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MacroBusiness Monday, June 17, 2019 - 09:00 Source

Spot eased. Paper was bashed Friday night. Steel is going nowhere, a standing warning for the bubble. The charts for June 14, 2019: Reuters has more: China’s Dalian Commodity Exchange said on Friday that it would raise trading limits and margins for the iron ore futures contract for September delivery , effective from June 18.

The post Daily iron ore price update (Dalian pin) appeared first on MacroBusiness.

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MacroBusiness Monday, June 17, 2019 - 08:30 Source

By Chris Becker  Friday night on Wall Street was a mixed bag with strong retail figures pushing the USD and interest rates up, with revisions on previous months also lifted, giving watchers less hope that the Fed will pull down interest rates sooner if the US consumer is still strong. Oil prices blipped higher on

The post Macro Morning appeared first on MacroBusiness.

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Poll Bludger Monday, June 17, 2019 - 06:22 Source

As the finalised Senate results are unrolled one by one, a deep dive into the preference distribution from Tasmania.

The post Tasmanian Senate entrails examined appeared first on The Poll Bludger.

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The Australian Independent Media Network Monday, June 17, 2019 - 06:00 Source

So what did you think would happen when you voted to give another term to a government that had arguably proven itself to be the worst in Australian political history? Did you really expect that good government would start tomorrow? Did you think that after 6 years of deplorable, at times incomprehensible governance, that a…

The post Habits are hard to break. Just ask Scott. appeared first on The AIM Network.

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MacroBusiness Monday, June 17, 2019 - 00:15 Source

Last week I finally got around to watching Pine Gap, the ABC’s excellent geopolitical drama series. It is a terrific primer on the facility, as well as Australia’s position in the melting down relationship between the US and China. But it is also a terrible failure. After six episodes (spoiler alert), it culminates in a

The post Riotous Hong Kong humiliates kow towing Australia appeared first on MacroBusiness.

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MacroBusiness Monday, June 17, 2019 - 00:10 Source

CoreLogic has released its preliminary auction report, which reported a sharp rise in the national clearance rate driven by Sydney and Melbourne. The preliminary national auction clearance rate was 66.4%, well above last week’s preliminary clearance rate of 51.3% and also way above the 52.4% final clearance rate recorded in the same weekend of last

The post Auction clearances surge appeared first on MacroBusiness.

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MacroBusiness Monday, June 17, 2019 - 00:08 Source

ABC Four Corners’ recent report on Australia’s international student trade, entitled “Cash Cows”, provided damning evidence that Australian universities have badly lowered entry and teaching standards in a bid to entice large numbers of lower-quality, full fee-paying international students: “In terms of attracting international students, universities will do whatever they need to do…they are the

The post Universities slash entry standards for international students appeared first on MacroBusiness.

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MacroBusiness Monday, June 17, 2019 - 00:05 Source

Chinese growth numbers for May were out over the weekend and, boy, is the Communist Party flogging a dead horse. Retail sales rebounded to 8.6% but fixed asset investment fell to 5.6% and industrial production hit a record low 5%: But it is under the bonnet where things really start to unravel. Fixed asset investment

The post Chinese growth collapses into steel singularity appeared first on MacroBusiness.

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MacroBusiness Monday, June 17, 2019 - 00:01 Source

Global Macro / Markets / Investing: Trump’s Trade Threats are Really Cold War 2.0 – Counter Punch Saudi energy minister says hopes to balance oil market before next year – Reuters A Morgan Stanley economic indicator just suffered a record collapse – CNBC Study finds that a GPS outage would cost $1 billion per day

The post Links 17 June 2019 appeared first on MacroBusiness.

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Renew Economy Sunday, June 16, 2019 - 20:55 Source

Rooftop Solar panel - supported by victorian budgetAustralian contractor secures deal with Total Eren that protects its capital, if not its margins, on potential cost blow outs at the Cohuna solar farm in Victoria.

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En Passant Sunday, June 16, 2019 - 20:29 Source

Hong Kong socialist Lam Chi Leung in Socialist Worker UK says the current protests sweeping the country show the politicisation of ordinary people

Mass protests in Hong Kong have forced the government to retreat Mass protests in Hong Kong have forced the government to retreat (Pic: PA)

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Your Democracy Sunday, June 16, 2019 - 18:03 Source

swampocracy...swampocracy...

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The Melbourne Urbanist Sunday, June 16, 2019 - 16:02 Source

We can learn lessons from cities like Paris, but we must be wary of the dangers in importing solutions that might work well elsewhere but aren’t matched to local circumstances Is Paris the right model for the Sydney of 2050?

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The Australian Independent Media Network Sunday, June 16, 2019 - 13:31 Source

Josh Frydenberg wants to be the first Treasurer to deliver a surplus in over a decade. But there is an increasing risk that he will also be the first Treasurer to deliver a recession in over three decades. Despite Josh’s assurances that “the fundamentals of the Australian economy remain sound”, recent signs are not looking…

The post Would you like a recession with that surplus? appeared first on The AIM Network.

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Your Democracy Sunday, June 16, 2019 - 11:21 Source

peterson

The circus for the next Democrat president hopeful is on. 

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Your Democracy Sunday, June 16, 2019 - 09:36 Source

golf

(LONDON) — One of seven contenders to replace British Prime Minister Theresa May quit the Conservative Party leadership race on Friday, as front-runner Boris Johnson was accused by rivals of trying to dodge media scrutiny.

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THE BLOT REPORT Sunday, June 16, 2019 - 09:34 Source

Most people would have heard of Israel
Folau’s transgression on Instagram, where he stated: “Warning: Drunks, Homosexuals, Adulterers, Liars, Fornicators, Thieves,
Atheists, Idolators: Hell Awaits You. Repent! Only Jesus Saves.” This caused
him to lose his contract with Rugby Australia and NSW Rugby, because it
breached the Professional Players Code of Conduct1. This was not so
much because he denigrated drunks and others who more or less choose how to
behave, but because he also stated that homosexuals will go to hell. This is

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Skepticlawyer Sunday, June 16, 2019 - 09:14 Source

I recently read, in quick succession, “Whiteness as Property” published in 1993 by Cheryl L.

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John Quiggin Sunday, June 16, 2019 - 04:47 Source

Adani is getting on with the job of building its Carmichael coal mine as opponents prepare for a renewed campaign of protests.

That’s the lead in this SMH story about the Carmichael mine. But the picture released is the same yellow grader that’s been there for months.

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The Australian Independent Media Network Saturday, June 15, 2019 - 18:38 Source

One of my pet hates is people who respond to the headline and don’t actually read what I’ve written. Yes, yes, I know that one can argue that headlines should actually reflect what one is writing but I have three problems with this: Often the headline isn’t chosen by the person writing. I’ve found that…

The post Drilling The Great Barrier Reef For Oil… appeared first on The AIM Network.

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The Australian Independent Media Network Saturday, June 15, 2019 - 16:00 Source

By Dr George Venturini   The United Kingdom has one of the highest rates of poverty in the industrialised world, with 4 million (almost one in three children) currently living in poverty. This number has increased dramatically in the last 30 years. (Poverty in the UK: a guide to the facts and figures, 22 March 2018,…

The post A cast of characters: The Monarchy (part 8) appeared first on The AIM Network.

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En Passant Saturday, June 15, 2019 - 12:10 Source

The Australian and other Murdoch outlets have been running a faux University freedom campaign for years now. As they lose more and more ‘sensible centre’ journalists – how much longer can Peter van Onselen stay there more or less on his own? – they seem to have become more strident in their condemnation of cultural Marxism, our takeover of Universities, education, and the like.

Apparently our Gramscian march through the Universities continues unabated. Let me interrupt their wet dreams with some personal reality of my march through the universities.

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The Australian Independent Media Network Saturday, June 15, 2019 - 11:25 Source

Speaking to a business audience in London, our work experience Treasurer Josh Frydenberg informed them that achieving a surplus was his primary goal regardless of what is happening in the economy. When asked if he would consider pushing back next year’s projected budget surplus if, as economists predict, the economy continued to weaken, Frydenberg answered…

The post I have a bad feeling about this appeared first on The AIM Network.

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Harrangue Man Saturday, June 15, 2019 - 10:09 Source

In a small Texan town Murf King and friends voted to make their dale an abortion free zone. It didn't have a clinic so perhaps they were trying to stop drive by terminations.Murf is a fat old white man and so is the rest of the council. Murf cannot have abortions and neither can his friends.Not every legislature can have someone with a lived experience of something being voted on---that's where asking questions and understanding how people not like you can have motivations that are not yours matters.

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Your Democracy Saturday, June 15, 2019 - 10:01 Source

truporan

Many believe war with the Islamic Republic of Iran has been the dream of some hardcore neocons in Washington since at least 2001.

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The Australian Independent Media Network Saturday, June 15, 2019 - 06:00 Source

1 The phrase “Back to you Barrie” is synonymous with the ABC Sunday Morning political program Insiders. Last Sunday saw the retirement of its co-founder and long-time host Barrie Cassidy. Cassidy had a prodigious knowledge of politics and the intrigue that surrounds it. To say that I will miss Cassidy’s hosting of the program would…

The post Breakfast without Barrie appeared first on The AIM Network.

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MacroBusiness Saturday, June 15, 2019 - 00:10 Source

The DXY bull returned Friday night as CNY and EUR sank: The Australian dollar is breaking down to multi-year lows against all three major developed currencies: It even sank versus EMs: Markets are still very short Aussie at -63k contracts: Gold tried and failed to break out as DXY rallied: Oil firmed on Iran tensions:

The post Australian dollar hammered as global shocks multiply appeared first on MacroBusiness.

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MacroBusiness Saturday, June 15, 2019 - 00:10 Source

Global Macro / Markets / Investing: Bitcoin causing carbon dioxide emissions comparable to Las Vegas or Hamburg – Science Daily Why are we still pretending ‘trickle-down’ economics work? – The Guardian Official Goes Rogue, Says Climate Change May Cause Next Financial Crisis – Vanity Fair World’s Retirees Risk Running Out of Money 10 Years Before

The post Weekend Reading: 15-16 June 2019 appeared first on MacroBusiness.

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MacroBusiness Saturday, June 15, 2019 - 00:03 Source

By Leith van Onselen The sudden sharp decline in Chinese tourists and international students has caught Australian authorities off-guard, raising painful memories of when booming Japanese arrivals slowed suddenly in the late-1980s. From The AFR: …the narrative that the boom is going to last forever is no longer accurate. China’s economy is slowing and its

The post “China forever” international student and tourism boom turns bust appeared first on MacroBusiness.

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MacroBusiness Saturday, June 15, 2019 - 00:02 Source

Via Shane Oliver at AMP: Introduction While some have expressed surprise at the recent resilience in the value of the Australian dollar around the $US0.69-0.70 level despite weak Australian growth and Reserve Bank rate cuts, from a big picture sense it has already fallen a long way. It’s down 37% from a multi-decade high of

The post Shane Oliver: Australian dollar to fall to 0.65 cents appeared first on MacroBusiness.

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