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MacroBusiness Thursday, June 10, 2021 - 12:15 Source

In today’s investment podcast (LIVE 12:30pm AEST), MB Fund’s Chief Strategist David Llewellyn Smith, Head of Investments Damien Klassen, and Head of Advice Tim Fuller cover the final in our series of three podcasts on the contrarian view for inflation. This time we look at what to do from an investment perspective. On the agenda:

The post MB Fund Podcast: How to position your portfolio for the great Inflation head fake LIVE NOW appeared first on MacroBusiness.

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Your Democracy Thursday, June 10, 2021 - 12:09 Source

my waymy way

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

“I sort of call this the Frank Sinatra approach” Prime Minister Scott Morrison recently told mining executives at the Minerals Council of Australia annual dinner.

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MacroBusiness Thursday, June 10, 2021 - 12:00 Source

I said recently that iron ore was not going to go to $300 unless we saw some new crisis to supply. Either another busted dam in Brazil or nationalist Indian policy or the like. Well, we have a candidate, via Reuters: Regional Labor Department for the southeastern Brazilian state of Minas Gerais says Vale SA’s decomissioned

The post Iron ore $300? Vale’s new dam buster deteriorates appeared first on MacroBusiness.

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Renew Economy Thursday, June 10, 2021 - 11:42 Source

Jacinda Ardern 100 per cent renewable electricity nz election pitch campaign launch AAP - optimisedNew Zealand's climate history and its climate targets are a mixed bag at best, but they are miles ahead of Australia's coal obsession.

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Renew Economy Thursday, June 10, 2021 - 11:38 Source

Glenrowan West solar farm in Victoria completed and declared full

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MacroBusiness Thursday, June 10, 2021 - 11:25 Source

This is the final in our series of four posts on the contrarian view for inflation. This time we look at what to do from an investment perspective. The inflation head-fake In part one, we looked at inflation today not being the same as inflation in the 1970s.  We looked in particular at issues that caused

The post How to position your portfolio for the great inflation head-fake appeared first on MacroBusiness.

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

For years I thought it would prove to be our downfall. The immense borrowing that our banks did offshore to leverage mining income into the great property bubble. Largely this was a failure of imagination because I never thought we’d be able to do QE without a collapsing currency. But then the pandemic came and

The post How Australia’s much feared offshore debt just disappeared appeared first on MacroBusiness.

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

Victoria’s fourth hard lockdown has extended the Australian Labor Party’s two-party preferred poll lead, according to Roy Morgan. During the Victorian lockdown in early June, support for the ALP is 51% on a two-party preferred basis, up 0.5% points since March 2021 and increasing their lead over the L-NP on 49% (down 0.5% points) despite

The post VIC lockdown extends ALP’s election lead appeared first on MacroBusiness.

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MacroBusiness Thursday, June 10, 2021 - 10:40 Source

Readers will know that we are of the view that China has entered a new round deleveraging and economic restructuring that will crash commodity prices in due course. This plan is two-pronged. It aims to slow the development sector to end overbuilding. And it aims to deleverage local governments as well. I have already discussed

The post Still more China construction tightening appeared first on MacroBusiness.

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MacroBusiness Thursday, June 10, 2021 - 10:30 Source

One of the most asinine COVID restrictions that will continue into next week is the banning of gyms. Gyms were singled-out and banned from reopening in Regional Victoria last week, despite no reported COVID cases, and they will be singled out again in Melbourne when it reopens at midnight tonight. As happened last year when

The post Gyms the forgotten victim of Victoria’s lockdown appeared first on MacroBusiness.

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MacroBusiness Thursday, June 10, 2021 - 10:00 Source

Weeoo, weeoo, weeoo. It’s been far too long since the Pascometer last registered a redline moment. Almost so long that some readers will not even be acquainted with one of MB’s former favourite contrarian indicators. Today the mechanism returns with a vengeance to redline on a subject for which it has zero expertise: China. To

The post Pascometer redlines on China grovelling appeared first on MacroBusiness.

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MacroBusiness Thursday, June 10, 2021 - 09:30 Source

The ferrous complex was firm yesterday with a  broad rally on a delayed reaction to Tuesday’s news about more Brazilian mine suspensions. Spot was up. Paper flat overnight. Steel rallied: Chinese port inventories are at 127.65, adequate only: Not much else to say. I still think that the risk of an EOFY sell-off is high

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

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MacroBusiness Thursday, June 10, 2021 - 09:00 Source

For years Hellbourne has traded on bogus global liveability indexes. Twenty years ago it was a great city of wide boulevards and uncluttered infrastructure. Even the terrible weather, expressed most commonly in an endless grey lid, seemed a plus as it drove a marvellously creative indoors culture made possible by fantastically cheap everything. But since

The post Stupid liveability index rates Hellbourne top ten appeared first on MacroBusiness.

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Your Democracy Thursday, June 10, 2021 - 08:49 Source

CNNBBCCNNBBC

 

 

 

 

 

 

 

 

 

 

 

 

 

We do our best to try and write something of value here. So it is always distressing when we know about the motives of other journalists is confirmed – over and over again.

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MacroBusiness Thursday, June 10, 2021 - 08:30 Source

Its a big waiting game out in the risk complex right now as traders position for tonight’s US inflation report, with Wall Street stalling again overnight. Bond markets however are rallying with a big move in 10 year Treasuries that seems to be presaging a robust inflation print while the USD is also slowly firming

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Thursday, June 10, 2021 - 07:17 Source

Forex is still range trading as we await tomorrow’s inflation numbers. But bond markets have already made their call. Yields have broken down as markets sell the inflation fact and buy into the MB script. DXY was firm as EUR eased: Australian dollar fell against everything: Gold may be rolling. Oil ain’t! Base metals have

The post Australian dollar falls as inflation goes poof! appeared first on MacroBusiness.

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John Quiggin Thursday, June 10, 2021 - 07:17 Source

That’s the self-explanatory headline for my latest piece in Independent Australia

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The Australian Independent Media Network Thursday, June 10, 2021 - 01:34 Source

I am ashamed to be Australian, and to have to admit that we have a government which refuses to see how the future of this planet depends on ALL wealthy nations – including Australia – planning effectively for global warming. I am not a fool. I have an honours science degree from Imperial College, London,…

The post Morrison must go – ASAP – and so must Albanese appeared first on The AIM Network.

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Club Troppo Thursday, June 10, 2021 - 00:53 Source

Pre 2020, I considered Scott Morrison a political enemy of the policies I wanted for Australia, but since then have sympathised with every attempt he has made to get Australia out of its love-affair with covid-mania. Over the fold is my take on what I think Scott Morrison’s view of the covid-period is and the dilemma that he now faces.

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MacroBusiness Thursday, June 10, 2021 - 00:10 Source

The AFR reported that the proportion of landlords negatively gearing rental properties fell to 58.6% in 2018-19, according to the latest Australian Taxation Office (ATO) statistics. This was the lowest level on record and well down on the peak of 69.6% in 2007-08. There were also 19,113 fewer negatively-geared landlords than in 2017-18, representing the

The post Negative gearing is yesterday’s problem appeared first on MacroBusiness.

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MacroBusiness Thursday, June 10, 2021 - 00:05 Source

CoreLogic has released its June housing chart pack, which reports that the nation’s rental growth has gone vertical, soaring by 5.6% in the year to May 2021: The rise in rents follows the national rental vacancy rate falling to an 8-year low, according to SQM Research: As shown in the next chart, rental growth is

The post Aussie rental growth strongest in 12 years appeared first on MacroBusiness.

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MacroBusiness Thursday, June 10, 2021 - 00:01 Source

Global Macro / Markets / Investing: Bitcoin slides 8% after U.S. seizes most of Colonial Pipeline ransom – CNBC AI-Powered Stock Market Algorithm Shows Accuracy Up to 90% for the Major US Indexes – Market Watch The Billionaire Class Is a Threat to Democracy – Jacobin Mag Americas: Warren Buffett defends himself after ProPublica says

The post Links 10 June 2021 appeared first on MacroBusiness.

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Renew Economy Thursday, June 10, 2021 - 00:01 Source

Snowy Hydro's Valley gas-fired power station in Tasmania.Energy experts say the cost of proposed Kurri Kurri gas plant could exceed $1b, while the potential benefits have been overblown.

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Renew Economy Wednesday, June 9, 2021 - 22:09 Source

EVs could supply three times Germany's peak demand by 2040 if every one was fitted with vehicle-to-grid technology, says BloombergNEF.

The post EV-to-grid could supply three times peak electricity demand: BNEF appeared first on RenewEconomy.

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Your Democracy Wednesday, June 9, 2021 - 21:23 Source

bang...bang...

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Washington: Although Joe Biden came into the White House promising to work with his political opponents to get things done, the United States Congress has remained as bitterly divided as ever since his inauguration.

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The Australian Independent Media Network Wednesday, June 9, 2021 - 17:38 Source

Those of you drawing sustenance and stimulation from the traditional acronym UFO best brace yourselves. The less exciting and dull term accepted by the defence clerks – unidentified aerial phenomena (UAP) – is renewing its march into the extra-terrestrial hinterland. On June 25, the Pentagon’s UAP Task Force will release a declassified report to Congress…

The post ET, You Bore Me: Unidentified Aerial Phenomena and the Pentagon appeared first on The AIM Network.

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MacroBusiness Wednesday, June 9, 2021 - 17:00 Source

A sea of red across stock market here in Asia following a mixed mood overnight with hesitation possibly turning to fear across the risk complex as the US inflation print looms tomorrow night. The USD remains in a weakish state as Euro and Pound Sterling start to firm going into the London session, although gold

The post Macro Afternoon appeared first on MacroBusiness.

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Peter Martin Wednesday, June 9, 2021 - 15:52 Source

I’m guessing you earn less than A$200,000.

And I’m guessing you think you’re missing out. People keep telling you so.

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Renew Economy Wednesday, June 9, 2021 - 15:17 Source

The ambitious $2 billion Forest Wind project, set to become one of the biggest in the southern hemisphere, faces 15 month delay.

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Renew Economy Wednesday, June 9, 2021 - 15:15 Source

Solar tax criticised by Tesla and Enphase, the makers of battery technologies the proposal is supposed to support, while networks baulk at removing zero export limits.

The post Victoria, Tesla and Enphase line up against proposed solar export tax appeared first on RenewEconomy.

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