Renew Economy
Wednesday, January 11, 2023 - 11:55
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Renew Economy
Wednesday, January 11, 2023 - 11:35
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MacroBusiness
Wednesday, January 11, 2023 - 11:30
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Let’s kick off with the November monthly CPI: The monthly CPI indicator rose 7.3% in the twelve months to November. The most significant price rises were Housing (+9.6 per cent), Food and non-alcoholic beverages (+9.4 per cent), Transport (+9.0 per cent), Furniture, household equipment and services (+8.4 per cent) and Recreation and culture (+5.8 per cent). The post Aussie data ends the year hot appeared first on MacroBusiness. |
THE BLOT REPORT
Wednesday, January 11, 2023 - 11:24
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MacroBusiness
Wednesday, January 11, 2023 - 11:00
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I haven’t agreed with JPM’s Marko Kolanovic on much for a year but this is more like it. Cross-asset Strategy: The ECB will likely remain focused on inflation and is unlikely to stop until policy rates are sufficiently far into restrictive territory. This should weigh on European equities which are trading close to cycle highs The post Buy China, sell Europe appeared first on MacroBusiness. |
xkcd.com
Wednesday, January 11, 2023 - 11:00
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Renew Economy
Wednesday, January 11, 2023 - 10:42
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Your Democracy
Wednesday, January 11, 2023 - 10:39
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Russian President Vladimir Putin is not an “unpleasant” man, Emmanuel Macron has said, but that cannot be an excuse for launching a “war” on Ukraine. The French president made the bizarre remark during an appearance on Saturday at Les Rencontres du Papotin, a TV program hosted by a group of journalists with autism. Macron was grilled by the journalists on assorted issues, including his ties with Putin. |
MacroBusiness
Wednesday, January 11, 2023 - 10:30
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This is very weak but temporary owing to the COVID rip. Still, it means the growth rebound ain’t coming any time soon given transmission lags. Goldman wraps the December Chinese credit data. Bottom line: December credit data were mixed. Total RMB loans surprised the market to the upside and showed broad-based improvement – both mortgages The post Chinese credit tanks appeared first on MacroBusiness. |
Renew Economy
Wednesday, January 11, 2023 - 10:08
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MacroBusiness
Wednesday, January 11, 2023 - 10:00
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The ferrous complex is still charging: How high are we going to get? $140 maybe. We have another three months to rally on seasonals. The future remains beyond gloomy: The deposits have drawn Chinese multinationals including China Baowu Steel Group, the country’s largest iron and steel producer. In September, Baowu signed a deal with Société The post Daily iron ore price update (Plbara killer 2025) appeared first on MacroBusiness. |
MacroBusiness
Wednesday, January 11, 2023 - 09:30
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Coalition humiliation is complete: The Albanese government will cap the carbon price at $75 a tonne for miners and other big industrial emitters, in a bid to shield business from the risk of future cost spikes and provide certainty under Labor’s decarbonisation plan. The price cap is part of a package of reforms announced by The post Coalition humiliation complete with carbon price appeared first on MacroBusiness. |
MacroBusiness
Wednesday, January 11, 2023 - 09:00
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Wall Street was able to bounceback in late trade this morning with tech stocks leading the way while the USD was basically unchanged against the majors as the Australian dollar retraced slightly below the 69 handle. Bond markets are seeing more loosening of yields in anticipation of the next US CPI print with 10-year Treasury The post Macro Morning appeared first on MacroBusiness. |
THE BLOT REPORT
Wednesday, January 11, 2023 - 08:50
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Badham, V. 2021. QAnon and on: A short and shocking history of internet conspiracy cults. Hardie Grant Books, Melbourne, 469p.1 I cannot remember where I heard about this book initially, but a Facebook post by Van Badham instigated its acquisition as I trawled around compiling my Christmas list of books. I have had a great deal of interest in this QAnon phenomenon and other wacky conspiracies ever since I learnt of them some years ago, and have written a few items about them, in Australia2, 3, and in the US4. |
Cheeseburger Gothic
Wednesday, January 11, 2023 - 07:13
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It’s a grim business, trying to build a habit that’s good for you. I’m a world champion at laying down bad habits. But the good ones? Not so much. As I wrote over at Sideboob last Friday, I’m leaning into one simple change for the start of the work year: nailing my start-up sequence. |
The Australian Independent Media Network
Wednesday, January 11, 2023 - 06:00
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Some people sincerely believe that we don’t need the position of president and that the Prime Minister fills the role anyway. As one who worked tirelessly for the Australian Republic Movement during the debate in 1999, I do not concur with that thought. If we are to become a republic with a ceremonial head of… |
MacroBusiness
Wednesday, January 11, 2023 - 00:10
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The Australian Chamber of Commerce and Industry has called on the federal government to provide a pathway to permanent residency for all temporary skilled migrants as part of its submission to the government’s review of the migration system. With the ACCI also calling for an increase in the permanent migration intake from a record high The post Business lobby demands unlimited fake ‘skilled’ migration appeared first on MacroBusiness. |
MacroBusiness
Wednesday, January 11, 2023 - 00:05
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Everybody with a mortgage knows that the latest interest rate cycle in Australia is one for the record books. In only seven calendar months, Australians saw the official cash rate (OCR) climb by 3.0%, which has nearly doubled variable mortgage rates: In turn, average variable mortgage repayments have soared by around 40%, adding around $900 The post RBA’s record interest rate hikes play with fire appeared first on MacroBusiness. |
MacroBusiness
Wednesday, January 11, 2023 - 00:01
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Global Macro / Markets / Investing: A tremendous credit boom took place in 2022, and it may not even be ending – FedGuy Economists don’t see significant increases in unemployment going forward – Daily Shot (ruh roh) Ozone layer may be restored in decades, UN report says – BBC Americas: Brazil’s Bolsonaro hospitalized in the The post Links 11 January 2023 appeared first on MacroBusiness. |
Your Democracy
Tuesday, January 10, 2023 - 20:03
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There's a key difference between the classified documents found at a former Biden office and the ones Trump kept at Mar-a-Lago, national security expert says.
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MacroBusiness
Tuesday, January 10, 2023 - 17:00
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A mixed session on Asian stock markets following the shaky start to the trading week on Wall Street overnight as risk markets continue to second guess the Fed’s rate rise agenda in 2023. The USD hasn’t move strongly against any of the majors but they in turn are not moving higher with the Australian dollar The post Macro Afternoon appeared first on MacroBusiness. |
Renew Economy
Tuesday, January 10, 2023 - 16:09
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Cheeseburger Gothic
Tuesday, January 10, 2023 - 15:49
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Realised with horror this morning that I’d left the house without my Apple Watch. I was already on my morning walk, ready to burn those calories like a mofo. And now? The sum of fucking calories burned was zero! |
MacroBusiness
Tuesday, January 10, 2023 - 14:43
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ANZ-Roy Morgan Australian Consumer Confidence jumped 4.9pts to 87.4 last week, reaching its highest level since late September 2022…the first new year’s jump in confidence since 2018. #ausecon @AdelaideTimbrel @arindam_chky @RoyMorganAus pic.twitter.com/ADCHWcngB8 — ANZ_Research (@ANZ_Research) January 9, 2023 I would describe that as couldn’t get any worse. The post Consumer confidence leaps to catastrophic appeared first on MacroBusiness. |
MacroBusiness
Tuesday, January 10, 2023 - 14:30
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Pick your pudding or poison and be careful what you wish for. From Nautilus Research: Correlations work both ways as this ensemble chart above definitely shows how price action seems to rhyme over time. The real lesson is that the progression from outcry calling, bucket shops, to electronic trading, to HFT its all the The post Listen to the charts but they don’t all sing the same tune appeared first on MacroBusiness. |
MacroBusiness
Tuesday, January 10, 2023 - 13:30
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Fear-mongering about Australia’s ageing population has ramped up again recently. The headline in the image below is a classic example. Source: https://www.afr.com/politics/federal/why-an-older-and-smaller-australia-... Three years ago I wrote a report about the myths surrounding the population and ageing debate. Find that report here. Go on. Read it. That report debunks much of the nonsense analysis we see |
MacroBusiness
Tuesday, January 10, 2023 - 13:00
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For those willing to bet on whether Emperor Xi got laid this morning. I buy the possibility of China’s domestic stocks being able to rally through the US recession, not least because I see the property adjustment as structural so easy credit seems assured. But not Europe as the ECB chases the Fed. The Market The post The world’s new bull market appeared first on MacroBusiness. |
MacroBusiness
Tuesday, January 10, 2023 - 12:30
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I will track these prices regularly. Although the Albanese Government has won the recent round of energy warfare, the gas cartel and coal robber barons are only playing dead. NEM prices popped yesterday as the wind stopped blowing in the south: More intriguingly, electricity futures are back above $100MW/h. I have no explanation for this. The post Electricity futures suddenly pop appeared first on MacroBusiness. |
Renew Economy
Tuesday, January 10, 2023 - 12:18
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MacroBusiness
Tuesday, January 10, 2023 - 12:00
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Great stuff here from Michael Wilson of Morgan Stanley. When discussing consensus, I prefer the use of the weighing machine of price rather than a voting machine of sentiment. On that basis, the consensus is clearly still bullish! Remember, it is the job of bear markets to suck in every sod and eat him alive The post Wilson: Sell the rally appeared first on MacroBusiness. |