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Weekend Reading: 14-15 December 2019

December 14, 2019 - 00:01 -- Admin

Global Macro / Markets / Investing: U.S. coal production employment has fallen 42% since 2011 – Bic Magazine Morgan Stanley gears up for the new decade with job cuts – Euro Money The Rich Are Buying Physical Gold Bullion in Preparation for Recession – Gold Silver Bitcoin Americas: Why some economists are calling 401(k) plans

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Macro Afternoon

December 13, 2019 - 16:00 -- Admin

Everything is awesome as the Tories look set to wipe out any chance of the UK remaining both in the EU and in, well union as risk takers take the cue that the US/China trade deal is done as well, sending the USD down against almost everything but gold. Stock markets have responded to the

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Give Australia Brexit!

December 13, 2019 - 15:24 -- Admin

The UK has embraced Brexit in its national election. It’s time Australia followed suit. We need it a lot more than the UK does. Why we need our own Brexit is as obvious as falling wages growth, skyrocketing house prices, smoke choked cities, the staggering water crisis engulfing the east coast, the disappearence of city

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IMF warns on Australian property bubble

December 13, 2019 - 15:18 -- Admin

Via the IMF today: A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to

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Infographic: Electric vehicles will not save coal

December 13, 2019 - 14:00 -- Admin

The purpose of this Infographic is to debunk the common misconception that a switch to Electric Vehicles will hugely increase demand for electricity. This Infographic breaks down and depicts the data that it won’t, and in turn, Electric Vehicles will not save Coal as many suggest is might. The resulting effect is that Oil has

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RBA: Banks need to derisk offshore borrowing

December 13, 2019 - 13:40 -- Admin

Has the RBA been hacked or what? More sense from The Bulletin from Kellie Bellrose and David Norman: Abstract Australian banks access large and deep foreign funding markets to supplement their domestic funding. Looking at the major banks’ worldwide operations, such offshore funding accounts for about one-third of their assets. This funding is raised in

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Sydney’s wealthy elites are migrant NIMBYs

December 13, 2019 - 13:20 -- Admin

As we already know, Sydney is a primary entry point for migrants: And Western Sydney is the prime dumping ground for these migrants: With Western Sydney also projected to receive the lion’s share future immigration-driven population growth – i.e. an additional 1.2 million people over the next 20 years, according to the Greater Sydney Commission:

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Mirabile dictu: Perth rental market tightens!

December 13, 2019 - 13:00 -- Admin

The Real Estate Institute of Western Australia (REIWA) has released its rental data for the September quarter, which reveals that Perth’s rental market has tightened, with the vacancy rate falling to 2.5%: This is yet to translate meaningfully into rents, however, which remained flat over the past three quarters; although they have risen $10 for

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Canberra backs mass immigration over species survival

December 13, 2019 - 12:39 -- Admin

Phil Coorey today with dark musings on climate politics. First on The Greens and their election Adani cavalcade: Brown argues the mission was a success because the Greens’ vote rose nationally and the party secured the re-election of its Queensland senator Larissa Waters “with a more than 3 per cent increase in her vote”. But

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More details of Trump’s big non-deal trade fold

December 13, 2019 - 12:30 -- Admin

More details of the trade deal now at the WSJ: Michael Pillsbury, an adviser to the president, said he spoke with Mr. Trump, who said the deal calls for China to buy $50 billion worth of agricultural goods in 2020, along with energy and other goods. In exchange the U.S. would reduce the tariff rate

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