Blogotariat

By Chris Becker  Another interesting week on risk markets capped by a solid selloff in commodities on Friday night as the USD regained its strength. The international trade war is heating up, with the ECB somewhat ahead of the curve with its shock announcement of a defnitive hold in interest rate appreciation for at least

The post Macro Morning (Trading Week) appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Friday night saw a little gain for EUR and stable DXY: The hilarious EUR long remains massive: But AUD was smashed against developed markets (DMs). It closed at new lows versus USD: Here’s a closer look at AUD/USD: AUD CFTC positioning shifted less bearish at -15k contracts: AUD was also weaker than most emerging market

The post Australian dollar hits new lows as commodities break appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Ghettoisation of Australian cities is the plan. It’s quantitative peopling and it’s going swimmingly right across the Sydney’s and Melbourne’s west at astonishing speed. Via The Australian: Demographic shifts driven by Australia’s immigration program threaten to lock Sydney’s western suburbs and parts of Melbourne into a bleak future, as low-income ethnic clusters struggle to cope

The post Ghettoisation of Australian cities IS THE PLAN appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Via Westpac: Dynamics of the labour market continue to surprise us Total employment rose 12.0k in May but even though this is below what is considered to be a trend gain in the labour force, the unemployment rate dipped to 5.4% from 5.6%, a significant two percentage point drop in one month (5.40% from 5.60%

The post Inside the female labour boom appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Via Domainfax: States and territories that slash greenhouse gas emissions will likely do the heavy lifting while others would be allowed to do less under the Turnbull government’s update of its signature energy plan. Energy analysts raised concerns about the latest updated National Energy Guarantee, with one describing it as a “Frankenstein’s monster” rather than

The post NEG destroys Australia’s Paris carbon targets appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Global Macro / Markets / Investing: Russia dumps half of its US Treasury bonds – RT Citibank fined $100 million for interest rate manipulation – CNN China announces retaliatory tariffs on $34 billion worth of US goods, including agriculture products – CNBC   Americas: US separates 2,000 children in six weeks – BBC (taking a leaf out of Australia’s

The post Links 18 June 2018 appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

“A new story, a new beginning, one of peace. Two men, two leaders, one destiny. A story in a special moment in time. When a man is presented with one chance that may never be repeated, what will he choose?” High-tech-sci-fi labs, fast trains and a slam-dunking basketballer flit across the screen as a bizarre,…

The post Can Trump’s Singapore Summit farce alert us to the need to protect our own democracy? appeared first on The AIM Network.

I’ve kept out of the latest silly culture war so far, but I couldn’t resist this from Josh Frydenberg. After decrying a “long march to the left” in Australian universities, he says

It is absolutely critical that the next generation of students understand about where the rule of law came from, where democracy came from, freedom of speech, freedom of religion, women’s suffrage

While I’m sure that there’s a lot of anti-vaxers chomping at the bit to read what I have to say, I thought that I’d start with the Treasurer: That’s right! He’s used “it’s” when he should have used “its”. But that’s not what I’m writing about today. As I said when Donald Trump wrote “there”…

The post Vaccines Cause Climate Change And Other Logical Conclusions! appeared first on The AIM Network.

ABC : Good morning PM can we start by asking if you will take your corporate tax cuts to the next election so that the Australian people can give you a mandate for what you now call your signature policy ? PM: No way Jose. We are committed to getting these tax cuts through before…

The post ABC Interview Prime Minister Malcolm Turnbull appeared first on The AIM Network.

We came across a skeleton of a building bristling with warnings: Asbestos, Stay Out; Danger, Do Not Enter. The sense was that entering this site of history in Townsville, North Queensland, would kill you. And damn well it would have, sending you keeling over in fumes, damning you even if, on entering, you had hoped…

The post Embers and Death at the Victoria Park Hotel: The Anguish for Lost Buildings appeared first on The AIM Network.

The 2014 National Commission of Audit decided there were “too many government bodies in Australia” and suggested abolishing, merging or privatising 99 of them. One recommendation was the consolidation of border protection services which ultimately led to the formation of Dutton’s superministry. “A consolidation of Australia’s border services has the potential to generate significant savings…

May continued to see positive returns across our portfolios,  our Australian fund was up 2% and the rest were up around 1% over the month. These returns came as protectionist trade rows flared and markets belatedly realised that European growth is slowing more sharply than expected – themes that we were relatively well positioned for.

The post MB Fund May Performance appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]