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MacroBusiness Tuesday, June 15, 2021 - 00:05 Source

According to Bloomie, hedge funds are long the Australian dollar: Leveraged funds hold a net long position of 20,509 contracts in the currency. Various hedgies talked their own book for higher on the forthcoming speech by Phil Lowe and the next jobs report. Actually, the overall market is now short the AUD by 9k contracts

The post Australian dollar about to jump on RBA policy error? appeared first on MacroBusiness.

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MacroBusiness Tuesday, June 15, 2021 - 00:01 Source

Global Macro / Markets / Investing: The Profit Paradox’ Details How Lack Of Competition Warps Economies – Benzinga Will poorer countries benefit from international tax reform? – The Economist BlackRock isn’t to blame for the dumpster fire housing market – VOX Fed balance sheet tops $8 trillion for first time -data – Reuters US Treasuries

The post Links 15 June 2021 appeared first on MacroBusiness.

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Your Democracy Monday, June 14, 2021 - 20:54 Source

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Cheeseburger Gothic Monday, June 14, 2021 - 16:55 Source

I just spent the afternoon plotting and scheming out my next 12-18 months, which is something I do after a big deadline. Two of them in this case. The major edit of The Shattered Skies, and finalising a new series for Audible.

WW3.1 now moves up into my primary project slot, which means it gets the best of my attention for about four to five hours in the morning, Monday to Thursday. (Friday is for ranting over at ASB). This series will probably remain my primary until all three novels are finished in the next twelve months

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The Australian Independent Media Network Monday, June 14, 2021 - 16:00 Source

By 2353NM   Australia has been fortunate through the COVID-19 pandemic. The infections and deaths due to COVID-19 have been far less than others by percentage of population, the economy is apparently returning to some form of normal and life is not greatly impacted for most Australians on a day-to-day basis. Recent history will suggest that…

The post It’s not dumb luck. Is it more sinister? appeared first on The AIM Network.

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The Australian Independent Media Network Monday, June 14, 2021 - 14:22 Source

Now even SBS has joined the populist throng of mainstream media journalism, reflux and regurgitation on COVID vaccination. ‘How to talk to someone who is hesitant about the coronavirus vaccine’ by Jennifer Scherer, SBS News, 13 June 2021. It seems all of us have a duty to perform in how we approach the COVID vaccination…

The post So Now We Can All Join in The Fray appeared first on The AIM Network.

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Club Troppo Monday, June 14, 2021 - 12:09 Source

My father Fred was born Fritz Heinz Georg Grün to a family living at Reisnerstrasse 5, Vienna on 14th June, 1921 making today the centenary of his birth. Accordingly I’m reposging a speech I gave at the unveiling of the portrait of him by his good friend Erwin Fabian in Hay concentration camp * not long after they both arrived. Erwin died less than a year ago aged 105.

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Renew Economy Monday, June 14, 2021 - 10:02 Source

While the G7 meeting was unremarkable, there are growing signs of action on coal phaseout - particularly among Australia's biggest coal customers.

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xkcd.com Monday, June 14, 2021 - 10:00 Source

Sure, you can talk about per-capita adjustment, but if you want to solve the problem, it's obvious that this is the group you need to focus on.

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THE BLOT REPORT Monday, June 14, 2021 - 09:13 Source

Nadesalingam (Nades) and Priya are two Tamils who arrived in Australia separately in 2012 and 2013 by boat after fleeing what amounted to a 26-year long civil war in Sri Lanka. The government granted them temporary protection visas while their claims for asylum were assessed. Both of them moved to Biloela, in Queensland, in 2014, which had a meatworks that had a reputation for employing new migrants and asylum seekers. They met there, got marries and had two daughters, Kopika (born May, 2015) and Thaarnica (born June, 2017)1. 

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MacroBusiness Monday, June 14, 2021 - 08:30 Source

With the US inflation report out of the way, Friday night saw the go signs flash green on stock markets while the USD pounced back on no major news against the major currencies, although the latest US Michigan consumer sentiment survey surprised to the upside. Bond yields saw new lows with 10 year Treasuries again

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Monday, June 14, 2021 - 08:30 Source

CoreLogic’s preliminary report on the weekend’s auctions reported a higher clearance rate as Melbourne reopened. The national preliminary clearance rate rose to 77.4% from 73.5% the prior weekend. However, this was off significantly lower auction volumes, down to 1,426 from the prior weekend’s 2,691, owing to the Queens’s Birthday long weekend. Sydney continued its strong

The post Auction clearances rebound on Melbourne reopening appeared first on MacroBusiness.

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John Quiggin Monday, June 14, 2021 - 05:15 Source

Back again with another Monday Message Board.

Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. If you would like to receive my (hopefully) regular email news, please sign up using the following link

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MacroBusiness Monday, June 14, 2021 - 00:15 Source

The Weekend AFR gave its strongest indication yet that the Morrison Government will use Treasury’s upcoming Intergenerational Report (IGR) as ammunition to reopen the mass immigration floodgates: This month’s Intergenerational Report will be “used to reinforce the government’s case to boost immigration once the pandemic ends”. “It will show the country is getting older, more

The post Coalition, Treasury collude to reopen immigration floodgates appeared first on MacroBusiness.

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MacroBusiness Monday, June 14, 2021 - 00:01 Source

Global Macro / Markets / Investing: Standard Inflation Theory Leaves Out Social Conflict and Costs – Ineteconomics Will poorer countries benefit from international tax reform? – The Economist BlackRock isn’t to blame for the dumpster fire housing market – VOX Fed balance sheet tops $8 trillion for first time -data – Reuters Global food prices

The post Queens Birthday Holiday Links 14 June 2021 appeared first on MacroBusiness.

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The Australian Independent Media Network Sunday, June 13, 2021 - 14:02 Source

Summits often feature grand statements and needless fripperies. In Cornwall, the leaders of the G7 countries were trying to position and promote their relevance as the vanguard of democratic good sense and values. They, the message went, remained relevant, valuable and essential to the order of the earth, despite challenges posed by the autocrats. Never…

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Renew Economy Sunday, June 13, 2021 - 13:15 Source

A moratorium on new thermal coal mining capacity is needed to avoid chaotic employment impacts.

The post NSW accepts thermal coal is set for major decline, now it needs to act appeared first on RenewEconomy.

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Core Econ Sunday, June 13, 2021 - 11:32 Source

Executive Summary: I’m not much impressed.

For details see here:

Comments welcome.

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Your Democracy Sunday, June 13, 2021 - 09:32 Source

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The Australian Independent Media Network Sunday, June 13, 2021 - 09:17 Source

As we seem to have entered a phase where the level of spin in the country is so great that Shane Warne would have struggled to get a game in Prime Minister’s Eleven, I’ve started wondering how the various politicians in the Morrison government had been born in previous times. For example, if Christian Porter…

The post If The Morrison Government Had Been Historical Figures… appeared first on The AIM Network.

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Your Democracy Sunday, June 13, 2021 - 07:47 Source

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Your Democracy Sunday, June 13, 2021 - 05:56 Source

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 As President Biden prepares for the G7 and NATO summits and a meeting with Vladimir Putin, we look at how the United States, Russia and other nuclear-armed nations continue to spend billions on nuclear weapons during the COVID-19 pandemic.

 

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Your Democracy Saturday, June 12, 2021 - 20:12 Source

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The Australian Independent Media Network Saturday, June 12, 2021 - 15:58 Source

When Donald Trump launched his ‘birther movement’ in the lead up to the 2012 US presidential candidate race, his accusations about President Obama’s place of birth should never have been published in mainstream media. By publishing these demonstrably false accusations, aimed at delegitimising America’s first black President, the media gave the accusations, and in-turn Trump,…

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The Australian Independent Media Network Saturday, June 12, 2021 - 13:18 Source

By Kathryn   There are a lot of totally gormless, Murdoch-manipulated, ill-informed intellectual midgets out there who keep voting for the worst, most callously inhumane, ineffective and corrupt regime – the LNP – over and over again! Tragically, it is these unspeakably stupid fools who believe everything they inhale from the twisted, totally biased, lying Murdoch…

The post Scott Morrison: Who’s he trying to impress? appeared first on The AIM Network.

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The Australian Independent Media Network Saturday, June 12, 2021 - 12:46 Source

Although the demands imposed by the Fair Work Commission (FWC) have replaced the excesses of the LNP’s old Work Choices experiments from the Howard era, Australia still has an appalling divide in take-home pay rates between a new generation of working poor and quite comfortably off fellow Australians. The FWC is still quite upbeat about…

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John Quiggin Saturday, June 12, 2021 - 10:23 Source

You can read my latest email newsletter, covering May 2021, here.

I’m looking into Substack as a way of distributing the newsletter, and providing links to the blog, but am still finding my way. Any thoughts would be appreciated

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Your Democracy Saturday, June 12, 2021 - 08:14 Source

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Your Democracy Saturday, June 12, 2021 - 06:32 Source

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The Australian Independent Media Network Saturday, June 12, 2021 - 06:00 Source

Earlier this year, I consciously decided to give Question Time a miss for the year or until it at least resembled a sliver of those things that make up a democracy. Not the chamber of collective juvenile circus performers we have now. Instead, a group of men and women whose words and actions resemble those…

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