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Renew Economy Monday, January 25, 2021 - 09:37 Source

To mark the one-year anniversary of Australia's Black Summer bushfire season, a new outbreak of misinformation is spreading uncontrollably.

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MacroBusiness Monday, January 25, 2021 - 09:30 Source

Via Chris Joye: The challenge for monetary policy is that conventional tools are tapped out. The RBA’s main policy lever, the overnight cash rate, has hit its effective lower bound at 0.1 per cent. Two of its unconventional levers – the circa $200 billion Term Funding Facility (TFF) and the yield curve control policy that

The post The long future of RBA QE appeared first on MacroBusiness.

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MacroBusiness Monday, January 25, 2021 - 09:30 Source

Friday night saw the release of the latest PMI surveys on both sides of the Atlantic, with the US print unexpectedly higher but that economic recovery didn’t help risk markets higher with Wall Street finishing the trading week on a sour note. The USD came back slightly in defence while US Treasury yields lowered slightly,

The post Macro Morning appeared first on MacroBusiness.

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Renew Economy Monday, January 25, 2021 - 09:25 Source

Electric vehicle sales in China and Europe reach critical point as adoption curve takes off.

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MacroBusiness Monday, January 25, 2021 - 09:00 Source

Let’s get the cards on the table. I am a progressive, small “l” liberal who believes in free markets, free trade, firm regulation where it makes sense such as finance, strong public funding where it makes sense such as education, infrastructure and health and free people plus the freedom of speech. It’s not complex, is

The post Australia’s radicalised left may be the world’s biggest dills appeared first on MacroBusiness.

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John Quiggin Monday, January 25, 2021 - 08:51 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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THE BLOT REPORT Monday, January 25, 2021 - 08:08 Source

In another ludicrously ignorant piece, Rowan Dean, the silliest little fellow from the Sky After Dark (SAD) menagerie, said “This summer I have had a Road to Damascus style conversion, yes folks I am now a firm believer in climate change. My entire summer holiday was a victim of catastrophic climate change; it was so damn cold, so wet and so miserable every single day[,] that I spent most of my summer with the heater on, rugged up in ugg boots and tracky dacks staring at the wet drizzle outside wondering when it was ever going to stop”1. Again, he demonstrates his inability to understand the difference between weather and climate.

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Your Democracy Monday, January 25, 2021 - 06:25 Source

odyssey

“Wherefore we find our adventurer Odysseus stirring, his patience at an end. His black ship is run down to the water. He calls for mariners”...

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George Monbiot Monday, January 25, 2021 - 04:44 Source

Long Covid is devastating the health and lives of many thousands of people, and highlights the terrible neglect of patients with chronic conditions such as ME/CFS.

By George Monbiot, published in the Guardian 22nd January 2021

Perhaps to a greater extent than at any point since the first world war, we find that our lives do not matter to those who govern us. Boris Johnson scarcely seeks to disguise his insouciance and callousness. He hardly mentions the astonishing death toll caused by his mishandling of the pandemic: to acknowledge it would be to acknowledge his responsibility.

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MacroBusiness Monday, January 25, 2021 - 00:20 Source

It’s not new. We’ve seen it before. Every attempt fails. But a new plan is afoot to end China’s real estate driven growth addiction that keeps Australian iron ore above $30. Via Societe Gereral: Policy directions in 2021: normalisation, de-risking and reforms The Central Economic Work Conference reiterated policymakers ’intention to continuing with policy normalisation

The post China plots the doom of iron ore appeared first on MacroBusiness.

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MacroBusiness Monday, January 25, 2021 - 00:10 Source

From Friday: Current yuan exchange rate is within a reasonable and balanced range,” the State Administration of Foreign Exchange (SAFE), China’s fx regulator, said in a statement on Friday. “Changes in international markets could lead to more fluctuations in China’s foreign exchange market.” “Will step up monitoring on cross border capital flows and risk assessment.”

The post Did China just end the Australian dollar bull run? appeared first on MacroBusiness.

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MacroBusiness Monday, January 25, 2021 - 00:01 Source

Global Macro / Markets / Investing: Two-thirds of people in advanced economies are poorer than their parents – Market Place Amazon’s union vote to be conducted in-person because mail-in voting deemed too susceptible to fraud. – Bloomberg Stakeholder Capitalism: How to create a kinder, caring economy – Sunday Guardian With Democrats in Control, Investors Are

The post Links 25 January 2021 appeared first on MacroBusiness.

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Your Democracy Sunday, January 24, 2021 - 21:15 Source
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John Quiggin Sunday, January 24, 2021 - 18:12 Source

That was the headline I suggested for my latest article in Independent Australia. The editors went with the more informative “The Biden Presidency will usher in a time for change and Australia should follow

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The Australian Independent Media Network Sunday, January 24, 2021 - 16:53 Source

By Denis Bright   Progressive members of Joe Biden’s caucus are ready to implement their change agenda. But how much change is in the latest political storms? In the traditions of The Wizard of Oz, Dorothy Gales encounters with elites might land the current crews of actors back in the same old Kansas. Dorothy’s tilt at…

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The Australian Independent Media Network Sunday, January 24, 2021 - 15:47 Source

One crackling theme streaking through the US elections of 2020 was the issue of mask wearing. Critics initially felt that facemasks were of the too important category in combating the novel coronavirus: purchasing and using them was tantamount to prizing valuable protective equipment from doctors and frontline workers. But COVID-19 continued to rage, and various…

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John Quiggin Sunday, January 24, 2021 - 15:40 Source

The requirement that the rate of growth exceeds the rate of interest on government debt may be written algebraically as g > r. Readers of Piketty’s Capital in the 21st Century will recall that he places a lot of stress on the opposite formula r > g. What is going on here? The answer, in simple terms, is that Piketty is talking about the rate of return to investment, and more particularly the rate of return earned by high-wealth investors. This rate is as much as 6 percentage points higher than the rate of interest on government bonds.

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Your Democracy Sunday, January 24, 2021 - 15:37 Source

lit

Why Burn Books When You Can Ban Them? Writers and Publishers Embrace Blacklisting In An Expanding American Anti-Free Speech Movement

 

 

by JONATHAN TURLEY

 

 

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The Australian Independent Media Network Sunday, January 24, 2021 - 12:34 Source

As the Senate inquiry into the Digital Media Code began on Friday, Greens senator Sarah Hanson-Young has expressed her displeasure over the lack of negotiating spirit Facebook and Google have brought to the halls of Parliament in Canberra. In fact, after Day 1’s proceedings were completed, Hanson-Young, in her role of chairing the Senate inquiry,…

The post Inquiry’s bumpy ride awaits, after tech giants’ “blackmail” tactics appeared first on The AIM Network.

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MacroBusiness Sunday, January 24, 2021 - 11:30 Source

Jeremy Grantham on the hustings again: A few points: Roughly speaking, I agree with Grantham. Especially on growth stocks. But, this is a very unusual circumstance in-so-far-as the principles of capitalism have themselves been suspended. As such, the support to the bubble is more than just “rising sentiment”. It is real and fundamental to the

The post Grantham: Huge stock bubble about to pop appeared first on MacroBusiness.

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Your Democracy Sunday, January 24, 2021 - 07:29 Source

orwell

“There was truth and there was untruth, and if you clung to the truth even against the whole world, you were not mad.”

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The Australian Independent Media Network Saturday, January 23, 2021 - 20:08 Source

“There is,” said an Italian philosopher, “nothing more difficult to take in hand, more perilous to conduct, or more uncertain in its success than to take the lead in the introduction of a new order of things.” When the world needs inspiration, courage, integrity and resolve, we are dished up leaders like Trump, Boris and…

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The Australian Independent Media Network Saturday, January 23, 2021 - 11:00 Source

Continued from: Was COVID-19 born in the United States? (part 1) By Outsider  In late February 2020 financial manipulation had characterised stock market transactions worldwide. The stock value of airlines companies collapsed overnight. Those who had ‘foreknowledge’ of President Trump’s 11 March decision to ban transatlantic flights from European Union countries made a bundle of money.…

The post Was COVID-19 born in the United States? (part 2) appeared first on The AIM Network.

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Your Democracy Saturday, January 23, 2021 - 07:54 Source
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Your Democracy Saturday, January 23, 2021 - 05:50 Source
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MacroBusiness Saturday, January 23, 2021 - 00:01 Source

Global Macro / Markets / Investing: Rise of the superstar firms: Taking oligopoly seriously in macroeconomics – VOX How much UBI spending should go to children? – UBI Centre Stocks Don’t Care About the Coup – The Atlantic Markets upbeat on Yellen’s push for large fiscal stimulus – Business Times Americas: 900,000 filed for jobless

The post Weekend Reading: 23-24 January 2021 appeared first on MacroBusiness.

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The Australian Independent Media Network Friday, January 22, 2021 - 22:58 Source

The time has come to call out American Liberals (corporate political insiders, suburban wine mums and Karens) for the 21st Century aristocrats that they are. These preening dandies, who are usually doing alright financially, obsess over ‘decency, honesty, integrity’, the aristocratic response to liberté, égalité, fraternité. This is their focus. Mere rhetoric. No action, for…

The post Democrats as Aristocrats: Fetishising ‘Decency’ appeared first on The AIM Network.

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The Australian Independent Media Network Friday, January 22, 2021 - 16:52 Source

By John Haly   Just when we thought 2020 was finished, 2021 got off to a foreboding start as Americans attacked their own capitol building in scenes reminiscent of some third world coup.  Fortunately, it was completely unsuccessful. Trump has ignominiously left office with a whimper rather than any fanfare. Still, it is worth reviewing this…

The post Guide to an Insurrection appeared first on The AIM Network.

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MacroBusiness Friday, January 22, 2021 - 16:34 Source

Asian stock markets end the week on a poor note, having absorbed the Biden inauguration and initial policy reversals, with commodity currencies weaker against USD as gold and silver remain relatively steady. Bitcoin briefly dipped below the $30K level but has had a small boost this afternoon, but is this enough to stave off a

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Friday, January 22, 2021 - 15:49 Source

hydrogen plantTasmanian government signs MoU with Woodside to support 10MW electrolyser project, to deliver blended hydrogen in main gas network.

The post Woodside signs MoU to blend Tassie mains gas with green hydrogen appeared first on RenewEconomy.

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