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 Post subject: Re: Ominous signs in Australia
PostPosted: Thu Jan 03, 2019 11:51 pm 
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The AUD dropped to 67cent to the US dollar temporarily overnight before regaining some of the drop. Hell of a drop. Just what would happen if they actually dropped rates and implements QE ?

Time to get some Euros? Or USD?


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 Post subject: Re: Ominous signs in Australia
PostPosted: Fri Jan 04, 2019 5:05 am 
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Quote:
Australian car sales fell during December, capping off the worst year for vehicle sales since 2014 as more than 35,000 fewer cars were sold during 2018.

The figures for December were particularly bad, with national vehicle sales for the month 14.9 per cent lower than in December 2017, with sales in Holdens and Fords continuing to soften.

Holden sales fell by close to 30,000 in 2018 while Ford lost 9,000 sales.

"New vehicle sales results in 2018 reflect a challenging climate across the Australian economy including a slowing housing market, tightening of money-lending, and the drought," said Federal Chamber of Automotive Industry chief Tony Weber.

https://www.smh.com.au/business/markets ... 19pcn.html


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 Post subject: Re: Ominous signs in Australia
PostPosted: Fri Jan 04, 2019 5:56 am 
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Aussie Finance minister

Quote:
After leaving Canberra Josh spent a month as a jackaroo on a sheep station in South Australia before joining Deutsche Bank as a Director of Global Banking in January 2005. Later that year Josh took leave to complete a Masters of Public Administration (MPA) at Harvard University’s Kennedy School of Government, before returning in 2006 to Deutsche Bank in Melbourne.

https://joshfrydenberg.com.au/about-josh/


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 Post subject: Re: Ominous signs in Australia
PostPosted: Mon Jan 07, 2019 11:05 am 
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Australia braces for hard landing in housing market

https://www.irishtimes.com/business/eco ... -1.3749277


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 Post subject: Re: Ominous signs in Australia
PostPosted: Wed Jan 09, 2019 2:49 am 
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https://www.abc.net.au/news/2019-01-09/ ... r/10702000

Quote:
Apartment approvals plummet 54pc since last year


Job losses come next

Image

Image
https://www.businessinsider.com.au/aust ... gdp-2019-1


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 Post subject: Re: Ominous signs in Australia
PostPosted: Wed Jan 09, 2019 4:51 am 
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https://www.smh.com.au/business/the-eco ... 50qd5.html

Quote:
Vacancies in the private sector rose 1.1 per cent to 220,000, again the highest on record. That was up 13.5 per cent on the previous year.

The public sector saw vacancies increase 4 per cent to 21,600.


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 Post subject: Re: Ominous signs in Australia
PostPosted: Wed Jan 09, 2019 11:55 am 
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Blindjustice BATONEFFECT wrote:
https://www.smh.com.au/business/the-economy/australia-job-vacancies-rise-to-fresh-record-20190109-p50qd5.html

Quote:
Vacancies in the private sector rose 1.1 per cent to 220,000, again the highest on record. That was up 13.5 per cent on the previous year.

The public sector saw vacancies increase 4 per cent to 21,600.


A good time to snap up a public sector job if you're currently in real estate.


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 Post subject: Re: Ominous signs in Australia
PostPosted: Fri Jan 11, 2019 12:49 am 
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https://www.ft.com/content/94d92078-130 ... f78404524e

100k price reductions, free ipads and rental guarantees to try and nab some buyers!


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 Post subject: Re: Ominous signs in Australia
PostPosted: Fri Jan 11, 2019 7:42 am 
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They already have found their economist to blam talking down the economy - Steve Keen.
He, like McWilliams, was many years early.
But he, too was right and it's going to be a mighty collapse. It'll be interesting to see what el gov in Oz does, they're much more invested in the bubble than even Irish governments were.

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So long and thanks for all the fish.


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 Post subject: Re: Ominous signs in Australia
PostPosted: Sun Jan 13, 2019 11:00 pm 
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Weird, just opened the page and this ad for buying property in Australia with a foreign mortgage popped up. Spreading the net wider.
https://imgur.com/a/5oV6ivq
I hadn't looked at this thread since the last post and I'm browsing from England, is it popping up in Ireland?

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