Auspol Nov - No we didn't leak this thread to the media

The Something Awful Forums > Discussion > Debate & Discussion > Auspol Nov - No we didn't leak this thread to the media

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MysticalMachineGun: Apr 5, 2005

Recoome posted:

Wish it was someone in the lower house hey

It's coming.

What's hilarious is that Barnaby reckons Labor will lose some too, even though so far all the LNP has had to throw at them is "these people have foreign sounding names, they have questions to answer!"

EDIT: For context:

The Guardian posted:

https://www.theguardian.com/australia-news/2017/nov/01/barnaby-joyce-dopey-liberal-and-labor-mps-let-nationals-take-citizenship-rap

�It shows how dopey they were,� Joyce told Guardian Australia. �All the National party did, like good old country folk, they got busted and fessed up.�

Joyce rounded on his government colleagues, and opposition MPs. �Now various Liberals are coming forward, and there will be Labor too � make no mistake, there will be Labor ones too.

�They were all playing this dopey little game where they were waiting for the Nats to take the rap, and then sneak in behind and say, �Well we don�t have to do that.��

He said Nationals MPs had not deployed any delaying tactics. �As soon as we knew, we went down to the chamber and fessed up.�

Yep, those brave Nats taking the bullet for the majors. Greens? What are they? No comment on Greens.

MysticalMachineGun fucked around with this message at 06:59 on Nov 1, 2017

# ? Nov 1, 2017 06:55

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# ? May 2, 2024 19:21

I would blow Dane Cook: Dec 26, 2008

quote:

Australia's world record housing boom is 'officially' over, UBS says

A global investment bank has called the end of Australia's world record housing boom, saying the golden years are "officially" over after home prices fell in Sydney for the second month in a row.

"There is now a persistent and sharp slowdown unfolding", ending 55 years of unprecedented growth that has seen home values soar by more than 6500 per cent, UBS economists wrote in a note to clients on Thursday.

Home prices in the capital cities have continued to slow on a quarterly basis, weighed down by tighter lending requirements for property investors and banks' out-of-cycle raising of home loan rates.

In Sydney, home prices fell 0.6 per cent over the quarter and were down 0.5 per cent over the month, figures from property data group Corelogic showed on Thursday morning.

Home prices in Darwin and Perth were also down, 4.4 per cent and 0.7 per cent respectively, over the quarter. Melbourne's market conditions remained more resilient, with home prices up 0.5 per cent for the month and reaching growth of almost 2 per cent over the quarter.

Nationally, home prices stayed flat over the month and edged up only 0.4 per cent over the three months to October 31.

UBS had previously been cautious on the market, forecasting Australia's annual home price growth would moderate from solid double digits to 7 per cent in 2017, before prices would even fall by 0.3 per cent in 2018.

But the recent weakness in auction clearance rates and anaemic price growth over the past five months suggested "the cooling may be happening a bit more quickly than even we expected", economists George Tharenou and Carlos Cacho wrote in their note, downgrading their growth forecast for 2017 to just 5 per cent.

The cooling house prices and a slowdown in demand for loans to property investors suggested a "tightening of financial conditions", which will likely weigh on consumer spending and prompt the Reserve Bank to keep interest rates on hold until the second half of next year, they added.

Despite the recent downturn in values, Sydney home prices are up 74 per cent since the latest growth cycle began in early 2012

However, the latest figures show it may now be more lucrative investing on the sharemarket than in property, CommSec's chief economist Craig James suggested in a separate note.

Total returns on shares rose by 15.5 per cent in the year to October while total returns on capital city homes rose by 10.7 per cent, he pointed out.

http://www.smh.com.au/business/property/australias-world-record-housing-boom-is-officially-over-ubs-says-20171101-gzclp4.html

# ? Nov 1, 2017 06:59

JBP: Feb 16, 2017; You've got to know, to understand,
Baby, take me by my hand,
I'll lead you to the promised land.

Yesssss gently caress you SDA. loving die already.

# ? Nov 1, 2017 07:01

SMILLENNIALSMILLEN: Jun 26, 2009

A few months ago there was an article about peter duttons certainty and his insistence on signing all paperwork personally.

quote:

He draws my attention to a long row of files behind his desk, each of which contains documents outlining the circumstances of an individual who hopes to remain in Australia. He explains that these are cases awaiting his consideration. Advisers read the briefs and add comments, but it is up to him to give the thumbs up or down. "Dozens and dozens a week, you're dealing with," he says. And the applicants' stories are rarely straightforward. "There are vexed cases every day."

He doesn't allow himself to get bogged down in this stuff. "I just think you've got to apply yourself. My approach is that people need certainty one way or the other � whether their life is continuing here or whether they're being deported. So I try to move the cases as quickly as I can."

so when i put that together with yesterdays leaks from the concentration camps my brain says peter dutton is personally hurting people by delaying medical treatment, on purpose, because he is evil.

What does everybody else think?

# ? Nov 1, 2017 07:17

The Before Times: Mar 8, 2014; Once upon a time, I would have thrown you halfway to the moon for a crack like that.

SMILLENNIALSMILLEN posted:

A few months ago there was an article about peter duttons certainty and his insistence on signing all paperwork personally.

so when i put that together with yesterdays leaks from the concentration camps my brain says peter dutton is personally hurting people by delaying medical treatment, on purpose, because he is evil.

What does everybody else think?

agreed

# ? Nov 1, 2017 07:18

Intoluene: Jul 6, 2011; Activating self-destruct sequence!; Fun Shoe

JBP posted:

Yesssss gently caress you SDA. loving die already.

I worked at Woolworths for 13 years. 100% agree.

# ? Nov 1, 2017 07:19

Dude McAwesome: Sep 30, 2004; Still better than a Ponytar

SMILLENNIALSMILLEN posted:

A few months ago there was an article about peter duttons certainty and his insistence on signing all paperwork personally.

so when i put that together with yesterdays leaks from the concentration camps my brain says peter dutton is personally hurting people by delaying medical treatment, on purpose, because he is evil.

What does everybody else think?

It fits with his MO of being a horrible prick.

# ? Nov 1, 2017 07:22

BBJoey: Oct 31, 2012

SMILLENNIALSMILLEN posted:

A few months ago there was an article about peter duttons certainty and his insistence on signing all paperwork personally.

literally all of this is utterly disgusting

quote:

It is Dutton's policy to be polite not just to fellow parliamentarians but to the journalists who cover federal politics. Yes, there was that slip last year when he referred to senior News Corp correspondent Samantha Maiden, now with Sky News, as "a mad f...ing witch". But it wasn't his intention to offend her, he says.

the man is mentally incapable

# ? Nov 1, 2017 07:25

Doctor Spaceman: Jul 6, 2010; "Everyone's entitled to their point of view, but that's seriously a weird one."

Of course he didn't intend to offend her, he didn't intend for her to see the message.

# ? Nov 1, 2017 07:27

DancingShade: Jul 26, 2007; by Fluffdaddy

SMILLENNIALSMILLEN posted:

A few months ago there was an article about peter duttons certainty and his insistence on signing all paperwork personally.

so when i put that together with yesterdays leaks from the concentration camps my brain says peter dutton is personally hurting people by delaying medical treatment, on purpose, because he is evil.

What does everybody else think?

It's very kind of Dutton to make it so clear he personally made those decisions for any future legal action that might arise.

# ? Nov 1, 2017 07:51

drunkill: Sep 25, 2007; me @ ur posting; Fallen Rib

A low effort thread for a low effort government

# ? Nov 1, 2017 07:52

Don Dongington: Sep 27, 2005; #ideasboom; College Slice

drunkill posted:

A low effort thread for a low effort government

That's some real good low effort posting to go along with it

# ? Nov 1, 2017 08:19

NoNotTheMindProbe: Aug 9, 2010; pony porn was here

I would blow Dane Cook posted:

http://www.smh.com.au/business/property/australias-world-record-housing-boom-is-officially-over-ubs-says-20171101-gzclp4.html

If this is really the end of of the housing bubble this country is so hosed. It'll be the worst economic crisis since at least the great depression of not the Melbourne property bust.

# ? Nov 1, 2017 08:21

Doctor Spaceman: Jul 6, 2010; "Everyone's entitled to their point of view, but that's seriously a weird one."

https://twitter.com/rharris334/status/925515713334321152

Which should come as no surprise.

# ? Nov 1, 2017 08:37

WhiskeyWhiskers: Oct 14, 2013; "هذا ليس عادلاً."
"هذا ليس عادلاً على الإطلاق."
"كان هناك وقت الآن."
(السياق الخفي: للقراءة)

Jesus! It's like a potato crossed with the decaying corpse of Elon Musk.

# ? Nov 1, 2017 08:46

gay picnic defence: Oct 5, 2009; I'M CONCERNED ABOUT A NUMBER OF THINGS

WhiskeyWhiskers posted:

Jesus! It's like a potato crossed with the decaying corpse of Elon Musk.

that is loving terrifying

# ? Nov 1, 2017 08:51

Starshark: Dec 22, 2005; Doctor Rope

http://www.abc.net.au/news/2017-11-01/uluru-climbs-banned-after-unanimous-board-decision/9103512

Chris Kenny has squawked his objections on twitter, however he fucks dogs.

# ? Nov 1, 2017 08:53

gay picnic defence: Oct 5, 2009; I'M CONCERNED ABOUT A NUMBER OF THINGS

quote:

The Traditional Owners of Uluru have announced today that the culturally significant site will be closed to visitors from October 26, 2019.

Today the Uluru-Kata Tjuta National Park Board of Management unanimously voted to close the site to climbers.

Chairman and senior Traditional Owner Sammy Wilson said the decision to close the climb came after extensive consultation.

"Over the years Anangu have felt a sense of intimidation, as if someone is holding a gun to our heads to keep it open. Please don�t hold us to ransom," he said in an address to the board today.

�More recently people have come together to focus on it again and it was decided to take it to a broader group of Anangu. They declared it should be closed. This is a sacred place restricted by law.�

Good on them for this, it must have been poo poo watching people clamber all over the thing for all these years

# ? Nov 1, 2017 08:54

hiddenmovement: Sep 29, 2011; "Most mornings I'll apologise in advance to my wife."

WhiskeyWhiskers posted:

Jesus! It's like a potato crossed with the decaying corpse of Elon Musk.

It's a sith lord

# ? Nov 1, 2017 08:55

Starshark: Dec 22, 2005; Doctor Rope

gay picnic defence posted:

Good on them for this, it must have been poo poo watching people clamber all over the thing for all these years

What people tend to overlook is that climbers piss on the rock because of course there's no toilets up there.

# ? Nov 1, 2017 08:58

hooman: Oct 11, 2007; This guy seems legit.; Fun Shoe

Starshark posted:

http://www.abc.net.au/news/2017-11-01/uluru-climbs-banned-after-unanimous-board-decision/9103512

Chris Kenny has squawked his objections on twitter, however he fucks dogs.

First they won't let us climb a rock and next think you know we won't be able to gently caress a do...dgy lebanese builder with our... incisive investigative reporting...?

# ? Nov 1, 2017 08:59

MonoAus: Nov 5, 2012

"I thought it was that the aboriginal people didn't own the land but were part of it. I believe it may be a sacred land however all should have the right to climb if they so feel the need to be part of this wondrous place. I am happy to stand and be part of it below but respect those that wish to view our beautiful land from the heights of this magnificent place. I often wonder how decisions are made land sold, used etc as it suit many land councils. I am Australian and like the aboriginals had no choice in being here. I am disappointed that the climb won't be possible to those who would show respect to the special place and feel it should be reconsidered with a vote for the whole of Australia as none of us own this land of ours."

please have a postal survey for climbing Uluru, it worked out well for ssm.

# ? Nov 1, 2017 09:02

Cartoon: Jun 20, 2008; poop

gay picnic defence posted:

Good on them for this, it must have been poo poo watching people clamber all over the thing for all these years

The thing most offensive to the traditional owners were the people who died on it by heart attack or falls.

# ? Nov 1, 2017 09:05

drunkill: Sep 25, 2007; me @ ur posting; Fallen Rib

http://www.smh.com.au/federal-polit...20171031-gzcb7b

quote:

In response, Senator McKim launched an extraordinary attack on the minister.

"My response to Peter Dutton is that he is a racist, a proven liar, a fascist and a serial human rights abuser, and I'm prepared to stake my political credibility anytime against the credibility of a monster like Peter Dutton," he said.

# ? Nov 1, 2017 09:11

cohsae: Jun 19, 2015

NoNotTheMindProbe posted:

If this is really the end of of the housing bubble this country is so hosed. It'll be the worst economic crisis since at least the great depression of not the Melbourne property bust.

IIRC GFC was a combo of falling house prices + defaulting on mortgages + mass investment in CDOs right? (at least at a very basic level).
Economy figures under Scummo have been almost universally bad and wage growth has been making GBS threads the bed for a while so if interest rates start to go up there's going to be a lot of nervous property owners in this country.
Do we have the equivalent of the CDO problem in Aus? I guess the equivalent is just massive amounts of investment in property which sure as poo poo sounds like Australia.

# ? Nov 1, 2017 09:17

NPR Journalizard: Feb 14, 2008

cohsae posted:

IIRC GFC was a combo of falling house prices + defaulting on mortgages + mass investment in CDOs right? (at least at a very basic level).
Economy figures under Scummo have been almost universally bad and wage growth has been making GBS threads the bed for a while so if interest rates start to go up there's going to be a lot of nervous property owners in this country.
Do we have the equivalent of the CDO problem in Aus? I guess the equivalent is just massive amounts of investment in property which sure as poo poo sounds like Australia.

Nah, CDOs were particularly bad and arent really comparable to the real estate market.

# ? Nov 1, 2017 09:19

Ora Tzo: Feb 26, 2016; HEEEERES TONYYYY

hiddenmovement posted:

It's a sith lord

# ? Nov 1, 2017 09:20

Eediot Jedi: Dec 25, 2007; This is where I begin to speculate what being a
man of my word costs me

hiddenmovement posted:

It's a sith lord

I didn't know you were dyslexic, I'm sorry.

# ? Nov 1, 2017 09:22

DancingShade: Jul 26, 2007; by Fluffdaddy

drunkill posted:

http://www.smh.com.au/federal-polit...20171031-gzcb7b

Well truth is the best defense if someone says defamation later.

# ? Nov 1, 2017 09:23

Anidav: Feb 25, 2010; ahhh fuck its the rats again

1 Human post is 7 Dog posts.

# ? Nov 1, 2017 09:35

I would blow Dane Cook: Dec 26, 2008

# ? Nov 1, 2017 09:38

gay picnic defence: Oct 5, 2009; I'M CONCERNED ABOUT A NUMBER OF THINGS

cohsae posted:

IIRC GFC was a combo of falling house prices + defaulting on mortgages + mass investment in CDOs right? (at least at a very basic level).
Economy figures under Scummo have been almost universally bad and wage growth has been making GBS threads the bed for a while so if interest rates start to go up there's going to be a lot of nervous property owners in this country.
Do we have the equivalent of the CDO problem in Aus? I guess the equivalent is just massive amounts of investment in property which sure as poo poo sounds like Australia.

Wasn't the issue with CDOs that the banks were hiding bad or soon to be bad debts in them?

I have seen a few mentions that while they are entirely different in nature, the proliferation of interest only loans and the propensity of banks/mortgage brokers to over estimate a borrower's capacity to pay pose a similar risk to the system as CDOs did.

I still think the biggest risk is some trigger that prompts a large number of property investors to cash in their chips in a hurry which leaves everyone else with a decision to either hold onto an asset that just dropped considerably in value and might continue to do so, or cut their losses, bail out themselves and contribute to the rout in prices.

I think the two most likely triggers are house prices stagnating or slowly declining for a few years, or a change to the legislation around negative gearing; both of which could be seen as a sign to investors that house prices will be very close to their peak and that it is now time to get out.

# ? Nov 1, 2017 09:41

bandaid.friend: Apr 25, 2017; My first car was a stick

MonoAus posted:

"I thought it was that the aboriginal people didn't own the land but were part of it. I believe it may be a sacred land however all should have the right to climb if they so feel the need to be part of this wondrous place. I am happy to stand and be part of it below but respect those that wish to view our beautiful land from the heights of this magnificent place. I often wonder how decisions are made land sold, used etc as it suit many land councils. I am Australian and like the aboriginals had no choice in being here. I am disappointed that the climb won't be possible to those who would show respect to the special place and feel it should be reconsidered with a vote for the whole of Australia as none of us own this land of ours."

please have a postal survey for climbing Uluru, it worked out well for ssm.

Please respect the wishes of those who want to piss in the baptismal font

Who said this?

# ? Nov 1, 2017 09:50

EoinCannon: Aug 29, 2008; Grimey Drawer

The CDOs were connected to the mortgages in that all the poo poo, high risk mortgage debt was packaged up with better stuff and the ratings agencies then conspired to rate it highly even though it was a time bomb. Institutions invested in CDOs which helped make the GFC that much worse when all the mortgages defaulted. Retirement funds and public sectors were left with worthless debt. The existence of CDOs kind of created the demand which helped all the terrible loans get made.

That was my understanding anyway

EoinCannon fucked around with this message at 09:58 on Nov 1, 2017

# ? Nov 1, 2017 09:54

MonoAus: Nov 5, 2012

bandaid.friend posted:

Who said this?

Some fuckhead commenting on the ABC article.

Edit: BTW as always, don't read the comments

MonoAus fucked around with this message at 10:08 on Nov 1, 2017

# ? Nov 1, 2017 09:55

CrazyTolradi: Oct 2, 2011; It feels so good to be so bad.....at posting.

Anidav posted:

1 Human post is 7 Dog posts.

How many goat edits is that?

# ? Nov 1, 2017 10:20

Brown Paper Bag: Nov 3, 2012

https://twitter.com/handsomemurri/status/925656856306917376

# ? Nov 1, 2017 10:48

Graic Gabtar: Dec 19, 2014; squat my posts

NoNotTheMindProbe posted:

If this is really the end of of the housing bubble this country is so hosed. It'll be the worst economic crisis since at least the great depression of not the Melbourne property bust.

Nah.

We're kinda lacking a big 'oh gently caress' moment besides prices softening a bit.

GFC end of days was helped a few years earlier by Enron and WorldCom chaos that resulted in the big ~~five~~ four feasting on their young and distracting regulators.

GFC proper << all the reasons >>

Then a rich people's Ponzi scheme was thrown into the mix to complete the cluster gently caress.

Even at the peak of GFC panic big four bank's exposure was 'low' as although mortgage securitisation was very much a thing they just weren't in that next level poo poo. I'm sure that risk appetite is still pretty low.

Some dodgy poo poo is being pulled here but APRA is slightly a bit more switched on.

Drag the OP in here and they can explain it.

# ? Nov 1, 2017 12:03

tithin: Nov 14, 2003; [Grandmaster Tactician]

Graic Gabtar posted:

Nah.

We're kinda lacking a big 'oh gently caress' moment besides prices softening a bit.

GFC end of days was helped a few years earlier by Enron and WorldCom chaos that resulted in the big ~~five~~ four feasting on their young and distracting regulators.

GFC proper << all the reasons >>

Then a rich people's Ponzi scheme was thrown into the mix to complete the cluster gently caress.

Even at the peak of GFC panic big four bank's exposure was 'low' as although mortgage securitisation was very much a thing they just weren't in that next level poo poo. I'm sure that risk appetite is still pretty low.

Some dodgy poo poo is being pulled here but APRA is slightly a bit more switched on.

Drag the OP in here and they can explain it.

This isn't half wrong. What we're looking at right now is market weakness - there hasn't been a defining "oh gently caress sell sell sell" moment yet - people know the market's reached its peak - even the most ardent disciple of "property can only go up" school acknowlodges it can't rise forever - and that the best they can hope for is stagnation or a softening / weakening of the market for the next several years while investors try to extricate their investments from the market.

The problem is that investors are panicky / flighty and if they're a) not getting returns and b) sense an oh gently caress moment coming, they will dump their stock in a half a heartbeat, regardless of the overall market.

This isn't an "oh gently caress" moment, but if you've got a big investor like this guy threatening to dump his stock, to not develop anything more in a bid to stop reform of rental rights, you can bet your rear end that if it looks like he'll follow through, there'll be a huge rush ahead of him to get out of the market, which then becomes a crash.

# ? Nov 1, 2017 12:11

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# ? May 2, 2024 19:21

Don Dongington: Sep 27, 2005; #ideasboom; College Slice

Oh look Parry is actually resigning

Also Sportsbet now have Bishop as the favourite to take over from Prime Minister Trumble. You know because she hasn't been literally the only viable option this entire time or anything.

# ? Nov 1, 2017 12:38

The Something Awful Forums > Discussion > Debate & Discussion > Auspol Nov - No we didn't leak this thread to the media

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