Posts Tagged ‘Julia Gillard’

rsimeon

Buyers Aren’t Seasonal – Vendors Are

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If the current federal election is anything to go by – a pivotal role that has emerged has been the aggression expressed on social media – yes our new digital economy. This in – turn has led to the most combative and often under – handed strategies ever seen before on the political arena. If this is what is now to be the new norm – the next three years will be very interesting.

In the run – up to this Saturday’s election the economy has rightfully taken front and centre where it should be noted that the Australian economy is performing very well when compared to other western economies. more »

rsimeon

When home grown was best!

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What if the GFC is permanent? Well, permanent is a tad over the top although I do agree with IMF chief economist “that the world would not recover from the financial crisis until at least 2018.” When we look at our home front today, we see Australia’s growth straight jacket given the peaking of the mining boom and historically low interest rates which will result in increased debt in our housing markets. There is no mistaking we are in an entirely new business world where unemployment will increase as businesses engage and employ cheaper alternatives via … more »

rsimeon

Is The Property Market Crashing In Or Cashing In?

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Here we go again – global financial markets went into yet another tail spin this week as they collectively expressed concerns about world growth and financial stability. Global credit markets face a ‘perfect storm’with companies across the world having to raise $40 trillion to finance upcoming debt. On top of this, in the March quarter, China’s economy grew at its slowest rate in three years.

I read with interest this week the Macquarie Economics Research Global Economics Update – Confidence ebbs, worries revive. “Against this background, our key macro forecasts have been altered to reflect some concern about growth trajectories of aggregate … more »

rsimeon

Australia is now in a white collar recession!

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The “world’s greatest treasurer” Wayne Swan rejects nation’s ‘low productivity’ tag by declaring that Australia punches above its weight in the global productivity stakes, while attacking critics who blame slow productivity growth on Labor’s workplace laws. In a startling revelation, he declared that Labor had long term policies in place to deal with Australia’s productivity slump. These included skills and education reforms, the National Broadband Network and putting a price on carbon. Wayne, productivity needs ailing infrastructure to be remedied to bring it into the 21st Century.

My point was further highlighted this week when more »

rsimeon

The Mosman Ring Of Confidence Is Shining Through

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The global financial crisis (GFC) for most of us has been a frustrating and fascinating exercise in understanding human behaviour. We now know that when the property market is booming, buyers are more than happy to pay well above the market value simply because consumer sentiment is strong. So when consumer sentiment is down, the market won’t engage, even though prices have been heavily discounted. Whilst the discount theory works very effectively in retail, it is abundantly clear that it definitely does not work in the acquisition of real estate. The reason why is quite simple. The mentality engages in short–term, but when the market is booming, the train … more »

rsimeon

Australia is “trending” differently to world economies!

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The Reserve Bank of Australia (RBA) releases today its Minutes explaining why it decided to keep the cash rate on hold. Here is the real reason why. The National Australia Bank (NAB) released its business survey yesterday for the December quarter 2011. “Business conditions strengthened in the December quarter, following a moderation in activity in the previous quarter, and were suggestive of an economy growing at around trend. The pickup in conditions in the quarter was attributable to broad – based improvements in profitability, employment and trading conditions. Forward indicators of near – term demand, including forward orders, stocks and capacity utilisation, all rose in the quarter, implying an expectation … more »

rsimeon

Wayne’s ‘Swan Song’ – He’s Obviously Tone Deaf!

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I’m not sure which quote will go down as the dumbest in 2011. Our Prime Minister, Julia Gillard, was the orator of the two that I believe win hands down. The first “there will be no carbon tax under the government that I lead” we all know what happened with that. The second is “the Government remains committed to returning the budget to surplus by 2012 – 13.”

The latter quote was succinctly critiqued by Future Fund chairman David Murray who hit out at the Australian government – Murray slams Gillard’s crisis response: report. Mr Murray told The Australian that the Labor … more »

rsimeon

Something just happened to the Mosman property markets!

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Albeit a brief visit (28 hours), it is not that often that the world’s most powerful identity lands on our shores where by the sounds of things Australia is set to become the fifty third State of America. With America’s future lies with Asia – Pacific region, Obama says where in an historic address to the Australian Parliament “As President, I have therefore made a deliberate and strategic decision – as a Pacific nation, the United States will play a larger role and long – term role in shaping this region and its future – by upholding core … more »

rsimeon

It’s Up Up And Away Or Out Out And Away!

Another mad week in Australia with Qantas (Queer And Nasty Try Another Service) shutting down all operations to create a massive spat with allegations that the government ignored warnings about Qantas grounding: Alan Joyce. We then heard that Qantas CEO Alan Joyce made a phone call to PM Julia Gillard but was ignored. This became all the more ironic when the PM made an urgent call recently to a fourteen year old boy who was arrested recently for buying marijuana in Bali. So Labor’s … more »

rsimeon

Mosman’s number is up – but is the market up to it?

 

We have been waiting all year for the Mosman housing market to mount a formidable challenge to the market – this week it’s officially game – on. Three weeks ago there were 115 houses on the market, last week it increased to 133, this week on Domain it has jumped to 147 which is the highest number of houses we have seen throughout 2011. Given Mosman has (approximately) 4,900 houses,  is approximately (actually just under) 5 per cent of the total volume which is the exact target number and where the market should be under normal market trade conditions.

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rsimeon

Of Course I Hear You – I’m Just Not Listening!

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Allow me to pose a hypothetical question – if the Australian federal government was listed on the ASX what do you think the share price would be doing? This week we saw a right for Julia Gillard, but anger growing – a carbon tax from July 1 next year is now guaranteed yet the ongoing debate is far from over. This week we read another Newspoll in The Australian where the Gillard government sits on a very ordinary primary vote of 26 per cent and the Coalition cruising along on 48 per cent. Makes one wonder if … more »