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Freedom of Information (FOI) documents released on Friday by the Reserve Bank of Australia (RBA) reveals that it saw risks in its decision to cut the cash rate to 0.10%, alongside introducing the Term Funding Facility (TFF) for banks and buying government bonds. In particular, the RBA noted that “a permanent (temporary) 100 basis point

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Via BofA:  Discharged from hospital. We saw a 2,091 person decrease in the number of people hospitalized in the US with Covid-19 over the last week, the first decline since September 23rd. Just four days ago there was a 7,167 person weekly increase and since then the number has declined gradually. While the decrease

The post US about to kill the virus appeared first on MacroBusiness.

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Via Goldman on the US dollar: USD: Risks to bearish consensus in focus.The Biden transition team hasannounced plans for a $1.9tr fiscal stimulus, more than our economists hadexpected. Although they do not expect the full amount to become law, theyraised their stimulus assumptions on the news (to $1.1tr from $750bn) andhaveupgraded their US GDP forecasts.

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Out of the blue, I received a message on Twitter that my account had been locked for a week for ‘promoting or encouraging suicide or self-harm’. This was because of a Tweet I sent in response to one from Richard G. Corbett, former leader of the UK Labour Party in the European Parliament. Corbett’s Tweet was concerned with the mess in which Brexit had left the UK.

Back again with another Monday Message Board.

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Friday’s mortgage commitments data from the Australian Bureau of Statistics (ABS) hit a fresh record high, driven by owner-occupiers: Total new mortgage commitments rose by 23.7% in the year to November, driven by a 31.4% surge in owner-occupied commitments whereas investor mortgage commitments rose by only 3.9% year-on-year. As readers know, we consider mortgage growth

The post Rampant mortgage growth bullish for Aussie property appeared first on MacroBusiness.

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Global Macro / Markets / Investing: When Will Interest Rates Rise? Fed Chair Says ‘No Time Soon’ – NY Times No home, job, or kids, but with millions of dogs: the pet boom among millennial – Petlife Bank Of England Tells Banks to Brace For Sky-High Carbon Price – Bloomberg Universal basic income doesn’t impact

The post Links 18 January 2021 appeared first on MacroBusiness.

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It is the sort of breezy, skimpy and careless reasoning that is laying the ground for the Biden Republic. A person, kicked off a social media babbling platform and having the means to incinerate the human race multiple times over, seen as corollaries of each other. There should be an obvious difference, but Silicon Valley…

The post Trigger Finger for Armageddon: Trump and the Thermonuclear Monarchy appeared first on The AIM Network.

In these weird times when sports are played sporadically and in mostly Covid-free countries (say Kiwiland and Ockerspace — or under strict conditions such as the Australian Open in Melbourne, the mention of "text book" competitive tactics re-enters the vernacular of commentators.

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There’s a lot of luck[1] in politics. If a handful of events had gone differently in 2016, we’d probably be discussing President Clinton’s second term right now. If the Brexit referendum had been held a few weeks earlier, Remain would probably have won, and David Cameron might still be PM. A few lucky breaks and Labor would have won the 2019 Australian election. And if things had gone slightly differently in Georgia (with the Repubs falling just short in the first round, then losing both runoffs), the prospects for a Biden Administration would be greatly worse than they are.

As what seemed an unending turnover of senior staff in the White House, and open warfare with agency heads continued unabated, it was hard to believe that was possible, let alone happening.

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Continued from Part 1 Meanwhile, still in a hospital bed [in an isolation room] and beside myself with grief, tears still streaming down my face and still in shock, after running some simple blood tests, the doctor informed me the miscarriage had likely not been completed and that even though they were certain I had…