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Liar pursues marriage with corrupt Berejiklian

December 7, 2021 - 09:00 -- Admin

There is no lie that the Liar will not tell: “The way that Gladys Berejiklian has been treated has been shameful. I have been clear about that,” Mr Morrison said. “She will make her own decision in her own time about what she would look to do. If she wishes to join our team, she

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Jacindas honeymoon with NZ voters is over

December 7, 2021 - 08:00 -- Admin

According to the latest Roy Morgan NZ poll, it looks like NZ PM Jacinda Ahern maybe facing re-election trouble, with low support and confidence amongst NZ voters following the recent lockdowns: Support for New Zealand’s Labour/Greens ‘coalition’ government was down 3.5% points to 46.5% in November as support for the Labour Party dropped 3.5% points

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Australian dollar rebounds as China slashes rates

December 7, 2021 - 07:05 -- Admin

DXY firmed overnight as EUR fell: The Australian dollar also rebounded: With oil: Base metals were mixed: Miners popped: EM stocks still lokk nasty: Junk is weak: The Treasury curve steepened a litte: Stocks lifted: Westpac has the wrap: Event Wrap German factory orders in October disappointed with a fall of 6.9%m/m, to be down -1.0%y/y (est.

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Worrying signs for OMICRON in children

December 7, 2021 - 00:10 -- Admin

This is the concerning chart. Children are more susceptible to OMICRON and hospitalisation: The good news from the same data set is this: Initial data from a major hospital complex in South Africa’s omicron epicenter show that while Covid-19 case numbers have surged, patients need less medical intervention. …This only represents the first two weeks

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Links 7 December 2021

December 7, 2021 - 00:05 -- Admin

Global Macro / Markets / Investing: Panicking financial markets could stuff up another global recovery – Ninefax, Gitto Climate change: Is ‘blue hydrogen’ Japan’s answer to coal? – BBC Large gender pay gaps persist over the last 25 years – BBC Making Sense of This Economy Is a Rorschach Test – Bloomberg Variants, boosters turn

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Macro Afternoon

December 6, 2021 - 17:00 -- Admin

Asian stock markets are having mixed returns in response to the selloff on Wall Street on Friday night in the wake of the disappointing NFP jobs report.  The USD remains strong against all the majors as the Australian dollar broke below the 70 cent level while gold is holding on above the $1785USD per ounce

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Chip shortages hammer new car sales

December 6, 2021 - 14:00 -- Admin

Australian new car sales dived 8.1% year-on-year in November on the back of the supply disruptions, according to the Federal Chamber of Automotive Industries (FCAI). Only 80,639 new cars were sold in November compared with 95,205 in November 2020 and 84,708 in November 2019. The next chart plots new car sales in rolling annual terms

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Supply bottlenecks easing

December 6, 2021 - 13:30 -- Admin

In the US, there are mounting signs that the supply side squeeze is coming to an end. Goods inflation is still unsustainably elevated versus services: Despite the extreme demand, manufacturing output is swiftly catching up: Backlog has slumped: So is global shipping: On the services side, rental inflation is flaming out: Does the US extremity

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Crypto crashes as Bitcoin drops $9K in an hour

December 6, 2021 - 13:15 -- Admin

Not a good start to the week for crypto crazies with Bitcoin dropping more than 14% over the weekend, plunging $9K in minutes: This takes price back to the September highs and before the most recent breakout that saw it make a new historic high, leaving a nasty gap on the weekly chart that could

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