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The Australian Independent Media Network Wednesday, January 5, 2022 - 13:58 Source

The US presidential doctrine is an odd creature. Usually summoned up by security wonks and satellite personnel who revolve around the President, these eventually assume the name of the person holding office. They are given the force of a Papal bull and treated by the priest pundits as binding, coherent and sound. Much of this…

The post In Search of Shallow Doctrines: Joe Biden and Trumpism Shorn appeared first on The AIM Network.

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MacroBusiness Wednesday, January 5, 2022 - 13:30 Source

The winter of discontent is here as the Australia dollar faces more downgrades as economists and crystal ball gazers re-evaluate the Pacific Peso in the wake of the disastrous Omicron outbreak. The AFR’s quareterly surevey is still showing some upside delusion across the board, with most thinking the Aussie will get to 73C by mid

The post Australian dollar forecasts are built on hope and not much else appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 5, 2022 - 13:00 Source

Governments across Australia are being pressured to ban the use of dark coloured rooftops in new homes to reduce urban temperatures and energy use: A number of groups are pushing for the change as part of the updating of the National Construction Code (NCC), which could make cooler roofs mandatory by September 2022. “It would

The post Governments look to ban dark coloured rooftops to cool cities appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 5, 2022 - 12:29 Source

QLD has recorded another 6781 new COVID cases over the past 24 hours: There are now 32,705 active cases across the state: QLD Chief health officer Dr John Gerrard said case numbers were “much higher” than the official tally because many people with mild symptoms were not being tested. “Despite significant number of cases, there

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MacroBusiness Wednesday, January 5, 2022 - 12:00 Source

And you think Australian property is booming? The US is having another mammoth surge in property values, helped along by debt of course. From the WSJ: Mortgage lenders issued $1.61 trillion in purchase loans in 2021, up from $1.48 trillion in loans issued in 2020 and marking the highest mortgage borrowing numbers ever recorded. The

The post US housing market soars as loans reach new records appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 5, 2022 - 11:30 Source

Brisbane was the fastest growing major capital city in 2021, recording dwelling value growth of 28.4% according to CoreLogic: Industry experts are tipping Brisbane to lead price growth again in 2022, buoyed by strong internal migration and superior affordability compared with its southern counterparts: Domain chief of research and economics Nicola Powell said, out of

The post Why Brisbane’s property boom will continue appeared first on MacroBusiness.

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The Australian Independent Media Network Wednesday, January 5, 2022 - 11:06 Source

John Howard – how this clusterfuck started God save the queen And bless all her palaces Johnny was stuck in a time-warped paralysis Back to the future is where we should be Chaplains in schools and WorkChoices macht frei   Summers of cricket And white picket fences Bugging East Timor with no consequences Men at…

The post Ode to a Rodent appeared first on The AIM Network.

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MacroBusiness Wednesday, January 5, 2022 - 11:00 Source

An $18 user surcharge is expected to be levied on the users of Melbourne’s airport rail link, according to secret documents: Passengers on the long-awaited Melbourne Airport Rail Link face a special $18 surcharge to catch the train to Tullamarine. The Herald Sun can reveal the project’s secret business case, which is yet to be

The post Melbourne’s airport rail another rip-off infrastructure project appeared first on MacroBusiness.

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xkcd.com Wednesday, January 5, 2022 - 11:00 Source

RIP the surface of Mars

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THE BLOT REPORT Wednesday, January 5, 2022 - 10:41 Source

Some time ago (August 22, 2021), Prime Minister Scott Morrison tried to shift the focus from the daily reports of Covid-19 case numbers. He said that the focus “on case numbers was very important when we knew nothing about this virus and whether our hospital system would be able to cope. A lot has changed since then. Increasingly we need to look beyond just the case numbers to know what our future holds. How we can keep safe and how we get our lives back in a COVID world. Case numbers are important, but they are not the whole story.”1

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The Tally Room Wednesday, January 5, 2022 - 10:30 Source

Last year’s NSW council elections were the first council elections to use iVote, the online voting platform. It proved to be a popular option, which caused problems with the platform being overwhelmed by late registrations on election day, leading to many voters not being able to cast their votes.

iVote proved to be a source of a significant share of the vote, much bigger than postal voting. As expected, there was a decline in election day voting. While pre-poll voting did increase, most of that dropoff shifted to iVote.

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MacroBusiness Wednesday, January 5, 2022 - 10:30 Source

CoreLogic has released data showing that rental growth nationally rose by 9.4% over the 2021 calendar year – the strongest annual growth since January 2008: Nationally, dwelling rents increased by 9.4% over the 2021 calendar year. Unit rents were up 7.5% over the year compared to the 10.1% lift recorded in house rents. Rental growth

The post Aussie rents boom like its 2008 appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 5, 2022 - 10:00 Source

Wall Street couldn’t wait for the new year to hit new time highs, having lifted nearly 30% in 2021, capping off one of the best years in history. The funny thing is, there’s been more than seventeen times since 1928 where the US stock market went up 30% or more in a calendar year, but

The post Buffett Indicator at all time high as US equities soar appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 5, 2022 - 09:30 Source

The good times continued on overnight stock markets although tech stocks on Wall Street had a stumble with profit taking on big numbers like Tesla and Apple despite a very solid manufacturing PMI print for December. Currency markets continued to recover from a period of low volume, nearly back to normal with USD hitting a

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 5, 2022 - 09:26 Source

NSW has recorded an extraordinary 35,054 new COVID-19 infections alongside eight deaths: By comparison, Victoria has recorded 17,636 new COVID infections and 11 deaths: The next chart plots cases since the beginning of the Delta wave last winter. You can clearly see the extraordinary breakout in Omicron cases across both jurisdictions: Active cases have also

The post NSW COVID infections surge by 35,000 appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 5, 2022 - 09:00 Source

Morgan Stanley with the note: Tesla reported 4Q unit deliveries roughly 15pct ahead of consensus, annualizing to over 1.2mm units BEFORE contribution from Austin and Berlin which we ultimately expect to be far larger plants than Fremont and Shanghai. 3key thoughts: It’s not just the unit beat, but the favorable economics from reducing the proportion

The post 2022 could be the year Tesla goes Teracap appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 5, 2022 - 08:30 Source

The iron ore complex saw a big jump in spot prices on Tuesday, up nearly 3% to get back above $120USD per tonne, while Dalian coking coal hit a two month high: Meanwhile, the recent Indonesian ban on coal exports is hitting thermal coal futures in mainland China: China’s thermal coal futures surged by as

The post Daily iron ore price update (coal soars on Indonesian ban) appeared first on MacroBusiness.

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The Australian Independent Media Network Wednesday, January 5, 2022 - 06:00 Source

Election Diary. 2022. No1. 5 January 2022. “The baggage the LNP have dragged from one year to the next has gotten heavier and heavier.”  I am starting my Election Diary early this time around. It would seem the pollies are off and running, so I thought I had better get my running shoes on. Yet…

The post The baggage the LNP have dragged from one year to the next has gotten heavier and heavier appeared first on The AIM Network.

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Your Democracy Wednesday, January 5, 2022 - 05:59 Source

liarliar

This is an extract from the ninth Christmas, Hanukkah and New Year message of the former Labor MP, science minister and national president of the ALP.

The year 2020 was bad enough, but the cumulative effect of  another Covid year, with the prospect of a third coming up, was debilitating, and shook many comfortable assumptions we might have had about an ambitious commitment to improve the state of the world.

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Your Democracy Wednesday, January 5, 2022 - 05:34 Source

covidcovid

Good evening and thanks for reading our live coverage. 

If you’re just joining us, here’s a quick recap of the day’s events. 

read more

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MacroBusiness Wednesday, January 5, 2022 - 00:10 Source

The Australian has published an article claiming that Australia’s army of unemployed are incapable of filling job vacancies, thereby necessitating the business lobby’s call for a gigantic ‘skilled’ migrant intake: A yawning skills gap needs to be plugged if Australians are to fill the surge in job vacancies through the pandemic – with nine in

The post Why won’t businesses train Australian workers? appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 5, 2022 - 00:05 Source

McKinsey Global Institute has released a new report entitled, The rise and rise of the global balance sheet, which shows that the market value of the world’s balance sheet tripled in the first two decades of this century, driven by real estate. Below is the summary of this report: While the state of economies is

The post Real estate dominates the world’s balance sheet appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 5, 2022 - 00:01 Source

Global Macro / Markets / Investing: Only 10% of Bitcoin Supply Left to Be Mined – Valkyrie Cryptocurrency Car shortage could change buying behavior forever – Axios How Big Pharma Lies About Benefits of Drugs — The One Most Powerful Trick You Should be Aware Of – World Affairs Markets and the economy brace as

The post Links 5 January 2022 appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 4, 2022 - 17:00 Source

A not so quiet start to the trading year for Asian stock markets with some big swings higher as the lift on Wall Street overnight is embiggening risk spirits across the region. The Australian dollar however remains under pressure as does Bitcoin, struggling at the $46K level as gold claws through the NY/XMas volatile period

The post Macro Afternoon appeared first on MacroBusiness.

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Cheeseburger Gothic Tuesday, January 4, 2022 - 16:18 Source

On the first work day of each year I like to spend the day meandering around my office, scratching my arse pondering what the future will bring, or more accurately how I can shape it to deliver the things I like — royalty cheques, big advances, gold plated hovercraft.

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MacroBusiness Tuesday, January 4, 2022 - 14:30 Source

Goldman Sachs with the note: Bottom line: The NBS manufacturing PMI rose to 50.3 in December from 50.1 in November, likely due to restocking demand on the back of normalized raw material prices and policy easing. The output sub-index in the NBS manufacturing PMI survey fell in December, while the new orders sub-index increased. The

The post Chinese manufacturing ends 2021 on positive note appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 4, 2022 - 14:07 Source

South Australia has recorded 3,246 new COVID cases, up from 2552 cases yesterday: Active cases have also risen to 17,283: South Australia is currently treating 102 people in hospital, with 12 people in ICU and one person who is ventilated. Of the people in hospital with COVID, 30% to 40% are not fully vaccinated.

The post South Australia records 3246 new COVID cases appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 4, 2022 - 14:00 Source

Inflation can be a bitch, particularly when you’re an autocrat like Turkish President Erdogan as he struggles to stifle a run in the Turkisk Lira with some very bizzare policies as double digit MONTHLY inflation is now baked in: Turkey’s annual inflation soared to its highest in 19 years, data showed on Monday, laying bare

The post Will the Australian dollar go Turkey in 2022? appeared first on MacroBusiness.

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Club Troppo Tuesday, January 4, 2022 - 13:59 Source

The Hidden Persuaders

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MacroBusiness Tuesday, January 4, 2022 - 13:30 Source

Amid the recent surge in demand, Victorian COVID-19 Commander Jeroen Weimar announced today that 54 private PCR testing sites will temporarily close in a bid to catch up on the backlog of tests: “They will continue to work 24-7 to process the backlog of test results”. “It is a challenging time for all of us.”

The post Calls for COVID testing overhaul appeared first on MacroBusiness.

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