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Links 19 April 2021

April 19, 2021 - 00:01 -- Admin

Global Macro / Markets / Investing: The new U.S. plan to rival China and end cornering of market in rare earth metals – CNBC The “Semiconductor” shortage crisis from start to finish – Economist Mark Cuban: As Supply And Demand Increases, Dogecoin “Will Find Its Level” – Global Trends Inflation Basics put into practice for

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Weekend Links: 17-18 April 2021

April 17, 2021 - 00:05 -- Admin

‘Cumberland Creek, near Apollo Bay’ 1863, Nicholas Chevalier, Art Gallery of South Australia   Macro & Markets The War Against Financial Crimes: a Global System that Needs Restructuring – Guardian Mag Pandemics make us more averse to inequality – VOX Oil hits one-month highs as IEA, OPEC raise forecasts – Reuters The impact of COVID-19

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Chinese data misses big, economy slows fast

April 16, 2021 - 13:00 -- Admin

Lordy, China data is a mess. Base effects have distorted everything. If we look through the fog what we find mostly is a disappointment. First-quarter GDP was only 0.6%, far below the forecast 1.4%. That is disguised by year on year figures which are wonky as anything 18.3%: The internals for the month of March

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Will Bitcoin destroy the US dollar?

April 16, 2021 - 12:30 -- Admin

Via the excellent gents at Nordea: Could Bitcoin undermine the dollar and the United States? Perhaps. We do see reasons to mull the long-term value of the dollar – not primarily because of cryptocurrencies, but due the country’s economic-political choices and China’s continued rise… Investor and entrepreneur Peter Thiel recently wondered if not “Bitcoin should … be

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Easter holidays dampen auction market

April 16, 2021 - 12:00 -- Admin

CoreLogic has released its final auction results for the weekend just gone with the final national clearance rate softening to 76.8%, down from the 79.9% preliminary clearance rate and also slightly lower than the 77.1% final clearance rate recorded in the prior weekend: It was the lowest weekly final auction clearance rate recorded in 2021;

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China’s little finaincal crisis rolls on

April 16, 2021 - 12:00 -- Admin

Some more updates on the little Chinese financial crisis roiling its bond and equity markets. Analysts had hoped that yesterday would being relief form the PBOC, no such luck: Stocks fell as the PBOC withdrew liquidity as for a fourth straight month: Funding costs in the junk bond market will keep rising, noted ANZ. Meanwhile,

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Australia will block iron ore if China invades Taiwan

April 16, 2021 - 11:30 -- Admin

Some very important articles today point to the sticky wicket that Australia’s huge iron ore trade is now playing on. The first is Richard McGregor from the Lowy Institute: Chinese leaders have long probed Australian counterparts about what they would do to iron ore supply if it came to war with Taiwan. Australia lived to

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SEEK job ads hit all-time high in March

April 16, 2021 - 11:00 -- Admin

From SEEK: OVERVIEW OF MARCH 2021: STATE OF THE NATION: Highest number of job ads posted in a month in SEEK’s 23+ year history. Applications per ad at lowest level since 2012. SEEK job ads were up by 10.3% month-on-month (m/m). SEEK job ads were up 75.1% year-on-year (y/y). The top three industries contributing to

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UN condemns Morrison failure to repatriate Aussies

April 16, 2021 - 10:30 -- Admin

The UN has condemned the Morrison Government neglect of stranded Aussies. It will probably mean the personality disorder PM does even less: The #UnitedNations Human Rights Committee has today ruled that Australia “facilitate and ensure” the return of #strandedaussies. We will keep fighting until these travel restrictions are lifted and their #HumanRights are respected. https://t.co/ev3CbwR1dm

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