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MacroBusiness
Wednesday, December 8, 2021 - 17:00
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Asian stock markets are having very solid returns in response to the big bouncebacks on Wall Street and European shares overnight with the USD retreating slightly against risk currencies with the Australian dollar heading up through the 71 cent level. Meanwhile gold is starting to get momentum after being flat all week, currently pushing through The post Macro Afternoon appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
John Quiggin
Wednesday, December 8, 2021 - 17:00
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While I reconsider what I should write about, I’m also thinking about when to get a Covid booster shot. I had planned to do so in February, six months after my second AZ shot. But now, I’m thinking I should wait until the vaccines have been updated for Omicron, maybe in March. |
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Renew Economy
Wednesday, December 8, 2021 - 15:19
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MacroBusiness
Wednesday, December 8, 2021 - 14:00
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All the fuss over vaccine mandates and scaremongering by the media is being lost in the data that capital cities are actually returning to normal, according to mobile data, and vaccination rates across the country are nearing complete levels. Here’s the latest take from Roy Morgan, where both Sydney and Melbourne are back to nearly The post Workers return to capital cities as vaccination rates grow appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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Renew Economy
Wednesday, December 8, 2021 - 13:39
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Renew Economy
Wednesday, December 8, 2021 - 13:34
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Renew Economy
Wednesday, December 8, 2021 - 13:32
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MacroBusiness
Wednesday, December 8, 2021 - 13:30
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SQM Research are out with their nation-wide residential property listings which showed a fall in November 2021 of nearly 3%, down to 233,716 listings from nearly 240,000 in October. More here: Sydney and Canberra are the two cities to have recorded a rise in listings of 3.2% and 3.9% over the month of November. Over the year, property The post SQM Research: Listings fall throughout November 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
Wednesday, December 8, 2021 - 13:00
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The latest Roy Morgan Business Confidence survey showed a significant dip for November, falling 2% to 113 points, despite lots of lockdowns lifted across the country: Business Confidence in November 2021 is still 3.9pts (+3.6%) higher than a year ago in November 2020 (109.1) but is just below the long-term average of 113.8. Businesses remain The post Roy Morgan: Business confidence continues to drop appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Renew Economy
Wednesday, December 8, 2021 - 12:40
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MacroBusiness
Wednesday, December 8, 2021 - 12:30
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It’s a given that the Fed will hike rates faster than the RBA but by how much? Pantheon with the note: We have had two rate hikes in our 2022 forecast for more than a year, but we’re now adding a third. Our base case now is that the Fed will hike in May, September The post How fast will the Fed hike rates? appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Wednesday, December 8, 2021 - 12:13
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About bloody time: Australia has joined the United States in imposing a diplomatic boycott of the 2022 Winter Olympics in China, citing Beijing’s coercive trade practices as well as its human rights abuses as reasons. Prime Minister Scott Morrison has told reporters in Sydney the decision should come as no surprise. He said any reprisals The post Australia boycotts Beijing Olympics 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
Wednesday, December 8, 2021 - 12:00
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Going into the northern hemisphere winter without much tangible data of what the Omicron variant is doing to the population, plus surging protests against any measure to contain the pandemic, Europe is facing a crisis as case numbers surge past 350,000 per day. From Reuters: Over 15 countries in Europe have reported confirmed cases of The post Europe’s COVID surge accelerates as Omicron spreads appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Wednesday, December 8, 2021 - 11:30
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Several things are obvious about Australia in 2022. House prices are going to slow sharply and commodity prices are going to fall much further. These are dovish for monetary policy but given rates are so low one could still argue that tightening will be needed. But there is one question that you have to answer The post Immigration is the key input into interest rates 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
Wednesday, December 8, 2021 - 11:00
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Not new but some texture around the Liar’s fantastic vaccine ineptitude: New emails reveal how “enthusiastic” Pfizer was to engage with Australia about its COVID-19 vaccine, months before the federal government agreed to buy any doses. Doses were in limited supply during the deadly outbreaks in Victoria and New South Wales this year. The Pfizer-BioNTech The post Liar rejected Pfizer, delivered recession appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Renew Economy
Wednesday, December 8, 2021 - 10:46
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Renew Economy
Wednesday, December 8, 2021 - 10:45
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MacroBusiness
Wednesday, December 8, 2021 - 10:30
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A new study from South Africa: Pfizer Inc.’s vaccine provides less immunity to the omicron variant than to other major versions of Covid-19, according to laboratory experiments that indicate a booster may still help stop the highly mutated strain. Researchers at the Africa Health Research Institute in Durban, South Africa found omicron reduces virus-blocking antibodies The post Study: OMICRON “40-fold” less vaccine effective appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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Renew Economy
Wednesday, December 8, 2021 - 10:30
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MacroBusiness
Wednesday, December 8, 2021 - 10:15
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NSW and Victoria are seeing a short term surge in new daily COVID cases, with over 400 and 1300 respectively with Queensland yesterday have one new locally acquired case Most hospitalised cases and particularly those in ICU are still in Victoria: The post COVID cases continue to surge across Australia 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
Wednesday, December 8, 2021 - 10:00
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The ferrous complex boomed on December 7, 2021 as everything roared on new stimmies. Paper flamed out overnight but this looks like a typically maniacal bear market rally so it could easily go further: However, under the surface, the setup remains dire. China imported nearly 105mt of iron ore in November: But the rolling annual The post Daily iron ore price update (metal mountain) appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Wednesday, December 8, 2021 - 09:30
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Lots of China property news today. Evergrande is going under. So are many of its mates. Dollar funding spreads are worsening again. Stimmies are exciting the market’s useful idiots but policymakers are holding the line. Rather than recap it all, here is a solid take from TSLombard. It’s a little less bearish than I am The post China property “large drag for years to come” 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
Wednesday, December 8, 2021 - 09:30
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Risk appetites increased overnight with very strong results on European markets and Wall Street, both pushing 2-3% in single session gains. The bond market saw another easing in yields as the 10 year Treasury yield headed towards the 1.5% level while currency markets extended their reversal in USD strength but only in risk currencies like 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
Wednesday, December 8, 2021 - 09:17
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After Tuesday's video call, US National Security Adviser Jake Sullivan told journalists Washington was preparing specific robust responses in the weeks ahead if they were required. |
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MacroBusiness
Wednesday, December 8, 2021 - 09:00
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Legal eagles are all over the Liar’s Berejiklian lies: The chair of the Centre for Public Integrity and former NSW supreme court judge, Anthony Whealy, criticised Morrison for dismissing the serious issues raised by the Icac inquiry. …“For Morrison to dismiss that as being of no significance, is to trash integrity and accountability in the The post Liar’s puswad politics spreads mutiny and disgust appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Your Democracy
Wednesday, December 8, 2021 - 08:41
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"If we did the right things, we’d be all walking in sandals, like Jesus Christ in the desert…” — Pa Leonisky.
We hate deserts — and sandals are useless for the warriors.
So, In the West we have invented “philosophies of convenience”, which are ways to morally whitewash what is un-washable.
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MacroBusiness
Wednesday, December 8, 2021 - 08:24
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Ever since COVID, markets have been unhinged and they have not disappointed again. Just as a modicum of sanity threatened, the madness returned in spades. DXY was firm and EUR weak: Australian dollar roared anyway. We shall see now if former support turns resistence: Oil crashed up: Base metals meh: Big miners to the moon! The post Australian dollar soars on BTFD! appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Renew Economy
Wednesday, December 8, 2021 - 07:44
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Your Democracy
Wednesday, December 8, 2021 - 06:42
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Australia will not send officials or politicians to China for the Winter Olympics in a rebuke of Beijing over its human rights record, with a final decision on whether to launch a full diplomatic boycott to be made within days. |
The Australian Independent Media Network
Wednesday, December 8, 2021 - 06:00
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If you were starting from scratch wanting to build an ideal society, what would you include? My thinking on these subjects leads down many roads, some of which are paved with idealism and the direction in which l head. Yes, you may find my ideas a touch idealistically romantic, even simplistic, but that’s where… The post How do we make an ideal society? appeared first on The AIM Network. |
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