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MacroBusiness Wednesday, January 19, 2022 - 14:00 Source

The Australian Medical Association has commenced a new push for the introduction of a tax on sugary drinks. The AMA wants all such drinks that have no nutritional benefit to be subject to a sugar tax. AMA president Omar Khorshid has described sugary drinks as a “ticking timebomb for the nation’s health”, and the AMA

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Renew Economy Wednesday, January 19, 2022 - 13:30 Source

Providence Asset Group solar farm Lavo battery

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MacroBusiness Wednesday, January 19, 2022 - 13:30 Source

From Westpac economics: The Westpac-Melbourne Institute Index of Consumer Sentiment fell by 2.0% to 102.2 in January from 104.3 in December. This is a surprisingly solid result given the rapid spread of the omicron COVID variant over the last month. The 2% decline compares to the 5.2% drop seen in the first month of the

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MacroBusiness Wednesday, January 19, 2022 - 13:00 Source

The always entertaining Albert Edwards of SocGen:  For all the Fed’s newfound bravado and bluster, we know by now that any attempt to ‘normalise’ interest rates will end in elephantine pivots, pirouettes and ignominy.  It’s certainly been a lively start to the year for investors as they take another look at the Fed’s tardy

The post Albert Edwards summons the bears appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 19, 2022 - 12:45 Source

Queensland has recorded another 19,932 new COVID cases and 11 deaths: Queensland’s daily and active COVID cases since the beginning of the Omicron wave are presented below: Meanwhile, Queensland’s hospitalisations have risen to 835, with 52 in ICU: In other related news, vaccinated international travellers will be allowed to enter Queensland without needing quarantine from

The post QLD scraps quarantine as COVID cases and hospitalisations rise appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 19, 2022 - 12:30 Source

The ABS has released dwelling construction data for the September quarter, with dwelling commencements posting a significant fall. According to the ABS, the number of dwelling commencements dived by a seasonally-adjusted 16.3% over the September quarter but were up 30.8% over the year. Detached house commencements fell by 16.5% over the quarter to be up

The post Aussie dwelling commencements dive appeared first on MacroBusiness.

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Renew Economy Wednesday, January 19, 2022 - 12:27 Source

Woodside's North Rankin Complex in the North West Shelf.

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MacroBusiness Wednesday, January 19, 2022 - 12:00 Source

It’s kind of funny to watch, in the usual dark way. Having smashed house price gains into the earth last year by breaking RBA yield curve control, the Aussie bond market is now moving on swiftly to crash the property market entirely. As US bond yields rage higher on the prospect of a hawkish Fed,

The post Aussie bond yields push house price crash appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 19, 2022 - 11:40 Source

As we know, Victoria has experienced the strongest population growth in Australia. Since the turn of the century, the state’s population has ballooned by 2.0 million people – a 42% increase in only 21 years. This extreme population growth is expected to continue ad infinitum, according to the latest Intergenerational Report, with Australia’s population projected

The post AMA: Population ponzi has crushed Victoria’s medical system appeared first on MacroBusiness.

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Renew Economy Wednesday, January 19, 2022 - 11:38 Source

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MacroBusiness Wednesday, January 19, 2022 - 11:20 Source

Late last year, Home Affairs Minister Karen Andrews said she expected at least 200,000 migrant workers to arrive in Australia by July 2022: “We are working on a figure of 200,000, it may well be more than that but we will be actively looking to bring as many people into Australia as soon as we possibly

The post Morrison opens temporary visa flood gates appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 19, 2022 - 11:00 Source

Note from our good friends at Nordea: In response to rampaging US inflation, we now expect the Fed to hike rates four times this year followed by another four in 2023. We see more upside for long yields and expect EUR/USD to bottom by the end of the year. The Fed is turning more hawkish

The post Nordea: Australian dollar to bust appeared first on MacroBusiness.

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xkcd.com Wednesday, January 19, 2022 - 11:00 Source

We can ask the Earl for his order once he's fully extruded from the dispenser.

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MacroBusiness Wednesday, January 19, 2022 - 10:30 Source

Chalk up another epic fail for our useless PM: The Pharmacy Guild of Australia has plans to launch its own website to help people find stores stocked with rapid antigen tests after witnessing “market failure” and the competition watchdog’s crackdown on price gouging. …The Australian Competition and Consumer Commission (ACCC) has received more than 1,800

The post RATs eat Morrison alive appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 19, 2022 - 10:00 Source

The ferrous complex was to the moon again on January 18, 2022 as everything flew with Chinese stimmies: I am still of the view that we will see steel demand fall further this year. As well, China is flooded with iron ore inventory with oodles more to come this year from big miners. Not to

The post Daily iron ore price update (to the moon again!) appeared first on MacroBusiness.

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Renew Economy Wednesday, January 19, 2022 - 09:35 Source

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MacroBusiness Wednesday, January 19, 2022 - 09:30 Source

Did you say MOAR? Goldman on the PBoC: PBOC held a press conference this afternoon on the MLF and OMO policy rate cut on Monday (January 17). In general the tone from PBOC is very dovish and pro-growth. PBOC stated the need to expand the monetary policy toolkit, hinted at an LPR (Loan Prime Rate)

The post China stimmies flow! appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 19, 2022 - 09:25 Source

NSW recorded another 32,297 new COVID cases and 32 deaths: Victoria recorded 20,769 new COVID cases and 18 deaths: The next chart plots daily COVID cases since the beginning of the Delta waves in winter last year: Active cases have moved past their peak in NSW and are approaching their peak in Victoria: However, hospitalisations

The post NSW’s COVID crisis nears its peak appeared first on MacroBusiness.

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Renew Economy Wednesday, January 19, 2022 - 09:24 Source

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MacroBusiness Wednesday, January 19, 2022 - 09:01 Source

Stock markets in the US and in Europe fell overnight with bond markets seeing a surge in yields as central bank interest rate rises certainties swamp risk taking. The US Treasury 10 year yield rose to 1.86%, a new two year high with shorter term yields also spiking. This sent the USD higher against almost

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 19, 2022 - 09:00 Source

DXY is back and charging as EUR falls: The AUD was hit: Oil is one way rocket ship: Dirt is trying but largely failing to follow: Big miners were stable amid falls: EM stocks are breaking down again: Led by EM junk which is a screaming meteor of doom for risk assets: As yields spike.

The post Australian dollar won’t fight the Fed appeared first on MacroBusiness.

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Your Democracy Wednesday, January 19, 2022 - 08:29 Source

fashionfashion 

About 10,000 muons reach every square meter of the earth's surface a minute; these charged particles form as by-products of cosmic rays colliding with molecules in the upper atmosphere. Traveling at relativistic speeds, muons can penetrate tens of meters into rocks and other matter before attenuating as a result of absorption or deflection by other atoms.[10]

 

 

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The Australian Independent Media Network Wednesday, January 19, 2022 - 06:00 Source

Diary No 5: January 19 2022 1 How is it possible that the attention of the world is so focused on a magnificent sportsman who, in essence, has tried to cheat his way into the Australian Tennis Open? I ask this question in defence of comparative justice. And l defend my use of the term…

The post Comparative justice: Djokovic Vs Seekers of it appeared first on The AIM Network.

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MacroBusiness Wednesday, January 19, 2022 - 00:10 Source

The Australian’s Robert Gottliebsen has written an interesting article, based on research by former ANZ Bank director John Dahlsen, explaining how Australia’s housing obsession has diverted resources from the real economy and is stifling the nation’s productivity: In the decade before the 1987-89 crash banks poured vast sums into business credit but they were enticed

The post How housing killed Australia’s productivity appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 19, 2022 - 00:05 Source

Last week, Australia passed the 95% single vaccination threshold for the 16-plus population, with 92.6% double vaccinated. This has put Australia among the world’s leaders on vaccination, with 76% of the entire Australian population now double vaccinated and a further 4% single dosed: Despite its high vaccination rate, Australia is also now one of the

The post Australia joins vaccination leaders as COVID runs rampant appeared first on MacroBusiness.

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MacroBusiness Wednesday, January 19, 2022 - 00:01 Source

Global Macro / Markets / Investing: Trickle down economics: Up to 3/4 of the $800 billion PPP flowed to business owners instead of workers, study finds – Market Watch The wealth of the 10 richest men in the world has doubled during the pandemic and the income of 99% of humanity has decreased – Madgy67

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The Australian Independent Media Network Tuesday, January 18, 2022 - 19:00 Source

By Kathryn The whole ludicrous Djokovic affair was nothing more than a ramped-up distraction in order to try to divert public attention away from the LNP’s appalling incompetence, inept mishandling of the fair and rapid distribution of Covid vaccinations, climate-change-denying idiocy and Morrison’s appalling short-sightedness and total lack of leadership! Anyone with an IQ >10 knows that…

The post Distraction: It’s Morrison’s only policy appeared first on The AIM Network.

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MacroBusiness Tuesday, January 18, 2022 - 16:30 Source

While there was no change to the Bank of Japan’s interest rates at today’s meetings, the USD has surged across the board as US Treasury yields climb sharply on the return of US traders to their desks as the long weekend finishes. This has seen Asian stock markets put in mixed sessions despite lower domestic

The post Macro Afternoon appeared first on MacroBusiness.

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The Australian Independent Media Network Tuesday, January 18, 2022 - 15:40 Source

It might not be quite within the bounds of good taste to compare military calculations of a bridge too far – the title used in Cornelius Ryan’s work on the disastrous Allied airborne operation during the Second World War – with the latest foolish, mendacious and buffoonish efforts of UK Prime Minister Boris Johnson, but on…

The post One Drinks Party Too Many: Boris Johnson and Breaching Lockdowns appeared first on The AIM Network.

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Renew Economy Tuesday, January 18, 2022 - 15:28 Source

 Hunter Energy).

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