According to Bloomie, hedge funds are long the Australian dollar: Leveraged funds hold a net long position of 20,509 contracts in the currency. Various hedgies talked their own book for higher on the forthcoming speech by Phil Lowe and the next jobs report. Actually, the overall market is now short the AUD by 9k contracts
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Global Macro / Markets / Investing: The Profit Paradox’ Details How Lack Of Competition Warps Economies – Benzinga Will poorer countries benefit from international tax reform? – The Economist BlackRock isn’t to blame for the dumpster fire housing market – VOX Fed balance sheet tops $8 trillion for first time -data – Reuters US Treasuries
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bugsI just spent the afternoon plotting and scheming out my next 12-18 months, which is something I do after a big deadline. Two of them in this case. The major edit of The Shattered Skies, and finalising a new series for Audible.
WW3.1 now moves up into my primary project slot, which means it gets the best of my attention for about four to five hours in the morning, Monday to Thursday. (Friday is for ranting over at ASB). This series will probably remain my primary until all three novels are finished in the next twelve months
By 2353NM Australia has been fortunate through the COVID-19 pandemic. The infections and deaths due to COVID-19 have been far less than others by percentage of population, the economy is apparently returning to some form of normal and life is not greatly impacted for most Australians on a day-to-day basis. Recent history will suggest that…
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Now even SBS has joined the populist throng of mainstream media journalism, reflux and regurgitation on COVID vaccination. ‘How to talk to someone who is hesitant about the coronavirus vaccine’ by Jennifer Scherer, SBS News, 13 June 2021. It seems all of us have a duty to perform in how we approach the COVID vaccination…
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My father Fred was born Fritz Heinz Georg Grün to a family living at Reisnerstrasse 5, Vienna on 14th June, 1921 making today the centenary of his birth. Accordingly I’m reposging a speech I gave at the unveiling of the portrait of him by his good friend Erwin Fabian in Hay concentration camp * not long after they both arrived. Erwin died less than a year ago aged 105.
While the G7 meeting was unremarkable, there are growing signs of action on coal phaseout - particularly among Australia's biggest coal customers.
Nadesalingam (Nades) and Priya are two Tamils who arrived in Australia separately in 2012 and 2013 by boat after fleeing what amounted to a 26-year long civil war in Sri Lanka. The government granted them temporary protection visas while their claims for asylum were assessed. Both of them moved to Biloela, in Queensland, in 2014, which had a meatworks that had a reputation for employing new migrants and asylum seekers. They met there, got marries and had two daughters, Kopika (born May, 2015) and Thaarnica (born June, 2017)1.
With the US inflation report out of the way, Friday night saw the go signs flash green on stock markets while the USD pounced back on no major news against the major currencies, although the latest US Michigan consumer sentiment survey surprised to the upside. Bond yields saw new lows with 10 year Treasuries again
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CoreLogic’s preliminary report on the weekend’s auctions reported a higher clearance rate as Melbourne reopened. The national preliminary clearance rate rose to 77.4% from 73.5% the prior weekend. However, this was off significantly lower auction volumes, down to 1,426 from the prior weekend’s 2,691, owing to the Queens’s Birthday long weekend. Sydney continued its strong
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Back again with another Monday Message Board.
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The Weekend AFR gave its strongest indication yet that the Morrison Government will use Treasury’s upcoming Intergenerational Report (IGR) as ammunition to reopen the mass immigration floodgates: This month’s Intergenerational Report will be “used to reinforce the government’s case to boost immigration once the pandemic ends”. “It will show the country is getting older, more
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Global Macro / Markets / Investing: Standard Inflation Theory Leaves Out Social Conflict and Costs – Ineteconomics Will poorer countries benefit from international tax reform? – The Economist BlackRock isn’t to blame for the dumpster fire housing market – VOX Fed balance sheet tops $8 trillion for first time -data – Reuters Global food prices
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