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Articles from MacroBusiness

Who’s overreacting here, Australia or China?

December 11, 2017 - 09:20 -- Admin

Here it is in lurid colour, from The New Daily: Nearly 80 per cent of the foreign donations made to Australia’s political parties since the year 2000 were linked to China, a study of electoral commission data has revealed. As Malcolm Turnbull vows to stand up to Beijing amid growing concerns over foreign interference, an analysis

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Mass immigration drives death of Melbourne affordable housing

December 11, 2017 - 09:00 -- Admin

By Leith van Onselen A few week’s back, CoreLogic released data showing that the bottom 10% of dwellings in Melbourne are valued at an unaffordable $439,519 – well out of reach of most first home buyers: This followed CoreLogic’s September 2017 Mapping the Market Report, which revealed a shocking decline in affordable family-friendly housing across

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Outrageous predictions for 2018

December 11, 2017 - 00:30 -- Admin

Via Saxo comes the Outrageous predictions for 2018: Fed loses independence as US Treasury takes charge Treasury enacts 2.5% yield cap after massive spike Bank of Japan loses control of its monetary policy USDJPY rises to 150 and then collapses to 100 China issues CNY-denominated oil futures contract Petro-renminbi surges, USDCNY below 6.0 Volatility spikes on

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Westpac: Falling NZ immigration to improve housing affordability, raise wages

December 11, 2017 - 00:29 -- Admin

By Leith van Onselen Throughout the previous New Zealand National Government’s reign, it continually pinned the blame for New Zealand’s woeful housing affordability on a lack of supply, completely ignoring the role played by the government’s own mass immigration program: On Friday, Westpac released a research note, entitled “They came, they saw, they’re leaving”, which

Abuses pile upon Australia’s coolie army

December 11, 2017 - 00:28 -- Admin

Australia’s last journalist standing, Adele Ferguson, has done it again: Gold Coast-based RFG is the country’s biggest food franchise operator, whose brands include Donut King, Brumby’s, Gloria Jean’s, Pizza Capers, Crust Gourmet Pizzas and Michel’s Patisserie. It has a market capitalisation of about $800 million and claims to have more than 2500 stores. Since listing on the ASX

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Why wages aren’t growing (and aren’t going to)

December 11, 2017 - 00:27 -- Admin

Treasury released a large and very good study Friday: On a variety of measures, wage growth is low. Regional mining areas have experienced faster wage growth, but wage growth has slowed in both mining and non-mining regions. Wage growth has been fairly similar across capital cities and regional areas, although the level of wages is

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Roy Morgan unemployment rises to 9.8% in November

December 11, 2017 - 00:26 -- Admin

By Leith van Onselen The latest Roy Morgan Research (RMR) unemployment estimate for November registered a 0.3% increase in the unemployment rate over the month and the key figure is a 0.6% increase over the year, with underemployment also rising: Below are the key points from the release: The workforce is 13,174,000, up 128,000 on

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ASIO: Manchurian candidates infiltrating elections

December 11, 2017 - 00:26 -- Admin

Via The Australian: ASIO has identified about 10 ­political candidates at state and local government elections whom it believes have close ties to Chinese intelligence services, in what sec­urity officials assess as a deliberate strategy by Beijing to wield influence through Australian politics. Days after the Turnbull ­government unveiled a package of measures aimed at

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Bill Evans: Consumer tapped-out

December 11, 2017 - 00:20 -- Admin

Via Bill Evans at Westpac: Both the Reserve Bank and Treasury will be disturbed by the details behind the September quarter national accounts which printed on December 6. The accounts showed that the Australian economy expanded by a less than expected 0.6% in the September quarter to deliver an annual growth rate of 2.8%. We

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How the Bitcoin pyramid bubble will proceed

December 11, 2017 - 00:20 -- Admin

It’s an eternal story of greed and loss: By the middle of the first decade of the twenty-first century, the psychology of the boom was well established. After multiple years of strong growth and rising asset values, risks seem to diminish in financial markets. The gambler has thrown the dice a number of times, and

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