Macro Afternoon

See the latest Australian dollar analysis here:

Macro Afternoon

 

turdburglar

Markets inverted their risk profile today in Asia with Chinese stocks selling off as the Yuan surges against USD, Japanese markets tread water and local shares lift strongly in line with Wall Street overnight. Currency markets are poised for tonight’s Federal Reserve meet with gold coming back slightly as the symmetrical triangle on the four hourly chart begins to close up in response, now at the $1958USD per ounce level:

In mainland China, the Shanghai Composite has given back yesterday’s advance to be down nearly 0.7% to 3273 points while in Hong Kong the Hang Seng Index is doing the same, down over 0.3% to 24661 points. Japanese stock markets are holding on despite a much stronger Yen with the Nikkei 225 barely unchanged at 23475 points as the USDJPY pair looks set to breakdown to a new weekly low (solid black horizontal line) at the 105 handle:

The ASX200 was the odd one out, soaring 1% to be at 5956 points while the Australian dollar is remaining firm and steady in preparation for the FOMC meeting, still at a two week high and just above the 73 handle against USD:

Eurostoxx and S&P futures are relatively flat with the S&P500 four hourly chart continuing to climb up to key resistance at the 3420 point area, but still yet unable to crossover:

The economic calendar has two big ones to watch out for – US retail sales and the latest FOMC (aka the Money Printer’s Alliance) meeting.

PS: 48 days til the US Presidential election. I’ll stop the cartoons/memes then. Maybe.

Latest posts by Chris Becker (see all)

Comments

  1. Shoulda gonna back into TSLA, didn’t
    Tried to short AUD, failed.
    Looked at PMs, couldn’t decide what to do.
    Euro bonds are back to negative and dollar index keeps sliding.

    FIIK.

    • what debates?
      Dems declare Biden got covid19, Biden miraculous recovery 5 days prior to elections hailed as warrior/survivor/hero and all MSM pumping same story until election day.

    • I don’t like Biden, I don’t think he offers anything of substance. But watching Trump refute the Scientific evidence like that reminded me of Politicians in Australia lying about the cause of our bushfires. Trying to fob it off as lack of back burning etc.. seems fossil fuel companies are in the pockets of all representatives in Government to push the idea that it’s not climate change.

      Even if we get past Covid-19 we’re doomed eventually..

      • I am wtg for bcnich to comment on solar minimum myself.I find it quite interesting.Always pays to see alternate views.

      • Stop. Think about it. Trump (his final statement) is correct. But you have to understand science is not politics.
        Funny how we reflectively think Trump is a buffoon.

        • Well you might think he is a buffoon but not me. I have said all along he is a grifter. Looked at through that prism and much of what Trumpy does is unsurprising.

          • yeah I few Americans I know say under Hilary it would’ve been largely the same, minus civil unrest. I concur, nothing special or remarkable.

        • FUDINTHENUDMEMBER

          Yeh I kinda think this. Some of the stuff he says is so insanely stupid, that it cant be for real. Eg. Raking leaves will prevent millions of acres of wild fires, nuking a hurricane might be a good idea, “the science doesn’t know actually”.

          So he’s either a complete dumbass (entirely possible – Dr. Strangelove style) or the greatest evil sack of excrement ever to overuse orange foundation.

      • For mine, Biden is little more than a puppet of the DNC – the people with the real power are behind the scenes pulling the strings. Kamala Harris is also a useful, pliable idiot (and a nice woke choice in the current climate).

        • Nuthin nice about Harris. Didn’t you see her lionising that villain bully [email protected] – she said she was ‘proud of him’- what about the victim? She who was a champion of #metoo and terrorised Judge Kavangh with unfounded accusation. She cant walk in a straight line, she’s an ideologue who plunder whoever she can to get her own outcome.
          Strange how this stuff is ignored here.

          • Frankly, the whole Democratic Party is a cancerous tumour. They’re either ideologues and/or on the take.

            Politics, in general, is a shambles all over the world right now as pollies furiously rake in all they can before the apocalypse. At least, that’s the way it feels.

    • Here’s slow motion detailed close-up footage of Joe Biden sexually assaulting an 8 year old child. On Camera!

      https://streamable.com/ok7i21

      This is one of the most appalling things I’ve ever seen from a politician or anyone, and I’ve seen appalling.

      The man is a devious and practiced and serial sexual predator who make Bill Clinton look like an angel. He seems unable to control his vile urges and does this in public because he enjoys the thrill and knows he’ll go unchallenged. If that girl was my daughter I would’ve beat Biden like a rented mule.

      He’s also demented and clearly lost his marbles.

      Meanwhile, Dan Andrews. And Scott Morrison.

      What a world we live in.

        • Biden's teleprompter

          And yet crickets on BLM funding ending up with his campaign, and all they do is burn and loot.
          Then there is the small issue of antifa dot com redirecting to his campaign as well, and all they do is terrorize people. Seriously, type it in and look it up.
          Yes, the man is a true stand-up-guy. I should know, he constantly stares at me in a vague spaced out way muttering things that are not even on my display.
          Don’t mention his Ukraine or China dealings.

          • Biden's teleprompter

            He stares at me the same way a geriatric dog stares at the fridge, waitng to go outside for a plss.

          • So some American politician stares at you? Yeah goodo. (tip: when you’re copying and pasting stuff from other websites check to see if it still makes sense.)

      • China PlateMEMBER

        “Meanwhile, Dan Andrews. And Scott Morrison”
        I ain’t clicking on any of those vids.
        You can keep those ones to yourself, thank you very muchly

      • Sadly, there are people out there who will tell you it’s all fake.

        The mind boggles, given the plethora evidence otherwise.

      • can MB ban this deranged cult member already? got any more J-Dubs invented Disney owned conspindustry fake garbage to proffer? Biden sucks, but you’re a bit much… reading that qanon still? go watch the Matrix again you red-pill tard.

  2. and that cartoon sums it. this is what Mericans vote for these days. The other guy thinks he is husband to himself.

  3. reposing again from the morning report as I only posted it in the arvo and is more relevant to now..

    NikoMEMBER
    September 16, 2020 at 3:13 pm

    couple of days ago I made prediction how markets are going to behave this week and how they’ll finish.. US markets that is.
    First night was close enough as I predicted solid gains but was out to a point as I thought they’ll rally more than they did. Second night I called for small falls and DOW wasn’t far.
    Tonight call was and still is solid falls even though futures are still green and start to think there will be no reprieve on Thursday or Friday. Feels like this week will shake most of the Robyn Hooders.

      • probably.
        This Friday is the end of the quarter for options. Huge volumes will expire on Friday night and from what I heard Robyn Hooders bought massive volumes with very short maturity dates – few weeks.
        If that is the case and large percentage expires this Friday I think most are under water and if market falls ~ 2% tonight it will trigger panic selling on Thursday which means it will be pure bloodbath on Friday with every single Robin Hood trader capitulating.
        Just a theory and I may end up being wrong real bad.. looking at the futures I probably will be wrong.

      • just to clear few things:
        Selling tonight might be cause by institutions who were buying to hedge against their naked call options they sold to the retail as they realise retail is under water. Once those options become worthless banks will trigger margin calls on the retail and that will cause the second wave of selling which should happen on Thursday. By Friday all will be over and people will be selling with aim not to trade again in their life.

        If I am right that is. But futures are telling me I am making fool of myself.

  4. What is a respectible time to get on the cans if you are WFH? I feel some days I need to start at 300pm …

  5. Arthur Schopenhauer

    Interesting to walk my neighborhood in lockdown. Everybody’s cars are on the street or in front of the garage. WFH in the garage I guess.

    So many families with young kids with a new Subaru Outback and a ritzy euro car. It’s like $120k plus, depreciating while doing SFA for status and transport.

  6. Sanders was the only Dem with enough charisma, wit and substance to defeat Donald… if only they gave him a crack!

  7. At this stage of the game it simply begs the question of whether it is the policy of the current Australian LNP government, headed by PM Scott Morrison, to completely trash the competitive basis of the Australian economy and to inflict lasting economic pain on all Australians.

    Further to that, if we think it was an ALP government (Gillard’s) which OK’d the Gladstone white elephant, and governments of both flavours which have looked the other way while Australian gas which once meant amongst the cheapest gas prices in the world for Sydney and Melbourne, and therefore cheap electricity, has become about the world’s most expensive – while both sides of politics try to nudge coal seam gas and fracking on a population all too aware of the environmental and health costs this entails – then the following question simply arise.

    Does Australia’s body politic – both mainstream sides including the Lberal Party, the National Party and the Australian Labor Party – have at its core an economic policy of completely trashing the competitive basis of the Australian economy and to inflict lasting economic pain on all Australians.

    Have Australian public sector data gathering, regulatory, and policy formulation organisations and departments been so corrupted that they do not identify the above? Have they been so neutered that they cannot report the above to Australian politicians?

    And at that point

    Are Australian political and public sector elites acting in the best interests of Australians? Are they accountable for acting in the interests and explaining their actions to Australians to a sufficient degree enabling Australians to feel that their politicians and senior policy makers are accountable to them? ….and if they are not, How can they be made more so?

    It is time for open revolt.

    I think it is time for a new political party which I would call putatively Bullshit Australia – the party to identify and deal with Australian Bullshit and to promote informed and data backed decisionmaking throughout the political and administrative bodies of Australia, and to hold politicians, public officials and corporate interests to account for past decisions made, starting with a permanent standing Australian Corruption Commission.

    Current Members
    Gunnamatta – Victoria
    LSWCHP – ACT
    blacktwin997
    Forrest Gump (Secretary of the ‘No Bullshit’ wing of the Party)
    Bendy Wire
    RobotSensei
    The Sling Shot Boys
    Haroldus (NSW)

    • The Sling Shot Boys

      The Sling Shot Boys are a fraternal organisation. We trace our origin to
      David of Florence of the 14th century, as completed by Michelangelo.
      You all recall that, David has a sling over his left shoulder and a rock in his right hand.
      His sight is fixed on Rome.
      David is depicted, as the legendary underdog, prior to the great battle.

        • You might note David’s very strong Left arm. When it comes to impact, some might say that speed can make up for lack of weight.

          • I used to do boxing training with a short weedy looking bloke who was a really accomplished amateur. Not big, totally unimpressive looking at first glance, but he was as hard as the Rock of Gibralter and dazzlingly quick with impeccable technique. I’m a pretty big and strong bloke but he’d stand there and I’d hit him in the abs with a good shot and my gloves would just bounce off him. Meanwhile, I’d be moving as fast as a glacier while he replied. It was a lesson in humility. Size doesn’t matter in some cases, and speed makes up for a lot of other deficiencies.

    • Me too.
      You will have a militia in no time:
      “There are about 9.5 million Millennials and Gen Z, = about 40% of the working population,”
      “Gen M and Z have average incomes of $35,450
      Avg net worth of $6500.
      About 35% have student debt averaging $23,800.”
      This is about 3x the level of debt carried by their parents.
      ??????????????????

        • All is well
          Looking around for a workshop for the project.
          seems they are becoming lower in price by the day.
          that shark stirred up things for a day or so
          Right in the water where you were having a beer.

          • Or a surf ..
            Or being dropped in on by some tard … there used to be rules on the Goldie. Now even the sharks aren’t obeying them.

    • I’m serious about this if you guys are. I’m prepared to join and work for such a political organisation because I’ve had enough of the bullshit, and my complaining on the internet doesn’t seem to have caught Scomo’s attention so far despite my renowned eloquence and gift for creative profanity.

      How many members does one need to register a political party?

    • Are you handing out ministries yet?

      Can I have Defence and the Yartz as a megaministry?

      Oh and Natural Resources.

      Daddy needs a new pair of shoes.

      • ErmingtonPlumbingMEMBER

        Back off Harry!
        The Rex Connor/Natural resources/digging a hole ministry is mine!
        Well,…once I resign from the ALP and if Gunna lets me in to this BS party.
        Are ex ALP members considered to,…“Suss”?
        I do hope “we” aren’t gunna be just another Independent “centre right party” they are a dime a dozen. We have got enough of them.
        Now a Truly centre left, pro welfare state, party that advocates for lower immigration and less Identity politics,….that really would be something different.
        https://twitter.com/ErmoPlumber/status/1305851607674839041?s=20

        • Mining BoganMEMBER

          Rex Connor!! Jebus man, the last time he said something the CIA got involved!

          You want to get heart-attacked like he did??

        • That is Bullshit Australia’s new Minister for Water Resources.

          ….but it isnt ‘Gunnamatta’s’ Bullshit Australia it is the Australian people’s Bullshit Australia

          Viva La Revolucion!

          • Slogans are hard. Three word slogans are hard.

            “Sick of focus group bullsh!t? Vote 1 real Bullsh!t”
            “Bullsh!t no matter who you voted for. Now you can vote Bullsh!t.”
            “My vote is Bullsh!t!”
            “I see Bullsh!t people”

            “Let us be your Hercules and clear out the bullsh!t” (slogan for the key classical scholar demographic).

            Hopeless! We need focus groups and PR.

          • Nup,

            only one slogan needed

            ‘This is Bullshit!’

            Just imagine crowds of Australians, maybe a million strong all chanting ‘Bullshit, Bullshit, Bullshit!’

          • Nup,

            only one slogan needed

            ‘This is Bullshit!’

            Men and Women of Australia, Have you ever wondered about your energy costs ………‘This is Bullshit!’
            Do you wonder why your salary hasnt gone up in donkeys years? ‘This is Bullshit!’
            Do you work in a large organisation wondering why psychopaths inhabit the upper floors and you get stuck with meaningless KPIs? ‘This is Bullshit!’
            Do you worry about if your kids will get a decent education in a government school while ‘elite’ private schools get more funding from all levels of government than your kids school does? ‘This is Bullshit!’
            Do you wonder why your governments keep banging on about immigration needed for skills shortages when kids with Master degrees are joining the military as base grade grunts because there is nothing else for them to get into? ‘This is Bullshit!’
            Do you wonder why Australia, the worlds largest gas exporter has the worlds most expensive gas in Sydney and Melbourne? ‘This is Bullshit!’
            Do you wonder why foreign nationals traipsed on in and laundered money through Australian real estate so your kids need to move to Campbelltown to be able to afford a house, and hack out a 2 hour commute to a peanut paying gig every day? ‘This is Bullshit!’

            Every time a mainstream politicians opens his mouth (or her mouth) in the public domain, just point out ‘This is Bullshit!’

          • Jumping jack flash

            Oh, you have spiwwit.

            The problem is the political landscape. Even if you were lucky enough to gain enough power in parliament to be able to implement changes, you would find that you couldn’t because all of those things you mention are run by private companies now and there is no jurisdiction to meddle with how a private company does their stuff, and still call ourselves a democracy and a free-market economy.

            What needs to happen is a coup on the private companies and seize power back from them after it was fairly sold off and money received, completing the contract of sale of most of the power the government had over the everyday experiences of their own people.

            You can see the issue pretty quickly. Perhaps you could argue that the government of the day had no right to sell off the people’s assets, but, it’d be tricky.

            Didn’t Castro do that or something?

    • Mining BoganMEMBER

      We need to discuss the booze allowance. The entire Queensland gubmint and departments managed to quaff their way through $60k worth, which seems quite tame really. The Rodent in his Canberra years used to spend $30k just by himself…and that was 15 years ago! If prices double every seven years then, well you do the maths.

      So, do we drink like the entire state of Queensland, or like legendary parasite John Howard? Like Queensland would be cheaper.

      • My all time favourite QLD government story goes like this. As a young man I made many mistakes. One of the greater ones was to live in Townsville in 2002. To show that they are of the people and for the people of the entire state the Government sat in Townsville. That week the brothels set new records for business and income. Think about it. The QLD gov, and all their hanger onners, set a brothel use record in a city that is just an army base and miners. That is truly impressive.

        • Coming from Canberra and having worked for 35 years within easy rifle shot of half a dozen brothels, I would have been surprised by any other result.

          Canberra’s brothels make big bank when Parliament is sitting. I’ve seen it with my own eyes.

          • @China…yes, funnily enough, since the days of mobile phones, but nothing that would stand up in court.

            There are 2 knocking shop front doors visible from my office window. Funny what you see working late sometimes in winter.

      • I feel like she revealed a lot with the “need to BYO money” remark. She did bring her own money, it paid for the research…

    • TailorTrashMEMBER

      She can join thousands of the new Australians she
      loves so much and become a food delivery driver

      Dr Deliveroo has a nice ring to it …

    • I’m loving it.

      I think I’ll pop by twitter and give her a 20 round burst of my finest sympathy. Or perhaps even (shudders with anticipation) what the armoured guys used to call a 50 round “killing burst”.

    • Oh, that felt good.

      My partner back in the late 80s was a senior bureaucrat at a local tertiary institution. She was involved in the very earliest programs to entice foreign students from Asia to “study” here. I can tell you right now that even way back then there was exactly zero interest in providing a quality education, and 100% interest in making money.

      I knew it would eventually turn into a goatfcuk. Just didn’t think it would take 30 years.

      Well, here we are. Chortle. Sucks to be Dr Demography, eh?

      • and the irony is the internationals will start doing these over-priced Aussie uni courses online, realise they don’t need to actually come here and be further shafted for all the other costs associated with residing here, and they’ll soon realise virtual attendance is the smartest way to obtain Australian higher education qualifications on your CV… then the game really is up!

        • dafuk? they’re simply NOT going to do this. You need to actually BE here to operate as a syndicate proxy… duh..

    • China PlateMEMBER

      Geez mig you impressed “Ladywhitepeace”
      But you may need to explain this

      “Peace is Free, Always Available with Instant Delivery and No Work Required!”

      • Mig is a knight in shining armour, helping a damsel in distress.

        In other words, the things a bloke’ll do for a r00t these days, eh?

    • adelaide_economistMEMBER

      Loved this reply:

      “International students are dropping out of Education degrees because of the inability to pass LANTITE. This means that we are losing full fee paying places. Does this not have a roll on effect on university job losses and fee hikes?”

      LANTITE being the literacy and numeracy test for teacher education students. So these diligent and noble protectors of ‘higher education’ aren’t worried that student teachers can’t read or write well enough to pass a basic test, but that full fee paying places may be emptied. How low have our universities fallen when even the ‘woke’ are just money grubbing pieces of slime? The commenter no doubt identifies as an ‘academic’ and ‘left wing’ but her thinking should put her front and centre on the LNP front bench. She’d be right at home.

      • Jumping jack flash

        The people who are in charge of universities and their policies and such need their gargantuan piles of debt like everyone else. To be eligible for the right sized piles requires the proportionate amounts of income. University income is created through sales of places.
        Sell more places, increase income, increase the maximum size of your debt pile.

        Its pretty simple to see how it works, and most importantly, why it must be done like this.

  8. No calls to sack Gladys? The media is silent yet again #BullshitAustralia

    https://7news.com.au/news/nsw/adf-member-caught-entertaining-woman-while-in-hotel-quarantine-c-1317960

    An Australian Defence Force member has been fined after “entertaining” a guest while undertaking mandatory hotel quarantine.

    A 53-year-old woman was found in the 26-year-old man’s hotel room after ADF officers conducting security at the Pier One hotel in Sydney “heard a female voice in the room of a man”, NSW Police said in a statement.

    The man is in mandatory coronavirus quarantine in the hotel after recently returning from overseas deployment.

  9. From LinkedIn job ads. Truth or typo?
    Our client is one of the state government body that is expending their IT department rapidly.

    • Truth.

      I’ve had dealings with bell-ends in the recruitment game recently that have done way worse and are vastly less literate.

  10. reusachtigeMEMBER

    I love your hate of Trump! It’s major derangement and so intensely great. LOLOLOL. Will enjoy when he smashes it in!

  11. farther’s day present – The Balvenie – Doublewood – matured in two distinct casks – aged 17 years.

    sipping few drops now.

  12. btw.. I bought another 100k shares in PXX. I liked what I saw in their last announcement. Widths not as great as first two holes but grades are ok and visuals from few of the cores point to higher grades of Cu and Au. Soon I’ll find out if right or wrong.

      • thanks mate. did he/she look at the latest announcement and read the table where they describe the visual observation from the drills that are waiting assays?

        • Summer-only drilling
          Last year’s assays were very ordinary
          Admittedly haven’t look at this year’s — have they announced any results for 2020?

          • yes, check ASX ann.
            In regards last year drilling the scarn I think those are good results. This or last week announcement is extentional drilling of the scarn deposit and I find it very encouraging.
            Agree in regards to the porphyry drilling last year but with porphyry (not trying to look for excuses) exploration, it is very very rare for someone to hit high grades with their first 10 holes and PXX has only drilled very few. Lot less than 10.
            Ask your friend to look into the latest announcement please – keen to hear opposing view or if he/she changes position.

          • also, be aware they can only drill during summer due to weather. I expect them to raise more funds on the back of current drilling so they can continue drilling the scarn.
            My understanding is pXX is looking for JV partner to drill the Porphyry targets but they may be forced to drill few more holes on their own. If they raise enough capital they may do so.

      • money wise I know they will need to raise funds soon. I am focusing on the quality of their ground and chances to make decent discovery.
        Thanks for heads up. Let me know if your friend looked at the table and still think not that good. I thought those were good indicators for decent grades. Obviously no one knows how much of those minerals are present in the cores but Chalcocite, Bornite and Cuprite will normally indicate higher than average grades. On top of that they observed visible gold in three cores.

        • “Ask your friend to look into the latest announcement please – keen to hear opposing view or if he/she changes position.”

          Will do!

  13. Woot! After months of searching I just bought myself a SIG Sauer P226 9mm handgun. An absolute classic to go with my other two 9mm handguns. Because, in these difficult times, or even in the best of times, a man can never have too many guns.

    Along with the Father’s day single malt, it’s making up for a crap day at work.

    • Can’t go wrong with a Sig, quality handguns. I have a P320 and it’s the best handgun I’ve ever owned. I am looking at the new M18 but the US ammo shortage is starting to bite atm.

      • I almost bought a P320 about 4 years ago when I was in the market for a polymer piece. Sweet guns, but they were hard to get and I ended up with a Walther PPQ instead. Very similar guns, but I think the Walther has a better trigger…almost but not quite like an average single action and way superior to my previous Glock.

        Regarding ammo, if you don’t reload you should give it a go. A Dillon Square Deal will let you make about 150-200 premium quality rounds per hour with no fuss at all. A bigger Dillon would be even better. You can tune the ammo to your gun, it’s a fraction of the cost of factory loads and you become pretty independent of factory ammo supplies.

        • I reload my rifles just not my Cat H. I have a Hornady multistage which is great, it’s just finding the time to smash out 500 or so rounds is a pain atm.

          P320 is quality. The calibre x-change kits are great If you can still find them and can essentially turn it into 4 guns in one. Except if you want .45ACP then you have to swap everything out essentially and not just barrel/mags.

          That being said I think it’s time for another handgun now.

          • It’s always time for another handgun! 🙂

            I must be the converse of you. I shoot about 7-8000 rounds of competition pistol each year, and do the odd bit of rifle sighting and practice for my hunting where I mostly don’t fire a shot due to my miserably poor hunting skills. Let’s just call it armed bushwalking rather than hunting. 🙂

            Speaking of which…must be time to book another hunt.

    • You can’t use Trump and responsibility in the same sentence. Incompetent sh1t bag sure, responsible no.

    • California Gov Newsom agreed with Trump. Vegetation management is a thing, and it is fundamental.
      Biden called Trump a climate change ‘arsonist’… while his own campaign are funding the bail for diehard arsonists wrecking blue state cities.
      People cannot see when they only listen to themselves. There is a lot of trite in posts to this blog.

      • Probably. But in CA, the GOP won the most recent election on a seat in US congress. That was a surprise, and of the kind that doesn’t get air time.

    • Prettyfly Forawhiteguy

      Will there ever be a future forest fire that is NOT due to climate change? These climate alarmists just aren’t credible – when they attribute every natural disaster to climate change then no disaster is due to climate change.

    • I suspect you’re right.

      The Dems have miscalculated massively with the Antifa/BLM violence. Who woulda thought people don’t like their homes and businesses and police stations being burned to the ground as they are assaulted in restaurants?

      When faced with a choice between that outcome and being ruled by a demented degenerate, or Trump, I think a helluva lot of people will quietly choose Trump.

      Trump has played the Dems like a guitar. They expected him to charge in like a bull at a gate over riding state rights, producing more Kent State massacres etc. Instead he’s stood back and said ” it’s a state issue but call me if you want me”. None of the Dem governors could stomach that option, so virtuously and righteously in the cause of social justice they have watched as their cities were burned and pillaged by hired criminals in the guise of “mostly peaceful” protestors.

      I think Trump will win bigly on election night. Whether the Dems manage to pull of their mail-in voting scam is another matter.

      I should add that analysis is not endorsement. Trump is a pig of a man and his business practices were appalling. He is a bad person, but I would’ve voted for him over Clinton, as the better tasting of two sh1t sandwiches. Biden is as bad as Clinton but in different dimensions. I sit here amazed every day that a major US political party could successively offer up two such horrendous people as presidential candidates when someone as admirable as Tulsi Gabbard was in the running But that’s how they got Trump, and that’s how they’ll get more Trump.

  14. Tehan just on ABC the business talking international students. Point blank said he wanted to get it back to “where it was ” and then had a VC on whinging about revenue declines.

    Interesting point made was the S.A. pilot program seems to have hit a dead end. Not surprised.

    • I just saw Tehan too… poor bugger, he’s residing over a portfolio that could well dry up to nothing – the internationals will start doing these over-priced Aussie uni courses online, realise they don’t need to actually come here and be further shafted for all the other costs associated with residing here, and they’ll soon realise virtual attendance is the smartest way to obtain Australian higher education qualifications on your CV… then the game really is up!

      • adelaide_economistMEMBER

        Sadly no. Pre-covid19 there were as many jimmies coming to SA as there were to WA – I’m guessing the proximity to the preferred east coast cities was the draw. As for the inability to ‘finalise the details’ on the international students into Adelaide, I suspect the fact the Premier went missing on social media for a week after it was announced and that the usual LNP cheer squad in the local Murdoch rag comment section went feral in opposition to it has something to do with the postponement.

    • adelaide_economistMEMBER

      Predictable ABC. Still pushing the ‘economic benefit’ angle with the dubious $40bn in export figure. When the ABC is arguing for something because it (supposedly) contributes to economic growth, how dumb do you need to be to not be suspicious? They go full neolib on anything that involves migration. Basically that segment on The Business is an advert for a business that makes money from stuffing internationals into dog boxes in preparation for them to get their PR and then buy a (slightly) larger dog box somewhere in one of our more unliveable CBDs. Boo hoo their growth model has come unstuck so let’s all get a deadly disease so their profit projections get met!

  15. While all you bears having a drink, raise your glasses to Victorians who took one for the team and dragged the economy and maybe house prices down

    • I’d like to toast COVID-19 for bringing and end to the absurd rate of population growth Australia was experiencing, you know, for the last 20 or so years… lets hope it sticks around long enough to make it REALLY politically unfathomable for the government to try and revert to their ponzi habit. Who knows, quality of life for all Australians might actually stage a slow recovery from here!

      • It doesn’t look good.

        He is my favourite batsman, but when his reflexes go, he’s gone. It’s his reflexes that let him play that way. When he loses them it’ll just be all Jofra short balls. He couldn’t play them at his peak.

        I’d love for him to prove me wrong.

        However, we might have a new superstar in Lasagne.

  16. Sorry Chris but this one sided anti trump meme you keep publishing is the sloe reason I refuse to subscribe. This is an economic website.i Thought but politics has corrupted it and now it’s lost its appeal. Mb is a different place now. If it wasn’t for the comments I’d place it with news.com.au. Get your act together fellas. Go back to what you’re good at.

      • adelaide_economistMEMBER

        It’s weird to me how many people on here, especially non-members, make threats or talk about why they don’t subscribe. I’ve never seen anything like it on other website forums. My most common feeling is that anyone who reads the articles on here regularly should subscribe and if they can’t or won’t, at least refrain from making demands or threats about the content.

        PS FWIW I find Chris’s Trump obsession juvenile but if he thinks a small and predominantly Australian based audience is going to somehow influence the US Presidential outcome by posting endless weak memes then let him. If he doesn’t realise he’s not on reddit then that’s his problem. You might even argue he’s pro-Trump because of his obsessive posting of weak anti-Trump memes.

        PPS It’s also weird how MB gets attacked from those claiming it’s too ‘left’ and those claiming it’s inhabited by those from the ‘right’. For my part, this website is probably the most ‘free’ open forum in the country and I’m happy to provide the token support through membership that I can for an alternate voice in a very desolate media landscape. I certainly don’t expect David or Leith (or Chris or Gunna) to be in lockstep with my views on everything.

        • No demands. No threats. It was constructive criticism. Although perhaps offered through a prism of exasperation and fatigue. I don’t regularly read the articles anymore but I do enjoy reading the banter in the comments section. By adding a partisan perspective to an ostensibly economic website it puts off ~50% of the readership needlessly. MB is generally a very good and rare independent media platform and deserves praise for it.

          I agree the continuous anti trump stuff from Chris is juvenile. It is a disservice to MB as a whole in my opinion. It’s not one or two articles, it’s become a theme and has zero to little relationship with the rest of his written article.

          I don’t understand or think relevant the rest of your last 2 paragraphs to my original comment and have no response.

      • Yep. A few years ago. Under a different handle. When it was all about economics and before the political commentary took over 50% of the articles.

    • ErmingtonPlumbingMEMBER

      Tramp is deserving of all the Ridicule he receives.
      He is a shameful National embarrassment and an indictment of the broken US political system.
      But for the sake of balance,…Lets all agree that Creepy Uncle Joe Isn’t much better.
      W T F DNC!
      https://youtu.be/KQ-YjGmpO4Q

    • Sorry you feel offended by a single picture at the top of a post each day…
      And if you don’t think following the trajectory of US politics has any impact on macro or markets, then I’m not sure if you want to be fully informed. Go to news.com.au to be more fuller informed, especially about the Kardashians.
      My “juvenile” way of responding the nationalist populist, social media obsessed, willfully ignorant, QAnon et al conspiratorial anti-mask brigade of stupidity – let alone the climate change denialists – is a coping mechanism for having to deal with the fucked up world that we have. But you know, free speech and all that.
      Have nice day.