| archive - contact - sexy exciting merchandise - search - about |
">| ← previous | May 15th, 2024 | next |
|
The Annual Fiscal Statement for Australia (aka ‘The Budget’) came out last night and ordinarily I would analyse it today. But I am travelling a lot today and also the wage data came out today, so I plan to leave the fiscal policy commentary until next week when I have more time to think about…
In Australia repurchase (repo) obligations are traded bilaterally 'over-the-counter' between parties, rather than on an exchange. As a result, it is difficult to obtain quotes of executable prices, trading volumes, and related data that are representative of the market. Market conditions are therefore not easy to assess and often dependent on anecdotal evidence. Over the years, the Reserve Bank of Australia has published data and analysis of the repo market by providing indirect perspectives using data from its own open market operations that are conducted using repos. This paper contributes to this work. The Reserve Bank conducts open market operations to manage liquidity in the interbank market, provide settlement balances for the smooth functioning of the payments system, and for the implementation of monetary policy. Repos are an integral part of these operations. The eligible private sector counterparties in these auctions have a variety of reasons for participating. We arrange their bids in an ascending order in a number of distinct phases so that they can be used to make inferences about the demand for repo and hence market operations.
Economists spend a lot of time talking about comparative advantage: France has just the right climate and land to make great wine, for example. In the Industrial Revolution England had good quality coal in just the right place. Germany has a lot of good industrial workers and craftsmen. Most comparative advantage, however, is cost advantage. If it’s cheaper and you can produce it for less, it’s hard to compete against you. After inquiries from The Intercept, Duane Kees stepped down from his ethics panel position. The post This U.S. Attorney Resigned Amid an Ethics Investigation. Yet He Wound Up Overseeing Judges’ Ethics. appeared first on The Intercept. Those are responses to what Trump has been saying about the judge in his NY criminal trial: On a recent Tuesday morning, a visibly frustrated Donald Trump sat through a tense hearing in the first-ever criminal trial of a former American president. During a break, he let rip on his social media platform. New York Justice Juan Merchan, Trump declared on Truth Social, is a “highly conflicted” overseer of a “kangaroo court.” Trump supporters swiftly replied to his post with a blitz of attacks on Merchan. The comments soon turned ugly. Some called for Merchan and other judges hearing cases against Trump to be killed. […] The April 23 post by Trump and the menacing responses from his followers illustrate the incendiary impact of his angry and incessant broadsides against the judges handling the criminal and civil suits against him. As his presidential campaign intensifies, Trump has baselessly cast the judges and prosecutors in his trials as corrupt puppets of the Biden administration, bent on torpedoing his White House bid. […] The rhetoric is inspiring widespread calls for violence.
David Hencke examines a National Audit Office report revealing HMRC has not done enough to raise awareness of its digital services
Beatlefan Executive Editor Al Sussman offers a counterpoint to some fans who’ve been whining about various aspects of the reissue of “Let It Be.” Here’s his more evenhanded impression of the 1970 film’s restoration. … Well, I watched the … Continue reading
Fox news is having a full-fledged meltdown over Kamala Harris using the F-word. It dishonors the office dontcha know. Yeah…
Treasurer Jim Chalmers has this week released his third budget and with it there has been notable winners and losers. The most notable loser thus far appears to be Sky News Australia, who despite spending hundreds of thousands of dollars... Read More ›
How Earth’s habitable continents arose—and survived. The post We Came from Lowly Mud appeared first on Nautilus. Israeli officials hyped their country’s 5th place Eurovision finish as proof of quiet global grassroots support for their assault on Gaza. Now, they admit they manipulated the results through an international propaganda blitz. On May 11, Israeli candidate Eden Golan took home 5th place at the Eurovision contest in Malmo, Sweden. The decision to allow the Israeli singer to participate sparked heated protests and calls to boycott the event. Against the rancorous backdrop, many were surprised by Golan’s apparent success, […] The post Israel astroturfed Eurovision vote but lost anyway, govt admits first appeared on The Grayzone. The post Israel astroturfed Eurovision vote but lost anyway, govt admits appeared first on The Grayzone. Ed Kilgore takes a look at the inconceivable result in the Times/Sienna poll showing that huge numbers of people remember the Donald Trump years as glory days for America. [W]hen the New York Times–Siena polling outfit asked voters “to describe the one thing they remembered most from Donald J. Trump’s presidency, only 5 percent of respondents referred to Jan. 6, and only 4 percent to COVID.” 39 percent cited “Trump’s behavior” as most memorable, and another 24 percent named “the economy.” Aside from the radical shrinkage of COVID and January 6 in the rearview mirror, what’s remarkable about this reaction is that it had little to do with what we normally think of as specific events, much less issue positions.
The future of postal services in the UK is again under threat. The current Royal Mail Board have seriously mismanaged the company and have not done enough to move away from the approach of the previous CEO which saw an all out assault on their own employees. An increasingly likely next step for the company […] Gordon Brown responds to a shocking UNICEF report that UK child poverty has worsened drastically more than 38 other OECD nations
Trump has brought his surrogates to the trial to violate his gag order for him: He went into the courtroom along with Byron Donalds, Doug Burgham and Vivek Ramaswamy. They stayed for about 45 minutes and then emerged and gave press conferences spouting all the crapola Trump isn’t allowed to say due to his gag orders. Unbelievable:
Climate scientists reveal data that earth’s heating is accelerating, heat extremes are increasing and 1.5C has been breached faster than forecast. We are failing to treat climate change as the single greatest threat to humanity. At the same time our government has announced a gas strategy which increases emissions and the earth’s heating. Either we Continue reading »
The jailing of military whistleblower David McBride, who exposed alleged war crimes by Australian troops in Afghanistan, for 5 years and 8 months by the ACT Supreme Court shines a light on a number of issues and one of them requires urgent consideration. The need for a public interest defence to protect individuals like McBride. Continue reading »
How long can Australian politicians continue with the pretence that the American alliance aligns with the nation’s interests? Trump or Biden? It doesn’t really matter except for determining the path of America’s decline into illiberalism. ANZUS must be exited. There are three compelling arguments for leaving the ANZUS alliance. The first is cynical but persuasive; Continue reading »
Imagine being Tony Blinken, and facing the arduous responsibility as US Secretary of State to rule the globe! This seems a daunting task, but fortunately, Blinken doesn’t have to strain his brain too much because he has a manual already written to instruct him. This manual is called The Grand Chessboard. It tutors you to Continue reading »
Australia’s most severe China knowledge gap is the virtual collapse of University-level advanced Chinese language study, together with the study of Chinese society, politics and culture. This is the major finding of a report, Australia’s China Knowledge Capability, published in 2023 by the Australian Academy of the Humanities. The main program that provided this expertise Continue reading »
| ||
