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MacroBusiness Tuesday, May 17, 2022 - 09:30 Source

Last night saw a failure to confirm Friday’s bounceback on stock markets with both European and US shares playing the wobbly game amid tension over interest rates and Chinese growth concerns. The bond market moved around only a little with the 10 year US Treasury yield easing off to just below the 2.9% level, with

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MacroBusiness Tuesday, May 17, 2022 - 09:20 Source

The DXY rocket eased overnight: AUD took the opportunity to bounce: CNY survived its day of disastrous data: Gold help us all if oil breaks out: Metals were mixed: Miners rose: EM stocks are sick: And junk is still pointing everything down: The Treasury curve flattened: But stocks fell: Westpac has the wrap: Event Wrap

The post Australian dollar relief rally continues appeared first on MacroBusiness.

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MacroBusiness Tuesday, May 17, 2022 - 09:00 Source

Anthony Albanese is upset that Labor was not consulted about AUKUS until 24 hours before it was announced even though the Biden administration demanded bipartisan support given the long horizons for the deal: Prime Minister Scott Morrison has denied that Australia broke with the Biden Administration when it decided not to consult Labor about its

The post ScoMo was right to keep AUKUS secret from Labor appeared first on MacroBusiness.

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Your Democracy Tuesday, May 17, 2022 - 07:31 Source

The discussion of foreign policy is one of the low points in the election. It is hard to be otherwise when both major parties are committed to integrating Australia’s military forces with those of the US. This severely curtails the scope for proposing independent policies and raises expectations ensuring the Government and Opposition contribute forces to almost any war America wants it to.

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Your Democracy Tuesday, May 17, 2022 - 06:41 Source

In the past, indiscriminate shelling by Ukrainian Armed Forces already led to the destruction of tankers full of chemicals and the leak of poisonous substances that endangered lives in the Lugansk People's Republic (LPR).

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The Tally Room Tuesday, May 17, 2022 - 06:30 Source

Ben is joined this week by Jill Sheppard and Peter Brent to discuss the state of the campaign, long term voting trends and the seat of Dickson in Queensland.

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Renew Economy Tuesday, May 17, 2022 - 06:10 Source

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MacroBusiness Tuesday, May 17, 2022 - 00:05 Source

Fixed mortgage rates have already ratcheted up, as illustrated in the next chart from CoreLogic: While not captured above, variable mortgage rates have also begun drifting higher following the RBA’s 0.25% hike in the cash rate earlier this month. Steve Mickenbecker from financial comparison site Canstar has warned that around half a million Australians could

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MacroBusiness Tuesday, May 17, 2022 - 00:03 Source

Corelogic’s 2022 housing affordability report, released last week, showed that aspiring first home buyers are being squeezed hard by surging mortgage payments and rents. While the proportion of income required to service a mortgage remains below record highs, it has risen substantially over the past year across both the capital cities and regions: Moreover, the

The post Walls close in on Australian first home buyers appeared first on MacroBusiness.

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MacroBusiness Tuesday, May 17, 2022 - 00:01 Source

Global Macro / Markets / Investing: Bitcoin’s 50% crash erases all of Elon Musk’s gains on Tesla balance sheet – Fortune Saudi Aramco Posts Record Quarterly Profit on Surging Oil Prices – WSJ Global Prices Expected To Rise As India Bans Wheat Exports – Says Results of the week of the blockchain industry – Medium

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Club Troppo Monday, May 16, 2022 - 23:52 Source

Re-evaluating the “equality-efficiency” trade-off

Herewith an article that was published by INET a couple of weeks ago, and Evonomics more recently. I’m republishing it here as it’s my ‘blog of record’ as it were, but also because it enables me to make notes to file as comments.

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Your Democracy Monday, May 16, 2022 - 21:50 Source

Capt. Kirk (John Belushi), Spock (Chevy Chase) and Dr. McCoy (Dan Aykroyd) encounter network executives (Elliott Gould, Garrett Morris) who announce Star Trek is cancelled. Aired 05/29/76

 

https://www.youtube.com/watch?v=Sx0xOgFDXFg

 

MORE TO COME....

 

 

FREE JULIAN ASSANGE NOW.....................

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George Monbiot Monday, May 16, 2022 - 21:40 Source

Those who claim that we can prevent environmental collapse without political pressure or political change are now more dangerous than climate deniers.

By George Monbiot, published in the Guardian 13th May 2022

In seeking to prevent environmental breakdown, what counts above all is not the new things we do, but the old things we stop doing. Renewable power, for instance, is useful in preventing climate chaos only to the extent that it displaces fossil fuels. Unfortunately, new technologies do not always lead automatically to the destruction of old ones.

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THE BLOT REPORT Monday, May 16, 2022 - 20:11 Source
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The Australian Independent Media Network Monday, May 16, 2022 - 18:30 Source

By 2353NM   As you walk into a polling booth next Saturday remember this – despite the media harassing some candidates to outline who they are ‘giving preferences to’ or party workers trying to shove how to vote cards in your hands as you turn up at the booth, no political party controls the preferences that…

The post This election – you do have a say appeared first on The AIM Network.

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Your Democracy Monday, May 16, 2022 - 17:50 Source

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Your Democracy Monday, May 16, 2022 - 16:06 Source

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MacroBusiness Monday, May 16, 2022 - 16:00 Source

Asian share markets have had a tepid response to the bounces on overseas markets from Friday night, with Chinese shares still spooked by the latest retail data showing the middle kingdom is slowing down appreciably. Currency markets remain constrained by a very strong USD with the Australian dollar reverting from its tiny fightback on Friday

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Monday, May 16, 2022 - 15:12 Source

Bango wind farm near Yass in New South Wales (CWP Renewables).

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Renew Economy Monday, May 16, 2022 - 15:11 Source

Boral's cement kiln in Berrima.

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Cheeseburger Gothic Monday, May 16, 2022 - 15:10 Source

We had a couple of days in Melbourne, which I've written about over at Sideboob, mostly wondering at what sort of effect living through the world's longest lockdowns might have on the election.

The city centre had very obviously been hard hit, and at first I worried that two of my favourite places, Mag Nation (a sort of magazine superstore) and The Minotaur (a gigantic nerd shop) had both gone under. Minotaur had been replaced by an axe throwing club, and Mag Nation was just... gone.

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Renew Economy Monday, May 16, 2022 - 15:02 Source

emissions greenhouse gases net zero targets - canva - optimised

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Renew Economy Monday, May 16, 2022 - 15:01 Source

lakeland solar battery queensland

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MacroBusiness Monday, May 16, 2022 - 14:30 Source

Following Australia’s dive down Transparency International’s Corruption Perceptions Index over the Coalition’s term: Australia has also plunged 14 places in one year in the World Press Freedom Index, from 25th place out of 180 to 39th place: Press freedom is fragile in this island-continent of 26 million people, where ultra-concentration of media ownership, combined with growing

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MacroBusiness Monday, May 16, 2022 - 14:00 Source

Prosper Australia has released its 2022 Federal election scorecard, which compares their policy platforms against the major Lib/Lab duopoly. Prosper’s scorecard covers the following key areas of policy, ranked in order of importance: Tax reform – Here we are looking for policy that shifts economic activity from unproductive rent seeking. We are looking for tax

The post Minor parties run policy rings around majors appeared first on MacroBusiness.

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MacroBusiness Monday, May 16, 2022 - 13:30 Source

Westpac’s latest “Home Truths” report forecast a 10% decline in New Zealand house prices this year, followed by a further 5% fall in 2023: We previously expected a 10% peak-to-trough fall in prices over this year and the next; we now expect a total drop of 15%. We’ve also front-loaded the fall, with a 10%

The post New Zealand banks forecast major house price plunge appeared first on MacroBusiness.

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MacroBusiness Monday, May 16, 2022 - 13:00 Source

Roy Morgan has released its inflation expectations survey for April, which shows that expectations fell 0.5% to 5.5% after fuel excise was cut by 22.5 cents in the March federal budget: In April 2022 Australians expected inflation of 5.5% annually over the next two years, down 0.3% points from March 2022. The level of Inflation

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The Australian Independent Media Network Monday, May 16, 2022 - 12:38 Source

It has dominated news cycles, debates and policies since 2020, but COVID-19 continues to exercise the interest of number crunchers and talliers. While the ghoulish daily press announcements about infections and deaths across many a country have diminished and, in some cases, disappeared altogether, publications abound about how many were taken in the pandemic. The…

The post Morbid Matters: Estimating COVID-19 Mortality appeared first on The AIM Network.

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Renew Economy Monday, May 16, 2022 - 12:35 Source

Federal Independent candidate for Wentworth Allegra Spender.</body></html>

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MacroBusiness Monday, May 16, 2022 - 12:30 Source

The National Farmers Federation (NFF) has issued a voting guide to rural electors, ranking the major parties against its 14 policy priorities for the 21 May election. The NFF has rated the Coalition ahead of Labor on 12 of them. The NFF is especially unhappy that Labor wants to scrap the recently introduced agriculture visa:

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