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Faulty apartments create generation of “mortgage prisoners”

June 20, 2019 - 10:00 -- Admin

By Leith van Onselen Australia’s apartment market is in crisis. On Christmas Eve, all residents at the 392-apartment Opal Tower high-rise were evacuated after serious cracking sent soundwaves across the complex. And then over the weekend, residents of a 12 year-old, 10-storey high-rise apartment complex in Mascot were evacuated after cracks were discovered in the foundation

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Back in the USSR: How China saw the Hong Kong rebellion

June 20, 2019 - 09:45 -- Admin

Via Bloomie: As hundreds of thousands of protesters march in Hong Kong’s streets against unpopular China-backed extradition legislation, another battle is unfolding across Beijing’s Great Firewall. Photos and information about the biggest protests since the handover of the former British colony are being systematically wiped from China’s internet. Meanwhile, Chinese state media is pushing a

Aussie bond rocket passes Betelgeuse

June 20, 2019 - 09:30 -- Admin

On and on it goes, at all news highs again: And still there is no curve steepening. Indeed the belly of the curve inverted more deeply than any time in this cycle: We could not outdo US bonds and the spread narrowed: It is the end of inflation.

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Centre Alliance patriots hammer gas cartel

June 20, 2019 - 09:15 -- Admin

Bravo Centre Alliance, via the AFR: The Coalition is risking a brawl with the gas industry by actively considering a domestic gas reserve on the east coast for new projects as part of its push to get income tax cuts through parliament. The proposal, similar to a gas quota policy conceived by Labor three years

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Daily iron ore price update (Brucutu returns)

June 20, 2019 - 09:00 -- Admin

Spot up. Paper rebounded overnight. Steel up but still stalled. Reuters has the big news: Brazilian miner Vale SA said on Wednesday that it will fully resume operations at its Brucutu mine within 72 hours after an appeals court overturned an earlier ruling that halted processing because of concern about the safety of a nearby

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Australian dollar rises as Fed unleashes global boom

June 20, 2019 - 07:10 -- Admin

DXY was soft last night, EUR and CNY stable: The Australian dollar firmed  a little against DXY is still toast elsewhere: Gold broke out: Oil was soft: Metals too: EM stocks lifted: Junk jumped: Treasuries were gobbled up: Not bunds: But Aussie bonds were: Stocks rose modestly: Westpac has the wrap: Event Wrap FOMC: There

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Australian housing values slowly deflate back to earth

June 20, 2019 - 00:15 -- Admin

By Leith van Onselen The ABS on Tuesday released its property price data for the March quarter, which valued Australia’s dwelling stock owned by households at $6.56 trillion, whereas the total housing stock was valued at $6.27 trillion. As shown below, the total value of Australia’s dwelling stock owned by households was 6.97 times employee

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Real rankings of Australian universities for international students

June 20, 2019 - 00:10 -- Admin

Yesterday, Australia’s mainstream media was buzzing with the news that seven of Australia’s universities are ranked in the top 100 universities globally. The below graphic, courtesy of The Australian, shows which universities made the cut: These rankings are important to universities because they are used to market themselves overseas. A higher ranking equates to more

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Links 20 June 2019

June 20, 2019 - 00:01 -- Admin

Global Macro / Markets / Investing: Goldman Sachs is sounding the alarm: Technology stocks are overvalued – CNBC U.S. lawmaker calls for Facebook to pause cryptocurrency project – Reuters Global Economic Growth Is Already Slowing. The U.S. Trade Wars Are Making It Worse. – NY Times Airbus is ready for pilotless jets – are you?

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Macro Afternoon

June 19, 2019 - 15:00 -- Admin

Asian share markets are loving the possibility of the end of the US/China trade squabbles and the hope of more stimulus down a multitude of pipelines stretching from Europe, the US and China and back again. Chinese share markets have seen the biggest gains, with the Shanghai Composite up exactly 1.5% and breaking the 2900 point barrier, currently

The post Macro Afternoon appeared first on MacroBusiness.

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