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Articles from MacroBusiness

The Guardian: Fox News of the Fake Left

February 22, 2018 - 11:15 -- Admin

I like Katherine Murphy usually but this is ridiculous: On Wednesday we were treated to the spectacle of two Riverview old boys – a former prime minister, Tony Abbott, who keeps doggedly prosecuting a battle he has already lost, flogging incendiary populist claptrap as a manifestation of his thwarted greatness – and a deputy prime

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Retail joins commercial property shakeout

February 22, 2018 - 11:00 -- Admin

We know that residential property is already withdrawing from growth at a decent clip: And that that is going to steepen as it follows sales: But there has been some decent offset in wider commercial property: But there are signs that this pipeline too is starting to see pressure, via NAB: • The NAB Commercial

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Paddy Manning embarrasses self in attack on MB

February 22, 2018 - 10:53 -- Admin

By Leith van Onselen Paddy Manning is the latest to attempt to discredit MB, and me in particular, on the immigration debate. Writing in The Monthly, Manning has penned the following drivel: Melbourne economist Leith van Onselen, from MacroBusiness and a member of the Sustainable Australia party, this morning told 2GB’s Michael McLaren that Abbott’s

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Will the Fed be forced to hike faster and higher?

February 22, 2018 - 10:32 -- Admin

Goldman says so: Marina Grushin: Welcome to the Top of Mind podcast. I’m Marina Grushin. Inflation worries and rising rates were among several factors that jolted equity markets out of complacency earlier this month. Yet equities have largely looked through last week’s upside surprise in core CPI, which increased at the fastest pace in 12

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IMF backs Labor’s negative gearing policy

February 22, 2018 - 10:30 -- Admin

By Leith van Onselen The International Monetary Fund (IMF) released its Article IV report on Australia, which included wide-ranging discussion on Australia’s distorted property market, as well as gave tacit support to Labor’s proposed reforms to negative gearing and the capital gains tax (CGT) discount, as well as to replacing stamp duties with land taxes

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Update on battery pricing

February 22, 2018 - 10:30 -- Admin

I had a few questions from investors about how the numbers from Reneweconomy earlier this week showing that batteries+solar are at grid parity in Adelaide stack up against our analysis.  The short answer is that salesmanship is all about framing. The numbers are similar, with high electricity prices, relatively good solar resources in Adelaide and

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Leith van Onselen talks immigration on SBS World News

February 22, 2018 - 10:00 -- Admin

By Leith van Onselen Yesterday, an SBS camera crew came over to my house to film a quick interview on Tony Abbott’s call yesterday to reduce Australia’s permanent non-humanitarian migrant intake to 110,000 (2003 levels) from the record 190,000 currently: The discussion was presented in two parts by SBS News. It was also very disappointing,

The post Leith van Onselen talks immigration on SBS World News appeared first on MacroBusiness.

Why Morrison tax cuts are Budget vandalism

February 22, 2018 - 09:44 -- Admin

David Uren asks the question today: Scott Morrison gets irritated when Labor politicians (and ABC journalists) say the government will “blow the budget” with its $65 billion company tax cuts. The tax cuts, he says, are already in the budget and have been since they were announced in 2016. The budget shows a return to

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Essential poll: Voters reject company tax cut and mass immigration

February 22, 2018 - 09:30 -- Admin

By Leith van Onselen The latest Essential Poll shows that Australian voters do not buy the spruiked economic benefits around cutting the company tax rate or increasing immigration. From The Guardian: It’s interesting to reflect on what is accepted and what is not. Where the proposition is about trickle-down economics, we are sceptical. Yet when

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