Links 18 September 2019

Global Macro / Markets / Investing:





Leith van Onselen


    • that’s prohibitively expensive for this route – it’s never going to happen
      there is no way one can recover the money even if all airline passengers between Dallas and Houston switch to rail.

      People don’t fly often between the two because public transport infrastructure in both cities is almost non-existent and cities are two close to save much time (driving is around 3.5h).
      To get to the airport (train station), park a car, get through boarding, …, rent a car at the destination airport/train station and drive to the final destination it takes almost as much time as driving door to door. The cost is going to be much higher than driving. Very few people in both cities live close to the downtown in both cities where train stops are going to be and traffic to the downtown is really bad so this has no chance ever happening

      • There are 24 flights per day from Houston to Dallas now.

        Air tickets are at least £84 one way.

        Road congestion will get worse as mass immigration continues. Government should be building it, but whacky America.

        20 hours ago

        KLM Royal Dutch Airlines is to replace one of its five daily flights between Brussels and Amsterdam Schiphol with reserved seat capacity on a Thalys high speed train service from March 29 2020.

        This is intended as the first step in a programme to gradually cut back the number of flights between Brussels and Amsterdam

        KLM said it was favour of replacing short-haul flights with rail

        • that’s an easy route to be replaced because at both sides intercity train stops at airports

          also once arrived in Amsterdam or Brussels train station public transport comes in few mins and takes you anywhere in 20 min
          after arriving to Dallas or Houston one needs to spend 20min just to rent a car

    • Off topic.
      Check out the Lemon Twigs. They are teen brothers who do 70s pop/rock better than many of the 70s guys themselves.

  1. NEW ZEALAND – HAMILTON HOUSING … What genuine steps is the Hamilton City Council taking to restore housing affordability over a reasonable and realistic timeframe ? …

    New report warns of looming house price shock in Hamilton … Gerald Pidgeon … Stuff NZ

    Hamilton could be facing a triple crisis in the next 10 years around housing affordability, massive rates increases and high council debt.

    This is because of flaws in how the Hamilton City Council calculates its growth and demand for housing, according to a new report by Auckland-based economic analysis company Urban Economics.

    The report was commissioned by Hamilton property consultant Colin Jones who was concerned with HCC’s projections around housing demand and affordability within the city. … read more via hyperlink above …
    2019 15th Annual Demographia International Housing Affordability Survey
    … Urban Development Minister Phil Twyford made it clear late March …

    New Zealaned (then Housing) Urban Development Minister Phil Twyfords speech to the New Zealand Initiative Members Retreat … New Zealand Government / Beehive

    … extract …

    … In our view there are three big challenges that have to be addressed:

    1. A broken system for financing infrastructure

    2. A planning system based on urban containment

    3. The failure of governments until now, both local and central, to actively work with the private sector to enable urban growth and expansion. … read more via hyperlink above …

  2. “Oil prices cooled on Wednesday as Saudi Arabia said the kingdom had fully restored its oil supply following attacks on its crude facilities”…so did anything actually happen?

  3. Only 38% Of Americans Believe Humans Mainly Responsible For Climate Change … Zerohedge

    Are Humans Mainly Responsible for Climate Change? … Statista

    By now, most people have accepted that climate change is real, and that it is happening. What we can’t all agree on though, is what the main cause is. As Statista’s Martin Armstrong notes, close to an absolute majority of the world’s scientists are adamant that we as humans are the main factor behind the speed and extent to which our climate is changing.

    When though, like YouGov, you ask the people what they think, the picture becomes a bit cloudier. … read more via hyperlinks above