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MacroBusiness
Monday, September 20, 2021 - 13:20
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Two years ago, ABC News reported that Sydney’s toll road network is the most expensive and extensive in the world: …transport experts have given the city the dubious honour of having the most extensive — and expensive — urban toll road network in the world. Sydney has nine toll roads that include a total of The post Transurban “meta-monopoly” tightens stranglehold on Sydney appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Monday, September 20, 2021 - 13:00
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Unusually for Australian dollar trade, it is down sharply in Asia today as CNH falls: The yuan has been remarkably resilient as Chinese prospects have dimmed. It has been some whacko tail-end blowoff of the Fed’s free money flows. It’s not going to last as the PBoC shifts to RRR and rate cuts in due The post Australian dollar sinks as Evergrande drives greenback rally appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Monday, September 20, 2021 - 12:30
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Endless China fanboi, High White, penned a great piece at The Saturday Paper that summarised the nuclear debates over the weekend: If Australia’s submarines were intended primarily to defend Australia and our closer neighbours, then there is no way we’d consider nuclear propulsion. But the navy decided many years ago that the primary role for The post What is this “war with China” of which you speak, Mr White? appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Renew Economy
Monday, September 20, 2021 - 12:29
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Renew Economy
Monday, September 20, 2021 - 12:14
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MacroBusiness
Monday, September 20, 2021 - 12:00
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For those needing a deeper take on things try the following on Evergrande: Societe Generale Nordea Goldman 1 Goldman 2 UBS Enjoy! The post More Evergande than you can possibly imagine appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Monday, September 20, 2021 - 11:40
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Last week, China officially sought to join the 11 member Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which came into effect in late 2019: Beijing seeks to join the 11-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), formerly called the Trans-Pacific Partnership. Chinese Commerce Minister Wang Wentao presented China’s application to New Zealand The post Australia right to block China from TPP trade pact appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Renew Economy
Monday, September 20, 2021 - 11:28
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The Australian Independent Media Network
Monday, September 20, 2021 - 11:27
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After spending 9 years as a Queensland copper, Peter Dutton was elected to Federal parliament at the age of 30 and he has been bumbling around pissing people off ever since. He refused to attend the apology to the Stolen Generations, saying he “regarded it as something which was not going to deliver tangible outcomes… The post Dutton does defence appeared first on The AIM Network. |
MacroBusiness
Monday, September 20, 2021 - 11:17
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NSW recorded 935 new COVID infections over the past 24 hours and four deaths: NSW recorded 935 new locally acquired cases of COVID-19 in the 24 hours to 8pm last night. 1 case was acquired overseas, & 28 previously reported cases have been excluded following investigation. The total number of cases in NSW since the The post NSW daily COVID cases plummet appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Monday, September 20, 2021 - 11:00
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We were fine before it. And we will be fine after it. So disregard the panic coming from the likes of Terry MCrann: …all of those Chinese benefactors outside iron ore are currently on Covid-hold, along with other more “minor” exports which China, unrelated to Covid – apart from perhaps, a certain irritation over a The post Australia will be absolutely fine without China appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Monday, September 20, 2021 - 10:30
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The Reserve Bank of Australia’s (RBA) submission to the House of Representatives Standing Committee on Tax and Revenue’s inquiry into Housing Affordability and Supply suggests that saving for a deposit is the biggest hurdle to home ownership. The RBA shows that while the ratio of house prices to income has soared, especially across Sydney and The post RBA: Saving a deposit the biggest housing barrier appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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Your Democracy
Monday, September 20, 2021 - 10:12
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Australia has defended its decision to scrap a multi-billion dollar submarine purchase from France in favour of a new security pact with the US and UK. |
MacroBusiness
Monday, September 20, 2021 - 10:00
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The latest Newspoll survey shows a profound shift away from the Lib-Lab political duopoly towards minor parties. As shown in the next chart, primary support for Labor has fallen to 38%, whereas it is tracking at only 37% for the Coalition. By contrast, support for minor parties other than One Nation (denoted as ‘Other’) has The post Newspoll: Aussie voters pivot to minor parties as Porter quits appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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xkcd.com
Monday, September 20, 2021 - 10:00
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MacroBusiness
Monday, September 20, 2021 - 09:30
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Full note from Zero Hedge. I agree with the premises but not the conclsuion for another broad stimulus. At least, not yet. Xi appears committed to giving this reform round a genuine crack. Something historic will happen this week: as Beijing warned last week, China’s largest and most indebted property developer, Evergrande, will default on some (or all) The post The full Evergrande maelstrom appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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Cheeseburger Gothic
Monday, September 20, 2021 - 09:14
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My Big Green Egg is still in transit from the US, but I’ve been getting ready. It’s going on the front deck, in the space currently occupied by our sophisticated home defence unit, pictured below. |
MacroBusiness
Monday, September 20, 2021 - 09:09
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Victoria has recorded another 567 locally acquired COVID cases – the highest number this outbreak: Reported yesterday: 567 new local cases and 0 cases acquired overseas. – 39,939 vaccines administered – 50,915 test results received – Sadly, 1 person with COVID-19 has died More later: https://t.co/OCCFTAtS1P#COVID19Vic #COVID19VicData pic.twitter.com/Mp0JUSkTll — VicGovDH (@VicGovDH) September 19, 2021 One The post Victoria’s COVID outbreak swells as reopening roadmap released appeared first on MacroBusiness. |
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MacroBusiness
Monday, September 20, 2021 - 09:00
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The Evergrande saga is intensifying daily. The firm’s equity is all but gone. Its debt barely trades. Its sales and assets are crashing in value. Its brand damage is ruinous. Moreover, we have now reached a point of open crisis for the entire Chinese property development sector. Funding spread blowouts are indistinguishable from being frozen. The post Evergrande more Greece than Lehman appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
John Quiggin
Monday, September 20, 2021 - 08:31
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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, September 20, 2021 - 08:30
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Risk aversion roared back on Wall Street on Friday night as sentiment soured once again due to Fed tapering and tax hike concerns domestically, while the Chinese Evergrande saga overshadowed Asian equities. The USD came back stronger against many of the risk currencies as a result, with the Euro and Aussie dollar putting in new The post Macro Morning appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Your Democracy
Monday, September 20, 2021 - 06:35
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Your Democracy
Monday, September 20, 2021 - 06:04
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Never trust the Americans: Europe feels cheated, humiliated, betrayed When Joe Biden became President, he reassured Europe that he is going to reverse Trump's policy of tilting toward Asia-Pacific, and will revive the traditional American policy of considering Europe as the most important ally of America.
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The Australian Independent Media Network
Monday, September 20, 2021 - 06:00
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Come the next election, it’s a fair bet that Scott Morrison will use the pandemic as the reason he and his Coalition partner have been unable to deliver on anything or appropriately act on many unfinished reports, too numerous to mention. Such as how much the Prime Minister knew about Brittany Higgins’ rape allegations. Too busy… |
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Your Democracy
Monday, September 20, 2021 - 05:56
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MacroBusiness
Monday, September 20, 2021 - 00:10
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The Australian Bureau of Statistics (ABS) last week released state population data for the March quarter of 2021, which revealed that Victoria was the only jurisdiction to lose population over the year, with the state losing 42,900 people (a 0.6% decline): At the other end of the spectrum, Queensland added 43,900 people (+0.9%), with the The post Residents flee Victoria at record pace appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Monday, September 20, 2021 - 00:05
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The ferrous complex remained under intense pressure on September 17, 2021 with both spot and paper getting flogged again: There was no movement in Dalain overnight because it is closed for holidays until Wednesday. A circuit breaker if ever there was one needed. My $100 target reached! Where to next? UBS has more: Iron ore The post Daily iron ore price update ($60 here we come) appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Monday, September 20, 2021 - 00:05
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It looks like DXY is revving up to break higher. EUR is plunging: AUD was flushed again Friday night: Gold too, oil held on: Base metals were mixed. The copper chart is developing a bearish down channel and why not? Big miners whoa! EM stocks held on: EM junk is peeling off southwards: Treasuries backed-up: The post Australian dollar epicentre of building global earthquake appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Monday, September 20, 2021 - 00:03
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The nation’s auction clearance rate rebounded further over the weekend, recording a preliminary national clearance rate of 74.6%, up from the prior weekend’s 72.3%. Sydney’s preliminary clearance rate remained rock solid at 82.3% versus 83.8% the prior weekend, whereas Melbourne’s rebounded to 56.4% from 54.5% the prior weekend, but remained weak: According to CoreLogic regarding The post Auction market strong everywhere but Melbourne appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Monday, September 20, 2021 - 00:01
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Global Macro / Markets / Investing: Covid showed us what Keynes already knew – NY Times Global supply chain disruptions driving up cost of unusual assortment of items – News National How World Bank leaders put pressure on staff to alter a global index – The Economist Amazon and Wal-Mart want to become financiers and The post Links 20 September 2021 appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Flexible capacity, delivered through battery storage, pumped hydro and n
Australia's go slow on climate means it faces one of the steepest decarbonisation challenges, but doing so will leave consumers better off.
As Australia turns to nuclear power for its submarines, a UK prototype will test the use of autonomous green hydrogen submarines for freight transport.
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