A Personal Review of Global and more particularly Australian Politics, Economics - Finance - Investment, Social Issues, Well Being and anything else that springs to mind.

I can be contacted at

Email: Andrew@andrewdturner.info

Twitter:  @adt_fx
            @adt_banks

View Andrew Turner's profile on LinkedIn
ANDREW D TURNER.INFO                adt
Latest Commentary:
Expanded versions of articles can be viewed via the appropriate label above or to the left of this page.

Views expressed on this website are entirely those of the author and owner (Andrew Douglas Turner Snr), and should in no way be related to his Family, Employer/s, Corporate or any other connections.

Banking - Finance - FX

Banking Update - Australian Residential Mortgage Lending – Housing Prices – 1 August 2015

Australian Major Banks’ response to the increased capital requirement of several billion dollars each against Residential Investment Property Lending (approximately 30% of Residential Mortgage Lending Portfolios) has been to raise variable investment interest rates by around 27bp-29bp. Whilst this is possibly only preliminary action, to Property Investors this is a relatively low additional cost. Against possible 5%-10% property price gains per annum over the medium to longer term, to date this is an insignificant cost…………………………………………………………..

continued on Finance & Economics page or viewable as pdf on link following -
Aus_Banks_Residential_-_Capital_-_Disruption_-_FX_-_2_-_1_Aug_2015.pdf
454.2 KB


Finance & Economics

Australian Banks - Preview Of Forthcoming Aus Bank Review (delayed by additional Business pursuits and Employment).

The Sector has been clearly over-priced, but for obvious reasons. There ain't that much else ......................................................

Australian Banks - Full Year / Q3 June 30 Results - 21 August 2013

$NAB Q3-9mths ytd ~$4.4B. Basel III T1 8.4%, Exp/Inc 43.2%, NIM 2.0%, ImpAss/L&Adv's 1.20%, Prov's/ImpAss 30%, ROE 14.8%, P/BV 1.8x, Div Yield 5.85% #ausbiz ............................................


adt_fx Weekly Review & Outlook - 10 August 2013  -  Vol 1 #3


AUDUSD - .............................The “Battler” pulled up its boot straps on the RBA rate decision (Tuesday 6 Aug) – decrease 25bp, and rallied through the rest of the week. The cut had become a virtual certainty as the market eventually cottoned-on to the previous months’ debate and the parlous state of the economy........................... ..........................................................

adt_fx_Weekly_-_10_August_2013.pdf
509.6 KB

Aus CPI  June Q 2013  –  28 July 2013

Australia’s June Quarter CPI came in at 2.4%p.a and 0.4% for the June Quarter. These figures were considered tolerable, being in line with target band and therefore not un-accommadating of further interest rate cuts.

Of more interest however was the main categories of price rises. Only the core Household life essentials ..................................

Quotable Quotes – Week 21 -28 July 2013

Two very funny quotes from the week past. Funny, as they can only have been made in jest, I hope, and I myself at least shall treat them and believe them to be such. ..........

adt_fx Weekly Review & Outlook – 28 July 2013

Not to be taken as Recommendations. This is purely a Review of Economics and Market Assessments made in the process of conducting Personal (biz - unincorporated) and Corporate (com - incorporated) Business including FX Trading. It may include Economics, Equities, FX and Commodities Market Reviews and Comment regarding individual Securities in any of those Markets.

General Theme/s

There appears to be a mid cycle re-balancing of Emerging Market – EM and Developed World .........................................................  

Andrew D Turner
andrew@andrewdturner.info


Aus Unemployment - Full Time 6.1% June 2013  –  12 July 2013

The Australia’s Unemployment rate rose again in June to 5.7% as the Participation rate rose from 65.2% to 65.3%........................................

People Unemployed rose by 23,700 to 709,300........................

The Full time unemployment rate now stands at 6.1%............. the nation increasingly becomes Part time...........................

Andrew D Turner

Andrew@andrewdturner.info

Politics

A Week In Aus - A New Old ALP Prime Minister -

Everything Changes Everything Stays The Same (7 July 2013)

ALP Corruption..........................................

Rudd sorry for insulation deaths.................

Rudd Hypocrisy.........................................

Rudd Indonesia and war.............................

FInance & Economics

adt  fx  -  Week in Review & Outlook  -  7 July 2013

Not to be taken as Recommendations. This is purely a Review of Economics and Market Assessments made in the process of conducting Personal (biz - unincorporated) and Corporate (com - incorporated) Business including FX Trading. It may include Economics, Equities, FX and Commodities Market Reviews and Comment regarding individual Securities in any of those Markets...............................................


June 2013 - Australia - Queens Birthday


God Save the Queen...........

       
Because Nothing Won't Save the Australian Labour Party!

Andrew D Turner  adt

Aus Unemployment April 2013 released 9 May 2013:
 
Unemployment rate 5.5%, Full time 5.8%. Job Additions including increased participation approx 70k. Swings in job additions of approx 70k in each of the last three months. Part time employment increased to 30.1% of total employment from 29.7% 12 months ago.
 
Victorian full time unemployment rate approx 6.5%, total 6.2%; Tasmania 7.5%; WA 5.2 % up from 3.5% ten months ago.......................................................................

Andrew D Turner      (adt)
 

Australian Unemployment March 2013 -  Creeping Up  (14 April 2013) - Finance & Economics

Australia’s unemployment rate popped to 5.6% for March 2013 with declines in all categories. The participation rate, part time and full time employment all fell back from Februarys’ gains. Full time unemployment rate rose to 5.83%. Including the decline in participation, approximately 75,000 jobs or jobseekers were lost from the Labour force in March. The Australian economy is not strong. Even more certainly most Australian State economies are not strong................................................. 

ATO Internal Targets Crackdown on Australians Amidst ALP Government Drive For Collections (14 April 2013) - Politics

Last November Online News Service Crikey, published regarding a former ATO employee suing the Tax Office in an effective work place harassment law suit in Melbourne Federal Court. The former employee suggested the ATO had “Internal Targets” for maximum success rates of Australian Taxpayers taxation assessments, audits and audit objections, regardless of their merit. I believe this to be reflective of the ALP Federal Governments’ “Drive For Collections” which is the Edict it cast several years ago to both ATO and also Australian Child Support Agency to increase their Gross Income – which is their Revenues less cost of revenues, and therefore their contribution to the ALP Federal Government Budget…………………………………………….

Victorian ALP Government Depression 12 March 2013

The State I live in, being Victoria, is on the verge of its second Economic Depression in 20 or so years, courtesy Federal Government Economic Policies of The ALP Communist Federal Government..................................................................

Australia - State Final Demand - 2012   (% Change)              

              

2012

March

 June

Sep

Dec

Victoria

1.6

-0.1

-0.5

-1.1

Tas

-1.0

-0.9

-2.2

-0.6

SA

2.4

1.2

-2.7

-0.5

Qld

0.2

2.8

-0.8

0.0


                                                                                           

© 2013           adt

Cencibel®

ADT®

                                                                                           


CIS  (David Murray)  - Decrease Socialist Government   -  12 March 2013


The Australian Centre For Independent Studies is proposing an overhaul of Government Spending and Government Spending Processes.

It is recommending Government Spending be reduced from 35% of GDP to 30% over 10 years so as to avoid Australia’s perpetuation as a....................

Moribund Democratic Socialist State“..........................



Social & Political:

ALP Work-Life Oximoron       12 March 2013

Has anyone seen the ALP Communist Government reference to "Work-Life Balance".

Well, as if we didn't need another moronic ALP Communist Government Oxymoron.   The point being Work is part of Life and vice-versa, they are not a contra to each other...............................

I wonder about Politics and Politicians  12 March 2013

I wonder about Politics and Politicians when such blatant disregard for..........................


Selfish Job Shufflers         12 March 2013

I don't want my Children's Future flushed down the Toilet by a Bunch Of Red Ragging Flops,........................................................

Gillardian Ministerial Shuffles(Feb2013)12 March 2013

I’m Afraid My Dear, Australia has been Gillarded !

It has become quite clear that the Excessive Gillard-ALP Government Ministerial shuffles are an Act of the Prime Minister Protecting her own Arse, at the Expense of the Management of The Country and its Economy. Protecting her own Arse, with the Advice of her own Political Strategists, in Pursuit of her Own power, her Own righteousness, and her Own dreams. Not those of the Country and Australians........................................................................................


Definition Of A Bludger (See MRRT – A Lousy Bludger) (Jan 2013)

A Bludger is someone or something which asks for a Slice (see Tax MRRT) when they have offered nothing to the creation or earning process....................................... 
Sometimes also referred to as a Louse (Lice), or Parasite.

Andrew D Turner  adt
andrew@andrewdturner.info


Finance & Economics:

New Year Australian Economic Update   ( 20 Jan  2013)

Australia’s Unemployment: Notable business closures and staff lay-offs propelled Australia’s Full Time Unemployment figure through the second half of 2012. Having started the year around 5.2%, it ended the year at 5.6% in December, and significantly higher in several states.

Further lay-offs have been announced and or planned into this new year across Businesses ranging Vodafone, Boral, BlueScope and Monadelphous. Furthermore, Billabong is up for sale to US buyers...........................................

Australia’s Balance Of Trade deficit rose through the second half of 2012 to around $2.5 Billion per month or an annualised $30 Billion.........................................................


Australian Unemployment – July 2012  (Sep 6-7 2012)        5.1% -Really?                                                              
Australia’s unemployment rate fell from 5.2% to 5.1% in July. Looks good on face value; But.

Employed numbers fell;
Unemployed numbers fell;
Worforce numbers fell;

So the Participation rate fell..................The percentage of population in or seeking work;.....................................

In addition; Australia’s Balance Of Trade Deficit increased in July to a Seasonally Adjusted $556m from $227m in June.....................................................


The Mining Cycle  (September 9 2012)

................................... at a broader industry or sector level that this mining cycle is potentially ending like any other – the mining companies the last to see changing conditions and at the same time planning increased production and paying too much for mining assets, just as the cycle is ending and demand is stabilising if not declining, and mining commodity prices come under pressure..................




The European Union   (July 25 2012)

Moodys has put Germany on negative credit rating outlook on the basis of its debt levels. This is an incredible strategic issue for Germany and the EU. Presently the German Constitutional Court is endeavoring to determine the capacity and efficacy to fund further EU stability and bail-out accounts.............................................................


Apple (A Super Company) - Valuing the Apple Core  (July 25 2012)
There are plenty of comments about iphone sales and their timing, but does it really matter if you believe in Apples’ position in information technology and electronic device world. It’s probably also worth taking a quick look at valuation......................

Acquisitions, Sex, CEO's & Strategic Debacles  (Sep 2011)

Hewlett Packard - What an Amazing Blow-Up!


After a series of acquisitions across security, smart-phones, operating systems etc, not to mention new product (tablet) launch, which put hp in a position to move forward and evolve into something appropriate to the current decade, inclusive of something like Apple, hp has thrown its emerging strategy out with a sex scandal and obviously completely lost its way............................................
           

Political Risk - Egypt & Saudi Arabia    (Jan 29 2011)

Endeavoring to get into context the emerging political risk in several Arab countries;


There is clearly risk emerging for financial markets and it has particularly been linked to the US and the US currency, if not the broader financial system. I find the risk however to be somewhat muted relative to previous risks that have emerged around Arab concerns, and in reality...................................................................................

Global Financial Institutions Tax?      (Nov 10, 2009)

In the last 12 months Banks and Financial Institutions have been given the earth, only to sit on the funds, trade markets and create market, commodity and stock volatility and increase the cost of capital. In fact they have increased the cost of capital through both not lending and through financial market trading.

 

Why shouldn’t they be taxed further?.......................................