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MacroBusiness Monday, August 2, 2021 - 12:30 Source

Nordea with the note: If the Doves wanted an excuse to postpone all taper talk, then they needed to look no further than the Delta strain, yet the Fed refrained from using it as an excuse. Sometimes the things that are left unsaid are the most important. At the press conference this week Powell also

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Renew Economy Monday, August 2, 2021 - 11:45 Source

Neoen says ramp up of Bulgana wind battery hub slower than it had hoped, but it should reach full capaci

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MacroBusiness Monday, August 2, 2021 - 11:40 Source

“Team Australia” has been breaking apart for some time now as premiers and federalies tear at each other’s throats. The media is enjoying the COVID state of origin. Now the banks have joined in: CBA is tightening leading criteria focussed specifically on any loss of income incurred owing to COVID. JobKeeper-syle payments will not longer

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MacroBusiness Monday, August 2, 2021 - 11:32 Source

NSW Health has recorded another 207 locally acquired COVID cases over the past 24 hours, which follows the 210 cases reported on Saturday and the 239 cases recorded on Sunday: NSW recorded 207 new locally acquired cases of COVID-19 in the 24 hours to 8pm last night. Of these locally acquired cases, 105 are linked

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MacroBusiness Monday, August 2, 2021 - 11:20 Source

CoreLogic’s July housing market report, released today, showed that the number of for sale listings across the nation continues to plummet, which is helping to fuel the rapid price growth experienced across the nation. The next chart summarises the supply situation, with listings running more than 25% below the five year average. There has also

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Your Democracy Monday, August 2, 2021 - 11:09 Source

juanitajuanita

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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MacroBusiness Monday, August 2, 2021 - 11:00 Source

I have pointed out any number of Wall Street strategists that have been wrong about rising US yields this year as they await the inflation boogeyman. They all have their excuses: Bonds were oversold and the recent bid is technical. It’s Delta! It’s Fed buying distorting the market. It’s Japanese selling. So on and so

The post US bonds are the new widowmaker trade appeared first on MacroBusiness.

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The Australian Independent Media Network Monday, August 2, 2021 - 10:52 Source

By Denis Bright   Like the tornado from The Wizard of Oz, COVID’s Delta variant has taken charge globally. The Delta variant accounts for 82 per cent of US COVID cases according to data from the Center for Disease Control and Prevention (CDC) on 17 July 2021. Just back in May 2021, the caseload from the…

The post Seeking the Post-COVID Sunshine: Rekindling the Quest for Happy Days appeared first on The AIM Network.

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MacroBusiness Monday, August 2, 2021 - 10:40 Source

Fairfax reports that while tens-of-thousands of Australians remain stranded abroad during the pandemic, the Morrison Government has granted nearly 15,000 rich foreigners entry to Australia via the business innovation and investment visa program (BIIP): Nearly 15,000 visas have been granted to foreign millionaires under the controversial business innovation and investment visa schemes. These types of

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MacroBusiness Monday, August 2, 2021 - 10:33 Source

South East Queensland’s hard lockdown has been extended to 4pm Sunday after the state recorded another 13 new locally acquired COVID cases, bringing the state’s total to 31: South East Queensland lockdown extended until 4pm Sunday. Full details to come pic.twitter.com/YqWkncjk9V — Queensland Health (@qldhealthnews) August 2, 2021 QLD Deputy Premier Stephen Miles explained that

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Renew Economy Monday, August 2, 2021 - 10:26 Source

A software platform described as an essential tool to understand rapidly developing carbon markets launched by its Australian developers.

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MacroBusiness Monday, August 2, 2021 - 10:21 Source

Big news for the technoweaners:

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MacroBusiness Monday, August 2, 2021 - 10:20 Source

Not that I’d recommend buying them. The sovereign risk is far too great. And it is too much fun cheering from the sidelines as a self-sabotaging CCP does itself harm. Still, Chinese equities matters for many other asset prices beyond China. The crunch is a part of the post-COVID return to Chinese economic restructuring. The

The post How far will Chinese stocks fall? appeared first on MacroBusiness.

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MacroBusiness Monday, August 2, 2021 - 10:00 Source

Over the weekend China released its latest round of official PMIs with manufacturing fading at 50.4 and services also slipping to 53.3: New orders are also softening for both as well, and new export orders are falling away: All pretty much as expected as credit tightens. Yet there is no imminent rescue. Goldman with the

The post China PMIs fade, fiscal authorities not coming to the rescue appeared first on MacroBusiness.

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xkcd.com Monday, August 2, 2021 - 10:00 Source

In C, the multiocular O represents the bitwise norxondor gorgonax.

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MacroBusiness Monday, August 2, 2021 - 09:40 Source

Despite Sydney still being in lockdown, the nation’s auction market ran hot over the weekend. CoreLogic record a preliminary national clearance rate of 79.2%, up significantly from the prior weekend’s 74.8%. Sydney’s preliminary clearance rate lifted to a strong 80.8% from the prior weekend’s 74.8%, whereas Melbourne’s firmed to 77.1% from 71.9%. However, auction volumes

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MacroBusiness Monday, August 2, 2021 - 09:20 Source

The ferrous complex was blasted lower on July 30, 2021 as spot was thrashed, paper was limit down, but steel firmed: The chart: The correction is happening for three reasons: Chinese regulatory clamps to slow steel output. Falling demand growth as Chinese property and infrastructure slow. Increasing global supply. There are have been three episodes

The post Daily iron ore price update (limit down) appeared first on MacroBusiness.

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MacroBusiness Monday, August 2, 2021 - 09:00 Source

Evergrande appears to be going bust. It’s turning unruly and happening fast. Bloomie: China Evergrande Group’s crisis deepened after a court froze assets of its listed onshore subsidiary, spurring another selloff in its shares and bonds. The entire 20% stake in Shanghai-listed Langfang Development Co., held by the developer’s main onshore unit, was frozen from

The post Is the Lehman Brothers of iron ore going bust? appeared first on MacroBusiness.

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MacroBusiness Monday, August 2, 2021 - 09:00 Source

Corporate earnings were supposed to give Wall Street a lift on Friday night but some cautious revenue estimates from big tech saw a continuation of the risk off mood that has been gripping Asia most of the week due to the Chinese tech stock selloff. Currency markets were little changed after the mid week reversal

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Monday, August 2, 2021 - 08:30 Source

Still strong. Via the AIG: Goods output holds up better than services in lockdowns. Full report. Or try Markit version not so good…

The post Aussie PMI boom tops out appeared first on MacroBusiness.

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John Quiggin Monday, August 2, 2021 - 06:59 Source

Back again with another Monday Message Board.

Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. If you would like to receive my (hopefully) regular email news, please sign up using the following link.

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MacroBusiness Monday, August 2, 2021 - 00:10 Source

CoreLogic over the weekend released its daily dwelling values index for July, which showed that property values across the five major Australian capital city markets surged another 1.6% over the month: The rise in values was strong across all major capital city markets except Perth, with Sydney and Brisbane again leading the way: Over the

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MacroBusiness Monday, August 2, 2021 - 00:05 Source

Forex markets reversed weekly moves on Friday with DXY suddenly strong on what looked suspiciously like safe-haven buying as risk assets struggled. EUR fell: The Australian dollar was bashed against all major DM crosses. It is already hurtling to new lows versus EUR: Commodities largely reversed downwards (except oil): Exuberant miners woke in fright: EM

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MacroBusiness Monday, August 2, 2021 - 00:01 Source

Global Macro / Markets / Investing: ‘Shrinkflation’ strikes: Companies downsize products for same prices – Daily Mail David Stockman on Why Money Printing Doesn’t Generate Economic Growth – International Man Fed Chair Jerome Powell: “Inflation Could Turn Out To Be Higher And More Persistent Than We Expect” – Real Clear Politics U.S. Fed reverse repo

The post Links 2 August 2021 appeared first on MacroBusiness.

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Harrangue Man Sunday, August 1, 2021 - 23:11 Source

After a severe workplace injury one of the CBT meets Theatre Sports tools I used was making up songs about shit, literally, because I have a dirty mind.

Our internet is shaky and during the set up of a hotspot to use in the meantime I was idly singing as I do but didn't realise I'd escalated up to a loud bit when I sang-shouted "Eating shit is great—" when I then got interrupted with a plea to not sing that.

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THE BLOT REPORT Sunday, August 1, 2021 - 21:52 Source
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Renew Economy Sunday, August 1, 2021 - 21:25 Source

Fire authorities say Tesla Megapacks still burning at Victoria Big Battery,

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THE BLOT REPORT Sunday, August 1, 2021 - 13:06 Source

When Gladys Berejiklian lied about nobody beating the Delta variant before, some people pointed this out well before I did. Unfortunately, nobody in the media scrum at the time did1. This is symptomatic of the lack of ability of so many journalists in Australia. As if to emphasise the incapability of those who call themselves journalists, Neil Mitchell has now raised this inability to a level that beggars belief.

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The Australian Independent Media Network Sunday, August 1, 2021 - 12:38 Source

My father rarely talked about the war, though when he did it would be no more than a few words. I’m sure that after spending three years in the steamy jungles of New Guinea he would have much to complain about, but I only ever heard a couple of complaints: It was wet, and it…

The post The saddest thing appeared first on The AIM Network.

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Your Democracy Sunday, August 1, 2021 - 09:23 Source

ray et al.ray et al.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Democracy is simple: one person — one vote…

 

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