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Oz Blog News Commentary
MacroBusiness Wednesday, June 16, 2021 - 09:30 Source

The ferrous complex held on June 15, 2021 as many other commodities rolled into the big plunge. Spot was stable, paper up a bit, steel down: Steel was actually down yesterday but I didn’t have prices for a few days. The news is another accident, this time in China where more supply has come off

The post Daily iron ore price update (another accident) appeared first on MacroBusiness.

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MacroBusiness Wednesday, June 16, 2021 - 09:00 Source

Forex last night was a reflection of weakening US data, fading inflation and diving commodities. DXY was firm as was EUR: Australian dollar was hit on all major DM crosses: Oil is to the moon on strong US inventory draws. Gold is caput: Base metals were hammered: Big miners too: EMs stocks were hit: Junk

The post Australian dollar rolls as commodities bubble meets pin appeared first on MacroBusiness.

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MacroBusiness Wednesday, June 16, 2021 - 08:30 Source

Mixed economic news overnight from the US saw Wall Street wobble and turn away from yet another record session high with the latest retail sales much weaker than expected. Currency markets were mixed although Pound Sterling and Aussie dollar fell back against USD while Euro was contained yet again. Bond markets saw a slight increase

The post Macro Morning appeared first on MacroBusiness.

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Renew Economy Wednesday, June 16, 2021 - 07:27 Source

A new report finds some yawning gaps between the deployment of renewables and what's needed to meet climate targets.

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Renew Economy Wednesday, June 16, 2021 - 07:24 Source

Nishi Building ARENA board appointment offices - optimisedAustralia's funding for climate research has shrunk to nearly nothing since LNP took power. Now its directing what little is left to fossils, and it's a sad moment for ARENA.

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Your Democracy Wednesday, June 16, 2021 - 06:48 Source

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George Galloway: After Biden’s addled appearance at the G7, we can only hope he’s never left alone with the nuclear codes...

 

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The Australian Independent Media Network Wednesday, June 16, 2021 - 06:00 Source

I’m inclined to believe that the next election is more likely to be about Morrison than Albanese. If that seems odd to you, then stay with me. In the most recent US Presidential Election, Senator Biden used a low-key strategy focused not on himself but President Trump’s record, policies, actions, offensiveness, and lying.   In…

The post What’s it all about, Albo? Morrison or you? appeared first on The AIM Network.

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MacroBusiness Wednesday, June 16, 2021 - 00:05 Source

Labor knows well the power of mining. The Rudd Government was rolled when it tried to tax it. Now Labor is seeking to mobilise the same power to its own service, and that of Beijing. A few weeks ago, the leader of the opposition, Anthony Albanese blew a loud dog whistle to Australian mining. Actually,

The post Reckless Labor stokes mining civil war to unseat Morrison appeared first on MacroBusiness.

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MacroBusiness Wednesday, June 16, 2021 - 00:04 Source

The ABS yesterday released its property price data for the March quarter, which valued Australia’s dwelling stock owned by households at $7.9 trillion, whereas the total housing stock was valued at $8.3 trillion. As shown below, the ratio of the dwelling stock owned by households against Australian GDP hit a record 4.0 times as at

The post Aussie housing values now four-times larger than economy appeared first on MacroBusiness.

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MacroBusiness Wednesday, June 16, 2021 - 00:01 Source

Global Macro / Markets / Investing: Uneven vaccination rates are creating a new economic divide – The Economist The socio-economic consequences of COVID-19 in the Middle East and North Africa – Bruegel Walton Family, World’s Richest, Raises $2.1 Billion From Walmart Holdings – Yahoo Winners and Losers of the Work-From-Home Revolution – The Atlantic Wall

The post Links 16 June 2021 appeared first on MacroBusiness.

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Cheeseburger Gothic Tuesday, June 15, 2021 - 18:14 Source

It’s not my script. As is my won’t I simply sold off the rights. In this case to Luke Sparke who made an alien invasion movie I rather enjoyed. Luke’s written and rewritten a pilot episode for a TV series, and I got in and messed around with it a bit before multiple book deadlines and then this asthma bullshit took up all my time.

There is some pretty good concept art, but it’s to mine to share. Next time I speak to Luke I’ll see if he’ll let a couple of images out of the locked box.

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Club Troppo Tuesday, June 15, 2021 - 17:32 Source

A few weeks back I was rather taken aback to receive an email which I took to be a hoax:

Hi Nicholas

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Renew Economy Tuesday, June 15, 2021 - 16:52 Source

Macquarie concludes $140 million debt deal for solar tower and parabolic trough portfolio in Spain.

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MacroBusiness Tuesday, June 15, 2021 - 16:30 Source

Asian share markets have diverged with Chinese bourses (except the satellite ASX200) dropping while Japanese stocks are helped along by a much lower Yen as USD continues to strengthen against the major currencies. Gold is struggling after selling off overnight and is barely moving at the $1866USD per ounce level with traders of all sorts

The post Macro Afternoon appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, June 15, 2021 - 15:44 Source

By TBS Newsbot   This morning, the Minister for Immigration announced that the family from Biloela will reside in Australia. The reality is quite different. This morning, we suddenly had the whiff of change, as the Minister for Immigration Alex Hawke proclaimed that the Murugappan family from Biloela will be released from Christmas Island and be…

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