HOW DOES ONE GIVES HOPE AND HAPPINESS IN A WORLD WHERE LIFE TAKETH WHAT IT GAVE YOU IN THE FIRST PLACE? THIS HAS BEEN THE CENTRAL TRAUMA OF BEING HUMAN — OF BEING Homo sapiens.... AS WE DISTRACT OURSELVES WITH VARIOUS DEVICES FROM TIKTOK TO ARTIFICIAL INTELLIGENCE, WARS AND FAIRY TALES, THE CENTREPIECE OF OUR MORAL BEHAVIOUR OFTEN RELIES ON A RELIGIOUS DOGMA.
I wrote on Monday that Australia’s house price boom appears to be losing momentum, as evidenced by the slowing growth of Cotality’s daily dwelling values index. Growth in Cotality’s 5-city aggregate index has slowed significantly over the past 10 days, driven by sharp decelerations across Sydney and Melbourne. The loss of momentum is also reflected
It’s a dead possum. Somewhere in the ceiling. A very large dead possum, it smells like. Who ate a lot of chilli and beans.
There’s a guy coming with a chainsaw and a bucket tomorrow.
This deadline’s going really well I reckon.
The Reserve Bank of New Zealand has already slashed the official cash rate (OCR) by 3.0% this cycle, taking it to 2.5% from its recent peak of 5.5%. This reduction in the OCR has slashed mortgage rates, which, as illustrated below by Justin Fabo from Antipodian Macro, are now tracking at around pre-pandemic levels. However,
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Like all things El Trumpo, nothing lasts very long. The Market Ear on the stock rebound. The crowd Once again they managed loading up on puts at local market lows. The crowd is the crowd for a reason….Chart shows put/call ratio vs SPY. Source: Tradingview Selling lows? Was Thursday tech capitulation? Shorting lows is painful,
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Recent job advertisements and vacancy data, presented below by Shane Oliver from AMP, suggest that Australia’s labour market is gradually softening. Last week’s Q3 wage data from the Australian Bureau of Statistics (ABS) also struck a soft tone, with private sector wage growth falling sharply, partly offset by strength in public sector wages: SEEK has
When looking at a chart of U.S. household debt, one can’t help but be struck at how well American households have managed the post-Global Financial Crisis era. In December 2007, the point at which the U.S. National Bureau of Economic Research began the ‘Great Recession’, total household debt to GDP stood at 100.2% of GDP.
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