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Greens’ urban infill utopia will make our cities hotter

June 27, 2017 - 08:04 -- Admin

By Leith van Onselen Bloomberg has published an interesting article about how cities are facing swelter temperatures as climate change combines with the loss of green space to create a ‘heat-island’ effect: It’s so hot in Phoenix that American Airlines Group Inc has had to cancel scores of flights… The sweltering conditions, which have engulfed much of

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CoreLogic: 13% of apartments selling for a loss

June 27, 2017 - 07:45 -- Admin

By Leith van Onselen From CoreLogic’s latest Pain & Gain report comes news that 13.3% of apartments transacted across Australia in the March quarter sold at a loss: As shown above, New South Wales was the outlier, with every other apartment market in the mainland recording double-digit resale losses. Losses for houses were much lower

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Oil tells markets where to go

June 27, 2017 - 07:44 -- Admin

The Aussie was strong against USD and EUR last night: But weak against EMs: Gold slumped: Brent rose: Base metals lifted: Big miners were mixed: EM stocks took off: As high yield rebounded with oil: But the US yield curve sank to new lows: With more tightening European spreads: And stocks rebounded: In short, oil

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Ready for Chinaustralia?

June 27, 2017 - 06:48 -- Admin

Great piece today from Peter Hartcher on the astonishing wreckage of Donald Trump: Donald Trump is unique among US presidents not for his rough treatment of America’s enemies but of its allies. His Vice-President, Mike Pence, must be aware of the problem. He offered Julie Bishop a way around it: “If you ever have any

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Coalition confronted with wipeout

June 27, 2017 - 05:25 -- Admin

From The Australian: Analysis by The Australian suggests the Coalition would lose 20 seats — four in NSW, nine in Queensland, two in South Australia and five in Western Australia — if the election matched the state-by-state swings shown in the quarterly Newspoll survey published this week. Three cabinet ministers — Peter Dutton, Christian Porter

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Xenoponzi joins banks to roll SA government

June 27, 2017 - 04:57 -- Admin

Via the AFR: Senator Xenophon said the state needed to ensure the best possible investment conditions were in place to try to reinvigorate the local economy at a time when carmaker Holden was getting ready to close its operations in October. “My concern is that it will damage investment,” he said. “It’s quite a different

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Ponzicoins crash

June 27, 2017 - 04:55 -- Admin

Red ink everywhere: I have no idea what it means.

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The death of Australian housing affordability

June 27, 2017 - 00:10 -- Admin

By Leith van Onselen A ripper new report by LF Economics is out, entitled Parental Guidance Not Recommended: An Illustrated Guide to the Latest Trends in Affordability in the Australian Housing Market. It assesses the challenges new First Home Buyers (FHBs) and others face versus previous generations in not only achieving home ownership, but the financial risks many Australian

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Daily iron ore price update (yawn)

June 27, 2017 - 00:05 -- Admin

Iron ore prices for June 26, 2017: Tianjin benchmark was unchanged at $55.50. Paper is going nowhere. Other prices have yet to update. No change to outlook: down.

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Links 27 June 2017

June 27, 2017 - 00:01 -- Admin

Global Macro / Markets / Investing: The falling elasticity of global trade to economic activity – VOX It’s going to end ‘extremely badly,’ with stocks set to plummet 40% or more, warns Marc ’Dr. Doom’ Faber – CNBC Trump to Call for U.S. ‘Dominance’ in Global Energy Production – Bloomberg The Aging of Oil –

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