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MacroBusiness Friday, January 13, 2023 - 11:00 Source

Data from CoreLogic shows that the number of new residential listings fell by more than 22% in both Melbourne and Sydney in the four weeks to 8 January: Over the year to 8 January, new listings were down 27.6% across the combined capital cities, while total listings were down 6.7% year-on-year: Tim Lawless of CoreLogic

The post Collapse in listings puts floor under house prices appeared first on MacroBusiness.

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xkcd.com Friday, January 13, 2023 - 11:00 Source

I guess the engineers who built my dishwasher MIGHT have some insight into how to load it, but instead of reading the booklet they gave me, it seems easier to experiment for years and then get in arguments so heated that I get banned from Quora.

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MacroBusiness Friday, January 13, 2023 - 10:30 Source

Pantheon with the note. Makes sense to me. China: PPI fell 0.7% y/y in December, after -1.3% in November.  Consensus was -0.1%. CPI rose 1.8% y/y in December, after 1.6% in November.  Consensus was 1.8%. Producer price deflation moderated 0.6pts to -0.7% y/y in December, despite massive Covid waves slamming through the country and disrupting

The post Chinese deflation returns appeared first on MacroBusiness.

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MacroBusiness Friday, January 13, 2023 - 10:30 Source

The ferrous complex continued its climb into hope on January 12, 2023: Dalian futures took off overnight with everything else so expect more today. Indeed, markets are so hot for iron ore right now that BHP surpassed  a record high yesterday: It’s trading on an NTM PE of 11x which is typical mic-cycle and not

The post Daily iron ore price update (record high for BHP) appeared first on MacroBusiness.

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Renew Economy Friday, January 13, 2023 - 10:23 Source

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Your Democracy Friday, January 13, 2023 - 10:14 Source

The Kalashnikov Group has had the biggest year in its history, massively increasing both production and the scope of contracts, the company announced on Thursday.

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Renew Economy Friday, January 13, 2023 - 09:56 Source

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MacroBusiness Friday, January 13, 2023 - 09:30 Source

Wall Street responded relatively calmly to the latest US inflation data which showed a retraction mainly due to energy prices which now embiggens risk markets to assume the US Federal Reserve will ease off on its rate rise agenda. The USD was hit hard as a result with Euro surging while the Australian dollar pushed

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Friday, January 13, 2023 - 09:00 Source

DXY is a falling comet. EUR is a rising one. Thanks nice weather! AUD is soaring versus DXY and griding lower versus EUR and JPY: Oil can’t break its downtrend. Gold has: Base metals scream reflation: Big miners too though they have not broken downtrends either: EM stocks are crashing up: Chasing junk: As US

The post Australian dollar to infinity and beyond! appeared first on MacroBusiness.

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Cheeseburger Gothic Friday, January 13, 2023 - 06:30 Source
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Your Democracy Friday, January 13, 2023 - 06:29 Source

Just in time, the fundamental faults of AUKUS are being exposed in Canberra and Washington.

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Your Democracy Friday, January 13, 2023 - 06:19 Source

 “I obeyed my conscience rather than the law,” ex-Defense Intelligence Agency analyst Ana Belén Montes declared on her way into a federal prison. Accused of spying for Cuba, she is a hero on the besieged island, where she foiled countless US destabilization operations.

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Your Democracy Friday, January 13, 2023 - 06:04 Source

A new multi-story facility in the central Hubei province is being touted as the “world’s tallest hog breeding site” that will house tens of thousands of pigs, as companies seek to modernize the husbandry sector and satisfy the country’s growing appetite for pork.

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MacroBusiness Friday, January 13, 2023 - 00:05 Source

Anybody hoping for Australian house prices to stabilise in early 2023 will be disheartened by the latest data from CoreLogic’s daily dwelling values index. After two consecutive weeks of moderating home price falls over the holiday period, value losses across the five major capital city markets accelerated in the week ended 12 January to -0.27%:

The post Reality bites as Aussie house prices continue falling appeared first on MacroBusiness.

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MacroBusiness Friday, January 13, 2023 - 00:01 Source

Global Macro / Markets / Investing: Bill Gates is meh on Web 3 and the metaverse, but bullish on AI – Business Insider Oil prices edged up on Thursday, building on gains in the previous session as China’s demand outlook improved – IBT A gauge of Australian mining shares is nearing an all-time high during

The post Links 13 January 2023 appeared first on MacroBusiness.

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The Australian Independent Media Network Thursday, January 12, 2023 - 20:28 Source

Another needless, fatuous endeavour; another irresponsible drain on the public purse; another expression that the military-industrial complex Down Under is thriving in all its insidious stupidity. But Australia’s purchase of HIMARS (High Mobility Artillery Rocket System) batteries from the United States can be put down to loneliness – or the feeling of being left out.…

The post Joining the War Club: Australia’s HIMARS Purchase appeared first on The AIM Network.

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George Monbiot Thursday, January 12, 2023 - 20:07 Source

Woodburning stoves are a beguiling but disastrous mistake.

By George Monbiot, published in the Guardian 27th December 2022

It’s shame that has stopped me writing about it before. The shame of failing to think for myself and see the bigger picture, which is more or less my job description. Instead, I followed the crowd.

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Your Democracy Thursday, January 12, 2023 - 17:53 Source

PHILOSOPHERS AND CARTOONISTS LIVE LONGER THAN DRAG QUEENS AND FOOTBALLERS….

IT ONLY TAKES A FEW YOUNG YEARS TO DEVELOP A BODY THAT CAN PLAY FOOTBALL OR TENNIS. 

MIND YOU, NOT EVERYONE HAS THE PHYSIQUE TO BECOME A SPORTS STAR, BUT MOST PEOPLE CAN AT LEAST SHUFFLE AROUND THE BLOCK, THOUGH THE INVENTION OF THE DRIVE-IN FAST-FOOD OUTLET WAS DESIGNED TO PUT A STOP TO THIS… 

 

SPORTS ARE ENERGETIC PASS-TIMES THAT ONLY DO REQUIRE A TINY BIT OF PHILOSOPHY: 

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

A mixed session on Asian stock markets with Chinese and Japanese shares treading water despite some big moves on Wall Street overnight as risk markets continue to second guess the Fed’s rate rise agenda in 2023 with the inflation print tonight to hinge – or unhinge on. The USD has seen a drop against Yen

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Thursday, January 12, 2023 - 15:31 Source

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Your Democracy Thursday, January 12, 2023 - 15:04 Source

Ukrainian President Vladimir Zelensky framed American patrons by showing the world that the United States officially supports Nazism. Thanks to him, SS lightning bolts flashed not only in Kiev, but also in the U.S. Congress.

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Renew Economy Thursday, January 12, 2023 - 14:43 Source

edf

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MacroBusiness Thursday, January 12, 2023 - 14:00 Source

My preferred strategy is to ensure that the battle is never fought by guaranteeing that China will be excised from the global economy if it is.  But, if it must be fought, then it must be done so in advance, says a new wargaming report by CSIS. Full report. The invasion always starts the same

The post How to defeat the Chinese invasion of Taiwan appeared first on MacroBusiness.

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Renew Economy Thursday, January 12, 2023 - 13:42 Source

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MacroBusiness Thursday, January 12, 2023 - 13:30 Source

Global energy prices are crashing. LNG is back within historic ranges, if high: As I wrote earlier this week, there is no way that thermal coal could stay at $00 as this transpired and that crash has begun as well: Prices could halve yet. At home, electricity prices popped yesterday but that is presumably just

The post Coal crash begins as LNG tanks appeared first on MacroBusiness.

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MacroBusiness Thursday, January 12, 2023 - 13:00 Source

I am definitely bullish gold in 2023. Not least owing to the crash in crapto crediblity, But the present rally has run too far, too early. I look for another round of DXY strength for a better entry point. The Market Ear with useful charts. Unstoppable gold Gold has actually traded in a range since

The post Gold bulls run too hard, too early appeared first on MacroBusiness.

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MacroBusiness Thursday, January 12, 2023 - 12:30 Source

ABS with the news: The seasonally adjusted balance on goods and services surplus increased $458m in November. Goods and services debits (imports) fell $683m (1.5%) driven by Freight transport. Goods and services credits (exports) fell $225m (0.4%) driven by Other mineral fuels. Big falls ahead for goods exports as coal and gas crash: Some offset as tourists return: But

The post Aussie trade surplus rebounds appeared first on MacroBusiness.

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Renew Economy Thursday, January 12, 2023 - 12:27 Source

Tindo Solar plant

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MacroBusiness Thursday, January 12, 2023 - 12:05 Source

The turn of the year is when strategists and forecasts from around the globe look to their crystal balls and prognosticate on the likely events for 2023. This week, we hit David & Damien with forecasts from a number of leading market strategists and geopolitical commentators to see how likely they think the outcomes. Agenda:

The post MB Fund Podcast: What’s in store for 2023 markets? appeared first on MacroBusiness.

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MacroBusiness Thursday, January 12, 2023 - 12:00 Source

When the boffins at Martin Place get back from their extended holiday next month, the February RBA rate rise could be a hot one! Yesterday we saw the release of retail sales for November, which rose more than 1.4%, way ahead of the 0.6% that had been expected, with lots of upwards revisions to previous

The post Australian dollar lifts on domestic inflation but is it enough? appeared first on MacroBusiness.

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