Blogotariat

Via Bloomie: Canada’s banking regulator released final rules that will make it tougher for borrowers to take on uninsured mortgages, adding to a growing list of measures to rein in the nation’s housing markets. The Office of the Superintendent of Financial Institutions announced measures targeting borrowers in the uninsured segment of the mortgage market that has been responsible for

The post Canadian housing entering “severe correction” appeared first on MacroBusiness.

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Quite rightly: “What’s very clear is that the government is scrambling. We have policy on the run. We have an energy policy being put together with strings and bandaids,” shadow treasurer Chris Bowen said Tuesday morning. “What is very clear and has been publicly confirmed by the Energy Security Board, is that this policy that

The post Labor to take it time on NEG appeared first on MacroBusiness.

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By Leith van Onselen We’ve got the Real Estate Treasurer swanning around New York telling anyone who will listen that there is no Australian housing bubble. Now, Secretary of the Australian Treasury, John Fraser, has given a speech last night at Citi’s annual investment conference, which is worth dissecting for its spin value relating to Australia’s

The post Treasury launches panicked bubble-defence campaign appeared first on MacroBusiness.

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Welcome to a little credit crunching, via Banking Day today: Suncorp is tightening its lending standards for apartment buyers in the Brisbane property market following recent falls in real estate prices across the city. In a memo sent to Queensland mortgage brokers on Tuesday, the bank said it would no longer accept investment applications for apartments

The post Banks pull Brisvegas loans as apartments tumble appeared first on MacroBusiness.

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The decision to walk away from a Clean Energy Target makes no sense. But small communities will forge ahead with the transition to renewable energy.

DXY was strong last night and it’s head and shoulders bottom is near perfect if it breaks out: AUD was weak against USD, firm against EUR: It was strong against EMs: Gold was pummeled: Brent is still strong: The base metals lunacy flamed out: As did big miners: And EM stocks: High yield is stable:

The post Is King Dollar back? appeared first on MacroBusiness.

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Via the AFR: Labor states – or a future federal Labor government – that pursue more ambitious renewable energy targets than those set under the Turnbull government’s proposed new Reliability and Emissions Guarantee will face more costly reliability standards, which could increase the cost of electricity in their markets. Energy Security Board chairman Kerry Schott

The post Labor should back Tunbull’s energy plan appeared first on MacroBusiness.

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By Leith van Onselen Let’s recall Aberdeen Asset Management’s argument yesterday that Australia’s housing market is a bubble: “We don’t believe that the Australian housing market is in a bubble”… “The usual features of bubble-type behaviour such as broad synchronisation of price gains across a country, lax bank lending policies, reduced scrutiny of end-buyers, and indiscriminate investor buying, mostly appear missing.

The post Why Aberdeen is wrong and Australian housing is a ‘bubble’ appeared first on MacroBusiness.

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By Leith van Onselen The Australian last week gave a good summary of the population pressures afflicting Melbourne as the city experiences an unprecedented population boom: At the Melbourne train station of Williams Landing in the city’s southwest, the flower beds lining the carpark are repeatedly squashed into the dirt. It’s not that people don’t

The post Decentralisation delusion as Melbourne surges towards 9 million appeared first on MacroBusiness.

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SQM Research has released its rental vacancy series for September, which revealed no movement in the national vacancy rate over the month but a 0.2% decline over the year: Over the year, decreases in vacancies were recorded in Melbourne (-0.1%), Perth (-0.5%), Adelaide (-0.4%), Hobart (-0.2%), Darwin (-0.4%), and Canberra (-0.1%), whereas increases were recorded

The post Rental market to tighten as population ponzi overwhelms construction appeared first on MacroBusiness.

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By Leith van Onselen The most recent REINZ housing statistics revealed a sharp decline in Auckland transaction volumes, which were down circa 30% in the year to August – the lowest level of August sales in six years: With Auckland’s sales tracking at their lowest level in at least five years in 12-month moving average

The post NZ real estate agents bleeding as sales volumes collapse appeared first on MacroBusiness.

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Global Macro / Markets / Investing: Fund giant warns over stock market highs – BBC Echoes of the Black Monday Crash of ’87 – Bloomberg The 4 Ds Of Robotization: Dull, Dirty, Dangerous And Dear – Forbes Dealing with a globalised banking sector – EU How Google’s Quantum Computer Could Change the World – WSJ

The post Links 18 October 2017 appeared first on MacroBusiness.

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Yeah yeah yeah yeahHe makes me do things I don't want to doHe makes me say things I don't want to say& even though I want to break awayI can't (stop saying I adore himI can't stop doing things for him)