The most interesting observation from this month’s house price declines is that the property correction appears to have finally spread beyond the big three capital cities of Sydney, Melbourne and Brisbane to Adelaide and Perth. As at 29 January 2023, dwelling values across Australia’s five major capital cities had fallen by 1%, with all major
DXY is consolidating after its big fall: AUD is afire: Oil and gold stalled: Base metals are looing for China confirmation: Big miners dropped: EM stocks will reopen into the return of China this week: Junk faded: US yields have quietly rebounded: Stocks are full of hope despite poor earnings: Credit Agricole outlines the week
Global Macro / Markets / Investing: The Global Economy on the Edge: Examining Housing Prices, Spending, and Unfair Share Buyback Practices – The Macrolist Making Farms Organic is Paying Off: What we have here is finance meeting farming and doing good, not evil. – NY Times The Myth of the Socially Conscious Corporation – New
LeMon3 One of the more interesting items in my collection of old junk Near Potoroo Falls, just up the road from here Black Shouldered Kite in the front yard and video links The Great Simplification Daniel Schmachtenberger Ermington Plumbing The customer wanted to know why her kitchen timber flooring was
Global Macro / Markets / Investing: Amazon rainforest deteriorating too fast for species, climate to adapt – Business Insider Shell considers exiting UK, German, Dutch energy retail businesses – Reuters U.S. GDP rose 2.9% in the fourth quarter, more than expected even as recession fears loom – CNBC Chevron announces $75 billion stock buyback, dividend
Asian stock markets are doing well in the final session of the trading week, extending the positive risk sentiment that is climbing again on Wall Street overnight. The latest US GDP figures and earnings reports are surprising to the upside with currency markets still in the main going against King Dollar. Euro however has slipped
Will the monetary lag kill the economy? Deutsche thinks so. You could be forgiven for being a bit confused about the global economy at the moment. Today’s CoTD shows European data surprises (vs. expectations) are around their highest for 18 months whereas the US equivalent last week was at thelowest since the end of last
Aussie interest rate futures have backed up to a terminal rate of 3.8% after this week’s inflation shocker: This is nearly three more hikes. I think two are a lock despite a clearly slowing economy. Bond markets are more skeptical. The short end is barely pricing one more and the long end of the curve
With the Australian dollar surging nearly 15% higher against the USD in the last three months, there’s been a lot of spin and gabbing over the Pacific Peso turning into a “safe haven” against the US economy, or alluding to the economic strength down under recently. Once you take a step back away from short
The Market Ear with the latest. NASDAQ – working on the break out Above the negative trend line, above the 12k level, but still below the 200 day moving average. The “tech as the main pain trade” logic continues to work very well and frustration is running high. Let’s see how far they “must” chase