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MacroBusiness Saturday, June 12, 2021 - 00:01 Source

Global Macro / Markets / Investing: Global food prices rise to highest level in a decade – Yahoo In a world first, El Salvador makes bitcoin legal tender – Reuters Inflation Is Surging. The Price Of A Toyota Pickup Truck Helps Explain Why – NPR The coming productivity boom – Bruegel Banks to Companies: No

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The Australian Independent Media Network Friday, June 11, 2021 - 19:25 Source

The post This Word “Courage.” appeared first on The AIM Network.

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The Australian Independent Media Network Friday, June 11, 2021 - 17:37 Source

By The Say No Seven   We could provide you with dozens of individual examples of ministers from Tudge to Pitt, Fletcher and Tehan all lying openly in parliament and misleading parliament about the Cashless Debit Card (CDC) but we won’t. Instead, we will focus on what happened during the last CDC “bill process” in the…

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Your Democracy Friday, June 11, 2021 - 17:33 Source

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MacroBusiness Friday, June 11, 2021 - 16:30 Source

A fairly mixed end to the trading week here in Asia following last night’s US inflation print and the latest ECB meeting which embiggened US stocks to new highs but hasn’t quite translated into firm moves across other stock markets so far. The USD is losing ground against all of the majors, but particularly Euro

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Friday, June 11, 2021 - 15:01 Source

crookwell stage 3 wind Countryside landscape and wind farm - optimisedThe 58MW Crookwell 3 wind farm will go ahead in Goulburn after a power purchase agreement underpinning the project was signed by Telstra.

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Renew Economy Friday, June 11, 2021 - 14:37 Source

Shell Australia CEO Tony Nunan talks about new NSW contract, big batteries, electric vehicles, hydrogen, LNG and carbon capture.

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MacroBusiness Friday, June 11, 2021 - 14:30 Source

Despite the cut in international students, salaries of university vice-chancellors remain bloated, according to new analysis by Fairfax: Unbelievably, some vice chancellors scored pay rises in 2020 at the same time as revenues tanked, rank and file staff were retrenched or had their wages stolen, and students were pushed into sub-standard online teaching. As shown

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The Australian Independent Media Network Friday, June 11, 2021 - 14:08 Source

Sincere Tony is again on the stump, promoting his vision of how best to return to a lovely, unruffled world of capitalist endeavour, circuit lecturing and summit meetings that no longer need to be held online. And when Blair has visions, they are bound to be highly selective and keen in terms of his own…

The post Less Freedom, More Money: Tony Blair’s Vaccine Passport appeared first on The AIM Network.

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MacroBusiness Friday, June 11, 2021 - 14:00 Source

You have got to love the contradictory statements coming from the Australian Chamber of Commerce and Industry (ACCI), which continues to talk with a forked tongue on the labour market. The ACCI recently sent a submission to the Morrison Government’s migration program review whereby it demanded easier access to foreign workers to ameliorate purported crippling

The post ACCI contradicts itself on Aussie labour market appeared first on MacroBusiness.

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Renew Economy Friday, June 11, 2021 - 13:49 Source

Neoen delivers scathing review of ESB market reform proposals, saying they have been rushed and should be abandoned before doing more harm.

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Renew Economy Friday, June 11, 2021 - 13:39 Source

offshore wind from ocean - optimisedTwo massive offshore wind projects proposed for either side of Bass Strait, as the technology pipeline grows to more than 25GW in Australia.

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MacroBusiness Friday, June 11, 2021 - 13:30 Source

By Gareth Aird, head of Australian economics at CBA. Key Points Wages and salaries paid into CBA bank accounts lifted over May which points to growth in employment and hours worked in the month. The number of CBA customers receiving the JobSeeker payment continued to decline over May which indicates unemployment fell over the month.

The post CBA: Labour market strengthened again in May appeared first on MacroBusiness.

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Renew Economy Friday, June 11, 2021 - 13:20 Source

RenewEconomy launches its Offshore Wind Farm Map of Australia, the latest in a series of important map references for clean energy technology.

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Renew Economy Friday, June 11, 2021 - 13:05 Source

hydrogen export renewable western victoriaAustralia has huge pipeline of green hydrogen projects, but subsidies will be needed to bring cost down to targeted $A2 per kilogram.

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MacroBusiness Friday, June 11, 2021 - 13:00 Source

Seriously, who would want to own a high-rise apartment? Over recent years, hundreds of buildings have been forced to remove dangerous flammable cladding at the cost of millions. Multiple apartment towers have also been plagued by building faults, costing owners thousands in rectification costs. In 2019, Four Corners aired a segment entitled Cracking Up, where

The post ‘Terrifying’ creaking haunts Melbourne high-rise residents appeared first on MacroBusiness.

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THE BLOT REPORT Friday, June 11, 2021 - 12:59 Source

I knew that some halfwit climate change denier would come out and say ‘it’s cold, therefore climate change is not happening’. The last time I can remember this happening, it was the monumentally idiotic Rowan Dean1. This time it was the ludicrously inept Senator Matt Canavan2.

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MacroBusiness Friday, June 11, 2021 - 12:30 Source

CoreLogic has released new data showing the increasing risk profile of Australian mortgage lending as investors have flooded back into the market. While the percentage of high loan-to-value ratio (LVR) lending fell over the March quarter to 10.4% from 11.3% – likely reflecting the reduction in first home buyers active in the market: The percentage

The post CoreLogic: Risky mortgage lending on the rise appeared first on MacroBusiness.

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MacroBusiness Friday, June 11, 2021 - 12:00 Source

The unprecedented boom in new home sales has ended following the expiry of the Morrison Government’s HomeBuilder subsidy at the end of March. According to new data released by the Housing Industry Association (HIA), new home sales have roughly halved from March and are tracking way below the December peak (when HomeBuilder subsidies were initially

The post New home sales crash to earth after HomeBuilder appeared first on MacroBusiness.

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MacroBusiness Friday, June 11, 2021 - 11:40 Source

Australia’s magnificent strategic realignment continues at pace today. As Cold War 2.0 heats up, and Australia sharpens up as the US-led liberal bloc “tip of the spear”, more US marines are hopefully coming Downunder: More US marines may be headed for station in Australia. The joint brigade would be based in Darwin. US naval ships

The post Station those new US marines in the Pilbara appeared first on MacroBusiness.

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MacroBusiness Friday, June 11, 2021 - 11:20 Source

Has the ABC been living under a rock? Last night The Business reported in disbelief that many Australian workers will have their take home pay cut when the superannuation guarantee (SG) is lifted from 9.5% to 10% on 1 July: Employment lawyers say if an employee’s contract says their super is included in their total

The post Shock horror! Workers pay for superannuation increase appeared first on MacroBusiness.

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Your Democracy Friday, June 11, 2021 - 11:19 Source

cardanocardano

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Jerome Cardano is a clever man. A mathematician, a mostly self-taught doctor, a cosmologist and a "system” gambler. He dwells in complex theories that we, as mere mortal, would still not understand. As quantum physicists we would. His mother runs a brothel. Jerome has a run of bad luck. 

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MacroBusiness Friday, June 11, 2021 - 11:00 Source

Goodbye TFF, goodbye rock bottom mortgages. ANZ just double-hiked its fixed-rate mortgages on the four year to 2.49% and five year to 2.69% The discounted variable is at 1.94%. This process will continue for months yet as banks are forced to refinance into more expensive wholesale debt as the RBA ends its Term Funding Facility

The post ANZ delivers double rate hike for fixed mortgages appeared first on MacroBusiness.

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MacroBusiness Friday, June 11, 2021 - 10:40 Source

Ever since China installed its “three red lines” policy early this year, there have been increasing signs of stress in China’s mega-development sector. Floor area starts have dropped sharply, equity markets have punished the sector and credit markets begun to tighten the noose on the more freewheeling names. That process continues today as Chin’s greatest

The post Chinese developer trouble deepens appeared first on MacroBusiness.

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MacroBusiness Friday, June 11, 2021 - 10:20 Source

Us yields may be falling owing to the peak in its inflation burst and coming disinflationary bust, but they can;t down to Aussie yields which are falling even faster. The Aussie 10 year yield inverted negative versus the US for the first time in eight months overnight. During the recent bond back-up the spread blew

The post Aussie 10 year yield inverts to US appeared first on MacroBusiness.

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MacroBusiness Friday, June 11, 2021 - 10:00 Source

By Gareth Aird, head of Australian economics at CBA Key Points The domestic economic landscape has changed significantly as a result of COVID‑19; it means that we are much more likely to see a lift in wages growth and consumer inflation over the next few years. The Commonwealth fiscal stance has shifted radically in favour

The post CBA: lower immigration to lift Aussie wages appeared first on MacroBusiness.

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xkcd.com Friday, June 11, 2021 - 10:00 Source

You'd need to keep track of so many people! Would you use, like, Excel or something? Far too fancy for a simple country nanoenzyme developer like me.

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MacroBusiness Friday, June 11, 2021 - 09:30 Source

The ferrous complex was well bid on June 11, 2021 for no reason that I can discern beyond my own posting. Spot was firm. Dalian paper jumped overnight. Steel has not updated: Dalian trading started weak yesterday until I posted on Vale’s latest dam troubles. Although it was not news, my reminding the market of

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

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MacroBusiness Friday, June 11, 2021 - 09:00 Source

I loath Q&A. It is little more than a bourgeois echo chamber of self-congratulation. What a relief it was to see economist Cameron Murray get on there and stick it to them with elegance, reason and demands for evidence. I don’t always agree with Cam but his arguments are well-reasoned, he demands evidence and he

The post Cameron Murray for PM appeared first on MacroBusiness.

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MacroBusiness Friday, June 11, 2021 - 09:00 Source

A big night on risk markets with the latest US inflation report coming in as expected, with the ECB meeting also not produce any surprises as stocks lifted across the board. Bond markets spiked before settling down with 10 year Treasuries putting in a three month low with USD slipping against the majors again but

The post Macro Morning appeared first on MacroBusiness.

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