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Your Democracy Friday, December 9, 2022 - 18:20 Source

Jean-Nicolas-Arthur Rimbaud was born October 20, 1854, in the small French town of Charleville. His father, an army captain, abandoned the family when he was six.

 

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MacroBusiness Friday, December 9, 2022 - 16:30 Source

Asian stock markets are all responding positively to the inversion in risk sentiment on Wall Street overnight, putting aside concerns over global recession fears and higher inflation. The USD is pulling back sharply against most of the major currency pairs with the Australian dollar on its way to the 68 cent level. Oil prices are

The post Macro Afternoon appeared first on MacroBusiness.

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Your Democracy Friday, December 9, 2022 - 15:02 Source

A confession by former German chancellor Angela Merkel about the Minsk peace agreements could be used as evidence in a tribunal involving Western politicians responsible for provoking the Ukraine conflict between Moscow and Kiev, the Russian Foreign Ministry warned on Thursday.

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Renew Economy Friday, December 9, 2022 - 14:49 Source

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Renew Economy Friday, December 9, 2022 - 14:47 Source

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Renew Economy Friday, December 9, 2022 - 14:06 Source

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MacroBusiness Friday, December 9, 2022 - 14:00 Source

In this week’s issue of Tony’s View, independent economist Tony Alexander looks at the many factors that will stabilise New Zealand’s housing market in 2023, setting the scene for a cyclical recovery into 2024. Rising construction costs Rising construction costs provide a natural floor to overall house price levels and are one of at least

The post New Zealand house prices to bust then boom appeared first on MacroBusiness.

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Your Democracy Friday, December 9, 2022 - 13:40 Source

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MacroBusiness Friday, December 9, 2022 - 13:30 Source

The Grattan Institute’s Tony Wood has continued his mea culpa on energy market intervention. In 2015, Wood said “governments should resist self-interested calls from some industries to cap prices or reserve gas for the domestic market”. He also said “Western Australia should go further, and end its policy of reserving gas for domestic use” claiming

The post Options for fixing Australia’s energy mess appeared first on MacroBusiness.

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Renew Economy Friday, December 9, 2022 - 13:05 Source

solar farmMajor new report says domestic production of silicon is the first step to breaking Australia's dependence on overseas markets and m

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MacroBusiness Friday, December 9, 2022 - 13:00 Source

Deutsche with a useful note. We argued last month that the dollar has seen the high for this cycle, with our EUR/USD year-end forecast at 1.05. With these levels reached, what now? To start with, it is important to understand why the dollar has weakened so sharply in recent months: in our framework it is

The post US dollar not done yet appeared first on MacroBusiness.

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MacroBusiness Friday, December 9, 2022 - 12:30 Source

CoreLogic’s November housing market report showed that asking rents are soaring at double-digit rates across most Australian capital city markets: Knight Frank’s Outlook Report 2023 forecasts that residential property markets are “experiencing severe supply shortages and rapid rental growth is expected to continue, with double-digit growth expected in 2023 for 11 of the 14 major

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MacroBusiness Friday, December 9, 2022 - 12:00 Source

The Parliamentary Budget Office (PBO has forecast that the average personal income tax rate will rise to 26.4% in 2032-33, compared with 23.7% in 2021-22. The ‘Beyond the Budget’ report shows that personal income tax revenue is expected to rise to half a trillion dollars in 2032-33 and account for 50% of federal government revenue.

The post Aussie income tax to soar on bracket creep appeared first on MacroBusiness.

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MacroBusiness Friday, December 9, 2022 - 11:30 Source

Westpac with the note. Weekly Payroll jobs rose 0.7% in the four weeks to 12th Nov. The ABS noted that the pace of growth in payroll jobs seen during 2022 continued into November. The pace of growth has slowed this year as the labour market tightened along disruptions from people being sick and major weather

The post Payrolls indicate jobs market not dead yet appeared first on MacroBusiness.

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Renew Economy Friday, December 9, 2022 - 11:24 Source

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MacroBusiness Friday, December 9, 2022 - 11:00 Source

Roy Morgan has released its labour force estimates for November with the nation’s unemployment rate dropping 0.2% to 9.0%. In addition, the underemployment rate fell by 1.3% to 9.2%: Below are the key points from the release: Employment increased in November driven by an increase in full-time employment. Australian employment increased 112,000 to 13,580,000 in

The post Roy Morgan: Australian unemployment falls to 9% appeared first on MacroBusiness.

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Your Democracy Friday, December 9, 2022 - 10:42 Source

Attacks deep into Russian territory carried out by Ukrainian forces confirm Moscow's fears that are behind the Russian military operation in Ukraine. NATO has plans to use Ukraine as an attack platform against Russia and this is the biggest threat to Russia's security since the USSR was dissolved.

 

by Luciano Lago

 

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Renew Economy Friday, December 9, 2022 - 10:32 Source

 HySTRA).

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Renew Economy Friday, December 9, 2022 - 10:31 Source

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MacroBusiness Friday, December 9, 2022 - 10:30 Source

The Market Ear with more. Computers are ready to sell The CTA crowd has been busy loading up on global equities over the past weeks. According to GS they have bought around $175bn in the past month which is one of the biggest buying ever and they are currently long around $80bn. In a poor

The post Bears gather at bull’s carcass appeared first on MacroBusiness.

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MacroBusiness Friday, December 9, 2022 - 10:00 Source

The September quarter national accounts revealed that Australia’s per capita household disposable income fell 0.8% over the quarter to be 4.1% lower year-on-year: While average earnings per non-farm employee rose 4.7% over the past year and average earnings per hour worked rose 3.1%, both were well below the national account’s 6.8% inflation (GDP deflator) nor

The post Aussie household disposable income crashes appeared first on MacroBusiness.

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Your Democracy Friday, December 9, 2022 - 09:59 Source

BEFORE READING THE ARTICLE THAT FOLLOWS, PLEASE CONSIDER:

THE WEST IS AFRAID/IRKED OF HAVING TO GIVE ANYTHING TO RUSSIA.

YET ANY NEGOTIATIONS HAVE TO PLY TO RUSSIA’S FAIR DEMANDS (THESE WON’T CHANGE, EXCEPT IN RUSSIA’S FAVOUR AS THE CONFLICT GOES ON. THE WEST KNOWS THIS):

*NO NATO IN UKRAINE.

*CRIMEA IS RUSSIAN

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MacroBusiness Friday, December 9, 2022 - 09:30 Source

A relief rally on Wall Street out of nowhere helped lift risk sentiment overnight, snapping back a near week long selloff amid continued pessimism around global growth prospects, as China announced more pledges to underline growth. In currency land, the USD gave back some of its recent gains with Euro and Pound Sterling firming back

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Friday, December 9, 2022 - 09:30 Source

The tyrant is in full panic reversal mode. What an amazing outcome from a few lousy street protests. Western leaders should be watching this great interest. To prevent a Taiwan war just threaten the Chinese economy with sanctions and the tyrant will fold like a cheap suit. The COVID-zero reversal is accelerating. Goldman: China Covid

The post Iron ore to the moon! appeared first on MacroBusiness.

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MacroBusiness Friday, December 9, 2022 - 09:00 Source

Apparently, at the AFR: NSW has dropped its demand that it be compensated for about $100 million in royalties, which would be lost by a cap on black coal, and instead has convinced the Commonwealth to temporarily subsidise energy bills for households and businesses. On the eve of Friday’s national cabinet meeting, NSW Liberal Treasurer

The post Energy deal almost there appeared first on MacroBusiness.

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Renew Economy Friday, December 9, 2022 - 07:48 Source

energy ministers photo bowen twitter

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MacroBusiness Friday, December 9, 2022 - 00:10 Source

Dr Bob Birrell and Ernest Healy from the Australian Population Research Institute have released a new research paper, entitled The Skills Crisis, University Culpability and the Overseas Student Industry, which examines the international student (immigration) boom that will arise following September’s Jobs & Skills Summit, alongside its consequences for Australia. Below are key extracts of the

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MacroBusiness Friday, December 9, 2022 - 00:05 Source

Below is an edited extract of the ‘Your Next Mortgage Move’ Report published by Aussie Home Loans and CoreLogic: Australia’s mortgage market is moving through unprecedented change. With rates rising rapidly, record levels of household debt and the cost of living on the rise. Before the pandemic, the cash rate target had averaged 2.55% for

The post Australia’s “unprecedented” mortgage shock appeared first on MacroBusiness.

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MacroBusiness Friday, December 9, 2022 - 00:01 Source

Global Macro / Markets / Investing: Food Prices Soar, and So Do Companies’ Profits – NY Times The U.N. Wants to Criminalize Climate Change – Prospect Former Theranos exec Sunny Balwani sentenced to 13 years in prison – Fox Business FTX held talks with Taylor Swift over $100mn sponsorship deal – FT The new oil

The post Links 9 December 2022 appeared first on MacroBusiness.

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Renew Economy Thursday, December 8, 2022 - 22:40 Source

 Risen)

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