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Articles from MacroBusiness

Why are gyms not allowed to open in regional Victoria?

October 22, 2020 - 00:04 -- Admin

One of the most asinine lockdown restrictions implemented by the Andrews Victorian Government is the banning of gyms in regional Victoria. There are only a handful of active COVID-19 infections across regional Victoria: And the 14-day average rate of infection has fallen to just 0.4: So for all intents and purposes, COVID-19 has been eliminated

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Links 22 October 2020

October 22, 2020 - 00:01 -- Admin

Global Macro / Markets / Investing: Tesla Stock Drops Ahead of Earnings. Here’s Why. – Barrons Nokia to build mobile network on the Moon. – Reuters Americas: AOC Wants To Work With Republicans To Legalize Marijuana And End War On Drugs – marijuanamoment.net Millions Of Unemployed Americans Monitor Relief Bill Negotiations – NPR Pandemic expected

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Macro Afternoon

October 21, 2020 - 16:30 -- Admin

Risk sentiment is generally solid today here in Asia with mainland Chinese shares the only fly in the ointment as Yuan contineus to advance.  The USD is mixed against the majors with Euro spiking, Yen firming and the Australian dollar trying to clawback it start of week gains. This is good news for gold bugs

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Weekly COVID-19 (Coronavirus) statistics and analysis flipbook

October 21, 2020 - 15:00 -- Admin

See our Coronavirus data Dashboard for individual country data. COVID-19 statistics and cases around the World Italy and Iran Canada More COVID-19 Statistics and Analysis See our latest blog posts or podcasts here. See our Coronavirus data Dashboard for individual country data Data sources This is a list of some of the main data sources

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Inflation expectations scrape along bottom

October 21, 2020 - 14:40 -- Admin

From Roy Morgan Research: In September Australians expected inflation of 3.3% annually over the next two years, up 0.1% points on the record low in August. However, Inflation Expectations are still down a significant 0.7% points on the pre-pandemic month of March 2020… Inflation Expectations have fallen significantly for all Australians during the pandemic, down

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Stockland demands HomeBuilder extension

October 21, 2020 - 14:20 -- Admin

The CEO of Australia’s largest listed residential property developer, Mark Steinert, has urged the Morrison Government to extend its $25,000 HomeBuilder subsidy beyond six months: Mr Steinert said the economic boost from state and federal government stimulus programs could be widened just by allowing more time for qualifying projects to begin construction… “We do know

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The great vaccine hope wanes some more

October 21, 2020 - 14:20 -- Admin

A few more charts today on the waning hope of the great vaccine cure for COVID-19. Availability is inexorably being pushed out: Take-up is going to be abysmal: But the US had better give it out to the elderly! I remain of the view that treatments and lightning-fast tests offer greater hope for economic recovery.

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Podcast: Post-growth Australia with Leith van Onselen

October 21, 2020 - 14:00 -- Admin

Via Post-Growth Australia: The Federal budget was made public on October 2006 with the usual disappointment we have come to expect from the coalition government (well from both major parties really). So what SHOULD the budget have looked like as we enter into the pandemic flecked decade of consequence? Host Michael Bayliss talks to Leith

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Queenslanders want state border to remain shut

October 21, 2020 - 13:40 -- Admin

Hopes for a Queensland holiday before Christmas have been dealt a blow with new Roy Morgan polling showing the majority of Queenslanders want the border with NSW to remain shut: A majority of 53% of Queensland electors say they don’t want the NSW border opened now compared to 47% that do want the border opened

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Mortgage stress near record lows?

October 21, 2020 - 13:20 -- Admin

According to Roy Morgan Research, Australia’s mortgage stress is running near record lows due to around 400,000 mortgage holders on repayment holidays: New research from Roy Morgan shows an estimated 751,000 mortgage holders (20.2%) were at risk of ‘mortgage stress’ in the three months to August 2020 as Australia navigated its way through the COVID

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