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Articles from MacroBusiness

Macro Afternoon

October 23, 2019 - 16:30 -- Admin

Chinese bourses are dragging down the risk sentiment into a defensive mode given the late poor lead on Wall Street overnight, as the Brexit drama rolls on again. The possibility of an extension to Brexit to even early next year is providing a little bit of hope but both Euro and Pound Sterling are steady

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Kouk sees Futureboom!

October 23, 2019 - 15:00 -- Admin

Futureboom is back for the Kouk: Every month or so, I undertake a total revamp of my assessment and forecasts for the economy. With this wipe-the-slate-clean revamp, I take account of the most up to date data, incorporate policy changes and I build in new judgments on the outlook for the global economy. And so

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Treasury zombie eats another good brain

October 23, 2019 - 14:20 -- Admin

From new Treasury Secretary Stephen Kennedy today in parliament: “There are reasons to be optimistic about the outlook. I do see the economy strengthening from here. Medium-term fiscal frameworks [which] reflect an apparent short-term economic weakness or unsustainably strong growth are best responded to by monetary policy. In periods of crisis there is a case

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Australia’s not so private health insurers bleed taxpayers

October 23, 2019 - 14:15 -- Admin

With the percentage of Australians between the ages of 20 to 39 with private health insurance falling from 40% to 34% over the past five years, and older Australians claiming more than ever, private health insurance providers have demanded government subsidies to keep the industry viable. However, the health program director at the Grattan Institute,

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Weakest LNG winter prices anyone can remember

October 23, 2019 - 14:00 -- Admin

Via Yahoo: The rally in Asian liquefied natural gas prices may soon run out of steam as the bulk of winter purchasing is complete, leaving the market awash with supply. Benchmark LNG Japan/Korea Marker futures have jumped about 50% since mid-September to the highest in eight months as a boom in vessel rates and unplanned

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Even vultures won’t touch stinking Melbourne McMansion carcass

October 23, 2019 - 13:40 -- Admin

At Domain: Fuelling the forecast rise in defaults is a reluctance by the non-bank lenders to extend credit. Some have now drawn up “no go” lending zones across Sydney and Melbourne. Allen Walker, a partner at receiver and manager Cor Cordis, said he is anticipating more business will come from loan defaults in the coming

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ABC of greed: steals $23m from workers as chief pockets $1.1m

October 23, 2019 - 13:20 -- Admin

Via CPSU’s REPORT INTO CASUAL UNDERPAYMENT AT THE AUSTRALIAN BROADCASTING CORPORATION: Executive summary The Community and Public Sector Union is the largest of the ABC staff unions, with coverage of approximately 3,000 ABC workers. Our union has been advocating for the ABC and its workers since the ABC’s inception in 1932. The CPSU was also

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Victoria’s new budget crisis: “massive” traffic fine collapse

October 23, 2019 - 13:20 -- Admin

Anyone living in Melbourne would know that we live in a nanny state. Speed limits have been lowered across the board with fixed ‘road safety’ cameras planted strategically to fine unwary motorists for travelling a few kilometres per hour above the lowered limit. Along with stamp duty, the Victorian Budget has also become reliant upon

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The big four parasites of kleptocracy

October 23, 2019 - 13:00 -- Admin

Via Michael West: A former school teacher from Copacabana Beach has just locked horns with the four most powerful private institutions on the planet. And they don’t like it. The shoddy audit standards, massive government consulting business and global tax avoidance operations of the Big Four accounting firms, EY, KPMG, Deloitte and PwC, now finally

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What are the risks to a bond portfolio?

October 23, 2019 - 12:40 -- Admin

Via BofAML: Three threats to bonds Typically, when stocks decline, we see investors rushing to buy US Treasury bonds and other safe assets. This tendency of bonds to rally when stocks drop – the negative correlation between bonds & equities – is the basis for a conventional allocation of 60% to stocks and 40% to

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