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MacroBusiness Thursday, May 7, 2015 - 00:05 Source

Cross-posted from Investing in Chinese Stocks. Yesterday, a headline article at iFeng discussed a possible crash in May and right on cue, stocks dropped. Today, Xinhua News published four articles today telling investors not to panic and to BTFD. Article 1: China’s Slow Bull 常规降温遭过度解读 A股将慢牛 Over 1000 stocks fell more than 4% on Monday,

The post Official China media panics to prevent panic appeared first on MacroBusiness.

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MacroBusiness Thursday, May 7, 2015 - 00:04 Source

From Capital Economics via FTAlphaville: The level of reserves is unaffected by changes to the RRR. It also doesn’t change when new deposits are created through the issuance of bank loans. When a bank credits a borrower with a new deposit, it doesn’t have to “lock” anything up. Instead, the relationship runs in the other

The post Understanding Chinese QE appeared first on MacroBusiness.

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MacroBusiness Thursday, May 7, 2015 - 00:01 Source

Global Macro / Markets / Investing: Fed Chair Yellen “kills the music”, say equities too high, and they drop! ZH Charting the big moves in the markets – Bloombergs (reads like my TW piece on Monday…) Oils rebound is extending, how far can it go? FT (I do remember saying a 50% rally is not

The post Links 7 May 2015 appeared first on MacroBusiness.

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The Failed Estate Wednesday, May 6, 2015 - 22:16 Source

It’s now four years since the US journalism academic Jay Rosen decried at the Melbourne Writers’ Festival about the “cult of savvy” in political journalism and the treatment of politics as a game for insiders. What’s changed since? Not much, … Continue reading →

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The Australian Independent Media Network Wednesday, May 6, 2015 - 19:58 Source

After today’s shock Greens leadership change, new leader Richard Di Natale has been quoted as saying he wants the Greens to be ‘the natural home of progressive mainstream Australian voters’. Fine. I can see where Di Natale is going with this. This is code for ‘I want the Greens to challenge Labor as the left-wing major party’. The Greens have always wanted to replace Labor and now Di Natale is being more straight talking about this than previous Greens leaders Milne and Brown.

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Wednesday, May 6, 2015 - 17:15 Source

After a fast moving day of politics the Victorian Senator is now the head of his party, but don't expect him to be reading any Marx into Hansard.

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Wednesday, May 6, 2015 - 16:23 Source

There was much relief and rejoicing in March when Health Minister Sussan Ley and Assistant Minister Fiona Nash announced that funding for 112 Aboriginal and Community Controlled Health Organisations (ACCHOs) had been secured for the next three...

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MacroBusiness Wednesday, May 6, 2015 - 15:57 Source

Chris Weston, Chief Market Strategist at IG Markets You always know when global markets are seeing moves from funds into cash and many of the year’s consensus trades are being unwound that Chinese markets will rally. This phenomenon has played out again today, which is interesting after yesterday’s monster moves lower in the Shanghai Composite

The post ASX at the close appeared first on MacroBusiness.

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Renew Economy Wednesday, May 6, 2015 - 15:51 Source

If the Saudi's can diversify from fossil fuels, anyone can: That was the frank message delivered to the Abbott government by UNFCCC chief Christiana Figueres, in a speech urging them to show leadership on climate action. Greg Hunt's response? ...

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Wednesday, May 6, 2015 - 15:50 Source

A recent rise in anti-social behaviour is due in part to a lack of government investment, says a local councillor.

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Renew Economy Wednesday, May 6, 2015 - 15:42 Source

Hope grows of resolution to renewable energy target this week. That - and the prospect of cheap battery storage - will be bad news for coal generators.

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Renew Economy Wednesday, May 6, 2015 - 14:29 Source

ACT launches EOI process for up to 50MW of 'next generation' solar with storage to be located in or around the ACT.

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MacroBusiness Wednesday, May 6, 2015 - 14:20 Source

by Chris Becker Are European stocks turning Japanese? The very high correlation between the USDJPY and the Nikkei 225 stock market has long been observed, where a weakening Yen supports higher stock prices (and vice versa, obviously): And now it looks as long positions in USD unwind and QE begins in Europe, which is ultimately

The post Is Europe turning Japanese? appeared first on MacroBusiness.

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Renew Economy Wednesday, May 6, 2015 - 14:20 Source

New Greens leader Richard di Natale is a former GP and champion of science, the political status of which, he says, has been distorted by lobby groups.

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MacroBusiness Wednesday, May 6, 2015 - 14:07 Source

From COMMSEC: The apparent consumption of alcohol consumed in the form of beer fell from 4.04 litres of pure alcohol per person (aged 15 years or more) to 4.01 litres in 2013/14. It was the lowest result in 68 years. Consumption of full-strength beer fell from 3.32 litres to 3.28 litres; mid strength lifted from 0.58

The post Teetotaling nation appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 6, 2015 - 13:33 Source

Cross-posted from The Conversation. While wind and solar power have made great strides in recent years, with renewables now accounting for 22% of electric energy generated, the issue that has held them back has been their transience. The sun doesn’t shine at night and the wind doesn’t blow year-round – these are the mantras of

The post Tesla battery begins end for fossil fuels appeared first on MacroBusiness.

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MacroBusiness Wednesday, May 6, 2015 - 13:16 Source

BHP and RIO are both down marginally and FMG is up a few percent as iron ore shares struggle to keep pace with racing futures. To the indexes: The idiocy spreads are a little wider, though the RIO/BHP “moron cross” has reversed with the rising oil price:   Juniors are unchanged: Dalian futures are unchanged

The post Big iron equity stalls as futures power on appeared first on MacroBusiness.

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Wednesday, May 6, 2015 - 12:45 Source

Photo from @ninemsmText of an email sent out by Australian Greens Senator Christine Milne on 6 May 2015:Dear [redacted],I've just stepped out of a meeting with my Party Room colleagues to send you this note. They are 10 of the best politicians I have ever known.

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MacroBusiness Wednesday, May 6, 2015 - 12:07 Source

March retail sales are out and have come in a little softer than expect at 0.3% versus 0.4% expected and down from 0.7% in February.  The annual rate of growth is still a respectable at 4.4%: In monthly terms the big winner was Department Stores: By state it was yesterday’s mining heroes doing the lifting:

The post Retail’s Xmas splurge fades appeared first on MacroBusiness.

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Popular Science Wednesday, May 6, 2015 - 12:05 Source

TaxiBots and AutoVots only sound like toys that you played with in the 1980s that have been turned into a blockbuster movie franchise. They're actually autonomous vehicle concepts used in a study released in April by the Organization for Economic Cooperation and Development. Scientists wanted to plug virtual self-driving vehicles into a model of a real, live city using the data from a day of traffic and see what happened.

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Popular Science Wednesday, May 6, 2015 - 11:59 Source

The call for action to limit antibiotic resistance has never been greater. The World Health Organization has already sounded the alarm and even offered the suggestion for legal measures to ensure all countries do their best to save antibiotics for the future.

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Popular Science Wednesday, May 6, 2015 - 11:59 Source

Humans are incredibly well-balanced machines. As a species, we've mastered bipedal locomotion, which is challenging for other animals as well as the machines we make. Even BigDog, the reigning champion of robots that walk, does so on four legs. ATRIAS, a bipedal robot made by Oregon State University, recently took its first steps outside onto the uneven ground. And like many an undergrad, it did so with several buddies nearby to make sure it stayed upright.

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Popular Science Wednesday, May 6, 2015 - 11:59 Source

As many bird enthusiasts know, bird feeders attract more than just birds. Chipmunks, squirrels, and raccoons also gravitate towards these all-you-can eat birdseed buffets. But what you might not know is that bird feeders tend to attract a certain type of bird--ones that aren't from around here.

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Popular Science Wednesday, May 6, 2015 - 11:59 Source

It's not always fun thinking about the worst-case scenario, but when it comes to human space travel, envisioning the terrible pitfalls that could happen during a mission is a necessity. It's the only way to figure out how to rescue a situation that would otherwise evolve into terrible tragedy.

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Popular Science Wednesday, May 6, 2015 - 11:59 Source

On March 20, a woman in Liberia was diagnosed with Ebola. It was a mysterious case, since it happened 30 days after the country's last recorded occurrence of the virus, and Ebola is thought to be contagious for up to 21 days at most. The woman reported no contact with the Ebola virus or anyone from Guinea or Sierra Leone, where outbreaks are still ongoing. She didn't travel anywhere, and she didn't attend any funerals. Her only known link to the disease was having unprotected sex, on March 7, with a man who was hospitalized for Ebola back in October.

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Popular Science Wednesday, May 6, 2015 - 11:59 Source

Clingy isn't usually a positive adjective. But for the Northern Clingfish, it's not just a description, it's a way of life. The small fish can use their bellies like a suction cup, literally clinging to rough and slimy rocks, even in swiftly moving water.

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Popular Science Wednesday, May 6, 2015 - 11:59 Source

Whenever I play with the miniature computer in my pocket that I call a phone, I often think, “Wouldn't it be great if there was a way to lose this in a tree far from where I am?” PhoneDrone, a new crowdfunding project on Kickstarter, envisions a world where this is possible. The enterprise wants to turn smartphones into drones, combining all the thrill of unmanned aviation with the existential fear of losing one's phone to a gust of wind.

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Popular Science Wednesday, May 6, 2015 - 11:59 Source

More than 13 billion light years from our tiny planet, an ancient galaxy lurks. Named EGS-zs8-1, it's an extremely luminous cluster of stars—and it's the farthest galaxy we've ever seen.

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Antony Green's Election Blog Wednesday, May 6, 2015 - 11:50 Source

Which are the key seats that will decide the UK election.

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MacroBusiness Wednesday, May 6, 2015 - 11:44 Source

by Chris Becker One half of the countries retail duopoly surprised this morning with some bad news in its quarterly sales report, including another round of job cuts, totalling 800 positions. From Fairfax: Woolworths’ total third-quarter sales were down 2.1 per cent to $14.96 billion. The results were dragged down by negligible same-store growth at its

The post Woolies cuts 800 jobs amid dragging sales appeared first on MacroBusiness.

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