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Auction clearance rates were universally strong over the weekend despite massive volumes. The national preliminary clearance rate was 81.8%, down only slightly from the 83.3% recorded the prior weekend. This was off a whopping 2,920 volumes, up from the prior weekend’s 2,727. Sydney’s preliminary clearance rate ran hot at 85.0% versus 83.2% the prior weekend,

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DXY was stable Friday night: The AUD was a one way rocket: As the record short tasted vomit for the first time: The commodity bubble inflated: But not iron ore miners: The bubble has given EM stocks a reprieve: But junk still fell: Treasury yields backed up some more but the curve appear to be

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coffeeMore Than Just a Coffee Shop: Ex-CIA Agent Says Spies Use Starbucks to Meet Handlers In her book, the former recounts her eight years at the Central Investigation Agency (CIA) and reveals some interesting details.  Spies use Starbucks coffee shops to meet their handlers, ex-CIA agent Amaryllis Fox writes in her book "Life Undercover: Coming of Age in the CIA." Fox explains how such rendezvous were set up:

Senate committee endorses offshore wind bill, a key stepping stone to several huge project proposals that could help kick coal out of system.

St Hilda’s Anglican School for Girls is a private school in Perth1. For girls to attend, they charge $17,786 for Kindergarten and $27,120 for Year 12, with other years being in between2, so it is mostly for the upper crust of Western Australian society.

peter

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Gangs of thugs rampage through the countryside. Yet the police look the other way, and the government does nothing.

By George Monbiot, published in the Guardian 13th October 2021

Something is going badly wrong in the countryside. For years, despite abundant video evidence, bloodsports enthusiasts have intimidated and attacked people who criticise and seek to monitor them, with apparent impunity.

It was not for everybody, but the shock advertising tactics of the Australian comedian Dan Ilic made an appropriate point. Australia’s Prime Minister Scott Morrison, a famed coal hugger, has vacillated about whether to even go to the climate conference in Glasgow. Having himself turned the country’s prime ministerial office into an extended advertising agency,…

The post Cheap Grace and Climate Change: Australia and COP26 appeared first on The AIM Network.

It seems almost inconceivable that the culture wars that have dominated Australian public life for decades could end, and with victory for the progressive side on nearly every front.  And I have made premature predictions to this effect before. 

 But consider the following list of events over the last couple of years, many in the last few months.

Watching Barnaby Joyce being interviewed by Lee Sales on 7.30 last Tuesday was like an over the hill comedian in the final throes of his decline. He couldn’t get through a line without fluffing it. In doing so, he refused to answer any questions at all to the point where one wondered what on earth…

The post If the Nat’s don’t join Rupert’s crusade, he will finish them appeared first on The AIM Network.

Global Macro / Markets / Investing: New Research from Groundwork Collaborative Shows Link Between Price Hikes, Monopoly, and Corporate Greed – Groundwork Collaborative The climate disaster is here – an interactive – The Guardian The Impact of Public Debt on Economic Growth – Cato High Inflation Is Here To Stay – Reason How natural disasters

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nsw

The federal opposition likes to deride Scott Morrison as the Prime Minister for New South Wales.

But with a new leader in that state it's increasing clear that it's not the opposition causing him headaches but a man fast earning a reputation as the Premier of Australia, Dominic Perrottet.