See the latest Australian dollar analysis here:
The selloff has abated somewhat here in Asia with only local markets falling on the back of both iron ore and coal concerns, as the USD remains firm against the risk currencies with gold still flummoxed at well below the $1800USD level:

The Shanghai Composite is down 0.6% so far to remain below the 3600 point level while the Hang Seng Index has finally stopped falling with a minor bounce but is still below the 25000 point level, currently at 24765 points. Japanese stocks are also putting in some minor gains with the Nikkei 225 up 0.5% to 30484 points, helped by a much weaker Yen as the USDJPY pair tries to get back above the 110 handle after recently hitting a new weekly low:

Australian stocks are the standout in the region by falling sharply, with the ASX200 about to close 1% lower at 7385 points as medium term support is wiped out while the Australian dollar was pushed through the 73 handle with momentum looking towards retesting the lows:

Eurostoxx and S&P futures are rising slightly heading into the London open with the four hourly chart of the S&P500 shows price tightly bound between the 4480 and 4440 point levels with momentum still not yet positive in the short term with the bears in charge – until the BTFD crowd steps in?

The economic calendar finishes the week with UK retail sales, Euro wide core inflation for August and then finishes up with the US Michigan consumer sentiment survey.
- Macro Afternoon - August 9, 2022
- Macro Morning - August 9, 2022
- Macro Afternoon - August 8, 2022
Beer o’clock and not even 4
Had the whole week off from exercise.
Got told off by the missus for eating. my favorite (chips) and that I should be more like Ermo adhering to his new diet.
What’s your favourite chips?
A shop in Curly who cut their own ( not packet,), fresh oil, and really dry them out so no grease, yum. Only second to m.y sugar cravings. Oh well time to be strong again and resist. Will be working WE after a dry spell.
Ohhh that sounds delicious! I see why you have the temptations!
I’ve had to cut back, high cholesterol.
Red rock sour cream & chili
French fries but if they are soggy I send them back
If you want really fresh French fries at McDonald’s, ask for no salt because they cook for you, your French fries on their own, guaranteed straight out crispy & warm- you don’t get your French fries from that soggy pit they serve everyone else’s from
When I stayed in Brisbane city during Melb last lockdown, I had Thai every night for dinner & McDonald’s every day for lunch & my cholesterol went into red alert territory
I just have a small hamburger & small French fries but it seems to be enough to push me over the limit
Cos it’s pure sugar your eating, if you’re over 50 get a calcium score scan done on your heart, it will tell if you’re going to have a heart attack
bcnich is famous around here often quoted for the reason for waiting before purchase of sea change.
Was I interested in a factory building 500m2.at Yamba. Agent rang back saying a few hustling for it at 1.3 and 1.4 should secure it. Thanks but no thanks, o chance. They think that its the next Bryon. This will not end well.
Worrying about your diet is worse than having a bad diet. The bone being pointed will kill a believer in 3 days, stress is far more dangerous. Regime starts again tomorrow after that therapeutic lay off.
@boomen if only they had a machine for stress relief
Not that again.
That was a very long time ago.
One idea I posted to Royal Invention later was life like robotic which came about many years after but as per usual with all my inventions no recognition for it.
https://img.joomcdn.net/2731a08b41f97b7afd18e6011cd7e47eeba76698_original.jpeg
It’s why booma doesn’t take jobs in sweatshops.
He gets the ‘orn.
No diet is everything. Ever noticed how many tough as nails men in their 50’s and 60’s drop dead of a heart attack. It’s because even though they’re fit they’ve also eaten carbs their whole life which will clog your heart no matter what
Omg lol
Snapped up savvy claiming people dying because too too much carbs
I sharted myself laughing so hard
lower the carbs and the irritable bowel may fix itself
DIY question for everyone. I am installing some steel SHS columns in concrete this weekend. They are forming the posts for my pool deck. Do I need to put a cap on the bottom of the post? I can weld one on easily enough, but wonder if it is needed?
Always over engineer it ……it saves nagging doubts in the wee hours …..( unless you’re an apartment builder )
In the old days they used to cement handrails straight into the concrete until that system was found to incite rust at the entry level. Now they have foot plates bolted in on top of the concrete floor. unless stainless which can be done the old way. If you are putting these posts into soil then surrounding with concrete should be ok and no need for caps on bottom although to stop rain getting in caps on top would be good.
Putting load bearing posts into concrete would depend on how deep the concrete and how strong a mixture but as per above a plate on the bottom would help with sound sleep especially that you can do it quite easily now.
Dis disclaimer being that I’m far from being in the building
industry.
Another system to stop the post sliding past the concrete is to drill holes and insert bolts crossways, these can be welded instead of drilling.
Thank you everyone!! These are going into f’king rock, paid a poor bastard $500 last weekend to grind a set of tungsten carbide teeth off his rock auger (I knew we had sandstone but apparently there is pink granite about 200mm down) and I’ll make sure I form the concrete away from the post for drainage. It is a low deck so I’m going to fill them with concrete as well.
Our house on sloping block is a mix of shs formed into concrete and shs connected to tri piles – both annoy me. Prefer would rather footing connected to post so when something rusts it can easily be replaced
Agree with over engineering . When we did our ludicrously large deck we did high wind gal supports direct into the footings with KD timber connectors allowing easily replacement of either and lam jarrah into gal supports. For a pool deck (which I’ll be contemplating soon) If I had to use SHS I’d try to avoid forming directly to footings
Why would one have beer when one could have a glass of 1er Cru and think about the joys that their property portfolio gives them?
Good point. I had a rather agreeable Montrachet last night
So, wasn’t it “Trumble” who went through extraordinary effort to appease the PRC by buying neither
the Japanese diesel-powered subs nor the French nuclear-powered subs, but specifically opting for the latter with diesel engines?
The pleasure of dropping those – priceless (+$2bn)
Lol it’s a country wide phenomena, here in Victoria they cancelled a road and tunnel project and paid 1 billion for tearing up the project.
I’m sure the comradez from around different states can share similar incidents
The Japanese sub purchase was a ‘captain’s pick’ moment from Abbott. The problem is range : it has half the range of the Colin class submarines, as Japan doesn’t need the range.
The problem with the French submarine deal is delivery : it won’t be delivered at all under the current schedule.
…and we laugh at China bulldozing apartments
……It’s only another form of job keeper ..innit ?
Laugh? I’m jealous.
https://truecrimenewsweekly.com/well-sue-if-you-tell-small-wa-legal-firm-aul-law-behind-mystery-trust-which-alleged-rapist-christian-porter-says-paid-his-legal-fees/
+1
How’s your Dees flag bet looking?
I’m on Oliver and Gawn (at very long odds mid season) for the Chas
This week is killing me
Need to pick a nice $50 bottle of red for the games maybe a gapsted saperavi
I closed it out after I saw the Bulldogs last week!
In two minds – $10 bet, close out at 140, or risk that certain 140 for 260
Dees favourites at present
You’re already going to be happy if the Dees win so you may as well cash in on some booze money if they lose.
Unless you think that will jinx them 🙂
Is that $1,000,000 taxable income? If it is a gift, wouldn’t the ATO want to know the relationship to Porter?
Drug dealers have been pursued for less.
Any lawyers out there?
Who was the yank gangster they got on tax
Al Capone.
Donald Trump.
Unlikely to be taxable.
According to a brief bio on her company website, Ms Luktuke began her career in Mumbai, India in 1998 with a leading commercial litigation law firm, before building her own legal practice with a specialist focus on business law and commercial litigation.
She then migrated to Australia in 2007 were she earned a degree in Law from Macquarie University in Sydney.
she’s just doing the needful
Fn JIRA.
Is that the name of your new home brew?
First words of the first line of a new Chisel song.
I assumed he was having downloading issues again:
https://youtube.com/watch?v=No19yMYJUbI
LOLd.
Agile will fix thing.
Don’t forget to include your testing reports.
New issue Fri arvo?
Kind of, but irrespective of the timing, he still has to feed it constantly and all it does is spend all day telling him what to do and frustrating him.
Fvckin BAs.
Yeah, they can be such total flammable chads, right… ?
You know why BAs don’t like coders?
Every time a BA tells one what’s broken, all they do is SQL on them.
BAs are horrible – mapping out actual workflows and all
You can’t live without each other 👀👀🕵🏻🕵🏻🤷♀️🤷♀️😍😍🤜🤜🤜
Presented without comment:
https://www.quora.com/What-is-the-average-time-it-takes-to-service-a-customer-at-a-Subway-outlet
Actually, I think we could all live without that.
Where’s the test data? Is it right?
Fcken 2 rows.
Did you set a restore point?
It’s like I was in the room.
Yeah I wondered what that spastic homunculus was doing there.
I don’t think that word means what you were told it does harry.
Depends on the definition.
Do you want to build a snowman?
The cold never bothered me anyway.
And why does JIRA’s “code” font look so sh!te.
Just let me select Courier you [email protected] Why the shading fvckers? Let me bold bits too.
Fair enough there is probably a way, but fark me who has the fcken time or the inclination to learn.
I’ve taken to putting output in JIRA comments without any formatting, which is very passive aggressive.
What the fck are you going on about? On the cones tonight?
a colleague of mine described it as a “glorified email”. No one likes it.
And yet everyone uses it. Why is that?
“And yet everyone uses it. Why is that?”
everyone is perhaps an overstatement. But I get what you mean. In the SME where I work the boss was convinced how great it would be to track everyone’s engagement and progress before it was trialed. Cutting the long story short. It was the boss who abandoned it first but the rest of us are mandated to us it anyway. I am actually the only one who fully embraced it with getting familiar with markdown script then creating Macros for converting Excel tables to JIRA tables for instance. That is a daunting task for many. Personally I see the biggest problem with its unappealing user interface with things being all over the place and the fact I am as a watcher notified via email about any issue update (like a typo fix etc)
The fvcking thing is supposed to be a productivity tool.
I really hate devoting effort to learning it, that defeats the purpose.
btw. the latest Iron Maiden album has been out for about a fortnight and if you haven’t had a chance listening to it my advice is don’t do it. Instead watch the best and the most hilarious review by RazörFist here : https://youtu.be/WgQss1S5cAY
Dammit I quite like Iron Maiden, but not wholly in the basket.
Mate, I feel your pain.
The guy who took over from my previous role is a salesman masquerading as an engineer. As soon as I Ieft, he abandoned the good but uncool tools we’d used for years like Subversion, and he persuaded the company to go all in on sexy and cool and expensive Atlassian sh1te.
Now we’re about to boot them because they want to increase their fees tenfold et etc.. it’s fcking debacle.
We had to migrate to rally,.I wasn’t a fan at first but its grown on me, wouldn’t want to go back to Jira now.
100% agreement
Totally agreed.
By way of example, what part of converting Excel tables *to* *anything* is cool?
Project Manager?
Yeah, you’re not my manager champ.
One of my few remaining pleasures is when PMs and BAs get teh @rse for being hopeless.
Edit : Molotov not required
BA ? …….Business Analyst?
BA BA black sheep!
Why do people need to know whether you have any wool?
Is there a wool having reporting standard?
Do changes to the wool having status need to be pushed to users in real time?
Who are the wool having report stakeholders?
Who is going to sign off on the wool having report testing (i.e. get the blame for this)?
When harry eventually gets around to writing the PL/SQL for this, should he be three bags full?
This should make you feel better:
https://www.smh.com.au/business/entrepreneurship/pretty-rarefied-air-atlassian-hits-us100-billion-milestone-20210917-p58sjm.html
Atlassian’s sharemarket value has broken through the $US100 billion mark, lifting the personal wealth of its Australian founders to $US23 billion each, as the shift to remote work in the pandemic has boosted demand for its software.
FCKEN.
FCKEN CNTS
Thanks Skippy
Scheduled Diarrhea – Clown Core
https://www.youtube.com/watch?v=wgx2PQY8DPs
I hate JIRA also.. haha.
Failed acceptance testing?
Jira. Permissions. Ugh!
Fcking changes that are not specced, it’s OK from a user, but not from an alleged BA.
I’m going to spike a beer story with you
Looking forward
Yes. What a piece of sh1te. I can’t believe they made millions off it. Most bloated and least powerful tool I’ve ever used.
I’m dreaming fondly of JIRA. Agile as part of a transformation underway running off a spreadsheet.
With a link to Wave from McKinsey.
Well this is a bit grim..
https://www.theguardian.com/us-news/2021/sep/17/worlds-largest-tree-wrapped-in-fire-resistant-blanket-as-california-blaze-creeps-closer?CMP=Share_AndroidApp_Other
Maybe the FED can print some more $ so we can buy some more 2700 year old trees?
You HODL the percentage
But I’m the fool payin’ the dues
https://www.news.com.au/entertainment/tv/current-affairs/waleed-aly-says-its-not-the-job-of-politicians-to-blindly-follow-health-advice/news-story/70b9e31647181d9ada34eb27c3377c80
How’s he gone explain this on the Project
There is a lot of merit in what Evergrande shareholders are doing to management imo. Solves all the corporate governance issues, will mean management will think twice before raiding shareholders money and is actually how capitalism is meant to work. I hope they are successful and Western shareholders are taking notes.
What are they doing? Can you link me to an article?
it was on this website earlier.
they are taking the execs hostage.
Literally hostage?
https://www.macrobusiness.com.au/2021/09/evergrande-losers-take-company-executives-hostage/
Tyoical. Hqve to do all the research and actual work and figure out what the underlying problem/knowledge gap is. And they’ll still probably be complaints about something or other. URL format specification probably.
😉
anyway the approach is novel and long overdue.
management is the single biggest threat to economic growth.
Lmmao … short French history …. no knight is being roasted on a spit whilst wife is ravaged by villagers and the rest look on including the knights kids ….
whats the relevance of French history?’
Outcomes ….
I rather think it is a late stage problem where the bourgeois are so concentrated and removed from operations they can no longer enforce their legal rights v a French revolution type problem where the bourgeois are so powerful they can overthrow the hereditary class and set up a directory.
As in.. How many times over the past 20 years have shareholders cottoned on way too late that their money has been paid out in executive bonuses and resume building?
Pokies-addicted travel agent who stole nearly $670k from pandemic-affected holidaymakers jailed
https://www.abc.net.au/news/2021-09-17/victorian-travel-agent-who-stole-to-fund-pokies-addiction-jailed/100469888
https://www.9news.com.au/world/stefan-he-qin-australian-man-gets-over-seven-years-in-prison-in-cryptocurrency-scam/d9924577-65da-4283-beca-94e11a465cc8
https://au.finance.yahoo.com/news/westpac-savings-rate-slashed-041214204.html
https://www.theguardian.com/world/commentisfree/2021/sep/17/new-zealands-pandemic-housing-policy-has-baked-in-maori-inequality-for-generations
https://www.theguardian.com/technology/2021/sep/17/waste-from-one-bitcoin-transaction-like-binning-two-iphones
where’s mig? Was he banned again. Anyone on tweeter know?
Thanks for nothing. I had forgotten about that bloke!
Jeez I hope so. I’ve had enough of his deranged rants about beating up women in parks and pretending he was a software developer.
https://news.yahoo.com/11-deaths-put-focus-nycs-182652210.html
https://www.theguardian.com/world/2021/sep/17/message-in-a-bottle-from-japan-washes-up-on-hawaii-beach-after-37-years
Nant whisky steals 20 mill from people and batt gets away with it. Good one asic
Lot of ads for Ladbrokes betting ( and others ) on telly at the moment …that costs big bickies ………bet there are many a broke lad that pays for that …
Betting agencies are like superfunds. They all pretty much do the same thing so have to advertise to differentiate themselves. So much money being spent on just shifting market share around and of course it is existing customers (whether guaranteed by law or by addiction) who pay.
You are one of the smartest cnvts on MB; I like to imagine you are Jason Donovan, posting in between looking for new, post-Rocky Horror theatre gigs.
Customer acquisition has to be one of the biggest expenses.
Sport… and Gambling on a Weekend. Only thing missing is Drug Dealers and Amphetamines advertisements.
I dont watch any of it but was thinking how boring TV has become these days. Thankfully, I have the internet so I dont have to watch any of it. I only watch it when Im eating and barely for 5 minutes. Just long enough to say, ” Its crap… and Im glad I dont depend on this stuff “.
The world could be dying from missile attack and I really would care ;p If its not on the internet then it doesnt exist.
Anything that happens between now and the next election is just white noise to me.
I called them “BrokeLads” to some lads who were likely to use that service and they were stunned. They’d never considered that the name could be reversed and have that ironic meaning.
That’s when I realised I was in the company of some particularly stupid blokes so I bailed.
The thing is when ever I see an ad on TV that has a group of particularly stupid looking lads that are supposed to be portraying “Mates “ ….I know straight away it’s selling beer or betting ……of course the lads lap it up ….so it has to be good advertising appealing to its target audience
I just tut and say Marky not so fresh.
Humor – Why get the dole from centrelink when you can get a job at Centrelink – https://www.youtube.com/watch?v=WjFC5eYK6Q8
Why rob a bank when you can become the CEO ….?
See Bill Black ….
Maybe AJ can have a visit with the Bishop.
https://www.dailymail.co.uk/news/article-10000059/Anthony-AJ-Elfalak-blessed-miracle-survived-three-days-Putty-bush.html
Potential for a Lourdes theme park ?
This is a neat idea. Though Nascar may not work for Australian politics. League may be better.
https://imgur.com/gallery/hfdgI08
I bet you’d forgotten this devilish rogue:
https://www.youtube.com/watch?v=beYSAPGSOZk
Anyway on a lighter note pitch correcting Robert’s Plant.
https://www.youtube.com/watch?v=yxX2u8iggYI
The well-tempered Plant
Oh very erudite.
I’m just wondering what he could do with Mark Knopfler
6 months to the next election. Thats plenty of time for another corruption scandal.
15 years of house prices thats trashing the young. Business sector destroyed. Covid deaths. Corruption. War with China. Debt.
We might as well trash the rest of Australia and finish the job.
Just speculating here, if all the Southern MB pansies were to create a compound in Queensland, where would be the best region for us to buy.
What’s your position on fresh air and sunlight?
Good for perineums natch.
No mongs, spastics, [email protected] or fvckwits.
Welp! I’m out!
I’ve written “Dunning-Kruger mong” down in a safe space and now I’m trying to memorise it :’-)
Safe space? Add self-entitled mouth-breathing image-obsessed Darwin award winning snowflake to the list then.
Noosa! 😎
And never mind the woman!
That means Reusa will not join in
Out the back of Kenilworth on the banks of the Mary River. Good water, youse horticultural types can grow what you want and plenty of feral deer to take down with a crossbow or .270. Still near enough the coast but surrounded by forest.
Something like this.
https://m.realestate.com.au/property-house-qld-kenilworth-136092442
I like your choice! I’ll install the lifts if you want to build a high rise at the corner and give dog boxes to the guys
There’s also this if everyone is prepared to go brokeback mountain.
https://m.realestate.com.au/property-residential land-qld-belli park-203093642
WTF is everyone’s gravatar suddenly themeing men smacking balls with clubs?
It’s ok as long as balls aren’t touching!
Mathias must be delighted at all the NSW plans to move to QLD!
We all know Liberals are trying to evacuate NSW so they can open the migrant floodgates for Indians.
Sydney will be the city of Indian and Chinese… and in a few years.. they’ll be writing Australias Laws in Parliament.
I believe the plan is to destroy Australians and I cant believe people arent rioting over this.
I know people who have lived in QLD all there life and most probably will be. They’ll probably end up dead soon because some NSW moron has bought out the place. Suicides the only future. There’s nothing left. Its either Murder-Suicide or Suicide. In a few years, you’ll have more Brenton Terrants because there’s no future left. They’ll be criminals while all these NSW cowards will get away with there crimes.
There’s nothing clever about destroying Australia and killing off Australians.
Its hard to fight a war when your countrys got no money left.
Its good to see people having more of an appreciation for ‘Life’ instead of just working themselves stupidly into the ground 7 days per week. Unfortunately, those same idiots who come to Queensland to lap up all the luxury are also the same idiots who continue to preach there choir as they slowly try to turn Queensland into the same thing NSW used to be. We all know how thats turning out.
I see it as the death of Australia. If this is going to happen, then Australia will be truly dead.
I guess what I have been thinking is all Booms end in Bust eventually. I suspect when this one hits, its going to be impacting peoples lives in some pretty nasty ways.
I saw Queensland just legalised Euthenasia ;p
This is yet just another example of how the wealth disparity and bullying of NSW destroys Australia.
For me, there’s nothing funny about this at all.
It seems to me that corruption was yesterdays news. Nobody cares and we are getting away with it on a daily basis.
We see corruption and we just dont care. In fact, we are used to corruption now.
The new game is ‘organised crime’ and it wont be long before that turns into ‘violence’.
Murder and Violence wont be too far away.
The criminals are just testing the waters. They just want to see how far they can push the boundarys before things go too far.
What’s the fine for riding your bike around after curfew? Asking for a friend…
… on-the-spot fines of up to $1,817…
That’s the price of a top of the line indoor trainer. Fkn.
Probably higher risk on a Friday night. Fkn.
Just peddle quicker than the cops
You have to put the seat back on.
Crikey!
It’s ok bloke. You can borrow Ermo’s. He’s not using it.
Did any of you guys who got vaccinated notice this happening with them
https://www.news.com.au/lifestyle/health/health-problems/could-the-covid19-vaccines-impact-your-menstrual-cycle/news-story/74961d8802cd282fc096c59c8a357473
That’d explain harry’s mood this afternoon.
I thought Harry was a silent resister™️ (vaccine believer but wants the economic impact and closed borders to last for ever)
Oh no, he actively pushes back.
You’d know, joyboy.
Only accidentally. And he’s still not one of the homunculi.
Yeah right I don’t know what homunculi means.
Another factoid I have misunderstood.
Well, I didn’t think you were small, or perfectly formed, but I’m not one to argue. MB has its homunculus! These days it’s what you identify as that counts I guess.
China … Evergrande …
At unfinished Evergrande apartments in central China, buyers seek answers … Reuters
https://www.reuters.com/world/china/unfinished-evergrande-apartments-central-china-buyers-seek-answers-2021-09-17/
China Evergrande is not ‘too big to fail’, says Global Times editor … Reuters
https://www.reuters.com/world/china/chinas-evergrande-should-not-bet-govt-bailout-global-times-editor-2021-09-17/
Lets invade NSW.
Ignore the impacts, actions and outcomes going on in the present.
Lets just call it ‘Politics’ and pretend we are doing all of this for ‘The greater good’.
Lets invade NSW for ‘Freedom’… because Fck It… Why shouldnt we just be able to do whatever we want and when we want?
Because you’d get your ars3 kicked.
NSW? Dont make me laugh.
Lobbyists, Drug Dealers and Crack Whores.
First sign of trouble and everyones fleeing the state. People may not be as loyal to your beliefs as you pretend they are.
Would you like me to translate that into Mandarin so your sellout Chinese friends can come help you too?
NSW : full of cockroaches…
China …
Evergrandes near collapse discounts offers to investors … Stephen Engle of Bloomberg explains … 28% for residential, 46% for office space, 52% for parking lots and retail space
Evergrande Offers Investors Discounted Property in Lieu of Cash … Bloomberg
https://www.youtube.com/watch?v=RaWdNUqhFD4
… and catering for the speculator market in the main (according to Anne Stevenson – Yang), Everergrande, with about 1.5 million buyers having paid likely 30% plus deposits for uncompleted residential units.
Evergrande completed about 600,000 residential units last year. It has likely in excess of 800 projects in 230 metros throughout China.
Check out just one of the Evergrandes stalled developments on the outskirts of the (6.6 million population) central China city of Luoyang, comprising 5 towers of condominiums and 16 blocks of apartments … reported by Yew Lun Tian of Reuters …
At unfinished Evergrande apartments in central China, buyers seek answers … Reuters
https://www.reuters.com/world/china/unfinished-evergrande-apartments-central-china-buyers-seek-answers-2021-09-17/
What the Global Times (CCP mouthpiece) had to say back in 2018 … excerpt …
Housing costs key constraint to Chinese consumption … Yi Xianrong … Global Times
https://www.globaltimes.cn/content/1121946.shtml
‘… High real estate expenses have two aspects – housing prices and rents are both too high. A reasonable home price should be three to six times the median household ( individual … top 3.0 times for households ? – HP comment ) income. That means a family with an average income can buy a house with three to six years’ annual income. The house price to income ratio in China is above 50 in the first-tier cities and 30 to 40 in the third- and fourth-tier cities.
But the whole country, from policymakers to real estate speculators, has turned a blind eye to the problem. These high housing costs are squeezing the consumption ability of Chinese people.’ … read more via hyperlink above …
… and what the CCP said recently via Ambrose Evans Pritchard of the UK Telegraph …
China’s ‘Volcker moment’ is a mounting risk to the global recovery … OPINION Ambrose Evans – Pritchard … UK Telegraph
https://www.telegraph.co.uk/business/2021/09/01/chinas-volcker-moment-mounting-risk-global-recovery/?WT.mc_id=e_DM1485705&WT.tsrc=email&etype=Edi_Edi_New_Reg&utmsource=email&utm_medium=Edi_Edi_New_Reg20210902&utm_campaign=DM1485705
‘… The Party has concluded that the house price spiral is triply corrosive: it is a financial black hole; it is the chief cause of cancerous inequality; and it is a strategic threat through the demographic channel. …’
Guess where all this is heading ?