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Is Germany about to enter recession?

January 24, 2019 - 13:45 -- Admin

by Chris Becker One of the most closely watched economic prints on the calendar, the monthly German ZEW Survey, was released on Wednesday. The continued Brexit imbroglio is obviously weighing on the dominant European economy, as does Trump’s Jacksonian trade policies which has seen the “current condition”  factor flop to a new four year low,

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NAB hikes mortgage rates

January 24, 2019 - 13:23 -- Admin

by Chris Becker Oh it’s been a fun day so far trading Aussie dollar! First the numberwang unemployment print, now the National Australia Bank (NAB) hiking interest rates out of cycle. Bang comes down the Australian dollar: From the horse’s mouth: NAB Chief Customer Officer – Consumer Banking, Mike Baird said the decision to increase

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ABS employment in detail: Good for jobs, bad for wages

January 24, 2019 - 13:10 -- Admin

By Leith van Onselen As summarised earlier, the Australian Bureau of Statistics (ABS) today released its labour force report for December, which registered a reasonable 21,600 increase in total employment and a small fall in the headline unemployment rate to 5.0%, driven by a 0.1% fall in labour force participation. In trend terms, the unemployment

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REIA spits dummy at Labor’s negative gearing policy

January 24, 2019 - 12:50 -- Admin

By Leith van Onselen The Real Estate Institute of Australia (REIA) has dialled the wambulance in relation to Labor’s negative gearing and capital gains tax (CGT) policy, demanding it come clean about its plans: The Real Estate Institute of Australia has shot out at the Labor Party and its leader over the claims that there

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MB Fund Webinar – Stocks vs. Bonds LIVE TODAY

January 24, 2019 - 12:15 -- Admin

This week’s LIVE webinar (12:30pm AEST, Thursday 24 Jan) – we explore the prospects of global shares over the next 12 months Join MB Fund’s Head of Investments Damien Klassen and Tim Fuller as we look at: – The showdown between stocks and bonds, which will be the best performer in 2019? – What has

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Australian dollar launches on lower unemployment

January 24, 2019 - 11:54 -- Admin

by Chris Becker The ABS Numberwang is out and with a tick down in the unemployment rate, the Aussie dollar bulls are laughing at the bears! The Kiwi is higher too in sympathy: More from Leith later on the nuts and bolts of the report.

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Unemployment rate falls to 5.0%

January 24, 2019 - 11:38 -- Admin

Just in from The ABS: DECEMBER KEY POINTS TREND ESTIMATES Employment increased 23,100 to 12,711,600. Full-time employment increased 11,800 to 8,697,600 and part-time employment increased 11,200 to 4,014,000. Unemployment decreased 3,200 to 670,900. Unemployment rate remained steady at 5.0%. Participation rate remained steady at 65.6%. Monthly hours worked in all jobs increased 1.1 million hours

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Coalition to sit on banking royal commission report?

January 24, 2019 - 11:20 -- Admin

By Leith van Onselen Earlier this week, Labor’s Shadow Treasurer, Chris Bowen, wrote to Treasurer Josh Frydenberg urging him to publicly release the banking royal commission final report as soon at it is handed in to the federal government: “It is in the national interest for the Australian people and victims of banking scandals to

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Labor to re-regulate cargo shipping

January 24, 2019 - 10:40 -- Admin

By Leith van Onselen The Maritime Union of Australia’s national secretary Paddy Crumlin says Labor is likely to pursue coastal shipping reforms if it wins the 2019 federal election. He expects Labor to mandate that cargo ships operating between the nation’s ports must be Australian-flagged, with local crews who are subject to Australian conditions of

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Keynesian fiscal stimulus becomes Coalition pre-election pork

January 24, 2019 - 10:10 -- Admin

By Leith van Onselen A few weeks back, Houses & Holes asked “What kind of fiscal stimulus should Treasury be readying?”: It is highly doubtful that Recessionberg will go for anything so crude as cash dumps though Labor probably will in H2. But by then it may be too late to avoid a nasty adjustment.

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