Blogotariat

By Leith van Onselen We wrote last week how home values have fallen fastest across the top 25% of properties by value. Now, CoreLogic has once again gone a step further and assessed home price growth across each decile, which confirms that values have fallen fastest at the premium end of the market: Across the

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By Chris Becker European stocks soared overnight as the Euro tumbled in the wake of the ECB meeting where Super Mario surprised all by announcing absolutely no rate rises for at least 12 months, most likely foreshadowing the next series of trade wars with the US. Wall Street did relatively well, although bank stocks continued

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Via Domainfax: Banks would have to bluntly warn parents planning to guarantee their children’s business debts that they risk losing their home, and that many small businesses end up failing, under proposals to the royal commission. …However, the major banks are resisting further change, arguing current laws and the industry’s revamped code of conduct give

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Whoa! Karen Moley at the AFR awakes: Australian banks are being squeezed by higher borrowing costs as the US Federal Reserve accelerates its interest rate hikes and drains liquidity from global financial markets while the Hayne royal commission makes it difficult for them to raise home loan rates. …Analysts estimated that the spreads paid by

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Consumers now trust energy retailers less than they do banks and insurers, thanks to soaring prices and confusing bills, so they are taking matters into their own hands, and looking to solar and storage.

EUR cratered last night and DXY took off: AUD was slammed against DMs: And weaker than EMs: Gold held on: Oil was flat: Base metals mixed: Big miners fell: EM stocks look ominously poised for lower: As EM junk leads the way down. Even worse for EM, US junk is recovering! US yields rose bu

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By Leith van Onselen The immigration-driven population boom in Sydney – which has added nearly one million people to Sydney’s population over the past 13 years and is projected to increase Sydney’s population by 87,000 people a year over the next 20 years – is the gift that keeps on giving. Last week, 9News reported

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By Leith van Onselen Yesterday’s ABS labour force release for May revealed a weakening Australian youth labour market – i.e. those aged 15 to 24 years old. The trend headline unemployment rate fell to 12.17% in May from 12.28% in April: Whereas total employment growth for those aged 15-24 years of age is rising fast:

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Global Macro / Markets / Investing: Bitcoin’s Price Was Artificially Inflated Last Year, Researchers Say – NY Times Tether Used to Manipulate Price of Bitcoin During 2017 Peak, New Study Says – Bloomberg Bitcoin Extends Its Decline – Bloomberg Blockchains Talking to Each Other Gives Hope to Crypto Diehards – Bloomberg PayPal rival Adyen surges

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News coverage of automation and machine learning tends to focus on extraordinary events, such as computers winning at Jeopardy and Go, and robotic arms flipping burgers in short-order restaurants. Additional headlines foster a sense of nightmares, conjuring pictures of autonomous cars killing pedestrians and newly automated establishments laying off their workforce. The combination of headlines has unleashed a near-hysteria, as if the near-future Terminator will either kill humans indiscriminately or rob the survivors of employment.

An unimpressive result from the Chinese trifecta of mid tier data, alongside a poor lead from Wall Street overnight saw Asian stocks sell off across the board. An equally unimpressive jobs report locally saw the Aussie dollar flounder after its mild selloff against the USD in the wake of last nights FOMC meeting. The Shanghai

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One of the more common side effects of PTSD is an up-tick in hand tremour after an anxiety event. After the paperwork was done I had a Valium. And even though I am fine my hand tremours are so off the scale it's like they're like the Swedish Chef from the muppets in that without meaning to you make all these dramatic hand gestures and fling things about when attempting to use your hands.I was trying to return a bottle of oil spray to the pantry and it shook around in my hand as the other shaking hand opened the cupboard.

China released its May data dump today and growth is slowing sharply. All measures missed expectations with industrial production at 6.8%, fixed asset investment at all time lows of 6.1% and retail sales likewise weak at 8.5%: But under the bonnet, the crucial real estate/steel complex is absolutely booming. Floor area sales rebounded to be

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