No surprise here. The same thing followed the May stimulus. China’s latest steps to revive the housing market have had an immediate impact, judging from reports of brisk sales and buyer interest during the nation’s week-long holiday. Whether the rebound will be sustained is another matter. In cities with residential projects running promotions, visits by
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Westpac with the note. Consumer Sentiment rises 6.2% to 89.8, a two and a half year high. Consumer expectations for interest rates fall sharply. Cost-of-living pressures continue to moderate, but progress remains slow. Consumers see finances broadly stabilising over the year ahead. Home-buyer sentiment improves slightly but still downbeat overall. House price expectations tick up,
This is how immigration used to managed in Australia. Goldman on the US labour market. Like many investors, we have been sharply focused recently on the race between job growth and labor supply growth. We expect labor supply growth to slow substantially but remain elevated enough that 150-180k jobs per month will be needed to
We warned and warned and warned. But Labor didn’t listen. It listened instead to the policy cowardice of Jim “chicken” Chalmers. And now that chicken is coming home to roost. The latest polling shows the government is now rightly considered to blame for inflation and, perhaps worse for its fate, miles behind in all areas
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CoreLogic has identified 65 markets in Sydney and Melbourne where values are below record highs from the 2010s, and vendors are even willing to sell at a loss. Despite the lower prices and improved housing affordability, buyers are refusing to bite, which CoreLogic attributes to “the wrong kind of supply”. CoreLogic notes that underperforming markets
On Saturday, former US First Lady Hillary Clinton called for increased federal regulation of the internet and repealing Section 230. “If the platforms… don’t moderate and monitor the content, we lose total control,” she said, raising the question of who “we” represents in that statement.
Fearful of the Public, Western Leaders Turn to Censorship
As I have said many times before, public discussion should be governed by some fifth law of thermodynamics that triggers spontaneous combustion in the hypocritical, malreasoned and oxymoronic. If it were so, the fake left would be entirely depopulated. The Guardian useful idiots are at it again: The Coalition and the Greens have decided to
The idiocy of Australia’s energy policy is on full display once again, with the Victorian government reportedly looking to approve a floating LNG terminal in the middle of Port Phillip Bay amid the decline in Bass Strait gas: “Royal Vopak, an international energy terminal developer, told The Australian Financial Review it had been in discussions
I was in the bookshop at Peregian Beach over the weekend and heard the owner chatting with someone who was after ‘the new Tim Winton’.
I did not roll my eyes. I’m better than that. And Tim is pretty fucking gnarly with the ol’ wordsmithing, to be honest. But I wasn’t looking for another heart breaking work of staggering genius, so I moved on. Until…
“It’s about the end of the world, or something…”
Whaaat?
Winton’s working my side of the street?
I went looking for the offending new release and found it, of course, up the front of the shop.
Australian dollar bulls are longer today than at any time since 2018: Which is a contrarian signal as they get minced by DXY recovery: AUD slain: If CNY rolls, China stimmies go bye,bye: Oil is about to become a global anti-semitism index. Bombing Iranian oil is a bad idea: Metals are stalled: Big miners too:
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The Market Ear with the latest equity internals. Will we… …see the elections bump? DB reminds us: “…equities typically sold off by 4-5% about a month going into election day and then rallied to year end on a clear resolution.” DB 4% US 10 year trading just above the massive 4% level. Note the negative
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All eyes remain on the broadening Middle East conflict as oil prices spiked again while the USD remains firm given Friday night’s strong non-farm payroll print. Risk markets are still in a flux with Wall Street restarting the trading week with some losses while the USD kept Euro well below the 1.10 level as the
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