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MacroBusiness Tuesday, January 25, 2022 - 12:00 Source

Albo will today declare his mission statement: “If I’m successful, that future will be clear to Australians by the end of Labor’s first term,” he will say. “An Australia with rising living standards across the board, lifted by more secure work, better wages, stronger Medicare and cheaper childcare. “An Australia with more secure jobs in

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Renew Economy Tuesday, January 25, 2022 - 11:47 Source

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MacroBusiness Tuesday, January 25, 2022 - 11:44 Source

The ABS has just released CPI data for the December quarter, with headline inflation rising by 1.3% over the quarter and by 3.5% year-on-year: The result surprised on the upside, beating analysts’ expectations of a 1.0% quarterly rise and 3.0% inflation over the year. Of more importance, core (underlying) inflation rose by 1.0% over the

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MacroBusiness Tuesday, January 25, 2022 - 11:30 Source

PM Morrison lying again: …when the retailers went public telling customers what they were told – that their tests were going to the government – the Prime Minister and the Health Minister threatened the companies with huge penalties. “I want to stress that these are false claims,” the Prime Minister said on Friday. …“These claims

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MacroBusiness Tuesday, January 25, 2022 - 11:00 Source

2021 saw a doubling of Australian property sales above the $2 million price mark, according to realestate.com.au. While all price points above $250,000 saw increased sales volumes in 2021, the biggest increases were for properties priced above $2 million, with $3 million-plus sales experiencing the strongest growth: Nevertheless, the highest share of sales nationally remained

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MacroBusiness Tuesday, January 25, 2022 - 10:30 Source

Melburnians have been told to save water to ensure that the city’s population can double in size: Greater Western Water, Melbourne Water, South EastWater and Yarra Valley Water have launched a campaign to help Melburnians cut their water use… Yarra Valley Water managing director Pat McCafferty said while the state’s water storages were presently well

The post Melburnians told to save water for mass immigration appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 25, 2022 - 10:06 Source

Last week’s stunning labour market data, which saw Australia’s unemployment and underemployment rates fall to pre-GFC lows, helped the ANZ-Roy Morgan consumer confidence index rebound 2.2%: ANZ-Roy Morgan Aus Consumer Confidence rose 2.2% last week, over the neutral 100. The same week, #unemployment dropped to its lowest in more than 13 years. Ahead of Q4

The post Consumer confidence rebounds on employment boom appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 25, 2022 - 10:00 Source

The ferrous complex flamed out on January 24, 2022: Not much to report beyond global market jitters. Chinese property is chewing through its problems: China’s efforts to spur asset sales by cash-strapped developers are starting to gain momentum with a flurry of deals involving state-run rivals, potentially easing the industry’s debt crisis. In recent days,

The post Daily iron ore price update (flame out) appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 25, 2022 - 09:46 Source

NSW has recorded another 18,512 new COVID infections over the past 24 hours and 29 deaths: Victoria recorded 14,836 new COVID infections and 29 deaths: Daily cases continue to trend lower: Active cases are also trending lower: However, hospitalisations hit a fresh high in NSW: Whereas Victoria’s hospitalisations are running below their peak: Finally, COVID

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MacroBusiness Tuesday, January 25, 2022 - 09:30 Source

Not in my view. There is almost no harm done yet to credit or commodity prices. This reflects an inflation outlook that remains strong when it needs to be squashed for the Fed to stop tightening. I am encouraged in this view by the ongoing bullishness of Wall St. JPM: Recent bearishness in equities is

The post Is the stock crash over? appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 25, 2022 - 09:30 Source

Well that was an interesting night. Wall Street fell out of bed, tumbled down the stairs, threw up in the kitchen sink and then crawled its way back up, falling asleep with its chin on the edge of the bed. A wild ride that saw an intrasession loss of nearly 4% before finishing 0.3% higher

The post Macro Morning appeared first on MacroBusiness.

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THE BLOT REPORT Tuesday, January 25, 2022 - 09:17 Source

The idiotic Barnaby Joyce was on Radio National with journalist Patricia Karvelas and told her that the “best test of a competent government is that people don’t die” and that Australia has one of the lowest death rates from Covid-19 in the world. Then, when Karvelas asked him about the European Council issuing a warning about travel to and from Australia due to our outbreak of the Omicron variant, Joyce, in a knee-jerk lie said: “Well, people are not dying.” When Karvelas pulled him up on this lie, saying that “people are dying every day”, Joyce was forced to admit that he was wrong in saying: “Sorry, sorry. Correction, you were correct.

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MacroBusiness Tuesday, January 25, 2022 - 09:00 Source

DXY is up and running on the safe-haven bid: AUD was pulverised wall-to-wall: Oil broke, gold firmed on Putin hopes for war: Base metals were hit: Big miners were slain: EM stocks are going over the cliff again: EM junk rolled over. A little stress appeared in US high yield but there is no need

The post Australian dollar smashed as market panic rises appeared first on MacroBusiness.

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Your Democracy Tuesday, January 25, 2022 - 08:38 Source

confucius...confucius...

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Your Democracy Tuesday, January 25, 2022 - 07:06 Source

flagflag

The iconic flag that has become a symbol of Aboriginal Australia is now freely available for public use, after its designer agreed to transfer copyright to the Commonwealth following long negotiations.

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Your Democracy Tuesday, January 25, 2022 - 06:28 Source

juliajulia

The Australian Republic president should be a Woman, an Atheist and a Red Head.

Or an Aboriginal Woman or Man...

Or Julian Assange...

 

More to come.

 

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MacroBusiness Tuesday, January 25, 2022 - 00:10 Source

Labor’s shadow assistant minister for Treasury, Dr Andrew Leigh, has penned an article in The Australian bemoaning Australia’s lack of economic complexity, which resembles a poor developing nation: [A] troubling picture comes from the Atlas of Economic Complexity… According to the latest rankings, the world’s most complex economies are Japan, Switzerland and Germany, while the

The post ALP’s immigration extremist bemoans missing economic complexity appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 25, 2022 - 00:01 Source

Global Macro / Markets / Investing: Moderna Stock Crash Intensifies: Losses Top $130 Billion After Scientists Find Covid Boosters Aren’t Halting Omicron Infections – Forbes In 2021, wholesale prices climb by about 10%, indicating that inflation is on the rise – Daily Stock Market News Get ready for the four-day working week – FT Big

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Your Democracy Monday, January 24, 2022 - 20:01 Source

barnbarn

Barnaby Joyce has apologised for claiming “people aren’t dying” of Covid in Australia, while also blaming consumers and businesses for hoarding rapid antigen tests.

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Your Democracy Monday, January 24, 2022 - 18:03 Source

turmpthturmpth

In the West, when we’re in a court of law, we are made to swear to tell the truth, on a bible. The bible is the least truthful of all books ever written, but we “believe” it is nothing but the truth. It feels like a traditional joke, as if we were avoiding hell by swearing truthfulness on a book of lies. 

 

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MacroBusiness Monday, January 24, 2022 - 16:30 Source

A bath of blood was avoided in the start to the new trading week here in Asia despite the big falls that has taken Wall Street closer to correction territory on Friday night, coupled with rising tensions over Ukraine/Russia. The USD remains very strong against most of the majors, with the Australian dollar still well

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Monday, January 24, 2022 - 15:53 Source

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Renew Economy Monday, January 24, 2022 - 14:31 Source

RE reader surveyWhat sort of content could attract a premium?

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MacroBusiness Monday, January 24, 2022 - 14:29 Source

Queensland recorded 10,212 new COVID cases over the past 24 hours and 13 deaths: Daily cases continue to fall: Whereas active cases are slowly falling: Whereas COVID hsopitalisations are peaking: South Australia recorded another 2,009 COVID cases and two deaths: Daily cases are also falling: As are active cases: But hospitalisations continue to trend higher:

The post QLD and SA COVID cases move past peak appeared first on MacroBusiness.

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MacroBusiness Monday, January 24, 2022 - 14:00 Source

Less that a week after announcing that it will indefinitely seal its border to the rest of Australia and the world, the Western Australia Government has given up on its COVID elimination strategy. After WA recorded 24 new cases yesterday, Health minister Amber-Jade Sanderson said the rise in cases shows that the state’s Omicron wave

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The Australian Independent Media Network Monday, January 24, 2022 - 13:41 Source

Give the man credit where it’s due. Few could possibly be congratulated for selling the sovereignty of a country in full view of its citizenry, but Peter Dutton, former Queensland copper turned sadistic Home Affairs minister turned Defence Minister, is very capable of it. Australia promises to become a throbbing bordello for the strategic affairs…

The post Nostalgia at the AUKMIN Talks: Britain’s Forces Eye Australia appeared first on The AIM Network.

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MacroBusiness Monday, January 24, 2022 - 13:40 Source

I love the smell of burning Hodlers in the morning, FTAlphaville with the note: It’s not been a great start to the year for HODLers. If governments (other than El Salvador’s) have their way, it could get a lot worse. This week Russia, a massive centre for mining, proposed a clampdown on that and on

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Renew Economy Monday, January 24, 2022 - 13:39 Source

Minister for Energy Angus Taylor during Question Time in the House of Representatives at Parliament House in Canberra.</body></html>

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MacroBusiness Monday, January 24, 2022 - 13:20 Source

Oh how times change. For the first 18 months of the COVID-19 pandemic, Australia sealed itself off from the world as it tried to attempt a COVID elimination strategy. Now, the world is trying to seal itself off from Australia amid it explosion of COVID cases. Earlier this month, New Zealand sealed its border with

The post Morrison turns Australia global COVID-19 pariah appeared first on MacroBusiness.

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MacroBusiness Monday, January 24, 2022 - 13:00 Source

The modern seer. 100% right.

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