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Articles from MacroBusiness

Hayne to bake-in conservative credit

November 22, 2018 - 10:00 -- Admin

Via Chanticleer today: Kenneth Hayne looks like reshaping the governance of Australia’s leading public companies judging from the line of questioning directed at Commonwealth Bank of Australia chairman Catherine Livingstone and chief executive Matt Comyn. Based on the the lines of inquiry pursued by counsel assisting, Rowena Orr, QC, the Hayne governance era looks something

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MB Fund Webinar – The Great Australian Housing Crash LIVE TODAY

November 22, 2018 - 09:56 -- Admin

This week’s webinar (12:30pm AEST, Thursday 22 Nov) we have a full house in Leith, David, Damien and Tim for an Australian Housing Crash update. A slump in auction clearance rates, tightening credit, revelations of huge amounts of ‘liar loans’ and of course, falling house prices. Our take on how far it can go, and

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Labor to offer a battery for every household! Sort of

November 22, 2018 - 09:45 -- Admin

Via the ABC: Australian households will be offered federal rebates to install solar storage batteries under a federal Labor energy policy that will also direct billions of taxpayer dollars at solar, wind and hydro projects. Though Mr Shorten is likely to frame ALP adoption of the NEG as an attempt to find common ground with

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Infosys creates 1200 Aussie IT jobs as 457s are cut

November 22, 2018 - 09:30 -- Admin

It’s a skills shortage and racism disaster at ITNews! An already hot market for technology talent in Australia is set to intensify after Indian technology services and outsourcing behemoth Infosys committed to creating another 1200 positions within its local operations in the wake of the abolition of 457 skilled visa class. The favoured tech body shop of

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Daily iron ore price update (nonsense returns)

November 22, 2018 - 09:00 -- Admin

Iron ore prices for November 21, 2018: Spot flat. Paper roared. Steel fell again as CISA early November output remains very high. This is killing mills’ margins. It should see a destock of raw materials and falling prices but iron ore now trades as the perfect counter to any Cold War 2.0 news on hopes of

The post Daily iron ore price update (nonsense returns) appeared first on MacroBusiness.

Macro Morning

November 22, 2018 - 08:30 -- Admin

By Chris Becker Risk markets stabilised somewhat overnight with US tech stocks leading a slight recovery on Wall Street while oil prices stopped falling and US Treasury yields blipped a few points higher. Major currency pairs also had a small bounceback although this fizzled in the latter half of the session, with Pound Sterling remaining

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House price scenarios deteriorate

November 22, 2018 - 06:28 -- Admin

Via Martin North today: We have revised our scenarios based on the latest data from our household surveys, and other available information. Scenarios are a way of exploring different futures, and to consider the consequences, not as a forecast, but to facilitate understanding and debate. None of these scenarios may turn out to be right….

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Deflation hits all mainland housing markets

November 22, 2018 - 00:15 -- Admin

By Leith van Onselen Late last month, the Australian Bureau of Statistics (ABS) released its 2017-18 Australian System of National Accounts (ASNA) release, which provided a detailed presentation of annual national accounts data. Locked away on Table 61 was my favourite section of the release: data on aggregate land values at the state and national

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WA slowly emerges from economic depression

November 22, 2018 - 00:12 -- Admin

By Leith van Onselen On Friday, the annual State Accounts were released which suggested that Western Australia is slowly emerging from its economic depression. Western Australian real Gross State Product (GSP) rebounded by 1.9% in 2017-18, whereas per capita GSP also rebounded by 1.1%: Real state final demand rebounded by 1.1% in 2017-18: Whereas Gross

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Macro Afternoon

November 21, 2018 - 17:18 -- Admin

Asian stocks didn’t perform as badly as predicted, still losing ground but not in the magnitude of the falls on Wall Street and the continent overnight. The falls in the antipodean currencies – Aussie and Kiwi – were mitigated this morning while oil looks like finding a potential bottom after the bath of blood from

The post Macro Afternoon appeared first on MacroBusiness.

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