Poor old Bernard Salt want to set the record straight: One year ago, I used the now infamous words “smashed avocado” in this column. The piece went viral — at times feral — as the dish in question came to symbolise intergenerational tensions around the cost of housing in Australia and overseas. I wrote the column in
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By Leith van Onselen Statistics New Zealand released its permanent & long-term migration figures for September 2017, which revealed that immigration into New Zealand has begun to drift back from record high levels, with 70,986 annual net permanent and long-term arrivals landing in New Zealand in the year to September, down from a peak of 72,402
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The energy circle of farce is now complete: Payments of $50 a year for every Queensland household will be handed out by the Palaszczuk government as part of an “affordable energy” plan released ahead of a state election. The money will come from the dividends of state-owned power companies that had been used to pay
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Spot up. Paper lost most of Friday gains overnight. Steel futures were strong. In news, China’s NDRC hosed off growth expectations Friday: China has forced 28 cities in smog-prone northern regions to reduce emissions of airborne particles known as PM2.5 by at least 15 percent from October to March 2017, with some cities expected to
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Global Macro / Markets / Investing: MAULDIN: A 2-3% Correction Could Wipe Out Most VIX Short Sellers – Mauldin Economics Pollution kills 9 million people each year, new study finds – Boston Globe Bank Of America: “This Could Send The Nasdaq To 10,000” – Zero Hedge Firms that burn $1B a year are sexy but
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Global Macro / Markets / Investing: The right way to help declining places – The Economist Time to Act Now: It’s All About the Right Policy Mix – IMF Industry Executives Think a Bitcoin ETF Is on Its Way – Bloomberg Meet the bears predicting stock market doom – CNN Money Industry stars draw crowds,
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by Chris Becker Reagan Tax Cuts 2.0 look likely as the Senate pushes through Trump’s fiscal budget, pushing the USD higher against the majors which has helped Japanese stocks as the Yen retreats before the weekend election. Stocks outside China have basically put in scratch sessions, taking risk off the table for the moment. In
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Via Goldman: Our usual preferred gauge of underlying flows suggests a total net FX outflow of US$7bn in Sep (US$2.4bn from net FX demand onshore plus US$4.9bn in FX outflow routed through the CNH market). According to the SAFE dataset on “onshore FX settlement”, net CNY demand by non-banks onshore in Sep was -US$2.4bn (vs. +US$3.1bn in Aug).
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My old mate and sparring partner Morry Schwartz has rung another bell on property today: “I haven’t got one property under development and I don’t have any property development planned at the moment,” he said. “It’s much better to be out when things are toppy.” …And while Mr Schwartz said he wasn’t “really predicting a crash,
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Dalian is melting up today just to make a goose of me: The ASX is keeping on keeping on and now has a big, fat bullish ascending triangle pattern. Anything above 6000 and it’s all go: The real driver is the falling AUD on the Trump budget news: S&P futures are up too. Big Iron
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