Blogotariat

And this time it is going to win, via the AFR comes the $640 billion British funds management giant Aviva Investors: “We are short the Aussie dollar, we are long Australian interest rates and we are also long protection on the Australian banks,” James McAlevey, a senior portfolio manager at Aviva’s AIMS fixed income fund told

The post The Big Australian Short returns appeared first on MacroBusiness.

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Malcolm Turnbull is off to China: Malcolm Turnbull has announced that he will visit China later this year – the first confirmation that the annual leaders’ dialogue will proceed after a six-month freeze in diplomatic relations – as his trade minister sought to keep the trade relationship separate from security concerns. Canberra is attempting to

The post What will Australian life be like under the Chinese dictator? appeared first on MacroBusiness.

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By Leith van Onselen The political backlash against Queen Lucy Turnbull’s Greater Sydney Commission continues to mushroom, with several NSW MPs anticipating a “pile of pain” from voters fed up with the endless destruction of their living standards as migrants are force-fed into the city. From The ABC: As the Sydney building boom attempts to

The post Political backlash builds against Queen Lucy’s dystopian Sydney appeared first on MacroBusiness.

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In 2007 Clarence Valley communities saw off an Australian prime minister (John Howard) and his water minister (Malcolm Turnbull)  - telling them "Not A Drop".The issue of inter-basin water transfer became an election issue that year and the National Party lost the seat of Page and the Liberal-Nationals Coalition Government lost the federal election.Having learnt nothing from the commitment of local people in the Clarence Valley, including traditional owners, once again the water raiders have raised their heads above the parapet.The Daily Examiner, letter to the Editor, 1

lesterlost.comState and federal governments have known for years that there is a correlation between unoccupied residential

From the last journalist standing at Domainfax: Staff fraudulently activating school kids’ bank accounts to earn bonuses isn’t a victimless crime. Nor is the practice of faking customer referrals to meet performance hurdles and generate kickbacks – no matter how big or small. But that’s just what’s been going on inside Commonwealth Bank. It speaks

The post CBA rogue bank now exploiting children appeared first on MacroBusiness.

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Iron price charts for May 18, 2018: Spot fell. Paper burned overnight. Steel broke Friday. The mid-year draw down has begun. It happens pretty much every year and Summer rains disrupt Chinese construction and steel mills rebalance inventories going into EOFY. This year there is the added complication of the developing slowdown: I expect to

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

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Well, you thought he couldn’t do it; you thought that Tony Abbott was indulging in intemperate exuberance [or telling fibs] when he said in 2013 that during the first five years of his reign as Emperor of Australia, he would create one million new jobs. Well, you would have to eat your words now, wouldn’t…

The post Oh Ye of Little Faith! appeared first on The AIM Network.

I happened upon this post in ‘drafts’ without my having drafted anything. Events now make that unnecessary.

As one gets older, one is immediately confronted by the shock of dates… No, I don’t mean going on them… Although that would be quite a shock too. I mean, the shock of when someone says something like, “When the GFC hit ten years ago…”, you tap your watch and go, “Ten years ago, I’m…

The post 2024 And Not A Royal Wedding In Sight, So People Have To Think About Politics appeared first on The AIM Network.

The Guardian, 17 May 2018:The announcement in last week’s budget that the ABC’s funding indexation will be frozen for three years from July 2019 is the latest in a series of extraordinary attacks by a government that displays an unprecedented level of hostility to the national broadcaster. It represents a real cut to the broadcaster’s operating costs

This morning I held my hand up and watched to see what it do. Within seconds it happened, my index finger twitched. It kicked up just enough that if I was holding something but not gripping with intent then I would have dropped it. I waited to see if it would happen again and there was another after thirty seconds.Close up observed finger betrayal. If we were a guerrilla movement my index finger would cop one in the back of the middle knuckle for being a government spy. Then I got up and moved on with my life. I'm still alive and I should not be.

France government incentive to trade in old petrol and diesel cars for new EVs proves unexpected success.