Articles from MacroBusiness

Has the cult of the Naked CEO sunk the CPA?

There is nothing more precious in this life than your reputation. Not least if you are an auditor! Does anyone remember Arthur Anderson? Via the AFR: Government regulator the Professional Standards Councils has confirmed that public practice CPAs in Victoria will lose their protection from multimillion-dollar malpractice lawsuits, and that CPAs in other states and territories are also

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Loon Pond bubbles over

Via the AFR: Malcolm Turnbull must put more conservatives in the cabinet and demote Christopher Pyne if he wants to hang on to his leadership and prevent civil war, senior conservatives say. As Tony Abbott stepped up his campaign to topple Mr Turnbull with a provocative speech over policy direction, the Prime Minister sought to

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Victoria is a rat on the turbocharged immigration treadmill

By Leith van Onselen The release yesterday of the ABS population data for the 2016 Calendar year revealed some inconvenient truths for the Victorian economy. This data showed that Victoria’s population surged by an Australian record 146,628 people in the 2016 calendar year, representing a population growth rate of 2.40%: The State Government has been

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Daily iron ore price update (headfake)

Iron ore price charts for June 27, 2017: Tianjin benchmark roared 6% to $59.10. Coal is calm. Steel too. The trigger of course was this, via SCMP: China would like foreign businesses to keep their profits in the country and reinvest them, Premier Li Keqiang said in his keynote speech at the World Economic Forum

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Links 28 June 2017

Global Macro / Markets / Investing: Assessing Global Imbalances: The Nuts and Bolts – IMF Unemployment insurance and reservation wages – VOX Tariffs on Solar Panels Could Slow Industry Growth by 66% – Bloomberg Sharing Economy: Why Blockchain Might Be Next Big Thing for Office Rental – Coin Telegraph Bitcoin, Ether Lead Digital Currency Slide

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Macro Afternoon

by Chris Becker Its been a fairly unexciting session in Asia today following the mixed but still positive lead from Wall Street overnight. Most Asian share markets finished in the green, but only just as most traders and algos steer into the financial conferences tonight in London, inching and dicing on each word said by

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Victorian immigration ponzi goes completely mad

By Leith van Onselen The ABS released its Australian demographic statistics for the December quarter of 2016, which revealed that Australia’s overall population growth rate has accelerated led by unprecedented growth in Victoria, which has once again obliterated records. According to the ABS, Australia’s population rose by 1.55% in the year to December 2016 to

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Iron ore rockets as Li Keqiang backs growth

Dalian just went sick: Big Iron is following: The trigger appears to be a speech by Chinese Premier Li Keqiang in which described the momentum of world economic recovery as “insufficient“: Anti-globalisation voices emerging World political risks on the rise Momentum of world economic recovery insufficient economic growth needs to ensure fairness, sustainability limiting trade

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Abbott: Cut immigration to take pressure off houses and wages

He sure ain’t going away: Tony Abbott has delivered a stinging rebuke to the Turnbull Government sharpening his own vision for the country and politics in Australia, promising he is “in no hurry to leave public life because we need strong liberal conservative voices now, more than ever”. In an address delivered in Brisbane this

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Census 2016: Rise and rise of generation rent

By Leith van Onselen As a teaser to next week’s Member’s Special Report examining the Census data as it pertains to the housing market, below are some interesting summary charts showing the change in the composition of home ownership and renting over the past 20-years at the national level. First, the overall home ownership rate

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