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Weekend Sundries: 13-14 August, 2022

August 13, 2022 - 19:49 -- Admin

  Geoff McVeigh Sunrise at North Broulee Bushy Statue at Bodalla Hotel Water tower at Sunrise, Narrandera Star Lodge at Narrandera Railway Station, Narrandera Railway Station at Narrandera II East St 151 Jonsens Buildings (built 1893) Narrandera East Street 92 to 94 (built in 1927 by Hayes and Dixon formerly Bank of NSW and Bendigo

Weekend Reading: 13-14 August 2022

August 13, 2022 - 00:01 -- Admin

Global Macro / Markets / Investing: Businesses Should Prepare For Risk Of Civil Unrest From Food Scarcity – WSJ JPMorgan Traders ‘Ripped Off’ Gold Market for Years, Jurors Told – Bloomberg The logics that drive world economies do the favor of the elites at the expense of 99% – Films for Action Low Interest Rates

Macro Afternoon

August 12, 2022 - 16:00 -- Admin

A flat end to the trading week for Asian stocks in response to the overnight hesitation on Wall Street, although Japanese shares are playing catchup after a mid-week holiday. Currency markets are still applying pressure to the USD with the Australian dollar pushing through the 71 cent level. Meanwhile oil prices are holding on to

Soaring interest rates trap Aussies in ‘mortgage prison’

August 12, 2022 - 14:00 -- Admin

Australians that leveraged up to purchase property at the peak of the market risk being trapped in ‘mortgage prison’, according to mortgage experts. They warn that the combination of rising mortgage rates and falling house prices (negative equity) will impede their ability to refinance because they will no longer meet borrower stress tests, potentially trapping

FWO launches action against university wage thieves

August 12, 2022 - 13:30 -- Admin

The Fair Work Ombudsman (FWO has launched Federal Court action against the University of Melbourne, alleging that it engaged in unlawful adverse action against two casual academics. They had been engaged by the university on a series of short-term casual teaching contracts over a number of years, with their contracts setting out ‘anticipated hours’. However,

Property Council cries as working from home takes over

August 12, 2022 - 13:00 -- Admin

The Property Council has labelled Melbourne’s return-to-office rate as “shameful”, crying for empty office buildings to be filled: Damning new figures from the Property Council of Australia, obtained exclusively by the Herald Sun, shows the city’s rebuild has taken a hit, with office occupancy levels in July well less than half of the pre-Covid baseline

Bears are now contrarian!

August 12, 2022 - 11:30 -- Admin

The equity market has now gotten so excited with its manic reflation that it is recreating the Fed’s inflation problem. Good job! The Market Ear has more on the wild sentiment swings. That went fast: being bearish is now finally contrarian In mid June we ran a series of thematic emails (premium subs only, sign