Blogotariat

Oz Blog News Commentary
MacroBusiness Monday, September 26, 2022 - 11:00 Source

Some days you just have to laugh. Six weeks ago, Solomons PM, Manasseh Sogavare, submitted to parliament his plan to suspend the election because it couldn’t simultaneously manage the poll and few games of footy. Australia offered support and funding to help the election, but that was rejected as interference: The Solomon Islands accused Australia

The post Would-be Solomons tyrant parades H&H at UN appeared first on MacroBusiness.

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MacroBusiness Monday, September 26, 2022 - 10:40 Source

First up, Michael Hartnett at BofA. The Biggest Picture: 3rd Great Bond Bear Market thus far a doozy (Chart 2)…2022 global govt bond losses on course for worse since 1949 (Marshall Plan), 1931 (Credit-Anstalt), 1920 (Treaty of Versailles); bond crash threatens credit events & liquidation of world’s most crowded trades…long US$, long US tech, long

The post What do the bears that were right say comes next? appeared first on MacroBusiness.

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MacroBusiness Monday, September 26, 2022 - 10:20 Source

Always the last to know on the downside, Goldman has capitulated on equities. Given the lack of macro imbalances, I am of the view that it will be a plain vanilla US recession. For earnings, the idiosyncrasy of this cycle is the speed and severity of the reversion to mean in corporate margins as the

The post Goldman gives up on equities. Bullish! appeared first on MacroBusiness.

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MacroBusiness Monday, September 26, 2022 - 10:00 Source

The Market Ear with the latest on fear. Not full panic CITI Panic / Euphoria model. Not full full-blown panic yet. Sentiment Trader Hedge funds felt the pain but did not panic “Though the equities markets at large were feeling the heat last week, hedge funds kept their cool, with very little turnover in portfolios.

The post MOAR fear needed appeared first on MacroBusiness.

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xkcd.com Monday, September 26, 2022 - 10:00 Source

Our company can be your one-stop shop for decentralization.

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Your Democracy Monday, September 26, 2022 - 09:43 Source

As Democrats attempt to depict their newly-released energy permitting bill as a climate “win,” they are being boosted by a “clean power” lobbying group with ties to the fossil fuel industry.

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MacroBusiness Monday, September 26, 2022 - 09:40 Source

The ferrous complex was mixed on September 23, 2022: We appear to be going through a restocking impulse pre October’s disruptions of the National Congress and holiday. Suddenly steel output is at records! I do not expect it to last. Housing starts have far yet to fall. September sales are going to be down 30-40%

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

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MacroBusiness Monday, September 26, 2022 - 09:20 Source

The bizarrely silent Chinese crash of the century rolls on today. Societe General has a few charts. Zero-COVID remains: No progress in vaccinations: Mobility stuffed: Property buggered: Liquidity trap: Bridges to nowhere an offset: But not enough: And an export shock just starting: In 1989, Japan’s great catch-up development period ended in an immense real

The post Chinese economy turns Japanese overnight appeared first on MacroBusiness.

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MacroBusiness Monday, September 26, 2022 - 09:20 Source

Stock markets around the world remain in retreat mode following last week’s interest rate hike by the US Federal Reserve with local stocks at a new two month low. Wall Street and European shares remained in bear market mode falling another 2% on Friday night. The USD continues to strengthen against everything with Euro continuing

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Monday, September 26, 2022 - 09:00 Source

In 2009, I chose the nom de plume Houses and Holes because it fit so beautifully with Australian economic structure. We dig holes and export the dirt. Then we leverage that income in global markets via the major banks who, in turn, overlend into mortgages at home. This produces the world’s most objectionable property price

The post Holes engulf houses appeared first on MacroBusiness.

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John Quiggin Monday, September 26, 2022 - 08:58 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 Twitter @JohnQuiggin

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, September 26, 2022 - 07:25 Source

Más mian leat alt a scríobh nach léifidh aon duine, is dócha gurb é an ceannlíne is fearr ná “Northern Ireland Protocol”. Ó rinneadh mar chuid den chomhaontú Brexit ath-idirbheartaithe é in 2019, tá gach duine tar éis a bheith trína chéile ag argóint faoi, nó ag roghnú neamhaird a dhéanamh air.

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Your Democracy Monday, September 26, 2022 - 06:47 Source

As Russia mobilizes hundreds of thousands of troops, US Secretary of State Antony Blinken told a United Nations meeting on Thursday that Washington will bolster Kiev’s forces until it can end the conflict with Russia on favorable terms.

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Your Democracy Monday, September 26, 2022 - 06:42 Source

The United Nations General Assembly began its 77th session on September 13, with world leaders now taking center stage during High-Level Week from September 19-23. As the world endures myriad crises that deserve the UN’s attention, one issue is being left to the wayside that profoundly concerns the organization – the Sustainable Development Goals (SDGs) adopted in 2015.

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Renew Economy Monday, September 26, 2022 - 05:00 Source

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MacroBusiness Monday, September 26, 2022 - 00:05 Source

The Bank for International Settlements (BIS) released global household debt statistics for the March quarter of 2022, which revealed that Australia’s total household debt is the second highest in the world when measured against gross domestic product (GDP). As shown in the table below, Australia’s debt-to-GDP ratio was 118% in the March quarter, behind only

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MacroBusiness Monday, September 26, 2022 - 00:02 Source

DXY is now a streaking flare warning of imminent global shock and recession. I have held the Millennial high as my target for a year or more. Could we overshoot? AUD is being flushed away: Oil broke: Aluminum broke. All base metals are next: RIO broke support as well. BHP is next: EM stocks are

The post Australian dollar screams towards hard landing appeared first on MacroBusiness.

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MacroBusiness Monday, September 26, 2022 - 00:01 Source

Global Macro / Markets / Investing: Jerome Powell has a tough message for investors: Tighten your seatbelts, because recession and unemployment are coming – Fortune Claims That Capitalism Is Eradicating Global Poverty Are Wildly Misleading – Jacobin The Fed Is Finally Seeing The Magnitude Of The Mess It Created – Mises South Africa in electricity

The post Links 26 September 2022 appeared first on MacroBusiness.

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Your Democracy Sunday, September 25, 2022 - 21:57 Source

As Israel was launching a deadly assault on Gaza, killing thousands of civilians and displacing more than 100,000 people, many of America’s top TV, music and film producers were organizing to protect the apartheid state’s reputation from widespread international condemnation.

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The Australian Independent Media Network Sunday, September 25, 2022 - 14:55 Source

Australia has a mixed relationship with the United Nations Human Rights Committee.  Irritation, dismissal and even the occasional openly hostile comment, have registered. But in 1994, the Toonen decision filtered through the Australian legal process, leading the federal government to remove archaically noxious provisions in the Tasmanian criminal code criminalising sodomy. The UNHRC has since…

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Renew Economy Sunday, September 25, 2022 - 14:44 Source

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Your Democracy Sunday, September 25, 2022 - 12:39 Source

Thanks to Establishment media, the sorcerer apprentices advising President Joe Biden – I refer to Secretary of State Antony Blinken, national security adviser Jacob Sullivan, and China specialist Kurt Campbell – will have no trouble rallying Americans for the widest war in 77 years, starting in Ukraine, and maybe spreading to China. And, shockingly, under false pretenses.

 

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THE BLOT REPORT Sunday, September 25, 2022 - 11:52 Source

Over the last few years, I have written several essays about the takeover of the Liberal Party by religious nutters. The first time this came to my attention was in regard to the Liberal Party in Victoria1. That apparent takeover and the bizarre statement that, if elected to government, the Liberal Party would reintroduce religious instruction in public schools, led to their decline in support such that at the most recent Victorian state election the number of seats they held actually decreased (by about 9), giving the Labor state government an increased majority2.

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Your Democracy Sunday, September 25, 2022 - 06:50 Source

In an article on May 13, 2014 in The Guardian, republished here, John Pilger warned the “U.S. is threatening to take the world to war” over Ukraine, words that have taken on new meaning.

 

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Your Democracy Sunday, September 25, 2022 - 06:12 Source

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Your Democracy Saturday, September 24, 2022 - 22:10 Source

Reports that Labor is in talks with Peter Dutton over the looming Federal Integrity Commission laws have spread alarm Anthony Albanese might walk back on his pledge for a credible anti-corruption body. Callum Foote reports on the timing, the critical detail, the delays and the latest scare.

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Renew Economy Saturday, September 24, 2022 - 21:31 Source

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The Australian Independent Media Network Saturday, September 24, 2022 - 14:26 Source

Just a few short years ago, Attorney-General George Brandis assured us that people had a right to be bigots. Of course, the whole free speech thing is a bit confusing because, while nearly everyone agrees that their personal free speech should not be curtailed, people aren’t so sure about other people’s. Just today I read…

The post So Now It’s Wrong To Be Racist, Eh? appeared first on The AIM Network.

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New Politics Saturday, September 24, 2022 - 12:55 Source

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The Australian Independent Media Network Saturday, September 24, 2022 - 12:01 Source

A Tribute to our Late Queen Liz, with Post-Colonial Afterthoughts By Loz Lawrey   As my tremulous fingers tickle my laptop keyboard, late this night in my campervan (currently parked on Wiradjuri land), my mind travels back, back to another time… ‘Twas 1967. I was sixteen, incarcerated in one of those most conservative institutions: an…

The post “I’m Sorry, Your Majesty…” appeared first on The AIM Network.

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