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MacroBusiness Wednesday, January 20, 2021 - 12:20 Source

Darling economic commentator of the left, Ross Gittins, has stuck his thumb directly into the eye of the radicalised anti-American versions of history being pumped out by the likes of the ABC: For a harder-nosed expose of life on the margins of America’s mighty economy, I recommend the recent work of the Nobel prize-winning Scottish

The post Gittins: Trump was symptom not cause of US divisions appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 20, 2021 - 12:00 Source

Via Westpac: December saw a sharp increase in coal exports with volumes from Newcastle at a 4 month high; Dalrymple/ Hay Point at a 6 month high and Gladstone at 1yr high. This jump in volumes brings the total for 2020 to 364mt, down 5% versus 2019 and 3% versus 2018. Exports in Q42020 were

The post Aussie coal booms despite China blockade appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 20, 2021 - 11:40 Source

New Treasury data shows that the federal government received 75,143 applications for the HomeBuilder grant during the first phase of the scheme, including more than 35,000 during the last three weeks of 2020. The Treasury had forecast in June that it would receive just 27,000 applications for the grants by 31 December. The unexpected surge

The post Why housing construction will crash in 2022 appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 20, 2021 - 11:34 Source

BOM cyclone forecast: A Tropical Low was located at 2:00 am AWST near 11.8S 124.8E, that is 740 km north northeast of Broome and 1160 km northeast of Port Hedland and moving west southwest at 18 kilometres per hour. The tropical low is moving towards the west southwest and is expected to gradually strengthen. It

The post BOM: Cyclone heading for Port Hedland appeared first on MacroBusiness.

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Your Democracy Wednesday, January 20, 2021 - 11:22 Source

mr fish

As the book of memoirs of one of his attorneys, Michael Ratner, makes clear, the end has always justified the means for those who demand the global killing of Assange.

read more

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MacroBusiness Wednesday, January 20, 2021 - 11:20 Source

Via Goldman: We believe that a vaccine-driven reduction in hospitalizations is likely to kick offthe growth rebound through relaxed restrictions and some reductions involuntary consumer social distancing. We model the vaccine impact on hospitalizations in the US, where they appear to have peaked–consistent with the projections of our equity research colleagues a month ago–and in

The post US COVID hospitalisations about to plunge, growth surge appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 20, 2021 - 11:03 Source

Via LMIP: In seasonally adjusted terms, job advertisements increased by 1.4% (or 2,300 job advertisements) in December 2020 to stand at 171,500. This represents the eighth consecutive month on month increase in job advertisements which now stand 11.1% (or 17,100 advertisements) above the level recorded in December 2019. Headline results

The post Skilled vacancies rebound continues appeared first on MacroBusiness.

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The Australian Independent Media Network Wednesday, January 20, 2021 - 11:00 Source

Continued from: Of Eugenicists, Oligarchs and Psychopaths (part 18) By Outsider  Chapter 5: Was COVID-19 born in the United States? Cui prodest? (to whose advantage?) President Trump has been constantly referring to COVID-19 as ‘made in China’; in recent times Secretary of State, Mike Pompeo, has been referring to it as ‘Wuhan coronavirus.’ That there be no…

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MacroBusiness Wednesday, January 20, 2021 - 11:00 Source

Restaurant & Catering Australia CEO Wes Lambert has urged the federal government to continue to provide financial support for the hospitality industry after the JobKeeper wage subsidy scheme ends in March. Lambert has written to Treasurer Josh Frydenberg and Tourism Minister Dan Tehan arguing the case for additional sector-specific support for hospitality workers. Dubbed ‘HospoKeeper’,

The post Industry calls for ‘HospoKeeper’ to replace JobKeeper appeared first on MacroBusiness.

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xkcd.com Wednesday, January 20, 2021 - 11:00 Source

Most of our universe consists of dark matter rendered completely undetectable by our spacetime codec's dynamic range issues.

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MacroBusiness Wednesday, January 20, 2021 - 10:40 Source

Deloitte’s weekly economic briefing warns that Australia still faces significant insolvencies, despite a wave of strong economic data.  However, the risks have reduced markedly compared to a few months ago: Although the damage of 2020 is winding back fast, it hasn’t disappeared, and it will linger. Many relief measures were taken to alleviate the COVID-induced

The post Deloitte: “the insolvency drought has begun to break” appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 20, 2021 - 10:20 Source

Consumer groups have hardened in their opposition to the Morrison Government’s plans to abolish responsible lending laws, which were introduced in 2009. The Financial Rights Legal Centre has urged Senate crossbenchers to vote against any such move, while Financial Counselling Australia and CHOICE warn that scrapping the responsible lending regime would make it easier for

The post Consumer groups lash irresponsible mortgage lending laws appeared first on MacroBusiness.

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Renew Economy Wednesday, January 20, 2021 - 10:18 Source

2020 delivered another big year with big milestones in the UK, with wind and solar smashing records. Can it do it all again in 2021?

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Renew Economy Wednesday, January 20, 2021 - 10:07 Source

New data shows Victoria closed out 2020 with records for solar battery rebate uptake and installation, as fortnightly allocations of discounted home batteries get "snapped up."

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MacroBusiness Wednesday, January 20, 2021 - 10:00 Source

By Gareth Aird, head of Australian economics at CBA: Key Points: We expect the headline CPI to increase by 0.9% in Q420 (+0.7%/yr). The trimmed mean CPI on our forecasts will print at +0.4% (+1.2%/yr). The inflation debate may heat up over 2021 as we expect some ‘demand-pull’ inflation to show up in the data.

The post CPI Preview: Q4 2020 appeared first on MacroBusiness.

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