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Articles from MacroBusiness

Yawn: McKibbin demands higher interest rates

November 13, 2018 - 09:30 -- Admin

Yet to put the words “macro” and “prudential” into a single sentence, Professor Warwick McKibbin is still demanding higher interest rates, at the AFR: “My view is that interest rates should have been raised at least a year ago to 2 per cent to 2.25 per cent,” Professor McKibbin, a globally recognised macroeconomist based at

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Tumbling euro anvil lands on Australian dollar

November 13, 2018 - 09:15 -- Admin

King Dollar is back. CNY was weak. EUR cracked a big head and shoulders pattern: AUD was thumped versus USD and JPY, rose against EUR and GBP: It was a mix versus EMs: Gold was hammered: Oil waltzed straight through OPEC cuts: Base metals were mixed but copper fell: Big Miners were hit: EM stocks

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Macro Morning

November 13, 2018 - 09:00 -- Admin

By Chris Becker A poor start to the trading week for overnight markets with US stocks selling off sharply on the back of tech giant Apple and confounded by falling oil prices that are hurting energy stocks. Brexit negotiations are also fouling up the roost in Europe while the USD is soaring against the major

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Scott Morrison’s immigration capitulation is nearly complete

November 13, 2018 - 00:20 -- Admin

By Leith van Onselen It’s been amazing watching Scott Morrison’s speedy transformation from mass immigration ‘Big Australia’ defender to a sceptic on the verge of slashing the permanent migrant intake. As recently as four months ago, Scott Morrison lambasted Tony Abbott’s push to cut the migrant intake to 110,000, warning it risked Australia’s future economic

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The Kouk: Negative gearing reform to “put a floor on house prices”!

November 13, 2018 - 00:15 -- Admin

By Leith van Onselen I know Stephen Koukoulas is a Labor guy and is a good team player, but he’s drawing a long bow suggesting that Labor’s negative gearing and capital gains tac (CGT) might actually “put a floor on house prices”: The government is claiming that the negative gearing change will “take a sledgehammer”,

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CoreLogic fugly: Mortgages sag, listings rocket, auction fails widen

November 13, 2018 - 00:15 -- Admin

CoreLogic’s weekly housing indicators are fugly today. Mortgage credit is fading when it should be surging: Listings are ripping towards 2012 highs:   And auction failure is now near universal having spread from suburbs to inner city and out to neighbouring centres: The bust is still clearly building momentum. Full report.  

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Australia’s bulk commodity forecasts for 2019

November 13, 2018 - 00:06 -- Admin

Via Westpac: Chinese steel, iron ore and coal Chinese environmental policies have boosted the demand for higher grades of iron ore but in the long run they may drive a structural shift in demand. Chinese mills are increasingly using scrap steel as its supply grows with more buildings being torn down, more cars crushed and

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A new China shock brews for Australia

November 13, 2018 - 00:05 -- Admin

The Council of Foreign Relations has some bad news for Australia: Over the past two years, as our left-hand figure above shows, foreign portfolio investors have piled prodigiously into Chinese assets, helping to support the RMB. But history suggests this trend is about to reverse. While inflows have been rising, Chinese stocks have been tumbling—they are

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Links 13 November 2018

November 13, 2018 - 00:01 -- Admin

Global Macro / Markets / Investing: The CEO obsession with bitcoin and blockchain is over – Axios Clever Map Shows the True Size of Countries – Visual Capitalist Be Afraid of Economic ‘Bigness.’ Be Very Afraid – NY Times Why “Qualified Opportunity Zones” May Be the Next Hot Thing in Investing – Barron’s Elon Musk

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