Links 25 October 2019

Global Macro / Markets / Investing:





Unconventional Economist
Latest posts by Unconventional Economist (see all)


  1. The NSW government will make maths compulsory for year 11 and 12 students under a plan to ensure school graduates have key numeracy skills, but has stopped short of making it mandatory for the HSC.

    Why they don’t find a person/people who decided math is not mandatory in years 11/12, name them publicly and ridicule (if not imprisoning for treason against generations of Australians )

  2. NEW ZEALAND HOUSING: Healthy competition essential …

    The crippling cost of bureaucracy … Dr Eric Crampton of The NZ Initative … Newsroom

    Eric Crampton hopes that someday the Commerce Commission will use its market studies powers to investigate the anticompetitive effects of Government (and council) regulation on our land and housing markets, construction industry, professional services, and even the cost of pharmaceutical products. … read more via hyperlink above …
    … Just reported by the United Kingdom The Telegraph …

    Construction cartel fined £36m by competition watchdog … Simon Fox … UK Telegraph

    Three construction firms have been fined more than £36m by the competition watchdog for price-fixing.

    The Competition and Markets Authority said from July 2006 to March 2013, the three firms – Northern Ireland-based FP McCann, Derbyshire-based Stanton Bonna Concrete and Somerset-based CPM Group – agreed to fix or coordinate their prices, shared the market by allocating customers and regularly exchanged competitively sensitive information. … (behind paywall) … read more via hyperlink above …
    … New Zealand Local Governments recent encouraging public comments …

    Property owners and developers want more councils to be directed by Government under new planning rules … Marta Steeman … Stuff NZ

    … concluding …

    … (Local Government New Zealand says …) … The real obstacles to development were a restrictive planning regime, too much risk on councils regarding building and the inability to open up land for development because of poor infrastructure funding and financing tools. (Note Pavletich / Paulson comment at bottom of comments thread)

  3. CHINA …

    More Property Developers Cut Prices to Raise Cash as Demand Flags (behind paywall) … Caixin
    … via 90 @ 9

    More property developers in China are cutting prices on new homes to boost sales and raise cash amid flagging demand and a tougher environment for debt refinancing.

    Sunac China Holdings Ltd., the country’s fourth-biggest real estate group in terms of sales, has reduced prices for properties in a development in Tianjin, a coastal city some 100 kilometers southeast of Beijing, by 30% in the past two months, according to one homeowner who bought his apartment in September. The resident, who declined to be named, said he paid 16,000 yuan ($2,260) a square meter for his property, but the price for apartments in a newly released block has been reduced to 12,000 yuan. Prices for parking spaces have fallen by as much as 50%.

    Homeowners are furious and nearly 100 have protested to the company about the cuts. They have refused to accept the developer’s explanation that it had to make the move due to poor sales and feedback from buyers that the layout of apartments was poor, the resident said. … behind paywall … read more via hyperlink above …
    China’s Property Bond Boom Clashes With Housing Market Realities … Wall Street Journal

    Here’s what is really causing the global economic slowdown … CNN Business

    • Oh. It’s started already. Am I in?
      I rarely annualize anything. However, I have been known to analize occasionally

    • If Ermo posts half cut from the bowlo is he still classed as a shut in?

      (This post was made from outside while wearing hi-vis.)

      • The Traveling Wilbur

        If I was going to have to create inclusion criteria (which I’m absolutely not doing btw, being the woke incel I am), then it would have to consist of a consultative criteria discovery and selection process first. Having said that I would still absolutely insist that anyone, absolutely anyone who has posted to MB from a loo (drunk or otherwise) and bothered to make clear in that post that they were in said loo while posting has enough issues / MB need to be ‘in’ under any circumstances.

        It’s a surprisingly long list of members and the odd scummy non-member who have done that.

    • The Traveling Wilbur

      The long term consequences of the abuse from all the right wing Paedos, Scoutmasters, Journos, Priests, Actors working with children and Police Officers who didn’t investigate matters reported to them, maybe?

  4. why does Aus newspaper like AFR always go on about rich lists, just crazy, keep the people hoping….who’s a rich lister, what has Aus become.

    • Mining BoganMEMBER

      I like the bit where everyone turned up and were told to wait because of the winds.

      That’s some next level dreamtime work there.

      • The Traveling Wilbur

        Makes more sense than Clarke not being able to bat because there’s a seagull on the field though.

    • No probs.

      I mean its a nuff tourism objective, fly 2.5 hours to the middle of no where, land eyeballs on a (I know it’s not) a rock in the ground, then say “Now what ?”

      Take away one of the major incentives to see it…

      Well let’s see the impact on tourism dollars.