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Woe is XJO!

November 21, 2018 - 12:11 -- Admin

AUD has been struggling through the morning: Bonds remain bizarrely mis-priced: As XJO takes a tumble to two year lows: Big Iron is hit: As Big Gas collapses (happy we exited WPL last week!): Big Gold is soft: Big Banks down again: And Big Realty: Woe is XJO!

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Credit intensity of state growth rolls over

November 21, 2018 - 12:00 -- Admin

By Leith van Onselen For years, the most important factor driving house price growth has been the flow of housing finance commitments, which has shown an incredibly strong correlation over the past several decades: On Friday, the ABS released its State Accounts for the year ended June 2018, which has allowed me to calculate the

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Biased ABC reporter fudges immigration data

November 21, 2018 - 11:45 -- Admin

By Leith van Onselen We’ve gotten another dose of the ABC’s pro-mass immigration bias, with Canberra Press Gallery Journalist, Jackson Gothe-Snape, spinning the lie that Australia’s population growth is not being driven by permanent migration: Population growth is driven far more by foreign students and births… Permanent migration is a sizeable component, but not quite half,

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Leading index falls again

November 21, 2018 - 10:57 -- Admin

Via Westpac: • The six month annualised growth rate in the Westpac–Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, , fell from 0.41% in September to +0.08% in October. With this latest slowdown, the Index growth rate continues to point to

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Australian unis dumbed down by foreign students

November 21, 2018 - 10:45 -- Admin

By Leith van Onselen The Australian Population Research Institute (APRI) has released a new report, entitled Australia’s higher education overseas student industry: in a precarious state, which argues that Australian universities’ heavy reliance on overseas students is crushing education standards, is oversupplying accounting, IT and engineering occupations, adding to population pressures in Sydney and Melbourne, and

Business parasites fasten to mass immigration

November 21, 2018 - 10:30 -- Admin

By Leith van Onselen Who would have guessed: the business lobby has rallied against cutting immigration because it wants access to more cheap labour and more customers: “We know that our cities are under pressure, but that’s exactly why we should double-down on getting the skills mix right, on planning [and make] a serious effort

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Surprise! Australians don’t like being stuffed into apartments

November 21, 2018 - 10:15 -- Admin

By Leith van Onselen Who would have thought: Australians don’t like being forced to cram in high-rise apartments and they are not as happy as those living in detached houses. From The AFR: Apartment living is set to play a big part in Australia’s housing future and yet those living in apartments aren’t as happy with

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Vic Labor digs immense infrastructure black hole

November 21, 2018 - 10:00 -- Admin

By Leith van Onselen The Grattan Institute’s transport program director, Marion Terrill, has ripped into the “astronomical” transport promises made in the lead-up to the Victorian Election, especially by Labor: There’s nothing unusual about politicians promising big-ticket items to curry favour with voters, but this election the size of these commitments is astronomical: more than $170 billion

Liberal Party moves to expel Turnbull

November 21, 2018 - 09:45 -- Admin

Hell hath no fury like a psychopath scorned: The Roseville branch of the Liberal Party moved last night for the expulsion of Malcolm Turnbull from the party. The motion, passed 16-2, will now go to the party’s federal electorate conference. Were it to be successful there, it would go to the party’s state council. Now

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