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The Australian Independent Media Network Saturday, July 24, 2021 - 09:16 Source

In a crisis, good information is paramount so it’s really lucky that this isn’t a crisis. Jus in case you’re confused, it’s not a crisis because we have everything on target and going to plan and now, we have a four phase plan which describes what will happen in the future assuming that it does.…

The post Scott Morrison And The MinIstry Of Information And Stuff That We Should Believe… appeared first on The AIM Network.

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THE BLOT REPORT Saturday, July 24, 2021 - 08:58 Source

UK Prime Minister Boris Johnson has raised the white flag and relaxed almost all the UK’s Covid-19 mitigation restrictions. Masks and social distancing will no longer be required and social gatherings of many people will be allowed again. Some of the locals are calling it Freedom Day1.

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Your Democracy Saturday, July 24, 2021 - 08:05 Source

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The Australian Independent Media Network Saturday, July 24, 2021 - 06:00 Source

On Wednesday, 20 July, The Prime Minister did three radio interviews. During the third on Melbourne’s KIIS 101.1, he was asked by the host Jase Hawkins to apologise for the “nightmare” of the vaccine rollout. “Can you honestly say to me that the government has taken accountability?” he said. “Like, I have never heard the word ‘sorry’ –…

The post “Ye shall know them by their fruits” appeared first on The AIM Network.

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MacroBusiness Friday, July 23, 2021 - 22:47 Source

Across the Yarra, 1931, Clarice Beckett, National Gallery of Victoria   Macro & Markets Why there is no solution to our age of crisis without China – New Statesman The aftermath of sovereign debt crises – VoxEU The long-run effects of pandemics on inflation: Why this time may be different – VoxEU Don’t worry about

The post Weekend Links: 24-25 July, 2021 appeared first on MacroBusiness.

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MacroBusiness Friday, July 23, 2021 - 15:00 Source

Asian stock markets are listless going into the end of the week due to the absence of Japanese traders and continued concern over delta variant outbreaks in the region. Bitcoin however is lifting sharply this afternoon, almost tripping over the $33K level to make a new weekly high while gold is falling back again to

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Friday, July 23, 2021 - 14:59 Source

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Renew Economy Friday, July 23, 2021 - 14:56 Source

Premier Mark McGowan today announced the appointment of Stephen Edwell as the new Chair of the Governing Body of the Economic Regulation Authority.

The post New Chair of WA Economic Regulation Authority appeared first on RenewEconomy.

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The Australian Independent Media Network Friday, July 23, 2021 - 14:49 Source

The auguries are not good for the Tokyo Olympic Games. Resignations have filled the ledger, including Japanese composer Keigo Oyamada, organising committee president Yoshiro Mori and the creative director Hiroshi Sasaki. Then there is the lamentable behaviour of the authoritarian International Olympic Committee and the obsequious conduct of the Suga government. The continued prospect of…

The post Tokyo’s Pandemic Games Open appeared first on The AIM Network.

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MacroBusiness Friday, July 23, 2021 - 14:30 Source

The Parliamentary Budget Office (PBO) has reported that 157,650 employers saw their turnover increase between April and June 2020, when compared to the same period in 2019. These employers received a combined $4.6 billion in JobKeeper payments during this period, and Labor MP Andrew Leigh says the figures show how much of taxpayers’ money was

The post JobKeeper rorters ignored as unemployed forced to repay welfare appeared first on MacroBusiness.

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MacroBusiness Friday, July 23, 2021 - 14:00 Source

Albert Edwards of Societe General with the note Many seem at a loss to explain the recent bond market rally in the face of higher-than-expected inflation data. Readers of these pages will not have been surprised, as the collapse in the credit impulse we have been highlighting was calling for just such a rally. More

The post Albert Edwards asks: Is this really a new business cycle? appeared first on MacroBusiness.

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Renew Economy Friday, July 23, 2021 - 13:46 Source

Monash Uni’s Behrooz Bahrani says new technologies, such as grid forming inverters, are changing the way we can manage the grid.

The post Energy Insiders Podcast: How quickly can we got to 100% renewables appeared first on RenewEconomy.

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Your Democracy Friday, July 23, 2021 - 13:34 Source

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Angela Merkel's last federal press conference: 'It was a pleasure'

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MacroBusiness Friday, July 23, 2021 - 13:30 Source

TS Lombard with the note: Don’t let your heart rule your head. There are times when one cannot help being emotional, and the last 18months have pushed many of us to emotional breaking points. But when it comes to managing money, introducing emotion into the equation often leads to bad decision-making. (This author was guilty

The post Lombard: Don’t worry about Delta appeared first on MacroBusiness.

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MacroBusiness Friday, July 23, 2021 - 13:00 Source

This is a bit like asking Dracula why there’s a blood shortage but here’s Goldman with its best effort on why bond yields are plunging: Q: The reflation theme in markets seems to be unwinding, led by bonds. What is recent price action signaling about the recovery? A: Since the recent Mid-may highs, both 10y

The post Why are bond yield plunging? appeared first on MacroBusiness.

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Renew Economy Friday, July 23, 2021 - 12:59 Source

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Renew Economy Friday, July 23, 2021 - 12:41 Source

Solar power is already the cheapest form of electricity generation, and its cost will continue to fall as more improvements emerge in the technology and its global production.

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Renew Economy Friday, July 23, 2021 - 12:39 Source

In light of the catastrophic floods that hit Germany, Bavaria's conservative state premier wants coal generation to finish by 2030.

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MacroBusiness Friday, July 23, 2021 - 12:30 Source

Callam Pickering, economist at global jobs site Indeed, has released new data showing that, as of last Friday, Sydney’s and Melbourne’s lockdowns had minimal impact on Job Postings; although Pickering expects the situation to change as lockdowns drag on: As of last Friday, there has been minimal impact on job postings from the lockdowns in

The post Job postings unaffected by lockdowns appeared first on MacroBusiness.

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MacroBusiness Friday, July 23, 2021 - 12:00 Source

If there is one place in the world at the moment that you should be watching it is the UK. It has the world’s highest full COVID vaccination rate: And on Monday the UK declared ‘Freedom Day’, which lifted remaining COVID restrictions, including: face masks no longer legally required; work-from-home guidance ended; social distancing rules

The post Positive signs as UK COVID cases fall after ‘Freedom Day’ appeared first on MacroBusiness.

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MacroBusiness Friday, July 23, 2021 - 11:30 Source

Think Tank Per Capita has released a new discussion paper entitled “Generation Stressed”, which shows that Australian households have experienced “a significant increase in the lifetime expenditure on the median mortgage” over the generations, specifically: “For a Silent Generation family buying in 1970, the average repayment cost over the course of the mortgage was 11.2%

The post Forget record low rates, younger generations pay most for housing appeared first on MacroBusiness.

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MacroBusiness Friday, July 23, 2021 - 11:23 Source

NSW Health has reported another 136 local COVID cases over the past 24 hours: NSW recorded 136 new locally acquired cases of COVID-19 in the 24 hours to 8pm last night. pic.twitter.com/WsMXKvQOY0 — NSW Health (@NSWHealth) July 23, 2021 Of these locally acquired cases, 77 are linked to a known case or cluster – 65

The post NSW records new high 136 COVID cases appeared first on MacroBusiness.

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MacroBusiness Friday, July 23, 2021 - 11:00 Source

Farewell stellar jobs recovery. Via the ABS: In the fortnight up to the week ending 3 July 2021: Payroll jobs decreased by 1.0%, compared to an increase of 0.4% in the previous fortnight All states fell: OMG it’s a blue recession! Kids always do worst, earliest: Payrolls are not seasonally adjusted so that’s why the ABS is cautious. But,

The post Payrolls slump into Morrison’s recession appeared first on MacroBusiness.

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MacroBusiness Friday, July 23, 2021 - 10:30 Source

One of the biggest structural changes arising from the COVID pandemic has been the shift to remote work. Through necessity, office workers across the globe were suddenly forced to log-on remotely via the internet and work from home. A new survey of 12,500 employed people in 29 countries for the World Economic Forum (WEF) suggests

The post Why working from home is a permanent structural shift appeared first on MacroBusiness.

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MacroBusiness Friday, July 23, 2021 - 10:00 Source

We all know that there is something terribly wrong with Scott Morrison. He’s disordered in some classically toxic way. But, sometimes, it’s better to rely upon a pearl of older wisdom. To put it bluntly, Scott Morrison is a wanker: “I’m sorry that we haven’t been able to achieve the marks that we had hoped

The post Morrison gaslights himself as Aussies wait for Pfizer appeared first on MacroBusiness.

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xkcd.com Friday, July 23, 2021 - 10:00 Source

Small devices use two-prong USB-AC, but there's also a three-prong version with a USB-B plug as the ground.

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MacroBusiness Friday, July 23, 2021 - 09:30 Source

The ferrous complex was half-hammered on Friday 22, 2021 as iron ore gave way, paper kept falling overnight but steel jumped again: The same explanation is on offer from Reuters: Chinese iron ore futures fell for a fourth consecutive session, down more than 7% to their lowest levels in nearly three weeks, on prospects of

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

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The Australian Independent Media Network Friday, July 23, 2021 - 09:30 Source

By David C Paull   The Pilliga forests are a significant water, biodiversity and carbon sink resource, yet our governments want to turn it into a gas-field. Now is the time to rethink how we value and manage our irreplaceable natural resources. Following the ecological catastrophe of the fire season of 2019/20, when it is estimated…

The post It’s the forest, silly! appeared first on The AIM Network.

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MacroBusiness Friday, July 23, 2021 - 09:23 Source

Victoria’s Department of Health has recorded another 14 new COVID cases over the past 24 hours, all of which are linked to existing outbreaks. 10 of the 14 new cases were in quarantine throughout their entire infectious period with 1 of the other 4 cases still to be interviewed. The next chart shows the flow

The post Victoria records 14 new COVID cases appeared first on MacroBusiness.

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MacroBusiness Friday, July 23, 2021 - 09:15 Source

Into the Morrison Idiot recession we go. Remember that vaccines “are not a race” and we do not need to centralise hotel quarantine in the bush. Via Markit comes the crashing Aussie flash PMI: The growth streak for the Australian private sector ended in July according to Flash PMI® data which showed business activity in

The post Aussie flash PMI crashes into Morrison Idiot recession appeared first on MacroBusiness.

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