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MacroBusiness Thursday, October 21, 2021 - 12:00 Source

In today’s investment webinar (LIVE 12:30pm AEST), MB Fund’s Chief Strategist David Llewellyn Smith, Head of Investments Damien Klassen, and Marketing Coordinator Jayden Stent discussing if an Energy Crisis is inevitable On the agenda: Roll up for the amazing energy bubble Demand drivers Supply drivers Paths of resolution Investment implications    Can’t make it

The post MB Fund Podcast: The Great Energy Bubble and Bust LIVE 12:30 AEDT appeared first on MacroBusiness.

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MacroBusiness Thursday, October 21, 2021 - 11:40 Source

An entire generation of Aussies are set to inherit an average $320,000 each over the next 15 years as their baby boomer parents die, according to a new report published at News.com.au: Baby Boomers are expected to pass on a whopping $3.5 trillion to their kids in the next 15 years… There are an estimated

The post Get set for the great inherited “wealth tsunami” appeared first on MacroBusiness.

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MacroBusiness Thursday, October 21, 2021 - 11:20 Source

The Mayor of Western Sydney LGA, Frank Carbone, has categorically rejected Dominic “Ponzi” Perrottet’s call to double the nation’s immigration intake to 400,000. Carbone appeared on the Today Show yesterday (video below) where he stated categorically that Fairfield and Western Sydney cannot cope with such extreme growth, which would destroy housing affordability, put undue strain

The post Fairfield mayor rejects Ponzi Perrottet’s immigration push appeared first on MacroBusiness.

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MacroBusiness Thursday, October 21, 2021 - 11:00 Source

It may well have, certainly for coal. Thermal coal futures were massacred again yesterday: Coking coal suddenly looks like iron ore: The Chinese intervention into what was stark raving mad market movements did the trick. Here is more texture: China will intervene in high coal prices and will impose severe punishment on those involved in coal

The post Did the energy bubble just burst? appeared first on MacroBusiness.

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MacroBusiness Thursday, October 21, 2021 - 10:40 Source

It doesn’t really matter what the bubble is. If it is a genuine bubble then the path is always the same. First, some “genius” delivers a breakthrough product (like a CDO, for instance). First movers get in and make spectacular returns. The wider market remains skeptical but the stink of money begins to suck in

The post The eight phases to total Bitcoin domination appeared first on MacroBusiness.

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MacroBusiness Thursday, October 21, 2021 - 10:30 Source

Deloitte Access Economics has released a report entitled Australia remade: a country fit for the age of disruption, which claims that Australia is “not as successful an economy as we think we are” and lacks sophistication: [The] Deloitte Economic Sophistication Index ranks countries and their economies based on two measures: the value added to the goods

The post Australian economy gets dumber and dumberer appeared first on MacroBusiness.

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MacroBusiness Thursday, October 21, 2021 - 10:20 Source

Ex-RBA head of research turned chief economist at the Centre for Independent Studies, Peter Tulip, has penned an article in Fairfax blaming a lack of supply for Australia’s housing affordability woes: Many submissions to the federal housing inquiry now underway argue for removal of tax concessions like negative gearing and the capital gains discount. This

The post Stop blaming a ‘lack of supply’ for Australia’s housing woes appeared first on MacroBusiness.

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Renew Economy Thursday, October 21, 2021 - 09:42 Source

Iberdrola announces £6 billion investment in 3GW offshore wind energy hub to kick off UK's aim to build 40GW of offshore wind to meet net zero target.

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MacroBusiness Thursday, October 21, 2021 - 09:30 Source

The ferrous complex was a bit of a mess on October 20, 2021 as spot firmed, paper jumped but steel was hit: The newsflow this week has been dominated by the iron ore cartel downgrading its output projections. This is poor mining and even poorer economics but, these days, it’s all about control fraud as

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

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MacroBusiness Thursday, October 21, 2021 - 09:30 Source

A relatively mixed night on risk markets and while Wall Street continued its corporate earnings inspired rally, the US Dollar Index (DXY) fell back against the majors, with the Kiwi and Australian dollar doing the most heavy lifting. Meanwhile Treasury yields pulled back from their recent near six month high with the 10 year still

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Thursday, October 21, 2021 - 09:28 Source

As Melbourne prepares to exit lockdown tonight, Victoria recorded a whopping 2232 new locally acquired COVID cases and 12 deaths: Reported yesterday: 2,232 new local cases and 3 cases acquired overseas (currently in HQ). – 37,824 vaccines administered – 79,544 test results received – Sadly, 12 people with COVID-19 have died More later: https://t.co/OCCFTAchah#COVID19Vic #COVID19VicData

The post Victorian COVID cases soar appeared first on MacroBusiness.

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Your Democracy Thursday, October 21, 2021 - 09:13 Source

will...will...

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MacroBusiness Thursday, October 21, 2021 - 09:00 Source

DXY was hammered last night as EUR gained. The technical damage is limited but this tells us something about an easing safe-haven trade: The Australian dollar remains a one-way ticket up: Oil too: All commodities: But miners got plastered: EM stocks are still clawing their way back: As is junk: The US curve is suddenly

The post What is fueling the Australian dollar rocket? appeared first on MacroBusiness.

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Your Democracy Thursday, October 21, 2021 - 06:47 Source

psakipsaki

Earlier this week, the New York Post reported that at least 2,000 migrant children and teens might have been taken to suburban New York since 8 August. 

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Your Democracy Thursday, October 21, 2021 - 06:07 Source

game...game...

Russia previously announced the suspension of operations of its permanent mission in NATO, as well as the activities of the alliance's military liaison mission and NATO information office in Moscow. 

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