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MacroBusiness Tuesday, January 28, 2020 - 07:16 Source

DXY is back with a safe haven rush: The Australian dollar was destroyed over the past two days: CFTC speculative positions had just moved to their least bearish in two years at -19k. Room now for big downside: Gold is liking it despite DXY: Oil is in deep trouble: So are metals: Big miners tumbled

The post Australian dollar destroyed by virus panic appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 28, 2020 - 00:10 Source

CoreLogic’s dwelling price results for the December quarter reported turbo-charged growth, driven by Sydney and Melbourne where values rose by more than 6% over the quarter: This pace of growth matched or exceeded the growth rates experienced at the heights of the 2015 and 2017 boom periods: Over the weekend, Domain released its price results

The post More confirmation house prices rocketed in December quarter appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 28, 2020 - 00:10 Source

Late Friday I reported on a possible victory for MB: The review recognises that price is an important indicator in establishing whether the domestic market is functioning effectively and considers that the ACCC’s forward LNG netback price series is the most applicable prices when estimating the likelihood and extent of a potential shortfall. As such,

The post A brawl with Big Oil is just what SmoCo needs appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 28, 2020 - 00:05 Source

In August last year, Professor Salvatore Babones released alarming research showing that Australia has by far the highest concentration of international students in the developed world, with around two-and-a-half times the concentration of second-placed United Kingdom and around three times the concentration of third-placed Canada: Since that report was released, the concentration of international students

The post Vice-chancellor: International students a permanent residency scam appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 28, 2020 - 00:01 Source

Global Macro / Markets / Investing: Guggenheim Says Market a ‘Ponzi Scheme’ That Must Collapse – Bloomberg Blackrock announces it’s going to divest half a billion dollars from coal mining companies, signaling coal is a dead industry – The Conversation Cryptocurrencies Remain Niche but Interest in Central Bank Digital Currencies is Soaring – Be In

The post Links 28 January 2020 appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, January 27, 2020 - 23:53 Source

It used to be said that conservatism was essentially selfishness manifested as a political ideology. This ideology took the form of the quip ‘for me and mine, not thee and thine’ in terms of the benefits of society. This defined conservatism, particularly in the three main western pseudo-democracies the US, the UK, and Australia, for…

The post The Dunning-Kruger Party: Modern Tories appeared first on The AIM Network.

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John Quiggin Monday, January 27, 2020 - 14:06 Source

As promised, my article on climate change and the death of libertarianism/propertarianism, in Jacobin.

Conclusion

Global warming is the ultimate refutation of Lockean propertarianism. No one can pump greenhouse gases into the atmosphere while leaving “enough and as good” for everyone else. It has taken thirty years, but this undeniable fact has finally killed the propertarian movement in the United States.

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The Australian Independent Media Network Monday, January 27, 2020 - 11:58 Source

By Keith Antonysen    Australia is many thousands of kilometres from the Arctic Circle, so why should we be concerned? Australia has been experiencing extremes in climate, these being an underlying influence on the strength of drought, catastrophic bushfires, extremes in temperature, major flooding, huge dust storms, and hailstorms. These factors point to a highly…

The post Thawing Permafrost – Should We Be Concerned? appeared first on The AIM Network.

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John Quiggin Monday, January 27, 2020 - 11:33 Source

There have been Australia Days more loaded with fear and foreboding than yesterday’s (in 1942, for example), but not many. Richard Flanagan’s jeremiad in the New York Times might be overstated, but it’s a lot closer to the mark than our appalling Prime Minister’s suggestion that we should take the time to celebrate our greatness as a nation.

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xkcd.com Monday, January 27, 2020 - 11:00 Source

Ina, IL -> Big Hole, TX." alt="If Google Maps stops letting you navigate to (Clay County District) A in West Virginia, you can try Jump, OH -> Ina, IL -> Big Hole, TX." />

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The Australian Independent Media Network Sunday, January 26, 2020 - 23:36 Source

“The link between the fires, drought, and climate change is clear. For decades, climate models have predicted a hotter, drier Australia thanks to the increase in greenhouse gas concentrations in the atmosphere. Were greenhouse gases at pre-industrial levels, natural factors alone would produce a year as hot as 2019 just once every 360 years. But…

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Your Democracy Sunday, January 26, 2020 - 20:13 Source

coltonite   I love Australia.

It’s not a thing you hear too often from progressives. Mostly this is because we don’t go in for the pathetic jingo-nationalist, quasi-militaristic “love it or leave it”-style patriotism that John Howard attempted to link with a love of country.

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MacroBusiness Sunday, January 26, 2020 - 18:52 Source

Miss Australia, 1975, Martin Sharp, Art Gallery of NSW   Macro & Markets Why the coronavirus outbreak could trigger a stock-market pullback – MarketWatch Scientist who simulated the global impact of a coronavirus outbreak says ‘the cat’s already out of the bag’ and calls China’s efforts to contain the disease ‘unlikely to be effective’ –

The post Australia Day supplementary links January 26 – 27, 2020 appeared first on MacroBusiness.

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The Australian Independent Media Network Sunday, January 26, 2020 - 09:53 Source

Today I am supposed to feel proud.  I am supposed to celebrate what it means to be Australian – how we treat each other, our contribution to global efforts to do what is right, our pristine environment and our unique flora and fauna. A safe place to raise our children where all are given the…

The post Today I am supposed to feel proud – so why am I so angry? appeared first on The AIM Network.

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The Australian Independent Media Network Sunday, January 26, 2020 - 09:41 Source

Ok, I’m sure that there are always people who receive honours and you ask how on earth did they get the nod, whereas others you can look at say, “Even though I personally find them an odios reptile, I can see that they have done some things that a rather warped person would see as…

The post Is It Just Me? Amanda Vanstone gets AO in Australia Day Honours! appeared first on The AIM Network.

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THE BLOT REPORT Sunday, January 26, 2020 - 08:59 Source
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Poll Bludger Sunday, January 26, 2020 - 06:06 Source

Evidence a large majority opposes changing the date of Australia Day, even without the IPA's thumb on the scales.

The post Patriot games appeared first on The Poll Bludger.

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Poll Bludger Sunday, January 26, 2020 - 06:01 Source

Queensland state by-elections loom in at least one seat, almost certain to be held on the day of the state's council elections.

The post Queensland state by-election(s) and the Brisbane lord mayoralty appeared first on The Poll Bludger.

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The Australian Independent Media Network Saturday, January 25, 2020 - 23:13 Source

It is being increasingly larded with heavy twists and turns, a form of state oppression in slow motion, but the Julian Assange extradition case now looks like it may well move into the middle of the year, dragged out, ironically enough, by the prosecution.  Curiously, this is a point that both the prosecutors, fronted by…

The post Split Hearings: The Assange Extradition Case Drags On appeared first on The AIM Network.

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John Quiggin Saturday, January 25, 2020 - 18:38 Source

Ross Gittins has a very nice piece in the SMH today, with some kind words about Economics in Two Lessons which he recommends as “the best book to introduce you to economics”. Ross says that the crucial concepts in economics are: Opportunity cost (of course!), the Invisible Hand (roughly, my Lesson One), imperfect competition, market failure and externalities (the microeconomic component of my Lesson Two).

His final para gives the lie to those who imagine economists oppose action to save the global enviroment

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The Australian Independent Media Network Saturday, January 25, 2020 - 16:00 Source

Br Dr George Venturini   Can we do more than highlight, year after year, the lack of representation afforded to people of colour in parliament, in business, in the media? More than that recent spate of Aboriginal and Arab and South-Asian women who have somehow overcome unimaginable odds to get elected to parliament? Or more than…

The post Comedy without art (part 6) appeared first on The AIM Network.

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The Australian Independent Media Network Saturday, January 25, 2020 - 13:05 Source

Most people facing parenthood do so with some trepidation, others with great joy.  All of us hope to be able to give our children a good start in life. But that means such vastly different things to people. For some, it means giving them a job in the family business, setting up trust accounts, giving…

The post Giving our children a start in life appeared first on The AIM Network.

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THE BLOT REPORT Saturday, January 25, 2020 - 09:39 Source

I had a short conversation
online a couple of days ago, where the others arguing against me were asserting
that it was more important to indulge in innovation than to have
sustainability. I tried to convince them that sustainability was all that
mattered and without it, any innovation or anything else would be pointless.
They could not be convinced. This got me thinking about the meaning of words
and how people’s understanding of words varies.

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Your Democracy Saturday, January 25, 2020 - 08:34 Source

dream

Two days into 2020, a 37-year-old Indigenous woman in Victoria died in prison after being remanded in custody on minor charges. Nine days later, a 13-year-old Indigenous girl was held overnight and strip searched by Tasmanian police for allegedly breaking a curfew.

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MacroBusiness Saturday, January 25, 2020 - 07:54 Source

Be warned, folks, this is an advertorial. 2019 was an outstanding year of returns for MB Fund Portfolios, highlighted by our Growth fund up 17.8%; placing it in the top 4 growth Super funds in Australia. In celebration of this, we’re offering Brokerage-Free set-up for any new regular or super portfolio with the MB Fund

The post MB Fund celebration offer appeared first on MacroBusiness.

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Digitopoly Saturday, January 25, 2020 - 06:48 Source

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The Australian Independent Media Network Saturday, January 25, 2020 - 06:00 Source

With January almost done and dusted the Coalition’s form over the past six and a bit years has shown no signs of improvement. Sincerely, I would much rather be writing about the remarkable advancements the government has made since Scott Morrison came to power. I would gladly take it on the chin and congratulate his…

The post The Coalition makes a miserable start to 2020 appeared first on The AIM Network.

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MacroBusiness Saturday, January 25, 2020 - 00:05 Source

Global Macro / Markets / Investing: Boeings 737 Max crisis was fueled by a shareholder-first company culture – Fortune Hong Kong and the Iran situation may impact prices of Gold and precious metals – Gold Silver Bitcoin FT: Is inflation higher than central banks think? – FT Alphaville Planet Just Had Costliest Decade for Global

The post Australia Day Holiday Links: 25-27 January 2020 appeared first on MacroBusiness.

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George Monbiot Friday, January 24, 2020 - 21:04 Source

Anyone seeking to defend life on Earth is now labelled an
extremist. Yet the real extremists are those in power.

By George Monbiot, published in the Guardian 22nd
January 2020

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Your Democracy Friday, January 24, 2020 - 18:01 Source

knuckle dragging...   Prime Minister Scott Morrison is telling the people what they want to hear while his approval rating plummets, writes 

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