See the latest Australian dollar analysis here:
Stocks rebounded somewhat throughout the region today despite the continued selloff on stocks overnight, with risk currencies coming back a little against the USD in the wake of more inflationary concerns. Bitcoin remains stuck at the $42K level while gold surged overnight to put in a new monthly high and is holding on to those gains, hovering just below the $1840USD per ounce level:

Mainland Chinese shares are largely unchanged with the Shanghai Composite barely up 1 point to 3558 while the Hang Seng Index put in a big surge, lifting more than 2.5% higher to close at 24734 points. Japanese markets also bounced back from the previous steep drops with the Nikkei 225 closing 1.1% higher at 27806 points but this barely puts a dint into the falls as the USDJPY pair edged only slightly higher to the mid 114 level but remains in a short term downtrend as the 114 handle firms as support:

Australian stocks put in a very minor uplift with the ASX200 closing 0.1% higher to 7342 points, as the Australian dollar regained some strength to climb back above the 72 handle on the stronger than expected numberwang unemployment print, staving off a new weekly low that had been building:

Eurostoxx and Wall Street futures are steady going into the London open, with the S&P500 four hourly chart showing price still hovering at or slightly below the December lows at the 4550 level (lower black horizontal line) as the potential builds to turn this dip into a proper correction:

The economic calendar continues with Euro wide core inflation results plus the latest ECB minutes, then US initial jobless claims plus existing home sales.
- Macro Afternoon - May 24, 2022
- Macro Morning - May 24, 2022
- Macro Afternoon - May 23, 2022
https://www.theage.com.au/world/oceania/miracle-aquaman-tongan-survives-28-hour-swim-after-eruption-tsunami-20220120-p59pwi.html
Someone is trying to compete with you Boom
2nd,
only put there cause Phantoms original post was, First, then edited out.
.
.
Sounds like Lisala is a better waterman than landman.
well played Boom, well played
LOL
“Or else, we will go into recession.”
https://www.betootaadvocate.com/advocate-in-focus/nsw-residents-to-be-fined-1000-if-they-dont-leave-their-home-and-spend-money/
You lucky though, you can claim you reside on your boat and the law of the land doesn’t apply to you
That site is meant to be satire. But we are passed satire now.
https://youtu.be/N_os74m9uFI
And the media beat up starts scaring the baby boomers in article title: what ALP win means https://www.realestate.com.au/news/change-of-government-wont-address-structural-problems-in-aussie-housing-market-experts-claim/?rsf=syn:news:nca:news:spa
Labor haven’t got a hope. They are that bad!
This legend should be going for 60mil to include the impact on his reputation and future earnings considering the importance of this comp to his overall standing as supreme tennis champion. And I hope he smashes it in!
https://www.news.com.au/sport/tennis/australian-open/novak-djokovic-in-talks-to-sue-australian-government-for-6-million-over-ill-treatment/news-story/accfe1e3067316fe2460474e3c57e538
Are you his QC? Cause you can get 5.8 million out the 6 he wants as fees!
I bet you feel for your fellow landlords Herr Reusa
Imagine to give your property rent free for a year!!
https://www.news.com.au/travel/travel-advice/accommodation/airbnb-searching-for-someone-to-live-rentfree-in-italy-for-a-year/news-story/b8ac9b23d0a4e59601247aceba7cb115
Merkwürdigliebe as the geopolitics expert , have a look at ScoMo’s plan when Russia attacks Ukraine
https://www.news.com.au/finance/work/leaders/peter-duttons-pledge-as-tensions-between-russia-and-ukraine-rise/news-story/2d510945619f9b362eb7d4c953555bf4
You sure he has a plan and not just a plan for a plan?
Someone remind Scummo of when our Tony wanted to shirtfront a highly regarded KGB agent, then had to bottle it as the realisation hit.
He meant “a robust conversation”.
Or just a conversation.
A “Hello” could do.
He realized that he’ll have to aim a lot lower than the shirt… pants-front him doesn’t have the same meaning, does it?
He was a rugby player so the squirrel grip is quite possible.
I dunno, I just reckon a career of packing down in third or fourth grade scrums doesn’t quite prepare one for battle with someone who could kill you.
Putin has a sixth dan black belt in judo. Mr Squirrel-Grip would have not even got his hand anywhere close.
Best he could do as an Aussie is The Hopoate Maneuver.
^Maybe “The Double H”?
Just eat the damn bugs.
https://twitter.com/RudyHavenstein/status/1032337834722516993
Rising bond yields point to earlier interest rate rises for world’s central banks … Independent Ireland
https://www.independent.ie/business/rising-bond-yields-point-to-earlier-interest-rate-rises-for-worlds-central-banks-41258447.html
Westpac forecasts RBA rate rise by August, mortgage borrowers to face $103 monthly hit
https://www.abc.net.au/news/2022-01-20/westpac-forecasts-rba-rate-rise-by-august/100770574
Wishfull thinking
Oh noes $103 rise. That will break thing.
Beforepay should do well …..
The little Hunt is out and out denying that it’s the federal government taking these tests.
Who’s lying?
https://mobile.twitter.com/MarkBaileyMP/status/1483972953566216193
The PM denied it as well and demanded that those making the claims provide evidence to back their claims.
It may not be the Health Department. It could be the PMO. Plausible deniability.
So if Putin invades Ukraine
And Europe restricts / stops flow of oil and gas from Russia – there will be substantial pressure from USA to do this
Then will China do an oil & gas deal with Russia?
Its a strange world.
I thought Russia and China has already a deal
Yes, but Piutin will be keen to sell stuff if the Europeans don’t buy
And China gets energy from many places other than Russia.
Yes, but another interesting aspect would be that if Russia does invade it would be bad for China as it would force Germany & US together, unlike now where Germany is trying to have it both ways with China. Also, China has made a string statement, no a threat, against America.
https://www.theguardian.com/world/2022/jan/20/china-warns-of-serious-consequences-after-tracking-us-warship
There is no way that Russia will invade a string pile that is Ukraine now. In about 18 months (TM) the Ukraine oligarchs and pollies will have stolen whatever is left, and the country will not be worth paper its constitution is written on.
Study history. Ukraine was created in 1920s by Lenin. Prior to that it’s territories were in possession of various other countries. Crimea was gifted to it by Kruschev. It’s current capital, Kiev, was known as a centre of Russian people for centuries. It is a made up entity. There is no reason for it to be annexed by Russia, economic or otherwise. This is just a continuation of the Russiagate that was in play while Trump was President. Biden needed a new angle, since he is above all corruption, it was all Hunter, and even that is not questioned.
Propaganda that would make old Soviet regime green with envy.
“There is no way that Russia will invade a string pile that is Ukraine now. “
I wish I was so sure. There is a school of thought that Russia and China might push their luck now rather than wait. It will take time for the US to gear their military up for a classic great power confrontation. They have spent much of the last 20 years fighting to a battle plan which has very different military requirements. The emergence of China has tipped the scales of power significantly. This is why the US is keen to integrate the armed forces of other friendly nations like Australia and see them spend more of defence.
This is a hot topic right now. Watch this space.
https://boriquagato.substack.com/p/vaccines-and-boosters-associated?r=bhyux&utm_campaign=post&utm_medium=email
Original antigenic sin may be the explanation. The vaccine primes the immune system to a too narrow target (in the case, the spike of the original strain). This does not confer strong immunity (hence we are seeing breakthrough infections). However, it can also blocks the development of immunity to subsequent variants. Put simply, if you already have immunity to one variant, your body will rely on that rather than developing immunity to a new variant. This could explain what we are seeing – that the vaccinated are more likely to be infected with delta and omicron.
https://www.sciencedirect.com/science/article/pii/S2772613421000068
https://journals.asm.org/doi/10.1128/mSphere.00056-21
https://pubmed.ncbi.nlm.nih.gov/28479213/
Thus far, the vaccine is highly effective at reducing your risk of serious disease. The ICU admission data on that is indisputable.
But there are a number of POSSIBLE outcomes of this
1. An individual may have more frequent SARS-CoV-2 infections – albeit mild
2. An ongoing requirement for boosters to support a suboptimal initial immunity
3. If there is a a more pathogenic variant in future, then the vaccinated may be more prone to getting infected with this.
I don’t think omicron will be the last word in this (already parts of Europe are looking at a variant of omicron).
I wouldn’t be too surpised that 12 months after the omicron variant vaccine is released we will have a new omicron-type variant that’s milder and easier to catch and blasts through any and all protections offered by the new vaccine, and weekly boosters of it will be required to provide and maintain enough antibody response to prevent symptoms and infection, etc.
Pretty sure i read somewhere that the new Omicron vaccine will be 3 doses straight off the bat… “double dose” boosters to follow of course after 6 months because that’s a fairly normal immune response duration.
Can Novavax play a part ?
Or BCG?
Now we have inhaled heparin as a prophylactic
It’s complicated isn’t it. Omicron definitely has a lot of antigenic drift……but what caused it ? Us or the vaccines………time will tell.
https://opentextbc.ca/biology/chapter/23-2-adaptive-immune-response/#:~:text=Adaptive%20immunity%20is%20an%20immunity,insufficient%20to%20control%20an%20infection
Yeah. The Vax reduces symptoms, but OAS means you’re more likely to catch it and need that efficacy. Maybe best to not catch it in the first place?
The transitory nature of Vax efficacy seems like a big thing to me as well.
I’m placing a lot of hope in Vit D. I was previously severely Vit D deficient and suffering numerous physical and neurological effects. Supplementation has changed my life for the better quite remarkably. I’ve seen quite a few studies that correlate low Vit D with poor covid outcomes (it ain’t necessarily causation, I know), so I’m nomming the Vit D capsules big time these days.
Does that only apply to mRNA vaccines. Isn’t AZ broader?
I think so. Also according to this it’s not just the vaccine but where the reaction takes place ie
“They produce a better response than a needle, because they penetrate the skin (which is rich in immune cells) rather than the muscle”
https://advance.qld.gov.au/whats-happening/stories-about-innovation/covid-19-vaccine-patch-poised-make-clinical-impact
“I’ve read” (quote unquote for humour aka “I’ve done my research” but in this case I literally just read it somewhere) that AZ antibodies “look” like they don’t protect against Omicron / Delta but T cell response / overall immune response broader than mRNA.
That’s not me saying that with any authority – I’m just a lowly engineer – just paraphrasing what I read.
Mother?
https://www.dailymail.co.uk/news/article-10419187/Endangered-Philippine-eagle-chick-fed-hand-puppet-designed-look-like-parent-Video.html
What does JohnR have to wear to feed you with his hand like that?
https://www.youtube.com/watch?v=57ta7mkgrOU
😶 sorry didn’t know JohnR is sensitive topic to you
He does the song too.
https://fb.watch/aD8f3TBkhh/
After 2yrs of doing this you would think they would be better at it.
If only we had a…….
Ah fvck it, I can’t be bothered any more.
Sigh.
https://www.dailymail.co.uk/news/article-10420285/Australias-selling-electric-car-Chinese-MG-ZS-quarter-niche-market.html
The numbers of sales are pathetic, like 37 cars of one model and 400 of other etc..
I thought the sales would be of thousands of each!
I don’t know if I’m seeing lots and lots of Teslas or the same ones over and over again.
Definitely more about.
Stop cruising for pros so often and you might get some objective data.
Lots and lots more.
Model X in a small regional village around Bangalow.
Counted 10 between Bangalow on ramp and Ballina on the 29th Jan on the highway and Lismore Bangalow Rd.
Lots about.
Want to know the best way to reduce the creation of plastics/ toxic chemicals, carbon pollution and environmental degradation.
Buy a reliable ICE vehicle and keep it for 15 years at least.
Exactly, and keep it in tune. That’s why I have no guilt driving my 50+ year old Datsun’s.
https://education.nsw.gov.au/teaching-and-learning/student-assessment/smart-teaching-strategies/literacy/language-conventions/stage-3/punctuation/identifying-and-using-apostrophes-in-contractions-and-possessives
There’s truth to this. We have a high turn over of lots of products the consume resources and end up in landfill after a few years.
Go back a generation where products were built to last and people kept them for a lifetime we were consuming resources less.
Same goes for housing. Palladio made some very environmental homes, accounting for age.
Agree.
In New South Wales, the Coalition government is particularly keen to entice motorists into electric cars, ambitiously aiming for the vehicles to comprise more than half of all sales in the state by 2031.
Ambitiously ? It will be staggering if half of all vehicle sales by 2031 are not EVs. Heck, it’ll be surprising if that 50% figure isn’t hit years before.
There will be no choice. It’s already baked in. The battery factories are being built. The platforms are getting finalized. Go to any car show room and it will be electric cars only.
No manufacturer can afford to keep 2 propulsion systems in development.
It’s only 9 years away, and until EVs come down to say 30-40k and the current/next gen make it into the second hand car market, there’re a lot of people who can’t afford 60k+.
Even the Hyundai’s et al in 2022 for base models are, what, 60k+?
(coming from someone who wants their next run about / small hatch family car to be an EV)
Bear in mind they’re talking about new car sales, not cars on the road.
In 2031 I reckon you’ll probably struggle to find a petrol powered vehicle for sale new, outside of fairly specialised use cases (eg: 4WDs).
Cars on the road is a different matter. As you say, vehicles need to filter into the second hand market for that. I reckon about mid-2030s is when EVs will become the majority. Maybe late 2030s depending on who wins the next election. 😉
Second cars / town runabouts is exactly where EVs will take major marketshare in a relatively short time, in my opinion – when they get down to ~30k.
This is where anti vaxxer madness leads:
https://www.theguardian.com/world/2022/jan/19/czech-folk-singer-hana-horka-dies-after-deliberately-contracting-covid
Rek blamed the death on a local anti-vax movement, saying its leaders had convinced his mother against vaccination and thus had “blood on their hands”.
“I know exactly who influenced her … It makes me sad that she believed strangers more than her proper family,” Rek said.
“It wasn’t just total disinformation but also views on natural immunity and antibodies acquired through infection,” he added.
What’s your view on third and fourth booster shots being mandated. I’m personally no fan of it.
whats the big deal? it takes less time than buying a coffee to get it and its free
It seems it’s being pushed based on politics more than science and that their effectiveness against strains such as Omnicron are extremely low. So I wonder why bother? Plus the chance for negative reactions such as heart muscle inflammation etc..? I think why push people when Governments have already pushed us enough. They can f*CK right off imho.
Asbestos makes a great insulator. Cheap and effective.
Is it an accident most anti vaxxers also believe in bitcoin/the tooth fairy?
I’d just like to point out that Pfizer has paid over $10 billion in pfines over the last 20 years for the most vile and corrupt criminal activity, including illegal drug trials on defenceless African children.
https://blog.canberradeclaration.org.au/2022/01/20/8-reasons-pfizer-cannot-be-trusted/
And they’re only the crimes that they’ve been caught committing.
If you want to take a drug made by these psychopaths….go right ahead.
Just as well drug *marketing* companies don’t underwrite / test / approve drugs for human use then.
Glad we agree on the positive role the state plays in medicine.
Isn’t the state big pharma’s cuck?
Maybe in upside down world
Geez you’re a dumb cnt.
I truly wonder if someone such as yourself will ever redeem for the absolute sh1t you’ve proudly splattered over the internet during the last couple of years or if you’ll go to your grave in denial.
I think it’s entirely improbable that Sweeper is going to end up in Africa anytime soon.
having a bad day fishing?
Played my first round of golf in around 5 years today. Christ it’s hard when you have no confidence in your driver and/or 3-wood.
If anyone hasn’t seen Matsuyama’s 250m 3-wood the other week:
https://m.youtube.com/watch?v=cCQ8dgHEbDE
Nuts.
Better 1-Wood in your hand than two in the bush.
They call me The Woodsman.
I was just waiting for you to tee off.
Yeah the lumberjack.
Had a hit up at Tweed a month ago (ex junior pennant ~25 years ago). For me it was the putter (which as a junior was the most reliable club along with shirt game/wedges). Shot 10 over with a 4 putt and 2 x 3s! Horror show. Back to the old school Wilson blade putter from the Cleveland Anser-copy.
BTW, if you’re up that way, the Cooly/Tweed course is pretty solid. Bit wet on the West course due to river proximity (a wet wet summer) but the fairways are pretty mint.
Now this better scare you off trying to escape,!
https://www.news.com.au/travel/travel-updates/health-safety/aussies-face-holiday-nightmare-by-contracting-covid19-overseas/news-story/0e7419e17ab01af1a5083af2cc5a75cd
a resort in Fiji is effectively a long distance food court.
Would be unlikely to catch it in Taveuni.
West Australia chickened out and not opening Feb 5
I love the distinction between interstate and foreign arrivals (the overwhelming bulk presumably are West Australian citizens):
– arriving interstate from the Covid epicentres Melbourne and Sydney then 2 weeks home quarantine for you (Aussie Omicron ok)
– arriving from overseas then you must be a disease ridden scumbag and have to be thrown into a hotel for a week (overseas Omicron bad)
Never change you classy racist rednecks
The reality is that in some parts of the world, it is very easy to get fake vaccine certificates, fake negative test results.
We have known this for years with TB – people can produce a normal chest X-ray to get into the country, only to turn up at hospital a few days later with advanced TB.
The downside of closed borders for 20 months or whatever was a catch up when they opened. We saw that in the rest of Australia, which now has the worlds 4th highest cases per capita – despite summer.
WA is even more susceptible as it didn’t have many cases in 2020 or 21, which in turn led to sluggish vaccination rates.
But the cure is rarely more of something which made you susceptible in the first place. Sooner or later WA has to go through this. If they delay too long, they will be looking into winter and will feel that’s not the right time either.
Yes I can imagine lots of returning WA residents doing that….
Complete crap.
It’s not the returning WA residents who are the problem.
It will be all the skilled workers and overseas students
Anyway you asked why there is a different system. I gave you the answer. You don’t like the answer. Not my problem Frank.
A year back, we had a lady with cholecystitis come to hospital. Had routine blood tests done, including a blood type and cross-match. Now your blood tests can change over time. But your blood type is constant. So we get a call from blood bank to say that someone messed up and labelled the wrong tube because this lady had a blood type 2 years earlier and it was a different type. Turned out the lady had just arrived in Australia, no travel insurance, not Medicare eligible – so she borrowed a relatives card. It was cheaper and faster to fly to Aust for her surgery than to have it in her home country.
If you don’t believe fraud is widespread, then there is not much I can say.
The schtick is getting old in WA. I bet dollars to donuts it’s that the new opening date will be tied to a certain high percentage of 3 shots received. Hope no new variant emerges that will require shots 4, 5 and 6.
In the meantime, local rag explains away this action by Gruppenfuhrer Mark because Omicron is more deadly, despite it being lauded as a milder version for the last couple of months.
In my circle, people are pissed. Especially ones who “did the right thing”, they feel cheated. Mark will cop it bad, but the election is 3 years away.
It is milder. Our family have it this week. Big problem is that you are too well to stay at home. Bigger problem is that wife keeps pointing out all those jobs you never had time to do.
But Perth’s hospital system is marginal at best. It gets even worse out of Perth – he has to think about all those remote communities. WA’s population has zero natural immunity, and the vax rate is sluggish. So there is a real risk of opening. And he knows parents will be p1ssed if schools close in February.
The problem is that he has promised his people safety for 2 years. And the people are now addicted to safety. Benjamin Franklin once said something about safety and liberty.
”Sooner or later WA has to go through this. If they delay too long, they will be looking into winter and will feel that’s not the right time either.”
Yes we will need to go through this Steve but, if you’re in the business of making money like many of the big miners are, you wont give a sh!t about whatever narrative fits the business interests of those in the east.
I’d be surprised if the state government here hasn’t got tacit approval from those players given the lean nature of their operations and their influence here. It’s all about business continuity and I’ve not really heard any criticism from them so far. You only have to see the chaos in supply chains in the east to understand they will want to avoid that (Where are those RATs again?). If McGowan has acted without the tacit endorsement of mining interests, I’d be very surprised indeed because it would be his doom. They would punish without mercy anything they deemed to be against their interests. Such is life in the wild west.
Berlin (CNN)Pope Benedict XVI knew about priests who abused children but failed to act when he was archbishop of Munich from 1977 to 1981, an inquest found Thursday, rejecting Benedict’s long-standing denials.
“He was informed about the facts,” lawyer Martin Pusch said, as the Westpfahl Spilker Wastl law firm announced the findings of an investigation into historic sexual abuse at the Munich Archdiocese over several decades. The report was commissioned by the church itself.
“We believe that he can be accused of misconduct in four cases,” Pusch said. “Two of these cases concern abuses committed during his tenure and sanctioned by the state. In both cases, the perpetrators remained active in pastoral care.”
https://edition.cnn.com/2022/01/20/europe/pope-benedict-xvi-munich-abuse-report-catholic-church-intl/index.html
Big robes for hiding small kiddies
UK deaths solely from covid surprise … Dr John Campbell … Youtube …
… What is the situation in other countries ? …
… Essential viewing …
Freedom of information revelation … Dr John Campbell … Youtube
… reset to start if required …
https://www.youtube.com/watch?v=9UHvwWWcjYw&t=905s
https://www.youtube.com/channel/UCF9IOB2TExg3QIBupFtBDxg