Blogotariat

Via Morgan Stanley: The pending retirement of CEO Narev in 2018 suggests more change is likely at CBA. At the same time, we believe the end of the mortgage bull market and increased political and regulatory scrutiny will weigh on CBA’s growth, returns and trading multiples. Response to the AUSTRAC announcement: The Chairman has responded

The post The fallout from ConBank appeared first on MacroBusiness.

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“Bubonic” is almost onomatopoeic. It sounds bulbous and grotesque and ancient. It sounds like something your great great grandmother might have contracted as a child, along with “the consumption.” So when headlines proclaim that the bubonic plague is alive in Arizona (or New Mexico, or wherever) it feels like some archaic monster has risen from the grave. The reality is that it never actually died.

Every year, young sea turtles migrate up the US East Coast to spend the summer foraging in northerly waters. Sometimes, they wind up in the Gulf of Maine, which stretches from Cape Cod Bay to Nova Scotia. As the weather cools, the turtles, including endangered Kemp's ridley and loggerhead turtles, begin to swim south.

What makes lollies taste sweet and coffee taste bitter, and not the other way around? In a study published this week in Nature, researchers identified the secret ingredient that keeps our tastes distinct.

It's no secret that exercise makes your heart bigger in a healthy way, helping it to pump blood more efficiently and lessening the potential for heart failure. Figuring out a way to mimic the way exercise manages to do this could be an extremely beneficial way to treat certain types of heart conditions. A study out this week shows how a protein called cardiotrophin 1 might in fact do this: have the same positive effects on the heart, minus the actual exersise part.

Queensland has recently undergone a redistribution of state electoral boundaries, the first in almost a decade. The existing boundaries were used at three elections: 2009, 2012 and 2015.

The number of seats was increased from 89 to 93. This resulted in the creation of five new electorates, with two seats merged.

The inner-city electorates of Indooroopilly and Mount Coot-tha were merged into the new seat of Maiwar. Maiwar is a marginal LNP seat, with a margin of 3%.

Five new seats were created:

By Chris Becker   Volatility deflates overnight as worries over Korea abated, sending stocks higher as safe havens like Yen and gold were dumped. Meanwhile, the USD returned to strength which emboldened European stocks that have been under the weight of the Euro, while oil dropped. Yesterday in mainland China the Shanghai Composite came back

The post Macro Morning appeared first on MacroBusiness.

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Iron ore charts for August 14, 2017: Tianjin benchmark was unchanged at $74.30 though I suspect that should read “unupdated” given big falls in steel and iron ore futures. I still think we’re at the top here. Everything is inflated, demand is fading, stocks are high. There’s no mileage in bidding prices up. The question

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

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By Leith van Onselen I’ve noted over recent months how a wide disconnect has opened up between the pay rises being received by federal politicians and senior bureaucrats compared with the rest of the population. This disconnect is shown clearly in the most recent wages price data from the ABS, which showed public sector wages

The post Oligarchic public servants big winners in low wage economy appeared first on MacroBusiness.

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...AND MY HAMMER, MOTHERF***ERS.THAT, my Beloved Throners, is how you make a reappearance four seasons after we last saw you. Quit your job no questions asked, kill two guys with your mighty f***ing warhammer, ignore Davos"s advice to play it cool and just f**ing bro up with Jon Snow.

Welcome back, Gendry. I don"t even mind that you had your shirt on.

Davos" recruitment of the last Baratheon bastard turned out to be everything I ever wanted. To misquote Homer Simpson, I"m a white woman, aged 18 to 49, and (finally) everyone listens to me: Jon and Gendry, together at last!

More problems are coming to light with the proposed West Gate Tunnel in Melbourne. The Government needs to do a better job of explaining and justifying this project Has the case been made for the West Gate Tunnel?

They say we can’t predict the future, but I’m damn sure we can do a lot to control the course of it. When we look back on our own past, our country’s past, or even the world’s past … there will be a hundred signposts that we missed that could have taken us down a…

The post August 15, 2017: the most important day in the future appeared first on The AIM Network.

DXY rebounded with risk overnight: The Aussie was weak against both majors: It was also weak against other EMs: Gold fell: The Brent short squeeze ended with a bang: Base metals rose: Big miners too: EM stocks bounced: High yield too: US yields rose but the curve flattened: European spreads tightened: And stocks launched: The

The post Australian dollar flames out appeared first on MacroBusiness.

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