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Sydney house prices fall for 24th consecutive week

February 23, 2018 - 00:12 -- Admin

By Leith van Onselen The deflation of Sydney’s housing market has continued for the 24th consecutive week, with CoreLogic’s dwelling values index registering another 0.18% decline, and values down a cumulative 3.8% over that 24-week period, and dwelling values also down 3.7% over the past 29 weeks: Sydney’s quarterly growth rate remains firmly negative, down

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CoreLogic weekly Australian house price update: Still melting

February 23, 2018 - 00:10 -- Admin

By Leith van Onselen In the week ended 22 February 2018, the CoreLogic 5-city daily dwelling price index, which covers the five major capital city markets, fell another 0.12%: Values fell across all major markets: So far in February, dwelling values are down 0.29%, again led by Sydney: So far in 2018, home values have

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Links 23 February 2018

February 23, 2018 - 00:01 -- Admin

Global Macro / Markets / Investing: Amazon Is Taking Over the Stock Market, Too – WSJ Why Self-Taught Artificial Intelligence Has Trouble With the Real World – Quanta Magazine Why Apple Is The World’s Most Innovative Company – Fast Company The Rise of Tech Giants May Be Bad News for the Economy – Bloomberg Traders

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Macro Afternoon

February 22, 2018 - 17:46 -- Admin

Following the poor lead from US stocks overnight, its been a rough day here in Asia, although the return of Chinese markets stopped a sea of red across the board. Its all about bond yields with Treasuries spiking and about to breach 3%, taking the USD with it, although Asian currencies like Yen and the

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Trump: Arming teachers solution to school massacres

February 22, 2018 - 13:16 -- Admin

My brain hurts: US President Donald Trump suggested on Wednesday that arming teachers could help prevent massacres such as last week’s mass shooting at a Florida high school. Trump voiced support for the idea during an emotional White House meeting with students who survived the shooting and a parent whose child did not. “If you

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Abbott has now wedged his entire front bench

February 22, 2018 - 12:38 -- Admin

More immigration defense at Domainfax: Acting Prime Minister Mathias Cormann, Trade Minister Steve Ciobo and Home Affairs Minister Peter Dutton have now dismissed the position championed by their former leader, adding weight to comments made by Treasurer Scott Morrison earlier in the week. “Tony Abbott is wrong,” Senator Cormann said on Thursday morning. “To criticise

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Australia dollar and ASX fade on

February 22, 2018 - 12:29 -- Admin

The Australian dollar is still weak through the day: Bonds are bid: XJO is modestly off: Big Iron is up a little As Dalian returns firm: Big Gas is up too but oil still looks vulnerable to me: Big Gold is mixed and I seem to have rung the bell on bottom for the USD

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Average weekly earnings climb out of gutter

February 22, 2018 - 12:19 -- Admin

By Leith van Onselen The Australian Bureau of Statistics (ABS) has released the Average Weekly Earnings (AWE) data for the six months to November 2017. A breakdown of the key changes are provided below: According to the ABS, on a seasonally-adjusted basis, national total AWE increased by 1.7% in the six months to November 2017,

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What Barnaby said: ‘Scandal afflicted pollies should stand aside’

February 22, 2018 - 12:15 -- Admin

Or not: LIVE on #Periscope: Armidale press call https://t.co/1n99oCa3Th — Barnaby Joyce (@Barnaby_Joyce) September 7, 2016 What an arse.

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