Another solid day on stock markets across Asia following the moves higher on Wall Street overnight with Chinese stocks leading the way as expectations for the US/China trade deal become more positive. The Australian dollar launched on the sentiment survey while the Yuan remained firm against USD. The Shanghai Composite closed nearly 2% higher, making big
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It just gets more and more weird with each passing minute, via The Australian: The Young Liberals have launched a revolt against their senior Canberra counterparts, savaging the federal government’s “big stick” intervention in the electricity sector and calling for the resurrection of the national energy guarantee. The Young Liberals, who claim to be the
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Via Martin North: In short, no, although I never argue that owner occupiers try to time the market. It causes too much agonising.
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By Leith van Onselen NSW Labor Leader, Michael Daley, has launched another hypocritical attack over the rampant over-development across Sydney: Opposition leader Michael Daley on Tuesday seized on growing concerns about overdevelopment and said a Labor government would stop developers from bypassing councils… “That is not how you plan a growing city. I don’t want a
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By Leith van Onselen The property downturn appears to be spreading into New Zealand, with the latest valuation data from Quotable Value revealing that average residential property values in Auckland were almost 1% lower year-on-year in January, whereas the rate of price growth has also declined sharply across the rest of New Zealand: The latest RBNZ Survey
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By Leith van Onselen The Australian Institute’s chief economist, Richard Denniss, has questioned the obsession with cutting taxes, especially for the wealthy, claiming it fails economics 101. From The Guardian: Bill Shorten’s ALP are promising to close tax loopholes, collect tens of billions of dollars in additional revenue and spend tens of billions of dollars
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Why wait until there’s a crisis when you can just make one up! Via the AFR: The Morrison government has beefed up its border protection measures and will reopen the Christmas Island detention centre in anticipation of what it claims will be a resumption of the people smuggling trade. Prime Minister Scott Morrison made the
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The Australian dollar has popped a little this morning after news that the housing bust is over with consumer sentiment just fine: Bonds are getting hosed: Stocks missed the memo: Dalian is weak at the open: Big Iron powers on, especially poor quality dirt: I wonder when the blood-sucking gas cartel will price Labor? Big
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Via AOG: What, not the weather’s fault?
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For the RBA comes a profile of its absurd self:
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