See the latest Australian dollar analysis here:
Asian equities are bouncing back following last night’s FOMC meeting, where the taper was confirmed but not brought forward as risk expectations and sentiment start to settle yet again, getting Wall Street out of its minor funk. The USD remains relatively firm against most of the risk currencies although gold is failing to find support yet again, with Bitcoin re-engaging to the upside in a classic swing trade higher, now back above the $44K level but not clearly recent resistance levels:

The Shanghai Composite had a mild uptick despite the big Evergrande boost, closing 0.4% higher at 36429 points with the Hang Seng Index reopened and launched 1% higher to finish at 24458 points but is still not yet out of trouble, while Japanese markets were closed:

Australian stocks put in a very solid session, with the ASX200 finishing exactly 1% higher at 7370 points but still just short of previous medium term support as the Australian dollar was unable to get out of its funk, with price seemingly anchored here at the mid 72 level:

Eurostoxx and S&P futures are up more than 0.8% as sentiment increases, with the four hourly chart of the S&P500 showing price breaking through previous ATR trailing resistance, now above the previous dead cat bounce and previous support level at 4400 points:

The economic calendar pivots to the latest round of Markit PMIs and the BOE interest rate meeting tonight, followed by US initial jobless claims.
- Macro Afternoon - August 9, 2022
- Macro Morning - August 9, 2022
- Macro Afternoon - August 8, 2022
May the force be with you CB, thank you
Good luck hunting down close contacts.
https://mobile.twitter.com/rwillingham/status/1440920817387200513
Was about to share the same story! It seems it spread fear among protesters hence it was a fizzle today..not much action.
Except those cowards attacked the [email protected]
Reckon the fizz is because the CFMEU blokes involved finally realised they were being played for fools by agitators looking for a blue.
That and Setka said they’ll be banned from union worksites.
Lol they don’t want to pick fruits in Mildura
What’s my name? (say my name, say my name) That’s not my name. What’s my name?
Glenn.
HODL.
Yes mate you hold while we sell all good
Hang Seng 24,568.0 Futures +451.0
Er sympathy for the devil
π later π
Macro refusing to pick the phone and answering scomo
They’re p!ssed off.
https://mobile.twitter.com/HerveGrandjean/status/1440251826532536327
Also Sleepy Joe offered a little apology to the French Ponce for the behavior of Scummo. A sorry-you-had-to-deal-with-that-clown-like-that.
Edit: hey, how big is the French embassy in Canberra? Could it be an opportunity for a property developer with political connection to make a savvy investment?
Hilarious coming from the mob that always screamed contracts are ****Sacred**** thingy …. and here I thought Scummo being a good church going sort would hold that dear as well ethical and moral[tm] … forbearance … silly me ….
Man…he ripped ScoMo’s a$$ off with that thread
Sour grapes
Stinky cheese
Macron is a neo liberal piece of merde
Lol …still I prefer the French over the ones buying houses in big droves
So do I
HODL.
Which bank CEO is looking at the numbers and getting a tad nervous ……so many years to retirement…..so much risk ….
https://amp.smh.com.au/business/banking-and-finance/cba-boss-increasingly-concerned-with-rising-property-prices-20210923-p58u5x.html
They’ve all done everything possible, one after the other for more than a decade, across a range of industries & regulatory bodies, the world over, to make sure it’s not their name etched beside the next financial calamity (… now on the horizon)
Wouldn’t matter. They’re all TBTF.
Banks and their debt are essential now. They made it that way and good luck going back now.
https://www.theage.com.au/business/markets/asic-issues-stern-warning-about-social-media-pump-and-dump-posts-20210923-p58u3a.html
This is all normal activity indicative of a properly functioning priced-to-perfection market that is a million miles from popping.
https://www.macrobusiness.com.au/2016/09/official-panic-begins-chinese-property-bubble/
You remind me with peachy with those throw back links
(JohnR does that sometimes, he once linked stagmal describing losing his virginity…that was a read)
Imagine the indexed spreadsheets these cats must invest hours into managing
Reckon Viney might murder someone this GF
Rewatching the prelim – we were irresistible
The dogs are younger and more agile…but I see us breaking them the first quarter and establish a dominance till the final sirenπͺπͺπͺ
But we’ll get on top!
It’s going to be a big day!
Enjoy the reply, it was a great game!
Got a link to that Stagmal Penthouse forum post?
Lucky missus.
Apologies Ermo, but I don’t, I actually find it interesting that people save links and index comments, then they pull them out when need to
Come on mate!
Who doesn’t love a good rooting story!
Was it you when we had the lively βwhat should I plantβ commentary a few weeks ago who said they wished they could grow a lemon myrtle?
We had a heap of trees pruned / felled last week and imagine my surprise whereupon one lot of pruned branches entered the chipper a most delightful lemonade scent swirled into the air. I hadnβt realised one our screen trees was one. Iβd thought it to be a tamarind, as we have this 45m long planting of rainforest trees as a screen.
https://au.finance.yahoo.com/news/rba-mulls-stepping-in-as-property-prices-pose-major-risk-to-economy-013418717.html
https://www.brokernews.com.au/news/breaking-news/cba-announces-major-changes-to-help-brokers-get-home-loans-for-selfemployed-clients-278762.aspx
Scraping the bottom of the barrel because the usual source of debt slaves is exhausted
The first article contradicts the second one
https://www.news.com.au/finance/business/banking/westpac-not-holding-breath-on-alleged-fraudsters-return-to-australia-court-hears/news-story/989181bc564b2bbc88b0d97cf6338f92
DAX 15,671.65 Xetra +164.91 +1.06%
https://www.theage.com.au/national/victoria/media-companies-successfully-challenge-live-broadcast-ban-20210923-p58u2v.html
Maybe they’re looking for justification and softening up the people for NZ-style reforms?
Spooked from China?
The debt hasnt been a problem for about 15 years and now its suddenly a problem. And apparently household savings has never been better! Something not adding up.
I actually now hate the chicken sh1ts, like severely, and hope they suffer with their fears in the extreme! They have done well to divide us. But the weak always succumb. That gives me hope.
You vaxxed bloke? All your Chinamen property holding brethren are*.
*Well, those that aren’t detained for questioning.
And I guess, those that aren’t are the ones that got the made in Poland stuff, not the wu hu anti wu flu shots.
I am totally in support of the unvaxxed fighting to the death to protect their freedom to choose to remain unvaxxed but I am getting sex-tuplet vaxxed. Pfizer now, then AZ, then Novavax, all different tech and all times two. Can’t wait.
Yes mate only way to go straight in both jugal viens cause ya got get in to you to travel now good on ya its australian way
Youβre dead with that panel
You missed Moderna
Sound roundup in the eyeballs
Ivermectin in the ring
Some fipronil in each nipple
yeh better to be the KFC-food-court-type-man-baby who spits on health workers vaccinating homeless people at a vaccination hub, on the way to desecrating and urinating on the shrine. These are the real tough aussie heroes who do us proud.
Nothing in Melbourne makes Australia proud, nothing
Youuuu rang?
+ lots of upset barristas with two degrees posing as tradies.
If you knew australian history the Victorians were allways going to be the hardest to make bend over cop reaming
I have a theory that all this frustration and protests in melbs are due to lack of brothels, massage shops, barbers and very restricted drug supplies..so much bent up demand
I have no doubt that you are onto something. If only they knew about the Escorts and Babes, Real Babes, and Locanto websites. Haven’t seen barbers on there though, well not normal ones anyway.
Said in 2020 as lockdowns began. About a million drug addicts are going cold turkey.
You were spot on
Pent up demand you say, that reminds me⦠Why did the virgin go to the orgy?
For the celibate.
It’s bent up like S bend,
So things are stuck in it…get it?π
Bent up demand
Very very good
Updating Melbournians….
“Due to complete media blackout & servers down, & FB lives blocked on 90% of Vic FB – this is the image you won’t see today….”
A shot of Huge crowds flooding streets, Nurses, Teachers, Families – the whole of Melbourne judging by the aerial pic. They’re apparently being scrubbed from FB as soon as they’re being posted…..
Or so the piccie shows & message says……
Look, I’m all in support of suchness, but link or it didn’t happen.
https://www.barryodonovan.com/wp-content/uploads/2011/02/illusion-of-free-choice.jpg
No, they’ve got it wrong. It’s actually emotional parents being reunited with the ten thousand kids Paedo Dan had locked away in the tunnels under the Dandenongs.
I thought the guy that does my nails was making that up! Jebus. That man’s evil.
Edit: Dan (not my nail guy).
Are nail salons where the womans buy their drugs?
Bunnings dude. Bunnings hardware section – tell Tim Wilbur sent you.
Edit: he’ll make sure you get the best heads.
glue sniffing parties
always the same qanon freaks posting horsesh1t. what’s in it for you ya weirdo?
Well there’s 2 things I haven’t been called before & it was unnecessary now! If only you understood the context of being here for more than 2 minutes like the rest of the fella’s have! Stick around & you might learn something – but you’ll need an open mind for that! First lesson here – Free – https://www.macrobusiness.com.au/2018/08/comment-rules/
Now that the SCO have scooped up Iran, they intend to enlist ASEAN next…………the sub deal can only aid them in this.
https://thecradle.co/Article/Analysis/2104
I pointed out that some need to understand SCO before making assumptions.
South Australia joins the chat.
https://www.abc.net.au/news/2021-09-23/sa-icac-bill-passes-parliament/100487668
So suprise suprise “Independents” are just as corrupt as MPs of the major parties.
This is why rank and file controlled political parties are the only solution to our hopelessly corrupted Parliaments.
The systemic inducements offered to these individual “Representatives” are to great and relentless for them to resist.
They can not be trusted to represent the people’s real interests.
Only real democracy can do that.
If this can’t be achieved within parties of less than 50,000 members then there is little chance of democracy for the whole country.
Maybe all the grown up have just already accepted there is no democracy, its all just a game to keep the plebs docile and the best thing to do is suck up to the real ruling elite as much as possible to receive a better stripend
You are right!
People say Objection!
And their representatives should say Sustained!
On that score it’s the two party preferred voting system that needs changing
Well you say that but the bloke who put forward said corruption increasing/accountability stifling legalisation was one of these much celebrated “Independents” of yours.
Not a product of the 2 party system you are lamenting.
So your point is largely irrelevant.
My point is that all MPs whether they mostly all belong to 2 parties or 22 parties need to be held accountable beyond some narrowly focused polling day every 3 or 4 years.
Every major policy decision MPs make should be under the direct democratic control of the membership of the parties that elevated them into Parliament in the first place.
Thats the only solution.
The number of parties is irrelevant.
When you give ANY individual or group of individuals to much power and control over decision making they ALWAYS become corrupted.
There is no exception to this rule,…not ever!
Rotation of power between always the same two parties regardless of performance is a failure of both democracy and accountability in that sense they are one and the same. Corruption is a derivative of that failure
This house a couple of streets behind us. Sold in 8 days.
https://www.realestate.com.au/sold/property-house-nsw-port+macquarie-137168794
Same configuration as our house (4/2/2). Over 200sqm less land. $200K more than what we bought for in December π€ͺ
This is disgusting.
https://www.dailymail.co.uk/femail/article-10018145/Meet-ponies-live-owners-homes.html
Not a single headscarf.
Normal for Norfolk…
Only the Queen wears a head scarf around horses
Couldnβt bear to see the Dees win?
https://www.smh.com.au/national/victoria/former-carlton-president-john-elliott-dies-20210923-p58ucy.html
Left a fair bit of his cv out.
https://www.theage.com.au/national/the-rise-and-fall-of-john-elliott-20030630-gdvyry.html
He was a character sad for his fam…..glad that death equalises all…
Iβm forever thankful to Jack Elliott for bowing out as president leaving the Blues on their knees, from which theyβve never recovered, and I hope the bastards never do!!
Itβs a pity he couldnβt take those 2000 sniper GFbombers with him. Long, Hardwick and Wallis in particular . Depths of hell for them
Give me the macchiato FCKEN.
https://www.dailymail.co.uk/news/article-10019329/Ravens-attacking-drone-delivery-services-Canberra-forcing-flights-paused.html
It’s their mating season….they must have thought the drone a very sexy bird…
I was rooting for the Bull Sharks.
https://www.dailymail.co.uk/news/article-10018885/All-boys-netball-team-dominate-girls-team-46-12-18s-state-final-sparking-backlash.html
Boy some comments in that article when I read it on news.com this morning, worth a check!
The Bull Sharks shoulda started a brawl to put the Suns off their game.
Imagine all the accidental touches a young bloke could achieve in that game, and I’m talking hetrosexual accidents! Would be better than a packed train at 3.30pm!
Such a Pitty the fathers of the girls team didn’t punch the sh!t out of the fkwits on the boys team.
Lucky it was not a toowoomba drone with hypersonic missiles
Indeed
It’s public holiday tomorrow here in Victoria, anyone else in our great country states having a holiday too?
Every SQL day is a holiday.
Housing inflation is not wealth creation. Why does the Chinese Communist Party appear to understand this best ?
β¦ What is the total housing stock value to gdp for countries within the OECD ? β¦
β¦ Since when did housing inflation start being misrepresented by economists as wealth creation ? β¦
β¦ First β¦ the United States β¦
Household Net Worth Hits Record $142 Trillion, Up $31 Trillion Since COVID, But There Is A Catch… … Zerohedge
https://www.zerohedge.com/economics/household-net-worth-hits-record-142-trillion-31-trillion-covid-there-catch
Another quarter, another record high in (1%er) household net worth.
The Fed’s latest Flow of Funds report released at noon today showed the latest snapshot of the US “household” sector as of June 30 2021, which confirmed that one year after the biggest drop in household net worth on record when $8 trillion was wiped out in Q1, 2020, in the 2nd quarter of 2021 the net worth of US households soared by another $5.85 trillion, or 4.3%, rising to a new all time high of $141.7 trillion.
As has traditionally been the case, real estate ($34.9 trillion) and directly and indirectly held corporate equities ($47.0 trillion) were the largest components of household net worth. Meanwhile, household debt (seasonally adjusted) was $17.3 trillion. β¦ read more via hyperlink above β¦
β¦ Second β¦ Australia β¦
Property boom drives record increase in household wealth … Leith van Onselen … MacroBusiness Australia
https://www.macrobusiness.com.au/2021/09/property-boom-drives-record-increase-in-household-wealth/
β¦ extracts β¦
β¦ Yesterday, the ABS has released its Finance and Wealth statistics for the June quarter, which revealed a record increase in household wealth on the back of the property boom: β¦
β¦ My view is that having so much wealth locked up in housing is useless. We all need somewhere to live and higher home values serve little purpose to the vast majority of owner-occupiers, who typically must sell and buy into the same market.
Expensive housing also punishes those who have recently entered, or are yet to enter, the housing market. These people are required to either take-out mega-mortgages and have a life of debt slavery, or miss-out altogether.
.
.
β¦ and third β¦ learning from the Chinese Communist Party β¦
Interestingly β¦ itβs the Chinese Communist Party that seems to understand better than (sadly) too many economists in the West, that housing inflation IS NOT wealth creation β¦
Chinaβs βVolcker momentβ 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
ββ¦ 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. β¦β