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http://www.ozpolitic.com/forum/YaBB.pl General Discussion >> Federal Politics >> Under Mal's financial brilliance Aust blooms http://www.ozpolitic.com/forum/YaBB.pl?num=1496875634 Message started by juliar on Jun 8^th, 2017 at 8:47am

Title: Under Mal's financial brilliance Aust blooms
Post by juliar on Jun 8^th, 2017 at 8:47am

While union controlled Shorty snoggers on about letting ISIS ISLAMICS pour into Aust to turn it into a London, invesment banker Malcolm displays the financial brilliance that made him a multi millionaire.

Libs spending on infrastructure helps Aust to perform with a kick up on GDP.

What a change from the disaster filled days of the six sick years of Socialist Labor's waste and disgrace.

It's a good feeling when Lib brains are in control and not Labor imbeciles like during the six sick years of Socialist shame waste and disgrace.

'Disaster averted': Aussie hits one-month high on GDP data
Myriam Robin JUNE 7 2017 - 6:47PM

The Australian dollar hit a one-month high on Wednesday as economists breathed a sigh of relief after the release of weak but as-expected first-quarter GDP growth figures.

The local currency gained a third of a cent to US75.3¢ immediately after the Australian Bureau of Statistics revealed the economy grew by 0.3 per cent over the first three months of the year, in line with consensus expectations. The Aussie then continued to push higher through the session to fetch US75.4¢ in late trade.

The Australian dollar got a boost after the RBA reaffirmed its expectations of strengthening economic growth. Photo: Bloomberg

The fresh leg-up followed a strong performance overnight, when the Aussie broke through the US75c barrier after the Reserve Bank reaffirmed its expectations of strengthening economic growth in its monthly statement.

Gross domestic product data released at 11.30am on Wednesday showed the economy expanded by just 0.3 per cent over the March quarter, a marked slowdown from the 1.1 per cent growth recorded over the prior quarter.

Year-on-year growth slowed to 1.7 per cent, from 2.4 per cent.

"This will put GDP closer to the bottom end of the RBA's 2-3 per cent GDP target," TD Securities rates strategist Prashant Newnaha said, in a note in part-titled "Disaster averted".

"It's not stellar, but the print is unlikely to be enough of a trigger to get the RBA off the sidelines and cut rates, which the market is giving some chance of."

While the economy has slowed sharply, the numbers were stronger than some had been predicting, giving traders the relief needed to bid the currency higher.

Overnight, a slight recovery in spot iron ore prices, up 0.2 per cent, may have helped buoy the Aussie. Chinese iron ore futures also edged higher on Wednesday. Another supportive factor was a marked decline in the greenback against most currencies on Tuesday night, with the US dollar index, which measures the currency against those of America's major trading partners, falling to its lowest level since early October.

But the global outlook may quickly shift for the Australian dollar, said Westpac chief currency strategist Robert Rennie. He wrote the currency appeared "fairly priced", for now.

"With the Fed set to raise rates next week and commodity prices expected to weaken as we move through the end of the year, strength into the US75¢-75.50¢ region is seen as a selling opportunity."

Many analysts have turned bearish on the currency of late, largely due to the increasingly narrow differential between US and Australian long-term bonds, which hit a 16-year low at the end of last month. Declining iron ore prices also do not bode well for the local currency's strength.

This may, however, be exactly what the RBA wants. Its monthly statement on Tuesday noted that "an appreciating currency could complicate [economic] adjustment" – a phrase it has used in every RBA monthly statement since early 2016, even as the currency slipped near US72¢.

The dollar had traded to US75.08¢ shortly after 7am on Wednesday, after hitting what NAB economist Tapas Strickland called a "wall of confusion" on Tuesday. It initially fell 0.4 per cent on the release of weaker-than-expected net export and government spending figures, then fully reversed the decline as traders digested the latest RBA statement later in the day.

As the central bank kept interest rates on hold at 1.5 per cent for the ninth straight month, it indicated it would look through any weakness in the first-quarter GDP figures.

"Economic growth is still expected to increase gradually over the next couple of years to a little above 3 per cent ... despite quarter-to-quarter variation in the growth figures," the RBA said, a counter to some of the gloomier predictions on the figure made in recent days by private sector economists.

http://www.smh.com.au/business/markets/currencies/aussie-dollar-breaks-through-us75-to-hit-onemonth-high-20170606-gwlzhg.html

Title: Re: Under Mal's financial brilliance Aust blooms
Post by juliar on Jun 8^th, 2017 at 9:10am

And the RBA backs Malcolm all the way to prosperity for Australia.

No surprise the Lefties are stuttering and muttering in despair as they see their Socialist Moon slipping out of sight.

Reserve Bank keeps interest rates on hold at historic low of 1.5% in June
Eryk Bagshaw JUNE 6 2017

The Reserve Bank of Australia (RBA) has left the cash rate at a record low 1.5% for the 10th consecutive month.

The decision was unanimously predicted by economists thanks to meager gross domestic product (GDP) growth, stubbornly low wages and soft construction, despite surprisingly strong retail sales figures.

In his statement, Reserve Bank governor Philip Lowe highlighted that "slow growth in real wages" was restraining growth in household consumption.
"Employment growth has been stronger over recent months, although growth in total hours worked remains weak," he said.
"Wage growth remains low and this is likely to continue for a while yet."

The last time the central bank adjusted rates was in August when inflation slowed to 1%, but it has since moved back towards the bank's target band of between 2 and 3%.

Dr Lowe said inflation was expected to increase gradually as the economy strengthened.

Reserve Bank governor Philip Lowe highlighted "slow growth in real wages" for restraining growth in household consumption. Photo: Bloomberg

5 of 23 forecasters surveyed by Bloomberg are now predicting a cut within the next year, as house prices begin to cool in the overheated eastern housing markets.

During the seasonally weak month of May, property monitor CoreLogic reported a month of house prices going backwards nationally for the first time in 18 months.

The last time the central bank adjusted rates was in August when inflation slowed to 1%. Photo: Peter Braig

Dwelling prices fell 1.7% in Melbourne and 1.3% in Sydney.

Dr Lowe noted the developments in his statement.

NAB chairman Ken Henry said the Reserve Bank has been waiting for years to see non-mining business investment. Photo: Christopher Pearce

"Prices have been rising briskly in some markets, although there are some signs that these conditions are starting to ease," he said. "In other markets, prices are declining."

CoreLogic's head of research, Tim Lawless, said: "If this recent slowing develops into a more sustained trend, the Reserve Bank may be able to consider alternative scenarios to a steady cash rate."

The more house prices calm down, the more room the RBA has to cut rates by minimising the risk of stoking the market.

But Mr Lawless warned the last time rates were cut, in August last year, "the housing market reignited, with capital gains accelerating and investors surging back into the market".

He said recent moves by the Australian Prudential Regulation Authority to crack down on investor loans should avoid a repeat scenario if the central bank were to cut within the next year.

Dr Lowe said the recent supervisory measures should help address the risks associated with rising levels of indebtedness.

He noted lenders had announced increases in mortgage rates, particularly those paid by investors and on interest-only loans.

The governor said GDP growth was expected to have slowed in the 3 months to the March quarter, when the statistics are released on Wednesday, reflecting the quarter-to-quarter variation in the growth figures.

"Looking forward, economic growth is still expected to increase gradually over the next couple of years to a little above 3%," he said. "The transition to lower levels of mining investment following the mining investment boom is almost complete."

Former Treasury secretary and NAB chairman Ken Henry said the Reserve Bank has been waiting for years to see non-mining business investment.

"It hasn't really happened," he said. "On average across the economy, non-mining business investment is not as strong as it needs to be to build a sustainable macroeconomic recovery."

Capital Economics' chief Australia & New Zealand economist, Paul Dales, said the forecasting group had revised down its GDP forecast from 0.3% to -0.5%, the second GDP contraction in 9 months, putting Australia on track for a 1.4% annual growth.

"Things would get very tricky for the RBA if GDP fell in the first quarter and fell in the 2nd quarter," he said, referring to the next set of GDP figures due in September.

"Even if the RBA still doesn't want to cut interest rates below 1.5% for fear of stoking the housing market and even if it thinks any such recession is due to temporary factors, it would be very brave for it to sit on its hands when the papers are shouting about the first recession in 26 years."

http://www.smh.com.au/business/the-economy/reserve-bank-keeps-interest-rates-on-hold-at-historic-low-of-15-per-cent-in-june-20170606-gwl6zf.html

Title: Re: Under Mal's financial brilliance Aust blooms
Post by juliar on Jun 8^th, 2017 at 9:27am

And the goodness of Malcolm just keeps coming. What a difference from the fowl fetid foolishness of Labor.

Australia posts lowest current account deficit since 2001, still disappoints
Reuters JUNE 6 2017

Australia's current account deficit narrowed to its smallest in more than 15 years last quarter, courtesy of surging prices for its major resource exports, providing a bulwark for the country's endangered triple-A credit rating.

VIDEO: Forget the GDP score

Yet the shortfall of $3.1 billion still disappointed investors who had hoped for a surplus and knocked the Australian dollar down a quarter of a US cent to US74.63¢.

The main miss came from investment income, with Australians earning less from their assets abroad.

The volume of exports shipped slipped, partly due to bad weather, and shaved a larger than forecast 0.7 percentage points from real gross domestic product. Photo: Patrick Cummins

The volume of exports shipped also slipped, partly due to bad weather, and shaved a larger than forecast 0.7 percentage points from real gross domestic product (GDP).

Other data out on Tuesday showed government spending added only marginally to growth in the first quarter.

All combined, that left analysts forecasting the economy expanded a meagre 0.2 per cent in the quarter, a step back from the previous quarter's brisk 1.1 per cent.

Growth for the year is seen slowing to around 1.6 per cent, from 2.4 per cent, when the report is released on Wednesday.

A big unknown is household consumption which surprised with its strength late in 2016, but is being burdened by record-low wage growth and high levels of mortgage debt.

The Reserve Bank of Australia (RBA) remains confident economic activity will pick up again to reach around 3 per cent, a major reason it is thought certain to keep interest rates steady at its June policy meeting on Tuesday.

Rates have been at an all-time low of 1.5 per cent since August last year and look like staying there for some time yet.

Most analysts polled by Reuters expect no change until late 2018 while markets imply only an 18 per cent chance of a cut by the end of this year.

Tuesday's figures from the Australian Bureau of Statistics did show a barnstorming performance by commodity exports which boosted the surplus on goods and services to $9 billion.

That was easily the biggest surplus since the series began in 1959 and owed much to higher prices for iron ore and coal, though those have come off their peaks in the last month or so.

The sharp improvement in the country's perennial deficit with the rest of the world should make it less vulnerable to swings in investor sentiment.

It also lessens one threat to Australia's top credit rating, which has been under pressure from persistent budget shortfalls at home. S&P recently affirmed the rating at triple-A after spending months warning that a downgrade might be warranted.

http://www.smh.com.au/business/the-economy/march-current-account-deficit-at-31-billion-20170606-gwlaqr.html

Title: Re: Under Mal's financial brilliance Aust blooms
Post by juliar on Jun 8^th, 2017 at 9:42am

Shorty is caught in a cleft stick with the corrupt Commo unions on one side and the grasping grizzling Greenies on the other side.

So while Shorty snoggers on about causing a housing collapse by stopping this and that, the financially astute Malcolm quietly cools the housing market with intelligence.

House prices go into reverse for first time in 18 months
Emily Cadman JUNE 1 2017

House prices fell in May for the first time in 18 months as lending restrictions bite.

Australian house prices fell in May for the first time in 18 months, as a 'perfect storm' of conditions dampened demand.

VIDEO: Australian housing affordability worsens

Low interest rates are fueling a high demand for housing despite tighter lending rules, says St. George Bank Senior Economist Janu Chan.
Home values in Australia's state and territory capitals fell 1.1 per cent last month from April, according to CoreLogic data released Thursday. Still, prices across the combined capitals were 8.3 per cent higher than a year ago.

The monthly decline comes after regulators tightened lending curbs amid fears of a housing bubble, and the nation's banks raised interest rates -- especially for interest-only loans which are popular with property investors seeking to take advantage of tax breaks.

"It appears that a perfect storm of factors have dented confidence in housing, and led to some heat coming out of the market," said St George senior economist Janu Chan.

"Nonetheless, we do not expect widespread, large scale price falls given that interest rates are expected to remain low and absent a spike in unemployment."

CoreLogic's Head of Research Cameron Kusher also cautioned against calling an end to the property boom.

"We haven't called the peak of the market yet. We want to see more data, we don't want to jump in too early," said Cameron Kusher, head of research Australia at CoreLogic.

Slowing demand in Sydney and Melbourne weighed on national house prices. Photo: Peter Braig

"The market has lost momentum, particularly in Sydney and Melbourne where affordability constraints are more evident and investors have comprised a larger proportion of housing demand," said CoreLogic's Director of Research Tim Lawless.

Lawless said he expects investor demand for property to slow, but not stall as potential returns from other investments such as cash and bonds remain low. Australia's record low interest rates have been a key factor in driving demand for buy-to-let properties.

Citigroup Inc. chief economist Willem Buiter yesterday said Australia is experiencing a "spectacular housing bubble" which needs to be addressed with tougher regulatory measures.

"It had better be focused on immediately, to try and tether a soft housing landing," Buiter said. "Clearly if these things are not managed well they can be a trigger for a cyclical downturn."

The monthly drop was led by declines of 1.3 per cent in Sydney and 1.7 per cent in Melbourne, the two cities where prices have risen the fastest. In Sydney, prices have gained 75 per cent in the past five years, ranking it behind only Hong Kong as the world's least affordable housing market.

http://www.smh.com.au/business/the-economy/house-prices-go-into-reverse-for-first-time-in-18-months-20170601-gwhx77.html

Title: Re: Under Mal's financial brilliance Aust blooms
Post by juliar on Jun 8^th, 2017 at 9:52am

And confidence in Malcolm's financial astuteness has encouraged Australians to spend.

Despite frightened nervousness about Labor's pro-ISLAMIC plans to flood Aust with ISIS ISLAMICS by re-opening Australia's borders as soon as they can.

No surprise the despairing Lefties are scouring the Lefty Propaganda Sites to lose themselves in Socialist fantasy.

Retail spending up 1 per cent to $25.89 billion in April
AAP with BusinessDay JUNE 1 2017

Retail spending has rebounded sharply in April, helped by stronger business at department stores and a lift in sales by cafes and restaurants.

VIDEO: What to expect from retail sales
AMP Chief Economist Shane Oliver predicts the risk of another RBA rate cut this year.

Seasonally adjusted retail spending rose 1 per cent - the biggest monthly gain in 2½ years - to $25.89 billion, according to Australian Bureau of Statistics data on Thursday.

The jump beat market expectations of a modest 0.3 per cent rise and follows a weak trend over the previous two months. Revised ABS data show that retail sales fell 0.2 per cent in March and were flat in February.

Cafes, restaurants and fast food sales were up 1.1 per cent in April, food retailing rose 1.2 per cent, while department stores' sales were 2.5 per cent higher.

Spending on beer, wine and spirits recorded the strongest monthly increase in almost six years, and spending at specialised food retailers – like butchers, seafood and fruit and vegetable outlets – recorded the biggest gain in over three years, which CommSec senior economist Savanth Sebastian attributed to the Easter and Anzac Day long weekends in the period.

But ANZ Research said sales of clothing and household goods remained weak, up just 0.3 per cent and 0.7 per cent, respectively, in the year to May as they grappled with strong competition and limited pricing power.

It noted that sales in NSW were soft while spending in the mining states picked up.

"While the data set up a solid base for second-quarter retail sales, we remain cautious that there are several headwinds facing households," it wrote.

"Consumer confidence around personal finances has slipped this year amid weak wage growth, slowing house price growth and rising concerns about the high level of household debt."

Commonwealth Bank Global Markets Research economist Kristina Clifton said despite Thursday's better than expected data, the underlying trend in retail trade remained soft, with spending constrained by weak wages growth and elevated underemployment.

The Australian dollar initially jumped following the data's release, but has since eased back.

It went as high as 74.53 US cents at 1141 AEST, compared with 74.25 US cents immediately before the 1130 ABS figures' release.

But by 1200 AEST, the Australian dollar was trading at 74.08 US cents.

http://www.smh.com.au/business/retail/retail-spending-up-1-per-cent-to-2589-billion-in-april-20170601-gwhx3l.html

Title: Re: Under Mal's financial brilliance Aust blooms
Post by AnotherJourneyByTrain on Jun 8^th, 2017 at 1:10pm

Is copper internet financial brilliance is it?

:o

That is the whole political history for the fake conservatives in the 21st century, end of story!

;)

Title: Re: Under Mal's financial brilliance Aust blooms
Post by John Smith on Jun 8^th, 2017 at 1:24pm

juliar wrote on Jun 8^th, 2017 at 8:47am:

The Australian dollar hit a one-month high on Wednesday as economists breathed a sigh of relief after the release of weak but as-expected first-quarter GDP growth figures.

only youliar would pretend this was a good result.
:D :D :D :D

Title: Re: Under Mal's financial brilliance Aust blooms
Post by Bam on Jun 8^th, 2017 at 1:50pm

juliar wrote on Jun 8^th, 2017 at 9:10am:

And the RBA backs Malcolm all the way to prosperity for Australia.

It is going to be so fkkn funny beating juliar over the head with its own frothy-mouthed nonsense when the looming recession hits in the next 12 months or so.

How did Juliar's prediction for the WA election pan out? It was so far off reality it's not on the same planet.

Title: Re: Under Mal's financial brilliance Aust blooms
Post by Leftwinger on Jun 8^th, 2017 at 2:12pm

Bam wrote on Jun 8^th, 2017 at 1:50pm:

juliar wrote on Jun 8^th, 2017 at 9:10am:

And the RBA backs Malcolm all the way to prosperity for Australia.

The biggest landslide defeat ever ;D

Title: Re: Under Mal's financial brilliance Aust blooms
Post by stunspore on Jun 8^th, 2017 at 4:45pm

Bam wrote on Jun 8^th, 2017 at 1:50pm:

juliar wrote on Jun 8^th, 2017 at 9:10am:

And the RBA backs Malcolm all the way to prosperity for Australia.

There is a correlation with the number of BS with how badly coalition is doing. A positive correlation.

Title: Re: Under Mal's financial brilliance Aust blooms
Post by juliar on Jun 8^th, 2017 at 5:41pm

Heavens! The thrilling story of Malcolm's success has gotten the Lefties in a state of distress (no not WA or SA).

Title: Re: Under Mal's financial brilliance Aust blooms
Post by juliar on Jun 8^th, 2017 at 11:14pm

With Malcolm's steady hand on the tiller it is steady as she goes as Australia slowly recovers from its almost mortally wounded state as a result of the criminal neglect of national responsibility by the Labor govt during their six sick years of Socialist waste and disgrace.

The OECD slams Labor's disgraceful housing policy as grossly irresponsible.

Fall in house prices is the biggest risk facing Australia: OECD
Colin Brinsden 7:53pm, Jun 7, 2017 Updated: 7:57pm, Jun 7

Australia's economy will be in trouble if house prices drop, warns the OECD Photo: Getty

Australian economic growth will reach a rate of almost three per cent by the end of 2018 and an improving environment will prompt the Reserve Bank to start raising interest rates later this year, according to The Organisation for Economic Cooperation and Development.

The OECD uses its latest Economic Outlook to paint this rosy picture of higher wages and employment growth as business investment gathers pace outside the mining sector, which will boost consumer spending.

The report comes after the Australian Bureau of Statistics figures showed the economy grew by 0.3% in the March quarter, for an annual rate of 1.7%.

However, the OECD warns the possibility of a large fall in house prices is the largest single risk facing the economy, which could reduce household wealth and spending and damage the construction sector, leading to significant job losses.

“Higher interest rates will relieve some of the pressure on the booming housing market,” the OECD said on Wednesday.

It will also help counter the build-up of other financial distortions that can accompany a sustained low-interest-rate environment.

Australian commodities linked to the Chinese economy remain an important source of income and growth, but also bring “uncertainty and risk”.

The Paris-based institution said poor weather has disrupted commodity exports and the rebound in commodity prices appears to have ended.

On the federal budget, it believes the government’s approach to deficit repair is “broadly appropriate” given the projected economic growth outlook.

However, it again urged the government to undertake further tax reform that makes greater use of efficient taxes, like the GST and land tax.

It also notes the country’s visa programs for migrant workers and citizenship conditions are being tightened.

“Care should be taken to ensure that these policies do not compromise Australia’s access to the global talent pool,” it said.
-AAP

http://thenewdaily.com.au/money/property/2017/06/07/house-prices-largest-single-risk-oecd/

Title: Re: Under Mal's financial brilliance Aust blooms
Post by Ye Grappler on Jun 9^th, 2017 at 12:45am

A bright shining light in the economic firmament....

Title: Re: Under Mal's financial brilliance Aust blooms
Post by juliar on Jun 9^th, 2017 at 10:35am

Labor's road to ruin economic "policy" goes up in flames ?

Title: Re: Under Mal's financial brilliance Aust blooms
Post by Ye Grappler on Jun 9^th, 2017 at 10:43am

Well, Mal had better bring his cash back onshore soon, before the entry door is locked on him, and pay his dues like a good citizen.

http://www.oecd.org/tax/ground-breaking-multilateral-beps-convention-will-close-tax-treaty-loopholes.htm

"07/06/17 - Ministers and high-level officials from 76 countries and jurisdictions have signed today or formally expressed their intention to sign an innovative multilateral convention that will swiftly implement a series of tax treaty measures to update the existing network of bilateral tax treaties and reduce opportunities for tax avoidance by multinational enterprises. The new convention will also strengthen provisions to resolve treaty disputes, including through mandatory binding arbitration, thereby reducing double taxation and increasing tax certainty."

No wonder the world's banks won't give Adani a loan.... though Australia is bending over backwards and biting the pillow to give him a shot at ripping us off. Must be some brown paper bags in it.

I assume Paleasschick will get a gig as an 'advisor' to Adani on around a mil a year paid in a tax haven after she cops the boot, sort of a Robb Job?

Title: Re: Under Mal's financial brilliance Aust blooms
Post by juliar on Jun 9^th, 2017 at 11:36am

Grappler,

you are being misled by the lying Lefty and Greenie propaganda.

Title: Re: Under Mal's financial brilliance Aust blooms
Post by Leftwinger on Jun 9^th, 2017 at 11:40am

.3% epic fail

Title: Re: Under Mal's financial brilliance Aust blooms
Post by juliar on Jun 9^th, 2017 at 12:03pm

LW,

that is a pretty weak response. Where is the hostile HATE the poster good stuff ?

And the ILLEGAL misquoting of another poster ?

LW U R letting the Lefty side down.

Title: Re: Under Mal's financial brilliance Aust blooms
Post by Bam on Jun 9^th, 2017 at 12:05pm

juliar wrote on Jun 8^th, 2017 at 5:41pm:

~~Heavens! The thrilling story of Malcolm's success has gotten the Lefties in a state of distress (no not WA or SA).~~

Why do you tell scurrilous lies?

Title: Re: Under Mal's financial brilliance Aust blooms
Post by Ye Grappler on Jun 9^th, 2017 at 12:08pm

juliar wrote on Jun 9^th, 2017 at 11:36am:

Grappler,

you are being misled by the lying Lefty and Greenie propaganda.

Yes - those 50-100 nations worldwide who realise now they are being robbed on a daily basis are all ferocious 'lefties'... if 'leftie' means being a supporter of the best for your people and nation - it is a proud title to wear.

I would rather have thought that the focus on national issues such as taxation haemmorhaging makes them 'righties' first and foremost.

On a historical scale - how long before we see a reversion to the old days of nation-states and their intense contesting with one another, unto war.....

Title: Re: Under Mal's financial brilliance Aust blooms
Post by Leftwinger on Jun 9^th, 2017 at 12:10pm

juliar wrote on Jun 9^th, 2017 at 12:03pm:

LW,

that is a pretty weak response. Where is the hostile HATE the poster good stuff ?

And the ILLEGAL misquoting of another poster ?

LW U R letting the Lefty side down.

The numbers don't lie , conservative politics in a modern economy is like curing dandruff by decapitation , rtard governments are being rejected across the globe :)

Title: Re: Under Mal's financial brilliance Aust blooms
Post by Bam on Jun 9^th, 2017 at 12:12pm

Its time wrote on Jun 9^th, 2017 at 11:40am:

.3% epic fail

The recession is coming.

Consumers are running up debt to maintain spending in the face of stagnant wages, and this is not sustainable. When consumers start to pull back their spending to match their declining incomes, purses and wallets are going to slam shut all around the country.

The only way the recession can be averted is for the greedy corporations to give back some of their additional profits in wage rises for their workers that they have unfairly withheld in the past four years. If they do not, their paradoxical approach of demanding low-paid workers and well-paid customers will bring them undone.

If the recession hits in the next 12 months, what little economic credibility the Coalition still have will be shredded, and they will get smashed at the next election in their biggest election defeat for 70 years. The Coalition are not encouraging businesses to boost the wages of their workers, and these workers - who are also voters - will be savage in their judgement at the ballot box.

Title: Re: Under Mal's financial brilliance Aust blooms
Post by Ye Grappler on Jun 9^th, 2017 at 12:14pm

Bam wrote on Jun 9^th, 2017 at 12:12pm:

Its time wrote on Jun 9^th, 2017 at 11:40am:

.3% epic fail

Already the retailers are whining that they can't sustain business and pay Sunday penalties... they reckon they need a break from the never-ending pressure....

Oh, well - they'll all learn once they collapse in numbers ...

Title: Re: Under Mal's financial brilliance Aust blooms
Post by Leftwinger on Jun 9^th, 2017 at 12:17pm

Bam wrote on Jun 9^th, 2017 at 12:12pm:

Its time wrote on Jun 9^th, 2017 at 11:40am:

.3% epic fail

The Libs are advocating a cut in penalty rates so it's blatantly obvious wallets will slam shut , mine slam shut sept 2013 , the company I work for have turned a 2.5 billion loss in to a 1.6 billion profit in 3 years , after they cut our wages 26% , now they're talking about another cut , trickle down is a myth

Title: Re: Under Mal's financial brilliance Aust blooms
Post by juliar on Jun 9^th, 2017 at 1:32pm

Gosh,

the Lefties "arguments" are so weak they can't even stand up without support.

Then they don't get much guidance from Bull Shorten except how not to eat a hotdog.

Now come on Lefties and spew your HATE and frustration!!! It is quite therapeutic.

Title: Re: Under Mal's financial brilliance Aust blooms
Post by AnotherJourneyByTrain on Jun 9^th, 2017 at 2:01pm

juliar wrote on Jun 9^th, 2017 at 1:32pm:

Go copper internet I say out loud yayyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy ::)

Title: Re: Under Mal's financial brilliance Aust blooms
Post by AnotherJourneyByTrain on Jun 9^th, 2017 at 2:03pm

Grappler Deep State Feller wrote on Jun 9^th, 2017 at 12:14pm:

Bam wrote on Jun 9^th, 2017 at 12:12pm:

Its time wrote on Jun 9^th, 2017 at 11:40am:

.3% epic fail

Screaming for more chatels no less... go dodgy figues, propaganda and thus the fake conservative view of a word called 'capitalism' :D :D :D :D :D

What exactly is usury the world asks players such as Turnbull?(... and of course the famously injured juliar aka the-one-and-only-joke-of-the-whole-world-wide-inter-webs!)

8-)

Title: Re: Under Mal's financial brilliance Aust blooms
Post by Sir lastnail on Jun 9^th, 2017 at 3:14pm

juliar wrote on Jun 8^th, 2017 at 9:42am:

If house prices cool then your whole debt ladened fake service economy is cooling because you have nothing else to cool down except excessive house prices and all of the hangers on to it.

Title: Re: Under Mal's financial brilliance Aust blooms
Post by Sprintcyclist on Jun 9^th, 2017 at 3:30pm

Its time wrote on Jun 9^th, 2017 at 12:17pm:

Bam wrote on Jun 9^th, 2017 at 12:12pm:

Its time wrote on Jun 9^th, 2017 at 11:40am:

.3% epic fail

Wow, that is a savage cut.

Yes, I think we are very far overdue for a recession.

Title: Re: Under Mal's financial brilliance Aust blooms
Post by Bam on Jun 9^th, 2017 at 9:27pm

Its time wrote on Jun 9^th, 2017 at 12:17pm:

Bam wrote on Jun 9^th, 2017 at 12:12pm:

Its time wrote on Jun 9^th, 2017 at 11:40am:

.3% epic fail

This is why profit sharing should be a mandatory part of any agreement that cuts wages.

Title: Re: Under Mal's financial brilliance Aust blooms
Post by Leftwinger on Jun 9^th, 2017 at 9:39pm

Bam wrote on Jun 9^th, 2017 at 9:27pm:

Its time wrote on Jun 9^th, 2017 at 12:17pm:

Bam wrote on Jun 9^th, 2017 at 12:12pm:

Its time wrote on Jun 9^th, 2017 at 11:40am:

.3% epic fail

This is why profit sharing should be a mandatory part of any agreement that cuts wages.

Had profit sharing back in 2001 ~ 2004 , remarkable the productivity increase when you got a pretty bloody good bonus for being and feeling part of the company and getting paid out 20 sickies if you still had your 10 sickies left after your anniversary .

Then you get the fwit bosses these days, thanks for your efforts .

You head off to Coles and check out chick says 124 bucks

You say thanks

She looks at you strangely and says that's 124 bucks thank you

You say " thanks " all confused , my boss said thanks to me , surely it will pay my bills :-/

Sorry sir , thanks doesn't put food on the table no matter how fuzzy it makes you feel

Title: Re: Under Mal's financial brilliance Aust blooms
Post by Ye Grappler on Jun 9^th, 2017 at 11:04pm

Sir lastnail wrote on Jun 9^th, 2017 at 3:14pm:

juliar wrote on Jun 8^th, 2017 at 9:42am:

If house prices cool then your whole debt ladened fake service economy is cooling because you have nothing else to cool down except excessive house prices and all of the hangers on to it.

Plenty of dead meat waiting for Chinese investors getting a low to zero interest loan from their government to buy up the West... cultural assimilation by capitalism the other way around now....... the West did it to them - now they're doing it to us.....

Austrochine - here we come! Unless the government decides the only course of action is to ban foreign housing investment here.... imagine the whining that would bring on..... like engine test day at a huge air base.....

Title: Re: Under Mal's financial brilliance Aust blooms
Post by Bam on Jun 9^th, 2017 at 11:07pm

Grappler Deep State Feller wrote on Jun 9^th, 2017 at 11:04pm:

Austrochine - here we come!

It's inevitable ... Australia is going to bang into China in about 80 million years thanks to continental drift.

Title: Re: Under Mal's financial brilliance Aust blooms
Post by Ye Grappler on Jun 10^th, 2017 at 1:30am

Bam wrote on Jun 9^th, 2017 at 11:07pm:

Grappler Deep State Feller wrote on Jun 9^th, 2017 at 11:04pm:

Austrochine - here we come!

It's inevitable ... Australia is going to bang into China in about 80 million years thanks to continental drift.

You think oceans apart make a difference to an Empire?

You got a lot to learn....

Title: Re: Under Mal's financial brilliance Aust blooms
Post by Ajax on Jun 10^th, 2017 at 9:07am

juliar wrote on Jun 8^th, 2017 at 8:47am:

Hey Jules babe with all the jobs he's off shoring he had to make it look as though he's also creating something.

It's not a bad thing of course most of our cities need upgraded infrastructure and jobs.

I'm going to be waiting a long time before I vote for one of the big boys again maybe never in my life time.

I want one of those fat heads to say, if you operate a company in Australia then you HAVE to use AUSTRLIAN WORKERS.

Hope they don't import any labor for those infrastructure works.

Title: Re: Under Mal's financial brilliance Aust blooms
Post by AnotherJourneyByTrain on Jun 10^th, 2017 at 1:56pm

Sir lastnail wrote on Jun 9^th, 2017 at 3:14pm:

juliar wrote on Jun 8^th, 2017 at 9:42am:

If house prices cool then your whole debt ladened fake service economy is cooling because you have nothing else to cool down except excessive house prices and all of the hangers on to it.

juliar is fake news: trying to own the internet because that's all planet accountants know how to do!

Title: Re: Under Mal's financial brilliance Aust blooms
Post by juliar on Jun 11^th, 2017 at 11:44pm

The Lefties are proving again that they couldn't argue their way out of a paper bag.

But the Essential Poll has Malcolm steadily gaining. Those in the know expect to see Newspoll keep propping up Shorty until close to the election when Newspoll will suddenly dump Shorty and show the true situation with the Libs streaking ahead.

Malcolm Turnbull's Liberals lift primary vote
AAP Paul Osborne 5 days ago

The Liberal party has lifted its primary vote to its highest level since November 2016.

The latest Essential poll gives the Liberals a 36 per cent primary vote, with the Nationals on three per cent and Labor on 37 per cent.

It comes amid a public debate around national security and tackling terrorism, which is traditionally a strong issue for the coalition.

The latest Essential poll gives the Liberal party its strongest primary vote since late last year.© AAP Image/Mick Tsikas

The Liberals' primary vote was wallowing at 31 per cent in mid-March, dogged by voter anger over penalty rate cuts while promising big businesses a tax break.

Labor leads in two-party terms 52-48, which is the narrowest gap in the poll since late February.

http://www.msn.com/en-au/news/australia/malcolm-turnbulls-liberals-lift-primary-vote/ar-BBC8WQ5

Title: Re: Under Mal's financial brilliance Aust blooms
Post by juliar on Jun 12^th, 2017 at 9:28am

Malcolm's financial genius is on display again as he brilliantly cools the housing market without causing any undesirable impacts on the Aust economy.

What a contrast to blundering Bull the union brown noser who wanted to use Socialist crash and bash tactics as dictated by the unions which would have had catastrophic implications for the Aust economy.

Advance Australia Fair with Malcolm's help.

One can almost see the Lefties perched on their armchairs furiously waving the arms around grimacing and wincing with horror as they hastily rummage thru the piles of rubbish in the Lefty Propaganda Sites looking for some prepared response!!

Homes feel the chill as rates heat up
SAMANTHA HUTCHINSON Victorian State Political Writer Melbourne The Australian 12:00AM June 12, 2017

A cooling streak is making its presence felt on the national housing market, with agents and analysts reporting a steep plunge in auction volumes and less aggressive bidding over the Queens Birthday weekend.

Auction volumes around the country plunged to their lowest levels since Easter on the weekend, typically regarded as one of the weakest in the year, with the 1265 homes going to market down from 2578 the previous week.

Buyers in Sydney, Melbourne and Adelaide bought about three-quarters of the homes up for auction even as volumes fell as much as a third, while clearance rates in Canberra, Brisbane and Tasmania reached 66 per cent.

While the national clearance rate reached just over 71 per cent, the dramatically reduced flow of homes to market has been seen by some as more evidence that interest rate hikes, stagnant wages and clamps on investor loans are bringing an end to the property market’s near five-year bull run.

Buyers are still turning up in big numbers for auctions but the prospect of interest rate rises means bidding is more measured, according to economist Andrew Wilson.

“The further away we get from the prospect of interest rate cuts, the less energy we have to push prices higher,’’ he said.

“And incomes are so flat that buyers just don’t have as much room to stretch any more.

“But that doesn’t mean it’s not a robust market ... there are still so many more buyers than sellers.”

The result follows a surprise May in which Sydney and Melbourne recorded the second consecutive month of house price falls, which prompted speculation that prices had run ahead of buyers uncertain about borrowing costs.

It also comes at the end of a week in which ANZ slugged investors holding interest-only loans with a 74 basis-points hike, in a move designed to push them into principal-and-interest loans, which are more sustainable.

Amid the weakening conditions, Sydney recorded the strongest Queen’s Birthday weekend on record, with 610 homes going to auction.

In Melbourne, just 400 homes were put under the hammer, while Perth sold half of the 42 homes put up for auction.

Brisbane-based agent Damon Warat said sales volumes for his office were up 20 per cent this year on last year, but said prices were becoming more predictable.

“Money is still cheap, but it’s possible that buyers aren’t stretching themselves as much as they used to because they know it’s inevitable that rates will keep going up,” he said.

“Having said that, prices in Brisbane are still moving up and I’ve had a couple of buyers say they’re not concerned about rate rises because they think values will move faster.”

He is also fielding several inquiries a month from professionals and families moving back to Brisbane from Sydney or Melbourne, in search of an affordably priced family home. “We’re now selling about one a month, but they’re always on the phone,” he said.

Melbourne-based agent Jock Langley has been capitalising on expatriate interest to sell some of his big-ticket listings, at a time when stock is tight and local say they are waiting until spring.

“Generally speaking, the market is firm and buyer demand outweighs supply but there’s certainly plenty of activity from the expat market,” he said.

Mr Langley netted about $5 million this week, selling an Allan Powell-designed home at Evans Road in Kew to an Asian-based expat family.

http://www.theaustralian.com.au/business/property/homes-feel-the-chill-as-rates-heat-up/news-story/73feabcf3471890d20312985757d8bb5

Title: Re: Under Mal's financial brilliance Aust blooms
Post by AnotherJourneyByTrain on Jun 13^th, 2017 at 1:07pm

juliar is fake news :D :D :D