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Renew Economy Thursday, October 21, 2021 - 13:04 Source

Sydney Trains transi

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Renew Economy Thursday, October 21, 2021 - 13:03 Source

Mike and Annie Cannon-Brookes pledge another $1.5 billion towards renewables and philanthropic projects helping cap global warming at 1.5°C.

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Your Democracy Thursday, October 21, 2021 - 13:01 Source

dietdiet

'Who the Hell Shrunk Mike and Why?' Twitter Explodes Over Pompeo's Dramatic Weight Loss...

 

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MacroBusiness Thursday, October 21, 2021 - 12:30 Source

If you think Sydney’s property market is a bubble after 23.5% this calendar year, you ain’t seen nothing yet. According to the latest UBS Global Real Estate Bubble Index, Sydney is only ‘middle of the road’ compared against the world’s global cities for housing bubble risk: The next chart shows the change in rankings across

The post So you think Sydney’s housing bubble is bad? appeared first on MacroBusiness.

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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...

As the Taliban rapidly crushed US-backed Afghan forces, many politicians, pundits, and military leaders expressed surprise at having overestimated an ally’s will to fight and underestimated the enemy’s. Similarly in 2014, after the Islamic State (ISIS) routed US-backed Iraqi forces, President Obama endorsed the intelligence assessment that “predicting the will to fight…is an imponderable.” 

 

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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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Club Troppo Thursday, October 21, 2021 - 01:07 Source

I’ve recently completed an essay and like quite a few of my essays, it’s not been ‘optimised’ for publication in a magazine, so I may not try to publish it. But in case any folks here think it’s of interest, they need only put their email in comments below or email me and I’ll send them access to it on Google docs.

The first of six sections is reproduced below:

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MacroBusiness Thursday, October 21, 2021 - 00:10 Source

Late last week, The AFR ran an article bemoaning so-called skills shortage among accountants, which therefore necessitates a big lift in the nation’s ‘skilled’ migration program: “It’s the tightest job market I’ve ever seen,” said associate partner Priscila Crawford, who specialises in high-level roles at recruitment firm Kona & Co. She agreed that Australian firms

The post Australia’s broken visa system keeps delivering wrong skills appeared first on MacroBusiness.

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MacroBusiness Thursday, October 21, 2021 - 00:10 Source

Last week, the Australian Bureau of Statistics (ABS) released dwelling construction data for the June quarter, which showed that dwelling commencements hit the highest level on record over the quarter: The below charts plot annual dwelling approvals, commencements and completions against population growth nationally and across the five major states. National: Nationally, population growth collapsed

The post HomeBuilder drives structural housing oversupply appeared first on MacroBusiness.

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MacroBusiness Thursday, October 21, 2021 - 00:05 Source

It’s farewell to  Chinese new home price gains with the seventy city index yesterday pulling a donut in September (-0.08) but still up 3.8% over the year: The breadth of losses is expanding sharply as the freeze spreads. Only 14 of 70 cities recorded price gains: Prices are slowing everywhere: Existing property is falling faster

The post Chinese property prices hit the skids in frozen market appeared first on MacroBusiness.

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Renew Economy Thursday, October 21, 2021 - 00:01 Source

An Extinction Rebellion activist wears a mask depicting Australian Prime Minister Scott Morrison blocks the road during a protest outside Parliament House in Canberra.</body></html>

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MacroBusiness Thursday, October 21, 2021 - 00:01 Source

Global Macro / Markets / Investing: Supply chain chaos is hitting global growth and could get worse – CNBC Amazon’s Jeff Bezos ‘may have lied to Congress’ – BBC The World’s Biggest Real Estate Bubbles in 2021 – Visual Capitalist Pandemic Profit Pfizer’s Power – Public Citizen Americas: ‘People are fed up’: Dollar General workers

The post Links 21 October 2021 appeared first on MacroBusiness.

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New Politics Wednesday, October 20, 2021 - 23:53 Source

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Renew Economy Wednesday, October 20, 2021 - 17:03 Source

Rio Tinto plans up to 7GW of wind and solar to power smelters and iron ore mines as part of $7.5 billion plans to slash emissions by 2030.

The post Rio Tinto plans massive 7GW wind and solar for smelters and iron ore mines appeared first on RenewEconomy.

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MacroBusiness Wednesday, October 20, 2021 - 17:00 Source

Asian stock markets are relatively mixed but bullish overall in response to the continued uptrend on Wall Street overnight, although concerns over Chinese energy supply and inflation continue to weigh with the latter to be brought to the fore with tonights dual European/non-European inflation prints.  Gold is trying to reclaim lost ground again, returning to

The post Macro Afternoon appeared first on MacroBusiness.

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The Australian Independent Media Network Wednesday, October 20, 2021 - 16:48 Source

Telecommunications Industry Ombudsman Media Release The Telecommunications Industry Ombudsman (TIO) today published its submission to the Regional Telecommunications Review 2021. The submission highlighted the concerns of telco consumers living outside Australia’s metropolitan centres and provides insight into phone and internet complaint trends. Each year, the TIO receives around 30,000 phone and internet complaints from consumers…

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Renew Economy Wednesday, October 20, 2021 - 15:22 Source

sun cable 5b solar northern territory optimised

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