Global Macro / Markets / Investing:
- Big Oil Profits Surge to $174 Billion in 2021 Amid Rising Gas Prices: Report – CommonDreams
- Amazon is making its own containers and bypassing supply chain chaos with chartered ships and long-haul planes – CNBC
- Will Real Estate Ever Be Normal Again? – NYT
Americas:
- GOP Rep. Devin Nunes resigns from Congress to become CEO of Trump’s media company – CNBC (one less loony in the bin, but there’s plenty more)
- Trump says Comey’s firing was critical to surviving four years in White House – USAToday
- A major shift is underway at the Federal Reserve that could see a speedier end to its easy policies – CNBC
Europe/ME/Africa:
- Biden to warn Putin U.S. will add troops in Eastern Europe if Russia invades Ukraine – Axios
- US says it will send troops to eastern Europe if Russia invades Ukraine | US foreign policy – The Guardian
- Germany taps epidemiologist as new health minister – DW (they’ll need one!)
- France to mimic Musk with own SpaceX-style launcher, minister says – Reuters (good luck!)
- Iranian naval vessel under construction capsizes in dry dock – Jpost
- Brexit: Ireland to receive €920m for Brexit impact – BBC
Asia:
- US officially announces that diplomats to boycott Beijing Olympics – BBC
- ‘Forests will disappear again,’ activists warn as Indonesia ends plantation freeze – Mongabay
- Indonesian volcano eruption death toll rises to 15 – UCA News
- South Korea Reports Additional Case of Highly Pathogenic Bird Flu – KoreaNews
- China’s November Exports and Imports Hit New Records on Strong Demand – Bloomberg
Trans-Tasman:
- Legal experts condemn Scott Morrison’s continuing attacks on Icac as ‘disgraceful’ and ‘stupid’ | Independent Commission Against Corruption – The Guardian
- Treasurer Measurer: exploding the Liberal election myth of superior economic managers – Michael West Media
- NSW voters sympathetic to Gladys Berejiklian despite Icac probe – The Guardian
- Defamation: a user’s guide (how to tweet and not get sued by a Coalition politician) – The Shot
- Alinta proposes 1,000MW offshore wind farm to help power Portland smelter – RenewEconomy
- Labor says it won’t negotiate its 43 per cent emissions reduction target, as it stares down government attack – ABC
Science/Different:
- DARPA Funded Researchers Accidentally Create The World’s First Warp Bubble – The Debrief
- More than half of young American adults ages 18-25 are either overweight or obese. The number of overweight young adults has increased from roughly 18% in the late 1970’s to almost 24% in 2018 – WaPo
- All coral reefs in western Indian Ocean ‘at high risk of collapse in next 50 years’ the reef systems are at risk of becoming functionally extinct by the 2070s according to a new assessment. – The Guardian
Latest posts by Chris Becker (see all)
- Macro Afternoon - January 25, 2022
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- Macro Afternoon - January 24, 2022
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Emails reveal Pfizer was ‘enthusiastic’ to engage with Australia about COVID-19 vaccine
https://www.abc.net.au/news/2021-12-07/new-emails-reveal-how-enthusiastic-pfizer-to-engage-australia/100680842
Treasury yields edge higher as omicron variant fears ease … CNBC
https://www.cnbc.com/2021/12/07/us-bonds-treasury-yields-rise-as-omicron-variant-fears-ease.html
New Zealand housing …flooding the market with new stock …
Bipartisan housing deal: Weakening of ‘townhouse bill’ estimated to only cost 1690 Auckland homes … Henry Cooke … Stuff NZ
https://www.stuff.co.nz/national/politics/300472632/bipartisan-housing-deal-weakening-of-townhouse-bill-estimated-to-only-cost-1690-auckland-homes?cid=app-iPad
Official analysis shows the proposed changes to the bipartisan housing bill will only cost 1690 potential new dwellings in Auckland.
Labour and National are both backing a move to weaken the bill they negotiated together to zone for far more medium-density housing in New Zealand’s major cities.
The two parties struck a deal to pass a massive change to zoning laws in October, allowing three-storey three-dwelling buildings on residential land in major cities without resource consent. … read more via hyperlink above …
Southern migration – cheaper housing is helping Christchurch snap up some of the 13,500 people who quit Auckland in the past year … Amanda Cropp … Stuff NZ
https://www.stuff.co.nz/business/127007380/southern-migration–cheaper-housing-is-helping-christchurch-snap-up-some-of-the-13500-people-who-quit-auckland-in-the-past-year
Mega landlord says ‘wind change’ in market could see prices fall 20 per cent … Geraden Cann … Stuff NZ
https://www.stuff.co.nz/life-style/homed/housing-affordability/300467800/mega-landlord-says-wind-change-in-market-could-see-prices-fall-20-per-cent
Median Multiples | interest.co.nz
https://www.interest.co.nz/property/house-price-income-multiples
Any cricket 🏏 news in NZ?
New Zealand … Note QV is lagged average price data compiled from time of settlement … not from time of sale as is the case with the median price REINZ data …
QV says average house values are still rising strongly in spite of storm clouds on the horizon … Greg Ninness … interest Co NZ
https://www.interest.co.nz/property/113659/qv-says-average-house-values-are-still-rising-strongly-spite-storm-clouds-horizon
The average value of New Zealand homes increased by $27,667 in November, according to the latest figures from Quotable Value.
After breaking through the $1 million mark for the first time in October at $1,002,153, the country’s average dwelling value continued to climb to $1,029,820 in November.
In the country’s largest market, Auckland, the average value climbed from $1,427,896 in October to $1,482,005 in November, up by $54,109 for the month. … read more via hyperlink above …
A buyer’s market and bargain house prices could be on the cards in 2022, says CoreLogic … Greg Ninness … Interest Co NZ
https://www.interest.co.nz/property/113677/buyers-market-and-bargain-house-prices-could-be-cards-2022-says-corelogic
RBNZ runs double whammy of bank liquidity and solvency stress tests, says there’s more work to do for banks to withstand a one-in-200 year event … Gareth Vaughan … Interest Co NZ
https://www.interest.co.nz/banking/113663/rbnz-runs-double-whammy-bank-liquidity-and-solvency-stress-tests-says-%E2%80%8Btheres-more
Should Oz have its own crypto currency? What should we call it 🤔?
d’ore
^^underrated
Toad coin
Lol
Chode coin
SavvyCoin
Savvy would claim it for himself!
The ‘roo. Because they bounce everywhere.
FOMO coin (since everything here just feels like one big Ponzi)
Bunyip
the reusa?
Liar coin
Yes!
Lyrebird
The Engadime
The safe haven for when the SHTF
Equity Mate.
Lucky Coin
The Wang.
The Okker
DrongoCoin
At least it talks about wage theft, but doesn’t link it with huge migration making it easy to pull off..
https://www.theguardian.com/business/2021/dec/08/never-happened-before-lack-of-hospitality-staff-forces-melbourne-bar-to-close-its-doors
I’ve always found it easy.
Do you actually know the Melbourne hospitality sector? Of course there are shortages when many left the sector in ’20-21 uring Covid reflecting how Australia’s permanent workforce population, like elsewhere, is in decline; but as always it’s those immigrants…… careful what you wish for on behalf of ‘Australian’ employees….
We have become an old nation due to ageing ameliorated by modest permanent migration and more significant temporary churn over of students, backpackers etc.. Some circles e.g. finance jock straps, they are happy to have closed borders concluding that no Australian can refuse a job, then while we are at it, remove JobSeeker…. ‘radical right libertarian’ trap
https://www.theguardian.com/world/2021/dec/07/scientists-find-stealth-version-of-omicron-not-identifiable-with-pcr-test-covid-variant
Sneaky 2nd variant of omicron in Australia.
Now is definitely the time to panic, this time. Lock. Us. Down! now.
OH, so now is the time to panic ?
“Have you joined the mob you say ?
Doesn’t money mean anything ?”
Yes this version of the Omicron virus being, apparently, not just likely to have asymptomatic effects on patients but also be undetectable through testing.
The died with COVID stats will no-doubt sky-rocket to cover all potential deaths from the new strain.
(self LOL, just had to get that out before we have to read screads and screads of copy pasta from the science deniers saying exactly that, but with so many more words – at least the above was vaguely funny)
That Labor stooge Jordan Skanks is really copping it today from the femi-nazis and their beta-male supporters. LOLOLOL
Oh, this is gonna be good…
Links, or it didn’t happen.
Check out her Twitter feed. She’s gone full retard on the issue.
https://twitter.com/NicolleFlint