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Macro Afternoon

February 13, 2019 - 17:30 -- Admin

Another solid day on stock markets across Asia following the moves higher on Wall Street overnight with Chinese stocks leading the way as expectations for the US/China trade deal become more positive. The Australian dollar launched on the sentiment survey while the Yuan remained firm against USD. The Shanghai Composite closed nearly 2% higher, making big

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Young Libs demand return of Malcolm Turnbull

February 13, 2019 - 14:32 -- Admin

It just gets more and more weird with each passing minute, via The Australian: The Young Liberals have launched a revolt against their senior Canberra counterparts, savaging the federal government’s “big stick” intervention in the electricity sector and calling for the resurrection of the national energy guarantee. The Young Liberals, who claim to be the

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Should I buy property now?

February 13, 2019 - 13:45 -- Admin

Via Martin North: In short, no, although I never argue that owner occupiers try to time the market. It causes too much agonising.

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Labor’s Daley jams immigration magic pudding down Sydney’s throat

February 13, 2019 - 13:15 -- Admin

By Leith van Onselen NSW Labor Leader, Michael Daley, has launched another hypocritical attack over the rampant over-development across Sydney: Opposition leader Michael Daley on Tuesday seized on growing concerns about overdevelopment and said a Labor government would stop developers from bypassing councils… “That is not how you plan a growing city. I don’t want a

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Is Australia’s housing bust spreading to New Zealand?

February 13, 2019 - 13:00 -- Admin

By Leith van Onselen The property downturn appears to be spreading into New Zealand, with the latest valuation data from Quotable Value revealing that average residential property values in Auckland were almost 1% lower year-on-year in January, whereas the rate of price growth has also declined sharply across the rest of New Zealand: The latest RBNZ Survey

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The case for cutting taxes fails ‘economics 101’

February 13, 2019 - 12:30 -- Admin

By Leith van Onselen The Australian Institute’s chief economist, Richard Denniss, has questioned the obsession with cutting taxes, especially for the wealthy, claiming it fails economics 101. From The Guardian: Bill Shorten’s ALP are promising to close tax loopholes, collect tens of billions of dollars in additional revenue and spend tens of billions of dollars

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Emergency! Scummo reopens empty Christmas Island

February 13, 2019 - 12:26 -- Admin

Why wait until there’s a crisis when you can just make one up! Via the AFR: The Morrison government has beefed up its border protection measures and will reopen the Christmas Island detention centre in anticipation of what it claims will be a resumption of the people smuggling trade. Prime Minister Scott Morrison made the

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Australian dollar jumps as housing bust over!

February 13, 2019 - 12:19 -- Admin

The Australian dollar has popped a little this morning after news that the housing bust is over with consumer sentiment just fine: Bonds are getting hosed: Stocks missed the memo: Dalian is weak at the open: Big Iron powers on, especially poor quality dirt: I wonder when the blood-sucking gas cartel will price Labor? Big

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