Spruikbot Telephunken U-47 boom!

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I am pleased to announce that MB Industries has completely sold out of Spruikbot Telephunken U-47s. Indeed, demand has been so strong that MB Industries has recently shifted its manufacturing plant to China where productivity improvements will allow us to triple output at the same cost.

We are, therefore, open to new orders. Check out the catalogue below:

I can neither confirm nor deny the deployment of recent sales but let’s just say that the U-47 is delivering exceptional results across the media as the share market meltdown and China hard landing merges into an incipient property market boom:

Colliers, which has sold about 4500 new apartments this year, expects the longer-term effect of sharemarket gyrations will be a flight to bricks and mortar as investors seek stability.

If the housing market did slow, it still would be a very robust market, Mr Chittenden said.

He said that given the hot inner-city markets in Sydney and Melbourne, property investors may shift to other areas that had not seen the same price rises, such as western Sydney.

AMP Capital chief economist Shane Oliver said the 1987 stockmarket crash had largely sparked the property boom of 1988-89.

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It appears spruikbots are now in charge of the editing media as well. Oliver went on at the AFR:

“The common story after every sharemarket fall is a move to property, refer to 1987 and the property market rise in 1988-89. It is not that simple these days. There is no more yield in property, residential is about 3 per cent, back then it was 8 per cent,” he said.

“And back then the market wasn’t as strong and now it’s bubbling.”

“I’m sceptical people will go to property.”

Robots familiar with the company say that a float of MB Industries is being actively considered.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.