Links 28 February 2017

Macro, Markets & Investing

Asia

Europe

Americas

Terra Incognita

…and furthermore…

 

Comments

  1. One Nation ties with LNP in poll amid warnings Coalition should return to conservative base
    http://www.abc.net.au/news/2017-02-27/lnp-and-one-nation-tie-in-polls-in-qld-seat-of-dawson/8304818

    One Nation threatens Coalition unity by tearing into Nationals heartland
    http://www.abc.net.au/news/2017-02-27/coalition-unity-threatened-by-nationals-fear-of-one-nation/8304864

    Slater and Gordon stays in business at the mercy of its lenders
    http://www.abc.net.au/news/2017-02-27/slater-and-gordon-operating-at-the-mercy-of-its-lenders/8306088

  2. Cory Bernardi invites Tony Abbott to join the Australian Conservatives:

    https://www.theguardian.com/australia-news/2017/feb/27/cory-bernardi-invites-tony-abbott-to-join-australian-conservatives

    Interesting to see that a deluded reader thinks that a tiny percentage of the electorate is against low-wage immigration!

    “Bernardi and Abbott are maniacal voices representative of a percentage of the Australian population so tiny as to be almost irrelevant. Naturally though, because they say such crazy things, they get a completely disproportionate level of media coverage.”

    -HenrySwanson

  3. Funds prepare $2 billion oil market play as supply tightens – Reuters – then I saw an article suggesting… that speculative traders in oil futures has created the biggest long position in history suggesting that a break in prices could cause a calamity as traders try and exit their positions…

    I would go for the later than the former. But that is just me.

    • GunnamattaMEMBER

      I am told, out of London, that theres billions looking to take a position on anything that looks to be a trend and that for reasons which escape me a lot is positioning for crude.

      Personally i think theres downside risk (except in Australia at petrol pumps).

      • Thats exactly what I am seeing/hearing too… however, if the AUD falls, Oz petrol could jump. Yeah, oil could drop, and yes refining margins will be pinched, but can’t see transport rates dropping.

        I know its un-PC and desperately uncool – but 50c is still coming IMHO.

      • GunnamattaMEMBER

        that will be for a year to 18 months time when government policy idiocy in energy, tax, the budget, racial villification, renewable energy, industrial relations and political entitlements is on the same radar screen as a carved in stone opposition policy to remove negative gearing and CGT concessions, have a bank royal commission, enforce gas reservation and (begrudgingly) start on the long road to taxing the rich, as well as tone down immigration, which will help create a puckering of cloacas in the banking sector and a hitherto uncommon desire to be near a receptacle for relieving oneself of AUD.

      • Sounds like socialism mate – group think… never been good at that!

        Even if you do all the above, you will quickly realise nothing will change. Australia has far, far bigger problems – than having too few solar panels in SA. I don’t have the answers, but IMHO, none really address the big ideas. What drives a country… who are we? Do we all believe in the ship’s direction? is there a direction? Relativism, vs accountability? Truth? Political correctness. War and conquest. Friends and foes – and how can I afford to get to the next world cup in Japan??? The rest is just white noise that keep people busy.

        Labour are worse than the Liberals because they don’t actually stand for any thing. Old Labour did. In that respect, I have no idea what Shorten wants, vision or anything. I suspect its only power that is the real attraction… I warned about Turnbull, despite the glorious accolades of reason and sensibilities as he acquired the golden throne. The numpties on this site beggars belief. A real lack of stepping out side of ones self and viewing the world objectively.

        Mark my worlds Shorten will be worse, because the Labour Party is so sycophant PC, there is no one in opposition within his own party holding Shorten back. He will make some clangers to the adulation of his own crowd. Things will only get worse.

        And yet I feel rather chipper. As long as I don’t lose my head, and do something really stupid (if history is any guide, I am pretty stupid), I know real opportunities will emerge.

        If Turnbull remains, however unlikely, the same result will ensue. He will spend like a veritable drunk. We cannot escape our destiny – in any case MT noted Socialism only works until you run out of other peoples money…

  4. Interesting comment above about Russia’s East – which will be China’s before long – “Many Russians in the east – which has a dwindling population – fear that in the future they will have to speak Chinese. The Russian regions neighbouring China – Amur, Primorye and Khabarovsk – are home to only around 4mn Russians, slightly more than two people per square kilometre, while there is up to 5mn Chinese illegal immigrants living in Russia’s Far East, and the number is increasing by a million or so every year, according to some estimates.

  5. Interesting comment in Ag article – Many Russians in the east – which has a dwindling population – fear that in the future they will have to speak Chinese. The Russian regions neighbouring China – Amur, Primorye and Khabarovsk – are home to only around 4mn Russians, slightly more than two people per square kilometre, while there is up to 5mn Chinese illegal immigrants living in Russia’s Far East, and the number is increasing by a million or so every year, according to some estimates.

  6. Interesting tidbit from Russian/China Ag. article – Many Russians in the east – which has a dwindling population – fear that in the future they will have to speak Chinese. The Russian regions neighbouring China – Amur, Primorye and Khabarovsk – are home to only around 4mn Russians, slightly more than two people per square kilometre, while there is up to 5mn Chinese illegal immigrants living in Russia’s Far East, and the number is increasing by a million or so every year, according to some estimates.

    Which puts to pale any argument from immigration here in Oz…

  7. Coal Industry casts itself as clean energy player.
    Exactly , it says it so it must be so.
    Factless fact, truthless truth
    Even Steve O’Keefe couldn’t spin this .

  8. Why is the above comment uneditable and marked as Spam?
    All I wrote in the edit was ;
    Even Steve O’Keefe couldn’t spin this.

  9. Coal industry casts itself as Clean Energy Player.
    ??????
    Factless Fact, Truthless Truth
    Even O’Keefe couldn’t spin this.

  10. Good.
    My origional comment , before I was relagated by the Spam Bot was…
    “Coal industry casts itself as Clean Energy Player”
    Factless Fact, Truthless Truth.
    Even O’Keefe couldn’t spin this.

    • The gears have changed mate.

      For cash-strapped governments and their equally cash-strapped citizens the arrival of Trump and his do-away-with-the-EPA and don’t-be-on-the-dole-work-with-coal determinations along with a solid movement back to coal heralded by none other than Fatih Birol, IEA, giving green light to coal as a necessary component of future energy mix that is affordable reliable and essential.

      Extraordinary. Game changing.