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RP Data weekly housing market update

April 13, 2015 - 07:30 -- Admin

Click to view Core Logic-RP Data’s latest weekly housing market update, which provides a useful snapshot of the housing market as at 12 April 2015. This week’s report includes: Latest weekly dwelling value results; Auction results & clearance rates; Latest median house & unit prices; Average time on market & vendor discounts; Mortgage market activity;

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Auction clearances approach the moon

April 13, 2015 - 07:15 -- Admin

The national auction clearance rate remains locked in orbit, driven again by super strong demand in Sydney and Melbourne. The preliminary national clearance rate was 79.0%, up marginally from the weekend before Easter (77.4%), with clearance rates running at their strongest level in six years in trend terms, from RP Data: Sydney’s clearance rate rose

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Joe’s Budget black hole gapes anew

April 13, 2015 - 04:38 -- Admin

From the AFR, Treasurer Hockey has begun the Budget leaks starting with iron ore: “There seems to be no floor. We are contemplating as low as $35 a tonne”…Mr Hockey said the revenue loss from iron ore would be exacerbated by write-downs in income tax revenue, a product of flat wages growth. The iron ore price

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WA bailout pulls plug on loon pond

April 13, 2015 - 00:30 -- Admin

Gina Rinehart declared on the weekend that Australia is the next Greece: “Are our country’s business leaders just going to call for more handouts for their failing businesses struggling to be sustainable with the commodities crash?’’ she said. “But where can such taxpayer funds come from given our debt and that we’re having to borrow

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Abbott polls jump, crash

April 13, 2015 - 00:29 -- Admin

There’s a big poll divergence today for the Abbott Government today with Newspoll showing firming support: The latest Newspoll, taken exclusively for The Australian at the weekend, shows the Coalition has opened a five-point margin over Labor on primary vote to be ahead by 41 per cent to 36 per cent — its biggest lead

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Roy Morgan unemployment 10.8% in March

April 13, 2015 - 00:25 -- Admin

By Leith van Onselen Roy Morgan Research (RMR) has released its unemployment estimate for the month of March, which registered a 0.2% fall in the unemployment rate to 10.8% from 11.0% in February. However, unemployment was down 0.8% over the year (see next chart). According to Gary Morgan: Roy Morgan’s employment estimates contain some positive

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Daily iron ore price update (Montgomery says $10)

April 13, 2015 - 00:14 -- Admin

Here are the iron ore price charts for Friday April 10: Spot corrected as expected but paper is looking a little firmer with the 12 month holding up despite new lows for Dalian. The latter is up 4 points from Friday this morning. The rebar reversion marches on.  Texture from London Scrap: Despite a sharp

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Chinese stock maniacs proliferate

April 13, 2015 - 00:02 -- Admin

Cross-posted from Investing in Chinese Stocks. Social mood is rising into extreme territory. Investors arbitraging between overpriced Mainland A-shares and fairly priced Hong Kong H-shares are one source of buying, but the main fuel for the latest rally is investors’ belief that they cannot lose——because the Chinese government itself will invest more money into equities.

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Links 13 April 2015

April 13, 2015 - 00:01 -- Admin

Global Macro / Markets / Investing: You’ve Never Heard of the Bull Market’s Best Stock Pickers – Bloomberg Stop using indicators to keep you out of the market – Dragonfly Capital A historical look at deflation – VOX Druckenmiller Recounting Soros Experiences Blasts Fed Policies – Bloomberg What really causes economic downturns? – weforum.org This

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Fall of the Iron Reich 3

April 12, 2015 - 11:28 -- Admin

Here’s some Sunday comedy courtesy of MB’s own Chris Becker. Enjoy!

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