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Population ponzi rockets as voter issue

June 19, 2018 - 00:15 -- Admin

Via Domainfax: Ipsos Public Affairs has been monitoring Victorians’ attitudes about issues for a decade, surveying 750 people each quarter. At the 2014 election, just 7 per cent of Melburnians, and 6 per cent statewide,  said they were concerned about population growth. In the most recent Ipsos survey this month, 20 per cent of respondents in

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CoreLogic leading indexes still point down

June 19, 2018 - 00:15 -- Admin

Via CoreLogic comes leading listings which are trending up” And leading mortgages which are trending down: Detailed Sydney and Melbourne auction results show an unchanged pattern with Sydney’s mortgage belt suffering and Melbourne showing more widespread but shallower pain:   Full report.

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Chinese visitor arrivals continue to boom

June 19, 2018 - 00:10 -- Admin

By Leith van Onselen The Australian Bureau of Statistics yesterday released its overseas short-term arrivals and departures figures for April, which continued to show a trend rise in the number of inbound visitors, with Chinese arrivals continuing to boom. The number of short-term visitor arrivals fell a seasonal 22.1% in April in original terms, whereas

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Frydenberg’s energy chaos intensifies

June 19, 2018 - 00:10 -- Admin

Never mind the appropriate divisions of public policy and private business. Never mind market integrity or rules. Never mind science or evidence-based policy. The Coalition energy loons are in town. We begin at the top with Josh Frydenberg and the AFR: A deal struck in late 2015 by AGL Energy under its then relatively new

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Links 19 June 2018

June 19, 2018 - 00:01 -- Admin

Global Macro / Markets / Investing: If you think your job is pointless, it probably is – WaPo (Bullshit Jobs by David Graeber) OPEC is discussing a compromise agreement to boost oil production as Iran, Venz, Iraq threaten to veto supply increase – Bloomberg Crowded trade watch: no-one likes the Swiss franc – FT Alphaville

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Macro Afternoon

June 18, 2018 - 16:30 -- Admin

Subdued trading in Asia today with Chinese stock markets closed, as Japanese did the heavy lifting, taking the poor Friday night Wall Street lead and running with it. Perhaps a holiday in China today is a good thing with the tit-for-tat trade war looming with the US, can we next get Trump’s twitter account on

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The bears are piling up for the Aussie dollar

June 18, 2018 - 14:18 -- Admin

by Chris Becker The Australian dollar opened just below 76 cents against King USD last week, but ended on Friday more than 1.5 cents (or 150 pips) lower to finish closer to the 74 handle. To put that into context, it has lost nearly 6 cents since its high on Australia Day at just over

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Coalition child: Fine unis to enforce my version of free speech

June 18, 2018 - 13:37 -- Admin

Honestly, how does this pass as serious debate: Liberal senator James Paterson has called for universities to face fines for failing to uphold free speech, claiming that financial penalties would go some way to preventing the “administrative cowardice” behind the Australian National University’s decision to scrap plans for a course in Western civilisation. As debate

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Property deals collapse as banks strip buyers “naked”

June 18, 2018 - 13:15 -- Admin

More credit crunch porn at the AFR today: Mortgage brokers and buyers agents’ claim million-dollar property sales are collapsing as increasingly risk-averse lenders reassess their exposure and pull out, causing deals to collapse. Sales between $3 million and $5 million and settlements for off-the-plan apartments – where preliminary lender offers were made two-to-four years ago

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Good news: Chinese millennials turn off Australia

June 18, 2018 - 12:44 -- Admin

Via the AFR: For Australian entrepreneur Andrea Myles, Prime Minister Malcolm Turnbull dropped what she refers to as his “Mandarin bomb” at exactly the wrong time. It was December last year, around the time Myles was recruiting participants for the third “China Australia Millennial Project”, which puts young Australian and Chinese entrepreneurs in a room

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