Links 15 February 2018

Global Macro / Markets / Investing:







  1. Shortage of affordable houses continues, warns BNM (Malaysia Central Bank) | Free Malaysia Today

    KUALA LUMPUR: Malaysia faces a shortage of affordable houses for the masses, Bank Negara Malaysia (BNM) warned today.

    In a report, it also disclosed data showing houses in the country were “seriously unaffordable” in 2016 by international standards.

    The central bank outlined five strategies to overcome the issue. … read more via hyperlink above …

    Unsold homes in Malaysia rise to decade high in 2017 – … Reuters

    KUALA LUMPUR, Feb 14 (Reuters) – Unsold residential properties in Malaysia rose to their highest in a decade last year as lofty prices and a lack of affordable housing dampened purchases, the country’s central bank said. … read more via hyperlink above …

    List of countries by GDP (PPP) per capita – Wikipedia

  2. Slip out the back Jack
    Blow your load in a staffer
    Just set your seed free Bee
    There must be 50 years
    To be an ahole…

  3. I have been wondering what has brought on the change RE the rising of target interest rates to more historical y normal levels and unwinding QE program.

    I feel that its not being done willingly. Is the game about countering the rise if China.

    The end of USD preeminence would put pay to US empire the stakes are very high and much volatility ahead.

    • “By saving aggressively and investing aggressively in exchange-traded funds, I plan to have $1,000,000 by the time I am 35. This will produce an income of about $40,000 per year for the rest of my life”

      The poor bastard doesn’t know what is about to hit him. I once knew someone who attempted that. They had a get-out clause (hurry curry when money runs out). Thanks to the GFC they checked out a lot sooner than they anticipated at age 41.

  4. #StateCapture

    The federal ICAC of South Africa takes action and raids the Guptas. Jacob Zuma to be knifed by his party.

    Here is the shocking article linked by MacroBusiness in Nov 2017:

    Ajay Gupta, the eldest of three brothers atop the family, was direct: Nene was becoming a problem. He explained that Jonas would soon replace Nene as finance minister and, in that capacity, would remove some senior officials who were also standing in the family’s way. Gupta spoke in the future tense, presenting Jonas’s appointment as a fait accompli.

    Jonas was staggered. The Guptas have no governmental role, and ministers serve solely at the discretion of the president, Jacob Zuma. Jonas said as much and made his way toward the door. As he did, Jonas would later tell investigators, Gupta said his family could put 600 million rand, or about $43 million, into an account of Jonas’s choice.

    Just over six weeks later, on Dec. 9, 2015, Nene was leaving

  5. Domain reports this Monday, February 19. But obviously information about its accounts is leaky cos
    today it is down to $2.86. It was supposed to report total revenue growth of 13% for the December half,
    with digital revenue tipped to grow 22%.(those were astronomical forecasts)
    Much investment in Domain was leveraged. Right now the lenders will be asking about the margin on those loans. Could wipe out a fair few of the faux melb-sydney elite. The stock has been listed for 4 months only.
    Domain has 574,870,366 issued shares, thus each 1c fall in the price dissolves $5,748,703 of company value.
    Remember when Fair facts told us Mr Musk was burning capital so fast he would not survive,
    Well the boots on the other foot now, These guys are burning $20 mill a day. WOW.
    they are headed the same direction as Myer, Fletcher Billabong etc

      • er that was for faux elite, not elite. I dont think they have any domain, last i heard they owned all the car parks in melb and central vic sheep stations
        Me, if I could get a short position in domain I would back up the truck, its down a dollar since listing,
        574 million dollars dissolved away. And plenty more to go.

      • “for faux elite, not élite” haha v good. How’s Coolin’ in the Gatta mate? Billabong store still open?

      • Mate all is good
        Have finished design work on the surfing thingy
        have near finished the design for the iconic item of apparel,whihc will be the public visible branding, just have to sort out fabric specs etc, but this is dead easy compared to the former,
        Up to Pacific fair today to look at some LV items for hints. WW

    • Good work and good news
      Look at those waves near Byron.
      There is going to be some faux elite come back to earth like the center core of the Falcon Heavy.

    • Gotta love the succession of “key words” in that URL:
      news – insights

      kinda reads like a mangled haiku 😀

    • Yikes. Didnt take long for things to turn to poo after the Chinese money flow was stopped. Maybe Australia isnt that special after all.

  6. Per Corelogic as of today quarterly nominal house price growth in Melbourne stands at 0.00% (real house price is obviously lower). On current trajectory, less than -1.0% by the end of March. Takes a very long time for house prices to double at that growth rate.

  7. TheRedEconomistMEMBER

    Interesting goings on here in the Hills District

    Council has told Developers that they don’t want small dogs boxes built nor overdevelopment. Council want greater setback, bigger floor space ratio’s and more open spaces.

    Local owners in the precinct are also crying wolf, complaining that they cannot make off like bandits by selling to Developer for millions, whilst other locals are left with congested infrastructure.

    Mirvac and GC Group have pulled the pin and are blaming council. The local paper is portraying Council as the bad guys.

    Council, in my opinion have done the right thing