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Can Rudd Bank 2.0 save developers from crunched credit?

November 21, 2018 - 00:20 -- Admin

Via The Urban Developer: In residential property, the law of unintended consequences is hurting a significant number of property developers, driving some businesses to a grinding halt and others to the brink of failure. There’s a combination of factors at work here creating a perfect storm for developers: APRA’s Macro-Prudential Lending Guidelines The requirements of

The post Can Rudd Bank 2.0 save developers from crunched credit? appeared first on MacroBusiness.

Ponzi Pallas’ ratwheel economy spins furiously while going backwards

November 21, 2018 - 00:15 -- Admin

By Leith van Onselen Late last week, Tim Colebatch wrote a nice dissection of Victoria’s economy, which is powering along due to unprecedented population growth: But both the infrastructure boom and the economic boom reflect the defining reality of Victoria now. The state’s population is growing at an unprecedented pace, mostly from overseas migration. And that

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As Victoria booms, Victorians go bust!

November 21, 2018 - 00:15 -- Admin

By Leith van Onselen Late last week, Tim Colebatch wrote a nice dissection of Victoria’s economy, which is powering along due to unprecedented population growth: But both the infrastructure boom and the economic boom reflect the defining reality of Victoria now. The state’s population is growing at an unprecedented pace, mostly from overseas migration. And that

The post As Victoria booms, Victorians go bust! appeared first on MacroBusiness.

HIA bawls at tiny immigration cut

November 21, 2018 - 00:10 -- Admin

By Leith van Onselen In the wake of last night’s token announced cut to immigration by Prime Minister Scott Morrison, the HIA has spat the dummy: “The economic growth over the past decade has been built on the back of strong growth in skilled migration. “This population growth has led to a boom in residential

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Maldives reverses out of China hegemony

November 21, 2018 - 00:05 -- Admin

Here’s a taste of what it’s like, via Bloomie: The Maldives is reportedly planning to pull out of a free trade agreement with China as the island nation moves closer to India and the West after Ibrahim Mohamed Solih won the presidency in a September election…As he took office Saturday, Solih declared that large-scale corruption

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Links 21 November 2018

November 21, 2018 - 00:01 -- Admin

Global Macro / Markets / Investing: Bitcoin Tumbles Toward $5,000 – Bloomberg The five most important tech stocks are getting slaughtered with each down more than 20% from highs – CNBC With Facebook at ‘War,’ Zuckerberg Adopts More Aggressive Style – WSJ S&P 500 buybacks set another quarterly record: S&P Dow Jones – Reuters Here’s

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Macro Afternoon

November 20, 2018 - 16:57 -- Admin

Following the rout in tech stocks in the US overnight, Asian bourses have fallen throughout the session as risk appetite dissapates. Governor Kuroda at the BOJ has ruled out any further easing of its negative interest rate policy which kept Yen relatively stable while the Aussie dollar fell on the latest RBA minutes. The Shanghai Composite is

The post Macro Afternoon appeared first on MacroBusiness.

China spits APEC dummy again

November 20, 2018 - 14:39 -- Admin

Via the AFR: China has accused the United States of spoiling the Asia-Pacific Economic Cooperation (APEC) leaders summit by attending with “great anger”. However, it says it will not oppose Australia’s partnership with the US to redevelop Papua New Guina’s naval base at Manus Island. Reiterating calls by Chinese leaders for Australia and other countries

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Big Four consultancies milking taxpayers for billions

November 20, 2018 - 13:15 -- Admin

By Leith van Onselen In February this year, a former Department of Defence and Business Council of Australia boss labelled the federal government’s consultancy spend “stupendous” and claimed that much of the $130 billion in federal government external spending should have been carried out by permanent public servants. And in August, the Joint Committee of

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