Links 26 May 2020

Global Macro / Markets / Investing:

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Leith van Onselen

Comments

  1. SPAIN LIFTING 14 DAY QUARANTINE …

    HOLIDAY BOOST Spain confirms 14-day quarantine for foreign tourists will be scrapped from July in boost for Brit holiday hopes … The Sun

    https://www.thesun.co.uk/news/11703963/spain-scrap-quarantine-foreign-tourists/

    SPAIN has announced the 14-day quarantine on people jetting into the country from abroad will end on July 1.

    It gives new hope for the millions of Brit tourists eyeing a return to the sun and surf on their summer holidays amid the coronavirus pandemic. … read more via hyperlink above …

      • haroldusMEMBER

        This cnvt is usually so aggressive, now he’s all like “I understand why people are so upset”.

        FFS he is an unelected advisor.

    • haroldusMEMBER

      Just discovered it’s the rose garden of Downing Street.

      This is an unelected official giving a press conference in the direct centre of UK governement.

      • happy valleyMEMBER

        A defacto pollie who just like pollies think their sh.t does not stink – they are above the great unwashed of us, because they are by definition, morally bankrupt?

  2. Get ready for a Scummo shit sandwich today.

    Prime Minister Scott Morrison will use a National Press Club speech today to place the TAFE system and industrial relations at the heart of the Coalition’s recovery plans,

    He will also propose a historic joint effort between the Commonwealth and states on job creation, while placing tax reform and deregulation on the agenda.
    https://www.abc.net.au/news/2020-05-26/scott-morrison-warns-years-of-pain-post-coronavirus-economy/12285142

    Some more money for ‘skills’ training (but not public TAFE ill bet) will be the sugar coating for an industrial relations/corporate tax cut/deregulation shit sandwich.

    • Of course. He said as much from almost his first press conference at the start of this.
      Corporate tax cuts and more labour deregulation are all they have got.
      That is more to the .001% and a bigger underclass.

    • The fake skills reform of lies will be used to boost immigration and reduce wages

      Possibly permanent wage subsidy for taking on a skill-seeker

      There will be more rorts but I am not corrupt enough to think of what they will be

    • truthisfashionable

      I won’t be surprised if they announce there is now two streams of fake education immigration. The current one for worthless university degrees and a new one for ‘skilled’ labour via the TAFE system (what is left of it).

    • happy valleyMEMBER

      Yep – the shit sandwich will likely be WorkChoices 2.0 – the happy-clappy kind which will make John Howard’s version look like charity.
      Then, off course, we have to have that corporate tax cut to look after all the big end of town mates (including on the ScoVID Commission) but which will do nothing to create jobs.

  3. I’ve been following Mike Wilson at Morgan Stanley who seems to be talking sense as opposed to all the billionaires who’s wealth can be put to a combination pure luck and being in the right time regarding the growth of hedge funds in the last third of of the 20th century and know nothing of zero interest rate environments. And opposed to the economists and fundamentalists, value investors, etc. who know nothing of reality.

    • Leaving Fu Manchu aside for a second, Chris Pyne is such an odious little worm…

  4. migtronixMEMBER

    Hey Gavin you bum, Transurban are after a enterprise data engineer – maybe that’s up your alley?

    • Ooohhh… I see what you did there… let us find the price of The Gav. *snrk!* and Shirley you meant ‘up his toll road’