Gunnamatta

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Sunday Chartfest May 7, 2017

Just an experiment/for something different – A load of charts and diagrams collected over the last week or two from either twitter, business articles or research just grouped together under general themes   AUSTRALIAN REAL ESTATE Australian Capital City rents…..(what is happening in Hobart?)   Individuals claiming rental net profit and loss by age 2014/2015

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MB Radio: Rort of the Elites

Just weeks out from the 2017 Federal budget Gunnamatta spoke with David Llewellyn Smith and Leith van Onselen about the economic backdrop framing budget decisions, as well as the dynamics of Australia’s key commodity exports and the implications this has for the economic outlook, employment, incomes growth and the housing market.  With the federal government and

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Weekend Links 25-26 March, 2017

Cocking an ear, John Brack, 1948, National Gallery of Victoria   China China mortgage rules tightened to curb people divorcing to qualify to buy second homes – SCMP UnionPay bars Chinese buyers from swiping for Hong Kong property – SCMP China must urgently tackle soaring corporate debts, says OECD – SCMP China ‘drawing up rules

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Weekend Links 18-19 March 2017

South seas icon No.21: Totem Mountain with brassy sky, Shay Docking, 1972-73, National Gallery of Victoria   China Chinese banks halt mortgage lending after reaching 1st quarter quota on new loans: report – SCMP Chart of the day: Shanghai steel rebar surprises – SCMP China private equity deal values cratered in 2016, but that’s not

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Links 28 February 2017

Macro, Markets & Investing Coal Industry Casts Itself as a Clean Energy Player – NY Times Copper’s Price Surge Won’t End Soon – Bloomberg Rising policy uncertainty driving slowdown in global trade: World Bank – Business Times Against the tide: The return of the euro? – Euromoney Zinc rally may have further to run as

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Links February 24, 2017

Macro, Markets & Investing The Trump ‘bubble’ skeptics are getting louder, but when — or if — it pops is anyone’s guess – Financial Post Preparation underway for Donald Trump, Xi Jinping to meet at G20 summit in July, sources say – SCMP OPEC searching for proof oil output cuts working – SCMP Federal Reserve minutes

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Blinkered consultant offers serfdom as super-pension reform

The scourge of the neo liberal age is the management consultant type which never actually delivers much of an outcome for anyone, but regularly appears in private sector and public sector workplaces, usually under the guise of doing something ‘strategic’ which involves talking to lots of ‘stakeholders’ but sometimes looking at ‘processes’ and how ‘efficiencies’

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Weekend Links 7-8 January 2017

He Sees Himself, Gareth Sansom, 1964 National Gallery of Victoria China China to plough US$361 billion into renewable fuel by 2020 – SCMP…one way to inject stimulus without it leaking offshore… China’s small banks vulnerable to bond sell-off, analysts say – SCMP Hong Kong’s offshore yuan market under strain as PBOC targets currency bears –

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Christmas Weekend Mega Links Dec 24-28, 2016

Machine 10, Bridget Mclean, 1973, Art Gallery of NSW   China Xi open to growth below 6.5pc on debt risks – SCMP President Xi Open to Growth in China Falling Below 6.5% – Bloomberg Forex reserve safety concerns mean China ‘unlikely to massively sell US debt’ – SCMP China’s bond market plunge fans fears over

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MB Radio: The Trump revolution Downunder

With the Brexit vote in June and the Donald Trump win in the U.S. Presidential election in November 2016 delivering an electoral riposte to a generation of increasing globalisation, Gunnamatta spoke with David Llewellyn- Smith and Leith Van Onselen about how the Australian economy is currently positioned, and of the implications for Australian economic policy

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Weekend Links 12-13 November 2016

The Night of the Pigs, William Dobell, 1970, Art Gallery of NSW China Singles’ Day: Chinese to splurge $20bn in world’s biggest shopping event – Guardian The white-knuckle countdown to China’s party congress – Nikkei Asian Review China moving away from market economy – Nikkei Asian Review Many Chinese cities are slowly sinking – and

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Weekend Links 29-30 October, 2016

The Shooting of Wild Dogs, Clifton Pugh, 1958, National Gallery of Victoria China China is in better shape than its critics make out – Telegraph China capital flight flashes warning as authorities forced to prick property bubble – Telegraph, AEP ‘Core’ leader Xi in position for next power grab – Nikkei Asian Review China central

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Links 20 October 2016

Global Macro/Markets/Investing: Peak oil looms over the world again, but this time it’s peak demand – Financial Post Yuan’s swift fall fans currency tensions – Nikkei Asian Review Mess With Central-Bank Independence at Your Peril – Bloomberg Coal: after the $100 per metric ton boom, how long until the bust? – Reuters They think you’re crazy

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Links 17 October 2016

Global Macro / Markets / Investing: It may be time to buy gold: HSBC – SCMP Toxic Politics Versus Better Economics – Nikikei Asian Review, El-Erian Signs of Strain in the Stock and Bond Love Affair – NY Times Persistently low rates and monetary transmission – VOX Global deal reached to limit powerful greenhouse gases – AP

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Weekend links 1 – 2 October 2016

Wire, Noel Counihan, 1966, National Gallery of Victoria   China Booming Property Market Undercuts Attempts to Revitalize Industry – Caixin…could anyone in Australia get this idea?… China’s Most Misleading Indicator – Bloomberg China may be stockpiling more oil than anyone realized – Washington Post As China ages, will its economy shrink? – SCMP ‘Hard landing’

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Weekend Links September 17-18, 2016

Barbara and Auguste, 1957, Charles Blackman, National Gallery of Victoria   China 8 Charts on China’s stimulus driven rebound – ValueWalk…well worth a look… China’s new loans beat expectations in August but home mortgages still main driver– SCMP Chinese local government finances improve but provincial imbalances still pose significant risk, says Moody’s– SCMP China’s High

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Weekend Links 20-21 August 2016

Planes of Perception, Erica McGilchrist, 1958, National Gallery of Victoria China China’s Secret Lists of Zombie Borrowers Leave Banks in the Dark – Bloomberg China falls back on fiscal stimulus to revive growth in ailing northeast rust belt – SCMP China’s Corporate-Debt Challenge – Project-Syndicate Beijing launches 200b yuan venture capital fund to foster SOE

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Links 19 August, 2016

Macro & Markets Fund managers dip into cash as equity markets rally on – Fairfax In upcoming OPEC meeting, consensus could hinge on Iran’s aging oilfields – Financial Post NY Fed, Bangladesh central bank to resume normal money transfers: sources – Reuters China smelters face lowest fees in 4 years as zinc market tightens Top steel

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Links 18 August 2016

Macro & Markets Who Would Win a Currency War? No One– Bloomberg Zinc deficit looms, prices up, but output restarts unlikely– Reuters Philippine mining turmoil drives nickel prices – Nikkei Asian Review Here’s an interesting theory about why the dollar is dropping – Market Watch Is George Soros Calling a Top in Gold? – WSJ

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Weekend Links 6-7 August, 2016

  Spring, James Gleeson, 1956 National Gallery of Victoria   China Who is Most Dependent on China?– Bloomberg China capacity cutting efforts still lagging by end-July: media– Reuters China’s state planner calls for central bank interest rate cuts at ‘appropriate time’– SCMP U-turn by top Chinese planner gives glimpse into dispute on policy direction– SCMP

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Weekend Links July 2-3, 2016

Axiom of Choice II, 1994, Robert Jacks, National Gallery of Victoria China Is China the Next Japan? – Project-Syndicate, Roach China’s State-Owned Enterprises at a Crossroads – Project-Syndicate China Caixin manufacturing PMI slips in June – Market Watch This economist thinks China is headed for a 1929-style depression – Market Watch Growth in China’s factory

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Pascometer burns red on Brexit shock

Weoo, weeoo, weoo. Bad news for the global economy. Pascometer has written Brexit off as meaningless thereby confirming the gravity of the the threat. Reader Gunnamatta has done an excellent job of deconstructing the Pasconometric clap trap. Find it below. Pascoe begins: I really don’t give a damn about Britain. So I thought I’d add an

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Weekend Links 28-29 May, 2016

Moon Over House, undated, Desmond Digby (New Zealand, Australia, 1933-2015), Art Gallery of NSW   China China plans rise in government debt to prune corporate red ink – SCMP Bogus property owners scam millions from Hong Kong buyers and banks – SCMP…is there a secondary Market for foreign properties in China?… China industrial profit growth

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Weekend Links 21-22 May, 2016

Each Others Eyes, 1987, Fred Cress, National Gallery of Victoria China Winning funds and influencing people: how one Chinese cadre revealed the unwritten rules of gaining Beijing’s favour – SCMP Land prices continue to sizzle in Shanghai – SCMP China’s Communist Party goes way of Qing Dynasty as debt hits limit – Telegraph, AEP Understanding

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MB Radio: The Budget, the Rate Cut and the Ugly

Upon the release of the 2016 Federal Budget Gunnamatta spoke with David Llewellyn-Smith, Leith van Onselen and Callam Pickering of CP Economics about the underpinnings of the budget, the integrity of some of its assumptions and forecasts, and the risks to the economy over the coming year and beyond. In a 45 minute discussion the

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ANZAC Day Links, 25 April, 2016

George W Lambert, A Sergeant of the Light Horse, 1920 National Gallery of Victoria I will get some more up as I have time (but I am going out and have loads of work)…. …Terra Specufestorus…. Malcolm Turnbull takes negative gearing changes off the table – Fairfax…we all knew he would… Malcolm Turnbull rules out

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Links 20 April, 2016

Macro, Markets & Investing Brussels steel summit fails to find answer to oversupply problem – Guardian Are we doomed to be trapped in a bubble economy? – SCMP Currency markets convulsed by loss of confidence in central banks – Nikkei Asian Review Negative rates hitting mutual fund investors in the wallet – Nikkei Asian Review

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Links 19 April, 2016

Macro, Markets & Investing Major Oil Exporters Fail to Agree on Production Freeze – NY Times Citi forecasts a recovery in oil prices – SCMP The bad smell hovering over the global economy – Guardian, Larry Elliott Is the commodities rally over? – Nikkei Asian Review Boldly going: the exotic ‘frontier’ markets that intrepid investors