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MacroBusiness Monday, January 18, 2021 - 11:00 Source

More from the ABC’s chief propagandist on the weekend, Stan Grant: I have missed America. I have missed that surge of anticipation and excitement getting off a long plane ride and walking through the terminal of LAX or JFK airport. I have missed waiting in the immigration queue and hearing foreign languages all around me,

The post The ABC has been radicalised appeared first on MacroBusiness.

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xkcd.com Monday, January 18, 2021 - 11:00 Source

The #2 cause of astronomer hand injuries is trying to do vector math when the second axis points off to the right.

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MacroBusiness Monday, January 18, 2021 - 10:40 Source

Via Goldman: President-elect Biden is proposing $1.9 trillion in new fiscal relief measures, in addition to the roughly $950bn Congress approved in December 2020.He has proposed substantial spending in all of the areas we expected, including an additional $1,400/person in stimulus payments, further extension of expanded unemployment benefits (through September 2021 and including a $400/week

The post How much Biden stimulus will get up? appeared first on MacroBusiness.

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MacroBusiness Monday, January 18, 2021 - 10:20 Source

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

The post Suddenly irresponsible mortgage lending is a problem! appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, January 18, 2021 - 10:08 Source

By Janet Grogan   I’m wearing this shirt on behalf of my son and the other 37,000 Australians currently stranded overseas. While tennis players from around the world are being welcomed to our shores, taking up quarantine rooms in hotels, seemingly circumnavigating the waiting lists and restricted flights, our citizens are left wondering when their nightmares…

The post Scomo, I thought you said they’d be back by Christmas! appeared first on The AIM Network.

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MacroBusiness Monday, January 18, 2021 - 10:00 Source

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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MacroBusiness Monday, January 18, 2021 - 09:40 Source

Iron ore prices for January 15, 2021: Everything firm. Port stocks fell last week to around 125mt. China imported 96.75mt in December and 1.17bn in 2020, up 9.5%: As for the year ahead, my thoughts are these: Chinese iron ore restocking is ongoing (bullish); Chinese mills have run down COVID steel stocks (bullish); global recovery

The post Daily iron ore price update (2021 forecast) appeared first on MacroBusiness.

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MacroBusiness Monday, January 18, 2021 - 09:20 Source

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.

The post What could reverse the Australian dollar’s bull run? appeared first on MacroBusiness.

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MacroBusiness Monday, January 18, 2021 - 09:00 Source

Friday night saw risk markets continue their reversal of confidence as Biden gets closer to taking the presidency and a very large – and taxing (sic) – stimulus package comes forth. The latest consumer confidence numbers doubled down on the weak US economy meme following the initial jobless claims surprise, putting pressure on the Fed

The post Macro Morning appeared first on MacroBusiness.

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THE BLOT REPORT Monday, January 18, 2021 - 08:21 Source

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.

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John Quiggin Monday, January 18, 2021 - 06:31 Source

A new sandpit for long side discussions, conspiracy theories, idees fixes and so on.

To be clear, the sandpit is for regular commenters to pursue points that distract from regular discussion, including conspiracy-theoretic takes on the issues at hand. It’s not meant as a forum for visiting conspiracy theorists, or trolls posing as such.

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John Quiggin Monday, January 18, 2021 - 06:30 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, January 18, 2021 - 00:16 Source

The “evil” Murdoch press carried a must-read story for every Australian on the weekend about the CCP’s attempted re-education of Australian Olympic gold medalist, Mack Horton: On a mild October day last year Cheryl Horton was cleaning the backyard pool at the family home – a chore she rigorously avoids until it can be ignored

The post The re-education of Mack Horton appeared first on MacroBusiness.

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MacroBusiness Monday, January 18, 2021 - 00:12 Source

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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MacroBusiness Monday, January 18, 2021 - 00:10 Source

On Friday, the Australian Bureau of Statistics (ABS) released overseas arrivals and departures data for November, which revealed that immigration has turned sharply negative. As shown in the next chart, long-term departures exceeded long-term arrivals by 19,270 in the 8 months to November 2020: This has reduced annual long-term arrivals to only 93,410 in the

The post Australian immigration turns sharply negative appeared first on MacroBusiness.

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MacroBusiness Monday, January 18, 2021 - 00:01 Source

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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Your Democracy Sunday, January 17, 2021 - 16:28 Source

yeltsin

Patrick Armstrong explains why the Time magazine’s “Yanks to the Rescue” story was utterly wrong.

 

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The Australian Independent Media Network Sunday, January 17, 2021 - 15:13 Source

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.

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AustralianPolitics.com Sunday, January 17, 2021 - 13:57 Source

The Washington Post has published this reconstruction of the events of January 6, 2021, at the Capitol, Washington DC.

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Your Democracy Sunday, January 17, 2021 - 11:47 Source

AC sirs

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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THE BLOT REPORT Sunday, January 17, 2021 - 09:51 Source
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John Quiggin Saturday, January 16, 2021 - 18:19 Source

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.

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Your Democracy Saturday, January 16, 2021 - 17:42 Source
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THE BLOT REPORT Saturday, January 16, 2021 - 16:47 Source
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Your Democracy Saturday, January 16, 2021 - 14:32 Source

bee on fennel flowers

EXPORT OF BANNED PESTICIDES: BRUSSELS RESPONDS TO CIVIL SOCIETY

Many pesticides illegal in Europe due to their proven dangerousness continue to be produced and exported to third countries. Questioned in a letter by 76 organizations, including POLLINIS, the European Commission said in its response to consider a review of the legislation to put an end to this unacceptable policy.

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Your Democracy Saturday, January 16, 2021 - 14:05 Source

no secret

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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The Australian Independent Media Network Saturday, January 16, 2021 - 12:10 Source

Before I start talking about the incredible turn-around in what the mainstream media want from Google, I’d just like to point out the current government’s latest trick to move your money into their own pockets. You probably heard about their trick with superannuation access where, if you accessed $10,000 from your account, you had to spend…

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The Australian Independent Media Network Saturday, January 16, 2021 - 11:00 Source

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…

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THE BLOT REPORT Saturday, January 16, 2021 - 09:47 Source

Sky News Australia tweets drivel on a regular basis, mostly from the unhinged Rowan Dean and sundry others of the after dark menagerie. However, this one went unattributed, so I can only presume the person wasn’t game enough to include their by-line. They tweeted:

“Biased CNN anchor Don Lemon has delivered an unhinged and baseless rant alleging every person who voted for Donald Trump is actually a Nazi and a member of the Ku Klux Klan.”1

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MacroBusiness Saturday, January 16, 2021 - 08:05 Source

‘The Wave’ 1901, Julian Ashton, Art Gallery of NSW   Macro & Markets Investors resigned to Trump’s China ban, with Biden seen changing little – Reuters Global economy can shake off pandemic in 2021, policymakers say – Ninefax ‘This is not a game’: Global virus death toll hits 2 million – AP Revenge of the

The post Weekend Links: 16-17 Jan, 2021 appeared first on MacroBusiness.

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