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Macro Afternoon

June 26, 2017 - 16:31 -- Admin

by Chris Becker As we head into a more fruitful week in the economic calendar, Asian markets are seeing more risk takers with most stock markets putting in positive sessions and domestic currencies also higher. The oil price is helping here, as are other commodities going into the European open. In mainland China the Shanghai

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‘Netflix tax’ comes into effect this week

June 26, 2017 - 13:53 -- Admin

From The New Daily: Australian subscribers to Netflix will pay up to 10 per cent more for the streaming service by the end of the week. From July 1, the 10 per cent goods and services tax (GST) will be applied for the first time to digital products and services purchased in Australia from overseas companies. Netflix confirmed to

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Loon frenzy overtakes Coalition

June 26, 2017 - 13:36 -- Admin

From Domainfax: An inner-city cocktail bar named after one of the poncier fruits – the cherry – is exactly the kind of place you would expect left-wing government schemers to hatch a plot to legislate gay marriage. And indeed, it was at the Cherry Bar in Sydney’s Star Casino that government minister Christopher Pyne was

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ASX dead cat whimpers

June 26, 2017 - 12:58 -- Admin

A little bid in Dalian today: Big iron too: And Big Gas: Big Gold down a bit: Big Bubble mostly down too: And Big Liar continues to reach for the stars anyway: Because Australia is different.

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Falling home ownership creates ageing time bomb

June 26, 2017 - 12:43 -- Admin

By Leith van Onselen The Grattan Institute’s John Daley last week gave a presentation to the Council of The Ageing conference on Housing for Senior Australians, whereby he noted that senior Australians generally face less housing pressures than younger Australians, but that the situation is likely to deteriorate from the 2030s due to falling home

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Iron ore to keep Australian dollar high

June 26, 2017 - 12:39 -- Admin

From UBS: Is the recent retracement in iron ore bearish for the AUD? No, though further falls would be worrisome. While market woes over a slowdown in China growth appear to have receded somewhat over the past month, iron ore remains fairly depressed at ~$56/t vs. $86/t in Q1-17. However, few believed that iron ore

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States investigating online gambling taxes

June 26, 2017 - 12:19 -- Admin

By Leith van Onselen In last week’s State Budget, the South Australian Government implemented a new tax on betting companies in a bid to raise $9.2 million in additional revenue a year. The ABC explains: The State Government will introduce a so-called “place of consumption” tax of 15 per cent on the net wagering revenue

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Inner-West residents revolt at Sydney population ponzi

June 26, 2017 - 10:30 -- Admin

By Leith van Onselen Remember the below chart showing the immigration-fueled population explosion that is projected to take place across Sydney over the next 20 years, increasing the city’s population by an insane 1.74 million people – the equivalent to adding a Perth to Sydney’s population? And remember this chart showing that almost all of

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It’s time to cap politicians’ and bureaucrats’ pay

June 26, 2017 - 09:59 -- Admin

By Leith van Onselen In the wake of the latest wave of pay rises received by federal politicians and senior bureaucrats, The Australian’s Adam Creighton has called for pay caps to be implemented that limits their pay to a certain multiple of average earnings: Australian politicians and public servants are paid well, more than double

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Fake Left wrings hands about wages. Ignores immigration

June 26, 2017 - 09:43 -- Admin

By Leith van Onselen Former federal treasurer, Wayne Swan, is concerned that Australia’s middle class risks going the way of America’s and claims the Labor Party and the union movement need to better argue the case for improved wages for middle-class workers. From The AFR: “If we cannot make the economic case that good wages

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