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MacroBusiness Tuesday, January 4, 2022 - 13:00 Source

Deutsche Bank with the note: As we close out 2021, it is fair to say that this year has been one of the lowest vol years for credit on record. A perfect calm of the strongest growth for decades, coupled with still extreme level of stimulus has resulted in very low spread ranges. We think

The post Global economy facing “growthflationary” environment in 2022 appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 4, 2022 - 12:30 Source

Via IHS Markit: Growth of Australia’s manufacturing sector slowed in December, according to the latest IHS Markit PMI™ data. Demand and output rose at slower rates, as did purchasing activity. However, the rate of job creation was unchanged. Supply constraints persisted, with longer lead times recorded, contributing to higher backlogged orders. Price pressures meanwhile climbed

The post Aussie manufacturing PMI eases on supply constraints appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 4, 2022 - 12:00 Source

A great way to start the new year – a potential Chinese housing crash that could spillover to Australia? Evergrande has been put into a trading halt in Hong Kong yesterday – more from ABC: Troubled Chinese property giant Evergrande’s shares have been suspended from trading on the Hong Kong stock exchange. The company did

The post Evergrande crisis deepens appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 4, 2022 - 11:31 Source

Queensland has recorded a record high 5,699 new COVID cases with active cases rising to 25,924: The next charts plot the surge in cases across Queensland: Meanwhile, Tasmania has recorded 702 new COVID cases, a rise from 466 yesterday: And the ACT has recorded 926 new COVID cases, up from 514 yesterday: COVID is exploding

The post QLD, TAS and ACT record big rises in COVID cases appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 4, 2022 - 11:20 Source

National Seniors Australia (NSA) claims that Australia’s aged pension system discourages older Australians from working, thereby contributes to labour shortages: National Seniors chief advocate Ian Henschke said something was wrong in Australia’s pension system design when only 14.2 per cent of Australians aged 65 and over were in the workforce compared to one in four

The post A universal pension would lift labour force participation appeared first on MacroBusiness.

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The Tally Room Tuesday, January 4, 2022 - 11:00 Source

The 2021 NSW council elections produced a step change in the number of women elected to local councils. The numbers not only went up, but it was the highest increase that I could find on record. The numbers appear to have reached some kind of tipping point that means that a significantly larger number of councils now have a majority of councillors who are women.

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MacroBusiness Tuesday, January 4, 2022 - 10:45 Source

CoreLogic has released its full dwelling value results for December, which is summarised in the below table: Nationally, dwelling values rose by 1.0% over December to be up 3.9% over Q4 and by 22.1% over the calendar year. Australia’s regions led the price growth, growing 2.2% over the month, by 6.4% over Q4 and by

The post Regional property surges past the capitals appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 4, 2022 - 10:30 Source

Goldman Sachs with the note: Bottom line: The PBOC held its Q4 monetary policy committee meeting on December 24th, with the meeting statement released on the evening of 25th December. The PBOC’s Q4 MPC meeting echoed Beijing’s stance at the recent Central Economic Working Conference (CEWC) – it emphasized policymakers would step up support to

The post PBOC ramps up easing rhetoric heading into 2022 appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 4, 2022 - 10:00 Source

The ABS released detailed labour market data for the November quarter of 2021, which provides a good snapshot of how the jobs market has changed over the pandemic. Australia gained 185,300 jobs over the November quarter as NSW, Victoria and the ACT emerged from lockdowns. These gains were broad-based, with the exception of manufacturing, which

The post How Australia’s job market has changed during COVID? appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 4, 2022 - 09:40 Source

NSW has recorded a record high 23,131 new COVID cases over the past 24 hours and two deaths: Victoria has also posted a record high 14,020 new COVID cases and two deaths: The next chart plots the explosion of cases across both jurisdictions since the Delta outbreak last winter: Active cases have exploded across both

The post NSW and VIC COVID cases hit new highs appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 4, 2022 - 09:00 Source

Goldman Sachs’ Global Economics Analyst has released its top 12 charts of 2021. Below is the overview: The global economy recovered rapidly in 2021 as demand surged. Mass vaccinations and adaptation made growth less sensitive to infections although risk aversion to the virus remained high in Asia-Pacific for much of the year. Fiscal policy turned from

The post Top 12 global economic charts of 2021 appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 4, 2022 - 08:30 Source

It’s time to crack the knuckles and get set for a new trading year with a quick look at what risk markets got up to over the Xmas/NY break as traders return to their desks slowly full of Christmas food (and possibly COVID blues). Volatility was relatively benign, all things considered, on Wall Street and

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 4, 2022 - 08:00 Source

Prices varied across the Christmas/NY gap with some volatility around the $120USD per tonne price for spot iron ore while rebar futures held their ground as we head into the New Year: The taps are very slowly being screwed by the Chinese government as they continue to look for more self-sufficiency in iron ore supply.

The post Daily iron ore price update (China wants it all) appeared first on MacroBusiness.

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Your Democracy Tuesday, January 4, 2022 - 05:32 Source

feralsferals

Utqiagvik, Alaska: After two days in the thick snow on America’s most northerly tip, there were still no signs of polar bears. The beasts, residents said, had moved to Russia.

“It wasn’t always like this,” said Herman Ahsoak, a whaling captain from Utqiagvik, Alaska, who was acting as a guide.

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MacroBusiness Tuesday, January 4, 2022 - 00:10 Source

2022 has only just begun and already the vested interests are demanding a massive lift in Australia’s migrant intake. The latest special pleading comes from KPMG, which has demanded net overseas migration (NOM) be lifted to a record high 350,000 people a year this decade to make up for the ‘lost’ immigration over the COVID

The post KPMG demands 350,000 strong immigration delude appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 4, 2022 - 00:10 Source

2022 has only just begun and already the vested interests are demanding a massive lift in Australia’s migrant intake. The latest special pleading comes from KPMG, which has demanded net overseas migration (NOM) be lifted to a record high 350,000 people a year this decade to make up for the ‘lost’ immigration over the COVID

The post KPMG demands 350,000 strong immigration delude appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 4, 2022 - 00:05 Source

Australia’s housing market ended 2021 with the strongest value growth in 32 years. As shown in the next chart, Australian dwelling values rose a whopping 20.9% in 2021 across the five major capital cities – the strongest annual increase since 1989: Brisbane (28.4%), Sydney (25.3%) and Adelaide (23.2%) each experienced above average price growth in

The post Aussie housing market ended 2021 on 32-year high appeared first on MacroBusiness.

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MacroBusiness Tuesday, January 4, 2022 - 00:01 Source

Global Macro / Markets / Investing: RadioShack to rebrand as cryptocurrency exchange platform – Fox Business Why price controls are a bad tool for fighting inflation – Noah Opinion COVID-19 Treatments Belong to the People, Not Price-Gouging Pharma Companies – Jacobin Mag The end of 2021… Oil records the largest annual gain in 12 years

The post Links 4 January 2022 appeared first on MacroBusiness.

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George Monbiot Monday, January 3, 2022 - 19:50 Source

The ease with which I registered my dead goldfish as a waste disposer shows how total regulatory collapse has opened the door to organised crime.

By George Monbiot, published in the Guardian 24th December 2021

It’s a tragic story, with a happy ending. Until I was seven, I had a goldfish called Algernon. He wasn’t the most exciting pet, but I was quite upset when I found him floating one morning on the surface of his little tank. This, or so I thought, was the end of a short and uneventful existence.

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The Australian Independent Media Network Monday, January 3, 2022 - 17:50 Source

I’ve been on a journey. I’ve wandered many trails. I’ve lost my way, then found my way, and then lost and found my way again. My feet have felt the red earth and my eyes have gazed at the stars, and the road trip to Self has sent me down many dead ends, many circular…

The post The Highway of Hope appeared first on The AIM Network.

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The Tally Room Monday, January 3, 2022 - 12:00 Source

Last week I updated my blog post analysing the vote for the bigger parties across Greater Sydney, with a map showing vote and swings.

In the process of doing other analysis I realised I hadn’t actually looked at the numbers of councillors elected. There’s also an interesting story about how voters outside of Greater Sydney are voting. While voting for independents remains the predominant choice, parties are growing quickly.

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The Australian Independent Media Network Monday, January 3, 2022 - 11:09 Source

Putting aside the wishes of Chemist Warehouse, and Scott Morrison’s trademark retreat from leadership, there is a very obvious and easy way to solve the supposed dilemma of Rapid Antigen Tests – put them on the PBS. Every month, changes are made to the PBS – new medications coming on, some coming off – which…

The post How to solve the RAT supply dilemma appeared first on The AIM Network.

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xkcd.com Monday, January 3, 2022 - 11:00 Source

I always felt like what the 'you are now aware of your tongue' thing neeeded in order to be truly enjoyable was an element of mortal peril.

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The Australian Independent Media Network Monday, January 3, 2022 - 08:36 Source

Now, there’s been a bit of a pile on about ScottyfromPeteEvansPotentialReplacement and his barramundi from Humpty Doo… You know the sort of thing, lefty bastards with their politics of envy asking how much it cost the taxpayers for this fish to be flown in for the PM’s NYE feast. Well, I can’t answer that but…

The post It’s Not Easy Being Privileged Or What’s Wrong With Barramundi? appeared first on The AIM Network.

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THE BLOT REPORT Monday, January 3, 2022 - 08:20 Source

The electorate of Goldstein was named after the suffragist and women’s rights activist Vida Jane Goldstein. She was born in Portland, Victoria in 1869, the eldest of five children and was raised in an affluent middle-class home and educated at Presbyterian Ladies College in Melbourne. Goldstein’s mother Isabella was an early feminist and undertook ‘good works’ in the slums of Collingwood.

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THE BLOT REPORT Sunday, January 2, 2022 - 21:29 Source
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Your Democracy Sunday, January 2, 2022 - 09:59 Source

wheatshopwheatshop

Gus Leonisky has no proof yet he will postulate that dark energy and dark matter were PRESENT BEFORE THE BIG BANG. This is a big statement. I challenge mathematicians and physicists to come up with an interpretation of this pseudo-reality. 

The medium so stated — dark energy and dark matter — is absorbing the newly created Big Bang like a bit of blotting paper, until there could be a point of "saturation"...

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Your Democracy Saturday, January 1, 2022 - 17:02 Source

gaddafiblairgaddafiblair

Controversial former UK Prime Minister Tony Blair received a knighthood from Queen Elizabeth II this week, sparking outrage from Brits who argued he should be in prison for his involvement in the Iraq War instead.

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The Australian Independent Media Network Saturday, January 1, 2022 - 11:11 Source

As NSW records over 22,000 new cases of COVID and the number in hospital races towards a thousand, it’s worth getting to know the man who decided to “open up” just as the Omicron strain was taking off. At 39, Dominic Perrottet is our youngest premier.  He is one of 12 children and is about…

The post Know your Premier appeared first on The AIM Network.

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Your Democracy Saturday, January 1, 2022 - 10:40 Source

HAPPY NEW YEAR TO ALL

This show would be the first of its kind in the world (spherical pyrotechnics). It's worth watching.

 

https://www.youtube.com/watch?v=6OrBtvheMMw

 

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