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Australian unemplyment rises

November 14, 2019 - 11:31 -- Admin

Via the ABS: OCTOBER KEY FIGURES Sep 19 Oct 19 Sep 19 to Oct 19 Oct 18 to Oct 19 Trend Employed people (‘000) 12,923.4 12,935.7 12.3 2.1% Unemployed people (‘000) 720.6 722.4 1.8 6.4% Unemployment rate (%) 5.3 5.3 0.0 pts 0.2 pts Underemployment rate (%) 8.5 8.5 0.0 pts 0.2 pts Participation rate

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Sydney water storages face “day zero” as migrants flood in

November 14, 2019 - 11:20 -- Admin

Sydney’s water storages are plumetting at a faster rate than was experienced during the 2000s Millennial Drought, which was said to be the worst drought in Australia’s recorded history: This has authorities concerned that Sydney could soon face “day zero” – a time when the city runs out of drinking water: Sydney’s water storage levels

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Victorian productivity parasite bleeds nation

November 14, 2019 - 11:00 -- Admin

Check out the below chart from yesterday’s June quarter wage data from the ABS: As you can see, Victoria is way out in front on wage growth, recording wage rises of 2.8% over the year to September. Now check out the next chart showing wage growth across Australia’s various public sectors: As you can see,

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Foghorn: RBA doesn’t want to do QE

November 14, 2019 - 10:45 -- Admin

Via RBA sock puppet, Terry McCrann: Everyone seems to expect and many indeed lust for the Reserve Bank to embark on quantitative easing — printing money, but not for you but for the top end of town — except the only guys, non-gender specific, that matter. Those in the building at the top of Martin

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The mass immigration economy does not do wages growth

November 14, 2019 - 10:30 -- Admin

If the definition of insanity is doing the same thing over and again and expecting a different result, then Aussie economists are bonkers, at Domain: BIS Oxford chief economist Sarah Hunter said the wage figures were dismal, adding they meant the RBA would have to take official interest rates down to 0.5 per cent next

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MB Fund Podcast: Untangling Australia’s Energy Market 12:30PM TODAY

November 14, 2019 - 10:20 -- Admin

In today’s webinar (12:30 pm AEST, Thursday 14th December), hear from MB Fund’s Head of Investment Damien Klassen, Tim Fuller and expert energy analyst David Leitch as they “Untangle Australia’s Energy Market.” Topics this week include the death of Coal, the potential of renewables to take over Australian energy, which energy-based stocks have potential, the

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Nomura: Bond puke over

November 14, 2019 - 10:15 -- Admin

Via Zero Hedge comes CTA wizard Charlie McElligott of Nomura: Nomura’s Charlie McElligott who echoed what we said on Saturday, writing that “the Treasury selloff feels “tactically tired,” with positioning now well-cleansed (massive duration sale from leveraged funds in the last reporting period, plus short-term CTA model now-having established their “short” TY and ED$ positions

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Whoa! Roy Morgan unemployment dives to 7.8%

November 14, 2019 - 10:00 -- Admin

The latest Roy Morgan Research (RMR) unemployment estimate for October showed strong improvement, falling by 0.9% over the month to 7.8%: Over the year, unemployment fell by 1.6%. Underemployment has also fallen by 0.3% over the past year to 8.9%, with labour underutilisation tracking at 16.7% (down from 1.9% from a year ago): Below are

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Beware peddlers of Armageddon

November 14, 2019 - 09:40 -- Admin

Via FTAlphaville: In the summer of 2018, Alphaville observed that there seemed to be a paradoxical bull market in being bearish. Since the financial crisis and the ensuing rise to fame of the investors who called — and profited significantly from — it (Bass, Burry, Eisman, Paulson, Gross et al.) there have been almost constant calls for

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