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THE BLOT REPORT Wednesday, June 9, 2021 - 15:05 Source
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Renew Economy Wednesday, June 9, 2021 - 14:39 Source

Tasmania, thanks to its hydro and forests, has reached 100 pct renewables.

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MacroBusiness Wednesday, June 9, 2021 - 14:30 Source

Indeed economist Callam Pickering has updated his job postings data to 4 June 2021, which have softened from recent highs: Victorian job postings have softened in recent weeks and are a bit weaker than the national average, up 38.7% on their pre-COVID level. Job postings across the rest of the nation are also down from

The post Australian job postings soften appeared first on MacroBusiness.

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Renew Economy Wednesday, June 9, 2021 - 14:22 Source

coal miner teslaDaniel Bleakley on why his Coal miners in Teslas video series has been such a hit, and how his Model 3 performance EV is helping to reduce fears about the fu

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Renew Economy Wednesday, June 9, 2021 - 14:22 Source

coal miner teslaDaniel Bleakley on why his Coal miners in Teslas video series has been such a hit, and how his Model 3 performance EV is helping to reduce fears about the fu

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MacroBusiness Wednesday, June 9, 2021 - 14:05 Source

Mwhahah. I have warned that China and commodities are a Mexican stand-off. Because China is the only market that matters in terms of volume for all dirt, it could in theory apply fixed prices and there is not a whole lot anybody could do about it. I have argued this is a risk for iron

The post China to drop jackboot on coal prices? appeared first on MacroBusiness.

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MacroBusiness Wednesday, June 9, 2021 - 14:00 Source

A recent report from the National Agricultural Labour Advisory Committee admitted that Australian farmers’ extreme reliance on cheap migrant labour is having detrimental productivity impacts by preventing farms from adopting new methods and investing in automation: In many ways, Australia is at a crossroads. Either its enterprises go all out to modernise by learning and

The post Labour shortage drives productivity-lifting automation appeared first on MacroBusiness.

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Renew Economy Wednesday, June 9, 2021 - 13:59 Source

Aerial view of cooling towers on power plant - optimisedA brown coal generator in Germany is to close six years early because of high carbon prices.

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MacroBusiness Wednesday, June 9, 2021 - 13:40 Source

Roy Morgan Research has released new data on CBD people movements, which reveals that all CBDs across the Australia are experiencing significantly lower traffic levels than pre-COVID: Not surprisingly, Melbourne’s CBD has been hit hardest following four lockdowns, with the current lockdown pushing people movements to only 19% of ‘normal’ pre-COVID levels. My view is

The post Lockdown plunges Melbourne CBD movements below 20% appeared first on MacroBusiness.

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MacroBusiness Wednesday, June 9, 2021 - 13:20 Source

The ABS has released its Weekly Payroll Jobs and Wages in Australia data for the week ending 22 May 2021, which reported that payroll jobs are now tracking 2.6% above their pre-Covid level, whereas total wages are tracking 3.1% higher: The next table shows the breakdown across jurisdictions, which shows all states & territories reporting

The post Small business payroll jobs fail to launch appeared first on MacroBusiness.

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MacroBusiness Wednesday, June 9, 2021 - 13:00 Source

Another month has gone by and mortgage stress continues to grow, according to Digital Finance Analytics as reported in The AFR: “Many households in stress have less hours worked than they want, and no income growth. Bigger mortgages by first time buyers and equity drawdowns are lifting repayments as lending standards ease and more interest-only

The post Mortgage stress numbers seem implausible appeared first on MacroBusiness.

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MacroBusiness Wednesday, June 9, 2021 - 12:30 Source

Genomic sequencing has confirmed that the outbreak of the highly infectious Delta variant of COVID-19 in west Melbourne has been traced to a returned traveller who arrived from Sri Lanka on 8 May and tested positive for the virus on the same day. The man in his 40s was released from the Novotel Ibis quarantine

The post Another Victorian hotel quarantine failure appeared first on MacroBusiness.

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MacroBusiness Wednesday, June 9, 2021 - 12:30 Source

More Bitcoin voodoo today. What does it say when Donald Trump becomes the voice of reason? Watch the latest video at foxbusiness.com He went on to say that it ought to be “highly regulated”. Outlawed is my preference. It’s nothing more than a worthless private currency swindle made on the principles of regulatory arbitrage. Meanwhile,

The post Trump 100% right about Bitcoin scam appeared first on MacroBusiness.

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MacroBusiness Wednesday, June 9, 2021 - 12:16 Source

Chinese inflation out today. CPI barely worth mentioning. The PPI is where the action is: In May , international crude oil, iron ore, non-ferrous metals and other bulk commodities prices rose sharply, domestic demand recovered steadily, and China’s industrial product prices continued to rise. Here’s the detail: It’s all steel and oil. Undoubtedly, China put a

The post Wild Chinese inflation all commodities bubble appeared first on MacroBusiness.

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MacroBusiness Wednesday, June 9, 2021 - 12:00 Source

With this note from Deutsche: Ronald Reagan (1978): “Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.” Joe Biden (2021): “A job is about a lot more than a paycheck. It’s about dignity. It’s about respect. It’s about being able to look your kid in the

The post We just hit peak inflation hysteria appeared first on MacroBusiness.

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MacroBusiness Wednesday, June 9, 2021 - 11:46 Source

Call it lockdown if you want. What it really is is Morrison Government failure on vaccines and centralised quarantine. Via Westpac: • The Westpac-Melbourne Institute Index of Consumer Sentiment fell 5.2% to 107.2 in June from 113.1 in May. The Index has now fallen by 9.7% over the last two months. We think the initial

The post Morrison COVID fail unravels consumers appeared first on MacroBusiness.

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MacroBusiness Wednesday, June 9, 2021 - 11:30 Source

Policy makers and urban planners have for generations attempted and failed to diversify Australia’s economic activity and settlement away from the cities. These same central planners also regularly touted so-called ’20-minute cities’ where people can live, work and socialise, only for commute times to grow as workers shunted into the CBD on crowded trains and

The post COVID achieves what urban planners could not appeared first on MacroBusiness.

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The Australian Independent Media Network Wednesday, June 9, 2021 - 11:08 Source

Peter Dutton has a particular view on children born in this country of parents who had sought asylum after entering Australia without the proper paperwork. ‘Spud’ called them Anchor Babies. What ‘Spud’ was trying to imply was that asylum seekers who had babies, frequently whilst in detention, did so for the purpose of using their…

The post The life of a little girl and our dignity as a nation, hang in the balance. appeared first on The AIM Network.

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MacroBusiness Wednesday, June 9, 2021 - 11:00 Source

Lordy, already! A few months of three red liens policy and the titans totter. China’s largest property developer, Evergrande, is increasingly on the nose for credit markets: And equity markets: Regulators have instructed Evergrande counterparties to stress test their exposures. Evergrande denies any wrongdoing in its partly-owned Shengjing Bank Co, as well as heavy discounting

The post Chinese mega-developers begin to crack appeared first on MacroBusiness.

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MacroBusiness Wednesday, June 9, 2021 - 10:30 Source

When one sits around all day reading Wall Street research, patterns emerge. One is that professional managers very obviously read one another’s stuff and copy it. Another is that Wall Street likes to find a kernel of truth in some market, blow it out of all proportion, and inflate a bubble so it can front-run

The post Commodities just another Wall Street bubble appeared first on MacroBusiness.

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Your Democracy Wednesday, June 9, 2021 - 10:22 Source

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MacroBusiness Wednesday, June 9, 2021 - 10:00 Source

UBS with the note: April home loans up-crash 86% since May; average OO loan jumps 20% vs Aug The housing market ‘up-crash’ is still accelerating. Home loan values in Apr-21 surged 3.7% m/m, to a record high, up 86% since May-20. Average loan size since Aug-20 jumped 20% for owner-occupiers to $542k; & investors +10%

The post UBS: No mortgage tightening triggers amid super-boom appeared first on MacroBusiness.

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xkcd.com Wednesday, June 9, 2021 - 10:00 Source

Gotten the Ferris wheel operator's attention

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Renew Economy Wednesday, June 9, 2021 - 09:47 Source

 James Zadro/Greenpeace).

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MacroBusiness Wednesday, June 9, 2021 - 09:30 Source

The ferrous complex went a bit haywire yesterday with prices all over the joint. Spot jumped. Paper roared overnight. Steel fell: There’s not much new here. We’re just be pushed around within a range. That said, steel mill margins are still getting belted which is a major warning for iron ore going into EOFY. In

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

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MacroBusiness Wednesday, June 9, 2021 - 09:18 Source

Thank god. My sixth fuckdown will likely end tomorrow tonight: Reported yesterday: 1 new local case, 0 new cases acquired overseas. Got symptoms? Get tested. – 19,533 vaccine doses administered – 28,485 test results received More later: https://t.co/lIUrl0ZEco#COVID19VicData #COVID19Vic pic.twitter.com/wc5BUgm6OK — VicGovDH (@VicGovDH) June 8, 2021 Some restrictions remain and it will be a staged

The post Victorian fuckdown to end appeared first on MacroBusiness.

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MacroBusiness Wednesday, June 9, 2021 - 09:00 Source

Australia’s evolving Cold War 2.0 circumstances continue with stunning speed. The personality-disordered PM is on the hustings today with a new round of China-bashing: Morrison has warned about an emerging struggle between authoritarianism and liberalism. The Indo-Pacific is its epicentre with the rising risk of conflict. He aims to reform the WTO to fight economic

The post Morrison’s post-iron ore economic plan comes from Nauru appeared first on MacroBusiness.

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MacroBusiness Wednesday, June 9, 2021 - 08:30 Source

Stock markets remain in hesitation and consolidation mode as we head into the all important US inflation report with overnight sentiment still mixed. Bond yields pulled back while the USD found some lost ground with gold still unable to clear the $1900USD per ounce level. European data was a little softer than expected, particularly German

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Wednesday, June 9, 2021 - 07:00 Source

Forex is paralysed again as we await the US inflation print on Friday. DXY and EUR were stable: AUD was unmoved against all crosses: Oil’s march slowed as gold fell: Base metals were mixed: Miners too: EM stocks eased back: Junk is fine: US yields are selling the inflation fact: Which is giving growth stocks

The post Australian dollar stalls as markets gripped by deflation appeared first on MacroBusiness.

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Renew Economy Wednesday, June 9, 2021 - 06:41 Source

Scott Morrison UN General Assembly climate change - optimisedInstead of focusing on reducing emissions, Australia's government is putting great effort into greenwashing and twisting statistics. Here's how.

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