Weekend Chartfest 21-22 July, 2018







If the Next 25 Years are like the last 25



The Descent from the RE Peak



Sydney & Melbourne, Prices and Time on Market



Sydney Auction Clearance Rates



Mortgage Rates



Regional Australia Proportional Real Estate Sales Loss or Gain



Australian Population Growth & Dwelling Construction



Australian Population Growth



Australian Population Growth Comparison



Australia Short Term Arrivals



Best Performing Super Funds



Selected Other Super Funds



Australian Value Added by sector and Employment by Sector….(what value is it adding?)


Australian Oil & Gas Exports and Resource Rent Taxes



Australian Resources & Energy Exports

The Great Australian Electricity Gouge



The Great Australian Self Applied Gas Ream



Victorian Construction



Australian Employment for Part Time Females between 15 & 24 




United States – Americas

United States – Employees & Corporate Profits



United States CPI, Wages & Fed Rate



America’s Earning Poverty Wages



United States Female & Male Prime Working Age Participation



Foreign Students in the US



Spending on Travel in the US



United States Coal Production



United States Electricity Generation



United States Energy Consumption & Source



United States – Wind Capacity Additions and Cost Per Kw



United States – Net Inflows



Canada Legume Exports



United States – Opioid Users and Prisoners (note Australia running for both)




China – Asia



Asia – Cumulative Flows and External Surplus



Asia – Selected Cities and Projected GDP Growth



China – Net International Investment Position



China Banks Credit Growth



China Debt to GDP



China FDI by Type



China Foreign Debt



China GDP



China High Speed Rail



China Infrastructure Spending



China Internet Users



China Land Investment (or is it speculation?)



China Smartphone Exports



China Taxes



China – United States GDP Real Growth



Pakistan Rupee



Xi Jinping Headlines in Peoples Daily



China Leaders and Headlines in Peoples Daily







Ireland Construction



Europe Construction



Germany France & Italy Over 65s to Under 15s



Eurozone Selected Nations GDP



Eurozone Inflation



Irish services exports to United Kingdom



United Kingdom – Employment & Unemployment





Chilean Copper



China Diesel Displacement



China Iron Ore Imports



China Steel Exports



Largest Global Natural Gas Reserves (……..so why is Australia selling its as a loss leader on global markets, foregoing Taxation from doing so, and reaming itself with gas powered electricity?)



Top Crude Producers



OPEC Crude Supply



Russia Crude Destinations



Seaborne Crude Exports – Selected OPEC



Spot Silver Price



United States – Selected Energy Exports



United States Crude Exports




Capital Markets



China Financing



China Yuan



Global Debt Dyamic



Emerging Market Debt



Global Sector Indebtedness



Monetary Regimes & Long Term Rates




Global Macro



Global Imbalances



Major Global Current Account



FDI to Africa – China & United States



Income Growth Distribution in Post WW2 Expansions



Income Inequality – Selected States/Regions



Evaded Taxes by Decile and the 1%



LatAm Exports to China & India



LatAm Imports from China & India



G6 – Central Bank Balances & National Debt



GM Car Sales



OECD Unemployment



Global Recorded Music Revenues



Renewable Energy by Region



United States E-Commerce Sales 2018



US – China Trade – Selected Third Parties Affected by Tariffs




…and furthermore…



Mental Health & Substance Abuse



Brands and the Ultimate Owner



GHG Emissions Flow Chart



CO2 Emissions



Global Emissions



Critical Minerals



Periodic Table – Date & Nation of Discovery



The Global Edible Insect Market



Early Hominids



The Longest Long Hauls



United States – Household Without a TV



Would you be Better Off as a Goat Herder in the Sahel?…

Latest posts by Gunnamatta (see all)


  1. Gunna
    Good work
    How about the chart on brand ownership
    and the periodic table info. thanks

    • GunnamattaMEMBER

      I thought the Brand ownership chart a classic. Goes to the core of the facade of market competition we are mired in

      • im new to understanding the value of brands
        one of my Strayan companies has a brand value of 30 to 90 mill, which I had mostly as good will
        However when I looked at how billabong established their brand then lost it, at 1 stage writing it down in value by over a billion, and then lost the company, i have put a significant effort into the branding for this surfing thingy
        looks so far, that just the branding value for it, alone, will run to over 5 bill.
        like I said a whole new area of commerce for me.
        Look at the value of the branding for amazon for example.HUGE

  2. Gina has a problem, how about the charts on steel, how about this back of the envelope figuring.
    Gina says she has to repay $7000 million AUD for the Roy Hill project
    Roy Hill- Annual production 60million tonnes
    Life of mine and mine economics say 10 years
    Tonnage available to levy a profit say 600 million tonnes
    Revenue per tonne required at the above nos $11.70
    EBIT per tonne say therefore $22.00.
    I think her outgoings exceed her income
    Thus her upkeep becomes her downfall.
    How many more are in the same situation??

    • bolstroodMEMBER

      So Gina is chewing thru our national IO resources to go broke ?
      That’s ausssie know how for you.

      • Those are coarse figures
        but if you really ran the ruler over it
        you would find
        her margins are slimmer than she is.

  3. @Gunnamatta

    This page is a right pain to load, a complete waste of time, and breathes your glass half full socialism – it is a complete waste of time, yours more than anyones.

    But can I really take it from the Business Insider chart that about half of Australia’s stellar jobs growth is women working part time between 15 and 24? This site and this country has completely lost it .

    • fitzroyMEMBER

      As do I. I appreciate all the hard work that goes into compiling the page and the insights it gives.

    • Have you got any positions in the rest of the nuclear space? I own Bannerman, Deep Yellow and Cancel. The uranium market really seems to be tightening with increasing shut downs. It looks like McArthur River might go into care and maintenance of the price doesn’t recover soon.

      • I also own a small slice of Cameco. But my SLX position is much larger now, after my recent buying spree. I generally prefer low cost-base businesses (like SLX is now) to capital intensive and low-margin businesses like miners.

        SLX does not seem to have run out of sellers yet, even after Global X’s exit. Or did the selling pressure in the last 2 sessions come from profit taking?

  4. TailorTrashMEMBER

    Surprised straya not even on the gas reserves chart
    Wonder how many years before this valuable and strategic resource is sucked dry from the country .

  5. Question about the real median house price since peak for each capital city.
    When was the peak ? Is is different for each city ?

    Thanks for the charts.

    • GunnamattaMEMBER

      Yeah, different for each city. The peak isnt in for all yet, i understand Hobart is still going up (or may be). Geelong would be too

      Sorry i was out all day yesterday.

  6. seanraceMEMBER

    What are people’s thoughts on the clearance rate for sydney and Melbourne this weekend?

  7. United States Electricity Generation needs to go back to 2007, before shale oil commercialisation.

  8. The Income Growth Distribution in Post WW2 Expansions chart is my pick. Inequality laid bare and the cause of such wide frustration and anger. “Tis better to have loved and lost than never to have loved at all” say the poets but give people the notion of opportunity and equality and then go about refeudalisation everyone and you are going to get some fugly backlash.

    • GunnamattaMEMBER

      Exactly. What is the point of economic expansion if quality of life is going backwards for the bulk of the population? What is the point of being competitive or educated (in a work sense) or efficient? Simply to stave off the rate of descent?

      I dont think it will be Sanders (although i dont mind his ideas) but i think we will find the next US messiah will be fairly left wing and i dont think the Democrats will ever return to power without delivering for the US working and marginal classes again. Over the course of post Reagan they served up Clinton and Obama which may have have provided some progressive touches here and there but were nothing compared to Johnson Kennedy, Truman, Roosevelt.

    • From WWII came people like W Edwards Deming and modern business management principles and philosophy, where by those exposed to the military way of doing business moved ahead of those who benefited from the freedom by sitting on their hands.
      since then corporate management has moved ahead whilst the remainder have goofed off, and are now sitting by the side of the highway wondering what happened. Looking for a UBI as their solace.
      Was it potus Kennedy who said some have no idea of what is going on (so just pass them by)

      • Carroll Bryant:“Some people make things happen.
        Some people watch things happen.
        And then there are those who wonder, ‘What the hell just happened?”
        RFK 1960 “I’m not running a popularity contest. It doesn’t matter if people like me or not. Jack can be nice to them. I don’t try to antagonize people, but somebody has to be able to say no.
        If people are not getting off their behinds, how do you say that nicely?”

      • A bit off the mark there old chap. It was he full employment policies of the post WWII governments and the fact that labour had a voice and influence that gave those temporally fortunate kiddies their chances. Check out Blyth, Hudson and Per Capita.

        People will always have, or create opportunities. Those opportunities are very much based on the world around them. Nick Hauer is refreshingly honest about this. He is a billionaire due to having his skills AND having opportunity. There are probably kids smarter than him hustling in a village somewhere that don’t have that. He’s lucky, not special.


  9. FS, wrong
    Straya the lucky country land of opportunity
    so what happened for most. ???? Pissed it into the wind
    remember the wealthy will not support the poor.

    • GunnamattaMEMBER

      They will if their sources of wealth reflect either harnessing budget outlays or government policy, because if they dont then it becomes a matter of changing government policy and outlays until they do.

      If they are economically competitive they can do pretty much as they like, but Australia has no economically competitive businesses or industries apart from those digging the national bequest out of the ground, and licenced to do so by the people of Australia, or , or by growing things on top of land held under property right bestowed by Australian law. All the rest is purely redistribution from the proceeds of that, which is relatively untaxed by global standards, and delivers revenues primarily to the global capital first and foremost.

      In Australia’s case the ‘rest’ needs a thorough look at, all the way from the budget discounts from the revenue side – are they worth it in the form of negative gearing or capital gains etc etc – to the outlay side and the beneficiaries therein. That needs to be along with the entire policymaking dynamic. The simple question requiring address is ‘Is this (whatever economic sector, job, employer, spending motivation presented to the people of Australia one cares to think about) contributing to Australia’s real economic welfare, or is it just another expensive socio economic bauble rewarding the few at the expense of the many or rewarding the past at the expense of the future.’

      We could bring back Joe Hockey’s ‘lifters and leaners’ mindset and really ream a few more leaners than Joe ever illuminated with his ten watt thought process.

      • There u make a good point
        the sources of wealth have vanished, for the old model of the economy, maybe with the exception of sheep farmers
        So what now.
        everyman and his kelpie are in every nook and cranny of the service economy.
        It as well as the punters are tapped out
        How come bezos, musk etc have been so successful
        the new model is back to the hands on entrepreneur with a fair dinkum competitive edge
        they dont teach that in modern straya.
        Atlassian, 2000 applied 12 were selected???

      • GunnamattaMEMBER

        I’m inclined in many ways to agree. But if we accept that then a couple of things follow.

        One it makes a lot of sense to have as many people as possible employed by the state, and from there it makes a lot of sense to have the state examining the living shit out of every last ‘transaction’ in the corporate world with every system available.

        And from there it makes sense for the state to restrict access to the demand their state represents to those corporates who are bending over backwards to be seen to delivering national economic outcomes in terms of investment, employee outcomes, and being an all round ‘good’ economic egg for those who control the state. Russia basically operates this way (with both good and bad consequences).

        When I cam back to Australia in 2012 I never in my wildest dreams thought I would experience a government and policymaking dynamic as socially and economically inept as Australia has experienced since then. But I am at the point of thinking a genuinely reformist Australian party (in ways which provide pain for vested interests who think they are entitled) is now going to appear on the radar at some point, and lots of social teeth gnashing at debt serfdom and bullshit jobs they’ve been sold for a generation will make it only more rudely confronting, and give a degree of obnoxiousness a degree of political traction

      • bolstroodMEMBER

        But I am at the point of thinking a genuinely reformist Australian party (in ways which provide pain for vested interests who think they are entitled) is now going to appear on the radar at some point, and lots of social teeth gnashing at debt serfdom and bullshit jobs they’ve been sold for a generation will make it only more rudely confronting, and give a degree of obnoxiousness a degree of political traction.
        Sign me on, can’t wait.

    • Well look at that
      that coal mine co in china which could not roll over its 14 bill debt is a prime example
      their debt increased 100% yoy for the last 4 years.
      my call is that money wasnt spent on bag filters for local processing projects
      but was squirreled off shore, to joints like straya, as pirates, and our govt knows this but prefers to take the money and the devil gets the hind quarter.
      trouble is the loot has not been invested in productive endeavour here, and will evaporate away as this joint collapses
      so independent of what the commo bank of china intends to do to repatriate the money, its gone.(south park style)
      THen what?? one example: Mr Wang with the air walk to the next investment seminar in the sky,

      Example 2 :Aviation-to-finance conglomerate HNA Group shed more than $US3 billion ($4 billion) in market capitalisation LAST WEEK, underscoring the indebted company’s continuing problems as it resumes trading in shares suspended for more than 6 months.

      • Does China really care if it has a leaky bucket when it can be refilled with printed money continuously, in the mean time overseas assets/local influence are being bought up for the long run benefit of China Inc/clan. Lower exchange rates will fix many problems, until they don’t.

        Banking ‘parasites’ proceeds are recycled more effectively within China for China… a giving vampire squid making soylent out of the unworthy and foreign – boss king making neo-feudalism.

  10. The bible according to the wolf of wall st.

    Australia’s banks have charged dead people fees, lied and ripped off the elderly.
    “In an industry where other people’s money is just washing through your hands, look out.
    Things happen. People’s moral compasses slip away”
    Australians have learnt a great many things – almost all of them bad – about our banks and financial institutions.
    We’ve learnt that the banks have been charging us – and plenty of dead Australians, too – fees for no service.
    they’ve watched us lose our life savings because of advice they knew was inappropriate, given by staff they knew were incompetent.
    They’ve let their employees fake our signatures,
    allowed their boards to lie to our regulators,
    condoned their chairmen altering “independent” legal reports, and
    refused to make changes that would protect us because doing so would put them at a “commercial disadvantage”.

    So what makes those assholes tick.How have they managed to avoid the most basic principles of right and wrong, good and bad, decency and immorality, jacking in any kind of ethical education or moral compass. How come our rules do not apply to them ??

    Most don’t have much trouble imagining the worst of bankers –
    “Basically, they’re just a bunch of dude bros with their dicks in their hands, going ‘Duhhhh.’
    When I started, people were quoting Wolf of Wall Street like it was the Bible.”
    “I was like, ‘Did you know people killed themselves because of him?'” says Smith. “And they were like, ‘But he could sell.’ These are people who’ll step over their own mothers to get to the money.”
    And I was like, ‘It’s not hard to sell when you’re lying, bro.'”
    “Because as long as the money keeps coming in, >>>>the bank does not care!

    David Murray – a former chief executive of CBA, about the failure of trust in banking,
    “some CEO appointments turned out to be seriously flawed”.
    “Mistakes do get made,” ”
    But human judgment is all you have: you just don’t hire people who are untrustworthy.”

    But what was it Gough Whitlam said? You always want to back a horse called Self Interest, because you know it’s going to go well.” He laughs. “In an industry where other people’s money is just washing through your hands, look out. Things happen – people’s moral compasses slip away. Maybe we’re all vulnerable to that to some degree. But the FIRE industry is all about that.”

    “I remember going to my first office Christmas party [in 2008]. It was barefoot bowls, and in the middle of it, the managers started yelling,
    ‘Hey, listen up everyone! Don’s done it again!
    He’s got an 86-year-old woman to sign up for $1.6 million and he’s charging her 2 per cent up front – $32,000!’
    This is for a boiler-plate financial plan produced in an hour.
    ‘Where does he find these little old ladies?! Ring the bell!!!'”

    Sya you just made $32,000 for an hour’s work, filling out a few forms for an 86-year-old lady.
    Now – best case scenario – let’s imagine that the old lady actively wanted this plan, and that you genuinely believed your advice would be to her advantage. It certainly isn’t against the law to charge her this amount; in fact, it’s your job. It’s supported by your manager, your company, your whole corporate structure: you’ll get a bonus and be professionally celebrated for it.
    Could you do it? Should you? What would motivate you if you did?
    Simple greed?
    Desire to please your boss, impress your colleagues? Fear you’ll lose your job if you don’t?
    Personal loyalties – to your family, your mortgage?

    Society is used to dealing with individual bad behaviour.
    We have systems – legal, social, emotional – to understand it, punish it, and recover from it.
    But we’re far less certain about how to feel about – and what to do with – group wrongdoing.
    We know something has gone awry in this story – and with much of the behaviour we’re discovering at the Royal Commission – but what? Psychologists, philosophers and ethicists have all sorts of theories. The banks have only one. They call it “culture”.

    It’s widely agreed that there are three fundamental factors contributing to Australian banking culture.
    The first is size. Australian banks really are big and complicated – some of the biggest, relative to the rest of the economy, and most complex in the world. Which means that most of their half-million employees are far removed from the actual customers they service. Nonetheless, their success is stunning: in 2016, an analysis by the Australia Institute found them to be “the most profitable in the world”, with profits equating to a “staggering 2.9 per cent of GDP”.

    Motivation. Australian banks are profit-driven.
    Everybody is motivated by and rewarded with money.
    If you’re a personal banker and you don’t sell enough “products” (which means getting customers to open new accounts, buy insurance, invest their savings, increase their mortgage and the like) to make your bonus, your bank manager may well not make his or her bonus, and the regional manager might not make their bonus, and so on up the chain.
    It’s a classic carrot-and-stick scenario, in which everyone both eats the carrot and wields the stick.
    As the Royal Commission has discovered, the power of this incentive system has often overridden other considerations: of legality, customer wellbeing and basic moral behaviour.
    Then came the whiteboard the “whiteboard of shame”, publicly tracking every employee’s sales performance via 2 staff meetings daily.

    So these are the foundations of Australian banking: enormous size and success, an all-powerful profit motive, and under-resourced regulators. Which means the question is this: how does belonging to a huge, wildly successful, profit-driven, poorly regulated organisation affect the ways individual bankers think? Does it explain – and can it excuse – their behaviour?

    Conditioned blindness, narrow focus, moral fading, collusive behaviour. All of these concepts are connected to an overarching idea – a classic of psychological theory – that attempts to explain collective behaviour. It’s called groupthink.

    Groupthink is related to various other psychological concepts that also seem relevant to banks, namely situationism – in which external factors, rather than inherent character traits, are seen as the drivers of behaviour – and the bystander effect, where individuals are less likely to take action (offer help to a victim, for instance, or respond to an emergency) when other people are present. But groupthink is a more accurate and comprehensive descriptor of banking behaviour. First defined by psychologist Irving Janis in a seminal 1972 article as “a mode of thinking that people engage in when they are deeply involved in a cohesive in-group”, groupthink refers to the “deterioration of mental efficiency, reality testing, and moral judgment that results from in-group pressures”.

    In the early 1960s, a Yale University psychologist, Stanley Milgram, performed an infamous series of tests. The “Milgram experiment” involved volunteers administering electric shocks to an unseen person on the orders of a white-coated scientist. (Unknown to volunteers, neither scientist nor shocks were real.) In his most notorious results, Milgram found that a full two-thirds of volunteers persisted in administering the shocks even when they appeared to be torturing, perhaps actually killing, the unseen person.

    These experiments did not set out to prove anything about group culture. Milgram was trying to explain the Holocaust via the principle of blind obedience to leadership: he believed his results showed that the average person would obey authority figures even when the orders were abhorrent. But in recent years, his results (which have many inconsistencies and ambiguities) have been reconsidered. Dr Alex Haslam, a professor of psychology at the University of Queensland, is a leader of this rethink.

    Haslam believes it’s not blind obedience that compels behaviour, but powerful in-group motivations. “It’s a question of identification,” he explains in an email from London, where he’s been speaking at a conference about corporate corruption. Psychologically, behaviour like bankers’ wrongdoing is driven by “engaged fellowship. Harm-doing flows from engaged identification with an authority and an associated belief that their enterprise is worthy.”

    This is, of course, an example of the classic “the end justifies the means” excuse for unconscionable behaviour. And, equally obviously, this process is possible in any group.
    The “Dieselgate” scandal at VW, for example, was in part prompted “because [engineers] were highly identified with the company and its mission,” says Haslam.

    Ball-tampering scandal in Australian cricket, where team loyalty and desire for success “at all costs” overwhelmed more abstract theories about rules and fair play.

    “Leaders who turn a blind eye,” he writes from an Australia and New Zealand School of Government conference in Melbourne, where he’s speaking about effective risk control, “may encourage employees to discount potential damage, assume their behaviours will not be detected, hide behind ambiguity about the rules, and [assume] that the organisation itself ‘doesn’t want to know’ how they meet performance expectations.”

    ‘Keep your mouth shut. What we don’t know won’t hurt us.'”
    All my life, right from school, I’ve hated to see people get picked on,” says Jeff Morris. “I could never stand seeing the little guy get done over.
    I grew up with an old-school banker for a father – he had a code of conduct that was very important to him – and I’d worked for a top investment bank [Bankers Trust]. So I could see these CBA guys were frauds. And then, you know, seeing elderly, vulnerable people have their entire life savings vaporised and then being stonewalled by the bank. They would come in and just break down in my office.
    I just couldn’t be involved in any system that did that.
    At the end of the day, I have to be able to look at myself in the mirror.”

    Margaret Moore, “But I couldn’t. I just couldn’t! I think it was the way I was raised,” she says.
    “My dad was a veteran, and we used to go and visit his mates out in the bush, take them food and blankets and stuff.
    They were living in little humpies, some of them – it was terrible.
    And Dad would say, ‘You’ve got to take care of your mates. You’ve got to look after people.'”

    Perhaps the most famous study of individual versus collective responsibility began on the morning of January 28, 1986, when the Space Shuttle Challenger exploded 73 seconds into its flight, instantly killing all seven astronauts.

    The cause of the explosion was clear: a faulty seal in a rocket booster, which allowed a stream of flame to escape and ignite an external fuel tank. This fault was common knowledge within NASA and among its partners: the very night before Challenger’s launch, a handful of engineers – experts in the seals – argued for hours with NASA’s high command that it was too dangerous to launch. But their efforts were unsuccessful and the launch was approved by a larger collection of people: groupthink at its most damaging and tragic.

    Six months later, however, the Presidential Commission on the Space Shuttle Challenger Accident, while praising the engineers, refused to lay blame on those who approved the launch. Commissioner Richard Feynman said: “I don’t think it’s correct to try to find out which particular guy happened to do what particular thing. It’s the question of how the atmosphere could get to such a circumstance that such things were possible.”

    This is, almost exactly, what the banks are saying when they blame “toxic culture” for their manifold faults. Everyone is responsible – which means, effectively, that no one is.

    In 1990, however, a famous article in the Journal of Business Ethics used the Challenger disaster to claim that such thinking is not only flawed, but dangerous. As authors Russell Boisjoly (one of the engineers who argued against the launch) and academics Ellen Curtis and Eugene Mellican wrote: “One of the most pernicious problems of modern times is the almost universally held belief that the individual is powerless, especially within the context of large organisations.”

    This is wrong, they wrote. The truth is that the very power of such organisations means that the acts of individuals within them are more important than ever. “It is vital to reclaim the meaning and importance of individual responsibility within the diluting context of large organisations,” they concluded.
    Blame should be laid on individuals, however complex the process of untangling their culpability. Otherwise, society as a whole is inviting an accountability vacuum, with ethical chaos the result.

    Original article https://www.theage.com.au/money/banking/why-good-people-do-bad-things-20180716-p4zrq5.html (and well written too)

    • Separation of foreign state from state came naturally, then separation from religion from state, why is there not separation of corporation from state?

    • Groupthink? Not rubbish KPIs, sh!tty culture, greedy shareholders, big swinging d!cks, inappropriate bonuses and penalties etc etc? Way too kind.