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Weekend Chartfest, November 24-25, 2018

November 24, 2018 - 00:15 -- Admin

        Australia       Housing Finance       Australian house prices v the rest       Australian house prices to income v the rest       Sydney & Melbourne Auction Clearances       Employing Sectors       Consumer Confidence       Housing Sales and Stamp

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Weekend Reading: 24-25 November 2018

November 24, 2018 - 00:01 -- Admin

Global Macro / Markets / Investing: How Bitcoin’s Crash Compares to History’s Biggest Bubbles – Bloomberg Texas Is About to Create OPEC’s Worst Nightmare – Bloomberg Why suicide is falling around the world, and how to bring it down more – The Economist Recalculating GDP for the Facebook age – FT An electric plane with

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Macro Afternoon

November 23, 2018 - 17:30 -- Admin

A very mixed day here in Asia with Japanese markets closed and not much else happening due to the US holiday overnight, although oil prices have already retraced and Chinese shares are off due to domestic concerns via the PBOC of a slowing global economy. The Shanghai Composite is down over 2% to 2579 points going into the

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Vote 1 Sustainable Australia in tomorrow’s Victorian Election

November 23, 2018 - 14:00 -- Admin

Sustainable Australia are running in all 8 Upper House regions and in 11 Lower House seats in tomorrow’s Victorian Election. Sustainable Australia has excellent policies, which is why I am a paid-up member, as is Dick Smith. If you are a Victorian resident, please give Sustainable Australia your vote. To borrow a phrase from Don Chipp:

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Do house prices or jobs lead the cycle up and down?

November 23, 2018 - 12:30 -- Admin

Via Scott Haslem at the AFR: The housing outlook warrants significant caution. The high level of household debt remains a vulnerability, particularly in the event of an adverse shock to the economy and the potential for loan defaults and weaker consumer spending to feed back into weak activity. But Australian banks have substantially strengthened their

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Oil price to fall further

November 23, 2018 - 12:30 -- Admin

Via Art Berman: Crude markets had a panic attack in August and September that sent prices soaring. Sanity is now returning. Prices have fallen but are likely to move even lower over the next few months. The panic attack was caused largely by Trump’s August 7 announcement that sanctions would be re-imposed on Iran. Anxiety

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NZ immigration continues retrace as Aussies head home

November 23, 2018 - 12:00 -- Admin

By Leith van Onselen Statistics New Zealand released its permanent & long-term migration figures for October 2018, which revealed that immigration into New Zealand has continued to drift back from record high levels, with 61,751 annual net permanent and long-term arrivals landing in New Zealand in the year to October, down from a peak of

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Can Ponzi Pallas save Melbourne house prices?

November 23, 2018 - 11:30 -- Admin

Via Domain: Treasurer Tim Pallas has recommitted to first-home buyer incentives, says Melbourne’s house price decline should only last 12 months and has welcomed the prospect of negative gearing changes under a federal Labor government. Mr Pallas, in a wide-ranging interview with Domain, insisted the underlying fundamentals of Victoria’s housing market were very strong, and

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Another ‘expert’ deflects population blame to foreign students

November 23, 2018 - 11:15 -- Admin

By Leith van Onselen Abul Rizvi, a former deputy secretary in the Immigration department, is the latest to blame the population crush afflicting Sydney and Melbourne on foreign students. From SBS News: The real pressure on Australia’s highly populated east-coast cities was driven by a surge in international students, Mr Rizvi said, while the permanent

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Private schools guzzle taxpayer funding

November 23, 2018 - 11:00 -- Admin

By Leith van Onselen It appears that private schools are rapidly morphing into public schools, given the large amount of public funding they receive, according to a new report published by The ABC. That is, if a private school is defined by who pays, then they are rapidly becoming public: Average figures tell us Catholic

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