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MacroBusiness Wednesday, January 20, 2021 - 12:40 Source

By Kristina Clifton, senior economist at CBA: Key Points CBA’s household indicators suggest that the economy was starting to normalise in Q4 2020. The share of households receiving a salary payment lifted across all age groups while the share receiving government benefits fell. Investment income also retreated towards more normal levels as less people withdrew

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MacroBusiness Wednesday, January 20, 2021 - 12:20 Source

Darling economic commentator of the left, Ross Gittins, has stuck his thumb directly into the eye of the radicalised anti-American versions of history being pumped out by the likes of the ABC: For a harder-nosed expose of life on the margins of America’s mighty economy, I recommend the recent work of the Nobel prize-winning Scottish

The post Gittins: Trump was symptom not cause of US divisions appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 20, 2021 - 12:00 Source

Via Westpac: December saw a sharp increase in coal exports with volumes from Newcastle at a 4 month high; Dalrymple/ Hay Point at a 6 month high and Gladstone at 1yr high. This jump in volumes brings the total for 2020 to 364mt, down 5% versus 2019 and 3% versus 2018. Exports in Q42020 were

The post Aussie coal booms despite China blockade appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 20, 2021 - 11:40 Source

New Treasury data shows that the federal government received 75,143 applications for the HomeBuilder grant during the first phase of the scheme, including more than 35,000 during the last three weeks of 2020. The Treasury had forecast in June that it would receive just 27,000 applications for the grants by 31 December. The unexpected surge

The post Why housing construction will crash in 2022 appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 20, 2021 - 11:34 Source

BOM cyclone forecast: A Tropical Low was located at 2:00 am AWST near 11.8S 124.8E, that is 740 km north northeast of Broome and 1160 km northeast of Port Hedland and moving west southwest at 18 kilometres per hour. The tropical low is moving towards the west southwest and is expected to gradually strengthen. It

The post BOM: Cyclone heading for Port Hedland appeared first on MacroBusiness.

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Your Democracy Wednesday, January 20, 2021 - 11:22 Source

mr fish

As the book of memoirs of one of his attorneys, Michael Ratner, makes clear, the end has always justified the means for those who demand the global killing of Assange.

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MacroBusiness Wednesday, January 20, 2021 - 11:20 Source

Via Goldman: We believe that a vaccine-driven reduction in hospitalizations is likely to kick offthe growth rebound through relaxed restrictions and some reductions involuntary consumer social distancing. We model the vaccine impact on hospitalizations in the US, where they appear to have peaked–consistent with the projections of our equity research colleagues a month ago–and in

The post US COVID hospitalisations about to plunge, growth surge appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 20, 2021 - 11:03 Source

Via LMIP: In seasonally adjusted terms, job advertisements increased by 1.4% (or 2,300 job advertisements) in December 2020 to stand at 171,500. This represents the eighth consecutive month on month increase in job advertisements which now stand 11.1% (or 17,100 advertisements) above the level recorded in December 2019. Headline results

The post Skilled vacancies rebound continues appeared first on MacroBusiness.

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The Australian Independent Media Network Wednesday, January 20, 2021 - 11:00 Source

Continued from: Of Eugenicists, Oligarchs and Psychopaths (part 18) By Outsider  Chapter 5: Was COVID-19 born in the United States? Cui prodest? (to whose advantage?) President Trump has been constantly referring to COVID-19 as ‘made in China’; in recent times Secretary of State, Mike Pompeo, has been referring to it as ‘Wuhan coronavirus.’ That there be no…

The post Was COVID-19 born in the United States? (part 1) appeared first on The AIM Network.

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MacroBusiness Wednesday, January 20, 2021 - 11:00 Source

Restaurant & Catering Australia CEO Wes Lambert has urged the federal government to continue to provide financial support for the hospitality industry after the JobKeeper wage subsidy scheme ends in March. Lambert has written to Treasurer Josh Frydenberg and Tourism Minister Dan Tehan arguing the case for additional sector-specific support for hospitality workers. Dubbed ‘HospoKeeper’,

The post Industry calls for ‘HospoKeeper’ to replace JobKeeper appeared first on MacroBusiness.

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xkcd.com Wednesday, January 20, 2021 - 11:00 Source

Most of our universe consists of dark matter rendered completely undetectable by our spacetime codec's dynamic range issues.

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MacroBusiness Wednesday, January 20, 2021 - 10:40 Source

Deloitte’s weekly economic briefing warns that Australia still faces significant insolvencies, despite a wave of strong economic data.  However, the risks have reduced markedly compared to a few months ago: Although the damage of 2020 is winding back fast, it hasn’t disappeared, and it will linger. Many relief measures were taken to alleviate the COVID-induced

The post Deloitte: “the insolvency drought has begun to break” appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 20, 2021 - 10:20 Source

Consumer groups have hardened in their opposition to the Morrison Government’s plans to abolish responsible lending laws, which were introduced in 2009. The Financial Rights Legal Centre has urged Senate crossbenchers to vote against any such move, while Financial Counselling Australia and CHOICE warn that scrapping the responsible lending regime would make it easier for

The post Consumer groups lash irresponsible mortgage lending laws appeared first on MacroBusiness.

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Renew Economy Wednesday, January 20, 2021 - 10:18 Source

2020 delivered another big year with big milestones in the UK, with wind and solar smashing records. Can it do it all again in 2021?

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Renew Economy Wednesday, January 20, 2021 - 10:07 Source

New data shows Victoria closed out 2020 with records for solar battery rebate uptake and installation, as fortnightly allocations of discounted home batteries get "snapped up."

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MacroBusiness Wednesday, January 20, 2021 - 10:00 Source

By Gareth Aird, head of Australian economics at CBA: Key Points: We expect the headline CPI to increase by 0.9% in Q420 (+0.7%/yr). The trimmed mean CPI on our forecasts will print at +0.4% (+1.2%/yr). The inflation debate may heat up over 2021 as we expect some ‘demand-pull’ inflation to show up in the data.

The post CPI Preview: Q4 2020 appeared first on MacroBusiness.

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Renew Economy Wednesday, January 20, 2021 - 09:58 Source

Renewable energy growth has exceeded all expectations in Europe and delivered a range of tangible benefits since 2005, a new report has found. But what comes next?

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Renew Economy Wednesday, January 20, 2021 - 09:45 Source

drought sheep ipcc report agriculture climate change - optimisedAustralian-designed software aimed at improving farm productivity and cutting emissions through soil carbon has secured $5m from the Clean Energy Finance Corporation.

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MacroBusiness Wednesday, January 20, 2021 - 09:40 Source

A couple of charts today show that there is a developing problem for the short USD trade that is currently dominating markets. They pertain to the EUR: DXY can’t fall if EUR is. Largely this lag in recovering EUR yields is a function of its second-round COVID lockdown. With vaccines rolling out now and being

The post When will the Australian dollar turn lower? appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 20, 2021 - 09:30 Source

Two events changed risk appetite overnight with the closely watched German ZEW survey and Janet Yellen’s testimony in Congress supporting the bullish mood on Wall Street as traders returned from the US long weekend. Oil prices lifted more than 2% while the USD retreated against most of the majors. Bitcoin continued its tepid start to

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 20, 2021 - 09:00 Source

Iron ore prices for January 19, 2021: Spot and paper down. Not much in news. Via Westpac, Aussie iron ore volumes have been expanding slowly: Our bulk shipping activity models point to a noticeable increase in iron ore exports from Australia in December, with a forecast of 78.6mt. While that is up 8mt from the

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

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Your Democracy Wednesday, January 20, 2021 - 09:00 Source

freedom

A new viral video calling on liberals to form “an army of citizen detectives” to gather information on Trump supporters and report their activities to the authorities has racked up thousands of shares and millions of views in just a few hours.

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The Australian Independent Media Network Wednesday, January 20, 2021 - 06:00 Source

“You are only as good as your Cabinet” are words that make you think. For those of my vintage, it suggests a group of people who respect leadership and intelligence with the same broad objectives. Bob Hawke’s first Cabinet was such a group. They were a progressive bunch with the will to take the country…

The post Don’t expect leadership from Scott Morrison appeared first on The AIM Network.

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MacroBusiness Wednesday, January 20, 2021 - 00:24 Source

I wanted to write about this one last week but lost the time. At SMH: The Premier was also probed about incentives to encourage Australians to get the COVID-19 vaccination, with the rollout to begin as early as next month. One of those incentives includes refusing anti-vaxxers entry to certain high-risk venues such as pubs

The post Karen’s going to have to catch COVID appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 20, 2021 - 00:10 Source

Yesterday, 2 million unemployed Australians received the horrid news that the JobSeeker payment would revert back to its poverty level of $40 a day from 1 April 2021: Australians eligible for the JobSeeker supplement will receive $40 a day from April, according to Services Australia. The Coronavirus Supplement is due to end on 31 March,

The post Coalition throws millions of unemployed back into poverty appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 20, 2021 - 00:01 Source

Global Macro / Markets / Investing: Wall Street has a new top cop. And Elizabeth Warren is a big fan of him – CNN Stock markets aren’t scared of the Democrats’ Washington sweep – LA Times Rio Tinto enters scandium market with plant in Quebec – Reuters Occupational Licensing and Its Negative Effects On The

The post Links 20 January 2021 appeared first on MacroBusiness.

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Renew Economy Wednesday, January 20, 2021 - 00:01 Source

electric vehicles sydney habour bnef - optimised

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Your Democracy Tuesday, January 19, 2021 - 21:00 Source

voltaria

With the mainstream media still obsessing about the January 6th “violent coup attempt” at the US Capitol Building, the incoming Biden Administration looks to be chock full of actual purveyors of violent coups.

 

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Cheeseburger Gothic Tuesday, January 19, 2021 - 18:27 Source

I knew I was going to have a tough one today. We were getting new solar panels installed. The inverter on the original array finally packed it in and I figured we might as well upgrade since the technology had come along a bit in the last 12 years.

The tradies turned up on time. Yay! But it was a big job and they were here for most of the day, which meant interruptions to power, lots of drilling and hammering and other random disruptions. All of which meant I never really got a head of steam up.

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MacroBusiness Tuesday, January 19, 2021 - 17:30 Source

Asian share markets are no longer unsettled as the realisation that an adult will be in the Oval Office in a few days kicks in the risk spirits with broad gains across most markets and S&P futures looking bright for the return of traders from the US long weekend. Bitcoin is a bit disappointing, not

The post Macro Afternoon appeared first on MacroBusiness.

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