Links 17 July 2019

Global Macro / Markets / Investing:





Leith van Onselen


  1. Mining BoganMEMBER

    Didn’t expect this. At work folk are filthy on the government bailing out the flammable cladding industry. Absolutely filthy. The couple of negative gearing arsehats keep yelling someone has to do something and the reply is yes, the owners, not the taxpayers.

    Really surprising. Hopefully this is being echoed across the state.

    • I thought Tom elliott went soft on the Minister yesterday. I caught a few of the talkback calls on it and people were feral with bloody good reason. Worst case, here’s a novel idea, let’s fund the repairs on the minority of these apartments owned by locals. Foreign owners must pay their own way. Government pays for the work, slaps a levy on top of rates for the foreign owned ones and if they aren’t paid the Government takes the apartment and sells it off to recoup its investment.

      • Let’s just say comparatively prudent use of taxpayer funds. Still sucks though.

      • Mining BoganMEMBER

        Or any apartment that is improved by this nonsense to be used for social housing.

      • It’s a self defeating exercise, the more you scare away the international coin, the less demand there is for these sh1tboxes then. THe value comes down anyway. And on top, their developer mates won’t be happy with that. So…

      • Even with rectification work, does anyone actually want to buy these? If a Developer has cut corners to save money on cladding, imagine what other corners were cut? Not worth it, even if it’s not got the flammable cladding IMHO.


      The obviously noble action for those who can’t (won’t) have a go is to chip in for those that do have a go.

  2. The Traveling Wilbur

    Well BTC has shtn itself again. Off over 10% and down below 10k.

    double fckn good.