Miscellaneous

2

MB Fund Live Webinar – Australian Dollar Reflation? (Today)

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

28

MB Fund seminar – Sydney today!

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

20

MacroBusiness Chartfest September 1-2, 2018

  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

0

Live MB Webinar – The Nervous Investor

Join us today as MB Fund Head of Investments, Damien Klassen, Chief Strategist David Llewellyn Smith and Tim Fuller discuss current market conditions and how someone who is nervous about entering sharemarkets can still take advantage of opportunities. – Capital protection whilst still capturing some upside of shares – When to climb the wall of worry

13

Netflix is dominating the ANZAC pay TV market

By Leith van Onselen Earlier this month, Roy Morgan Research revealed that Netflix had lifted its Australian subscriber base to 9.8 million households after a 30% annual surge in subscribers. By contrast, Foxtel’s subscriber base slid by 2.7% to 5.4 million households: Yesterday, Roy Morgan Research released similar analysis of the New Zealand subscription television market,

7

2018 Sydney MB Fund Seminar announced!

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

14

NDIS to leave most vulnerable behind

By Leith van Onselen I labelled the $22 billion National Disability Insurance Scheme (NDIS) a “bureaucratic nightmare” citing my family’s own personal experience with our 10-year old autistic son. Despite being diagnosed in the “severe range” of autism spectrum disorder, unable to converse or read, and attending a special school, my son was denied funding for

15

2018 MB Fund Melbourne Seminar announced!

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

37

Why Netflix will continue to dominate Foxtel

By Leith van Onselen Yesterday’s Roy Morgan Research survey revealed that Netflix had lifted its Australian subscriber base to 9.8 million households after a 30% annual surge in subscribers. By contrast, Foxtel’s subscriber base slid by 2.7% to 5.4 million households: As Foxtel has lost its monopoly grip on the pay TV space, it has pivoted

38

Disruptive technology and investment

Here is an interesting table from Technology Foresight showing the most disruptive technologies and a timeline for when they are expected. I have shown the most imminent ones below, click the image below for the full table as a pdf: I’m interested in your thoughts (preferably with supporting research or at least some sort of reason to

29

As Netflix rises, Foxtel falls

By Leith van Onselen Online streaming services Netflix and Stan have seen their subscriber base lift while Foxtel’s has fallen, according to Roy Morgan Research: Subscription Video On Demand (SVOD) juggernaut Netflix has continued its impressive growth over the last year with over 9.8 million Australians in the June 2018 quarter now having a Netflix

12

Weekend Chartfest: 4 – 5 August, 2018

Australasia     Australia & New Zealand – Unemployment     Australia & New Zealand – Participation     Australia – Housing Credit & House Prices       Australia – House Prices to Median Income       Australia  – Mortgage broker Share of New Home Loans to 3Q 2017       Australia

14

Weekend Chartfest: 28-29 July 2018

Australia       Australia – Dwelling Prices – Expected v Actuals     Australia – Graduate Visas     Australia – Core Inflation     Australia & New Zealand House Prices and Global Equities     Australia – Employment Growth     Australia -Underlying CPI     Australia – Unemployment & Participation    

39

Weekend Chartfest 21-22 July, 2018

      Australia       If the Next 25 Years are like the last 25       The Descent from the RE Peak       Sydney & Melbourne, Prices and Time on Market       Sydney Auction Clearance Rates       Mortgage Rates       Regional Australia Proportional

9

Weekend Chartfest, 14-15 July, 2018

Australia       Major City House Values over last 25 years       House Price growth – Major Cities       Population Increase and Dwelling Investment       Population Growth       Net Overseas Migration by Visa – From July 5 Presentation made in Wollongong by Alexandra Heath    

32

AMP hikes mortgage interest rates

From AMP: We are managing our portfolio in a very active market and our decisions on rates are never taken lightly. We have held off passing this cost on to customers for as long as we can and in fact have not increased interest rates for existing customers since June last year. With any change,

6

Chronically stupid ACCC pushes wrong energy intervention

Here it is: The Australian Government should operate a program under which it will enter into low fixedprice (for example, $45–$50/MWh) energy offtake agreements for the later years (say 6–15) of appropriate new generation projects which meet certain criteria. In doing so, project developers will be able to secure debt finance for projects where they

53

Stress-testing a captured APRA

From the boys at LF Economics: So yesterday APRA came out and said that if unemployment rose to 11%, House prices fell by 35%, and the Chinese economy tanked, that the Australian banking system would be able to withstand the economic stresses associated with this type of economic destruction. So let’s use a bit of

6

Daily iron ore price update (buy the trade war?)

Iron ore prices for July 11, 2018: Tianjin benchmark fell 50 cents to $62.70. Paper was bid overnight. Steel firm yesterday. CISA late June steel output eased 1.8% to 1.955mt. It should approach last year’s levels more and more as the artificial lift from illegal mills shifting to legal washes through the data. The bulks

50

Go the Poms

Forgot to post this earlier but I’ll just leave it here. In 1990 I lived in London and enjoyed the World Cup first hand as the Poms made the semi-final  versus Germany. When Chris Waddle hit the post in extra time I nearly ruptured my melon on the ceiling fan in the local pub. Then

13

What next for the trade war?

Soc Gen says brace for more: The temptation (primarily for the US but for trading partners as well) is to keep ramping up measures to convince the other side that they are serious about staying the course. Tariffs can be rolled back quickly when an agreement is reached. Because the long-term consequences are likely to be

8

What is the tumbling Shanghai bourse telling us?

From UBS: Trade tensions and deleveraging take a toll on performance Since the 15 June announcement of tariffs between the US and China, MSCI China and CSI 300 indexes lost 7% and 9%, respectively. The selloff is broad-based and reflects market concern about the longer term impact at the macro level. Prior to this, MSCI

11

Bike sharing companies leave Sydney and Adelaide

By Leith van Onselen Last month, bike sharing company, oBikes, announced that it would leave Melbourne following the Victorian Government’s crack-down on the company, which classified abandoned bikes as litter and potentially liable for $3,000 fines. Now bike sharing companies, Reddy Go and Ofo, have announced that they will exit Sydney. From SBS News: Two