aussiebear Posted April 10, 2017 Report Share Posted April 10, 2017 Early openers not sure whether they're coming or going: Kiwis +0.1%, Aussies +0.5%, Japan +0.8% and Sth Korea -0.6%.Utilities out in front, +1% with Gold the only Aussie down sector, -1.1%. Link to comment Share on other sites More sharing options...
aussiebear Posted April 10, 2017 Author Report Share Posted April 10, 2017 https://au.finance.y...com/intlindices Link to comment Share on other sites More sharing options...
aussiebear Posted April 10, 2017 Author Report Share Posted April 10, 2017 http://money.cnn.com...s/morning_call/http://www.kitco.comhttp://www.kitconet....ase_metals.html Link to comment Share on other sites More sharing options...
aussiebear Posted April 10, 2017 Author Report Share Posted April 10, 2017 http://www.engrish.com/2016/09/office-edition/ Menu from Taiwanese restaurant in Shanghai, China. Link to comment Share on other sites More sharing options...
Rationalize Posted April 10, 2017 Report Share Posted April 10, 2017 http://www.capitalstool.com/forums/index.php?showtopic=12955&p=926131 Re Housing bubble, Australia. Friends working as RE agents in Sydney say, "you have to speak mandarin to find buyers, and speak English to find sellers". And you find them. Older Australians are selling, at prices comparable to **40 years of wages**, for one single family home. Younger Australians renting, sharing with 4 roommates in a two room apartment. Often young Shanghainese couples buying .. and paying similar per-square-meter prices as they would in Shanghai. Retail shops in some areas being bought, and left vacant. Approx 1.3M Australian citizens own property they don't live in (6.5% of the population). There are tax breaks here that allow the deduction of mortgage interest against income unrelated to the property investment -- so long as you don't live in it. Buy a home to live in, and you pay income tax, then pay the interest bill with post-tax money. Link to comment Share on other sites More sharing options...
SiP Posted April 10, 2017 Report Share Posted April 10, 2017 Thanks Rationalize. Amazing stupidity. They should cancel tax breaks and add tax on foreign investment in RE (llike canadians did last year - 15%tax on home if you dont live in it). Link to comment Share on other sites More sharing options...
Rationalize Posted April 10, 2017 Report Share Posted April 10, 2017 I agree. However, It feels like nearly everyone here is long RE. The mantra is: "What's good for the RE market is good for the country" Saying otherwise is un-Australian. Link to comment Share on other sites More sharing options...
aussiebear Posted April 10, 2017 Author Report Share Posted April 10, 2017 It will all end in tears...looked what happened to real estate in the north of Western Australia after the mining boom ended...gotta have the $ even if it's an interest only mortgage. Quite a number of investment property owners have done private rental deals just to find their properties trashed by drug growers...beware the 6 months rent-in-advance offers.. Link to comment Share on other sites More sharing options...
aussiebear Posted April 10, 2017 Author Report Share Posted April 10, 2017 All Ords fluffed up a touch after a rumour that BHP may demerge petroleum assets.. The index finished +0.8% led by Miners +2.5% and Materials +2.1%. IT was the only down sector, -0.2%.Over in Asia, China -0.5%, Hong Kong flat, Japan +0.7%, India currently -0.3%. On to UK/Europe: https://au.finance.yahoo.com/ Link to comment Share on other sites More sharing options...
DrStool Posted April 10, 2017 Report Share Posted April 10, 2017 The eight ball finally caught up with me. 11 hour delay on the train home on Saturday night stuck behind a broken down CSX freight. Amtrak should just shut down its long haul trains where they don't own the track. It's a joke. I got home at 4 AM Sunday instead of 5 PM on Saturday. It will take me a few days to dig out. Link to comment Share on other sites More sharing options...
DrStool Posted April 10, 2017 Report Share Posted April 10, 2017 3 day cycle projection 2367-68 also top of minor channel. Link to comment Share on other sites More sharing options...
tema9 Posted April 10, 2017 Report Share Posted April 10, 2017 The eight ball finally caught up with me. 11 hour delay on the train home on Saturday night stuck behind a broken down CSX freight. Amtrak should just shut down its long haul trains where they don't own the track. It's a joke. I got home at 4 AM Sunday instead of 5 PM on Saturday. It will take me a few days to dig out. In 10 years you will telling people how good it was in the old days, just after your self driving car gets hacked and you end up in Baltimore. Link to comment Share on other sites More sharing options...
DrStool Posted April 10, 2017 Report Share Posted April 10, 2017 Could get ugly if they break it here. Link to comment Share on other sites More sharing options...
DrStool Posted April 10, 2017 Report Share Posted April 10, 2017 2350-51 is the level they need to take out. Link to comment Share on other sites More sharing options...
SiP Posted April 10, 2017 Report Share Posted April 10, 2017 In 10 years you will telling people how good it was in the old days, just after your self driving car gets hacked and you end up in Baltimore. Hahahhaha so true Link to comment Share on other sites More sharing options...
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