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The many reasons for a weak US dollar

February 22, 2018 - 00:15 -- Admin

Via Bank of Tokyo-Mitsubishi in January: USD: hard to see a clear trigger to reverse near-term sell off The US dollar has continued to weaken during the Asian trading with the dollar index breaking below the 90.00-level for the first time since the end of 2014. US dollar weakness at the start of this year

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Carbon emissions march higher

February 22, 2018 - 00:10 -- Admin

Via WaPo: Barely two years ago, after weeks of intense bargaining in Paris, leaders from 195 countries announced a global agreement that once had seemed impossible. For the first time, the nations of the world would band together to reduce humanity’s reliance on fossil fuels in an effort to hold off the most devastating effects of climate

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Links 22 February 2018

February 22, 2018 - 00:01 -- Admin

Global Macro / Markets / Investing: Are alpha males worse investors? – The Economist Treasury $258 Billion Bond Auction Is Hogging All the Attention – Bloomberg Private Equity: Overvalued and Overrated? – American Affairs Journal Bitcoin nearly doubles in value from year’s low hit in early February – Reuters Why Is It So Hard for

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Macro Afternoon

February 21, 2018 - 17:28 -- Admin

A slightly better day here in Asia, but risk markets are still listless given the lack of follow through on Wall Street overnight from its long weekend holiday. A higher USD, possibly in the wake of higher bond yields as Treasury auctions mount up quicker than Trump’s record deficit spending, should help other domestic markets

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Japan: We won’t alter TPP 2.0 to suit US

February 21, 2018 - 13:50 -- Admin

By Leith van Onselen Yesterday, I reported that US farmers and the Republican Party are pressuring President Donald Trump to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) – dubbed by MB as TPP 2.0. In the article, I argued that TPP 2.0 looked better than the original because it appeared to have

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Residential construction activity continues to fall

February 21, 2018 - 13:01 -- Admin

By Leith van Onselen The ABS has released data on the value of construction work done for the December quarter of 2017, which registered a big seasonally-adjusted 19.4% fall in total construction activity over the quarter but a 4.6% rise over the year: The 19.4% quarterly fall in construction activity was driven by engineering construction, which

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Solar+battery now cheaper than grid power

February 21, 2018 - 12:06 -- Admin

Via Reneweconomy: In November 2016, our analysis shows that a Tesla Powerwall and a 5kW rooftop solar system could deliver electricity around the same price as grid power. Our latest estimate shows solar and storage is now significantly cheaper. In late 2016 Tesla launched the Powerwall 2, halving the price of storage relative to Powerwall

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Weak wages growth eases off bottom thanks to public sector

February 21, 2018 - 11:56 -- Admin

By Leith van Onselen The Australian Bureau of Statistics (ABS) has just released its Wage Price Index for the December quarter of 2017, which revealed a modest rebound in wages growth from very low levels: According to the ABS, wages grew by 0.55% (both s.a. and trend) in the December quarter, slightly beating economists’ expectations

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Weatherill ups renewable target to 75%

February 21, 2018 - 11:48 -- Admin

Absolute legend: South Australian Premier Jay Weatherill is lifting his state’s renewable energy target to 75 per cent by 2025, doubling down a controversial approach to energy policy that has angered the Turnbull government. Mr Weatherill, who faces an election on March 17 in which energy policy is one of the main issues, said on Wednesday he

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