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NEWS PAPER OR MEDIA ARTICLES, ANYTHING INTERESTING
triage
post Posted: Feb 21 2019, 11:33 AM
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In Reply To: mullokintyre's post @ Feb 21 2019, 11:03 AM

Mick - though as it was pointed out on macrobusiness employment is a lagging indicator, many of the leading indicators are showing that a downturn will make itself obvious in a couple of months or so.


And yeah lots of the stats are totally screwed up by the unprecedented numbers of migrants being allowed in. For instance I saw that after scummo promised to create a million new jobs some analyst worked out that almost all the new jobs will be created as a result of the migration numbers and that almost all of the jobs created will go to migrants, not locals. So in terms of GDO per capita, wages growth and unemployment levels things will continue to go backwards. This country is likely already in a recession but no one knows about it (it's our wile e coyotee moment).

https://www.youtube.com/watch?v=Gq_bjaI0NTo




--------------------
"The market can stay irrational longer than you can stay solvent." John Maynard Keynes

"The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought." Rudiger Dornbush

Mozart fixes everything and Messi is a dog
 
mullokintyre
post Posted: Feb 21 2019, 11:03 AM
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In Reply To: triage's post @ Feb 21 2019, 09:49 AM


QUOTE
But anyway I reckon there is more to it than just local brands suffering from competition from foreign operators. In the two big shopping centres I frequent in the ACT there are shopfronts boarded up all over the place. I remember in the months leading into the 1990 recession you could see a wave of shops being vacated in regional cities and suburban centres. It was only when the full force of the recession hit that the effects became manifest on the high street. This time around even A grade retail locations are buckling even though talk of a recession is still only on the margins.


And yet surprisingly, January had a strong growth in full time jobs.



QUOTE
Australian employers have started the year on the hunt for workers, with 39,100 new jobs being created in January.

The surge in recruitment targeted full-time work, with an impressive 65,400 positions added, while part-time work fell by 26,300 jobs.

However, it was not enough to move the unemployment dial, which stayed put at 5 per cent in seasonally adjusted terms.

The solid number saw a spike in the Australian dollar which jumped back above 72 US cents.

From ABC News

Given the level of immigration, its no great surprise that the unemployment rate stays the same.
However, one suspects that if the level of immigration were cut, the no of jobs required would also fall.
Would be great to have a free reign to acess the Bureau of Stats database.
Would be a data miners dream. Particularly if one could cross reference it with the ATO database.

Mick



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sent from my Olivetti Typewriter.
 
triage
post Posted: Feb 21 2019, 09:49 AM
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He said another chain in the same boat was women's fashion house Maggie T, which was created in the image of fashion icon Maggie Tabberer.

"Maggie T was something of the past," he argued.

"It was nice, it was quaint, but it wasn't resonating with the greater bulk of the Australian consuming public."

Yeah I reckon that is a strange thing to say about Maggie T given that the brand was set up to cater for women of greater bulk.

https://www.abc.net.au/news/2019-02-21/aust...tition/10832062

But anyway I reckon there is more to it than just local brands suffering from competition from foreign operators. In the two big shopping centres I frequent in the ACT there are shopfronts boarded up all over the place. I remember in the months leading into the 1990 recession you could see a wave of shops being vacated in regional cities and suburban centres. It was only when the full force of the recession hit that the effects became manifest on the high street. This time around even A grade retail locations are buckling even though talk of a recession is still only on the margins.



--------------------
"The market can stay irrational longer than you can stay solvent." John Maynard Keynes

"The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought." Rudiger Dornbush

Mozart fixes everything and Messi is a dog
 
nipper
post Posted: Feb 18 2019, 04:30 PM
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Thanks: 1979


QUOTE
social media-wielding Democrat congresswoman Alexandria Ocasio-Cortez cheered at the loss of so many jobs (with the announcement Amazon won't proceed with their NY second HQ), chalking it up as a win for grassroots activism.

"Anything is possible," she wrote in a Tweet. "Today was the day a group of dedicated, everyday New Yorkers & their neighbours defeated Amazon's corporate greed, its worker exploitation, and the power of the richest man in the world."

Seen by many as foolhardy gloating, Ocasio-Cortez's stance quickly drew heat, including from her own side.

"It used to be that we would protest wars, now we're protesting jobs," said Democrat Carolyn Maloney.
... also known as "Occasional Cortex"



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: Pendragon  
 
nipper
post Posted: Feb 9 2019, 01:52 PM
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some may agree, many won't ... but worth a listen
Milton Friedman Speaks - Myths That Conceal Reality
QUOTE
Five myths cloud our perception of both the past and the present:
(1) The "robber baron" myth, which holds that in late nineteenth-century America there were powerful men who became rich at the expense of the poor. The reality is that they became wealthy by being productive, and that there is no other period in history which saw such a rapid and widespread improvement in the well-being of the average individual;
(2) The myth that the Great Depression was caused by a failure of business, when it was, in fact, produced by a failure of government and specifically by the Federal Reserve System;
(3) The myth that government in the economy has expanded in response to public demand, when, actually, the public has had to be sold "hard" for politicians to enact every major social program;
(4) The "free lunch" myth, which forces the individual to pay more, no matter how the government raises money - by taxing individuals, by taxing businesses, or by printing more money; and
(5) The myth that government, like Robin Hood, transfers wealth from the rich to the poor, when the reality is that the government usually transfers wealth and income from both the very rich and the very poor to those in the middle.

https://www.youtube.com/watch?v=xNc-xhH8kkk



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: mullokintyre  Pendragon  
 
mullokintyre
post Posted: Feb 8 2019, 05:40 PM
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QUOTE
Make no mistake, Donald Trump kicked off his campaign for 2020 on Tuesday night when he delivered the State of the Union address.

Expect "socialism" to become a very dirty word (if it isn't already).

"Here in the United States, we are alarmed by new calls to adopt socialism in our country," the President said, adding: "Tonight, we resolve that America will never be a socialist country".



From ABC NEWS



I would have thought that Dilma Rousseff in Brazil, Hugo Chavez and Nicholas Maduro in Argentina, Evo Morales in Bolivia, just to name a few, would have already made Socialism a dirty word in America.

Slightly off topic, Americas latest brightest influencer, the avowedly socialist Alexandria Ocasio-Cortez, has been rather cruelly nicknamed "Occasional Cortex", in reference to her seemingly talking before thinking.


Mick



--------------------
sent from my Olivetti Typewriter.

Said 'Thanks' for this post: henrietta  Pendragon  
 


nipper
post Posted: Jan 31 2019, 03:28 PM
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QUOTE
[At Davos], historian Rutger Bregman was speaking on a panel about taxes, and questioned billionaire attendees' use of fuel-guzzling private jets to come to a conference with a strong focus on tackling climate change.

"This is my first time at Davos and I find it quite a bewildering experience to be honest," he said. "I mean, 1,500 private jets flown in to hear David Attenborough speak about how we're wrecking the planet.

"I hear people talking the language of participation and justice and equality and transparency.

"But then almost no-one raises the real issue of tax avoidance, right, and of the rich just not paying their fair share.

"It feels like I'm at a firefighters' conference and no-one's allowed to speak about water."
https://mobile.abc.net.au/news/2019-01-31/d...speech/10766504



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: dr_dazmo  
 
henrietta
post Posted: Jan 30 2019, 11:53 AM
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The US will shiver this week in a once-in-a-generation deep freeze, forecasters warn.
The most extreme arctic blasts, caused by a spinning pool of cold air known as the polar vortex, could bring temperatures as low as -53C (-64F).


Where we lived in Alberta ,Canada, it was unusual, but still happened regularly in winter, that temperatures dropped below -45F and the propane would solidify in gas tanks.
Problem was that the propane was primarily used to heat the homes/ house trailers. Lighting fires under the propane tank was not advised, but still happened !!

Cheers
J

 
nipper
post Posted: Jan 11 2019, 10:24 AM
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How does your income compare

http://mattcowgill.com/2018/03/23/how-does...income-compare/



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
triage
post Posted: Dec 13 2018, 06:08 PM
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In Reply To: mullokintyre's post @ Dec 13 2018, 03:56 PM

The Washington Post is running with the story with a major article on its website. All over red rover. Trying to impose a media blackout these days is as effective as having an ashtray on a motorbike.



--------------------
"The market can stay irrational longer than you can stay solvent." John Maynard Keynes

"The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought." Rudiger Dornbush

Mozart fixes everything and Messi is a dog
 
 


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