That’s the title of a presentation I gave to a workshop on UBI run by the Academy of the Social Sciences in Australia. I wasn’t able to attend in person so I called in for my session. The result is that I can’t give a summary of the event, but Tim Hollo has one here. My presentation is here.
Via the AFR: A quarter of Chinese buyers purchase residential property and hold it empty as an investment, a survey by investment bank UBS of mainland Chinese customers shows. A further 45 per cent buy as an investment that they rent out, so are unlikely to be affected by higher local surcharges on foreign buyers
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South African power utility Eskom recently repeated that it will not conclude supply contracts with developers of new renewable energy power stations.
South African power utility Eskom recently repeated that it will not conclude supply contracts with developers of new renewable energy power stations.
Unfortunately for 4Corners, I know pretty much everybody that they interviewed for their housing bubble busting expose last night and one complaint that has come back from my discussions with more than one is that despite considerable time being dedicated to discussion of the role of population growth in the formation of the bubble, it
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We often hear that the rise of helicopter parents prevents young children from roaming independently, to their detriment; sure, but there’s more to it Have young children lost the “right to roam”?
Opposition Leader Bill Shorten reads about his unbeatable opinion poll lead, finds his denouncement of British citizenship document and discover George Formby all in the one day
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Via Goldman: The key development in Federal Reserve communication last week was a wide-ranging interview with FRBNY President Dudley. Two quotes in particular stood out to us. First, Dudley suggested that so far he has not changed his “dot”; if things go as planned then he “would be in favor of doing another rate hike
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Episode 3 of The House with Annabel Crabb, the ABC’s new six-part series on Parliament House, focuses on Question Time. We see the public queuing to go in, and large groups of schoolchildren being shepherded through the security scanners.
Last night’s 4Corners bubble bash featured a happy couple who plan to own 20 properties inside a few years. It appears they were sourced from Mr IQ: In case you’re wondering what it takes to make it as a specufestor today, here is Mr IQ to explain to you: Recently, he sagely began dumping properties
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According to a recent survey commissioned by Australian Seniors Insurance Agency, 86 per cent of people over 50 believed “having to be politically correct all the time” was ruining society, and 86.6 per cent said it was “inauthentic”. The first thing that struck me when reading that was why an insurance agency would be asking…
I guess most of you heard about Tony Abbott’s performance on the Ray Hardly Show. You know, the one where he talked about the dangers of two people marrying… Yes, yes, I know, his parents got married and had him. Ha ha, very funny. That’s just typical of you lefties. Attack the man when you…
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I don’t pay much attention to the weekly consumer confidence numbers. They’re too volatile to bother and much more shallow than Westpac monthly. Still, this is interesting, we just hit a new post-Turnbull low of 109.2 (prior 111.7): It’s hard not to see this flowing in some measure from the Canberra circus. But there was also
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Via Morgan Stanley: While Australian banks’ margin recovery is in the sweet spot in late 2017, today’s new data from WBC shows IOL switching could be playing out earlier than the market expects. This presents downside risk to margins in 2018. Interest only switching is rising: WBC has more IOL(~50% of Australian mortgages) than other
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A syzygy feels magical, and not just because it gets you at least 25 points in Scrabble. The whole concept of celestial bodies aligning feels poetic. When it results in a total solar eclipse here on Earth, you can feel for a few moments as though you're part of something much greater and grander than yourself. The transience only makes it more beautiful. Which is why thousands of people will flock to the path of totality on August 21, 2017: to witness a once-in-a-lifetime phenomenon.