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MacroBusiness Monday, September 19, 2022 - 10:00 Source

The ferrous market was soft on September 16, 2022: Chinese data presented on Friday comes from the Book of Revelations. The Chinese property market is melting down. Sales of land and floor area are down two-thirds from COVID peaks. The rolling annual starts chart with sales used as a leading indicator for steel demand is

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

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xkcd.com Monday, September 19, 2022 - 10:00 Source

Someday I just know I'm going to encounter a problem that requires 500 flashlights and 700 knives with weird holes in them, and on that day I won't be caught unprepared.

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Cheeseburger Gothic Monday, September 19, 2022 - 09:41 Source

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MacroBusiness Monday, September 19, 2022 - 09:40 Source

For the last year, all I have heard from China pundits is that its property market will eventually be saved. They have been non-stop wrong. China’s property market has not bottomed. Authorities have been slow to react and did little when they moved. The overriding ideological shift coming from Beijing – of Common Prosperity and

The post Chinese property melts down into history appeared first on MacroBusiness.

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MacroBusiness Monday, September 19, 2022 - 09:20 Source

Risk markets remained in sell mode on Friday night, with US domestic economic data still suggesting the Federal Reserve will be on the war path with more rate hikes. Stocks fell across both sides of the Atlantic and it looks like selling will continue here in Asia on the open. The USD was largely unchanged

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Monday, September 19, 2022 - 09:00 Source

What is wrong with everybody? Canberra need not have any inflation problem. It could be cutting interest rates. It could be rescuing real incomes from an historic shock. All we need to do is break the gas and coal export cartels which are going to be by far the major contributor to the CPI in

The post Evil gas cartel feminises the subject appeared first on MacroBusiness.

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Your Democracy Monday, September 19, 2022 - 08:02 Source

Here’s the real reason that the US wants to sanction China

Washington’s modus operandi is ‘create problem, blame target country, impose sanctions, expand influence’

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MacroBusiness Monday, September 19, 2022 - 00:03 Source

DXY was firm Friday night. It looks like it’s gathering for another spring to me: The all-important CNY held on with the support of better than expected, though very poor, data: AUD held on hopelessly: Oil and gold are not well: Buy base metals if you are an idiot: Miners leaking away: EM stocks broke:

The post Australian dollar heads for Chinese hell appeared first on MacroBusiness.

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MacroBusiness Monday, September 19, 2022 - 00:02 Source

Love him or hate him, Chris Joye is Australia’s best housing prognosticator in Australia and the story he is now telling is spot on: According to this newspaper’s economics editor, John Kehoe, national house price falls of more than 10 to 15 per cent “would likely make Reserve Bank of Australia governor Phil Lowe nervous”

The post Lunatic RBA should be “crapping its dacks” on housing appeared first on MacroBusiness.

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MacroBusiness Monday, September 19, 2022 - 00:01 Source

Global Macro / Markets / Investing: Britain and the US are poor societies with some very rich people – FT World Bank warns of global recession next year amid simultaneous rate hikes – Live Mint Scientists debate how lethal COVID is. Some say it’s now less risky than flu – NPR Every Recent Oil and

The post Links 19 September 2022 appeared first on MacroBusiness.

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Renew Economy Monday, September 19, 2022 - 00:01 Source

Liquefied natural gas lng carrier ship with five tanks - optimised hydrogen

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Renew Economy Sunday, September 18, 2022 - 23:46 Source

Delta Electricity Vales Point coal fired power station - supplied 1 - optimised

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Your Democracy Sunday, September 18, 2022 - 22:23 Source

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THE BLOT REPORT Sunday, September 18, 2022 - 15:10 Source

The Australian Broadcasting Corporation (ABC) reportedly sent 27 people over to the UK to ‘cover’ the death of Queen Elizabeth II1, despite Steve Cannane and Isabella Higgins being assigned to the European Bureau of the ABC in the middle of 20212.

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The Australian Independent Media Network Sunday, September 18, 2022 - 14:06 Source

In Vienna, China’s permanent mission to the United Nations has been rather exercised of late. Members of the mission have been particularly irate with the International Atomic Energy Agency and its Director General, Rafael Grossi, who addressed the IAEA’s Board of Governors on September 12. Grossi was building on a confidential report by the IAEA…

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Your Democracy Sunday, September 18, 2022 - 08:14 Source

Reserve Bank boss Philip Lowe wants businesses to offer shoppers more discounts, saying corporate profits must fall to curb soaring inflation and avoid a “damaging” economic downturn.

Speaking to the House Economics Committee on Friday, Dr Lowe said bosses and workers must share the pain of subduing price pressures.

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Your Democracy Sunday, September 18, 2022 - 07:24 Source

Nancy Pelosi, speaker of the US House of Representatives, landed in Armenia on Saturday after several days of clashes between the Armenian and Azerbaijani militaries. Pelosi’s office said that the trip would promote an end to a border dispute that has erupted into conflict twice in the last two years. 

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Renew Economy Sunday, September 18, 2022 - 06:54 Source

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The Australian Independent Media Network Saturday, September 17, 2022 - 22:01 Source

Collingwood lost by a point today… I put that out there in terms of context. Like many supporters, I should have liked them to have won but – in the scheme of things – we won’t be looking for the bodies in mass graves. The only torture was the fact that there was some hope…

The post Saturday Night, Ukraine And Kurt Vonnegut Jnr… appeared first on The AIM Network.

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MacroBusiness Saturday, September 17, 2022 - 21:01 Source

Unconventional Economist ‘I thought I should start adding some photos for Sunday Sundries. Attached are two taken on our road trip today from Melbourne to Taree en route to the Gold Coast (arrive Sunday lunch time). The tunnel photo is Sydney’s North Connex and the other landscape photo is Gundagai’s hills.’     Ritualised Forms

The post Macrobusiness Sundries: 17 – 18 September 2022 appeared first on MacroBusiness.

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Your Democracy Saturday, September 17, 2022 - 19:32 Source

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New Politics Saturday, September 17, 2022 - 15:20 Source

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Your Democracy Saturday, September 17, 2022 - 09:57 Source

Grave news comes to us from the United Nations. The latest Human Development Report (2021–22) records that for the first time in 32 years, the Human Development Index has registered a second consecutive year of decline.

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Your Democracy Saturday, September 17, 2022 - 06:55 Source

It’s the critics of Western empire who actually embody values such as truth, free speech, equality, accountability for the powerful and adversarial journalism.

Have you ever noticed how those who shriek the loudest about tyranny in foreign countries are the same people calling for the censorship and de-platforming of anyone who criticizes the Western empire?

 

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Your Democracy Saturday, September 17, 2022 - 06:30 Source

Supplying Kiev with weapons may be a morally justified thing to do under certain conditions, Pope Francis said on Thursday when asked about nations arming Ukraine.

Speaking to journalists on his plane as he returned from a three-day trip to Kazakhstan, the pope explained that motivation played a key part in judging whether an action was morally acceptable or not.

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The Australian Independent Media Network Saturday, September 17, 2022 - 06:00 Source

Two weeks ago Labor withdrew the $18 million funding for the governor-general’s favoured charity. What angers me most is the secrecy behind this most unusual generosity awarded to the governor general by for prime minister, Scott Morrison. So, what now for a governor-general, battered and bruised by Morrison’s secrets? The future of the Governor General…

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MacroBusiness Saturday, September 17, 2022 - 00:05 Source

Global Macro / Markets / Investing: Switching to renewable energy could save trillions – study – Yahoo Workers’ push to link wage rises to inflation unsettles central bankers – FT U.S. Stocks Close Lower as Investors Eye Next Fed Meeting – WSJ Oil falls on demand concerns, strong dollar – Reuters Did the Market react

The post Weekend Reading: 17-18 September 2022 appeared first on MacroBusiness.

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oecomuse Friday, September 16, 2022 - 22:31 Source

Among the seemingly endless coverage of Queen Elizabeth II dying at age 96 in Balmoral, Scotland, a legal fact gets lost: this event generates exactly zero change in law. There are non-law implications – historical, cultural, symbolic, administrative – but not legal change.

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MacroBusiness Friday, September 16, 2022 - 18:17 Source

  AUD/USD Looks unwell to me…….   EUR/USD   GBP/USD   USD/JPY   West Texas Intermediate   Brent Crude   Gold   Doctor Copper ASX200      

The post Macro Afternoon: 16 September 2022 appeared first on MacroBusiness.

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The Australian Independent Media Network Friday, September 16, 2022 - 16:30 Source

Once the fixated adoration with the late Queen Elizabeth II starts cooling, the accountants of public welfare and decency will be stunned to realise the costs and wealth associated with the royal institution. Her successor, Charles III, is continuing in that vein, a jarring note of wealth and pomp even as prices rise and the…

The post Royal Money: Charles III and the Wealth Dimension appeared first on The AIM Network.

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