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THE BLOT REPORT Thursday, May 19, 2022 - 14:37 Source
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The Australian Independent Media Network Thursday, May 19, 2022 - 14:30 Source

By Alan Austin   First the Covid crisis was “worse than the global financial crisis”, then it was “thirty times worse”, then it became “the most significant crisis Australia has seen since the Second World War.” That’s according to Scott Morrison and Josh Frydenberg. Now, as their messaging appears to be flailing, “the country has been…

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The Australian Independent Media Network Thursday, May 19, 2022 - 14:00 Source

By Steve Davies   Australian Federal Election May 2022 Judgment Day – A quick guide for voters About this guide Now that the noisy political campaigning is officially over we all have time to think and reflect. Over the past few weeks we have all been bombarded by candidates and the media alike. The next few…

The post Judgment Day – A quick guide for voters appeared first on The AIM Network.

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MacroBusiness Thursday, May 19, 2022 - 14:00 Source

Simon Kuestenmacher is Director of Research at The Demographics Group and is described as “a rising star in the world of demography”. The Demographics Group is the private enterprise headed by self-proclaimed “unabashed supporter of a bigger Australia” Bernard Salt, who has spent years lobbying for mass immigration. Kuestenmacher has been frequently cited in the mainstream

The post Another Big Australia shill moans about housing shortages appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, May 19, 2022 - 13:48 Source

Recently I received a letter from John Howard telling me that he’d known Josh Frydenberg for twenty years and what a great chap he is and how intelligent and hard working he is. It was like one of those references you write when you don’t know the person very well but you know them well…

The post Take The PM To The April Sun In Cuba… appeared first on The AIM Network.

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Renew Economy Thursday, May 19, 2022 - 13:37 Source

Mornington big battery Maoneng

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MacroBusiness Thursday, May 19, 2022 - 13:30 Source

With real Australian wages falling to December 2014 levels amid the spike in inflation: The Fair Work Commission (FWC) has flagged the possibility of awarding a larger increase in the minimum wage for the lowest-paid workers and a smaller rise for people on higher minimum award rates: At a minimum wage hearing on Wednesday, Fair

The post Two-tier minimum pay rise flagged by Fair Work appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, May 19, 2022 - 13:15 Source

2022 has been a tough year. Let us take a look at Scott Morrison’s Team Australia – a major player in 2022 – where they are at, what they have produced recently, and take a look at what we can expect if they are returned at the looming Federal Election. I want to take a…

The post Team Australia – an analysis appeared first on The AIM Network.

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The Tally Room Thursday, May 19, 2022 - 13:05 Source

I thought it was about time to do another update of the early voting statistics.

As of the end of Wednesday, 3.87 million people had cast a pre-poll vote. This compares to 3.52 million as of the same point in 2019, and a cumulative total of just under 4.8 million as of the end of the 2019 pre-poll period.

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Renew Economy Thursday, May 19, 2022 - 13:03 Source

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MacroBusiness Thursday, May 19, 2022 - 13:00 Source

CoreLogic has released its final auction results for last weekend with the nation’s clearance rate falling to 60.1% – the lowest level since August 2021. The decline in the nation’s clearance rate was driven by Sydney, which fell to only 53.8% – the lowest reading in more than two years. According to CoreLogic: The busiest

The post Sydney’s sick auction market a harbinger for house price falls appeared first on MacroBusiness.

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Renew Economy Thursday, May 19, 2022 - 12:47 Source

ocean orsted

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Renew Economy Thursday, May 19, 2022 - 12:35 Source

 UN Photo/Loey Felipe).

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Renew Economy Thursday, May 19, 2022 - 12:32 Source

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MacroBusiness Thursday, May 19, 2022 - 12:30 Source

While the gas cartel is busy forcing Australian energy bills up by sending our gas offshore, turns out the industry also pays minimal tax. According to a new report from The Australia Institute (TAI), major gas companies haven’t paid income tax in seven years despite earning $138 billion from their Australian operations: New analysis of

The post Gas cartel pays no tax, forces Aussies to pay more appeared first on MacroBusiness.

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Renew Economy Thursday, May 19, 2022 - 12:27 Source

Australian Greens leader Adam Bandt at the Smart Energy Expo in Sydney.

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The Australian Independent Media Network Thursday, May 19, 2022 - 12:15 Source

It’s the last week of an election between the uninspiring and the unspeakable. Australia’s conservative incumbents – the unspeakable ones – are even desperate enough to concede to a lack of popularity. Dislike us, but for heaven’s sake, vote us in. The times are wretched, the cost of living is rising, and we are going…

The post COVID Brain Fade at the Australian Elections appeared first on The AIM Network.

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MacroBusiness Thursday, May 19, 2022 - 12:05 Source

In this investment podcast, Nucleus Wealth Chief Investment Officer Damien Klassen, Senior Financial Adviser Samuel Kerr, and Chief Strategist David Llewellyn-Smith will discuss whether markets are correctly pricing in a large stimulus package from China and what the consequences will be if it is not forthcoming. Topics on the agenda today: Is the great China

The post MB Fund Podcast: Is China’s Great Reckoning At Hand? appeared first on MacroBusiness.

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MacroBusiness Thursday, May 19, 2022 - 12:00 Source

A nice little summary from Credit Suisse. Sentiment is not everything. For me, the most important indicator is that credit spreads lead the bounce.  — We still have a cautious view of equities. We have the following concerns: Recession risk remains very high. We believe that US GDP needs to slow to 1%topush up the

The post What to look for in an equities bottom appeared first on MacroBusiness.

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MacroBusiness Thursday, May 19, 2022 - 11:41 Source

The ABS has just released its labour force survey for April, which reported that Australia’s unemployment rate has fallen to its lowest level since August 1974 at just 3.9%, with underemployment also falling to its lowest level since 2008 at just 6.1%: The key movements are shown below: In particular: Unemployment rate down slightly to

The post Unemployment rate falls to 48 year low of 3.9% appeared first on MacroBusiness.

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MacroBusiness Thursday, May 19, 2022 - 11:20 Source

The global recession is underway and it’s coming to an economic zone near you. Goldman’s financial conditions indexes are pointing the way. Global FCI has eased thanks to the bear market rally but remains tight: Sadly for it, the US is far too loose. Europe is tighter so the ECB is not going to get

The post Global recession coming to an economy near you appeared first on MacroBusiness.

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MacroBusiness Thursday, May 19, 2022 - 11:00 Source

One of the big conundrums arising from the pandemic is the sharp fall in rental vacancy rates across Australia despite negative net overseas migration. Logically, the loss of hundreds-of-thousands of migrants should have seen Australia’s rental vacancy rate rise. However, vacancy rates instead plummeted. One plausible explanation is that Australian’s desire for additional space has

The post Airbnb behind Australia’s rental crisis appeared first on MacroBusiness.

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MacroBusiness Thursday, May 19, 2022 - 10:40 Source

The situation has gone from bad to worse for Australia’s residential building industry. Following the recent collapses of major Australian construction firms Condev, ABG Group, Probuild and Privium, giant Metricon is now facing a similar fate: On Wednesday, it was reported that Metricon was in emergency talks with clients after falling into financial strife just

The post “Perfect storm” sends Aussie home builders bust appeared first on MacroBusiness.

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Renew Economy Thursday, May 19, 2022 - 10:20 Source

leaders debate election 22

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MacroBusiness Thursday, May 19, 2022 - 10:20 Source

Here’s what the Lunatic RBA said in Minutes this week: Turning to domestic economic conditions, members observed that price pressures were intensifying and there was upward pressure on wages. Activity and conditions in the labour market had been resilient in the face of global and domestic supply shocks, and strong underlying momentum was expected to

The post Weak-kneed RBA should have waited for wages, like it said appeared first on MacroBusiness.

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MacroBusiness Thursday, May 19, 2022 - 10:00 Source

While the business lobby, its captured media, and the Coalition are all scaremongering about a ‘wage-price spiral’ if the minimum wage lifts in line with the Consumer Price Index (CPI), Jim Stanford from the Centre for Future Work has instead argued that “profit-price inflation” is the far bigger concern: De-unionisation, insecure work, and deregulation of

The post Australia experiencing ‘profit-price inflation’, not wage inflation appeared first on MacroBusiness.

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Cheeseburger Gothic Thursday, May 19, 2022 - 09:54 Source

Found myself paying $2.52/litre for petrol the other day and actually stopping filling the tank about halfway through. I can write off my fossil fuel delinquency on tax, but even for me that was a bit rich. I'm pretty sure the next vehicle is going to be pure electric and, stay with me now, I think it might be a... a... another Volvo.

Wait! Stop! Don't click away. I really like the look of the all-electric XC40.

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MacroBusiness Thursday, May 19, 2022 - 09:30 Source

Well the bounceback is finished and then some with Wall Street collapsing overnight in its worst run in nearly two years, with the NASDAQ losing nearly 5% in a single session. Sell in May and go away anyone? This was all about inflation concerns as the latest UK, Euro and Canadian inflation prints spiked above

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Thursday, May 19, 2022 - 09:20 Source

The ferrous complex was pounded on May 18, 2021: Rebar futures are breaking down: With the Chinese property bust getting worse by the day, and supply set to rebound materially, the downside risk is obvious. But, I still think it will probably take a broader commodity capitulation to bring sanity back to these markets. The

The post Daily iron ore price update (steel shred) appeared first on MacroBusiness.

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MacroBusiness Thursday, May 19, 2022 - 09:00 Source

Yes, it is a non-stop nightmare for the Chinese property market as “houses are for living in, not speculation”. The great adjustment has so far been confined largely to construction volumes over prices but no more! Late yesterday China released its latest 70-city guide to prices and kapow! April price falls were modest at -0.2%

The post China property prices begin to crash appeared first on MacroBusiness.

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