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MacroBusiness Friday, April 6, 2018 - 00:12 Source

By Leith van Onselen In the week ended 5 April 2018, the CoreLogic 5-city daily dwelling price index, which covers the five major capital city markets, rose by 0.04%: It was the first weekly increase in values for 13 weeks. Values rose across three major markets and fell in two: So far in 2018, home

The post CoreLogic Weekly Australian house price update: small bounce appeared first on MacroBusiness.

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MacroBusiness Friday, April 6, 2018 - 00:06 Source

Via Domainfax: AGL will defy pressure by the Turnbull government to sell its ageing Liddell power plant, warning that interference in the market would raise issues of ‘‘sovereign risk’’ that could deter investment in new energy assets. In a rare interview, chief executive Andy Vesey told Fairfax Media the much-publicised interest in AGL’s Hunter Valley coal-fired

The post Whatever the ACCC says on energy, do the opposite appeared first on MacroBusiness.

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MacroBusiness Friday, April 6, 2018 - 00:01 Source

Global Macro / Markets / Investing: Ripple Has Tried to Buy Its Way Onto Major Exchanges for Cryptocurrency – Bloomberg Gundlach betting against stocks because of bond yields and bitcoin – CNBC The striking similarities between mortgage-backed securities and the 17th century financial system – MarketWatch The Hedge Fund Guy Who Spent $100K To Remove

The post Links 6 April 2018 appeared first on MacroBusiness.

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Renew Economy Thursday, April 5, 2018 - 20:07 Source

Grid operator says Tesla big battery is faster and smarter than conventional turbines - and is also reducing prices.

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Renew Economy Thursday, April 5, 2018 - 20:07 Source

Grid operator recognises that the Tesla big battery is faster and smarter than conventional turbines - and also reducing prices.

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The Australian Independent Media Network Thursday, April 5, 2018 - 17:12 Source

Like I said a few days ago, if you’re going to make a prediction, make it a really unlikely one. That way, if you happen to be correct, you look like a genius; if you’re wrong it looks like a joke. Why do I say that Turnbull will call an election? Well, quite simply, he…

The post Turnbull To Call Election! appeared first on The AIM Network.

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Renew Economy Thursday, April 5, 2018 - 14:17 Source

New target equates to an effective level of rooftop solar PV installations of 1140MW in 2018 plus approximately 67,000 solar hot water systems.

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Renew Economy Thursday, April 5, 2018 - 14:16 Source

ACT says it won't be bullied on the NEG by Coalition. “We need to get a good outcome, not just any old outcome," it says - just as the Coalition's hard right warns against any slippage in the NEG's proposed stifling of renewables.

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Renew Economy Thursday, April 5, 2018 - 13:56 Source

SunSPoT, a new online platform that can be used to calculate the solar power potential of any rooftop – home, business, factory or school – to be launched today in Sydney at UNSW.

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Renew Economy Thursday, April 5, 2018 - 13:44 Source

Rooftop solar installation boom continues in March, and total for first quarter is more than one third more than the previous record as households and business respond to soaring grid prices.

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politicalowl Thursday, April 5, 2018 - 13:37 Source

It is what 30 straight Newspoll losses can do to a man.

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Renew Economy Thursday, April 5, 2018 - 13:26 Source

Genex looks to add 150MW of wind to its solar and pumped hydro project, creating the "holy grail" of a major renewable energy project with reliable, dispatchable power - and a lot cheaper than coal.

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Renew Economy Thursday, April 5, 2018 - 13:26 Source

Genex looks to add 150MW of wind to its solar and pumped hydro project, creating the "holy grail" of a major renewable energy project with reliable, dispatchable power - and a lot cheaper than coal.

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MacroBusiness Thursday, April 5, 2018 - 13:01 Source

By Leith van Onselen It seems Treasurer Scott Morrison has finally seen the light. Rather than pursuing costly company tax cuts in the hope of boosting business investment, today he has discovered a far cheaper and direct route: reforming R&D tax concessions. From The AFR: There will be major changes to the $3 billion research

The post Morrison discovers cheaper way to boost investment appeared first on MacroBusiness.

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MacroBusiness Thursday, April 5, 2018 - 12:53 Source

The Aussie dollar is down during the day: Bonds have bid away from an extraodinarily stupid yield break out: XJO glimpses the light: As FMG falls down the shaft: My 2GB radio appearance has failed to derate Big Gas: Big Gold is still waffling: Big Sleazy is kidding itself that it’s over: And Big Puswad

The post Fortescue down shaft as ASX glimpses light appeared first on MacroBusiness.

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MacroBusiness Thursday, April 5, 2018 - 12:33 Source

Via The Australian: The oversupply of apartments in inner Brisbane may not be resolved until 2021, despite the cancellation or deferral of 52 new projects. A BIS Oxford Economics report shows 8300 apartments will be completed in 2017-18 — a record for apartment completions in Brisbane. And another 5000 apartments are in the pipeline for

The post Brisbane to never again run out of apartments appeared first on MacroBusiness.

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MacroBusiness Thursday, April 5, 2018 - 12:22 Source

Nobody out-bears AEP. Nobody: Donald Trump’s declaration of tariff warfare against China has little to do with trade. It is about raw power, a struggle over which of the two sparring hegemons will dominate technology and run the world in the 21st century. The pretence of cordial coexistence has all but ended in the Hobbesian

The post AEP: Trade war prelude to real war appeared first on MacroBusiness.

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Inside Story Thursday, April 5, 2018 - 12:20 Source

Bob Carr was the longest continuous serving premier of New South Wales, holding the top job from 1995 to 2005. His 1999 and 2003 re-elections were huge, approaching the Wranslides of his mentor four decades ago. Utterly dominant in the parliament bearpit, master of the media, Carr was seen by some as, in the words of his biographer Andrew West, “the nation’s wiliest politician.”

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MacroBusiness Thursday, April 5, 2018 - 12:14 Source

By Leith van Onselen The Australian Bureau of Statistics (ABS) today released trade data for the month of February, with Australia’s trade surplus falling to $825 million in the February from $952 million in January: In seasonally adjusted terms, exports rose by $2 million to $34,229 million in February, whereas imports rose $130 million to

The post Australia’s trade surplus retraces in February appeared first on MacroBusiness.

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MacroBusiness Thursday, April 5, 2018 - 12:08 Source

Damien Boey at Credit Suisse has taken his bear pill today: Investor concerns about trade tensions are soothed by Kudlow Overnight, investors were initially very concerned about trade retaliation measures announced by Chinese officials. However, sentiment turned sharply higher after US President Trump’s new chief economic advisor Kudlow told investors to relax. US equities reversed

The post What’s the “Kudlow put” worth? appeared first on MacroBusiness.

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Renew Economy Thursday, April 5, 2018 - 11:54 Source

Australia’s first chauffeur-driven Tesla service, Evoke, has surpassed more than one million kilometres of zero-emission motoring by transporting passengers in its electric vehicles.

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MacroBusiness Thursday, April 5, 2018 - 11:46 Source

From FL comes some neat technicals for the Aussie dollar via Soc Gen: AUD/USD has recently tested a projection at 0.7650/30, also the 76.4% retracement from last December and the 38.2% retracement from 2016. It is worth noting that since 2016, the corrections in the pair tend to bottom out near the 76.4% of previous

The post Australian dollar technicals appeared first on MacroBusiness.

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Renew Economy Thursday, April 5, 2018 - 11:45 Source

Scott Morrisson is right to dismiss new coal generation as uneconomic, but his estimates of existing coal costs is half what NSW back coal generators charged for off-peak baseload this past winter. It is time the Coalition stopped kidding itself.

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MacroBusiness Thursday, April 5, 2018 - 11:30 Source

By Leith van Onselen Greens leader, Richard DiNatale, has been rubbished by economists for proposing a socialistic “universal basic income” (UBI) scheme in his Press Club Address yesterday. From The Australian: Greens leader Richard Di ­Natale’s policy to abolish all existing welfare and introduce a “universal basic income” — a non-means-tested payment to all citizens

The post Forget Universal Basic Income, just raise Newstart appeared first on MacroBusiness.

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Renew Economy Thursday, April 5, 2018 - 11:27 Source

100-megawatt Redstone Solar Thermal Power Project in Northern Cape, with 1,200 megawatt-hours of energy storage, will reliably deliver non-intermittent power to South Africa’s electricity grid – even well after the sun has set.

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Renew Economy Thursday, April 5, 2018 - 11:17 Source

LGC market endured a mundane March, but the small-scale market was abuzz with activity and speculation surrounding the target for 2018.

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Renew Economy Thursday, April 5, 2018 - 11:13 Source

Costa Rica already has close to 100% renewable power for electricity. Its newly elected president now promises to replace petrol and diesel in the transport system.

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Renew Economy Thursday, April 5, 2018 - 11:10 Source

Global warming of 1.5°C is imminent, likely in just a decade from now. That’s the stunning conclusion to be drawn from a number of recent studies.

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Inside Story Thursday, April 5, 2018 - 11:08 Source

Of the many ways to commit political suicide, fashioning a noose, placing it around your own neck and inviting your enemies to seize the other end is somewhat novel in the annals of political exits — but that’s just what Malcolm Turnbull has done.

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MacroBusiness Thursday, April 5, 2018 - 11:00 Source

Via BT’s excellent Vimal Gor today: There are two attitudes you can take to the February 2018 “flash crash”. The first, and overwhelmingly the most popular, is that this was a technically driven correction in the markets, exacerbated by carry monkeys such as the short-VIX crowd, and that the pause since then has provided a

The post Vimal Gor: Stocks top is in, brace for pain appeared first on MacroBusiness.

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