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Australian dollar sags with wages shocker

November 13, 2019 - 14:48 -- Admin

The Australian dollar is under pressure again this afternoon after today’s wages shocker: Bonds are bid a little but not as much as they should be: XJO is down with S&P futures but the still looks very bullish Dalian us trying but so far failing to rally: Big Iron is down again: Big Gas is

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Adios housing affordability

November 13, 2019 - 14:15 -- Admin

CoreLogic has released housing affordability data, which shows that affordability peaked in the June quarter of 2019: However, that was as good as it will get given the recent surge in values, especially across Sydney and Melbourne: According to CoreLogic: CoreLogic’s head of research, Tim Lawless, said the return of the “fear of missing out”

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The downfall of Murdoch University

November 13, 2019 - 13:40 -- Admin

With Murdoch University under siege over its poor handling of international student enrolments and its lawsuit against whistle-blower Dr Gerd Schroeder-Turk, an enterprising individual going by the avatar of Murdoch Maven has published the above hilarious parody: “Murdoch Downfall”. Warning: the subtitles contain explicit language. Enjoy!

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Older Australians hog family friendly homes

November 13, 2019 - 13:20 -- Admin

Australian Housing and Urban Research Institute (AHURI) has released new research claiming that older empty-nesters are clinging to their larger family-friendly homes. The AHURI also recommends a wide range of tax reforms to encourage seniors to downsize: “They like to stay where they’re familiar,” said lead researcher Associate Professor Stephen Whelan from the University of

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New plan to flood Australia with ‘low-skilled’ Indian workers

November 13, 2019 - 13:00 -- Admin

Australia is littered with examples of so-called ‘skilled’ migrants gaining visas only to then work in unskilled areas for low pay (e.g. here, here and here). Now, a sinister plan is being hatched to flood Australia with Indian workers to fill imaginary skills shortages: An Indian strategy to boost economic ties with Australia will recommend

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NSW Planning Minister attacks community for opposing crush-loading

November 13, 2019 - 12:40 -- Admin

NSW Planning Minister has attacked so-called NIMBY baby boomers for opposing high-rise development across Sydney: Baby Boomers are primarily responsible for hostility toward housing growth and density, Planning Minister Rob Stokes says, accusing the generation of being the drivers of so-called NIMBYism… Speaking to developers, planning bureaucrats and community leaders, Mr Stokes said growth had

Big Australia lobbyists: Aussies don’t want to live in houses

November 13, 2019 - 12:20 -- Admin

‘Big Australia’ mass immigration shills claim that Australians no longer want to live in a detached house with a backyard, and are instead choosing high density living and renting: Danni Hunter, Victorian chief executive of the Urban Development Institute of Australia… said density would “grow stronger … and that’s really good for the diversity of

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Australian wage growth plummets

November 13, 2019 - 12:00 -- Admin

The Australian Bureau of Statistics (ABS) has just released its Labor Price Index for the September quarter of 2019, which revealed falling wage growth: According to the ABS, wages grew by just 0.53% (both s.a. and trend) in the September quarter. Private sector wages grew by 0.53% (both s.a. and trend) over the quarter, whereas

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UBS: 2020 global growth to be weak again

November 13, 2019 - 11:40 -- Admin

Via UBS: We expect a recovery in 2020 but a much weaker one than consensus Things will get worse before they get better. Assuming any Phase One US-China deal is limited (no tariff roll-back), the existing tariffs should continue to work their way into the data and create an air-pocket in US growth in H1-20`

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How far can equities run?

November 13, 2019 - 11:20 -- Admin

The BoAML fundie survey is out, via AFR: “The bulls are back,” said Michael Hartnett, chief investment strategist at the bank. “Investors are experiencing FOMO – the fear of missing out – which has prompted a wave of optimism and jump in exposure to equities and cyclicals.” The survey found that investors are adding risk:

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