Links 19 September 2019

Global Macro / Markets / Investing:





Leith van Onselen


    • Mining BoganMEMBER

      Choice of weapon is poor. Sledgehammers should only be used after home invader is neutralised…Misery style.

      Also who keeps a sledgehammer inside the door?

        • Vibrants, having a go, getting a go, that’s who! How good is vibrancy? I mean, Aussie thugs have had it too well for too long, ooh, lah-di-dah, shoes and gloves for break and enter.

          *after rewatching the video* oh… you mean the other guy! Well… hey, I don’t suppose he thought he’d have to break the glass really. I’m impressed with how many hits it took to break that glass.


    US housing starts race to 12-year high in August … Reuters / CNBC


    • U.S. homebuilding surged to more than a 12-year high in August.

    • Both single- and multi-family housing construction increased, suggesting that lower mortgage rates were finally providing a boost to the struggling housing market.

    • Housing starts jumped 12.3% to 1.364 million units last month, the highest level since June 2007, the Commerce Department said. … read more via hyperlink above …
    4 out of 5 Americans say there is a housing affordability crisis (NAHB Survey) … Mortgage Professionals of America Magazine
    Trump pushing for major crackdown on homeless camps in California, with aides discussing moving residents to government-backed facilities – The Washington Post
    … behind paywall …
    … via Zerohedge …

    … extract …

    … A White House spokesman said Trump signed an executive order in June that pertained to affordable housing regulations, and that the administration is continuing to seek new solutions for homelessness. Trump’s executive order created a new White House council on eliminating “regulatory barriers” that White House officials believe increase the cost of building new housing. Developers have said these restrictions drive up prices on housing and limit the supply.

    “Like many Americans, the president has taken notice of the homelessness crisis, particularly in cities and states where the liberal policies are combining to dramatically increase poverty and public health risks,” said Judd Deere, a White House spokesman. “President Trump has directed his team to go further and develop a range of policy options for consideration to deal with this tragedy.” … read more via hyperlink above …

  2. Why Toyota Is Making a $391M Texas Truck Bet … Yahoo Finance

    Sep.17 — Christopher Reynolds, Toyota North America chief administrative officer, manufacturing & corporate resources, discusses the manufacturer’s investment in its Texas truck plant that will build its next-generation pickups, and the outlook for passage of the USMCA. He speaks on “Bloomberg Markets: European Close.” … view more via hyperlink above …

    • Maybe they’re finally waking up? I know my folks have. Sure I funnel various articles their way on WhatsApp but the more erudite msm they follow now mentions everything covered here. They’re still very sensitive about some aspects of it though (I think that’s generational guilt at not realising what was going on) however they don’t have my level of rage but they do have the despair. My mother had turned quite nihilistic from her normal goodie two shoes persona and regularly tells me the world is fcked (she never used to swear either) thanks God I didn’t have kids and just tells me to enjoy everything while it lasts

    • It Is a class war Harry! It’s only been the verbose moneyed ones who have cheered it along by what I see. Late Boomer/Gen X disgruntlement has been there for quite some time, just whispered because their Uni kids used to shut them down before they got some real world experience & now also realise they’re being screwed. Even the Older Boomers who aren’t good at listening have been complaining about how Pushy things are becoming in the Cities for some years too, & not a lot look too closely or know where to look…… they’re finally waking/facing up that the media is entirely corporate/state propaganda.

      Those bottom para’s just can’t be right?

  3. Central banks now look to be in a no-win position after “a protracted period of over-reliance on monetary policy,” Mohamed El-Erian, chief economic adviser at Allianz (DE:ALVG), tweeted.