescue mission, to halt the theft of the radioactive stockpile.

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MacroBusiness Thursday, March 29, 2018 - 09:00 Source

By Leith van Onselen The Conversation yesterday published a ripper series of charts on Australia’s private health insurance system, which illustrates the strong inflation in premiums that has taken place over the past 15-plus years. For mine, the key charts are below, namely the annual percentage increase since 2000: Premium rises relative to wages growth:

The post Is private health insurance rebate corporate welfare in disguise? appeared first on MacroBusiness.

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MacroBusiness Thursday, March 29, 2018 - 08:35 Source

By Chris Becker The poor showing in Asia did not translate into further falls in Europe, but the slump in Tesla stock and other techs pulled Wall Street down last night, slightly moving the risk edifice into correction territory. The USD launched into new heights against the majors and slamming gold while the huge auctions

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Thursday, March 29, 2018 - 08:00 Source

DXY took off last night: AUD sank: But did better against EMs: Gold was bashed: Oil fell: Base metals held on: Big miners let go: EM stocks too: Junk was OK: The Treasury curve collapsed: And bund curve: Stocks eased a touch: Not much in news to report. Macquarie’s Viktor Schvets is back with more

The post How will Australia cope with the collapse of globalisation? appeared first on MacroBusiness.

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MacroBusiness Thursday, March 29, 2018 - 06:02 Source

The Australian dollar broke support last night and headed into the mid-76ers: The key up trend line is still about one cent lower. That’s providing succor to some rusted-on bulls, via Kit Jukes at Societe General: In both Asia in February, and in Spain last week, I have been taken to task for expecting the

The post Australian dollar breaks support appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, March 29, 2018 - 06:00 Source

Thursday, March 29, 2018 Author’s note: On March 21, I posted a piece under the heading “Can you help me please”. I was seeking comments on 21 ways in which Labor could create a better society in order to write an essay. I received a response from a person who goes by the name of…

The post Day to Day Politics: A most enlightened read. appeared first on The AIM Network.

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MacroBusiness Thursday, March 29, 2018 - 05:23 Source

Media responses to the exceptional efforts of Senator Tim Storer are in a paint a gloomy picture for Australia. The Loon Pond has immediately begun to dog for dirt: The Australian can reveal Senator Storer is a former Labor Party member, having joined the ALP in NSW in 1996 after returning from working in Asia. Senator

The post How one honest man pulled the plug on Canberra swamp appeared first on MacroBusiness.

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The Global Mail - Syndicated Stories Thursday, March 29, 2018 - 04:40 Source

Internet giants, Google, Facebook, and Twitter will soon be fighting off a lawsuit regarding their banning of cryptocurrency ads on their platforms, according to local Russian news outlet TASS. The class action lawsuit is being brought on by cryptocurrency and […]

The post Google, Facebook, and Twitter to be sued for banning cryptocurrency ads appeared first on The Global Mail.

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The Global Mail - Syndicated Stories Thursday, March 29, 2018 - 02:20 Source

After the cryptocurrency market’s meteoric growth in late 2017, it is clear that the asset class has come under increased scrutiny by lawmakers around the world. Aspects of taxation, value transferability and legality are all issues that need to be […]

The post Navigating recent cryptocurrency and blockchain regulations appeared first on The Global Mail.

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The Global Mail - Syndicated Stories Thursday, March 29, 2018 - 02:01 Source

Siacoin is one of the best performing cryptocurrencies by market value and is on the list of the most sought-after tokens. In view of the inherent value of Siacoin as an enabler of decentralized storage across the globe, it is […]

The post How to buy Siacoins appeared first on The Global Mail.

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MacroBusiness Thursday, March 29, 2018 - 00:20 Source

By Leith van Onselen MB has noted many times the various blunders made by former Treasurer, Peter Costello, which have worsened the long-term sustainability of the Budget, in addition to reducing equity. These include: Freezing fuel excise indexation in 2001 (costing more than $5 billion annually today); Greatly loosening the assets test to qualify for

The post Costello’s Budget vandalism is proving hard to repair appeared first on MacroBusiness.

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MacroBusiness Thursday, March 29, 2018 - 00:20 Source

Via Damien Boey at Credit Suisse: Markets chasing the wrong headlines Over the past few days, investors have been closely monitoring trade tensions between the US and China. The most recent innovation came overnight, with the US planning emergency curbs on Chinese investments. But we think that the market is dismissing emerging USD liquidity issues

The post Interbank costs still rising appeared first on MacroBusiness.

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North Coast Voices Thursday, March 29, 2018 - 00:16 Source

Australian Prime Minister Malcolm Bligh Turnbullstill continues (as late as Wednesday 28 March 2018) to deny any part in the Barnaby Joyce scandal…..The Sydney Morning Herald, 28 March 2018: A key adviser to Prime Minister Malcolm Turnbull helped to formalise a job transfer for the partner of Barnaby Joyce, according to new details about the controversial decision to secure the new position in a ministerial office.The letter from Mr Turnbull’s senior governance adviser was signed on May 9 last year and gave

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MacroBusiness Thursday, March 29, 2018 - 00:15 Source

Via the AFR: Australian Prudential Regulatory Authority chairman Wayne Byres withstood an aggressive line of questioning from the House Economics Committee on Wednesday saying there was little evidence of a lending free-for-all and rejected claims the regulator was unable to keep the the banks in line. After more than an hour of questioning of about revelations of lax

The post At RC, APRA says it has banking ‘under control’ appeared first on MacroBusiness.

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politicalowl Thursday, March 29, 2018 - 00:15 Source


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