Fishing 72 ‘Bearded dragon @Arakoon in a couple of these shots taken last Sunday morning. ‘We’ve got 25acres in the Nambucca valley which was ex-banana plantation. Over the years we’ve returned about 80% to wilderness and the rest fruit and veggies. Got about 90 Mango trees of various sizes. La Niña seems to agree with
Global Macro / Markets / Investing: Dow ends nearly 460 points lower as Nasdaq plunges after Apple downgrade; S&P 500 sets 2022 low – Market Watch Dow tumbles more than 500 points, Nasdaq sheds 3% as Apple slides – CNBC Apple Ditches iPhone Production Increase After Demand Falters – Bloomberg Americas: New Infectious Threats Are
Asian stock markets are generally across the region, although a better than expected Chinese manufacturing print kept Chinese stocks from selling off. The USD has regained most of its lost ground against the commodity currencies, as Euro and Pound Sterling continue their bounceback. Meanwhile oil prices are failing to stabilise with Brent crude rolling over
The Reserve Bank of Australia (RBA) released aggregate mortgage data for August, with mortgage growth tanking to 1.6% over the August quarter – the weakest result since April 2021: As illustrated in the next chart, mortgage growth has tanked across both owner-occupiers (1.7%) and investors (1.5%): Annual mortgage growth is also now falling at 7.6%
ANZ’s latest NZ Property Focus report reaffirmed the bank’s forecast that the Reserve Bank will lift the official cash rate (OCR) to 4.75% by mid-2023: This increase in the OCR and mortgage rates will impact around 56% of New Zealand borrowers, given 56% are either on floating or fixed rates of less than one year.
TSLombard with the note. The dollar is in the driving seat and Beijing’s efforts to maintain a sovereign monetary policy and managed currency are being tested by markets. Growth and rate differentials have driven USDCNY down 12.9% YTD in line with EM peers. The broader CFETS basket is only 1% weaker, but it is the
Nothing falls in a straight line. Goldman’s FCI is now hitting new highs: But US still too loose: Europe tighter: But global activity lifting on lower oil and Chian reponeing: MOAR Fed ahead.
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PropTrack’s Director of Economic Research, Cameron Kusher, has penned a detailed article blaming Australia’s rental crisis on a suite of regulatory decisions over recent years that have dis-incentivised property investors from providing rental housing, and thereby driven a chronic rental shortage: If we go back to 2014… the value of lending to investors was at
From an anonymous QLD business that is seeking to renew an electricity contract that is currently worth $2500/month. We currently pay 6.4969c/kWh peak and 5.5563c/kWh non peak. Proposed contract pricing: 3 year contract (3 times increase to $7,500/mth) 19.8687c and 17.0844c 2 year contract (3.7 times increase to $9,250/mth) 23.6816c and 20.4957 1 year contract
The DXY blowoff has flamed out: AUD firmed: Commodites all bounced: But not EM stocks: Or junk: The curve flattened: And stocks sank: The DXY feels tactical to me. Following this week’s UK-inspired rout, markets are toying with the idea that the Fed is nearing the end. Futures are reducing the odds of a 75bps