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MacroBusiness Monday, January 16, 2023 - 16:00 Source

Outside of Japan its been a worry free session on Asian stock markets with a solid start to the trading week as the lower USD amid optimism on lower interest rates keeps things afloat. Wall Street finished on a solid note on Friday night with the USD still under the pump against most currency majors

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Monday, January 16, 2023 - 15:37 Source

sun cable solar

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Renew Economy Monday, January 16, 2023 - 15:14 Source

big battery neoen tesla victoria

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MacroBusiness Monday, January 16, 2023 - 14:47 Source

‘The Unbearable Lightness of Being’ (1988).  Based on a novel by Milan Kundera.  The year it was released – Australia’s bicentenary – Australian recorded a Net Overseas Migration inflow of more than 150 thousand, for the third and last time in the 20th century.   Australia is on track for more than double that this year,

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MacroBusiness Monday, January 16, 2023 - 14:00 Source

This makes a lot more sense than Mike Cannon-Brooks cable to nowhere: Andrew Forrest’s Squadron Energy is considering bidding for Sun Cable – the visionary $35 billion clean energy export project in northern Australia – against Mike Cannon-Brookes, but will dump a 5000-kilometre power cable link to Singapore if successful. …The project is likely to

The post Sun Cable to turn domestic? appeared first on MacroBusiness.

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MacroBusiness Monday, January 16, 2023 - 13:30 Source

The Market Ear with the latest short-covering moves. Feeling shorty We have seen some brutal short covering moves over the past week. GS sales writes: “US equities have seen 5 straight days of short covers. In cumulative $ terms, overall short book saw the largest 5-day covering since mid-November (98th percentile 5-yr). Hedge funds actively

The post Short squeeze powers stocks appeared first on MacroBusiness.

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MacroBusiness Monday, January 16, 2023 - 13:00 Source

Very sensible stuff from Goldman. Clear implications for iron ore, coking, and copper in due course. Despite still low visibility on how much liquidity will be actually injected into the property industry, we see clearer policy directions on the back of the “16 measures” announcement, and as a result, we expect property construction to contract

The post Goldman: L-shaped recovery for Chinese property appeared first on MacroBusiness.

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MacroBusiness Monday, January 16, 2023 - 12:30 Source

We are about to find out whether MMT or austerity will define the next business cycle. BofA. Treasury bill boost likely pulls closer debt limit bind date On Tuesday, the Treasury announced increased bill auction sizes for the 1m, 2m, and 4m bills, in addition to a $60bn CMB. This is on top of increased

The post Brace for US debt limit debacle appeared first on MacroBusiness.

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MacroBusiness Monday, January 16, 2023 - 12:00 Source

Japan is going to turn itself into the unsinkable aircraft carrier of democracy off the Chinese coast. This will anchor the northern end of liberal allies’ “first island chain” blockade of Chinese expansion: Here is an excerpt from Friday’s Joint Statement: A New Era of Strategic Competition The Ministers concurred that China’s foreign policy seeks

The post Japan joins China containment appeared first on MacroBusiness.

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Renew Economy Monday, January 16, 2023 - 11:17 Source

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Cheeseburger Gothic Monday, January 16, 2023 - 11:06 Source

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MacroBusiness Monday, January 16, 2023 - 11:00 Source

The excellent Michael Hartnett at BofA. Tale of the Tape:classic Jan reversals…’22 losers ofcrypto, USTs, China, credit, stockssmashing’22winners of cash, commodities, US$ YTD; S&P500 barometer“so goes January, so goes the year” correct 71% of time since 1929. The Big Picture:-0.1% CPI & 205k unemployment claims…don’t get more Goldilocks than that; consensus now 50bps hikes H1’23

The post Hartnett: Bears need to be patient appeared first on MacroBusiness.

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Renew Economy Monday, January 16, 2023 - 10:51 Source

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MacroBusiness Monday, January 16, 2023 - 10:30 Source

It is quite something to watch as Aussie house prices crater while the stock of credit is still growing strongly. But that’s the importance of Delta. Oftentimes it is the rate of change that matters in economics and markets, not the levels.  Put another way, it is the flow of credit that matters to prices,

The post Westpac: Aussie mortgage crash intensifying appeared first on MacroBusiness.

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MacroBusiness Monday, January 16, 2023 - 10:00 Source

Risk markets finished the trading week in relative calm after a muted response to the latest US inflation data as everyone still assume the US Federal Reserve will ease off on its rate rise agenda. Wall Street rose with tech stocks leading the way on Friday night as the USD only moved lower against Yen

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Monday, January 16, 2023 - 09:30 Source

Last week ended with calm in the iron ore market: Under the surface, iron ore demand is crashing as COVID runs amok. Chinese property is showing no signs of turnaround though developer junk is still on a tear: Infrastructure is still pumping but the net result is still negative demand: With steel demand and output

The post Iron ore booms as China busts appeared first on MacroBusiness.

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Your Democracy Monday, January 16, 2023 - 09:11 Source

“All warfare is based on deception”. Sun Tzu, The Art of War...

Thus, as I struggle with how to bring the lights of truth to an essay on the current strategic situation, Sun Tzu brings me back to earth.

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THE BLOT REPORT Monday, January 16, 2023 - 09:07 Source

The malevolent Cardinal Pell has died1. In response to Pell’s demise, the idiotic Tony Abbott said: “Australia has lost a great son and the Church has lost a great leader…. [he] was a committed defender of Catholic orthodoxy and a staunch advocate for the virtues of Western Civilisation (that is code for Christian white supremacy here).” Unbelievably, Abbott also stated “he was a very pastoral priest who well understood the human stain [this is the ‘original sin’ bunkum] and was more than capable of empathising with sinners while still counselling against sin”.

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The Australian Independent Media Network Monday, January 16, 2023 - 09:05 Source

In what she shamelessly and deliberately calls her ‘Obitchuary’ of Cardinal George Pell, guest columnist Tess Lawrence, longtime advocate for sex abuse victims who has spent decades investigating the crimes of the Catholic Church and George Pell shares inside intelligence on ‘Big George’ that will shock you more than any of Prince Harry’s tame scribblings.…

The post George Pell ‘Devil Incarnate’ is dead appeared first on The AIM Network.

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MacroBusiness Monday, January 16, 2023 - 09:00 Source

It’s a new year but it’s the same old gas cartel. As I warned late last year, so long as the cartel is in place, the war for the survival of the east coast economy is not over. And now a new battle has begun: Multiple energy retailers across the eastern seaboard have stopped taking

The post Time to destroy the gas cartel appeared first on MacroBusiness.

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Your Democracy Monday, January 16, 2023 - 08:50 Source

UAE Selects Fossil Fuel Exec to Lead COP28

The appointment of ADNOC’s CEO, Sultan Ahmed Al Jaber, to lead this year’s UN climate talks is like asking “arms dealers to lead peace talks,” campaigners say.

 

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John Quiggin Monday, January 16, 2023 - 07:45 Source

Another Message Board

Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.

I’ve moved my irregular email news from Mailchimp to Substack. You can read it here. You can also follow me on Mastodon here

I’m also trying out Substack as a blogging platform. For the moment, I’ll post both at this blog and on Substack.

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Your Democracy Monday, January 16, 2023 - 06:40 Source

Probably the most well-known coup staged by British intelligence since 1945 was the overthrow of Iran’s democratically-elected government in 1953 – an operation planned with the CIA. But the UK has been involved in at least 41 other attempts to overthrow governments since the end of the Second World War. 

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Your Democracy Monday, January 16, 2023 - 06:02 Source

Venezuelan President Nicolas Maduro has proposed establishing a new international bloc involving Latin American and Caribbean countries that would have close ties to Russia and China.

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MacroBusiness Monday, January 16, 2023 - 00:06 Source

Over the weekend, Brisbane house prices hit a new double-digit milestone, with values falling 10.1% from their mid-June peak, according to the CoreLogic daily dwelling values index: As shown in the next chart, this downturn is easily the steepest in Brisbane’s recorded history. The record 10.8% decline recorded over 20 months between 2010 and 2012

The post Brisbane’s house price crash fastest in history appeared first on MacroBusiness.

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MacroBusiness Monday, January 16, 2023 - 00:05 Source

DXY has reached levels I’d expect to see support. From here down 100 is former resistance which should prove supportive: AUD held its gains: The market short continues to grind away: Gold and oil firmed: Base metals too: Big miners paused: EM stocks rallied on: But junk stalled: Yields reversed higher: Stocks rallied modestly. Europe

The post Australian dollar rocket refueling in Japan appeared first on MacroBusiness.

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MacroBusiness Monday, January 16, 2023 - 00:01 Source

Global Macro / Markets / Investing: Iranian oil exports end 2022 at a high, despite no nuclear deal – Reuters Kazakhstan to Supply Oil to Germany via Russia’s Pipeline – CaspianNews Largest global bird flu outbreak ‘in history’ shows no sign of slowing – France24 Demand for gas — particularly LNG — has surged globally

The post Links 16 January 2023 appeared first on MacroBusiness.

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The Australian Independent Media Network Sunday, January 15, 2023 - 12:00 Source

By Frances Goold   The leftovers from a walk-in, walk-out sale of a Fitzroy Falls pile until recently owned by notorious racist, misogynist, carpet-bagger, footy coach, shock-jock, racehorse-owner, climate denier and all-round nice guy Alan Jones, AO (hereinafter referred to as AJOA), are currently up for auction at Lawson’s – and time is running out for…

The post Up For Auction: The Contents of an Inconsequential Mind appeared first on The AIM Network.

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Your Democracy Sunday, January 15, 2023 - 11:54 Source

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The Australian Independent Media Network Sunday, January 15, 2023 - 10:16 Source

We see a tendency to blame individuals for the crisis in our politics across the AUKUS nations. This is facile. Donald Trump did not create the farce of a Republican party seen in the vote for the Speaker in early January. Boris Johnson did not create the catastrophe that is the British Conservative party displayed…

The post The Liberal Party is dead: can it be revived? appeared first on The AIM Network.

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