Australia 02 (Jan 11 - Dec 20)

Re: Australia 02 (Jan 11 - Dec 15)

Postby behappyalways » Thu Oct 15, 2015 9:28 am

Australian Jobs Unexpectedly Fall in September
http://www.bloomberg.com/news/articles/ ... ssie-drops
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Re: Australia 02 (Jan 11 - Dec 15)

Postby winston » Wed Dec 02, 2015 6:26 am

'Australia headed for recession': Yanis Varoufakis, former Greek finance minister

Source: MSN Money

http://www.msn.com/en-my/money/markets/ ... id=DELLDHP
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Re: Australia 02 (Jan 11 - Dec 15)

Postby winston » Wed Dec 02, 2015 10:09 am

Australia’s Economic Growth Accelerated: Not As Strong As It Looks

By Shuli Ren

Source: Barron's Asia


http://blogs.barrons.com/asiastocks/201 ... -it-looks/
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Re: Australia 02 (Jan 11 - Dec 15)

Postby behappyalways » Wed Dec 09, 2015 2:51 pm

nobody-s-home-australian-boom-leaves-swathe-of-empty-properties
http://www.bloomberg.com/news/articles/ ... properties
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Re: Australia 02 (Jan 11 - Dec 16)

Postby winston » Tue Apr 05, 2016 5:51 pm

Australia property boom shows signs of tipping point as prices may cool

by Leslie Shaffer

The government has taken some steps to cool the market, such as limiting the growth in lending to property investors, which spurred banks to raise interest rates on mortgages for those borrowers.

Efforts to crackdown on foreign buyers who breached ownership rules, limiting them to only buying new properties, among other restrictions, have also helped to cool the market.


For Sydney's market, prices were actually down 1.6 percent over the same period, although the city still saw prices rise 13.9 percent last year.


Source: CNBC.com

http://www.cnbc.com/2016/04/05/australi ... 284a1255a1
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Re: Australia 02 (Jan 11 - Dec 16)

Postby winston » Wed Apr 13, 2016 8:58 pm

Australia economy keeps growing as worst of mining drag fades

Australia’s economy is seen weathering an unwelcome rise in the local dollar and uncertainty over China this year, while the worst fallout from a mining downturn may finally be over.

The latest Reuters poll of analysts expects Australia’s A$1.6 trillion (US$1.2 trillion) of gross domestic product to expand 2.6% this year, unchanged from the previous poll.

Source: Reuters
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Re: Australia 02 (Jan 11 - Dec 16)

Postby winston » Wed Apr 13, 2016 8:58 pm

Australia economy keeps growing as worst of mining drag fades

Australia’s economy is seen weathering an unwelcome rise in the local dollar and uncertainty over China this year, while the worst fallout from a mining downturn may finally be over.

The latest Reuters poll of analysts expects Australia’s A$1.6 trillion (US$1.2 trillion) of gross domestic product to expand 2.6% this year, unchanged from the previous poll.

Source: Reuters
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Re: Australia 02 (Jan 11 - Dec 16)

Postby winston » Wed May 04, 2016 6:41 am

Ahead of the curve ?

Overnight Australia's central bank cut interest rates. We mentioned the likelihood of this happening yesterday. Stocks in Australia shot higher by 2%.

While there won't be too many people spending time on considering how and why it fits into the big macro investing and economic theme, we'll discuss it here today. What has happened in Australia says a lot about why the Fed has been so afraid of moving too early and too fast.

Mistakes in this environment can undo a lot that has been done. In the case of the Fed, it could undo the global economic recovery.

First, Australia is interesting for a number of reasons. Australia has made big mistakes, so has Europe. When the world was clearly buckling in 2007-2008, both the ECB and the RBA kept raising rates. Then they finally slashed rates like everyone else.

The RBA cut rates from 7.25% down to 3% at the depths of the global economic crisis, in sympathy of the massive policy responses from the leaders of the major economies of the world. But they were quick to start raising rates again.

Given China gobbled up cheap commodities back in 2009 with freshly printed yuan, helping to pull the global economy out of the doldrums, the Australian economy actually averted recession and began showing signs of a hot expansion in the early days of the global economic recovery.

The Australian economy is closely tied to the health of the Chinese economy. When China demand is healthy, they tend to buy a lot of commodities from Australia. And in the past seven or so years, they've bought a lot of real estate in Australia. With what looked like a sharp recovery underway, from 2009 to 2010, the RBA raised rates from 3% to 4.75%.

Now, within the course of this hiking period, Europe confronted the first wave of the sovereign debt crisis threat. But with the coordination of the policy response from the European Central Bank, the Fed and the Bank of Japan and China, the first round of the sovereign debt crisis was warded off. And China played a large role there too. They came in as buyers of euros, and of European sovereign debt and Greek state-owned assets.

So, like the central bank in Australia, the European Central Bank was also quick on the draw. The ECB started raising rates, assuming a sharp V-shaped recovery was coming for Europe and the global economy.

The ECB and the RBA, underestimated the scale of the crisis. And it's been to the detriment of both economies. Europe has since re-entered recession and has had to fight off more iterations of the sovereign debt crisis, both of which have culminated in the launch of QE in Europe, almost six years after the worst period in the global economic crisis. And with the slowdown in China, the Australian economy has been sucking wind too.

So we have a tale of two central banks (in Australia and Europe) that jumped the gun on rate hikes, and were forced to reverse course, but not after doing damage to their economies.

Still, as we discussed in the past couple of weeks, we think a global economic and market sentiment shift is here, in the early stages. And it's at the early stages (the turning points) where the best investors are placing their bets. That's where the biggest rewards come. By the time it smacks everyone in the face, the opportunity for big returns have passed.

We think that "smack in the face" moment will be when Europe starts showing "green shoots." In the past month we've already seen a positive surprise in first quarter GDP and yields on German debt have been moving higher (looking as if the negative yield scare won't happen on the benchmark 10-year German bund — that's a positive for stocks and the outlook).

With this in mind, remember we looked at both the Australian stock market and two key European stock markets yesterday (Germany and Spain). This policy divergence between the U.S. and the RBA and ECB is squarely positive for the prospects of this gap in the chart below, closing. That's why we think these global stock indicies offer the opportunity for big returns relative to the U.S. stocks.

source: Forbes Billionaire's Pro Perspectives
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Re: Australia 02 (Jan 11 - Dec 16)

Postby behappyalways » Mon May 30, 2016 3:33 pm

gone-in-four-hours-lendlease-sells-all-391-sydney-apartments
http://www.bloomberg.com/news/articles/ ... apartments
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Re: Australia 02 (Jan 11 - Dec 16)

Postby winston » Tue Jun 21, 2016 7:45 am

Australia taxes foreign home buyers

The proposed tax in Sydney’s New South Wales state to be announced this week would be only 4%, in Queensland it is 3% and in Victoria 7%.


Source: The Star

http://www.thestar.com.my/business/busi ... me-buyers/
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