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Weekend Sundries: 1-2 October, 2022

October 1, 2022 - 10:30 -- Admin

Fishing 72 ‘Bearded dragon @Arakoon in a couple of these shots taken last Sunday morning. ‘We’ve got 25acres in the Nambucca valley which was ex-banana plantation. Over the years   we’ve returned about 80% to wilderness and the rest fruit and veggies. Got about 90 Mango trees of various sizes. La Niña seems to agree with

Weekend Reading 1-2 October 2022

October 1, 2022 - 00:05 -- Admin

Global Macro / Markets / Investing: Dow ends nearly 460 points lower as Nasdaq plunges after Apple downgrade; S&P 500 sets 2022 low  – Market Watch Dow tumbles more than 500 points, Nasdaq sheds 3% as Apple slides – CNBC Apple Ditches iPhone Production Increase After Demand Falters – Bloomberg Americas: New Infectious Threats Are

Macro Afternoon

September 30, 2022 - 16:00 -- Admin

Asian stock markets are generally across the region, although a better than expected Chinese manufacturing print kept Chinese stocks from selling off.  The USD has regained most of its lost ground against the commodity currencies, as Euro and Pound Sterling continue their bounceback. Meanwhile oil prices are failing to stabilise with Brent crude rolling over

Mortgage growth tanks amid record RBA rate hikes

September 30, 2022 - 14:44 -- Admin

The Reserve Bank of Australia (RBA) released aggregate mortgage data for August, with mortgage growth tanking to 1.6% over the August quarter – the weakest result since April 2021: As illustrated in the next chart, mortgage growth has tanked across both owner-occupiers (1.7%) and investors (1.5%): Annual mortgage growth is also now falling at 7.6%

Yuan to keep crashing

September 30, 2022 - 13:00 -- Admin

TSLombard with the note. The dollar is in the driving seat and Beijing’s efforts to maintain a sovereign monetary policy and managed currency are being tested by markets. Growth and rate differentials have driven USDCNY down 12.9% YTD in line with EM peers. The broader CFETS basket is only 1% weaker, but it is the

Don’t blame ‘over-regulation’ for Australia’s rental disaster

September 30, 2022 - 11:30 -- Admin

PropTrack’s Director of Economic Research, Cameron Kusher, has penned a detailed article blaming Australia’s rental crisis on a suite of regulatory decisions over recent years that have dis-incentivised property investors from providing rental housing, and thereby driven a chronic rental shortage: If we go back to 2014… the value of lending to investors was at

Power bill megashock begins

September 30, 2022 - 10:30 -- Admin

From an anonymous QLD business that is seeking to renew an electricity contract that is currently worth $2500/month. We currently pay 6.4969c/kWh peak and 5.5563c/kWh non peak. Proposed contract pricing: 3 year contract (3 times increase to $7,500/mth) 19.8687c and 17.0844c 2 year contract (3.7 times increase to $9,250/mth) 23.6816c and 20.4957 1 year contract

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