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MacroBusiness Friday, January 27, 2023 - 13:00 Source

With the Australian dollar surging nearly 15% higher against the USD in the last three months, there’s been a lot of spin and gabbing over the Pacific Peso turning into a “safe haven” against the US economy, or alluding to the economic strength down under recently. Once you take a step back away from short

The post Australian dollar could shock before Reserve Bank meeting appeared first on MacroBusiness.

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Your Democracy Friday, January 27, 2023 - 12:56 Source

The fact that the US, Germany and several other countries announced they would be supplying Ukraine with main battle tanks doesn’t mean NATO is at war with Moscow, the French Foreign Ministry said on Wednesday. The comments from Quai d’Orsay come after the controversial speech by German Foreign Minister Annalena Baerbock in the European Parliament earlier this week. 

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Renew Economy Friday, January 27, 2023 - 12:32 Source

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MacroBusiness Friday, January 27, 2023 - 12:30 Source

The Market Ear with the latest. NASDAQ – working on the break out Above the negative trend line, above the 12k level, but still below the 200 day moving average. The “tech as the main pain trade” logic continues to work very well and frustration is running high. Let’s see how far they “must” chase

The post Stocks fight the bear appeared first on MacroBusiness.

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MacroBusiness Friday, January 27, 2023 - 12:00 Source

In this investment podcast Nucleus Wealth Chief Investment Officer, Damien Klassen and Senior Financial Adviser, Samuel Kerr looked at the early results from reporting season and how expectations are changing. We also scoot around the world looking at sector and country valuations. Where looks cheap, and which countries have run too hard? Agenda: Global Earnings

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MacroBusiness Friday, January 27, 2023 - 11:30 Source

John Kemp has a piece today that is well worth repeating: In the first scenario, the global economy tips into recession, cutting distillate consumption, boosting inventories and lowering prices. Lower diesel costs filter through to the manufacturing and transport sectors and contribute to a deceleration in inflation. In the second scenario, the economy continues growing,

The post Oil a problem for any global soft landing appeared first on MacroBusiness.

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The Tally Room Friday, January 27, 2023 - 11:00 Source

One of the most fascinating aspects of the Victorian state election was the role of the small left-wing minor parties. The Greens used to have this lane largely to themselves, but a number of other parties have now emerged, with two of these parties winning seats in the upper house. Those parties also changed the direction of the upper house by opting to preference each other (and then Labor and the Greens) rather than deal with other small parties.

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MacroBusiness Friday, January 27, 2023 - 11:00 Source

A good take on China’s reopening from Societe General. This is why I am skeptical of iron ore and coking coal bull markets running beyond H1 inventory building. Consumer to lead: Property in liquidity trap as demographics plunge: Fiscal to step in but infrastructure to slow: And exports to bust: Not your father’s China recovery.

The post China consumer boom means construction bust appeared first on MacroBusiness.

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xkcd.com Friday, January 27, 2023 - 11:00 Source

Surely (no one/everyone) will (recognize how flexible and useful this architecture is/spend a huge amount of effort painstakingly preserving and updating this garbage I wrote in 20 minutes)

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MacroBusiness Friday, January 27, 2023 - 10:30 Source

The Housing Industry Association (HIA) has released new home sales data for December, which “continue to decline sharply following the fastest increase in the cash rate in a generation”: “Sales of new homes fell by 4.6% in December”, according to the HIA, “leaving sales in the final quarter of 2022 a remarkable 42.0% lower than

The post Reserve Bank crashes Aussie new home sales appeared first on MacroBusiness.

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MacroBusiness Friday, January 27, 2023 - 10:00 Source

Wall Street was able to follow through on its recent surge on the back of strong GDP data with European shares also lifting as Euro stopped climbing higher. The USD remains under some stress against the majors with Euro oscillating around the 1.09 handle while the Australian dollar holds firmly above the 71 cent level.

The post Macro Morning appeared first on MacroBusiness.

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Renew Economy Friday, January 27, 2023 - 09:58 Source

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MacroBusiness Friday, January 27, 2023 - 09:30 Source

There’s nothing quite like the combination of an idiot MSM and a lying pollie: Stubbornly high inflation could force the Reserve Bank to deliver an additional three rate hikes and risk recession, after surging holiday and electricity prices drove inflation to its highest level in more than 30 years. Consumer price growth lifted to 7.8

The post It ain’t gas and electricity driving the CPI…yet appeared first on MacroBusiness.

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MacroBusiness Friday, January 27, 2023 - 09:00 Source

After the inflation shocker a few days ago, the outlook for a deeper Australian recession is taking shape. It will be driven by two extra interest rate hikes in the next two months, ensuring that house prices continue to fall fast and households experience a material asset price shock with consumption to follow. It was

The post Australian recession takes centre stage appeared first on MacroBusiness.

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Your Democracy Friday, January 27, 2023 - 08:45 Source

The Kiev Purge: What has spurred a wave of resignations among senior Ukrainian officials?Turmoil in the capital and the regions may be a result of the West’s dissatisfaction with how things are unfolding

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Renew Economy Friday, January 27, 2023 - 06:58 Source

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Cheeseburger Gothic Friday, January 27, 2023 - 06:53 Source

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Your Democracy Friday, January 27, 2023 - 05:51 Source

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MacroBusiness Friday, January 27, 2023 - 00:05 Source

I have been warning for months that Australia’s soaring residential asking rents, which are rising at a record double-digit rate nationally, will apply significant upward pressure to the Consumer Price Index (CPI) in 2023. In turn, this soaring rental inflation will pressure the Reserve Bank of Australia (RBA) to lift interest rates further, or at

The post Australia’s rental inflation shock arrives appeared first on MacroBusiness.

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MacroBusiness Friday, January 27, 2023 - 00:01 Source

Global Macro / Markets / Investing: McDonald’s, In-N-Out, and Chipotle are spending millions to block raises for their workers | CNN Business Russian FM says BRICS group to consider common currency – AANews Americas: Georgia’s Former Lt. Gov. Says There’s Enough Evidence to Indict Trump – Newsweek Lawyer: Admins were warned 3 times the day

The post Links 27 January 2023 appeared first on MacroBusiness.

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George Monbiot Thursday, January 26, 2023 - 21:39 Source

What does democracy mean, under governments like this?

By George Monbiot, published in the Guardian 18th January 2023

Don’t let them talk to you about freedom. This government is stripping out fundamental liberties with the speed and determination you would expect in the aftermath of a military coup. Knowing that their days in office are numbered, the Conservatives seem to be snuffing out democracy as quickly as they can.

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Renew Economy Thursday, January 26, 2023 - 21:33 Source

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Cheeseburger Gothic Thursday, January 26, 2023 - 16:20 Source

But I’ll bet you can’t find him because he is NOT in the pool. No. Not at all. Because that would be wrong.

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THE BLOT REPORT Thursday, January 26, 2023 - 15:01 Source

Despite all the fannying around by politicians indicating that the Covid-19 pandemic is over and that we are in a post-Covid-19 time1, 2, and despite all the prognostications, by some people like Fabio Codswallop (i.e. Nick Coatsworth), who should know better, that the Covid-19 pandemic would end last year3, it is not over, not by a long chalk.

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Cheeseburger Gothic Thursday, January 26, 2023 - 12:58 Source

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The Tally Room Thursday, January 26, 2023 - 11:00 Source

In the weeks after the Victorian election, I saw some analysis looking at the geographic patterns of support for some of the parties. One of the things I was most interested in identifying was the relationship between informal voting trends and support for particular parties.

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Your Democracy Thursday, January 26, 2023 - 10:36 Source

NATO's best tanks are going to Ukraine, what will it mean on the battlefield?

Kiev will get what it demanded from the West, but will it be enough?

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Your Democracy Thursday, January 26, 2023 - 09:45 Source

YOU DON’T KNOW ME FROM A SOAP PUMP (SOAP-BARS ARE SO PASSé). BUT I WOULD LIKE TO REMIND YOU THAT THE TIME OF HAVING FUN WITH AMERICAN/AUSTRALIAN/WORLD POLITICS HAS COME TO AN END. 

THE SAME GOES FOR THE FAKY-LEFTY, GEORGE SOROS.

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THE BLOT REPORT Thursday, January 26, 2023 - 09:20 Source
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Your Democracy Thursday, January 26, 2023 - 08:25 Source

IT IS IMPOSSIBLE TO RELATE HISTORY BLOW BY BLOW. SO HISTORIANS WILL CHOOSE IMPORTANT MOMENTS AND DECISIVE ACTS. AS “WE” (THE WESTERN WORLD — THE OCCIDENT) BUILD UP TOWARDS A WAR AGAINST RUSSIA, WE (GUS LEONISKY AND HIS PUB MATES) HAVE BEEN TRYING TO EXPOSE THE HYPOCRISY OF POLITICS — MAINLY THAT OF THE AMERICAN POLITICS.

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