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Melburnians granted minor lockdown reprieve

September 16, 2021 - 13:20 -- Admin

Victorian Premier Dan Andrews has today announced some modest easing of restrictions for Melburnians, namely: Outdoor gatherings will be allowed. But it’ll depend on your vaccine level — those with no vaccine or one dose: limited to groups of two. Fully vaccinated: groups of five (but from two households) An increase of the radius for

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Productivity Commission backs ‘work from home’

September 16, 2021 - 13:00 -- Admin

The Productivity Commission (PC) has released research studying the impacts of ‘work from home’ (WFH), which has accelerated courtesy of the coronavirus pandemic. The PC estimates that about 40% of Australians are now working from home, compared with just 8% prior to the pandemic, and describes it as “one of the biggest changes to the

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Delta spews ABS jobs numberwang

September 16, 2021 - 12:30 -- Admin

As already reported, Australia’s unemployment rate fell 0.1% in August to 4.5% – the lowest reading since December 2008: However. total jobs fell by 146,300 to 13,022,600 people in August, with full-time jobs falling 68,000 and part-time jobs falling 78,200: The reason why the unemployment rate fell despite the heavy loss of jobs is because

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The disastrous Fortescue chart

September 16, 2021 - 12:29 -- Admin

A quick note on a few FMG points as iron ore continues to fall. Dalian today: First, what a horrible chart FMG has with an immense double top: How far FMG corrects obviously depends upon the iron ore price. My best guess is we’re going back to $60 over the next six months, with a

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MB Fund Podcast: Trump broke the Shiller P/E. Here’s our simple fix LIVE NOW

September 16, 2021 - 12:00 -- Admin

In today’s investment webinar (LIVE 12:30pm AEST), MB Fund’s Head of Investments Damien Klassen, Head of Operations Shelley George, and Senior Financial Advisor Mark Monteiro shed light on how Trump broke the Shiller P/E ratio, and how we’d suggest fixing it For many value investors, the Shiller Price/Earnings ratio is the holy grail. There are

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Globe gripped by mounting energy crisis

September 16, 2021 - 11:40 -- Admin

The globe is being gripped by a mounting energy crisis. It is being sold by Wall Street as the fruits of decarbonisation and ESG policies, to pump up a bubble. But it appears more a combination of temporary factors for both demand and supply that will take time to resolve but is not structural. The

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Australia lost 146,300 jobs in August on lockdowns

September 16, 2021 - 11:39 -- Admin

The ABS has released its August labour market survey, which reported a 146,300 decline in jobs but a 0.1% reduction in the headline unemployment rate to 4.5% off a big 0.8% fall in participation: The number of hours worked also dived by 3.7% and the underemployment rate rose by 1.0% to 9.3%. According to Bjorn

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NSW records 1351 COVID cases, 12 deaths

September 16, 2021 - 11:17 -- Admin

NSW Health has reported another 1351 locally acquired COVID cases and 12 deaths: NSW recorded 1,351 new locally acquired cases of #COVID19 in the 24 hours to 8pm last night. pic.twitter.com/oy8YFT3F2B — NSW Health (@NSWHealth) September 16, 2021 The age breakdown of the deaths are as follows: A man in his 40s A man in

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RBA passes housing affordability baton back to government

September 16, 2021 - 11:00 -- Admin

Twice over the past two days, the Reserve Bank of Australia (RBA) has pointed the finger at the federal government for Australia’s housing affordability problems. Speaking in an address to the Anika Foundation on Tuesday, governor Phil Lowe pointed to a number of public policy issues, which are the responsibility of the Government, that need

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New home sales solid post stimulus

September 16, 2021 - 10:40 -- Admin

The HIA has released new home sales data for August, which rose 5.8% over the month and continues to track at a solid level following the expiry of the HomeBuilder subsidy in March: “The strength in New Home Sales in recent months indicates that the boom in detached home building will continue to create strong

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