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CoreLogic weekly house price update: More boom

December 13, 2019 - 00:10 -- Admin

In the week ended 12 December 2019, the CoreLogic 5-city daily dwelling price index, which covers the five major capital city markets, surged another 0.32%: The rise in values was broad-based, but again driven by Sydney and Melbourne: So far in December, dwelling values have risen by 0.54%, again driven by Sydney and Melbourne: Quarterly

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Chinese arrivals hit record high

December 13, 2019 - 00:08 -- Admin

The Australian Bureau of Statistics yesterday published its overseas short-term arrivals figures for October, with Chinese visitors hitting fresh all-time highs. The number of short-term visitor arrivals rose by 2.7% in the year to October, whereas short-term resident departures rose by 2.9%. The ratio of annual arrivals to departures remained at 81.4%: Net short-term arrivals

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Westpac: “Risk off” to drop Australian dollar to 66 cents in 2020

December 13, 2019 - 00:05 -- Admin

Via Bill Evans at Westpac: At the time of our November Market Outlook the AUD had lifted from USD0.675 to USD 0.698. Over the last month it has traded down to as low as USD0.676 and back to USD0.683. Eff ectively the AUD has traded in the USD0.67 to USD0.70 range since late July. Westpac

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Can India become our biggest international student market?

December 13, 2019 - 00:05 -- Admin

As it currently stands, India is Australia’s second biggest market for international students, trailing far behind first placed China. As at August 2019, there were 240,000 Chinese nationals enrolled to study in Australia, almost double the 126,000 Indian nationals enrolled (see next chart). The imbalance is even greater with respect to ‘exports’ from international students

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Links 13 December 2019

December 13, 2019 - 00:01 -- Admin

Global Macro / Markets / Investing: Morgan Stanley fined $22 million over alleged bond-market ‘pump and dump’ scheme – Business Insider “It’s About To Get Very Bad” – Repo Market Legend Predicts Market Crash In Days – Zero Hedge Gold Price Increases Ahead of Tariffs Decision on Chinese Imports – Gold Silver Bitcoin BIS Drops

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Macro Afternoon

December 12, 2019 - 17:00 -- Admin

A very mixed session across the region today as risk taking diverges as a result of a more accommodative Federal Reserve overnight which sent USD lower against all the major currencies, which affected the ASX200 the most. Concerns that Trump may do something to distract from his impeachment woes The Shanghai Composite dropped 0.3% to

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Deluge of lenders offer tax-payer backed sub-prime mortgages

December 12, 2019 - 15:09 -- Admin

Vai The Advisor: Twenty-six additional lenders have been appointed to the initial panel of the government’s First Home Loan Deposit Scheme, including major bank, Commonwealth Bank. The National Housing Finance and Investment Corporation (NHFIC) has announced its full panel of lenders taking part in the federal government’s First Home Loan Deposit Scheme (FHLDS). Following on

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MB Fund Podcast: Dodging the Debt Disaster with Steve Keen

December 12, 2019 - 14:52 -- Admin

In today’s webinar, hear from MB Fund’s Head of Investment Damien Klassen, Tim Fuller, as well as Economist and Hon. Prof. of the University College of London, Steve Keen as they cover “Dodging the Debt Disaster” Topics this week include credit creation and its limits, weighing up its pro’s and con’s, central banks reaching the

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Kevin Rudd is the Manchurian candidate

December 12, 2019 - 14:20 -- Admin

Via Michael Sainsbury at Crikey: Kevin Rudd, once a firm China sceptic, has become Australia’s first (former) prime minister to openly consort with the ruling Communist Party’s United Front Work Department (UFWD). The UFWD is responsible for spreading Chinese government interests in offshore nations — including Australia. UFWD groups are disguised with dull and prosaic

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US Ambassador declares war on Chinese harrassment

December 12, 2019 - 14:00 -- Admin

At the New Daily at least the Americans want to defend Australian freedom: The United States has suggested China is harassing members of the minority Uighur community in Australia. American ambassador to Australia Arthur Culvahouse said he was outraged by the levels of intimidation and argued there should be serious consequences. “What is happening, and

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