Links 11 December 2019

Global Macro / Markets / Investing:





Leith van Onselen
Latest posts by Leith van Onselen (see all)


    • FB cares about privacy – ????? – when its users are a commodity to be monetized – really – ?????

      • Only because being seen not mealy-mouthing something about something-something-your-privacy is bad for bidness, m’kay? Doesn’t mean that they’ll do anything, but words are cheap.

  1. Curious that there is no mention in treads about the new Religious Freedom [tm] Bill.

    Always thought the cog dis about self awarding authoritarian leadership over “everything” as the product [tm] of supreme agency and countenanced by pathological victimization status when pulled up on it – can be framed in terms of Freedom.

    I would think it more appropriate and honest to say some demand the right to purge ev’bal forces in the name of light, lest temptation leads to ruin and followers are “forced” to wander the desert in atonement and rapture is put off for another epoch as punishment.

    Considering the dire nature [tm] of a whole cornucopia of other near and long term issues afflicting humanity, I think its indicative that this ideological sore spot is the most important topic at hand at the moment – bodes well for moving forward …..

  2. Did Scummo mention Thoughts and Prayers anywhere last night? I was hoping that he would so we knew that Reusa was hosting a relations party tonight.


    … Similar to the earlier Christchurch City Council Chief Executive Tony Marryatt’s pre – Christmas 2011 pay increase attempt … which triggered the 4,500 strong 1 February 2012 Peoples Protest … the ‘Bob & Tony Show’ was gone by the end of 2013 …

    Christchurch City councillors in line for 11 per cent pay rise … Tina Law … The Press

    A suggested 11% increase can only be described as an obscenity.

    It is well known the New Zealand local government sector is overpaid in comparison with other jurisdictions within the English speaking world.

    Check out pay rates within North America on the internet. The Texas Tribune Government Employee Incomes is well worth a read on the internet. In some US States it is mandatory to publish government employees incomes.

    Do these people have any idea what ‘public service’ actually means ?
    … Within about 5 States of the United States, it is mandatory that government employees individual salaries are publicly notified. To illustrate …Texas as an example …

    Government Salaries Explorer – The Texas Tribune

    • … Public service salaries should (amongst other considerations) reflect appropriately the wealth creation capacity of a country or local area …

      List of countries by GDP (PPP) per capita … Wikipedia
      … One of the major reasons we have a housing affordability crisis, is because local government salaries and costs got out of control … so they lost their capacity to meet infrastructure responsibilities to their local communities. New Zealand is the worst within the English speaking world …

      15th Annual Demographia International Housing Affordability Survey

      Housing Affordability Ratings – Median Multiples – All Markets

      Australia 5.7
      Canada 4.0
      China (Hong Kong) 20.9
      Ireland 3.7
      New Zealand 6.5
      Singapore 4.6
      United Kingdom 4.8
      United States 3.5

  4. Great Southern Land

    Sigh, another shift on the ‘tools’ chipping away at the SMH ‘Firewall of Immigration Denial’

    Day-o, day-o
    Daylight come and me wan’ go Facebook
    Day, me say day, me say day, me say day
    Me say day, me say day-o
    Daylight come and me wan’ go Facebook
    Type all night to complain dem migrants
    Daylight come and me wan’ go Facebook
    Bash out rants ’til de mornin’ come
    Daylight come and me wan’ go Tinder

    Come, mister censor, check me posting
    Daylight come and me wan’ go Facebook
    Come, mister censor, check me posting
    Daylight come and me wan’ go Facebook
    Type out six line, seven line, eight line rant
    Daylight come and me wan’ go Facebook
    Type out six line, seven line, eight line rant
    Daylight come and me wan’ go Tinder

    A beautiful bunch o’ rational arguments
    Daylight come and me wan’ go Tinder…

  5. Happy green day – corelogic daily index showing DoD, MoM and YoY green for Lelbourne, Shitney and XXXX

  6. NEW ZEALAND: Latest speech by Hon Phil Twyford, Minister of Urban Development …

    Speech to Government Economics Network 2019 Conference … Hon Phil Twyford … Beehive

    I want to talk about one of the most pressing issues in our national life: the housing crisis and the poor performance of our cities.

    The argument I want to make to you is that generations of urban land use policy have lacked a decent grounding in economics. The consequences of that have been disastrous. And if we want to turn it around it is going to take bold reform and policies informed by an understanding of urban spatial economics.

    The housing crisis has been relentless: the sheer scale of homelessness, poor quality rentals, falling home ownership, out of control housing costs, increased inequality, and intergenerational unfairness. I am sure for many it feels too big to fix, and the public debate is often clouded by single issue advocates.

    In my view, only an explanation that looks at supply and demand can make sense of it.

    Over the last two decades our housing market has experienced an accumulation of demand pressures, mainly population growth but compounded by tax settings that have encouraged a generation of investors to see rental properties as a uniquely desirable asset class. … read more via hyperlink above …
    … The housing crisis STILL is the major public policy issue … by a country mile …

    Ipsos NZ Issues Monitor November 2019