|
MacroBusiness
Tuesday, October 12, 2021 - 09:00
Source
There’s not much point repeating a couple of good posts from ZH on the China property situation given they capture my thoughts so here they are. First up, the Chinese property crash is getting worse fast: Having already suffered the fastest drop on record, Chinese junk bond markets – where property developer issuers dominate – The post China’s property crash versus Wall St’s commodity mania appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Tuesday, October 12, 2021 - 09:00
Source
Wall Street fumbled again overnight as concern over rising energy prices and inflation continued to weigh on stock markets with European equities also mixed despite a much lower Euro. USD remained relatively strong against most of the major currencies, particularly Yen but commodity currencies like the Australian dollar are rallying as 10 year Treasury yields The post Macro Morning appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
|
MacroBusiness
Tuesday, October 12, 2021 - 08:13
Source
DXY is strong and EUR weak: The Australian dollar is melting up regardless: Chasing the energy melt-up: As metals go with it: Miners are back! EM stocks are not: EM junk has fallen through the trapdoor. Look out equities: US bond markets were closed. Australian yields are moonshooting: Westpac has the data: Event Wrap Danish The post Australian dollar melts-up into commodity mania appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
The Australian Independent Media Network
Tuesday, October 12, 2021 - 06:00
Source
According to AIMN readers and many Facebook political pages, covid19 hardly rated a mention in my survey. I asked many Facebook political groups of a leftish standing together with readers of The AIMN the following question: If an election campaign was starting tomorrow, what would be your top 10 points of debate? The absence of… The post Your top issues going into the next election appeared first on The AIM Network. |
|
Club Troppo
Tuesday, October 12, 2021 - 02:10
Source
The Nobel Prize for Economics got announced and I was pleased to hear it went to David Card, Josh Angrist, and Guido Imbens. Among the best picks in years, I think. |
Club Troppo
Tuesday, October 12, 2021 - 02:10
Source
The Nobel Prize for Economics got announced and I was pleased to hear it went to David Card, Josh Angrist, and Guido Imbens. Among the best picks in years, I think. |
|
MacroBusiness
Tuesday, October 12, 2021 - 00:10
Source
Earlier this year, the Parliamentary Budget Office (PBO) revealed that a whopping $13 billion (over 13% of the $98 billion wage subsidy) was handed to nearly 200,000 companies that received JobKeeper payments but whose profits rose: Yesterday, the Australian Treasury released a paper defending these overpayments on the grounds that doing so would have stifled the The post Treasury defends JobKeeper rorters appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Tuesday, October 12, 2021 - 00:05
Source
Victoria’s Independent Broad-based Anti-corruption Commission (IBAC) yesterday commenced five weeks of public hearings into the operations of the Victorian Labor Party. IBAC will examine allegations that current and former state and federal MPs directed taxpayer-funded staff to undertake party-political activities during work hours, as well as allegations that public money intended for community groups was The post Victoria’s IBAC claims its first ministerial scalp appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
|
MacroBusiness
Tuesday, October 12, 2021 - 00:01
Source
Global Macro / Markets / Investing: Smaller packs, same price: curse of ‘shrinkflation’ hits shoppers’ baskets – The Guardian IMF to issue downbeat outlook as spectre of stagflation looms – The Guardian The solution to poverty could be as “simple as expanding cash” – Axios Shipping crisis ‘to last to next summer’ as container vessels The post Links 12 October 2021 appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
George Monbiot
Monday, October 11, 2021 - 21:52
Source
Destroying the world’s living systems and draining its wealth are not perversions of capitalism. They are capitalism. By George Monbiot, published in the Guardian 7th October 2021 |
|
MacroBusiness
Monday, October 11, 2021 - 16:30
Source
The start of the trading week is here, and while regional risk analysts are pointing squarely to a probable Evergrande default and then overseas to the underwhelming US unemployment print on Friday night, the risk takers writ large are bidding everything higher, save local stocks. The USD is strengthening against most of the risk currencies, The post Macro Afternoon appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Your Democracy
Monday, October 11, 2021 - 16:20
Source
If I was not sceptic nor a sarcastic old kook as I am, I would suggest that "the Chinese government had an influence on the collapse of the Western financial markets in 2008"... I know this is a long shot, but imagine that a bright young mathematician, called Li Xianglin, received a master's degree in economics from Nankai University, one of the most prestigious universities in China...
|
|
Renew Economy
Monday, October 11, 2021 - 15:15
Source
|
Renew Economy
Monday, October 11, 2021 - 15:03
Source
|
|
Renew Economy
Monday, October 11, 2021 - 15:03
Source
|
MacroBusiness
Monday, October 11, 2021 - 15:00
Source
See our Coronavirus data Dashboard for individual country data. COVID-19 statistics and cases around the World Europe Americas Asia Australia High Vaccination Nations More COVID-19 Statistics and Analysis See our latest blog posts or podcasts here. See our Coronavirus data Dashboard for individual country data Data sources The post Weekly COVID-19 (Coronavirus) statistics and analysis flipbook appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
|
MacroBusiness
Monday, October 11, 2021 - 14:30
Source
Professor Charles Goodhart – professor emeritus at the London School of Economics – told a European Central Bank forum that population ageing across the globe will reduce the supply of workers, tighten labour markets and result in higher wage growth: “In many of the key continental countries, the growth in the working age population is The post Population ageing will drive up wages appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
The Australian Independent Media Network
Monday, October 11, 2021 - 14:00
Source
By 2353NM At the same time as the state governments around Australia are trying to re-establish the ‘greater good’ by promoting COVID-19 testing when feeling even slightly unwell and vaccination (because the inconvenience of a test or injection is far outweighed by the lessening of risk of others catching the virus), the Morrison Government has… The post Looking after your mates appeared first on The AIM Network. |
|
MacroBusiness
Monday, October 11, 2021 - 14:00
Source
The Victorian Government has launched the $500 million Homebuyer Fund to assist about 3,000 people become home owners. Under the Fund, the Victorian Government will become an equity partner and aspiring home owners will only need a 5% deposit. Fund applicants will be subject to income thresholds, must be over 18 and must not already The post Victorian Government throws more stimulus at property market appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Renew Economy
Monday, October 11, 2021 - 13:47
Source
|
|
MacroBusiness
Monday, October 11, 2021 - 13:30
Source
With lengthy lockdowns drawing to an end, job hiring activity is picking up. New data from global jobs site Indeed, posted on Twitter by economist Callam Pickering, showed that Australian job postings continued to rise over the week to 1 October: On 1 October, postings were 52.8% above their level on 1 February last year. The post Australian job postings continue to rise appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Renew Economy
Monday, October 11, 2021 - 13:00
Source
|
|
MacroBusiness
Monday, October 11, 2021 - 13:00
Source
Nordea with the note: A couple of weeks ago we moaned about not being able to focus on proper macro strategy due to a cocktail of bodega-virology and cynical political analysis being more important than economic fundamentals – and then an energy crisis emerges. We have talked about the risk of a stagflationary development due to global The post Stay long USD appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Renew Economy
Monday, October 11, 2021 - 12:57
Source
|
|
MacroBusiness
Monday, October 11, 2021 - 12:30
Source
Carbon offsets are viewed as a vital tool for Australia to reach net zero emissions. However, a new report by the Grattan Institute notes that some industries may see carbon offsets as an excuse to delay reducing emissions, and that they should be left for processes that are difficult to decarbonise. Grattan contends that the The post Grattan: Carbon offset rules must be tightened appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
Renew Economy
Monday, October 11, 2021 - 12:25
Source
|
|
MacroBusiness
Monday, October 11, 2021 - 12:00
Source
This week’s round-up of Wall Street’s smartest guys in the room begins with a bearish Morgan Stanley: We are now calling for Fire AND Ice. We have been calling for a mid-cycle correction to happen one of two ways: • Fire: tightening financial conditions as the Fed signals tapering is coming •Ice: growth disappointment particularly The post “Fire and ice” correction coming for stocks appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Monday, October 11, 2021 - 11:30
Source
Bloomberg has peaked up Tether’s skirts and glimpsed some very ugly junk: Essentially is a stablecoin that will take your money in exchange for itself so you can trade crypto. It’s a made-up central bank that then invests your money in US dollar securities one-to-one. Made up, that is, by a former child actor who The post A peak up Tether’s skirts reveals very ugly junk appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
|
MacroBusiness
Monday, October 11, 2021 - 11:00
Source
For much of this year, I have argued that the best analogy for markets is the great 2015 deflation. That has played out in Chinese growth and key commodity prices for Australia. However, more recently, the energy perfect storm has overtaken that metaphor and I have begun making reference to an earlier period. A closer The post 2008 called. It wants its recession back appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
xkcd.com
Monday, October 11, 2021 - 11:00
Source
|
risks
The Business Council and the Murdoch media come out in support of the green transition, but they can't s
Huawei to announce joint actions across the energy and ICT industry chain to unlock green energy potential for a low-carbon smart society.
Victoria Big Battery sets new benchmark for a battery charge and discharge as it continues to ramp up testing.
FFI and Incitec Pivot plan biggest green ammonia facility in Australia, replacing gas with product fuelled by wind and solar.
The Morrison government's push for more fracking in the Beetaloo Basin could leave the NT government with a staggering $22 billion carbon offset bill.
Even by the standards of the Minerals Council of Australia (MCA), the new report published by the country’s most influential coal lobby on the subject of small modular nuclear reactors (SMRs) is jiggery-pokery of the highest order. Why would a mining industry body promote SMRs? After mining for some years — or at most decades — […]
Shortfall strategies and voluntary demand are having an interesting impact on the LGC market, while lockdowns impacted PV installations and STCs.