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MacroBusiness Friday, October 15, 2021 - 16:00 Source

Asian stock markets are finishing the week on a high note with green across the board in response to the continued rebound on Wall Street overnight. The reversal in USD strength has also continued, save for Yen which is weakening alongside risk markets, while gold hovers just below the $1800USD per ounce level. Meanwhile Bitcoin

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Friday, October 15, 2021 - 15:40 Source

Proposed planning amendments seek to limit solar and wind farm development within 10km of certain NSW regional city centres, or within 5km of reside

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Renew Economy Friday, October 15, 2021 - 15:27 Source

Australian Prime Minister Scott Morrison and Australian Energy Minister Angus Taylor in Canberra.</body></html>

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Renew Economy Friday, October 15, 2021 - 14:47 Source

Transgrid’s Jesse Steinfeld and Eva Hanly on why a r

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MacroBusiness Friday, October 15, 2021 - 14:30 Source

Australia’s auction market boomed last weekend, recording a final auction clearance rate of 80.2% (down from 83.2% the prior weekend) on significantly higher volumes (2,708 versus 1986): Australia’s final clearance rate is tracking close to its highest level since CoreLogic began tracking auctions in 2008: According to CoreLogic: Auction volumes have been climbing over the

The post Auction market booming appeared first on MacroBusiness.

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Renew Economy Friday, October 15, 2021 - 14:29 Source

Coles inks deals with Origin, Acciona and Engie to source large-scale generation certificates to seal its target of 100 pct renewables.

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MacroBusiness Friday, October 15, 2021 - 14:00 Source

Stephen Koukoulas (“The Kouk”) has done a terrific job tearing apart NSW Premier Dominic Perrottet’s plan to import 2 million migrants into Australia over five years, describing it as “horribly misguided”: To be frank, the proposal is a lazy, irresponsible and a horribly misguided recommendation that deserves to be shot down before significant damage is

The post The Kouk: Perrottet’s 2 million migrants plan “horribly misguided” appeared first on MacroBusiness.

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The Australian Independent Media Network Friday, October 15, 2021 - 13:30 Source

It was such a noble public health dream, even if rather hazy to begin with. Run down SARS-CoV-2. Suppress it. Crush it. Or just “flatten the curve,” which could have meant versions of all the above. This created a climate of numerical sensitivity: a few case infections here, a few cases there, would warrant immediate,…

The post Funeral Rites for COVID Zero appeared first on The AIM Network.

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MacroBusiness Friday, October 15, 2021 - 13:30 Source

By Eliza Owen, Head of Research Australia at CoreLogic Rapid growth in Australian housing values and rents over the past year has contributed to greater affordability pressures for households. ABS lending data shows first home buyer finance commitments have fallen -22.8% since January 2021, and rising rent prices have created housing stress for tenants, particularly

The post CoreLogic: Affordability pressures creating pain for upgraders appeared first on MacroBusiness.

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MacroBusiness Friday, October 15, 2021 - 13:00 Source

Yesterday’s employment report from the Australian Bureau of Statistics (ABS) revealed that Australia’s youth – defined as those aged 16 to 24 – have been hit hard by lockdowns. Total youth jobs fell 81,300 in September, driven by an 83,600 reduction in part-time jobs, partly offset by a 2,300 increase in full-time jobs. Accordingly, youth

The post Australia’s youth smashed by lockdowns appeared first on MacroBusiness.

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The Australian Independent Media Network Friday, October 15, 2021 - 12:46 Source

“Great news… The Coalition are about to announce a commitment to net zero.” “Really? How did that happen?” “Well, ScoMo has been pushing for net zero for years…” “Morrison? Didn’t he take a lump of coal into parliament?” “Yeah, he told people not to be afraid about getting rid of coal.” “I don’t think it’s…

The post Net Zero Contribution From The Usual Gross Quarters! appeared first on The AIM Network.

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MacroBusiness Friday, October 15, 2021 - 12:30 Source

Wages are booming across the developed world, according to The Economist. Lower skilled workers, in particular, are benefitting from the collapse in immigration: Oxford Economics, a consultancy, finds that pay in the rich world is growing at a rate well north of its pre-pandemic average. The acceleration in compensation per employee across the OECD, a

The post Wages surge across developed world on lower immigration appeared first on MacroBusiness.

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Renew Economy Friday, October 15, 2021 - 12:30 Source

The NSW government has drawn up the proposed map of the New England renewable energy zone, which will host 8GW of wind, solar and storage.

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MacroBusiness Friday, October 15, 2021 - 12:00 Source

This is funny. It gives us a great read on how hysterical is the commodity melt-up amid crashing Chinese property. Goldman can’t decide whether you should buy copper with both hands on shortages: …we believe that rapidly tightening inventories will eventually force prices higher, and therefore retain high conviction in our year-end price target of

The post Goldman: Buy copper! Sell copper! appeared first on MacroBusiness.

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Renew Economy Friday, October 15, 2021 - 12:00 Source

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MacroBusiness Friday, October 15, 2021 - 11:30 Source

Chinese inflation was out yesterday and it is a laugh a minute. The CPI is cratered at 0.7% as food prices sag: However, that is not where the action is. It’s producer inflation that delivers the laughs, at 10.7%: And have a look at what is running: Basically, the further upstream in the supply chain

The post Chinese inflation to crash in due course appeared first on MacroBusiness.

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MacroBusiness Friday, October 15, 2021 - 11:00 Source

Westpac with the note: We have upgraded our forecasts for Australian dwelling prices. Markets continue to show very strong momentum with only a slight dampening effect from the latest COVID lockdowns. We now expect a 22% gain for the full 2021 calendar year (up from our previous forecast of 18%). We still expect momentum to

The post Westpac: Aussie property prices to correct in 2023 appeared first on MacroBusiness.

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The Tally Room Friday, October 15, 2021 - 11:00 Source

This is a follow-up to Wednesday’s post about voter enrolment numbers increasing in Camden Council, this time looking at the equivalent growth taking place in the north-west of Sydney, primarily in the north-eastern corner of the City of Blacktown.

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xkcd.com Friday, October 15, 2021 - 11:00 Source

After decades of studying the curve and the procedure that generates it, the consensus explanation is "it's just like that."

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Your Democracy Friday, October 15, 2021 - 10:41 Source

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The United States unilaterally pulled out of the Intermediate-Range Nuclear Forces (INF) Treaty in 2019 after accusing Moscow of breaching its terms. Moscow dismissed the allegations, and took the unprecedented step of declassifying the characteristics of the alleged Russian ‘INF-violating missile’. The US pulled out of the agreement anyway.

 

 

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Prosper Australia Friday, October 15, 2021 - 10:34 Source
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MacroBusiness Friday, October 15, 2021 - 10:30 Source

Last night I gave a live interview on The Bolt Report whereby I tore apart NSW Premier Dominic Perrottet’s brain dead plan to import 2 million migrants into Australia over five years – effectively adding an Adelaide, Canberra plus Hobart to Australia’s existing population: I was also quoted in News.com.au by Frank Chung: Leith van

The post LVO destroys Perrottet’s immigration madness on Bolt Report appeared first on MacroBusiness.

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Your Democracy Friday, October 15, 2021 - 10:08 Source

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The Australian government's entire vaccine supply agreement with AstraZeneca is being withheld from the public on the grounds that it would pose a "real and substantial risk" to national security if it were released.

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MacroBusiness Friday, October 15, 2021 - 10:00 Source

The Chinese property crash is getting worse at a spectacular clip: Rating agency S&P Global delivered fresh downgrades to two of the sector’s bigger firms, Greenland Holdings – which has built some of the world’s tallest residential towers – and E-house, and warned it could cut their ratings further. The $5 trillion property sector accounts

The post Chinese property crash intensifies alarmingly appeared first on MacroBusiness.

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MacroBusiness Friday, October 15, 2021 - 09:30 Source

The ferrous complex was mixed on October 14, 2021 as spot rose and paper eased: The latest CISA numbers are out and show some bounce back from the late-September catastrophe with production back to 2017 levels: But inventory levels also bounced strongly so output is probably now too high. The latest inventory numbers are still

The post Daily iron ore price update (all bets are off) appeared first on MacroBusiness.

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MacroBusiness Friday, October 15, 2021 - 09:22 Source

Victoria has recorded another 2179 locally acquired COVID cases – the second highest daily tally on record – alongside six deaths: Reported yesterday: 2,179 new local cases and 0 cases acquired overseas. – 38,752 vaccines administered – 73,942 test results received – Sadly, 6 people with COVID-19 have died More later: https://t.co/OCCFTAtS1P#COVID19Vic #COVID19VicData pic.twitter.com/dQ8T9QNCPg —

The post Victoria’s COVID cases surge, NSW’s plummet appeared first on MacroBusiness.

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Renew Economy Friday, October 15, 2021 - 09:20 Source

Andrew Forrest chooses US based Plug Power to build massive hydrogen Gigafactory in Queensland, the first of "tens" of such projects planned for

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MacroBusiness Friday, October 15, 2021 - 09:00 Source

A solid night of corporate earnings with no surprises and a weaker USD has seen both Wall Street and European share markets continue their bounceback overnight, putting aside continuing concerns over inflation/stagflation. The USD remained weak against both the majors and commodity currencies, although the risk correlated USDJPY pair is stable indicating a strong tailwind

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Friday, October 15, 2021 - 09:00 Source

DXY was soft again last night and EUR rallied: The AUD is a roaring rocket It looks rather like commodities. Oil: And base metals, as the energy bubble cuts refining production in China: Big miners loved it: Even EM stocks lifted: Junk is fixed! As the US curve was hammered. The bond market is beginning

The post Australian dollar fattens with fully-fledged commodity bubble appeared first on MacroBusiness.

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Renew Economy Friday, October 15, 2021 - 08:39 Source

Vestas promises to make wind turbines full recyclable, while Vattenfall bans used turbine blades from landfill.

The post Vestas pledges zero waste for wind turbines, Vattenfall bans landfills for blades appeared first on RenewEconomy.

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