See the latest Australian dollar analysis here:
Asian stocks are rising despite the poor lead from Wall Street overnight, as oil prices rise to new highs and bond yields continue to spike with S&P futures looking to claw back last night’s losses. Bitcoin is having a grand 24 hours after the Musk man pushed the whole edifice over, its now back at $50K, down 15% or so – or where it was halfway through last week:

The Shanghai Composite is up over 0.3% going into the close, currently at 3654 points while the Hang Seng Index is soaring back in style, up 1.6% at 30801 points. Meanwhile Japanese markets are still rebounding, with the Nikkei 225 finishing nearly 0.6% higher at 30156 points as the USDJPY pair is still dicing with the 105 handle after its early week breakdown:

The ASX200 is finally playing catchup, gaining more than 0.8% to 6839 points while the Australian dollar is still highly elevated following its Friday night surge, now hovering just above the 79 handle as the commodity boom keeps a-booming:

Eurostoxx and S&P futures are broadly tracking higher this afternoon before the European opening session, up between 0.5% and 0.8% despite the four hourly chart of the S&P500 still showing a break of the previous week’s low that could spell some trouble ahead:

The economic calendar includes two big ones – European core inflation and the latest US consumer confidence print.
- Macro Morning - February 24, 2021
- Macro Afternoon - February 23, 2021
- Macro Morning - February 23, 2021
50k
100k? 🙂
$42
.
Sorry, it was *this* the muppet scientist [sic] on the ABC was spruiking.
https://www.nytimes.com/2021/02/18/science/laschamp-earth-magnetic-climate.html
42k is likely support. Not seeing much now though. Crypto really is highly entertaining. Trawling sh1tcoin reddit threads is great if you love schadenfreude
Looks like the GME crowd have worked out how to use the “short” button
What a day for political animals! Scummo backs down on stalkbook, Craig Kelly resigns from the party, Barnyard thinks raising the dole is good but only if we’re in surplus, Cash lies through her teeth, Scummo runs away a lot faster than I thought he could move…but Anne Rushton won the day for mine.
https://mobile.twitter.com/Qldaah/status/1364032741608620033
Watch her in the background behind the whiteboard lady. You can count the lies by the amount of times the eyes dart back to Cash. After the first ten she gave up and just didn’t want to be there. But apart from that, Scummo is fast! He runs like only a coward can.
The Liberals must be thinking geez Covid was a nice distraction…last year.
Stalkbook, man-handling pensioners, fake nippers carnival, lift the dole by a few bucks, Kelly resigning…each and every one of those were distractions to drag attention away from their rapey ways and the cover up,
It doesn’t seem to be working, as much as Scummo and Cash seem to think it is going by the amount of giggling as they walked away.
Today made me feel bad for Rushton though. She genuinely looked liked she couldn’t stomach the lies.
Nah – she’ll be fine – some caviar and Cristal champagne are all she needs to stomach the lies.
LEt me unpack the worlds smallest Stradivarius for rushton
Hey, I’m trying to have empathy here!
I learnt it off some fat bloke I saw on the telly.
You can see Cash desperately trying to hold back the smile as she starts lying. She knows she’s spouting complete Bullsh!t, and her face is giving her away.
And then Sco-blab snapping, “I’ve got an international call.” They are not a bright bunch.
Clowns. Corrupt, venal clowns.
International call eh……..
Is the cormannator back yet?
Hillsong giving orders on how to avoid unpleasantness.
+1,000 And every time I see Michaelia, she’s got a new outfit on and not a hair out of place – that probably costs more than $30 a week and there she was joined by Jane Ruston looking as feral as Michaelia.
Presumably, SFM ran the JobSeeker increase by Jen to see whether it passed the pub test and more importantly, the happy clappy test of not helping out people who find themselves in strife because if they are, after all they deserved it?
It’s bad, really bad. But even though they know it’s bad, all jobs shall remain.
“she’s a media person” yeah thats why your fcked, she knows your game you hair in can halfwit
Yeah but when the next campaign starts Murdoch will ensure that all of this is forgotten as happened with Shorten. This, the bush-fires, the corruption, the cock-up with the covid safe app, job keeper rorting, failure to get the right vaccine or roll out one in time. Never happened
Kelly puts the Q in “low IQ”
The common thought is that he’s quit because Scummo told him he wouldn’t be pre-selected again because of various crimes against humanity, but I’d like to think it’s the rape ban.
Allegedly. You allegedly think…
…it’s the rape ban. 😉
Well of course it can’t be an alleged rape ban if I just made it up now can it.
I thought the rape ban was part of Abbott’s Grocery code of Conduct.
I was thinking as I saw the news today that it was only yesterday – or the day before – where there was a poll that showed that Craig Kelly was not rating well in his electorate. I’m thinking the libs saw a good opportunity to allow him to resign, in the lead up to the election, plus it potentially allows them some points for seeming to take the whole rape situation seriously. Really though, they are preparing for the next election and will replace Kelly with someone who they think can win the seat.
He had a go and he certainly got a go in that department? How good is Straya.
He apparently believes the nonsense he talks, else why move to the cross bench! Genius.
And he takes the “science” out of “conscience”.
Applause.
Very Good
So either Cash knows and is lying or she is telling us she is 100% clueless and acts on matters she has no idea about, lib staffers are incompetent and cannot pass on a basic message and she randomly goes around hugging and consoling staff. In either case she would be unfit for office.
Yeah, but on the really important news: I bought my first pot of Brylcreem. Ever.
If the rest of my hair falls out, expect a knock on your door.
My kids purchased me a Jar of Brylcreem several Fathers days ago as a joke gift (I think the wife was largely behind the purchase)
I can report that there is still 2/3 to 3/4 of the contents left.
Though Im quite the fan of the relaxed/wet look the greasy stains it leaves on the pillow isn’t very nice.
It also make you smell like a 1970s Dad.
I actually used it when it was in fashion
….the smell is 50s in a bottle
I look forward to my wardrobe choices improving and learning how to knife fight. Properly.
Yeeeeeeeas, … tried it on your hair yet? Any good?
Hyundai’s Ioniq 5 looks like the first mass market electric car for Australia.
Flexible looking platform & charging up to 100km range per 5 min.
How’s the Oz electric grid looking…
Like the NBN … Ripe for the plundering, 10 years ago, if I recall correctly, apparently it was “gold plated poles and wires”.
That’s how Reusa likes to dress his ‘dates’. Sure you haven’t got that and the NBN mixed up?
Thought a Reusa was into sunning his date …
…as he read BCN
Trying to escape it as quickly as possible.
An electric car is part of my plan to become energy independent. Pity they’re expensive. I’m thinking of starting off with one of those Chinese electric scooters for about a grand. Should get me to the train station faster than walking and cheaper than the bus.
See Texas …
Ta, you reminded me.
https://reneweconomy.com.au/matt-canavans-faked-wind-meme-is-linked-to-the-fossil-fuel-industry/
Actually its a two’fer – https://www.businessinsider.com.au/pge-caused-california-wildfires-safety-measures-2019-10?r=US&IR=T
Awesome
Waiting for something akin to the i30
Elon’s pod with joe Rogannis awesome. He discusses the challenges of pv on car roof to charge the battery
Too expensive to trouble the grid.
😶
You’re in control
Until WE need to be in control…. for your safety
https://apps.apple.com/au/app/mygovid/id1397699449
Best consumed while in the mood for classic nostalgia and maximum angst.
https://youtube.com/watch?v=81ku15SNqXc
It’s just authentication
You don’t have to use it / use the web app
Or deal in paper
Liberals latest gift to Australians lol.
Dob in a Dole Bludger lol – https://www.news.com.au/finance/money/federal-government-announces-50afortnight-boost-to-welfare-payments/news-story/339d20765c4a4c22a2a24f1050408d5b
” I just smacked them in the head as hard as I could… but they didnt learn. Then I punched them in the mouth as hard as I could and they still didnt learn. After all I’ve done for them and all the bruises I’ve given them over the years, I just cant understand why they just dont learn. What is it with these people and why cant they learn? Do you think a Baseball Bat to the head might make them learn? Its how we learnt when I was young. I made it to grade 5 and did sums and everythin’ . I turned out ok. ” lol.
Hello
Hey hi, is this Dobkeeper?
Yes
I’d like to report a person on government payments
Of course. Can I have a name please?
Scott Morrison
And who are you reporting Scott?
No, I’m reporting Scott Morrison
Eh?
I’m reporting Scott Morrison
Um…I don’t think you can do that
Why not?
He’s the Prime Minister
That’s my point
What?
Scott Morrison is getting government benefits for doing nothing. We keep giving him jobs that he won’t do.
But he’s the Prime Minister
That’s right. Maybe he shouldn’t be then
That’s not up to me.
It is now. I’m reporting him
Would you like to speak to my supervisor?
Why? Do I have to report you too?
Lol. – is there or has there been any studies or data that show the level of Government benefit scamming going on and how much it’s costing tax payers. I’m fairly sure it would be a drop in the ocean vs how much is wasted by Federal Parliament or in budget blow outs and or NBN cock ups etc..
Here’s an example.
https://mobile.twitter.com/RonniSalt/status/1363987220600815618
I think we had a Royal Commission into that but we never listen to those lol. Australian MP’s have been too busy raping woman in there free time lol. Its ok to rape in Australia, as long as you bring it up at Church next time and confess your sins. Chances are, the priest has probably done it too.
” Will you rape me? “… ” Sorry Miss, but we only just met… oh, alright then. You know the only reason I do this is for Australia, right? I do it for my country “.
There’s a rumor going around Canberra that a sitting member has been meeting his needs that way.
Long way to go on the story. It’ll shadow them to the election.
Nnnnnope
Nope
That will not suffice Arthur
Spill
Scott Morrison at church says, ” We should reach out and love one another “. Amen brudda.
https://www.youtube.com/watch?v=y-IFf04oTC8
Do you think he meant it literally?
At least it gives new meaning to the term ‘Quiet Australians’… ” Shut up woman. Stop screamin’ or someone will hear you. “
Every Conservative Government in the history of forever has gone looking for widespread and systemic rorting of social security. I don’t believe any has ever been found.
So then they simply insist it must be happening (because who wouldn’t choose to sit around and do nothing in exchange for barely scratching through survival ?) despite any evidence and use that as justification for patronising, demonising and dehumanising people on welfare – fundamentally, just a distraction tactic from their own gross failure in creating enough employment.
Ultimately, dole bludgers are a rounding error in the system.
Anyone in any doubt need only consult their annual tax statement to see how the aged pension dwarfs Newstart. Then take that and choose a vanishingly small % that will maybe be a good proxy for dole bludger numbers
Ie what smithy said
Yeah, OK, you’re 110% right about all of that. Don’t let it happen again. (It’s confusing.)
@Swampy if only we the tax payer could decide how the tax dollars were allocated. I’d pull half of it from the pension and direct it at Newstart. Yoof gotta look after the yoof.
Flux Political Party – Vote for the policys instead of the Party
https://www.youtube.com/watch?v=i7MCxADcrwE
.
Yeah, eventually, everyone, everywhere gets round to giving public servants a serve.
+1.
Idea of the year: F1 @Bathurst. Goer?
Going down the mountain in a F1 car? The cockpits wound need to be modified to contain the giant sacks those drivers would walk around with.
There’s a certain Mercedes driver who reckons the cockpit (yes, cock-pit) needs to be redesigned to accommodate what he’s currently got on board.
Jeez and I thought the Falcon was a tight fit
Know when to Holden,
Know when to to fold ’em.
It would need a very expensive makeover to replace bumpy track and all those concrete barriers.
340km/h down conrod straight would be a sight to see.
With the steepness of the circuit, I think the cars would need to have too much ground clearance that is safe for their aerodynamics. Forest Elbow would need some work.
Or maybe not – here is Jenson 10 years ago. Cojones the size of freaking beachballs.
https://www.youtube.com/watch?v=fZXdW7j64FE
Wow! Thanks for that. Awesome!
It was a scenic drive. Could have gone 10-15 seconds faster.
Yep, well within the car’s abilities.
Still terrifying.
I have been looking at this agency recently.
https://www.opragency.com.au/
All I get out of this is that prawn farmers are [email protected]
https://www.abc.net.au/news/2021-02-23/prawns-imports-white-spot-queensland-biosecurity-violation/13113566
Better that than rapists I guess.
crypto just shat the bed. pretty much minus 20-30% on every altcoin I follow. in crypto, that still counts as a dip, right?
You are right
Yep they’re all falling fast – to be fair though many rose 5 fold in the last 2 months so will see what happens overnight. I’m HODL so they’ll probably crash big time.
Probably time to buy in
BTFD.
HODL.
Cut teh rates.
That’s all I’ve learned from this place.
And I eventually realised that’s everything you need to learn.
oh and Boom Times Ahead ™
QED.
I’m tempted to buy the dip. Since it will probably bounce from here I think. Not sure what caused the sell off? Maybe Elon doesn’t wanna get sued for swaying markets? Lol ..
He’s like a one man Reddit…………. all the tards wrapped into one
Tech has all crashed – its entirely worthless in reality – no returns.
Everything is running towards commodities in preparation for economies opening. Consider that – oil, copper, fuel, food, housing, essentials, toilet paper – all consumables driven up by bubble speculators.
I hope the predictions about no inflation by this website come true – for everyones sake – doubt it.
https://youtu.be/H8QdF6veHuI
Michael West is now doing stand up Comedy.
I would love it if Crow had their operating licence revoked.
https://amp.abc.net.au/article/13180970
Unlikely. They’ll do whatever it takes to keep making Morepork.
They’re just making noise. As if they would.
The Advocate
Coonawarra
Cab Sav
2018
Do yourself a favour.
Presumably the existing report has all the info they need, if they were going to they would be doing it now.
I can totally relate with this ha ha – https://www.youtube.com/watch?v=JrsB1RfksEA