Blogotariat

Oz Blog News Commentary
MacroBusiness Monday, December 6, 2021 - 12:30 Source

The problem with being an extremist is that you are easily outflanked. The new Labor climate change policy has done just that to the Liar. It has been very well received by the business community and press. The Labor policy is neither overly ambitious nor innovative, but it is politically savvy to the extent that

The post Liar’s climate lies delivers business into Labor’s arms appeared first on MacroBusiness.

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MacroBusiness Monday, December 6, 2021 - 12:00 Source

And just like that, Aussie bonds are back with big gains last week and yields looking decidedly toppy: The curve is flattening fast as growth and inflation prospects fade globally on OMICRON and Fed tightening: The short-end of the curve has flipped to a negative carry with the US: Aussie long-end yields are still completely

The post Aussie bonds boom appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, December 6, 2021 - 11:40 Source

Over the last few days, there has been a full court press by senior Liberals to get Gladys Berejiklian to run against Zali Stegall for the Federal seat of Warringah. This necessarily involves attacking the NSW ICAC for what Scott Morrison described as their “shameful pile-on”. “We have seen plenty of these things and recordings…

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MacroBusiness Monday, December 6, 2021 - 11:30 Source

Chinese coal prices are still trending lower. Seaborne thermal coal has come off its latest spike: Inventories are still normalising: With demand now down materially on the year: China announced higher contract prices to local coal production robust for the future: China plans to raise the benchmark price for long-term coal contracts in 2022 after

The post Chinese energy crunch continues to wane appeared first on MacroBusiness.

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MacroBusiness Monday, December 6, 2021 - 11:00 Source

BofA via ZH with the note: Now that inflation is up from 1.4% to 6.2%, and even Powell admits it is no longer “transitory”, BofA’s CIO Michael Hartnett writes in his latest Flow Show note that inflation is rapidly emerging as an economic and political problem, as he points to a chart showing Biden’s approval rating

The post Global mini-recession and stock shock coming appeared first on MacroBusiness.

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MacroBusiness Monday, December 6, 2021 - 10:30 Source

The latest on the saga consuming Bridgewater is of interest. Last week we saw Ray Dalio blunder into a minefield he should have seen coming: “What they have is an autocratic system and one of the leaders described it that the U.S. is a country of individuals and individualism…in China it is an extension of

The post Get short Ray Dalio appeared first on MacroBusiness.

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Your Democracy Monday, December 6, 2021 - 10:29 Source

zemmourzemmour

French far-right presidential candidate Eric Zemmour has launched his presidential campaign in front of thousands of cheering supporters at a Paris event marred by fighting during his speech.

Zemmour, a 63-year-old author and veteran television commentator, announced on Tuesday that he would run in next April’s election, joining the field of challengers seeking to unseat centrist President Emmanuel Macron.

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The Australian Independent Media Network Monday, December 6, 2021 - 10:22 Source

Stick to the script: owe that duty of care to your population, so the legal experts in government tell you. Self-interest pays, if in small amounts. These rigid, formulaic assumptions have done wonders to harm and deter any spirit of cooperation regarding dealing with the COVID-19 pandemic. History’s record of humanity’s response to plagues, pandemics…

The post Omicron and the Travel Ban Itch appeared first on The AIM Network.

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The Tally Room Monday, December 6, 2021 - 10:15 Source

Up until this point, most of my analysis of the NSW council elections has been contained to one council.

In one sense this makes sense – each local council is its own little polity and has its own stories. Part of what I find fascinating is the details of the stories, and you lose that detail when you try and detect broader trends that go beyond council borders. But it’s still worth looking at what stories tend to pop up again and again.

So here I’m going to look at some common trends that repeat across the 24 big councils.

Local parties going strong

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MacroBusiness Monday, December 6, 2021 - 10:00 Source

The ferrous complex was firm on December 3, 2021 as spot eased but paper and steel jumped: The news of more stimulus coming did the trick. Yawn. Steel output remains terrible but demand has firmed a little according to Mysteel: Perhaps a little bit of infrastructure demand has filtered through. Or not. Nothing has changed

The post Daily iron ore price update (more dead cat bounce) appeared first on MacroBusiness.

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MacroBusiness Monday, December 6, 2021 - 09:45 Source

Victoria has reported over 1500 new cases yesterday, with six new deaths: Vaccination rates continue to climb, although still a bit short of NSW’s fully vaccinated percentage. New cases in NSW pipped just above 200, with vaccination rate almost past the 93% level: Queensland had six new cases yesterday, with vaccination rates lagging, still only

The post Victoria pushing 1000 plus daily COVID cases appeared first on MacroBusiness.

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MacroBusiness Monday, December 6, 2021 - 09:30 Source

Evergrande is back and not in a good way: The embattled developer said in an exchange filing late Friday that it plans to “actively engage” with offshore creditors on a restructuring plan, offering its most explicit acknowledgment yet that its $300 billion of overseas and local liabilities have become unsustainable. A barrage of statements from

The post China to cut rates again as Evergrande goes bust appeared first on MacroBusiness.

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MacroBusiness Monday, December 6, 2021 - 09:00 Source

The Liar has repeatedly underlined his own problem in public. Because his personality is a lie, he only knows how to lie, and the truth strikes him as falsehood. Hence, rather than pursue the bedrock of the national interest, sound policy process and governing, the Liar expends his energy on forcing more lies onto a

The post Liar demands media lie about lies as polls tell truth appeared first on MacroBusiness.

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MacroBusiness Monday, December 6, 2021 - 08:30 Source

Risk markets were fixated on the all-important US unemployment print (non-farm payroll) on Friday night, which disappointed with a big undershoot (200K vs 550K expected), upsetting stock markets which were up 1% or more as Wall Street slumped more than 1% on the print. The bond market continues to broadcast earlier than expected Fed rate

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Monday, December 6, 2021 - 08:00 Source

This weekend marked the second biggest weekend of auctions since CoreLogic began tracking the market in 2008, with a whopping 4136 homes going under the hammer. Australia’s preliminary auction clearance rate fell further to 69.9% from 71.4% last weekend – a figure that will likely fall into the mid 60s once all results are counted:

The post Auction clearances sink under listings flood appeared first on MacroBusiness.

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John Quiggin Monday, December 6, 2021 - 05:28 Source

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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Renew Economy Monday, December 6, 2021 - 04:00 Source

Former Defence Force Chief Admiral Chris Barrie AC (Retd) (Supplied).

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George Monbiot Monday, December 6, 2021 - 03:50 Source

If the government’s amendments to the Police Bill are passed, we are on the path to authoritarianism.

By George Monbiot, published in the Guardian, 1st December 2021

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MacroBusiness Monday, December 6, 2021 - 00:10 Source

Well…that escalated quickly. DXY was firm Friday night and EUR soft: Despite muted major moves, the Australian dollar was slaughtered on the crosses, taking out key support levels for both a bearish descending triangle and head and shoulders top neckline: Oil and gold were volatile but fine: Base metals soft: Big miners were murdered: EM

The post Australian dollar smashed into 60s on strong US jobs appeared first on MacroBusiness.

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MacroBusiness Monday, December 6, 2021 - 00:05 Source

Below is a briefing note that I prepared for Sustainable Population Australia (SPA), which is a non-partisan, special advocacy group that seeks to establish an ecologically sustainable human population. Is there a shortage of skilled workers? Summary Recently there have been calls for a large increase in the skilled migrant intake as borders reopen. This

The post Briefing: Australia’s skilled migrant shortage is a sham appeared first on MacroBusiness.

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MacroBusiness Monday, December 6, 2021 - 00:01 Source

Global Macro / Markets / Investing: Why a four day week could be the future of work – Redaction Politics How Our Online Shopping Obsession Choked the Supply Chain – GQ Being single and living alone is incredibly expensive – VOX BTC Surpasses PayPal in Terms of USD Transactions Volume – Forex Review Oil Prices

The post Links 6 December 2021 appeared first on MacroBusiness.

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Renew Economy Monday, December 6, 2021 - 00:01 Source

Bungala solar farm

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New Politics Sunday, December 5, 2021 - 23:32 Source

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The Australian Independent Media Network Sunday, December 5, 2021 - 18:01 Source

Scott Morrison’s reaction to the Kate Jenkins’ review was to make it very clear that it wasn’t just his side that behaved deplorably towards women.  Whilst no doubt true, it’s a pitiful comeback which invites a response. Remember in 2011 when Tony Abbott attended an anti-carbon tax rally where he spoke in front of placards…

The post Scott Morrison’s #themtoo moment appeared first on The AIM Network.

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The Tally Room Sunday, December 5, 2021 - 16:36 Source

Before I zoom out, I thought I would also highlight some of the smaller councils that grabbed my interest. There are simply too many councils to cover them all, but these are a few that have been sent to me.

Byron

The Greens have held the directly elected mayoralty of Byron since 2004, and have usually held a healthy number of seats on the council. In 2016, Simon Richardson was re-elected as mayor with 49% of the primary vote, while the party won enough votes to elect four councillors, but only ran three other candidates, so missed out on winning a council majority.

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The Australian Independent Media Network Sunday, December 5, 2021 - 15:28 Source

While it may be fair for us, the hoi polloi, to address insults to our politicians because they are unequal to our expectations, it is not so, for those politicians to do the same to each other. We have heard the insult “boofhead” from the leader of the Opposition, Mr Anthony Albanese. It’s not pretty,…

The post So, who’s the boofhead, actually? appeared first on The AIM Network.

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Your Democracy Sunday, December 5, 2021 - 11:37 Source

nothingnothing

Go home, 46th Parliament. You're drunk.

Like the office bore at a Christmas party, the Australian Parliament spent its last fortnight bellowing on about itself, achieving nothing of note and generating eye-rolls from all and sundry.

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The Tally Room Sunday, December 5, 2021 - 10:14 Source

After some spotty live results earlier in the night, I turned last night’s liveblog into a run through of the end-of-night results in some of the biggest councils, covering Bayside to Lake Macquarie alphabetically before collapsing to bed at 1am. Here I go continuing the story.

Liverpool

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Your Democracy Sunday, December 5, 2021 - 07:42 Source

war...war...

The management of the war memorial's controversial plans to drastically reshape the national institution will be put under a microscope over the coming year.

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Your Democracy Sunday, December 5, 2021 - 07:13 Source

paulinepauline

Pauline Hanson cited UK COVID-19 death statistics at a recent 'freedom rally'. But her use of the data is misleading

 

CoronaCheck is RMIT ABC Fact Check's weekly email newsletter dedicated to fighting the misinformation infodemic surrounding the coronavirus outbreak.

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