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Renew Economy Saturday, December 4, 2021 - 12:58 Source

Australian Opposition Leader Anthony Albanese (right) and shadow Minister for Climate Change and Energy Chris Bowen speak to the media during a press conference at Parliament House in Canberra.</body></html>

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MacroBusiness Saturday, December 4, 2021 - 11:28 Source

LeMon3 ‘One of the reasons I live in the country is this photo. Night skys are the most relaxing thing I know – I love to be out there and just look at them. Sometimes I pull out the telescope and look closely, sometimes the camera to get the colour I can’t see by eye

The post Weekend Sundries – 4-5 December 2021 appeared first on MacroBusiness.

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Your Democracy Saturday, December 4, 2021 - 09:13 Source

oil...oil...

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The Tally Room Saturday, December 4, 2021 - 08:00 Source

It’s voting day! I am out and about today but feel free to talk about the goings-on in this thread. I’ll be back at 6pm with election night coverage.

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Your Democracy Saturday, December 4, 2021 - 06:34 Source

fryedfryed

The ambush of Bridget Archer is the latest incident of poor behaviour from Josh Frydenberg and he’s now admitted that the ambush was preplanned with Scott Morrison.

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The Australian Independent Media Network Saturday, December 4, 2021 - 06:00 Source

That the people of Australia have lost faith in our system of Government is unsurprising. To say that we are ambivalent about our politicians is an understatement, and we are now ashamed.    To say that our democracy has taken a beating from the hard-Right of Australian politics over the past decade is no exaggeration.   …

The post Democracy: A work in progress appeared first on The AIM Network.

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The Australian Independent Media Network Saturday, December 4, 2021 - 01:13 Source

Omicron, OMG? No worries, Health Minister Greg Hunt is all abreast of the latest threat to public health, even finding time at the end of his statement to parliament to read aloud a letter from Olivia, the mother of Bella, a six-year-old girl in Koo Wee Rup, who is seriously ill, before a half-nelson clinch with…

The post Not a dry eye in the House as rats abandon ship. appeared first on The AIM Network.

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MacroBusiness Saturday, December 4, 2021 - 00:01 Source

Global Macro / Markets / Investing: CEOs across the market, economy agree on one 2022 prediction: More volatility, no end to Covid – CNBC If You Think the Great Resignation Is Bad, Just Wait Until January – INC Virtual Land in the Metaverse Is Selling for Millions of Dollars – Singularity Hub What the Omicron

The post Weekend Reading: 4-5 December 2021 appeared first on MacroBusiness.

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Club Troppo Friday, December 3, 2021 - 23:27 Source

This is an essay I wrote in 2005 which I don’t think I’ve published on Troppo, and since it’s my journal of record, I’m now doing so.

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The Australian Independent Media Network Friday, December 3, 2021 - 18:39 Source

There is nothing more infuriating, and typical, than hearing the things you care about being dismissed by affluent white men in power as “woke identity politics”. The wonderful Uluru Statement from the Heart has been dismissed as such.  Instead of using this blueprint to move forward, the men run scared at this perceived assault on…

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Your Democracy Friday, December 3, 2021 - 17:38 Source

deaddead

Russiagate, that fraudulent fable wherein Russian President Vladimir Putin personally subverted American democracy, Russian intelligence pilfered the Democratic Party’s email, and Donald Trump acted at the Kremlin’s behest, is at last dead.

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MacroBusiness Friday, December 3, 2021 - 17:30 Source

Asian stock markets are putting in fairly solid returns for the last session of the week in the wake of solid moves overnight on Wall Street.  The USD remains strong against all the majors as the Australian dollar is still in a depressed mood, unable to get back above the 71 cent level. Bitcoin is

The post Macro Afternoon appeared first on MacroBusiness.

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Your Democracy Friday, December 3, 2021 - 16:42 Source

porterporter

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Your Democracy Friday, December 3, 2021 - 15:58 Source

lawslaws

As parliament wrapped its final sitting week of the year on Thursday, three key pieces of legislation were left looming over the lead-up to the federal election in early 2022.

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Renew Economy Friday, December 3, 2021 - 15:25 Source

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Renew Economy Friday, December 3, 2021 - 15:22 Source

Australian Opposition Leader Anthony Albanese (right) and shadow Minister for Climate Change and Energy Chris Bowen speak to the media during a press conference at Parliament House in Canberra.</body></html>

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Your Democracy Friday, December 3, 2021 - 15:07 Source

hunthunt

One will depart from Parliament a deeply disappointed man, dragged down by scandal, with hopes for a brilliant career dashed by an allegation surfacing from his youth.

The other will leave with a solid record of performance, despite some criticism and ambition for higher things unfulfilled.

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MacroBusiness Friday, December 3, 2021 - 14:36 Source

The Australian dollar just cracked another 13 month low: As yields are bid in: For some bizarre reason, markets are still pricing a positive carry into Aussie yields versus the US, a patently absurd proposition. More from Coolabah Capital: Financial markets are riddled with seemingly intractable inconsistencies right now. Arguably the best barometer of the

The post Australian dollar cracks 13 month low appeared first on MacroBusiness.

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Cheeseburger Gothic Friday, December 3, 2021 - 14:32 Source

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MacroBusiness Friday, December 3, 2021 - 14:00 Source

Australia’s auction market continued to fatigue after a record week of listings: Last weekend’s final auction clearance rate was 68.5%, down from 70.3% the prior weekend off 4,251 auctions (up from 3,720 the prior weekend): As noted by CoreLogic: This week saw Canberra, Adelaide and the combined capital cities all recording their busiest auction weeks

The post Auctions deluge continues to flood property market appeared first on MacroBusiness.

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Renew Economy Friday, December 3, 2021 - 13:30 Source

 Canva).

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MacroBusiness Friday, December 3, 2021 - 13:30 Source

Previously I have published data showing that Sydney house prices are trading at close to all-time highs relative to the other capital cities: Now Cameron Kusher has posted similar data on Twitter showing how Sydney house prices are tracking against the other major capitals. According to Kusher, “in 2007 median house prices in Sydney and

The post Sydney’s housing market is truly bananas appeared first on MacroBusiness.

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MacroBusiness Friday, December 3, 2021 - 13:06 Source

It sounds like Ray Dalio is happy to invest in any regime no matter how egregious: “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 family,” says @RayDalio. “As a top down country

The post Time to Tobin tax Ray Dalio out of China appeared first on MacroBusiness.

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John Quiggin Friday, December 3, 2021 - 13:01 Source

Labor’s commitment to a 2030 target of reducing emissions by 43 per cent is a pleasant surprise. I expected 35 per cent and was confident it wouldn’t be more than 40.

In essence, the 43 per cent target a restatement of the goal taken to the 2019 election. The difference is within the margin of measurement error and appears to reflect the need not to reannounce a policy that had previously been abandoned.

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MacroBusiness Friday, December 3, 2021 - 13:00 Source

Calculated Risk with the note: On Friday at 8:30 AM ET, the BLS will release the employment report for November. The consensus is for 563 thousand jobs added, and for the unemployment rate to decrease to 4.5%. There were 531 thousand jobs added in October, and the unemployment rate was at 4.6%. • First, currently

The post US jobs preview appeared first on MacroBusiness.

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MacroBusiness Friday, December 3, 2021 - 12:40 Source

Below is an article that I wrote this week for News.com.au: This week, CoreLogic recorded another strong 1.3 per cent rise in Australian dwelling values, with values up an astonishing 22 per cent annually, led by extreme growth in Sydney (25.8 per cent), Brisbane (25.1 per cent) and Adelaide (up 21.4 per cent). This marked

The post Where house prices will outperform in 2022 appeared first on MacroBusiness.

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MacroBusiness Friday, December 3, 2021 - 12:20 Source

The post FriendlyJordies unpacks property’s game of mates appeared first on MacroBusiness.

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MacroBusiness Friday, December 3, 2021 - 12:00 Source

MB has long argued that Australia’s skilled visa program is poorly targeted with the majority of visas granted to professions experiencing an oversupply of workers. According to the federal government’s own historical skills shortage data, engineering has not been in shortage. Yet, the federal government has kept engineers on the skills shortage list, thereby ensuring

The post Half of migrant engineers unemployed despite “shortages” appeared first on MacroBusiness.

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Your Democracy Friday, December 3, 2021 - 11:43 Source

palmerpalmer

It was 12 years ago on Wednesday that Tony Abbott knifed Malcolm Turnbull to become leader of the Opposition and start breaking Australian politics.

It remains broken.

Mr Abbott and his accomplices so poisoned the well that neither of our major parties can propose rational, efficient climate policy.

 

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MacroBusiness Friday, December 3, 2021 - 11:40 Source

Goldman is cautious: With Omicron uncertainty continuing to weigh heavily on markets amid an already sharp pickup in COVID cases, we assess the risks the new variant presents to global (andEuro area and UK) growth. We estimate that a downside scenario in which the variant transmits more quickly and evades immunity against infection more than

The post OMICRON BTFD? appeared first on MacroBusiness.

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