Macro & Markets
- Humans waging ‘suicidal war’ on nature – UN chief Antonio Guterres – BBC
- Warren Buffett’s favorite market indicator nears record high, signaling stocks are overvalued and a crash may be coming – BI
- The west must live up to its own principles on democracy – FT
Americas
- Canada PM Trudeau indicates U.S. border restrictions to last a long time – Reuters
- Coronavirus epidemic was spreading in US last Christmas, long before it was identified in China, new study finds – The Hill
- Removing Trump Is Not Enough. He Must Be Prosecuted. – The Nation
- Trump Reportedly Considering Pardons For 3 Of His Children And Rudy Giuliani – Huff Post
- Barr: No evidence of fraud that’d change election outcome – ApNews
Asia
- Singapore becomes first country to approves sales of lab-made meat. – SCMP
- Japan enacts coronavirus vaccine laws | NHK WORLD-JAPAN News
- Nike launched an advert highlighting racism in Japan. Now it’s facing calls for a boycott – SBS
- Getting North Korea to give up its nuclear arsenals is “mission impossible,” former US Defense Secretary William Perry said – KoreanHerald
- Biden to keep China tariffs for now, build alliance first – SCMP
Europe
- UK approves Pfizer/BioNTech Covid vaccine for mass roll out – BBC
- UK’s hopes of early US trade deal dashed by Biden warning | Trade policy – Guardian
- Italy’s health minister says COVID vaccines to be free, distribution in Q1 2021 – Reuters
- Sweden’s coronavirus plan failed to stop the virus, and a vaccine may not be enough to ‘rescue’ them, experts warn – ABC
Oceania
- High court rejects Peter Dutton’s attempt to stop asylum seekers suing government for neglect – Guardian
- Kevin Rudd on Australia-China relations — ABC 7.30 (Youtube)
- Hidden secrets that Angus Taylor tried to bury in Australia’s latest emissions data – RenewEconomy
- UN climate summit president thanks Australian states – but not Morrison government – for backing net zero – Guardian
- Mining company Adani fined by Federal Environment Department – ABC
- All Govt departments now required to buy electric vehicles – Prime Minister Jacinda Ardern – NZ Herald
…and furthermore…
- An anti-gay Hungarian politician has resigned after being caught by police fleeing a 25-man orgy through a window – BusinessInsider
- China successfully lands spacecraft on moon to retrieve lunar rocks – Reuters (they didn’t celebrate with Aussie wine)
Latest posts by Chris Becker (see all)
- Macro Morning - January 27, 2021
- Macro Afternoon - January 25, 2021
- Macro Morning - January 25, 2021
NEW ZEALAND RESERVE BANK GOVERNOR ORR … AGAIN … MAKES IT CLEAR ON THE HOUSING INFLATION ISSUE …
Evidence ‘inconclusive’ that lower interest rates are increasing inequality, says Adrian Orr … Tom Pullar – Strecker … Stuff NZ
https://www.stuff.co.nz/business/123583129/evidence-inconclusive-that-lower-interest-rates-are-increasing-inequality-says-adrian-orr
… extract …
… Orr acknowledged New Zealand had a “challenge” with house prices, saying they were “sitting in the top three globally”.
But he reiterated the bank’s view that “many other factors” other than monetary policy were influencing that, saying the key factors were supply and demand.
“A historic undersupply of housing and restrictions on land supply are two widely acknowledged issues. … read more via hyperlink above …
.
.
RBNZ Governor Adrian Orr made it crystal clear recently with TVNZ’s John Campbell … the structural problems and solutions have been known for years … just get on and do it and move on …
Record house prices not caused by Reserve Bank – Adrian Orr … TVNZ
https://www.tvnz.co.nz/one-news/new-zealand/record-house-prices-not-caused-reserve-bank-adrian-orr
U.S. TREASURY YIELDS LIFT …
Traders On Edge As 10Y Yields Surge, Breakevens Hit 18 Month High … Zerohedge
https://www.zerohedge.com/markets/traders-edge-10y-yields-surge-breakevens-hit-18-month-high
Treasury Yield Spike Risks Sparking Domino Effect in Markets … Bloomberg
https://www.bloomberg.com/news/articles/2020-12-02/treasury-yield-spike-risks-sparking-domino-effect-across-markets
“Georgia Secretary of State Brad Raffensperger: “It looks like Vice President Biden will be carrying Georgia, and he is our president elect.””
Suck it up fat ass!
https://twitter.com/kylegriffin1/status/1334170461240913920?s=19
Looks to me like Europe has flattened the curve, nobody is under 23 hour house arrest….
https://www.abc.net.au/news/2020-12-03/mega-dose-of-vitamin-c-treats-sepsis-florey-institute-austin/12939202
An orange a day keeps the Wu-flu away?
I think we can confidently say that the commenters here that were adamant about having covid late last year after travelling OS were probably correct.
More like 6000 oranges.
That’s if you’ve got sepsis.
The Fall said I “probably” had influenza A when I reported that I had been very ill late Feb and was the first sent to WFH, never to return.
I reported some of the “long covid” symptoms – shortness of breath even a couple of months later.
Pretty much all gone – unless I wear the mask o0
a. I said Influenza B
b. You’re an idiot
c. Difficulty breathing while wearing a mask is a sign of being a fückwit. There’s no known treatment sorry.
Is there a vaccine?
Listening to radio the other day and Europe has only had 7% of population infected, bit early to be calling a win.
Alright all you aholes that said over and over again that you can’t protect the vulnerable – riddle my why the EU, the most on top of this whole thing from a concerted view, just announced that the first in line for the vaccine are:
Healthcare work
The elderly.
The infirm.
Ruh roh
I was under the impression the elderly, infirm and pregnant were not going to be in line for vaccination until quite some time in the new year because of the limited data for possible side effects on these groups.
Healthcare workers and other front line, police, fire military etc yes.
Aside from that im not clear what you mean.
A) it seems they’re throwing caution to the wind re firm data as govts have indemnified
B) if they can target a group for special treatment they can…. Target a group for special treatment!! Ffs
Because it’s a vaccine you moron. A 30 second intervention. It’s not implementing the structures to isolate 30% of society for months on end.
I don’t understand a lot of this. Anyone interested in giving me a quick ten word summary?
https://reneweconomy.com.au/hidden-secrets-that-angus-taylor-tried-to-bury-in-australias-latest-emissions-data-16514/
Sure…
Angus Taylor is a d!ck.
Angus Taylor is a d!ck.
You are genius!
Time to ban WeChat……
Social media platform WeChat censors Scott Morrison’s post directed at Chinese community
https://www.abc.net.au/news/2020-12-02/scott-morrison-post-censored-by-wechat-china/12944796
We knew this was coming, but then again we have known they were manipulated by Chinese State interests for at least a decade too……
Beijing controls Chinese-language media agencies in Australia, says intel agency
https://www.theage.com.au/politics/federal/beijing-controls-chinese-language-media-agencies-in-australia-says-intel-agency-20201202-p56k10.html
Good luck getting anything done with Gladys Chinaman Lady in federal government.
Well I would have thought questions about her funding sources, and her activities as a fund raiser for other Torynuffs should be right in the top middle (in large font bolded and underlined) of the Questions the Australian public are owed explanations for at the moment….
Can the Honourable Member for Chisholm confirm for the Australian public that she has never sought or obtained funding from sources identified in the Australian media today as being fronts for the Chinese State, or overtly acting in the interests of the Chinese State?
Can the Honourable Member for Chisholm confirm for the Australian public that no member of her staff, or supporters, have ever sought or obtained funding from sources identified in the Australian media today as being fronts for the Chinese State, or overtly acting in the interests of the Chinese State?
That’s how a logical, clear-minded type would approach the situation, however…
Hang on! You want The Albotross to ask!!?? Dreamin’…
Geez, this is getting interesting… so did Scomo knowingly get himself scrubbed on WeChat (a sacrificial post) to open the way for the release of the intelligence report?
No. Most definitely not.
It makes Scummo look weak as he ain’t going to do sh*t about it.
Normally they would only ban the message from being viewed inside China. The fact that they banned it for overseas users as well mean a direct order to censor it from the higher up.
WeChat’s days overseas is numbered.
Thats what I think.
I reckon the CCP knows that its days of access to the ‘developed world’ (North America, Europe, Japan/Korea, ANZ) are about to be curtailed across a number of fronts – social media, technology, trade, education and science – and are making a noise on the way out…..
As gloomy as it may seem I reckon this is all prepositioning. A trial run using Australia for the sorts of responses we will see down the track with other players – because Australia [thanks to its own stupidity and a generations worth of feeble political, academic and corporate leadership] has opened itself to be that much more ‘punishable’ and the ability to punish is the message the CCP would like to send…
But that’s the bit I don’t understand… They were on their way to owning us (Australia) completely, and inevitably would have. If they’re the long game players some say they are, why screw that up over a few diplomatics slights?
The problem with threatening to be something is that people get used to the idea of you being that thing. Right now the western world is mulling an ostracized China and economically and politically (domestic) it doesn’t seem that bad. Any adjustment will be all the more easier because of this slow burn soft power BS that’s so clearly telegraphed their intentions that they’ve given their game away to the extent its now openly discussed in the MSM.
The Huawei / 5G bans obviously forced their hand a little, but you’ve really dropped the ball, Xi.
I think along similar lines.
I also wonder if it’s an attempt to eventually bring us closer into their web. Treat us mean, keep us keen. Show us how dependent we are on them, we’ll brown nose before too long, before strengthening our economic and trade ties further. This will only deepen our dependency on them, resulting in an agreement where we toe their line. Hell, we may even offer Tassie and the Kimberleys to them as a gesture of goodwill.
You are attributing too much intelligence to the Wolf Wankers. The reality is that they online trolls acting under the guise of Chinese Patriotism without any strategy behind it. To censor the high profile account of the Australian PM overseas have made all their previous denial about editorial control moot, and their action have completely wrecked TikTok.
Does Scrotty owe the Chinese an apology over demanding they allow weapons inspector grade investigation of the origons of Covid ?
Coronavirus epidemic was spreading in US last Christmas, long before it was identified in China, new study finds – The Hill
How do you like these apples?
“The Australian Federal Police and Australian Criminal Intelligence Commission will also be able to hack into people’s computer networks and modify or delete harmful content such as child exploitation material.”
Your government is a much bigger threat…
https://www.theage.com.au/politics/federal/takeover-accounts-federal-police-to-get-powers-to-tackle-the-dark-web-20201202-p56jt2.html
Cool bananas,
No attempt to stop child exploitation, but going to remove the pictures off peoples computers. Sounds reasonable.
After all, looking at the pictures is what produces all the harm…
Or a BS excuse to grab even more police state powers?
Where does it say there is no attempt to stop child exploitation? That work will continue.
And looking at the pictures generates demand.
In the annals of dumb comments yours is a contender.
I do wonder about the types that sign up for that kind of work, which must included looking at all the filth on the computers. Bit too much like the type who volunteer for the Rural Fire Service and always seem to be first on the scene when a fire breaks out ….
Actually, destroying the photos will create greater demand to generate new ones…
👍👍👍
As the King of Spin (and his grubby mates Porter and the Potato) uses News Ltd to get people to look over there 🙁
There is not even any subtly about it now. Scotty does not do subtle.
Yeah but that was going to happen. The reality is, the exercise was a means to promote the message to local australian chinese population. That all the media here covered that he did it would have been sufficient.
They are testing us with this move.
Things move slowly then suddenly. Is that how it works?
https://reneweconomy.com.au/victoria-to-trial-sophisticated-two-way-market-for-home-solar-and-storage-64798/
Still waiting on the suddenly bit. *waves at luddites*
Nah, it’s called the EDGE project. I believe the sequence would be fast then slow.
Never heard of this before.
https://www.abc.net.au/news/2020-12-03/clutha-coal-campaign-australia-environmental-awakening/12934650
Was it falling coal prices or did the gubmint listen to the people?
”
The Australian Federal Police and Australian Criminal Intelligence Commission will also be able to hack into people’s computer networks and modify or delete harmful content such as child exploitation material.”
All your data are belongs to us…
https://www.theage.com.au/politics/federal/takeover-accounts-federal-police-to-get-powers-to-tackle-the-dark-web-20201202-p56jt2.html
What about to add, is that ruled out by the legislation? What an awesome superpower that would be!
Add is a modify operation…
Might be some non approved content on your computer…………..splintering of the internet in the cause of US exceptionalism will require all encompassing censorship
https://www.strategic-culture.org/news/2020/11/30/the-digital-iron-curtain-descends/
Where are we up to? There was embarrassment, love-lorn mistakes, abandonment, loneliness, exhaustion. What’s next? Jail?
https://www.abc.net.au/news/2020-12-03/gladys-berejiklian-daryl-maguire-clay-target-association/12937658
What in the name of Zeus made that post go into moderation?
https://www.abc.net.au/news/2020-12-03/gladys-berejiklian-daryl-maguire-clay-target-association/12937658
The G word?
https://www.smh.com.au/national/nsw/nsw-hotel-quarantine-worker-tests-positive-for-covid-19-20201203-p56k42.html – One worker across two hotels!?!? They really would rather risk billions of dollars of economic impact of shutdowns etc. rather than just pay these people reasonable full time wages so they can be secure in working just for ONE quarantine hotel? Pay them well but then put a huge penalty if they are caught working anywhere but the one hotel they are supposed to! How hard is this! Her getting on 1hr each way of public transport is harder – what to do there? Subsidise her driving? Subsidized Uber/Taxi (so at least it is one person vs. a trainload and easier to contact trace)? Put her up in said hotel almost like a FIFO worker?
This is why I am confident we will eventually get our big herd immunity wave. Like I said below, our system is weak and the China virus learnt this from it’s master.
Paying everyone reasonable wages IS billions of dollars…
I just mean in the Quarantine hotels. Even if it was $50k more per staff member * 10,000 staff members nationally = $500 million. I’d rather they pay that to keep us all safe rather than whatever their spending on military toys etc…
LOLOLOL at people saying “ban WeChat”! Ain’t never gonna happen. Our system of freedom is weak so all it will take is a few key people to scream. China knows our system is weak and will exploit us until they win. Morrison is the poster-child of our weak system.
Yep. WeChat will have the support of MSM, Labor, Greens etal.
We went woke, and we’re going to pay the ultimate price.
Offending Chinamen in Australia by blocking WeChat is extremely racialist!
He’s a citshunt for sure
Our 4th export to China “confidential items”.
https://images.jifo.co/2230123_1606873056465.png
It’d be housing and farmland, and island leases we’re locked out of wouldn’t it?
Of course our government would hide such hideous betrayal of Australians.
Probably just something that only one company exports but they then try to make anonymous under the guise of sensitive commercial intell.
Can’t think what it would be in that chart though.
We deserve to be made fools of!
https://www.news.com.au/finance/work/leaders/chinas-global-times-publishes-new-cartoon-mocking-australias-defence-force-as-feud-escalates/news-story/e636a5df60d840ff6ff9fa8ca15f9250
Coppers getting lazy.
https://www.caradvice.com.au/905437/nsw-motorists-urged-to-dob-in-drivers-breaking-the-law/
Don’t know how it will work though. I’ve had quite a few policemen tell me that the footage from my bike cameras can’t be used. And this is wrong…
“Crime Stoppers NSW CEO, Peter Price AM, said: “Never before have we asked the community to report these crimes and Crime Stoppers NSW is the first, not only in Australia, but around the world, to initiate this campaign.””
London has had an online reporting system operating for a while now. No doubt other cities do as well.
Orange Lemur:
When I was younger, I used to be a Guardian reading lefty: one of those idiots who accused anyone with dissenting views of being racist. I despised the white working class to the extent (and I’m not making this up) that I favoured unlimited immigration to dilute their voice into irrelevance. No doubt much of the establishment still harbour this belief to some extent, perhaps in their beloved self-conscious.
Eventually, I couldn’t understand the contradictions in Guardian comment pieces. How could one vehemently oppose female stereotyping yet crude male stereotypes were published? How could one be against stereotyping, yet all men/whites/Brits were held accountable for something based on their s e x/race/nationality?
https://twitter.com/jemimajoanna/status/1334177015138803717
NEW ZEALAND’s LATEST IPSOS ISSUES POLL: HOUSING LEAPS TO TOP CONCERN … AGAIN …
… Housing major concern rockets to 53% of New Zealanders … 16% of Australians …
… Watch the ‘affordability gap’ widen dramatically in Australia’s favour … and aspirational young New Zealander’s flee there in droves …
The Ipsos New Zealand Issues Monitor … November 2020 (pdf)
https://www.ipsos.com/sites/default/files/ct/news/documents/2020-11/12th_ipsos_new_zealand_issues_monitor_nov_2020.pdf
… and housing hyperinflation sets in … as the Real Estate Institute of New Zealand October Report released mid-November illustrates …
REINZ Report … Month of October 2020
https://www.reinz.co.nz/residential-property-data-gallery
Median house prices across New Zealand increased by 19.8% from $605,000 in October 2019 to a new record median high of $725,000 in October 2020; and up from $689,000 in September this year (a 5.2% lift) according to the latest data from the Real Estate Institute of New Zealand (REINZ), source of the most complete and accurate real estate data in New Zealand.
… Most New Zealanders … with Adrian Or, the Governor of the Reserve Bank of New Zealand … are interested in knowing when the government intends to remove the political and planning impediments, so that new affordable housing is ALLOWED to be built … again …
Record house prices not caused by Reserve Bank – Adrian Orr … TVNZ
https://www.tvnz.co.nz/one-news/new-zealand/record-house-prices-not-caused-reserve-bank-adrian-orr
… so the median price for serviced lots / sections is about $50,000 … as is the case in the United States (access extensive further background information via http://www.PerformanceUrbanPlanning.org ) …
Lot Values Hit Record Highs (U.S 50,000 median price per serviced Lot) … Natalia Sineavskaia … U.S National Association of Home Builders
http://eyeonhousing.org/2019/11/lot-values-hit-record-highs/
Yes, safety first.
https://www.abc.net.au/news/2020-12-03/nt-records-six-new-covid-cases-returned-travellers/12946856