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MacroBusiness Tuesday, August 3, 2021 - 10:30 Source

The ANZ-Roy Morgan consumer confidence index has rebounded 1.1% after Victoria and South Australia lifted their lockdowns: Consumer confidence gained 1.1% last week as the lockdowns in Victoria and South Australia ended. Confidence dropped in Sydney with the extension of lockdown in the city, but this was not enough to offset gains elsewhere. All but

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MacroBusiness Tuesday, August 3, 2021 - 10:21 Source

Queensland has recorded another 16 locally acquired cases as the state’s south-east enters its third day of lockdown: All cases are linked to the Indooroopilly State High School cluster which is now at 47 cases. There are now 49 active cases across Queensland. Queensland chief health officer Jeannette Young remains concerned about the origins of

The post QLD records another 16 COVID cases appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 3, 2021 - 10:00 Source

Bill Evans with the video: Nothing there that I disagree with, except perhaps the speed of rebound. It looks like NSW is locked down until it gets enough vaccinated folks…

The post Westpac: Deep recession imminent, RBA to boost QE appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 3, 2021 - 09:30 Source

The ferrous complex dead cat bounced on August 2, 2021 as markets misinterpreted Chinese stimulus and ran with hope over fact. Spot and paper firmed. But steel was demolished: Reuters puts the cause on possible steel output cut reversals: Chinese ferrous futures fell on Monday, with steel rebar and hot rolled coils both plunging some

The post Daily iron ore price update (dead cat bounce) appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 3, 2021 - 09:00 Source

A big retraction in Treasury yields overnight on the back of a disappointing US ISM Manufacturing print saw Wall Street give pause while commodities sold off sharply.  Currency markets were little changed again, with WTI and Brent crude falling more than 3% while gold prices remained just above the $1800USD per ounce level. Bitcoin has

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 3, 2021 - 09:00 Source

Yesterday we saw a nice rally in Chinese stocks and a bounce in hopes that the incipient global growth slowdown is ending before it even began. Why? This: China’s top leaders signaled more targeted support for the economy as they look to cushion growth in the face of resurgent pandemic risks, fueling a rally in

The post Nope, China ain’t stimulating appeared first on MacroBusiness.

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Your Democracy Tuesday, August 3, 2021 - 07:27 Source

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For the past 100 years Australians have been asked to identify their religion in the census.

Yet the seemingly simple question - what is the person’s religion? - is increasingly contentious.

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MacroBusiness Tuesday, August 3, 2021 - 07:24 Source

Markets are beginning to send signals of increasing distress. The global growth scare is building and policymakers are behind the curve. DXY was stable as EUR fell: The Australian dollar lifted a little on the pretense that China is  stimulating which is isn’t: Gold was stable but oil weak: Base metals too: Miners were mixed:

The post Australian dollar pretends it’s all good as China sinks appeared first on MacroBusiness.

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Renew Economy Tuesday, August 3, 2021 - 07:05 Source

PowAR takes control of Tilt and immediately sets sights on the two biggest wind projects in NSW, and various forms of storage.

The post Australia’s biggest renewables owner plans huge wind and storage projects appeared first on RenewEconomy.

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The Australian Independent Media Network Tuesday, August 3, 2021 - 06:00 Source

Like many other Australians, I am an avid sports fan. I competed for as long as possible, and when my body could no longer perform to my satisfaction, I turned to a daily routine of running, lap swimming or walking, to keep fit. Why do I tell you this? I like to think that I…

The post A government with such little respect appeared first on The AIM Network.

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Your Democracy Tuesday, August 3, 2021 - 05:33 Source

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MacroBusiness Tuesday, August 3, 2021 - 00:15 Source

The Conversation teed off over the weekend with a piece by long term Population Ponzi spruiker Peter Martin, again touting rebuttal of the idea that Australian immigration volumes and income increases aren’t related – Top economists say cutting immigration is no way to boost wages. That would be all good and well – insofar as it

The post The Conversation descends to Codswallop on Immigration and Wages appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 3, 2021 - 00:10 Source

The Australian property market continues to rebound hard out of the COVID-19 pandemic. Following a 2.6% decline in dwelling values across the five major capital city markets between 15 March (the unofficial start of the pandemic) and 13 October 2020 (the bottom), values have since risen by 15.9% across the combined five major capital city

The post Aussie property values up 13% since start of pandemic appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 3, 2021 - 00:05 Source

In March, the Morrison Government tightened mutual obligations for JobSeeker recipients. In order to receive a paltry $44 a day, JobSeeker recipients had to apply for 15 jobs a month from 1 April, which was increased to 20 jobs per month from 1 July 2021. An “employer reporting line” was also implemented, enabling businesses to ‘dob

The post Why do mutual obligations only apply to households? appeared first on MacroBusiness.

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MacroBusiness Tuesday, August 3, 2021 - 00:01 Source

Global Macro / Markets / Investing: A cycle of low growth, higher inflation – The Hindu Worried About High Prices? Blame Public Policies That Stifle Innovation – Forbes 1 Out of 153 American Workers Is Now an Amazon Employee – Business Insider Americas: No Crabs, No Scallops: Seafood Is Vanishing From Menus in U.S. in

The post Links 3 August 2021 appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, August 2, 2021 - 18:00 Source

By 2353NM   When you were a toddler and those responsible for looking after you asked you to do something you didn’t want to do, you probably threw a tantrum. A couple of years later when you had learnt to communicate, you probably expressed your disapproval (then threw a tantrum when your disapproval was noted but…

The post The dog ate my homework appeared first on The AIM Network.

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Club Troppo Monday, August 2, 2021 - 17:39 Source

Below is the introduction to an essay I’ve written about a Scottish mid-20th-century philosopher John Macmurray. Like my essay on Polanyi, this was partly a way for me to go through his work and set it down for myself.

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Your Democracy Monday, August 2, 2021 - 17:31 Source

Pegasus: A terrifying weapon of total surveillance

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MacroBusiness Monday, August 2, 2021 - 17:00 Source

A much better start to the trading week here in Asia as Chinese tech stocks rebounded after last week’s bloodbath. The weekend gap has seen currencies basically unchanged, although Bitcoin is finding some life later in today’s session, oscillating around the $40K level. Meanwhile gold is continuing to deflate from its Friday high nearer the

The post Macro Afternoon appeared first on MacroBusiness.

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Your Democracy Monday, August 2, 2021 - 17:00 Source

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Renew Economy Monday, August 2, 2021 - 15:48 Source

angus taylor ungi scott morrison snowy hydro - optimisedLabor to support parts of Angus Taylor's re-issued ARENA regulations, including funds for sustainable transport, metals and soil carbon.

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The Tally Room Monday, August 2, 2021 - 15:10 Source

The Australian Electoral Commission this afternoon published the maps and data for the final redistribution of Western Australia’s federal electoral boundaries. This follows the same publication for the Victorian redistribution last Monday.

The actual announcements for these redistributions were made previously, but we did not have maps or data until now, which has made it impossible for me to calculate margins or to publish maps (although I did make an attempt in the case of WA).

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Renew Economy Monday, August 2, 2021 - 14:42 Source

EnergyAustralia allowed to divert 3,500 megalitres a day – roughly 1,400 olympic-sized pools worth of water – from Morwell River to save Yallourn coal mine.

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MacroBusiness Monday, August 2, 2021 - 14:30 Source

After last week junking their negative gearing and capital gains tax reforms taken to the past two elections, Labor’s financial services spokesman Stephen Jones hinted that it will offer first home buyer subsidies as part of its election platform: “We took those policies [negative gearing and capital gains tax reforms] to the last two elections.

The post Labor flags first home buyer subsidies for next election appeared first on MacroBusiness.

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MacroBusiness Monday, August 2, 2021 - 14:00 Source

Let’s wrap up last week’s Wall Street strategist drivel. BofA: BofA Bull & Bear Indicator: down to 5.9 from 6.1 (Chart 1) driven by weaker EM debt inflows, HY flows, and deterioration in equity breadth (global indices less overbought). On Stagflation: preference for quality & defensives driven by inflationcausinggrowth&EPS estimates to fall; US consumer (#1

The post Wall Street strategists lose their marbles appeared first on MacroBusiness.

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Renew Economy Monday, August 2, 2021 - 13:54 Source

Origin Energy's Eraring power station.

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Renew Economy Monday, August 2, 2021 - 13:42 Source

hydro tas pumped hydro battery nation wide view of strathgordon dam in tasmania - optimised 1200Hydro Tasmania CEO Evangelista Albertini has announced that Amy Childs, Managing Director of Hydro Tasmania’s mainland energy retailer Momentum Energy, has resigned.

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Renew Economy Monday, August 2, 2021 - 13:33 Source

Job movements at Momentum, Allens, Transgrid, Lavo and Neoen.

The post Grid Connections: People movements in Australia’s energy business appeared first on RenewEconomy.

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MacroBusiness Monday, August 2, 2021 - 13:30 Source

First caravans ‘tiny homes’ were marketed as Australia’s housing affordability solution. Now it is boarding houses ‘co-living’. From Fairfax: “Co-living, a trendy new wave of communal housing championed by millennials, will be automatically approved in all areas where apartments are allowed in order to flood NSW with affordable developments”. “NSW Planning and Public Spaces Minister

The post Boarding houses the latest housing affordability gimmick appeared first on MacroBusiness.

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MacroBusiness Monday, August 2, 2021 - 13:00 Source

CoreLogic has released rental data for July, which shows that rental growth nationally is running at its fastest pace since 2008, up 7.7% year-on-year. However, rental growth is two-speed, with the smaller capitals generally experiencing faster growth than the bigger capitals, and detached houses experiencing much faster growth than apartments: With dwelling prices growing even

The post Aussie rents grow fastest since GFC appeared first on MacroBusiness.

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