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MacroBusiness Wednesday, March 13, 2024 - 09:00 Source

Overnight saw currency markets having a very muted reaction to the latest US inflation data which came in slightly higher than expected which gave USD some relief post last week’s unemployment downside. Wall Street loved the print and bounced back to new highs, taking European shares along the way while the Australian dollar has retraced

The post Macro Morning appeared first on MacroBusiness.

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Your Democracy Wednesday, March 13, 2024 - 08:12 Source

NATO head rejects Pope’s ‘white flag’ appeal to UkraineThe pontiff suggested that Kiev should “find the courage” to end the conflict with Moscow through talks...

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MacroBusiness Wednesday, March 13, 2024 - 08:00 Source

The Market Ear has the latest stock positioning. Record momentum crowding “Our non-linear crowding estimate of Momentum is flashing red at 99.8%ile with the fastest increase ever in the past month”. (JPM) JPM Chasing quality Quality vs market P/E spread has exploded. The move from lows is even more extreme than what we saw during

The post The thundering herd appeared first on MacroBusiness.

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Your Democracy Wednesday, March 13, 2024 - 07:53 Source

Last week, the Wall Street Journal published new details of the failed Ukraine peace talk held in Istanbul in the spring of 2022. The story resembles some kind of off-the-wall pro-Kiev propaganda along the lines of 'look how Moscow tried to subjugate them, it’s no wonder the Ukrainians refused.'

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MacroBusiness Wednesday, March 13, 2024 - 07:30 Source

Another Chinese property titan and deck chair on the Titanic is slipping below the rising waves: China Vanke Co. is in talks with banks on a debt swap that would help the cash-strapped developer stave off its first-ever bond default, according to people familiar with the matter. Vanke’s major creditor banks are considering a plan

The post Vanke sinks below the waves appeared first on MacroBusiness.

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Cheeseburger Gothic Wednesday, March 13, 2024 - 07:06 Source

I'm an occasional listener of Andrew Huberman's podcast, usually when it crosses over into one of my areas of interest. It's so dense with information and runs so long every episode that I usually have to listen a couple of times to get all of the marrow out of the bone.

I'll be chewing over the latest episode, an interview with Cal Newport, author of 'Deep Work', my all-time favourite book about how to get shit done, for at least a month.

The interview runs for nearly three hours and starts off with a drolly amusing meet cute.

"Doctor Newport."

"Doctor Huberman."

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Your Democracy Wednesday, March 13, 2024 - 06:52 Source

M23 rebellion in North Kivu province. Rwandan troops are now directly involved in the fighting. Congolese Armed Forces suffered multiple setbacks. Major humanitarian crisis. UN peacekeepers to leave the country. Regional war could erupt.

DR Congo is Preparing for WAR Against Rwanda

https://www.youtube.com/watch?v=xjb8ZCRMt14

 

FREE JULIAN ASSANGE NOW....

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MacroBusiness Wednesday, March 13, 2024 - 06:42 Source

DXY firmed last night: AUD fell: With North Asia: Oil and gold too: Copper is coiled: Ask the Easter Bunny why RIO rallied: EM may be coiling for reflation: Junk is grinding on: Yields popped: But stocks rocked: US inflation was hot but the composition reassured bulls: February core CPI rose 0.36%, 6bp above consensus

The post Australian dollar squashed by US inflation appeared first on MacroBusiness.

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MacroBusiness Wednesday, March 13, 2024 - 05:43 Source

Rebar futures fell again yesterday: I see no reason why they should stabilise yet. If domestic steel demand is weak, cheaper prices will be needed to increase export volumes. Iron ore continues to fall as well, hitting new lows on the Dalian bourse overnight: It is interesting to note that night trading in conjunction with

The post Iron ore $20 is coming appeared first on MacroBusiness.

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Renew Economy Wednesday, March 13, 2024 - 01:23 Source
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Renew Economy Wednesday, March 13, 2024 - 01:23 Source
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MacroBusiness Wednesday, March 13, 2024 - 00:05 Source

This would be amusing if it wasn’t so scary: Productivity’s influence on wages growth and the supply side capacity of the economy makes it a crucial consideration for the Reserve Bank, RBA chief economist Sarah Hunter says. “We do care very much about what’s happening with productivity because it’s fundamental to understanding the economy, the

The post Urgent memo to Sarah Hunter, RBA chief economist appeared first on MacroBusiness.

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MacroBusiness Wednesday, March 13, 2024 - 00:05 Source

In May 2023, Yahoo News published a disturbing report on the growing homelessness epidemic sweeping Brisbane, which has seen tent encampments mushroom at local parks. In December, Yahoo News published a follow-up report claiming that “Aussie’s rental crisis is now at ‘disaster levels'”, with people sleeping in cars, tents, and insecure accommodations. The report featured

The post Tent cities mushroom across Australia appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 12, 2024 - 17:00 Source

Asian share markets are putting in very mixed sessions as the trading week continues with currency markets also reducing in volatility before tonight’s US inflation print. Wall Street is looking to open slightly higher despite the mixed start overnight while the USD is finding lost ground. The Australian dollar is feeling this rebound as well

The post Macro Afternoon appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, March 12, 2024 - 16:46 Source

The liberal international order has been responsible for a great many deaths. If the “anti-liberal internationale” becomes ascendant, however, we will see those numbers multiplied exponentially. It is not a stretch to say that the Liberal Party’s campaign in the Dunkley by-election places them firmly in the illiberal category. This is hardly surprising since several…

The post Illiberalism: the Dunkley by-election and the cost of doing business appeared first on The AIM Network.

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The Australian Independent Media Network Tuesday, March 12, 2024 - 15:55 Source

Independent Tertiary Education Council Australia (ITECA) Media Release A new assessment of skills training across remote, rural and regional Australia highlights the complementarity of independent Registered Training Organisations (RTOs) and public TAFE colleges. The 2024 Remote, Rural and Regional Skills Training Snapshot is published by the Independent Tertiary Education Council Australia (ITECA), the peak body…

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Your Democracy Tuesday, March 12, 2024 - 15:48 Source

Mary Kostakidis and Quentin Dempster explore the Australian mainstream media’s blind eyes on the humanitarian catastrophe now unfolding in Gaza.

This vodcast was recorded on March 11 2024 following the referral of the Australian Government to the International Criminal Court and the International Court of Justice’s conditional ruling on South Africa’s submitted evidence of IDF “genocide” of Palestinians.

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The Tally Room Tuesday, March 12, 2024 - 15:18 Source

The trend of voters choosing to cast their votes has been progressing for a long time, but there was a major shift in 2020, when the COVID-19 pandemic moved a lot more voters away from casting their votes on election day.

The 2020 Queensland council elections were the first elections in Australia after the start of the pandemic, and there was a massive change in how people voted.

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Renew Economy Tuesday, March 12, 2024 - 15:05 Source
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Renew Economy Tuesday, March 12, 2024 - 14:53 Source
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Renew Economy Tuesday, March 12, 2024 - 14:42 Source
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Renew Economy Tuesday, March 12, 2024 - 14:36 Source
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Cheeseburger Gothic Tuesday, March 12, 2024 - 14:20 Source

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MacroBusiness Tuesday, March 12, 2024 - 14:00 Source

Treasurer Jim Chalmers has announced the federal government will make sensible changes to the petroleum resource rent tax (PRRT). The federal government is hoping to secure opposition support for its legislation to toughen the PRRT which is aimed at raising an extra $2.4 billion over four years. The Greens want that amount doubled and an

The post Dumb Coalition blocks sensible resources tax reform appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 12, 2024 - 13:30 Source

The big one for tomorrow via Goldman Sachs. We expect a 0.32% increase in February core CPI (vs. 0.3% consensus), corresponding to a year-over-year rate of 3.71% (vs. 3.7% consensus). We expect a 0.44% increase in February headline CPI (vs. 0.4% consensus), which corresponds to a year-over-year rate of 3.15% (vs. 3.1% consensus). Our forecast

The post US CPI preview appeared first on MacroBusiness.

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Renew Economy Tuesday, March 12, 2024 - 13:24 Source
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MacroBusiness Tuesday, March 12, 2024 - 13:00 Source

A report written by former ACCC chairman Allan Fels and transport expert David Cousins warns that Sydney motorists are being bled dry by Transurban and has urged the NSW government to wrestle control of the state’s toll roads. Transurban controls 11 of NSW’s 13 toll roads, each of which were negotiated on a different contract

The post Transurban bleeds Sydney motorists dry appeared first on MacroBusiness.

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MacroBusiness Tuesday, March 12, 2024 - 12:30 Source

He is the Fake Greens gas guzzler: Climate-warrior and Greens leader Adam Bandt has been slugging taxpayers just short of a million dollars in expenses in a single year, including spending $204,000 on printing costs. Also on his eyebrow-raising expenses were $23,000 on two private jet flights and another $12,000 on a government-provided vehicle and

The post Fake Greens leader gas guzzles to power appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, March 12, 2024 - 12:16 Source

It was praised to the heavens as a work of negotiated and practical genius when it was struck. The then Australian treasurer, Josh Frydenberg, had finally gotten those titans of Big Tech into line on how revenue would be shared with media outlets for using such platforms as supplied by Facebook and Google.  Both companies…

The post Matters of Revenue: Meta Abandons Australia’s Media Stable appeared first on The AIM Network.

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The Australian Independent Media Network Tuesday, March 12, 2024 - 12:06 Source

The steady and ruthless campaign by Israel to internationally defund the UN Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), is unravelling. The lynchpin in the effort was a thin, poison pen dossier making claims that 12 individuals were Hamas operatives who had been involved in the October 7 attacks. Within…

The post Aid Wars over Gaza: Resuming Funding to UNRWA appeared first on The AIM Network.

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