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Articles from MacroBusiness

Turnbull’s polling destruction mushrooms

August 15, 2017 - 03:59 -- Admin

From Essential via The Guardian: The latest weekly snapshot of voter opinion has Labor maintaining its election winning lead over the Coalition on the two-party-preferred measure, 54% to 46%. That result is the same as last week. The Coalition primary vote is on 37% to Labor’s 39%. The Greens are steady on 9%, as is

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Turnbull stuck on polling death row

August 15, 2017 - 03:59 -- Admin

From Essential via The Guardian: The latest weekly snapshot of voter opinion has Labor maintaining its election winning lead over the Coalition on the two-party-preferred measure, 54% to 46%. That result is the same as last week. The Coalition primary vote is on 37% to Labor’s 39%. The Greens are steady on 9%, as is

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Greens torn apart by civil war

August 15, 2017 - 03:58 -- Admin

By Leith van Onselen ABC’s Four Corners last night ran an investigative special report, entitled Inside the Greens: A party in turmoil, which examined the civil war taking place within its ranks. Here’s a summary of the episode from ABC News: A Greens senator is a “team wrecker”. Local members are “kept in the dark

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Private health insurance enters the death spiral

August 15, 2017 - 03:50 -- Admin

By Leith van Onselen Commentators often talk about the electricity “death spiral”, which arises when demand for power declines, due in part to customers taking up solar, leading to higher prices to cover fixed network costs. That is, the more people that take-up solar power, the faster decline in electricity demand, and the more fixed

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Gottiboff panics as dwelling construction bust hits

August 15, 2017 - 03:37 -- Admin

From Gottiboff today: The leading city in the fall will be Brisbane, where the situation might become quite ugly. In Sydney, Harry Triguboff says he expects apartment building rates to fall between 25 and 33 per cent over 12 to 18 months which, in anyone’s language, is a major decline. In Melbourne the scene is

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More evidence of Chinese deserting Aussie property

August 15, 2017 - 03:36 -- Admin

Via the AFR: Chinese real estate agents are reporting a sharp drop-off in Australian sales over the past six weeks as new property taxes take effect, while others report Beijing’s tighter capital controls are also hurting demand. …David Wang, the vice-general manger of international sales at Chinese agency 5i5j, said sales of Australian property had dropped 80

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As regulators circled, CommBank board was forced to take action

August 15, 2017 - 00:15 -- Admin

By Nathan Lynch, Asia-Pacific bureau chief, financial crime and risk, Thomson Reuters The Commonwealth Bank money laundering scandal claimed its first scalp yesterday morning, with the imminent departure of chief executive Ian Narev. For the embattled CBA chief, the A$8.9 billion smart laundromat affair was the last straw. This article explores the untold story of

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CoreLogic: Million dollar property sales at record

August 15, 2017 - 00:10 -- Admin

CoreLogic’s Cameron Kusher yesterday published a blog post revealing that the proportion of homes selling for at least one million dollars has risen to new heights, with the immigration and bubble hotspots of Sydney and elbourne leading the way. Below are some key extracts: Over the 12 months to June 2017, 15.4% of all house

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The gas cartel has wrecked the national electricity market

August 15, 2017 - 00:06 -- Admin

Judith Sloan has a point today: The National Electricity Market is on its last legs. What started off as a good idea has descended into a joke, with state governments ­increasingly going it alone. …The NEM operates one of the world’s longest interconnected power system. It covers a total distance of about 5000km from Port

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Links 15 August 2017

August 15, 2017 - 00:01 -- Admin

Global Macro / Markets / Investing: Financial globalisation and market volatility – VOX Why Is It So Hard for Intellectuals to Envision Alternative Forms of Globalization? – CEPR Either China’s Bond Market Or Commodities Are Getting It Wrong – Bloomberg Bond Market Looks Expensive, Until You Factor in Threat of War – Bloomberg Americas: Consumer

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