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Articles from MacroBusiness

Macro Afternoon

August 16, 2018 - 16:11 -- Admin

Asian risk markets are taking a deep breath here as a rolling emerging markets crisis bears fruit mainly among stocks, but also the burgeoning USD.  There has been a hiccup here though with the Australian dollar moving higher on today’s jobs report, while the Yen fellback slightly as did offshore Yuan as the PBOC weakened

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2018 Sydney MB Fund Seminar announced!

August 16, 2018 - 16:06 -- Admin

After a full year in the office, we are happy to announce round two of the MB Fund seminar series. This year’s agenda is of course The Great Australian Housing Crash! Come one and come all to see (and meet) Leith van Onselen, David Llewellyn-Smith and Damien Klassen as they discuss just how fast and

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China sends trade delegation to US

August 16, 2018 - 14:53 -- Admin

From Bloomie: China will dispatch Vice Commerce Minister Wang Shouwen to the U.S. for low-level trade talks in late August, the first official exchanges since earlier negotiations broke down two months ago. The Chinese delegation led by Wang will meet with an American group led by David Malpass, under secretary for international affairs at the

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Bulk billing at record high, but out-of-pocket expenses also rising

August 16, 2018 - 14:15 -- Admin

The Turnbull Government has welcomed data showing that Australia’s Bulk Billing rates have hit an all-time high. From SBS News: Medicare figures show the bulk billing rate for GP visits hit a new high in 2016-17, with nine in 10 visits to the doctor not costing the patient a cent. Australians visited a doctor for

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Australia’s “degree factory” unis under threat from global competition

August 16, 2018 - 13:50 -- Admin

By Leith van Onselen It seems Australia’s latest export growth industry – selling university degrees (and residency) to international students – is under threat as China competes harder for international students. From The ABC: Australia has much invested in its ability to attract large numbers of young Asians for tertiary study. The income they bring

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Average weekly earnings climb out of gutter

August 16, 2018 - 13:30 -- Admin

By Leith van Onselen The Australian Bureau of Statistics (ABS) has released the Average Weekly Earnings (AWE) data for the six months to May 2018. A breakdown of the key changes are provided below: According to the ABS, on a seasonally-adjusted basis, national total AWE increased by 1.2% in the six months to May 2018

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Australian dollar merges into Chinese yuan

August 16, 2018 - 13:00 -- Admin

Via Bloomie: Nick Twidale, chief operating officer at Rakuten Securities Australia Pty., a unit of the major Japanese trading house, reckons the Aussie will trade below 70 U.S. cents by year’s end, and potentially as low as 60 cents in the longer-term. “The Aussie has been regarded as the major currency risk proxy for the

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Employment in detail: End of the boom?

August 16, 2018 - 12:39 -- Admin

By Leith van Onselen As summarised earlier, the Australian Bureau of Statistics (ABS) today released its labour force report for July, which registered a 3,900 decrease in total employment but a 0.1% fall in the headline unemployment rate to 5.3%, driven by a fall in labour force participation. In trend terms, the unemployment rate fell

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MB Fund LIVE webinar today: Buy or Sell the Emerging Markets Crisis?

August 16, 2018 - 11:43 -- Admin

This Afternoon (12:30pm AEST) on the live MB Fund Webinar looks at the Emerging Markets Crisis. – Is the Turkey basted? – Which is the next domino to fall? – Is China THE risk? – How these themes translate into investment practice at the MB Fund  SIGN UP for webinar, and have your questions answered live! Can’t

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Aussie jobs weak

August 16, 2018 - 11:36 -- Admin

ABS Labour Force for July is out and the news is weakness: SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE)  Employment decreased 3,900 to 12,575,200. Full-time employment increased 19,300 to 8,587,500 and part-time employment decreased 23,200 to 3,987,700. Unemployment decreased 5,700 to 706,000. The number of unemployed persons looking for full-time work increased 2,300 to 504,100 and the

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