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Renew Economy Monday, April 12, 2021 - 13:50 Source

"The Murdoch media have spent decades poisoning both our poli

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Renew Economy Monday, April 12, 2021 - 13:44 Source

QUT researchers use human hair snippets gathered from Brisbane barber to create carbon dots and improve stability of perovskite s

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MacroBusiness Monday, April 12, 2021 - 13:40 Source

I noted last week that the NSW Government had declared war on its Morrison Government Coalition cousin: “7.30 is a very good program, Leigh, a very good program, and we do get a lot of our information from you.” – NSW Health Minister @BradHazzard on where he gets information about the vaccine rollout. #abc730 @leighsales

The post Berejiklian intensifies vaccine war on Morrison appeared first on MacroBusiness.

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MacroBusiness Monday, April 12, 2021 - 13:20 Source

Morgan Stanley with a note I very much agree with: Inventory draws and demand recovery have supported oil prices in recent months, but two factors are starting to take some wind out of the sails of this bullish thesis: Iranian exports and US drilling activity.We moderate our price forecast for 3Q and close our long

The post MS: Oil cooked appeared first on MacroBusiness.

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MacroBusiness Monday, April 12, 2021 - 13:00 Source

As much of the press tips into phony handwringing over house prices again, even as it relies entirely on the bubble for its only source of profit growth, Chris Joye is having none of it. He argues that: Property is the cheapest it has been in a very long time. Buyer incomes have been lifted

The post Joye: Property cheap, cheap cheap! appeared first on MacroBusiness.

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Renew Economy Monday, April 12, 2021 - 12:41 Source

San Gorgonio Pass wind farmMo

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MacroBusiness Monday, April 12, 2021 - 12:40 Source

From the excellent Garth Aird, chief economist at CBA. Note that my own view is that a terms of trade shock is coming down the pipe to hose off the price and growth bullishness in 2022: The Australian economic recovery from the COVID‑19 recession has been a lot stronger and a lot faster than the

The post CBA: Australia boom to roll into 2022 appeared first on MacroBusiness.

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MacroBusiness Monday, April 12, 2021 - 12:20 Source

Nordea with the note: There was broad support for the ECB to increase the pace of its bond purchases, but that support may wane, as the economic situation improves. We continue to see moderately higher Euro-area bond yields ahead. The monetary policy account from the ECB’s March meeting indicated that there were no strong objections to the central

The post ECB still a big, fat dove appeared first on MacroBusiness.

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MacroBusiness Monday, April 12, 2021 - 12:00 Source

Over the past few years we have witnessed housing ‘experts’, planners and policy wonks endlessly spruik ‘tiny homes’ as a solution to Australia’s chronic housing affordability problems. The most recent example was a fortnight ago. The reality could not be further from the truth. Travel throughout Australia and you will find caravan parks providing long-term

The post The depressing reality of ‘tiny homes’ appeared first on MacroBusiness.

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MacroBusiness Monday, April 12, 2021 - 11:40 Source

Over the past month we have witnessed two fundamental reforms to New Zealand’s property market. First, the Reserve Bank of New Zealand (RBNZ) reintroduced loan-to-value ratio (LVR) mortgage restrictions, which from 1 March 2021 required both investors and owner-occupiers to stump-up bigger deposits: Second, and more importantly, the New Zealand Government on 23 March announced

The post NZ housing reforms knock wind out of market appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, April 12, 2021 - 11:30 Source

“I am not going to be talking about numbers today,” Australia’s Chief Medical Officer Paul Kelly told Australia’s Radio National on April 12. This echoed suggestions from the Australian Prime Minister, Scott Morrison, who had adopted the position that Australia best forget meeting any clear vaccination targets. Having left battling the pandemic to State governments,…

The post Nimble Failure: The Australian COVID-19 Vaccination Program appeared first on The AIM Network.

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The Australian Independent Media Network Monday, April 12, 2021 - 11:25 Source

(Actually it’s fourteen lines so maybe I should have called a sonnet even though the rhyme scheme is neither Petrarchan nor Shakespearean!) Scotty promised vaccination So we could open up the nation And allow some interstate vacations At least that was his inclination. I clearly remember many headlines About all those October deadlines. But we…

The post An Ode To Scotty From Announcements! appeared first on The AIM Network.

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MacroBusiness Monday, April 12, 2021 - 11:20 Source

Paul Kelly was one of the last to join Team Australia versus China. But he’s on board now: Last week’s combined push by the Morrison Government and the Business Council of Australia to diversify trade has created a new anti-China consensus. The CCP’s economic coercion will intensify. Team Australia plans to counter this with a

The post Is Labor a part of Team Australia vs China? appeared first on MacroBusiness.

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MacroBusiness Monday, April 12, 2021 - 11:00 Source

Deloitte looks ahead. A bit too bullish for me but right in terms of trend: We assume that (1) virus numbers stay suppressed as vaccine logistics steadily improve, so state borders remain mostly open and domestic restrictions gradually ease as vaccines roll out, (2) vaccines achieve the equivalent of herd immunity by late 2021/early 2022,

The post Deloitte: Australian recovery to fade appeared first on MacroBusiness.

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MacroBusiness Monday, April 12, 2021 - 10:40 Source

Several commentators have questioned the efficacy of Australian financial regulators imposing macroprudential mortgage curbs, arguing that it would disproportionately harm first home buyers (FHBs) who tend to take out larger mortgages with smaller deposits: Alison Pennington, senior economist at the Australia Institute’s Centre For Future Work, claims macro-prudential tightening “would have unequal and unfair consequences

The post Why macroprudential mortgage curbs are harder this time around appeared first on MacroBusiness.

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MacroBusiness Monday, April 12, 2021 - 10:20 Source

Let’s pick up the ongoing debate over what kind of market cycle this is. Readers will know I have been juggling three narratives to explain the ongoing market boom as it confronts an economic boom: Bad news is good news meaning the ongoing deflation (after a brief spike) will ensure asset prices outperform the economy.

The post How far does the stocks boom get? appeared first on MacroBusiness.

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MacroBusiness Monday, April 12, 2021 - 10:00 Source

CoreLogic has released its preliminary auction results for the weekend, which reported a clearance rate of 79.9% off 1,879 auctions. This was up on the 79.4% preliminary figure recorded last week, which was later revised down to 77.1% at final collection. Sydney continued to lead the way recording a preliminary clearance rate of 82.8% off

The post Auction results strong again appeared first on MacroBusiness.

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xkcd.com Monday, April 12, 2021 - 10:00 Source

Because they orbit the Earth every 90 minutes, some astronauts should try to argue that, due to CDC regulations and time zone technicalities, they should be able to get their second dose just 30 or 40 hours after their first.

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John Quiggin Monday, April 12, 2021 - 09:49 Source

Back again with another Monday Message Board.

Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. If you would like to receive my (hopefully) regular email news, please sign up using the following link

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MacroBusiness Monday, April 12, 2021 - 09:40 Source

The ferrous complex was strong last week as Chinese steel prices soared on the back of the steel output cuts. This is the paradox of central planning aimed at lowering input prices. Less steel means higher prices and any lower need for iron ore is more than offset by a stronger impulse to restock raw

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

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MacroBusiness Monday, April 12, 2021 - 09:20 Source

Australia’s vaccine debacle continues today. The latest leaderboard has us leapfrogging Lebanon and Sri Lanka closing in on the West Indies! But, if you’re a sinking prime minister, you can always manipulate the data: So, the starting point in the race is not when the gun goes off, it’s when you got up after falling

The post When at first you don’t vaccinate, lower your standards appeared first on MacroBusiness.

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MacroBusiness Monday, April 12, 2021 - 09:00 Source

There have not been many who have dared make the comparison between CCP China and Nazi Germany. Both are fascist states governed economically by central planning. Both rely upon ethnic eugenics for political legitimacy. Both are incrementally expansionist to attack competing liberal democracies. Both use powerful economies to buy off and silence opponents. Both are

The post As CCP China turns Nazi Germany, what of the Olympics? appeared first on MacroBusiness.

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Your Democracy Monday, April 12, 2021 - 08:50 Source

shrineshrine

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the past 25 centuries, religions have been gilding their beliefs to mesmerise the crowds. It is thus quite weird to note that a clever writer like Paul Kingsnorth has turned to Christianity to "seemingly escape the future as planned by the CIA".

 

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Your Democracy Monday, April 12, 2021 - 08:50 Source

shrineshrine

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the past 25 centuries, religions have been gilding the belief to mesmerise the crowds. It is thus quite weird to note that a clever writer like Paul Kingsnorth has turned to Christianity to "seemingly escape the future as planned by the CIA".

 

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Renew Economy Monday, April 12, 2021 - 07:32 Source

greenhouse gas emissions - optimisedIt doesn't seem to be sinking in: Australia's grid needs to be zero carbon by 2030 to align with a 1.5C temperature target.

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Your Democracy Monday, April 12, 2021 - 05:27 Source

homo sapienshomo sapiens

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Your Democracy Monday, April 12, 2021 - 05:27 Source

homo sapienshomo sapiens

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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MacroBusiness Monday, April 12, 2021 - 00:06 Source

The Australian dollar broke into the 75s again Friday night before rebounding. DXY rebounded and EUR fell with all of the usual outcomes. To the charts. DXY versus EUR: The Australian dollar is forming new downtrends against all of the major forex pairs. Not a good sign: It is more mixed against EMs but even

The post JPM: Sell Australian dollar with both hands appeared first on MacroBusiness.

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MacroBusiness Monday, April 12, 2021 - 00:05 Source

Bill Evans at Westpac: …the loan approvals to investors account for around 32% of the total housing loans (including all owner occupiers) compared to 65% in 2017 when APRA introduced a range of controls aimed at curtailing investor activity. On the other hand the Bank points out the solid starting point that will support the

The post Westpac: RBA “some way” from mortgage controls appeared first on MacroBusiness.

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Renew Economy Monday, April 12, 2021 - 00:01 Source

Gas turbine electrical offline power plant with twilight outage - optimisedGrattan says 100 per cent renewably-powered electricity grid is difficult because of a two-week period in winter, but solutions may be found.

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