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Your Democracy Tuesday, November 30, 2021 - 17:12 Source

napoleonnapoleon

PARIS — Perhaps France was always going to have a hard time with nonbinary pronouns. Its language is intensely gender-specific and fiercely protected by august authorities. Still, the furor provoked by a prominent dictionary’s inclusion of the pronoun “iel” has been remarkably virulent.

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MacroBusiness Tuesday, November 30, 2021 - 17:00 Source

Dead cats are bouncing all over the place today in response to what was a tepid session in overnight stock markets with Asian shares very mixed alongside downbeat Wall Street and European futures. A run on safe havens is seeing Euro and Yen beat back the stronger USD while the Australian dollar is about to

The post Macro Afternoon appeared first on MacroBusiness.

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MacroBusiness Tuesday, November 30, 2021 - 16:45 Source

FT has the scoop: The chief executive of Moderna has predicted that existing vaccines will be much less effective at tackling Omicron than earlier strains of Covid-19 and warned it would take months before pharmaceutical companies can manufacture new variant-specific jabs at scale. Stéphane Bancel said the high number of Omicron mutations on the spike

The post Australian dollar blown up by Moderna Omicron bomb appeared first on MacroBusiness.

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Your Democracy Tuesday, November 30, 2021 - 15:30 Source

miraculousmiraculous

Two former political heavyweights from different sides have joined forces to combat the corruption and damaging inaction of the Morrison government. 

 

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Renew Economy Tuesday, November 30, 2021 - 14:48 Source

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Renew Economy Tuesday, November 30, 2021 - 14:43 Source

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Renew Economy Tuesday, November 30, 2021 - 14:04 Source

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Renew Economy Tuesday, November 30, 2021 - 14:03 Source

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MacroBusiness Tuesday, November 30, 2021 - 14:00 Source

After a painfully slow start, Australia has become one of the world’s vaccination leaders. Currently, 85.6% of Australia’s population aged 12-plus has received two vaccine doses, with NSW (91.5%) and Victoria (89.9%) leading the way: Victoria is expected to hit 90% vaccination today, with the other jurisdictions expecting to hit that target as follows: QLD

The post Australia powers up global vaccine rankings appeared first on MacroBusiness.

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Renew Economy Tuesday, November 30, 2021 - 14:00 Source

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MacroBusiness Tuesday, November 30, 2021 - 13:30 Source

S&P Global Ratings contends that Victoria will emerge from the pandemic in the weakest financial position of all the states and territories, and will have more than triple the debt it did before the pandemic. S&P tips that the majority of the states and territories will have more than double the debt they did in

The post Victoria becomes Australia’s debt capital appeared first on MacroBusiness.

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MacroBusiness Tuesday, November 30, 2021 - 13:00 Source

The Victorian government has secured the support of crossbench MP Rod Barton for its controversial pandemic bill. The government has agreed to six key amendments to enable the bill to be passed before its existing state of emergency powers expire on 15 December and state parliament rises for the year. Amongst other things, orders for

The post Andrews’ controversial pandemic bill a done deal appeared first on MacroBusiness.

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MacroBusiness Tuesday, November 30, 2021 - 12:45 Source

The ABS today released current account data for the September quarter, with Australia’s current account surplus hitting a record high $23.9 billion. The result will contribute 1.0 percentage points to the September quarter GDP, which will be released tomorrow: The current account surplus was driven by a $8.1 billion increase in the balance on goods

The post Australia’s current account surplus hits record high appeared first on MacroBusiness.

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Renew Economy Tuesday, November 30, 2021 - 12:34 Source

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Renew Economy Tuesday, November 30, 2021 - 12:30 Source

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MacroBusiness Tuesday, November 30, 2021 - 12:30 Source

New data from the Australian Bureau of Statistics (ABS) shows that dwelling approvals fell by 12.9% in October and were down 8.1% year-on-year. The fall was driven by unit approvals, which tanked 37.5%. This was partly offset by house approvals, which rose 4.3%. Over the year, houses approvals fell 3.7% whereas unit approvals fell 16.5%.

The post Detached house approvals rebound after HomeBuilder slump appeared first on MacroBusiness.

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MacroBusiness Tuesday, November 30, 2021 - 12:00 Source

Three takes. First, Mizuho, which has been consistently virus bearish over the past year: Omicron–what we know “Omicron”, as the WHO has classified it, is reported to have a material number of spike protein mutations. It seems likely at this point that this new variant will have spread much more than has already been identified,

The post Will Omicron crash markets? appeared first on MacroBusiness.

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MacroBusiness Tuesday, November 30, 2021 - 11:44 Source

The Reserve Bank of Australia (RBA) has released its private sector credit aggregates data for the month of October. Quarterly mortgage credit growth decelerated further to 1.8% after recently recording the highest rate of growth since 2015: Owner-occupiers continue to drive mortgage growth, rising by 2.3% over the quarter versus 0.8% growth for investors: Meanwhile,

The post Aussie mortgage growth hits the brakes appeared first on MacroBusiness.

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Your Democracy Tuesday, November 30, 2021 - 11:33 Source

 old WOold WO

The unhinged pursuit of profit is destroying us

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MacroBusiness Tuesday, November 30, 2021 - 11:30 Source

Call me skeptical: On Sunday, the Morrison government issued a chest-beating media release promising new court powers to force social media giants to “unmask” anonymous trolls who make defamatory comments online. Prime Minister Scott Morrison is not so much Australia’s answer to online trolling as he is a political example of it. The identity of

The post Troll Morrison to end trolling? appeared first on MacroBusiness.

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MacroBusiness Tuesday, November 30, 2021 - 11:26 Source

CoreLogic has released its daily dwelling values index for 30 November, which shows that values across the five major markets rose by 1.1% over the month – a significant deceleration from earlier this year: Brisbane (2.8%) and Adelaide (2.5%) led growth, with Sydney (0.9%), Melbourne (0.6%) and Perth (0.2%) trailing: Quarterly growth across the five

The post Australian property prices rise 1.1% in November appeared first on MacroBusiness.

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Renew Economy Tuesday, November 30, 2021 - 11:16 Source

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MacroBusiness Tuesday, November 30, 2021 - 11:00 Source

Is Chinese property turning Japanese? The answer is “yes”. But there will be differences. Goldman with the note: The Chinese property market experienced a dramatic boom during the 2010s, similar to the housing boom in Japan in the second half of 1980s. In Japan, land prices halved and economic growth ground to a halt during

The post Goldman: Chinese property is turning Japanese appeared first on MacroBusiness.

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MacroBusiness Tuesday, November 30, 2021 - 10:30 Source

The Herald-Sun reports that Melbourne is set to become Australia’s largest city by 2027 with a population of 5.7 million: In late January 2027, experts forecast that Melbourne will overtake Sydney to become the number one metropolis as its population approaches 5.7 million. According to federal government data it might have happened significantly earlier had

The post Melbourne is already Australia’s largest city appeared first on MacroBusiness.

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MacroBusiness Tuesday, November 30, 2021 - 10:00 Source

The Australian Prudential Regulatory Authority (APRA) yesterday afternoon released its new “more risk-sensitive” bank capital framework, which incentivises banks to lend to lower-risk owner occupiers rather than higher risk investors: The framework, developed over four years of consultation, will help to ensure Australian banks continue to have the financial strength to withstand future adverse economic

The post APRA drops hammer on interest-only mortgages appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, November 30, 2021 - 09:32 Source

  Scott Morrison loves slogans but slogans have a habit of coming back to bite you on the bum. For instance, if you were to ask him about the years he got out of Labor’s Debt and Deficit Disaster he would probably look at you blankly and say he doesn’t recall that. Another that was…

The post Technology Not Taxes ! Oh wait a minute. appeared first on The AIM Network.

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MacroBusiness Tuesday, November 30, 2021 - 09:30 Source

Risk markets recovered some of their nerve after the overreaction on Friday to the new COVID variant breakout, despite Asian share markets still falling on Monday. A higher than expected German CPI print and US pending home sales data also helped risk spirits. European shares and Wall Street lifted more than 1% while bond markets

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Tuesday, November 30, 2021 - 09:30 Source

The ferrous complex was firm on October 29, 2021 as hope trumped sense in the ongoing bear market rally. Spot was up, paper boomed but steel fell: It’s pretty much all bulldust in this market now: Iron ore futures in Singapore jumped nearly 10% as optimism over a bout of restocking by China’s steel mills

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

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MacroBusiness Tuesday, November 30, 2021 - 09:24 Source

Victoria has recorded another 918 new COVID cases and six deaths: By comparison, NSW recorded 179 new cases and three deaths: The next chart plots daily cases, which continue to trend track sideways: Active cases are shown below: Most importantly, hospitalisations are well under control: NSW has reportedly now recorded four Omicron cases – all

The post VIC records 918 COVID cases vs NSW’s 179 appeared first on MacroBusiness.

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Your Democracy Tuesday, November 30, 2021 - 09:03 Source

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