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Bubbles Kohler exposed

June 2, 2015 - 09:04 -- Admin

By Leith van Onselen Dad’s Army’s  Alan Kohler really doesn’t seem to give a stuff about Australia’s youth. In September last year, he gave an extraordinary video interview whereby he cheered on Australian house prices and effectively told first home buyers to eat shit. While there were many disgraceful quotes in that interview, these ones

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Macro Morning (ISM power)

June 2, 2015 - 08:07 -- Admin

By Chris Becker A solid ISM Manufacturing print gave the US Dollar and US markets a small bounce overnight, but the Greek debt situation continues to weigh in Europe, where the Troika yet again met in secret to discuss the once-sovereign state’s future as a rolling series of debt payments begins this Friday. Recapping Asia’s

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Abbott captain calls Sydney bubble higher

June 2, 2015 - 04:34 -- Admin

It is quite clear that Australian financial regulators have made a group decision to jawbone the Hell out of the housing market to help the RBA keep a lid on prices while cutting rates to lower the dollar. In recent weeks the heads of the RBA, ASIC, APRA and Treasury have all issued very blunt warnings to overheated

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Abbott polls stuck in the mud

June 2, 2015 - 04:04 -- Admin

It’s polling day and the news for the Abbott Government is not especially good. Newspoll has the Government clawing back one point on two party preferred but it is basically going sideways in a losing position: Shorten’s support is slipping but is still very high for an opposition leader. Roy Morgan is out too and

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D&B business expectations hit “brick wall”

June 2, 2015 - 00:38 -- Admin

As I’ve said many times the Dun and Bradstreet Business Expectations survey is more a real time indicator than a leading index but it ain’t travelling well either way: That’s your roll over right there. What is most unsettling is that this is a services indicator so is supposed to be where the uplift is going to come from. The Kouk

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RBA commodity price index keeps on falling

June 2, 2015 - 00:10 -- Admin

By Leith van Onselen The RBA has released its commodity price index for May, which registered another 1.6% fall in SDR (currency weighted) terms – the key determinant of the terms-of-trade – and a 2.1% fall in Australian dollar terms: Preliminary estimates for May indicate that the index declined by 1.6 per cent (on a

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Twiggy shifts inquiry campaign to WA

June 2, 2015 - 00:05 -- Admin

From the AFR: After failing to convince the Abbott government to run an inquiry into the iron ore market, Fortescue Metals Group is understood to be quietly agitating for Plan B  – an inquiry in the West Australian Parliament. Premier Colin Barnett is opposed to a parliamentary inquiry into the iron ore market, and while

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Oil and gas majors demand carbon pricing

June 2, 2015 - 00:04 -- Admin

From LNGworldnews: Major oil and gas companies, BG Group, BP, Eni, Royal Dutch Shell, Statoil and Total sent a call to the governments around the world and to the United Nations Framework Convention on Climate Change, to introduce carbon pricing systems. The companies urge the governments to create clear, stable, ambitious policy frameworks that could eventually

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Daily iron ore price update (port plunge)

June 2, 2015 - 00:03 -- Admin

Here are the iron ore price charts for May 1, 2015: Spot has not updated owing to the Singapore market being closed. If Dalian is any guide it’ll be a sharp jump higher tomorrow. The Chinese futures jumped to 436 yesterday and 441 overnight. Singapore swaps are still more sober. Rebar is still dying. Chinese

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Daily LNG price update (India loves USA)

June 2, 2015 - 00:03 -- Admin

The Brent oil price eased a little last night as we approach the OPEC meeting. Going in, Saudi appears relaxed, from Reuters: Saudi Arabia’s oil minister Ali al-Naimi said on Monday he expects oil demand to pick up in the second half of 2015 while supply decreases, in a sign that the Saudi strategy of

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