Macro Afternoon

See the latest Australian dollar analysis here:

Macro Morning

Asian equities are mixed yet again following last night’s slew of central bank meetings, with Japanese stocks returning with a bang while Chinese bourses are struggling to put aside the recent dead cat bounce as the Evergrande situation is far from over. The USD remains relatively firm against most of the risk currencies although gold is actually gaining after its flump overnight, currently at the $1755USD per ounce level, with Bitcoin pausing its classic swing trade, stalled at the $44K level:

The Shanghai Composite is sliding going into the close, currently down 0.4% to 3629 points with the Hang Seng Index is largely unchanged at 24524 points, while Japanese markets reopened with a massive surge in stocks as the Nikkei 225 closes 2.2% higher 30268 points. This is largely due to a surging USDJPY pair with the daily chart showing a clear breakout out of a two month long funk above the 110 handle:

Australian stocks were the odd one out, with the ASX200 finishing 0.4% lower at 7342 points, failing to get back above previous medium term support as the Australian dollar was also unable to advance, hovering just below the 73 handle:

Eurostoxx and S&P futures are flat going into the London open, with the four hourly chart of the S&P500 showing price hovering at last Friday’s closing level before this dip started and made for a lot of excitment throughout the trading week. The question is can it hold on here and make a break for the 4500 point level:

The economic calendar closes the week out with the German IFO survey, then a slew of Federal Reserve member speeches.

Have a good weekend, if in lockdown, chin up. If in sunny QLD, remember your sunscreen (and mask), first summer has already started!

If still protesting, bend over, pick up your dummy, grow up and get back to adulting like the rest of us.

Latest posts by Chris Becker (see all)

Comments

  1. boomengineeringMEMBER

    Will wait and ride the RE prices down as any move will incur less savings needed to top up for move.
    All clear funds for my new Sunova Dynamo tweeked board to add to the quiver. Knee hurts from this morn legrope pull on bigger than expected waves.10mm chord needs to change to smaller diameter. Could be worse, nephew Bert Burger had 6 accidents this year, 110klms/hr off motor bike on Thialand
    beach.

        • The Travelling Phantom 👻

          Hope the knees will be healed up by morning for the ride 🙂
          When do you see the RE coming down? The prices are way too inflated

          • boomengineeringMEMBER

            JohnR,
            His email
            That’s super cool your still out in big surf..
            I had a cnt of a year..
            5 or 6 accidents..
            1…had a fall, broke my tail bone and cracked my pelvis last year, July, , finally got in the water by December, 3 surfs..
            2… Jan, had a motorbike accident, broke a rib, lost some skin on my face..
            3… March , another small bike accident, almost lost the top of my big toe..
            4.. April, crashed my friends high powered off road bike at 110km on the beach…. 4 broken ribs, cracked sternum, broken toe and a serious amount of skin lost.. I should have died or been permanently injured… cant believe i survived , when I replay the accident in my mind..
            5.. almost better and crashed my bike again about 2 months ago,1 broken rib and some skin, broke exactly the same rib as the former accident..

            Regards BERT

            TTP, Thought RE prices were to fall 20 yrs ago so a bit hesitant to predict, but this time has more foundation.

          • The Travelling Phantom 👻

            @boom is he a cat with 9 lives?😄
            I agree with you regarding the RE prices prediction is to hard, I do hope to see them coming down by end of year

          • The Traveling Wilbur 🙉🙈🙊

            RE price predictions are easy. They even wrote a song about it.

            The only way is up…

  2. Thanks for the wrap as always however that last line is just not called for and a bit of a contradiction.
    You never know when the day might come that you will need others to protest for you.

    • There’s a difference between protesting and being man-children/princesses/whatever the PC term is for a girly-man/pearl clutching Karen.
      For the record I’m not for mandated vaccinations by government (its the same as conscription into the military), because if its gotten to that stage, it means the general public are not worthy of saving, because they obviously don’t care enough for their fellow citizens to take responsibility themselves and get vaccinated.

      • I know mate, I get it. It’s hard to control the few bad apples that have hijacked the message and taken advantage of the situation.
        Just trying to make sure people don’t throw out the baby with the bath water. We are in a situation where people have become very tribal and only see black and white and it’s stopping real conversations and debates from taking place.

  3. With all these protests and anti vax people one thing among many is becoming clear:
    There is something seriously wrong with the education system.
    These people just have no critical or logical thinking ability at all.
    Yet presumably some of them have jobs, can carry out tasks, are able to download apps, have a drivers license etc.Some of them probably have highly technical jobs.
    This is what happens when liberal education is replaced by vocational training imo. You get people who during their most formative years were being trained, their brains were decommissioned then they get to 35 or something and suddenly there are all of these social problems they just can’t make sense of.

    • The Travelling Phantom 👻

      I think the day corporal punishment stopped at schools, education went down hill.
      Teachers were installing education, respect and fear..now meh nothing just focusing on gender and sexuality and climate and nuclear…and forget basics

      • desmodromicMEMBER

        You clearly didn’t have to deal with the violent cnts that chose teaching as a profession in the 1960/70s.

        • I had a teacher at Nambour Primary school around 1970 who had a long rubber whip he’d made by cutting up a car tyre. He used to make a big joke about beating us with it. It was all very jokey as he thrashed us…kids of 7 or 8…with that fcking thing that he called “rastus”. It’d leave raw welts two inches wide on our little bums and legs. We were all petrified with fear every second we were in that classroom. More than half a century later I can recall the fear and pain and humiliation like it was yesterday. I would dearly like to kill that deranged sociopath.

      • Teachers were installing education, respect and fear..now meh nothing just focusing on gender and sexuality and climate and nuclear…and forget basics

        “Everything I know about education I learned from talkback radio.”

      • You would have appreciated the culture at Milton Primary school in Brisbane in the late 1950’s early 60’s.
        The principal’s name was Harry Cutler. On the wall behind his desk was a long display cabinet where he kept his eclectic collection of bamboo and lawyer canes.
        As a year 3 (8yo) I was regularly (weekly) sent to his office for untidy copy book writting, for which I received 6 cuts across the fingers of my writting hand.
        Then there was the senior 8th grade teacher Mr. Rosthead, who would grab students by their shirt fronts and hold them out the second story window above the ashphelt parade ground and threaten to drop them.
        In grade 7 I was taught by Mr. William Fennel who thought he was the famous comedian Willy Fennel , then on the radio.
        One day a students dog had followed his young owner to school and came into our class room. Fennel collected the dog a mighty kick and sent it yipping and howling. It’s owner remomonstrated with the teacher, “don’t you hurt my dog !”
        “Come out the front Kelso” said Fennel. Stand up straight !” and then he punched Kelso hard in the chest. He landed on the 3rd . row of desks.
        In year 5 (10yo) the teacher , Mr. Fitzgerald threw a wooden backed blackboard duster at a student to gain his attention. The student put up his arm to protect his face. result a broken arm.
        In gade 8 I was taught by Miss McCabe, Stan McCabe’s sister. She lost patience with us on one occaission and stood all 43 students up on their long benches and starting at the back of the room delivered 6 cuts of her cane to the back of legs of every student, boys and girls. She was huffing and puffing at the end and she had broken 3 canes.
        I saw stand up fist fights between 13 year olds and adult teachers.
        The day I completed year 8 and left was one of the best days of my life.

        • boomengineeringMEMBER

          Wow, I believed physical punishment had a place for good upbringing but that was over the top and counter productive.

          • Psychology is a science and its a damn shame the free market sorts got a funding finger in it like everything else or are you arguing that C-Corps does not spend squillions on the best to run tests and advise marketing targeted at kids as young as 3 to 5 up to upper age brackets ….

            Then you fkwits start ascribing human traits to inanimate objects and don’t know why …. sexy, masculine, et al …

      • There is definitely a huge difference between people who learned how to think pre social media and those who never learned how to think because of social media.

        • Neoliberal privatized or influenced education was about IP’ing the process for profit and not education, bosses don’t like people smarter then them thingy …

      • The Travelling Phantom 👻

        It all started with autism and immunisation
        Here in melbs lowest areas in immunisation are Toorak and Brunswick (far left and far right meeting point?)

      • It’s a lack of a proper education. No doubt some might have a strong technical education in some field and be good at their job and on a high income but they have zero ability to think clearly about social questions where there are trade-offs in goals, fallacy of composition problems etc. so they just retreat into their own stupidity and “rights” like the guy who claims he has a right to speed to a place and avoid traffic so changes multiple lanes a few times causing gridlock for everyone including for the guy behind him who has the same ideas who could easily have been the gridlock creator himself had he left 10 min later.

    • Yes. A tiny minority of people are being dickheads. Clearly it’s because everyone isn’t educated as well. 🙄

  4. Common sense!

    From the SMH

    Treasurer says NSW should ‘open up to everyone’, not just vaccinated
    By Daniella White

    NSW Treasurer Dominic Perrottet says the unvaccinated should enjoy the same freedoms as the rest of society once everyone has had the chance to be inoculated.

    He said he didn’t want to see a “two-tiered society” and restrictions on the unvaccinated shouldn’t be in place indefinitely.

    “We’ll shortly announce what occurs at 80 per cent [full vaccination coverage for people aged 16 and over] but ultimately my view is … once every single person in this state has had the opportunity to be vaccinated with two doses we should open up to everyone,” he said on 2GB

    “I want to see more unity. The vaccination rate in NSW has been the key to unlocking freedom.

    “It’s not the government’s role to provide freedom. People born in this country by default are free.”

    • The Traveling Wilbur 🙉🙈🙊

      Hear, hear.

      Though I think he and I have different definitions of “once” and “everyone”.

    • boomengineeringMEMBER

      Just as I was about to take your advice to look at soft boards sold around the corner Bert emails after many months of silence, see above.

    • Science has no ideological hangovers and vaccination is just one aspect of a multidisciplinary approach to a once in a century event that has a rather ridiculous amount of historical content.

      Your drama is you do not have the ability to process that information.

      • What’s “vaccine passport” mean though ?

        There’s a vast gulf of difference between a universal and legally enforced requirement to be vaccinated (with fines/gaol for non compliance), and private organisations requiring it of some (or even all) workers and/or customers. The former is a can of worms, but the latter was applicable even before COVID.

        The big problem the anti-vaxxers and “freeeeedommmm” people have is the same argument they make as to why they shouldn’t have to be vaccinated applies equally to the businesses who won’t employ or serve them if they aren’t vaccinated.

        • People are over thinking this

          This is a health and safety issue – for employees and customers

          “If you’re wearing thongs and singlet you can’t come into this pub”.

          • The point is private enterprise is entitled to have right of entry / right to serve (thongs and singlet = no pub entry for example, or no collared shirt = no golf ) and this is another one of those = no jab and over 16 = no entry. For those exercised about that prospect, you can take your business elsewhere to businesses who don’t exercise their right of service.

            Beyond this though, it’s a workplace health and safety issue – suspect employers will have an obligation to protect employees.

            It’s going to be interesting to watch it play out and I suspect may get ugly

          • The Traveling Wilbur 🙉🙈🙊

            DRS has a point Swampy.

            Well, once you remember there is absolutely no chance of him overthinking *anything*. 😉

            PS Get any sleep?

          • The point is private enterprise is entitled to have right of entry / right to serve (thongs and singlet = no pub entry for example, or no collared shirt = no golf ) and this is another one of those = no jab and over 16 = no entry.

            My point is these are not a like for like comparison. There’s no negative consequence to putting on a collared shirt, the same is not true of a medical procedure, even one of relatively insignificant average risk.

            I’m obviously not going to go down the ridiculous apartheid comparison route, but there *is* a qualitative difference here.

            I suspect the biggest problem is going to come when someone claims they’re not getting vaccinated for religious reasons. That’s the when anti-discrimination laws will kick in.

        • I think once we all have had a chance to be vaccinated it shouldn’t matter if some choose not to and the consequences of their actions for not being vaccinated are entirely theirs to own.

          I’m sure many will regret the decision not to when lying in a hospital bed and that’s fine by me. We are all adults and can make our own choices.

          I support asking tradies to get the jab whilst we are all still stuck in a lockdown situation and evidence suggests it has been moving around these sites. If you want an exemption to keep working as normal while we are all stuck at home unvaccinated (or partially vaccinated) then they need to do their part.

          I also think ScoMo is a coward. Becuse he’s pushed it onto business to enforce and not said taken on the responsibility to ask the population to get it done. He’s shirked responsibilty once again.

          The Government should be running information campaigns to dispell vaccine / conspiracy myths. I know people who are listening to this conspiracy garbage and that’s the real cause of the problems IMHO.

          • All good points.

            But if businesses don’t want anything to do with the unvaxxed, should Government step in to force them ?

          • Well I guess it depends on the type of business. If you’re running aged care obviously different risk profiles.

            If you have outdoor dining maybe it’s fine? But I don’t see many business enforcing it to be honest.

          • It could become a health and safety issue (work cover)

            Obligation to ensure the safety of your employees

            And customers

          • What if you were running a “virus experience” business?

            Millennials are big into experience tourism due to no chance of houses etc.

          • It could become a health and safety issue (work cover)

            Obligation to ensure the safety of your employees

            And customers

            I think as you move past very clear high-risk/consequence situations (eg: as Gavin highlights above, aged care), because the vaccinated can still be infected and infectious, this will (or should, I’d argue) become an increasingly difficult row to hoe.

          • Agree with your post above smithy. It’s going to be get messy and maybe ugly.

            It’ll be interesting to watch consumer response apropos attendance at places like pubs, cafes, cinemas, given this isn’t a common cold or flu and in the absence of other treatments / updated vaccines

        • All this talk of a vaccine passport and the elite still can’t tell us the risk of catching the virus from an unvaccinated person VS a vaccinated person.

          The whole scientific basis of the vaccine passport relies on there being a significant difference that is crucial in achieving some goal. The elite tell us neither the difference or the goal. I don’t say it often, but WTF!

          • Even StevenMEMBER

            Agree there’s less clarity that there should be, but two issues why unvaccinated a problem (in my mind):
            1. Unvaccinated have a higher viral load, for longer. Pass on more easily to others (how much? Don’t know).
            2. Unvaccinated are more likely to require hospitalisation. They place a burden on health system and where system is at capacity, result in denial of health services to others.

    • 20 Things I’ve Learned (Or Had Confirmed) About Humanity During The ‘Pandemic’

      1/ Most people would rather be in the majority, than be right

      2/ At least 20% of the population has strong authoritarian tendencies, which will emerge under the right conditions.

      3/ Fear of death is only rivalled by the fear of social disapproval. The latter could be stronger.

      4/ Propaganda is just as effective in the modern day as it was 100 years ago. Access to limitless information has not made the average person any wiser.

      5/ Anything and everything can and will be politicised by the media, government, and those who trust them.

      6/ Many politicians and large corporations will gladly sacrifice human lives if it is conducive to their political and financial aspirations.

      7/ Most people believe the government acts in the best interests of the people. Even many who are vocal critics of the government.

      8/ Once they have made up their mind, most people would rather to commit to being wrong, than admit they were wrong.

      9/ Humans can be trained and conditioned quickly and relatively easily to significantly alter their behaviours – for better or worse.

      10/ When sufficiently frightened, most people will not only accept authoritarianism, but demand it.

      11/ People who are dismissed as ‘conspiracy theorists’ are often well researched and simply ahead of the mainstream narrative.

      12/ Most people value safety and security more than freedom and liberty, even if said ‘safety’ is merely an illusion.

      13/ Hedonic adaptation occurs in both directions, and once inertia sets in, it is difficult to get people back to ‘normal’.

      14/ A significant % of people thoroughly enjoy being subjugated.

      15/ ‘The Science’ has evolved into a secular pseudo-religion for millions of people in the West. This religion has little to do with science itself.

      16/ Most people care more about looking like they are doing the right thing, rather than actually doing the right thing.

      17/ Politics, the media, science, and the healthcare industries are all corrupt, to varying degrees. Scientists and doctors can be bought as easily as politicians.

      18/ If you make people comfortable enough, they will not revolt. You can keep millions docile as you strip their rights, by giving them money, food, and entertainment.

      19/ Modern people are overly complacent and lack vigilance when it comes to defending their own freedoms from government overreach.

      20/ It’s easier to fool a person than to convince them that they have been fooled.

      21/ Most people are fairly compassionate and have good intentions (this is good)

      As a result, most people deeply struggle to understand that some people, including our ‘leaders’, CAN have malicious or perverse intentions (this is bad).

      Source:
      https://twitter.com/ZubyMusic/status/1412012537986568193

        • Yes – these to suit a particular point of view

          I found the categorisation of science interesting

          Here’s another, too, on conspiracy theories and those who are attracted to them – facts don’t send these people down these holes and facts won’t bring them out (hat rip will Anderson )

          And another – many people seem incapable of critical thinking at all – the inability to see the risk in hospital system overloading is puzzling at least to me

      • 22/ boomers are most at risk, but also most likely to believe the virus is fake or that we should let it rip. This has been interesting to observe to say the least.

      • The Traveling Wilbur 🙉🙈🙊

        Thing I learned during the pandemic: not to take science advice from anyone who can’t count to 20 properly. 😘

  5. The Traveling Wilbur 🙉🙈🙊

    JJJ are doing Dad jokes now???!

    What starts with an ‘e’ and ends with an ‘e’ but only has one letter in it?

  6. Isn’t it amazing to see the sun emerge from behind the lone little cloud who assumed it was the entire sky?

    That’s how I feel when I hear Dominic Perrottet* describe the obvious truth about Australians and freedom from enforced vaccinations, whether government mandated or enforced by private industry proxy. The Treasurer of NSW has just sided with the brave protesters in Melbourne and other places who stood up against the ridiculous notion of medical apartheid. The shouty vaccine mandaters who assumed they are the moral majority might even be forced to realise they are but a few over represented gronks with MSM backing.

    If you’re vaccinated and you harbour animosity or fear towards the unvaccinated then you obviously have zero faith in the vaccine. To then attempt to enforce others to get the same vaccine is beyond bizarre.

    It’s been an abject lesson in the weirdos hiding amongst the Australian population having watched the vaccine Nazis reveal themselves and their fascist ways. Unpleasant people they are.

    *He usually makes my skin crawl. After this I’d happily have him as premier despite it meaning he’d probably try and privatise everything down to the air we breathe and the waves breaking against the shore.

    • chuckmuscleMEMBER

      Probably one of the most sensible comments I have read on this blog about the virus and the reaction to it, in the last 18 months(TM). Managed to learn a lot about some of my family members and I no longer have any doubts how a Nazi Germany style rule could happen, we need our institutions to be strong in this moment. Instead they peddle “good lies” constantly and wonder why no one trusts them, hence the protests (silly comments like from CB today show him to be a massive a$$hat). This is another disturbing aspect.
      Have found DP to be quite annoying for many years, but he nailed it.

    • The Travelling Phantom 👻

      Exactly, the government job is to provide enough vaccine for everyone but it’s the job for individuals to get it or not..

    • You are ignoring the hospitalisation part of the equation which is actually the politics in play. Overflowing hospitals are an almost certain election loser. If an unvaccinated person more likely to end up in hospital then it ultimately means more chance of future lockdowns to avoid hospitals overflowing. It becomes a battle of vaccinations vs lockdowns.

      Having said that, I do feel the government has overreached forcing younger people that are less at risk of hospitalisation to get vaccinated. They could have handled it differently. Maybe only forcing over 50s, or increasing medicare levy on unvaccinated people to fund increased hospital care, etc.

      • Are you proposing anything at all?

        You are confusing Type 1 and Type 2 Diabetes. Type 1 could be caused by a virus or other unknown causes and is incurable.

      • Jumping jack flash

        This!
        Protect the vulnerable.
        Then get on with it.

        Maybe they could start properly funding the public hospitals as well? Now theres a thought.

    • What do you intend if opening up doesn’t work and you have to go back into lockdown ?…….this is still wishful thinking…. until we are ready for anything that might transpire the precautionary principle should still apply ………. we are having trouble handling an infection pool of paltry size by world standards and people think we have a handle on this ? This person you are lauding is lying about the situation…….witness the disappearing of the HITH figures yesterday. Not even mentioning the children who don’t get a choice about the lost life years they are going to lose.

      https://www.wsws.org/en/articles/2021/09/22/chil-s22.html

    • Some hyperventilators on reddit the other day were calling those bogans who started some bifo at the CFMEU “neo fascists”.

      No offence to those blokes but all I saw were a bunch of room temp IQ laborer’s demanding no extra help when it comes to their own personal battle with Covid 19. Their call. But they arn’t organized or sophisticated enough to be “neo fascists”. Obviously I got voted into oblivion for pointing that out. I think it may have been union stooges distancing the union from those members with some nazi smears. That’s how things work these days.

      The problem is a group of scared, lazy, fat, weaklings who haven’t lifted a finger in decades and have gotten very, very rich just by owning a suburban house latched on to the idea that heard immunity meant they wouldnt be catching covid at all. Ever. They’re having trouble coming to terms with the fact that they will, absolutely, be catching Covid 19 in the near future.

    • If you’re vaccinated and you harbour animosity or fear towards the unvaccinated then you obviously have zero faith in the vaccine

      Kinda like if you don’t drink and drive but think other people who do are dangerous, you have zero faith in the law ?

      • Reus's large MEMBER

        You lot of bed wetters come up with the most stupid analogy’s I have ever seen, that is so far off the mark it just proves your IQ is below 100

        • It seems to me his/her post proves / disproves nothing of the sort – disagreeing with someone’s point doesn’t mean the other person is stupid

          It’s interesting the need for some to reach for pejorative labels in response – bedwetters etc

    • The only reason for me to harbour animosity is, there would be people that are getting shafted of a hospital spot right now because these deniers catch covid and need to take up a bed in the hospital. Plenty of “elective” surgery which, is a stup1d calssification for even life threatening stuff but just not “dead by COB today”, is being postponed to keep beds empty for covid patients.
      I reckon would be no ill thoughts against them if they signed something to say, “wont take vaccine, but if i get complications of covid, I accept I’ll be in the back of the line for a hospital bed. Hot water bottle and panadol for me, promise”.
      If they come in with anything else (like cancer), sure, same priority… guess they believe in cancer?? I guess, I just want to know from them, there are no takesies backsies later when they are stuggling to breathe, then sure do what you want!
      We need to move away from the concept of “what I do shouldnt be your business”, when the consequences of those actions do become a society’s problem.

    • Mining BoganMEMBER

      I think i told you my Max Gawn story.

      2016 me and my fellow bogans were at a GF function when lo and behold we find the big fella at our table. He’s a genuinely nice bloke. All the expected questions and answers until someone asked if he gets special treatment at the big dance.

      He says nope, not going. Not going until he plays in one.

      He’s a different cat and I like that. And the reason I hope the dees get up.

      • You didn’t and that’s unreal!

        He’s a smart cat, well advised obviously – olive at Loch, east end etc

  7. https://brownstone.org/articles/lockdowns-fail-they-do-not-control-the-virus/

    “The pro-lockdown evidence is shockingly thin, and based largely on comparing real-world outcomes against dire computer-generated forecasts derived from empirically untested models, and then merely positing that stringencies and “nonpharmaceutical interventions” account for the difference between the fictionalized vs. the real outcome.”

    So the evidence in support of lockdowns largely consists of the observation that countries which locked down didn’t do nearly as badly as the farcical modelling suggested would be the case. The difference between these forecasts and what happened was interpreted as evidence that lockdowns work – not that the models were always wildly pessimistic.

    This is despite the fact that these modellers (and especially Imperial College) have form for wildly pessimistic forecasts eg swine flu, avian flu.
    https://www.google.com.au/amp/s/amp.theguardian.com/world/2009/may/12/swine-flu-report-pandemic-predicted
    https://www.statnews.com/2019/02/13/bird-flu-mutations-outlook/

    Not a bad business really. Come up with frightening projections. Suggest a list of measures to mitigate the outbreak. Then when numbers fall way short, you are a genius that saved millions of lives.

    Here’s the thing however. Countries that didn’t have lockdowns didn’t follow the predictions either.

  8. China just banned crypto. Just a matter of time before every other country forced to do the same.

    You can have sovereign fiat. You can even have metals. But the line must be drawn at fairies at the bottom of the garden promising to make everyone rich

    RIP Crypto – the Greatest scam of the 21st century (so far).

  9. Looks like lights might start going out in China.

    CHINA ENERGY CRUNCH: The electricity shortages in China are worsening, and widening geographically. It’s getting so bad Beijing is now asking some food processors (like soybean crushing plants) to shut down

    I wonder if this had anything to do with recent ban on crypto mining.

  10. Are we dead yet?

    Woah… look at that AUDUSD 🙂 Up… Down… Up… Down lol.

    I need to get my surfboard out ;p Never surfed a falling cliff before.

    • boomengineeringMEMBER

      I have, No problem if you can hold your breath a long time. Although did break ribs on one occasion.
      Stockmarket surfing could be just as exhilarating if it’s borrowed money.

  11. Hugh PavletichMEMBER

    China housing: When confidence evaporates … it’s bye bye bubble pricing …

    Evergrande misses payment deadline, EV unit warns of cash crunch VIDEO … Anshuman Daga and Andrew Galbraith, Tom Westbrook … Reuters

    https://www.reuters.com/world/china/china-evergrande-bondholders-limbo-over-debt-resolution-2021-09-24/

    China’s Land is No Longer Gold, government Land Selling encounter Chill/Is Housing Crash Coming? … VIDEO … China Insights

    https://www.youtube.com/watch?v=iR8oqwrZPMU

    ‘Eerie silence’ as Evergrande misses payment deadline … Vincent Ni and Julia Kollewe … The Guardian

    https://www.theguardian.com/world/2021/sep/24/eerie-silence-as-evergrande-misses-payment-deadline

    “The Housing Market Is Almost Frozen” – An Even Bigger Problem Emerges For China … Zerohedge

    https://www.zerohedge.com/economics/housing-market-almost-frozen-even-bigger-problem-emerges-china

  12. Hugh PavletichMEMBER

    New Zealand …

    Sir John Key: We need to break free of the hermit kingdom and stop ruling by fear on Covid-19 … John Key OPINION … Stuff NZ

    https://www.stuff.co.nz/national/politics/opinion/300414808/sir-john-key-we-need-to-break-free-of-the-hermit-kingdom-and-stop-ruling-by-fear-on-covid19

    Paulson (Pavletich) comment on article thread …

    Isn’t it remarkable how brave, clear and decisive politicians are when they are out of office !

    This is the John Key of former times … pre late 2008 when he was then in Opposition. Remember him on housing then and how he reversed his way out of it following becoming Prime Minister.

    His Opinion here on Covid is most welcome.