CoreLogic’s dwelling value results for May are out at the 5-city level, with values falling 0.48% over the month led by a heavy 0.91% decline across Melbourne: It was the first monthly decline since June 2019: Over the May quarter, dwelling values rose by 0.4% across the major capitals, with growth slowing fast: Falls across
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Albert Tucker, ‘Image of modern evil’, 1945, National Gallery of Victoria Macro & Markets China debt: bond problems could still resurface in 2020 after defaults amid coronavirus lower than expected – SCMP The Great Depression, coronavirus style – AsiaTimes Donald Trump says the US is ‘terminating’ its relationship with the World Health
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Global Macro / Markets / Investing: Markets fall as Trump plans to hold a news conference Friday on China – The Hill Plunging solar energy prices spell bright future for clean electricity – DW A Universal Basic Income is Essential and Will Work – DW Fed Why Main Street is bleeding while Wall Street Soars
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A flat end to the week as the window dressing month end meme takes place across risk assets with most stock markets pulling back here in Asia. Besides the usual end of month reshuffle, risk is still waiting Trump’s policy announcement on China, but it seems he’s too busy having a dummy spit about Twitter
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Via Ambrose Evans-Pritchard: The V-shaped recovery in East Asia is sadly no template for the blundering West. The near euphoric rally on global equity markets is based on a fundamental fallacy. Most of Europe and North America are not pursuing the policies that enabled China and the Pacific Rim – with big variations – to
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Via the ABC: SA Police has launched an investigation into a photo which purportedly shows one of its uniformed police officers supporting Hong Kong’s police force. The photo, which features in an International Police Association (IPA) magazine, defends the conduct of Hong Kong Police during the protests last year, despite claims from protesters that officers
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Via The Wire comes Steve Bannon: Q. On Thursday, Beijing announced that it was planning new national security laws that could give China’s leaders greater control over Hong Kong and undermine civil liberties in the semi-autonomous territory. This looks like a bold move by Xi Jinping and Beijing’s leaders aimed directly at anti-government protests and
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Via the excellent Damien Boey at Credit Suisse: Credit growth surprises materially to the downside. Bank credit was unchanged in April, compared with the Consensus forecast for 0.6% monthly growth. Year-ended growth slowed to 3.6% from an upwardly revised 3.7%, versus expectations for a pick up to 4% . Compositionally, business and housing credit rose moderately, while personal credit fell. Arguably the
With social distancing likely to be the norm over the next two years, the notion of sardine-packing residents into trains, buses and trams is obviously no longer viable if Australia is to contain outbreaks of COVID-19. Indeed, a new Roy Morgan survey suggests Australia faces a dilemma: “continue working from home or return to work
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Bloody Switzer won’t leave poor Steven Keen alone: WATCH | SWITZER TV PROPERTY: “Dr Doom” Steve Keen and Tim Gurner join @PeterSwitzer on our latest property show.@ProfSteveKeen#Investing #Property #Economy #Money #Finance #HousePrices #RBA #COVID19 — Switzer (@Switzercomau) May 29, 2020 Roll out the housing bear to distract investors from this underperforming ETF: