AUSTRALIA 5 Eyes Part Time Employment Australia CPI Housing Wealth and Consumption Residential Rents NSW & Vic, wages & unemployment Australian coal export destinations Australian Commodity Exports Australian House Prices Australian Housing Finance Australian Renewable Energy Australian Services & Manufacturing Australian Short Term Arrivals
Willunga Landscape, Horace Trenerry, 1947, Art Gallery of NSW Macro & Markets Hedge Funds Play Tug-of-War With the Volatile Australian Dollar – Bloomberg One Weird Trick for Avoiding Bad Chinese Bonds – Bloomberg Brazilian mine tragedy will not be the last tailings dam disaster – Reuters, Home China’s coal imports surge, but prices tell
Jitterbugs, 1945, Weaver Hawkins, Art Gallery of NSW Markets Macro & Investing The Sorry State of the World Economy – Project-Syndicate, Basu Trump hails China trade talks progress and says he will meet Xi Jinping soon – Guardian China says Washington trade talks were ‘frank’ and made ‘important progress’ – SCMP Donald Trump hails
The ABS is out with Dec QTR CPI and it’s still weak: The headline was slightly above consensus so markets got excited but analytical series are all about as scary as facing Phil Lowe in a fist fight. And they are going to weaken from here. Nothing here to prevent a dovish shift in the
It’s the economic model that keeps on giving, via Domain: Concentration of our populations in major cities and increased international air travel are creating conditions ripe for pandemics to spread faster and infect more people, according to new research from the University of Sydney. …“You have airports getting a lot more traffic – in Adelaide,
Short man with two dogs, Linda Marrinon, 1990, Art Gallery of NSW Americas Trump Pulls U.S. Delegation Out of Davos Forum, Citing Shutdown – Bloomberg Shutdown clouds outlook for consumer-driven U.S. economic growth – Reuters Chinese ambassador Lu Shaye warns ‘back-stabbing’ Canada to stop rallying allies in row over detainees – SCMP Trump Vows
By Leith van Onselen In 2017, Labor leader Bill Shorten outlined a plan to tax trusts at 30% that would raise $17.2 billion over 10 years. Shorten said the extra revenue could be used to fund services such as education and health, while he stressed that the 30% tax plan would not be applied to
Australia & New Zealand New Zealand Terms of Trade and Chinese exports New Zealand Production GDP Per Capita & Nominal GDP New Zealand – Migration Australia – Net Government Debt Australia – Budget Balance Australia –
Sunset in a Subduction Zone, James Gleeson, 1986, Art Gallery of NSW Macro & Markets Trump Hails ‘Big Progress’ Towards China Trade Deal – Bloomberg El-Erian, Like Trump, Says Fed Would Benefit From ‘Better Feel’ – Bloomberg Chinese and US tech giants face growing political risks – Nikkei Asian Review Life Is Getting Harder
The Wasteland II, Jeffrey Smart, 1945, Art Gallery of NSW Macro & Markets Not just China: why the global economy needs Beijing’s stimulus measures to boost growth – SCMP China says has made plans with U.S. for face-to-face trade meeting in January – Reuters This is not a time for investors to think long
Heat Haze, Dorrit Black, 1919, Art Gallery of NSW Macro & Markets Oil plunges 6 percent as economic slowdown fears grip market – Reuters Dollar Exposed to Dysfunction and Paralysis in Washington – Bloomberg ‘The worst is yet to come’: Experts say a global bear market is just getting started – CNBC Americas
Cricket came alive again in Perth. Sure, we won, and that was nice. But it was something else that injected new vigor. Throughout the Indian test series the media has been embarrassingly fawning over Indian cricket captain Virat Kholi. Fox Sports coverage is like some weird temple to Kohli, chock full of animations in his
By Leith van Onselen The Victorian Department of Health and Human Services (DHHS) has released alarming new data showing a massive decline in affordable rental options across Melbourne. While the annual growth in median rents across Metropolitan Melbourne moderated to 3.2% in the year to September: It remains well above inflation (2.2%) as well as
By Leith van Onselen The ABS today released its National Health Survey for 2017-18, which revealed that rates of obesity continue to rise, with two-thirds (67.0%) of Australian adults classified as either overweight or obese, up from 56.2% in 1995: However, the data above is based on the highly flawed “Body Mass Index” (BMI), which is
AUD is still struggling through the morning: Bonds are paring gains but yields are now trending down nicely. More to come: ASX is hanging on at the cliff’s edge: Dalian has opened with a minor bid: Big Iron likewise: Big Gas is hopeful of an OPEC rescue. I am not: Big Gold has a Fed
Via FCAI: National motor vehicle sales eclipsed the one million year-to-date sales mark during November 2018, in a month which overall sales were down according to the latestdata released today by the motor industry’s statistical service, VFACTS. National vehicle sales for November reached 93,860, down 7.4 per cent from November 2017. The overall market decline
Some light relief today from Maccas as we await the RBA: A study recently conducted by researchers at London Metropolitan University found that touchscreens used by customers at multiple McDonald’s locations were covered in fecal bacteria. Dr. Paul Matawele, one of the lead researchers in the study, explained that the spread of this bacteria could lead
Australia Housing Finance Australian house prices v the rest Australian house prices to income v the rest Sydney & Melbourne Auction Clearances Employing Sectors Consumer Confidence Housing Sales and Stamp
Via DEEWR: Farewell Botox Boom.
Via QCL: HORROR receival figures into the GrainCorp storage network highlight the depth of the drought in Australia’s north-eastern cropping zone. Total new-crop grain receivals into the GrainCorp bulk handling network as of November 5 totaled just 93,300 tonnes, with Victorian deliveries, traditionally not a major factor until December, making up over a quarter of the tally. And
Sheep Country, Burra, 1950, Douglas Dundas, Art Gallery of NSW Markets and Macro Gold buying by central banks hits its highest level in almost three years – CNBC Trump says he and China’s Xi had good exchange on trade – Nikkei Asian Review Start-Ups Ask, ‘Are We Making Money for Saudi Arabia?’ – NY
There is no way to sugar coat this so you’re getting it straight today. These guys are incorrigible, at the AFR: The chief executives of Origin Energy, AGL Energy and their smaller electricity retailing competitors look set to have a united and firm message for Energy Minister Angus Taylor at the “roundtable” he has convened
By Leith van Onselen Recreational cannabis became legal in Canada on 17 October, in a move that is expected to raise $400 million a year for federal and provincial governments. Canada’s Prime Minister, Justin Trudeau, marketed the policy as taking profits away from organised crime and criminals: At the same time as Canada and nine
Australia Australia Consumer Confidence Australia – Housing Approvals not yet commenced Australia Housing – Average Loan Size ; Australia – Housing Prices by City Australia – New Dwelling Completions Australia – Dwelling
By Leith van Onselen Back in 2016 I penned an article, “Aussie dieticians are wrong about fat”, which criticised Australian dieticians’ staunch defence of existing failed dietary guidelines that promote a high carbohydrate / low fat diet: Since the Australian food pyramid was first introduced in 1982, it has told Australians to consume large quantities
AUD is right at the lows as I write: Bonds are mixed: XJO is modestly bid: Big Iron is soft: Big Gas too: And Big Gold: Big Mortgage is disturbed by bottom feeders: Big Realty looks troubled with REA setting up a massive double-top: Not before time…
Join us today as MB Fund Head of Investments, Damien Klassen, Chief Strategist David Llewellyn Smith and Tim Fuller discuss the future of the Pacific Peso. – What is sitting behind the recent fall in the AUD? – Can the current drivers be relied upon for future direction? – How is the Emerging Markets Crisis and Trumps Trade
After a full year in the office, we are happy to announce round two of the MB Fund seminar series. This year’s agenda is, of course, The Great Australian Housing Crash! Come one and come all to see (and meet) Leith van Onselen, David Llewellyn-Smith and Damien Klassen as they discuss just how fast and
Australia Australia – Economic Policy Uncertainty Sydney & Melbourne – Auction Clearances Australian GDP Coal Production & Consumption Electricity Generation Major LNG Plants Implications of Tightening Lending Standards Disposable Income by Decile Loan Rejections Public Satisfaction with the National Direction Tobacco
Tues September 4th Presenter: Dr Cameron Murray Venue: Brunswick Mess Hall Tickets Everyone needs somewhere to live. It is a simple fact. Australia’s economy keeps growing every year. As a nation, we are richer than any other time in our history. We also have some of the most expensive housing in the world. We step over
