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Renew Economy
Tuesday, July 27, 2021 - 15:52
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Renew Economy
Tuesday, July 27, 2021 - 15:50
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Renew Economy
Tuesday, July 27, 2021 - 15:40
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MacroBusiness
Tuesday, July 27, 2021 - 14:30
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The Housing Industry Association (HIA) has issued a media release cheering Labor’s decision to axe the negative gearing reforms taken to the prior two federal elections, claiming it will boost dwelling supply and affordability: “[The] announcement by the Australian Labor Party to drop plans to increase taxes on housing through changes to negative gearing and The post HIA dances on negative gearing’s grave appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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The Australian Independent Media Network
Tuesday, July 27, 2021 - 14:11
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It is a country other powers simply cannot leave alone. Even after abandoning its Kabul post in ignominy, tail tucked between their legs, Australia is now wondering if it should return – in some form. The Department of Trade and Foreign Affairs has been sending out a few signals, none of them definitive. “We will… The post Afghanistan, Failure and Second Thoughts appeared first on The AIM Network. |
MacroBusiness
Tuesday, July 27, 2021 - 14:02
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China has been progressively tightening the noose around iron ore for months now. With some success given recent falls in iron ore prices. Measures so far have included: Releasing strategic reserves. Punishing speculators and limiting futures bidding. Constraining steel output which will lower iron ore imports so long as the curbs are wide enough to The post Chima mulls more steel curbs appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Tuesday, July 27, 2021 - 14:02
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China has been progressively tightening the noose around iron ore for months now. With some success given recent falls in iron ore prices. Measures so far have included: Releasing strategic reserves. Punishing speculators and limiting futures bidding. Constraining steel output which will lower iron ore imports so long as the curbs are wide enough to The post China mulls more steel curbs appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Tuesday, July 27, 2021 - 14:00
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CoreLogic has released its Quarterly Auction Market Review, which reveals that Australian auction volumes were the busiest since 2017 over the June quarter of 2021; although this drove the auction clearance rate down from the March quarter’s record high: There were 31,605 homes taken to auction across the combined capital cities over the three months The post CoreLogic: Busiest auction market since 2017 appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Tuesday, July 27, 2021 - 13:40
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One year ago Sweden was lambasted far and wide for carelessly failing to implement COVID restrictions and ‘letting the virus rip’. Sweden’s Nordic peers each implemented lockdowns, resulting in much lower infection numbers: And lower deaths: But at the cost of reduced freedoms and liberty. One year on and Sweden is enjoying the near lowest The post Is Sweden vindicated on COVID? appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Tuesday, July 27, 2021 - 13:20
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From the beginning of the pandemic, Morrison Government vaccine procurement policy has been written by either carpet-baggers or idiots. First, it sent Pfizer packing mid-last year. God only knows why. Perhaps because its shots were the most expensive. Second, it over-committed to Astra Zeneca, a firm that has never made vaccines before. Perhaps Morrison did The post Another Morrison vaccine hits the skids appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Tuesday, July 27, 2021 - 13:00
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When post-truth becomes the fog of war, via Sinocism today: Global Times: ‘Political virus also needs origin tracing’ as US politicizes, stigmatizes epidemic: FM Wang Yi The coronavirus needs origins-tracing, and so does the political virus, said Chinese State Councilor and Foreign Minister Wang Yi, noting that the US has been trying to politicize the The post China goes all-in on Fort Derrick COVID origins appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Tuesday, July 27, 2021 - 12:40
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MUFG on the Fed this week: Fed in focus with USD set to remain supported as shorts are lightened USD: Fed tapering discussions “progressing”. The primary macro event this week will be the FOMC meeting on Tuesday and Wednesday and these meetings are increasingly important given we are gradually approaching the time of commencing the The post Fed taper and the AUD appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Tuesday, July 27, 2021 - 12:20
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Goldman with the note: In 1H rising inflation expectations and inflation surprises have been a driver of higher rates volatility, resulting in a more negative equity/bond yield correlation. But more recently investors’ worries of a growth slowdown in 2H have increased. In particular last Monday risk appetite fell sharply and risky assets sold off, only The post What next for yields? appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Tuesday, July 27, 2021 - 12:00
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BofA with the note: Credit easing holds the key in 2H •Despite the recent reserve requirement ratio(RRR)cut, mixed data in 2Q open adata-dependent phase of policy making. •In our view, export uncertainty and investment weakness in 2H will lead to credit easing and help stabilize total social financing (TSF) growth at around 10.7%. An unexpected The post When will China panic about growth? appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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Renew Economy
Tuesday, July 27, 2021 - 11:52
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MacroBusiness
Tuesday, July 27, 2021 - 11:40
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XJO is at another new record high this morning as the economy hurtles into recession! Which bonds yields are clearly signaling as the curve is obliterated: The Australian dollar rally stalled out on Sydney’s still rising infections: Big Banks are struggling other than the CBA bubble: But today’s star is Big Iron. BHP has roared The post Big Iron blowoff drives another ASX all-time high appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Tuesday, July 27, 2021 - 11:20
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This was always one serious Hail Mary: As China Evergrande Group mulls a special dividend to revive confidence in its tumbling stock, analysts are gaming out several scenarios that could have markedly different implications for equity and bond investors. Chairman Hui Ka Yan, who directly or indirectly controls three-quarters of outstanding Evergrande shares, will meet The post Evergrande pulls special dividend appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Tuesday, July 27, 2021 - 11:18
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NSW Health has recorded a record high 179 locally acquired COVID cases over the past 24 hours: NSW recorded 172 new locally acquired cases of COVID-19 in the 24 hours to 8pm last night. Of these locally acquired cases, 85 are linked to a known case or cluster – 66 are household contacts and 19 The post NSW records a record high 179 COVID cases appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Tuesday, July 27, 2021 - 11:00
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Morgan Stanley with the note: NBER confirms the shortest recession in history at just 2 months. From the day the recession began last year, we’ve been ahead of the consensus with the progression of this new cycle staring with the v-shaped recovery. It’s all happening faster than normal and that means rotations and changing leadership The post Stock market quietly deflates appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Tuesday, July 27, 2021 - 10:40
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NAB’s Q2 2021 survey of residential property professionals, released yesterday, reveals that the share of Australian homes sold to foreign buyers has fallen to its lowest level since records began in 2010, at only 2.3% of new home sales and 2.0% of established home sales: All major states experienced falling foreign demand for new homes The post Foreign property buyers have forgotten Australia appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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Your Democracy
Tuesday, July 27, 2021 - 10:40
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MacroBusiness
Tuesday, July 27, 2021 - 10:20
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ANZ weekly consumer confidence locked down: ANZ-Roy Morgan Aus Consumer Confidence: Last week confidence fell 3.5% to its lowest since Nov 2020, but it is still well above the early pandemic lows, suggesting the economic hit from these lockdowns will be less than in Q2 2020. #ausecon #ausretail @arindam_chky @DavidPlank12 pic.twitter.com/kE8c7rMCBL — ANZ_Research (@ANZ_Research) July The post Consumer confidence locked down appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Tuesday, July 27, 2021 - 10:00
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In mid-June, RBA Governor Phil Lowe stated that the Council of Financial Regulators (CFR) – i.e. RBA, Treasury, APRA and ASIC – are actively examining macroprudential tools to curb the mortgage/property market in the event that credit accelerates, and that these tools would come into effect before the RBA considers lifting interest rates. In this The post RBA paves way for macroprudential mortgage curbs appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Tuesday, July 27, 2021 - 09:37
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The Victorian Department of Health has reported another 10 locally acquired cases over the past 24 hours. However, like the prior three days, all cases were linked to existing outbreaks and were in quarantine throughout their infectious period. Thus, they pose minimal risk to the community. The next chart shows that new locally-acquired cases in The post VIC lockdown to end with COVID cases under control appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Tuesday, July 27, 2021 - 09:30
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The ferrous complex was OK on July 26, 2021 as spot firmed and paper held. Steel has not updated: In other data, Chinese mills are restocking which is typical for this of year. Port inventories lifted to 129.5mt: This will aid prices while it lasts. But the reasons for concern are still there. Steel output The post Daily iron ore price update (accident waiting to happen) appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
MacroBusiness
Tuesday, July 27, 2021 - 09:00
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There are few investment ideas that show the power of groupthink better investing in Chinese stocks. For years, we have seen investing legends crippled by such investments as one after another they fell prey to the inherent sovereign risk of the CCP. Sure, there are fortunes to be made. But there are fortunes to be The post I will say it again, never invest in China appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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MacroBusiness
Tuesday, July 27, 2021 - 08:30
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Strong corporate earnings kept Wall Street elevated overnight, but only just with the selloff in Chinese tech issues overshadowing the new record highs as Treasury yields bounced a little after some strong auction results. USD sold off mainly against Euro while commodities lifted with oil up 1%, copper up over 4% while gold fell back 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, July 27, 2021 - 06:49
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Forex markets were haywire last night as markets try to digest slowing recoveries in both the US and China and what authorities are going to do about it. DXY was soft and EUR lifted: The Australian dollar climbed: Gold fell. Oil is cooked in my view: But there is nothing that base metals like more The post Australian dollar bounces into China stock bash appeared first on MacroBusiness. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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John Quiggin
Tuesday, July 27, 2021 - 06:41
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A new sandpit for long side discussions, conspiracy theories, idees fixes and so on. To be clear, the sandpit is for regular commenters to pursue points that distract from regular discussion, including conspiracy-theoretic takes on the issues at hand. It’s not meant as a forum for visiting conspiracy theorists, or trolls posing as such. |
John Quiggin
Tuesday, July 27, 2021 - 06:39
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Back again with another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. If you would like to receive my (hopefully) regular email news, please sign up using the following link. |
The federal government will fund 20 microgrid projects, to boost strength of regional grids during natural disasters and increase renewables use.
Australian researchers achieve new efficiency milestones for next generation perovskite solar cells, turning to a common dietary supplement.
Two large-scale solar and battery storage projects proposed for Victoria’s Gippsland region underwritten by a “landmark joint venture.”
Rooftop solar exports are subsidising others, and we should stop treating this technology as if they were big fossil fuel generators.
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