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Property locusts demand housing bail-out

November 26, 2018 - 00:20 -- Admin

By Leith van Onselen With property prices and transaction volumes plummeting across Sydney and Melbourne: Australia’s property industry locusts are in full panic mode and have demanded governments take immediate policy action to prevent a housing market “free fall”, including by increasing immigration, relaxing foreign buyer restrictions, stamp duty cuts, and limiting the supply of

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Melbourne auction crash intensifies

November 26, 2018 - 00:18 -- Admin

CoreLogic released its auction report yesterday, which reported another pathetically weak round of auctions, with auction clearances remaining near 2011 lows. The preliminary national auction clearance rate was just 46.9% versus 45.5% last weekend (later revised down to 42.0%). The preliminary clearance rate was also way below the 61.1% recorded in the same weekend of

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Australian dollar falls as commodities buckle

November 26, 2018 - 00:15 -- Admin

Friday night saw a strong DXY, weak EUR and CNY: The Australian dollar fell solidly against DMs: But rose against EMs: Gold eased: Oil crashed another 8%: Base metals followed: And big miners: EM stocks fell solidly: As did US and EM junk: Yet US Treasuries were not bought much: And stocks eased: It’s not

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Hodl!

November 26, 2018 - 00:09 -- Admin

It was a good time not a long time: Here’s some detail on what’s going on from a reader. Confused why Bitcoin’s price is crashing? It might have something to do with this man: Giancarlo Devasini, CEO of Bitfinex and (as revealed by the Paradise Papers) one of the people who created Tether in the

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Links 26 November 2018

November 26, 2018 - 00:01 -- Admin

Global Macro / Markets / Investing: A Demystifying Decade for Economics – JW Mason Dimming the sun: The answer to global warming? – CNN Slate Money Geeks Out on Sovereign Debt – Slate Bitcoin for payments a distant dream as usage dries up – Reuters In Oil’s Huge Drop, All Signs Say Made in the

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Weekend Chartfest, November 24-25, 2018

November 24, 2018 - 00:15 -- Admin

        Australia       Housing Finance       Australian house prices v the rest       Australian house prices to income v the rest       Sydney & Melbourne Auction Clearances       Employing Sectors       Consumer Confidence       Housing Sales and Stamp

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Weekend Reading: 24-25 November 2018

November 24, 2018 - 00:01 -- Admin

Global Macro / Markets / Investing: How Bitcoin’s Crash Compares to History’s Biggest Bubbles – Bloomberg Texas Is About to Create OPEC’s Worst Nightmare – Bloomberg Why suicide is falling around the world, and how to bring it down more – The Economist Recalculating GDP for the Facebook age – FT An electric plane with

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Macro Afternoon

November 23, 2018 - 17:30 -- Admin

A very mixed day here in Asia with Japanese markets closed and not much else happening due to the US holiday overnight, although oil prices have already retraced and Chinese shares are off due to domestic concerns via the PBOC of a slowing global economy. The Shanghai Composite is down over 2% to 2579 points going into the

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Vote 1 Sustainable Australia in tomorrow’s Victorian Election

November 23, 2018 - 14:00 -- Admin

Sustainable Australia are running in all 8 Upper House regions and in 11 Lower House seats in tomorrow’s Victorian Election. Sustainable Australia has excellent policies, which is why I am a paid-up member, as is Dick Smith. If you are a Victorian resident, please give Sustainable Australia your vote. To borrow a phrase from Don Chipp:

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Do house prices or jobs lead the cycle up and down?

November 23, 2018 - 12:30 -- Admin

Via Scott Haslem at the AFR: The housing outlook warrants significant caution. The high level of household debt remains a vulnerability, particularly in the event of an adverse shock to the economy and the potential for loan defaults and weaker consumer spending to feed back into weak activity. But Australian banks have substantially strengthened their

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