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Articles from MacroBusiness

The entire Coalition debate on energy costs is rubbish

June 14, 2017 - 10:16 -- Admin

From Treasurer Morrison: Treasurer Scott Morrison has warned the federal government can’t continue with existing energy policy because it’s hurting families and the economy. Mr Morrison described as a “useful discussion” a lengthy coalition partyroom meeting on Tuesday night about a report from Chief Scientist Alan Finkel on energy security. Mr Morrison warned that for

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Macro Morning

June 14, 2017 - 09:30 -- Admin

By Chris Becker   A more positive session last night with US and European stocks pushing higher as the USD retreated against the majors coming into this weeks FOMC Meeting and tonights CPI print.. UK inflation came in a bit hotter than expected, helping reverse some of the Pound’s recent losses on the May election

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Student internships: another avenue for ‘slave labour’

June 14, 2017 - 09:25 -- Admin

By Leith van Onselen This site has often questioned the merits of Australia’s demand-driven university system, which is producing far too many graduates for the economy to digest, costing both students and the Budget a fortune. I have previously likened this demand-driven university system to a form of quantitative easing. That is, universities have turned

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NZ house prices rise in May, but sales volumes collapse

June 14, 2017 - 09:24 -- Admin

By Leith van Onselen The REINZ has released its house price data for May, which revealed a 0.1% seasonally adjusted monthly rise in the national median house price, with prices up 6.2% year-on-year: Outside Auckland, house prices rose by 0.5% in May, with prices up 11.5% year-on-year. Looking at the major cities, Auckland’s seasonally adjusted

The post NZ house prices rise in May, but sales volumes collapse appeared first on MacroBusiness.

Recession? In a first, Chinese yield curve fully inverts

June 14, 2017 - 08:44 -- Admin

Credit stress is now very obvious in China. Interbank markets have all hit new yield highs in recent days: Even more revealing, the Chinese yield curve has fully inverted for the first time in modern history: An inverted yield curve is a classic recession indicator as short end tightening surpasses long term inflation expectations. We’ve seen

The post Recession? In a first, Chinese yield curve fully inverts appeared first on MacroBusiness.

Stocks pile on late cycle surge

June 14, 2017 - 08:09 -- Admin

The Aussie rolled against major currencies last night: Commodity currencies too though Brazil is weak: Gold was hit: Brent too: Base metals were mixed: Big miners too: EM stocks rebounded: US high yield is still diverging from EM: US bonds were sold but the curve flattened again: European spreads tightened: Stocks rebounded: S&P500 closed at

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Expect a big housing correction next time around

June 14, 2017 - 00:20 -- Admin

By Leith van Onselen CoreLogic’s Cameron Kusher has released interesting analysis looking at the past two housing corrections, which saw some major capitals post double-digit peak-to-trough losses: Looking at the declines which commenced in 2008, the magnitude of falls was fairly minor considering most advanced economies fell into recession as a result of the financial

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Has Perth’s property market bottomed?

June 14, 2017 - 00:20 -- Admin

By Leith van Onselen Check out this video from Sunrise, which has the property lobby calling the bottom of the Perth housing market and predicting the city’s dwelling prices and rents will soon start to rise. Perth Now also picked the story up: PERTH’S property market has bottomed out, with some of the industry’s biggest

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Property parasites hate on H&H

June 14, 2017 - 00:19 -- Admin

I don’t bother with Twitter much given it’s so limited but this was brought to my attention today: Does anyone remember what life was like before MB when these property parasites ran amok without fear of accountability? They are on the run now.

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