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Morrison quietly launches vaccine passports

April 16, 2021 - 09:40 -- Admin

The Morrison Government vaccine failure continues today as Australia remains mired in the Third World: It will get worse, not better over the next six months costing “tens of billions”, said economists, probably quoting me. It is true. Having capitulated entirely to Gladys Berejiklian’s plan for mass vaccination centres, the Morrison Government now faces criticism

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Australian dollar parties as assets melt-up

April 16, 2021 - 09:20 -- Admin

The Australian dollar enjoyed another strong night after yesterday’s solid data and overnight’s ongoing risk melt-up: The Australian dollar is up and away again though well short of previous highs: Oil and gold have made friends again: Base metals metals flew: Big miners too: But EM stocks remain under pressure from Chinese tightening: The to

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Daily iron ore price update (party time)

April 16, 2021 - 09:00 -- Admin

The ferrous complex was mixed overnight but it is once again party time for iron ore as strong seasonals combine with a falling DXY to deliver a surge in prices. Spot roared. Paper too. Steel fell: CISA early April production data was out was firm: It appears we might give new post-2011 high prices a

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Politicians abandon Aussies, roll out welcome mat to foreigners

April 16, 2021 - 00:15 -- Admin

One of the most disturbing situations to arise from the coronavirus pandemic is the utter contempt shown towards Australians stranded abroad, abandoned by our politicians. More than one year on from the beginning of the pandemic and there are still an estimated 35,000 Aussies stranded overseas, shut out by limited flights and quarantine places, as

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CoreLogic weekly house price update: still booming

April 16, 2021 - 00:10 -- Admin

CoreLogic’s daily dwelling values index registered another strong increase in the week ended 15 April, with values rising by 0.42% across the five major capital cities: All major capital city markets recorded weekly price growth with Adelaide (0.52%) recording the strongest increase and Perth (0.16%) the smallest: We are half way through April and already

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Links 16 April 2021

April 16, 2021 - 00:01 -- Admin

Global Macro / Markets / Investing: Like it or not, you’re now invested in Bitcoin – New Statesman S&P futures cut losses after tame inflation report, Nasdaq futures rise – CNBC Bitcoin Hits Another High Of $64,000, Creator Satoshi Nakamoto Happens To Worth More Than China’s Richest Man – Global Trends The Total Market Value

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Macro Afternoon: 15 April, 2021

April 15, 2021 - 17:41 -- Admin

ASX 200   Gold   Brent   Nikkei 225   Hang Seng   Nasdaq 100   S&P 500   FTSE 100   GBP/USD   EUR/USD   AUD/USD     Australia – Unemployment, UnderEmployment & Underutilisation   Employment – Selected Nations 2020 – 2021

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US could vaccinate Australia in 7 days

April 15, 2021 - 14:00 -- Admin

Just to underline how stoopid the Morrison Government has been. Via Morgan Stanley: COVID-19 Vaccine: US on Track to Achieve Broad Vaccination by Mid-Summer Our updated simulations suggest that the US can vaccinate the entire eligible population (12+yo) by mid-summer, in-line with our prior estimate. Our increased confidence in the rate and supply of vaccinations

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Equity correction time?

April 15, 2021 - 13:40 -- Admin

The bears are still theres. As equity markets march relentlessly higher on vaccine rollouts, economic reopenings, catch-up growth and stimulus, a few growls can still be found. Deutsche is one: Equities have historically traded closely with indicators of cyclical macro growth such as the ISMs (correlation 73%). Growth (ISM) typically peaks around a year (10-11

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MB Fund March 2021 Performance

April 15, 2021 - 13:35 -- Admin

March was a month for value stocks to shine. Global markets boomed, up 5% and Australian markets rose 2.4%.  We had positioned our portfolios for a rise in bond yields and a rotation to value stocks and so our portfolios outperformed benchmarks. Our asset allocation portfolios all rose as well, our growth portfolio the best,

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