See the latest Australian dollar analysis here:
Asian stock markets have doubled down on their great start to the week with gains across the region, including the return of some Chinese markets. Bitcoin almost touched the magical $50K level but is still trailing high at well above the $49K level as nothing can stop this bubble:

The Shanghai Composite remained closed for the Chinese NY holiday but the Hang Seng Index returned and surged over 1.6% higher, currently at 30650 points while Japanese markets are getting way ahead of themselves with the Nikkei 225 finishing more than 2% higher to close at 30693 points for yet another record high. The USDJPY pair is behind this push with another lift through the 105 handle and almost matching the previous early February highs as momentum gets nicely overbought:

The ASX200 had another great session, lifting over 0.7% to extend its move out of its recent trading range as it pips above the 6900 point level with the Australian dollar reacting positively to the recent RBA minutes with a brief look above the 78 handle as it makes a new weekly high:

Eurostoxx and S&P futures are tracking higher going into the London session, with the four hourly chart of the S&P500 anticipating more upside when Wall Street reopens tonight with the clear breakout above the 3900 point level ready to extend into a possible 4000 point break soon:

The economic calendar ramps up tonight with the European GDP print plus the closely watched German ZEW survey.
- Macro Afternoon - February 24, 2021
- Macro Morning - February 24, 2021
- Macro Afternoon - February 23, 2021
At last they’re starting to listen:
https://www.bloomberg.com/news/articles/2021-02-16/swiss-wealth-tax-rakes-in-cash-as-covid-revives-global-debate
Some of us have been banging on about this literally for years:
https://www.macrobusiness.com.au/2013/08/getup-botches-bca-attack/#comment-266319
They still haven’t managed to put the last few pieces of the puzzle together. I fear it will taker another 10 or 20 years.
Its worth noting that a lot of “wealth” these days is actually debt, and therefore doesn’t really exist. If you asked the owners of this “wealth” to pony up then they would probably need to sell up to pay, and then wouldn’t be as “wealthy”. On the flip side, the greater fool taking on the larger pile of debt to acquire the “wealth” from the first guy would then also need to pony up next time.
That actually isn’t a bad idea to force people to swap “wealth” faster to grow debt at the required rate. Much of the problem with the New Economy is that people take on massive debt to buy and hold, and then use their own money like fools to pay down their debt plus interest. This is actually deflationary. They should instead be flipping so someone else takes on larger amounts of debt faster to repay the original debt plus interest plus capital gain, and grow the total debt in the economy quicker.
Not a bad idea at all.
Financialization was a corner stone to the whole neoliberal free market agenda.
Mysogyson forgot to tell us the part where jenny said “she probably had it coming… And going”
Jenny told him not to say that.
She even slapped him when he started to say “but”.
The empathy gene is very slow to kick in, if it works at all?
He’s a total null.
I know he is. But what about Morrison?
@JR Happy now?
Harsh, @TTW
Mysogyson to you girlfriend
Oh look squirrel …
Hmmm
get a grip…
oh. wait…
FMG ruh-roh.
https://www.fmgl.com.au/in-the-news/media-releases/2021/02/16/fortescue-leadership-changes-%E2%80%93-iron-bridge
Project cost blowouts of +25% will do that. Share price down 3%.
Here are two more to stir the possums:
https://www.bloomberg.com/opinion/articles/2021-02-15/the-european-union-is-much-less-wonderful-thank-it-thinks?srnd=politics-vp
https://www.bloomberg.com/news/articles/2021-02-16/brexit-trade-recovers-with-fewer-cross-channel-cargoes-rejected?srnd=markets-vp
I’m think of having the first one printed and using it to wallpaper my office.
The US had an insurrection and England is mirred in distrust and corruption 🤷♂️
How cute these people are using their newly found word…..” INSURRECTION !!! ” OMG let me fake hyperventilate……….That was not an insurrection kiddos. It was a rag tag bunch of nobodies causing a little ruckus. Grow up.
In the halls where a constitutionaly mandated and perfunctory exercise were being conducted, rendering them abandoned for all hope. Fvckwit.
I know lots words, I have the best words…
LOLd.
Are some of them:
NDA
Bankruptcy
Lawsuit
Impeachment
Non-bank-lender
Chapter11
Lying
Turgid
Wall-building
Pond-scum
?
covfefe
It was a rag tag bunch of nobodies that destroyed the Death star buddy,
https://youtu.be/TxVdhAJr1So
https://youtu.be/TOgtj00Rp8s
💪
It does not matter how ridiculous the whole thing was… the key aspect is the potential for it to go horribly wrong and the consequences of that. It takes very little under those conditions and things go boom …
He was walking around the white house wondering why none else was excited, he told the guy getting evacuated maybe you should be upset like them too…
It was an insurrection just incompetent and clownish which is on-brand
lol Stephen do you remember the predictions on here by the commie pearl clutchers not more then 12 months ago 😆
One claim: brexit will make the gfc look like a walk in the park …..
The key is never reflect, never learn and simply move on to the next dire prediction.
Unless it pertains to Trump. Then you can’t
let go.
Uh huh. Like I dunno, Trumptards and qmorons
Trust the flam
Hey , I for one always was on the Brexit side and had the view it’ll be positive for the UK in the medium term. Far Far far far (get it) too much capital and r&d in Britain. My pommie wife has a number of engineers in her family all working bespoke aviation, medical , robotic , engines, They have a tradition of commercialisation of research. And it’s ‘all’ outside the fest pit which is London.
Wel you weren’t one of em then
Haha all good. I only commented as I wanted to highlight how strongly I feel that Brexit is going to be real positive for Britain. The globalists and bankers up in arms saying how they’ll leave London .(kinda like Google in Oz now). Britain is far stronger than London.
So does France, Germany, Italy, Spain, Netherlands, Belgium…
And they all have F1 tracks too. Is this a conspiracy?
Britain might be stronger than London but its much weaker than Europe, US, China or Russia….
Agreed. But does that matter. Europe was a drag on the UK.
The Chinaman love the UK no matter what Boris says. All that chav wear, history and stuff..
Too right geeze
How’s the boy 3d, graduating UWA soon?
A comparison of the trade / currency travails of the US and Japan……….summary, the US is more likely to achieve persistent inflation than Japan could.
https://www.lynalden.com/economic-japanification/
We built this sh!tty
On luck and lols
on debts and booze
O’Brian has back flipped on remote quarantine, and reckons the Vic Libs could administer ongoing CBD quarantine!? I wonder what was in the brown paper bag? CBD Hotel vouchers?
😂🤯🤣😆😁😄😃😀🤣😂😅
O’Brian is about as good at reading the room as Scomo.
Who is O’Brian?
O’Brien is the distinctly unimpressive LP opposition leader in Vic and a former Costello staffer.
… was…
He’s just a very naughty boy
How can you tell? Bloke’s a hologram.
O’Brien is the Vic Lib Opposition Leader with an approval rating of 15%. It’s no wonder the Lib media is going after Dan when they have this kind of talent.
Sounds like Scummo told him to pull his head in. Remote quarantine might mean the fat slob would have to do something.
Someone in another country’s ABC https://www.abc.net.au/everyday/benefits-of-making-friends-who-are-different-to-you/11949932
🤮🤮🤮🤮🤮🤮🤮
Not sure what ABC’s imagined audience is, I went to school in western Sydney which is as diverse as it gets. The irony that the people writing this stuff would have had a much more insular experience, guess it’s all still a novelty to them.
Spot on, they’re inner city whi te wankers that wear summer scarfs and vote green
Who hurt you
No one
It’s not even an original article:
https://www.bbc.com/future/article/20200914-the-surprising-benefits-of-talking-to-strangers
Souvent pour s’amuser les hommes d’equipage
And it’s like talking to a stranger
I was wondering when China were going to pull the rare earth lever – possibly soon:
https://www.ft.com/content/d3ed83f4-19bc-4d16-b510-415749c032c1
It’s paywalled, but again just from the heading, chinas move will be good for Australia’s miners 😁😁😲😂😂😂
The Aussies been doing well for me lately. Bit of volatility though lol. Up/Down/Up/Down lol.
I hate trading the AUDUSD and GBPUSD. So bloody volatile. Its like riding a bull and hoping you dont get thrown off at the wrong time lol. Not that Im complaining.
I trade like there’s a bunch of Boomers who are about to steal all my money. Which you know, is probably actually true. Im always focused on the risk of my trades. Im always asking, ” What can go wrong? “. I dont care if I dont make any profits as long Im giving them nothing 🙂
Looks like we’re in the end game now. US 10Y 1.26%
When will markets spit the dummy and when will the FED step in with yield curve control? We know both will happen but when? I think anywhere between 1.5% and 2%. I have sold everything including Gold and now waiting for the yield to hit 1.5%. Will the FED just go straight to YCC in which case Gold will go ballistic or will they wait for a 20% correction which is what happen with the repo crisis?
Comment of the evening. I’m with you on ycc, they can’t afford rates to go up. So gold. And stonks.
I thought rising interest rates was a form of ycc ? lol. I just dont think things will rise forever. It’ll hit a ceiling at some point.
Yeah. I just dont think things are as strong as we pretend them to be.
I do see a heap of instability giving people whiplash. Im wondering how long it’ll be before people just give up. Can you imagine being filled with passion to run a business right now?
The shootings will continue until international travel improves.
https://www.abc.net.au/news/2021-02-16/nurse-injured-in-auburn-drive-by-shooting-sydney-crime-families/13158262
I am the one and lonely
no boobie I’d rather be
Should we start referring to right-wing blow-hards as CAPSized or CAPSlock?
What’s wrong with “Liberal voter”? What’s changed?
Note: most other right wing party voters are far less blowhardy AFAIK. Not getting between them and any downrange targets either.
DVE … Domestic Violent Extremists
HVE … Home Grown Violent Extremists
VCTE … Violent Conspiracy Theorist Extremists
VRDE … Violent Reality Denialist Extremists
IMAE … Insurgency Micro Aggression Extremists
PWML-FU … People Who Make Liberals Feel Uncomfortable
Thanks for the allcaps… Blowhard
STFUSFTP0 – Shut the fvck up snowflake 2.0
https://www.news.com.au/lifestyle/health/anu-urges-staff-to-say-chestfeeding-instead-of-breastfeeding-gestational-parent-instead-of-mother/news-story/bedde8c10621bcf23ab18b8cec7ffb95
Now I won’t get weird looks when my son is suckling on my hairy nips while his gestational parent is at home having a sleep.
Isn’t it tit sucking?
Depends on your kink
https://twitter.com/migtronix/status/1361588993809256449?s=19
This gonna make mr china velly angry
….wolf warriors gonna be velly vocal
https://amp.news.com.au/finance/economy/world-economy/scott-morrison-expected-to-tear-up-victorias-belt-and-road-deal-with-china-within-weeks/news-story/580f1d9baed69f064945bd38532becc3
Highly doubtful. What’s the deal anyway? Anyone would think the CCP are raping parliamentary staffers…
They’re too busy raping Uighers. Besides it’s a parliamentary position – protected from outsourcing.
Scotty will pull the trigger when the heat gets too much on his feckless party.
Anyone would think Uigurs voted here or aren’t/won’t be past of international student trade 🤷♂️
Tell you what, the uighers make some very tasty food.
Spicy lamb noodle. Omfg chilli, ginger , garlic heaven!!! I always used to round up and put $2.10 in donation box at the restaurant.
Might be deserving of attention, but they’re a convenient distraction too.
“deserving of attention” pffffft sounds like lefty Bullsh!t
Well according to the CCP that would emancipate Uyghur women and promote ‘gender equality’ and reproductive health.
https://www.abc.net.au/news/2021-01-11/twitter-removes-chinese-embassy-tweet-uyghur-women-baby-machines/13046494
What is happening here
Something is happening
Journalism hasn’t made clear
Somebody turn on the bright
Lights of social media
Oh what a feeling
And we’re dancing on his
Grave, yeah
Just a small town girl
Working in the Parliamentary offices
She told the rape and got nowhere
Just a city boy
Born and raised to be a c#nt
He took the white jerk privileges
Everywhere
Geenacre, in Sydney’s Inner West.
https://www.dailymail.co.uk/news/article-9264783/Horrifying-moment-man-crushed-car-courier-truck.html
What an ornament to multiculturalism.
https://quickstats.censusdata.abs.gov.au/census_services/getproduct/census/2016/quickstat/ssc11757
Not many people drive through lakemba greenacre punchbowl even out to Fairfield unless they have to. But if you do like me then you’ll notice something unusual and that is the local councils have had to put speed humps in every street in the middle eastern areas. literally every street in lakemba has speed humps…..
Byproduct being that it stops them slamming their cars to the bump stops.
It’s like the new *exclusive* bike lanes on nearly every one-way *road* in the Brisbane CBD – gives the camels a fighting chance of catching up at the lights. 😁
Are people going to be less road ragey once they’re all driving nice, quiet, soothing EVs?
They’ll be less road rangey
Prolly the best post you’ve made in ages ..😊
lol
Female Liberal staffers should get hazard pay
And pigs might fly?
If only we had people with vision.
https://www.abc.net.au/news/2021-02-16/luxury-car-brand-jaguar-to-go-all-electric-by-2025/13158112
Our rear view mirrors are basically Hubble telescopes.
Oh wow, even Jag is trying to turn blokes homo!
To be fair to Jaaaaag, that’s not a new thing for them.
Dammit!
Have you seen the website g a y car boys? They do fabulous reviews of the vehicles you so disdain. I can’t link because this place is anti-g a y to an extent that one can’t even mention it.
Also a headline.
“A Weekend Away in a Jeep Compass with 3 Hot Companions”
Casper, Ethan and Max were the three hotties. Imaging saying the same thing about three totties. There would be hell to pay.
Blue steel
Is this the new bicycle seat talking?
Don’t worry bro you’ll never have to suffer the sapien bit
50k now imminent, no longer incepten.
On the weekend a builder friend of mine asked if he should by Bitcoin. Last time he asked me for financial advice was whether to buy shares in 2007. Just saying…
He should have. Check out the S&P
A threat has been made.
https://mobile.twitter.com/superscriber/status/1361577585033965568
Nice. Twitterleaks
No content yet?
Random nutter
Your favourite
And yes Wilb, THAT is a motherfvcking double entendre
Don’t forget to choose your seed carefully.
🤣
Hope you lot are going to crack into this mob the same way the original security company was
https://www.theage.com.au/national/victoria/they-don-t-care-about-safety-quarantine-workers-move-between-hotels-offices-20210216-p572w8.html
How good is that! 😀
Real good! 😉
With this remote Quarantine Station idea, wouldn’t it be great if Victoria had a Public Works Department staffed with knowledgable Architects and Engineers would could be called upon to work with the Health Department to quickly design a suitable facility.
With no institutional knowledge or organisational capacity to design and build such a facility existing within the Victorian Government, it can be almost guaranteed the Remote Quarantine will be as flawed as hotel quarantine. (There is less capacity within the Federal Government, before you get your hopes up.)
And the Victorian Government flaps about like a fish out of water.
Dweeb
My advice to the left is, don’t be outraged – play along
“that’s great, what’s Jenny’s position on 180% debt to GDP”
Bury them.
T minus 26 hours
Money makes the world go flat
Earth in the firmament of the dual
Hypothesis simultaneously entertained
The obligation and the debt aren’t concomitant
Told you I have the best words.
If I was Tegean George for a day:
“I’m sorry what? I am at wrong place or something? I thought this was the PM of Australia taking a press conference, not a cubbyhouse kegger”
“RBA Sees Significant Monetary Support Needed for Some Time” https://www.bloomberg.com/amp/news/articles/2021-02-16/rba-sees-very-significant-monetary-support-needed-for-some-time
Balls to the walrus
oops
Sarah, Saaaraaah
Now that’s a proper Christian
Name
Sarah, Saaaahrah
Did you hear about that slut
Brit
https://www.youtube.com/watch?v=l4Qt2ZEUSUk
Sarah! Won’t you tell me your name..
Nice! 👍
Mysogyson and gent
When
Look for some
housing and you need to spend
All that you earned just so a boomer retires
In glam!
Can’t get started, comical sight
Everytime I started, they pull a new one
Gone are the days of the sideways stare
Gone and fvcken dazed