Jacob Camac

677 posts

Jacob Camac

@jacobacamac

#Tasmanian Husband + Father of three | Risk Analyst | #Python Novice

Australia Katılım Kasım 2013

481 Takip Edilen226 Takipçiler

Jacob Camac retweetledi

Stephen Moriarty@SGM63·15 Eyl

Excellent and simple explanation. If all economists taught like this then more people would understand how things work. Good stuff Gareth.

Gareth Hutchens@grhutchens

The unemployment rate increased from 3.4% to 3.5% last month. But economists say it was a good thing. This illustrates why.

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Jacob Camac@jacobacamac·12 Eyl

@MatthewGrubits Congrats mate 👏

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Jacob Camac retweetledi

Jacqui Oatley@JacquiOatley·13 Tem

I’m keen to warn you about a scam which my lovely, kind mum so nearly fell for. It was incredibly believable. Someone pretends to be you but on a different number, contacts someone close to you and asks them to quickly pay a bill for you before you pay them back. Mum in green 👇🏼

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Jacob Camac@jacobacamac·14 Tem

@AvidCommentator 😬

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Tarric Brooker aka Avid Commentator 🇦🇺@AvidCommentator·14 Tem

So there's that....🤔 Interesting times ahead.

Kit Lowe@kit_lowe

Nomura also calling RBA +75bps OCR hike in August with a possibiliy of 100bps depending on CPI later this month.

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Jacob Camac retweetledi

Tarric Brooker aka Avid Commentator 🇦🇺@AvidCommentator·12 Tem

My first Substack on Aussie housing. It's a data driven deep dive on highly leveraged households (6x or more debt to income) & various rate scenarios, as well as the backdrop of the broader situation. Please consider sharing/retweeting if you like it avidcom.substack.com/p/rising-rates…

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Jacob Camac@jacobacamac·9 Tem

@AvidCommentator Really insightful, thanks. I haven’t seen ‘household formation’ talked about as a driver of prices simply because it’s hard to quantify. Keen to see more on this.

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Tarric Brooker aka Avid Commentator 🇦🇺@AvidCommentator·9 Tem

This pent up household formation speaks to people having lives stymied by the high cost of housing, who would much rather live alone or with a partner. Only with the push of the pandemic did that change To me this really rams home how high housing costs are effecting lives 3/3

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Tarric Brooker aka Avid Commentator 🇦🇺@AvidCommentator·9 Tem

Aussie rental crisis - A Thread Despite closed borders and the highest number of dwelling commencements in history, Australia has a rental crisis. This has been driven by huge amounts of household formation, people moving out of home or sharehouses into their own place. 1/

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Jacob Camac@jacobacamac·4 Tem

@MacroAlf 👏

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Alf@MacroAlf·3 Tem

I get the feeling FinTwit is kind of cheering for a recession. This is your kind reminder a recession is nothing to be happy about: it generally involves quite some people losing their jobs...

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Jacob Camac retweetledi

Cosi De Angelis@cosi_da·28 Haz

With June 30 only a couple of days away we are reminding our customers to be extra vigilant during this busy period. Businesses may be subjected to heightened levels of cybercrime during busy periods, like the EOFY. At @ANZ_AU we’ve created an infographic to help businesses.

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Jacob Camac@jacobacamac·19 Haz

@solo_dio_ @DFA_Analyst @AvidCommentator @bankcustomers 🤯

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Jacob Camac@jacobacamac·21 Nis

@AvidCommentator I’m interested to see what data there is on price elasticity for rentals. Most assume that, as rates go up, rents will go up to compensate. This article seems to imply there is a rental ceiling…if there wasn’t they wouldn’t be making a loss?

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Tarric Brooker aka Avid Commentator 🇦🇺@AvidCommentator·21 Nis

'Landlords losing $12,000 a year on rentals despite soaring demand' Statistically speaking, as a whole Aussie property is a meme reliant on ever higher housing prices. afr.com/wealth/persona…

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Jacob Camac@jacobacamac·18 Nis

@AvidCommentator Is there any logic to this that I’m missing?

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Tarric Brooker aka Avid Commentator 🇦🇺@AvidCommentator·18 Nis

'Morrison Government expands first home buyer’s scheme to counter rising housing affordability pressures' So they're going to counter rising prices by making prices even higher.... Seems legit 👍 skynews.com.au/australia-news…

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Jacob Camac@jacobacamac·13 Nis

@_mumbling_me @adamgeny I get your point but it does lead to more borrowers opting for VR which makes them more susceptible to future rate rises.

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The Portfolio Trader@_mumbling_me·13 Nis

@adamgeny Increasing fixed rate does nothing to existing borrowers and also does nothing to new borrowers.

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Jacob Camac@jacobacamac·11 Nis

@_mumbling_me Same 🤦‍♂️

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The Portfolio Trader@_mumbling_me·11 Nis

Good thread. I was in the "one hour threshold blah" camp for a longtime. Later realised that it didnt matter.

Callam Pickering@CallamPickering

People who aren't familiar with labour force figures often obsess over the 'one hour rule' - the fact that anyone who works at least one hour a week is considered employed for statistical purposes. Here's why that isn't worth worrying about 🧵

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Jacob Camac@jacobacamac·5 Nis

Two stories playing out across Australia. 1. Wealth benefiting from cheap money. 2. Poverty exacerbated by inflation |Society weakens as the divide widens| abc.net.au/news/2022-04-0…

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Jacob Camac@jacobacamac·2 Nis

@AvidCommentator 😬

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Tarric Brooker aka Avid Commentator 🇦🇺@AvidCommentator·2 Nis

More inflation and supply chain issues for longer.

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Jacob Camac@jacobacamac·31 Mar

@DaveTaylorNews Thanks for the reminder 😂

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David Taylor@DaveTaylorNews·31 Mar

The Queen accidentally called me last night. It was the greatest 15 seconds of my life.

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Jacob Camac@jacobacamac·30 Mar

@AvidCommentator Ineffective regarding inflation perhaps, but not without significant impact to those who are already just scraping by. Unfortunately monetary policy can’t discriminate here so we are likely to see a two tier economy develop.

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Tarric Brooker aka Avid Commentator 🇦🇺@AvidCommentator·30 Mar

Aussie households have saved ~$245bn since the pandemic began. The vast majority is held by well off households. If they spend even 10% of that in a year it completely cancels out a 1% rate rise and then some Perfect conditions for monetary policy to be potentially ineffective

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Jacob Camac@jacobacamac·29 Mar

@mishazelinsky 👏

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misha@mishazelinsky·29 Mar

Public service announcement🚨: No more ‘Will Smith’ slapping memes, please.

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Jacob Camac@jacobacamac·29 Mar

@AvidCommentator Wow!

Tarric Brooker aka Avid Commentator 🇦🇺@AvidCommentator·29 Mar

Total Russian sovereign debt: $165.8bn USD Total Evergrande obligations (doesnt include estimates of shadow banking liabilities): $305bn USD Really puts things into perspective doesn't it. And that is just one developer.

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Jacob Camac@jacobacamac·26 Mar

@abcnews #hemp is an epically underrated crop. Lots of potential to diversify farming operations and so many uses. #notmarijuana

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ABC News@abcnews·26 Mar

Red tape keeping hemp farmers in 'the dark ages' as stakeholders push for reform abc.net.au/news/2022-03-2…

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Keşfet

@AvidCommentator @MacroAlf @ANZ_AU @solo_dio_ @DFA_Analyst @bankcustomers @_mumbling_me @elonmusk