See the latest Australian dollar analysis here:
Asian stock markets are all retracing in unison in the last session for the trading week due to the very mixed results on Wall Street and European shares overnight. The USD is regaining strenght against risk currencies although Euro is still under pressure coming into the London session, while the Australian dollar remains well above the 71 cent level. Meanwhile gold remains unchanged, still flat for the week as it unable to push through the $1790USD per ounce level as Bitcoin continues to deflate, now retracing below the $49K level as price heads back to the start of week gap down level:

Mainland Chinese shares are putting in a soft session with the Shanghai Composite down more than 0.3% to 3663 points while the Hang Seng Index is taking back its previous gains to fall 0.7% to be just above the 24000 point level. Japanese markets continue their pullback with the Nikkei 225 closing 0.6% lower at 28540 points with the USDJPY pair still flatlining at the mid 113 level with no new session lows, but also remaining below trailing short term resistance:

Australian stocks followed the Japanese lead, with the ASX200 retracing just under 0.3% to be back below the 7400 point level as the Australian dollar continues its overnight pause at just below the mid 71 level, which puts it right back on last week’s intrasession high overnight, thus not putting a new weekly high as expected:

Eurostoxx futures and S&P futures continue to stall out here going into the London open, with the S&P500 four hourly chart showing price rejecting key 4700 point resistance overhead that still needs to be cleared to call this Omicron led dip over:

The economic calendar finishes the week with German and US inflation reports.
- Macro Afternoon - May 23, 2022
- Macro Morning - May 23, 2022
- Macro Afternoon - May 20, 2022
The Poms are going to win this.
Or not…
Geez, that was a depressing drink.
https://mobile.twitter.com/FrannyArmstrong/status/1468900504453496835
This makes me sick! Cow doesn’t even realise how good she’s got it for her class of people, ie, people who have to work jobs! Success here is lost. Her next job should be cleaning public toilets.
https://www.news.com.au/finance/work/careers/why-sydney-woman-cant-leave-her-soul-destroying-260000-job/news-story/407c0e8f1648849ae7c2cbbd810dbae4
A J O B is just something that gets in the way of actually succeeding in life.
Edit: real estate agent and property developer roles are a calling. Not a job.
If she had 10 IPs she wouldn’t even need to work.
$2.3m for a 3 BR house? And the budget can’t cope with a $40k loss in income (which is only $20k after tax). That is living with no margin for error.
Maybe she should just sell the house (at a profit no doubt) and move to some region where she can save the world without hating it.
I was on $250k per year in Sydney before I quit my job. I could have bought a $2M house with that income but instead decided to be less successful and buy a house with a mortgage of under $200k. My main motivation was to be free to do work / jobs I wanted to do, not ones I had to do. I know this makes me a “Looser”.
@ Gav … Hay why would you believe anything a YT’ber like Dr John Campbell had to say, especially during a pandemic, especially when they are a Nurse with a PhD/E that likes to trot/milk the Doctor [Milgrams white coat] to lend authority to his personal opinions when he is not a medical doctor nor any sort of Scientist working in any discipline related to Covid19, not that he has any income incentives related to followers and eyeballs on YT … so Jordan Peterson mate …. on the latter I hear he considers himself a prophet of the good word these days … lmmao …
Hope you read the link on crypto … intelligenthttps://mattstoller.substack.com/p/cryptocurrencies-a-necessary-scam
With that in light don’t find it interesting the Kock’s posse is up in arms about all this anti free market anti trust stuff ….
What’s that?
Gav linked to John Campbell in morning links, crypto is a social movement based on an imaginary reality its trying to fix or dupe marks for a payday, and Kocks will Kock …
I presume you are upset at John Campbell mentioning the possibility of Omicron not being that serious. He has been quite clear in saying Omicron could still be very serious and too early to say for certain based on anecdotes.
I have no emotional attachment to the said person, one way or another, but just pointing out the particulars of this said person and why that should trigger trip wires for those that wobble on about due diligence and being a sucker … because if your one of the latter you deserve the consequences … sadly if you multiply that factor by a big enough pop% you get all kinds of interesting door prizes on your way to a dysfunctional society and all its gifts …
It would be naive to believe that any information source was not influenced by vested interests. The popularity of John Campbell or that Medcram guy comes from calling it as they see it, rather than being the usual YT melodramatic provocateur.
Are you seriously arguing popularity is a factor in what constitutes a fact …. regardless of his lack of acumen on a very dynamic scientific matter and whatever profit motives or bias influenced psychological dramas he has is moot – ????
I didn’t imply that at all. They are both unemotional and objective in their presentations of FACTS.
Last year you joined the coordinated character assassination of Chris Martenson who correctly called the virus as being a lot more serious than #justtheflu. How about you quit with the ad hominem and address the facts and arguments that these people present.
I never forwarded that it was just the flu fknuckle just the opposite, strangely or not you have not refuted my facts about Campbell ….
Yeah you did. You also wanted the borders to remain open. So much for not having an emotional attachment.
Show me where I made such a position …
Did you not grok my Jordan Peterson reference?
See comment above. Jordan Peterson falls into the professional provocateur category.
No he falls in to advanced false prophet mental dramas which unveil the entire perspective he promotes and all that comes with it … do I need to link a Monty Python movie link to elaborate for your dim withered mind …
More personal attacks from the person with no emotional attachment.
Disagreement is a personal attack for soft cuvts like you
oh please. Reread your posts. You have the mental toughness of a toddler.
you consider that unqualified response a ass whopping yet can’t refute what put under your nose … lmmaso … moron …
Lol @ “ass whopping”
You can take the Yank out of America,
Most doctors aren’t Dr either. Silly argument.
white coat of authority is loss on you is it
Well this has gotten strangely out of hand, Dr Campbell is just a guy with an opinion, a perhaps more educated opinion than many. He’s stressed that Omnicron could still be serious and wanted borders to be shut to stop the spread until we knew more, but early data he’s observed suggests it may be less severe than Delta. But it’s early data and nobody knows for sure. I watch him like I watch any YT personality, such as Russell Brand, because I value their opinion and perspective is all. Doesn’t mean I subscribe to what they say as being the definitive last call on a topic.
I quite like the fact that Crypto rubs you the wrong way, maybe I’ll go buy some more. haha.
Oh M G [spammy avoidance]
LIVE: ABC News is warning of CHRISTMAS BEER SHORTAGE.
The right sort of people don’t drink beer, they sip wine. So not an issue. Maybe that class can find some meth as a subby.
Good Jap Whisky old sod living on the pasts deeds of your dead … lmmao …
Recommendation?
Fair point.
And those wouldn’t know what Yebisu Premium was from their elbow anyway.
https://www.thespruceeats.com/negra-modelo-review-352927
+1 for Negra Modelo.
Weird thing about the Carribean: there’s ads for Guinness everywhere. That does not seem like the kind of beer I’d want to drink in the tropics.
Why was I confronted with all those 80s Fosters is OZ beer in Calif – ?????
You just don’t have the pallet for it.
Yea there’s shortage of pallets these days
Uneducated …
AdBlue / urea
I started panic buying today
How many urinal cakes does one family need?
One for every kid, dog 🐕 and cat 🐈 too
If only we had someone in government who was responsible for looking after straya’s energy needs.
https://www.dailymail.co.uk/news/article-10294353/Energy-Minister-Angus-Taylor-says-Australia-five-weeks-supply-urea-left-diesel-engines.html
5 weeks of normal use doesn’t last long when there is panic buying and hording.
This government is beyond stupid.
This can’t be made with normal urea……to meet DIN standards it needs low biuret urea , which is a slower and more expensive process and very pure condensate. The production itself is not complex but the purity needs to be very high in the whole chain, the slightest bit of oil or diesel contamination wrecks the whole batch, not to speak of silica et. al. in the condensate.
Someone needs to plan supply for the whole world but…………because markets !
That didn’t take Dan long.
Following the lead of the federal government in extending their state of emergency,
https://mobile.twitter.com/political_alert/status/1469180906749538304
Only difference is the wording.
Funny to imagine some people having to time travel back and live through the great depression, WWI&WWII, only to pop out the other side in the late 50s/60s only to have neoliberalism become dominate in the mid 70s and think it was utopia and now have their freedoms and liberties [?????] stolen[tm] by a dumb virus and equally dumb market based approach to handle it because of decades of white anting the state so EMH could do its thangy … you know debenture everyone not in the elite club and create a two tier society of winnars and slaves …
The CHO of Northern Ireland let the cat out of the bag……….they are all going to go after Christmas………enjoy the break while you can
https://www.bbc.com/news/uk-northern-ireland-59600996
What is puzzling to me about Omicron with all these reports of less severe symptoms and disease is how the hell is it spreading so quickly……..with less coughing etc. it shouldn’t be spreading like it is……must be a really high viral load.
“must be a really high viral load” like duh and no one is dealing with the aerosol transmission because that would cost more money, you know like fixing lead in public water and then wonder why kids are dumber … more violent …
You think it’s lead in water causing all the social problems? Interesting theory
Did not say – all – but you are aware of the effect taking lead out of petrol did to crime rates back in the day, which IMO the conservatives attributed to harsher criminal laws … don’t you just love a mob that extenuates all its failures on others e.g. commies, socialists, anti free markets, yet will burnish itself with every unearned accolade it can scrounge to buff itself in Bernays glow …
Think I read from one of your links that it’s substantially higher , x1000? And multiplies faster in the body so establishes quicker before immune system can respond
Currant estimates are 4x/5x more virulent which means the dramas are reinfection, escape infection of the vaccinated, load on the system [not only health], and a wary eye to the next mutation that will tip over all the plans of mice and men. The one ponders the long term effects of single or multiple infections and long covid.
Long Covid? Unless the research has progressed there isn’t an agreed clinical definition of what it is. It’s a nickname.
Before the immune system can respond?
I’m sure the immune system does just fine as not a single person has died anywhere on the Planet from this overhyped flu.
Categorical fallacy … its not the flu …
Vaccine hesitancy? An outstanding characterisation of why it exists.
https://www.tabletmag.com/sections/news/articles/vaccines-konstantin-kisin
Trust Pfizzler? The recipients of the largest fine for corruption in corporate history? I think not.
This is a huge concern and not just today but something historical in context, something that need to be understood in historical context e.g. classical economics and today are not the same e.g. comparative advantage only works in a static economic environment back in antiquity and does not apply to currant globalist economic dynamics. Then again I pose the question of those that built mistrust in the state to forward some nutter ideological purity contest regardless of its present malfunctions because utopia was always around the corner … and riches beyond imagination for the faithful …
I haven’t read the whole article, but imagine you’re a black person in the US and you’ve read the history of sterilisation of certain minority groups etc.. no wonder some people believe in conspiracy theories, because at this rate a conspiracy is just a spoiler alert to what the future holds.
From December 20, arrivals to the Northern Territory — including returning residents — cannot travel outside of Alice Springs, Katherine or Greater Darwin for two weeks, even if they are fully vaccinated.
phizzer just announced 4th booster
And although I can mingle with patrons and go to bunnings as vx free, next week the qld vx rate will hit its targets and so i’m not allowed to go to a cafe or bunnings.
Just read the whole article, highlights a lot of problems with the media for sure and leadership in general.
That’ll be Labor’s fault.
Would it be possible to put spike proteins in the seat of all public transport and cafes, pubs, etc, so that whenever a person sits down they get some spike proteins into their bum?
This would allow the body to slowly develop an immune response to it, without the danger of shooting 3 months worth of mRNA into the arm all at once.
Why did you choose the bum as the delivery mechanism? Interesting choice!
And approved by Reusa
Accident! … allegedly!
lol, do you like accidents?
First Bunnings, but eventually McDonalds will have drive thru vaccinations, and you can get fries with it if you wish.
By 5 years we will certainly require weekly, perhaps daily vaccinations, and every “infection” will be totally mild to the point of asymptomatic of course, but everyone on earth will be infected so cases will be into the billions.
This is the perfect scenario.
Years ago i was informed that almost everyone carries flu virus in their nasal cavity and it depends on immune system health as to whether it breaks out into full infection or not. Perhaps thats correct, i dont know, but if it is then i assume there’ll be a similar thing with SARS2, or perhaps 3 by then…
The Demons’ draw is a disgrace. No home game v the Pies on QBW or Toiges Anzac Eve? WTAF? Can duck up the Pacific May to see them flog the Suns at Metricon r2 which is good. TTP see you at the G round 1 v Dogs?
The Worlds at Wollongong is epic though. Allez, Alaphillipe!!
https://m.facebook.com/Wollongong2022/videos/236439638613572/?refsrc=deprecated&_rdr
Thanks Mining. If Martin’s in it, would be worth going to see.
I’ve been swearing and cursing since i saw it last night, someone needs to talk with Gillon and give him some stiff words.
See you at the G!
we missed you last Sunday at the G, re watching the grand final..
I’m looking forward to round 3 nothing better than quashing the Bombers
Will they have finished celebrating last years flag by then? Three months on and they’re still doing laps of honour.
You’re a dill, that’s quite clear
nah we will finish when we win the next GF
I think Lyon is cooked, couldn’t take any wickets against India last year either.
Bring on that bloodnut leggie.
Pope? No he’s hopeless. Starc will get dropped first – they’ll want to take Lyon to the subcontinent next year but he has lost any ability to get batsmen out.
Swepson would be a chance or Kuhnemann from Qld.
Swepson will be next but geez Kuhnemann has bowled well this year.
SOK was good in India last time so they will be tempted to take a SLA again. On the other hand, wrist spinners don’t do as well there.
Just looking at the FC numbers, fair enough, but I just like that bloodnut. Swepson ave 33. Kuhnemann has an average of 30 but early days.
https://www.espncricinfo.com/player/lloyd-pope-1076721
https://www.espncricinfo.com/player/mitchell-swepson-590326
https://www.espncricinfo.com/player/matthew-kuhnemann-774219
Anyway, this looks to soon no longer be a problem.
https://www.dailymail.co.uk/tvshowbiz/article-10295175/Nathan-Lyons-fianc-e-Emma-McCarthy-FINALLY-embraced-cricket-WAGs-Ashes.html
They are dropping like flies those sport people.
Exercising must be DANGEROUS!
https://www.news.com.au/sport/american-sports/nfl/demaryius-thomas-dead-nfl-star-found-deceased-in-his-home-at-33/news-story/5e60dd3b1aa69bcd6122c7762ac8ad4a
Awaiting moderation ?
*everything* in moderation! 😁
The high point:
https://www.youtube.com/watch?v=nMVnLsODqqg
The low point:
https://www.youtube.com/watch?v=0UevvfswzGk
Read some of the covid articles and comments from today. Christ.
Why are there so many anti vaxxer commenters in this site?
There has to be something in the character of people drawn to this place which more likely than not makes them impervious to evidence, along the lines:
– debt is bad
– low interest rates are always bad
– MMT ism ism
– inflation is out of control (despite lowest avg inflation rate in inflation targeting countries over the last 25 years since the gold standard)
– Central bankers want inflation
– private banks = Monetary system
– covid is just the flu
– lockdowns don’t work
– vaccines don’t reduce transmission
On and on and on…
Your anti MMT on ideological grounds and yet you spew like Keynes about finger nails …
I am pro evidence.
IS-LM devotion says no … boxed in now ….
Saying IS-LM is wrong makes no sense. All it is doing is plotting the relationship between interest rates and output on demand for financial assets & goods. You can say the slopes are wrong but not that the model is wrong. this point was lost on Kelton.
what is your take?
why all the crankist positions on these topics from the commentariat?
is it just a coincidence that the anti vaxxers also said lockdowns don’t work, inflation statistics are a lie etc. etc. etc.
I just think primitive minds are always open to conspiracy (eg. Stalin, Trump) because the truth is always so much more interesting and complicated than the cartoon conspiracy.
Barter theory with a side of says law you say
They are a very noisy minority Sweep.
Not for long.
Yep.
I just wish they’d go out and catch it and give it to their kids and parents. Man up and walk the walk
You can’t have it both ways, do you want the unvaccinated to get COVID, or do you want them to be locked out from their workplaces, non-essential retail, licensed venues, public transport etc etc? Must be hard to make your mind up when you have so many forms of cruelty to choose from to wish upon those you’re being conditioned to hate.
Low interest rates are bad for savers, only good for asset holders. So the already wealthy.
interest rates are low because ex ante saving is too high.
the rate of interest itself is neither good nor bad.
interest rates are low because ex central bankers pushed 1s and 0s out the door like there was never going to be a tomorrow ever again and the current central bankers are doing much the same
LOL. It’s the binary pair boarding the ark.
they only started pushing 1s and 0s out the door *after* interest rates went to zero.
In 08 when the Fed funds was cut to the effective lower bound the Fed only had around 800b in asset I think.
Again evidence, chronology..
and theory. CB cannot just pin down interest rates with money printing. 8000% interest rates in Weimar Germany weren’t due to a lack of money.
Are you smokin’ crack tonight? Of course interest rates are low because CBs cut their cash rates… As far as I’m concerned that’s the only rate that matters.
But you’re the one talking about the cause being something other than that… i.e. why are they STILL low, right?
You’ve essentially just argued against your own point. Weird.
they cut their cash rates reluctantly to try and hit a lower equilibrium real rate of interest.
We’ve only known for about 120 years that CBs can’t just choose an interest rate.
Yes, they can. Exactly that. Exactly why all the 1s and 0s are impt.
Cut rates to near zero then make money even cheaper by making it more plentiful. The ONLY way rates go up in that environment is if input costs go up. That leaves energy as the only candidate these days.
Sweeper,
I am curious to know whether you can answer the question that Guy Debelle couldn’t. How much (household) debt is too much debt? and if there is no answer to that question then would it be prudent to draw a conservative line in the sand? or to find out the answer to that question by experience?
how much saving (debt) is too much saving? So if you want less saving (debt) tax the savers and reduce their interest.
Taxing the savings of the poor bastard worker who can’t even afford a deposit is ludicrous. How about withdrawing the TFF and taxing the crap out of all the offshore funding that has found its way into Australian house prices?
Yeah I agree it’s way more nuanced then what sweeper is claiming,
sweeper and skippy i think are both boomers with no concept of doing it hard
dude fkhead you have no concept of hard
they can’t afford a deposit because the asset price is too high. the asset price is too high because too much saving is bidding down the interest rate.
I think Savvy has got Skippy and Sweep fully sussed out.
Fken, double their income every 7 years, Boomers!
@sweeper, I am disappointed that Progressives like yourself have such an unempathetic view towards workers’ savings. If there is no way for workers to save then we effectively have the debt peonage that the likes Michael Hudson have been warning us about.
@SUS.
Mission Accomplished.
workers don’t have savings.
^^ yea like poor people dont have cars, …wait i heard that before …you must be joe hocky
@ TTW 🙂
The PV of workers liabilities (lifetime obligations) exceeds their assets. its just accounting. ‘
^^ that’s different from savings, learn to use correct terminology..
no it isn’t. learn how to comprehend national income accounting and the implication of income distribution.
Clearly too much red cordial has been consumed tonight.
@,Sweeper rates are too low, they are effectively negative already if you factor in the true inflation rate right now. They are too low becuse they are destroying the purchasing power of fiat, whilst average workers are seeing meagre wage rises.
Again all this suits the already wealthy and asset rich types, the retirees trying to live off interest with money in the bank is screwed and forced to buy into riskier investments. Which works until it doesn’t.
Basically it’s a form of trickle up economics.
I think what Sweeper is trying to say in an obscure and roundabout fashion is that the wealthy are hoarding (saving) all the money.
The wealthy don’t have cash savings. They have assets which are probably even levered with debt.
Why are there so many anti vaxxer commenters in this site?
Maybe because these latest “vaccines” are complete dogs – dangerous and ineffective.
Let me ask you this Sweeper. How many people would have to die in Australia from these jabs to TURN YOU ANTI-VAXXER?
why deal in silly fantasies which have already been avoided and were never a possibility anyway.
Lets deal in reality.. what made you anti vax?
I am anti specific vax’s eg mRNA Covid jabs.
I don’t like the rushed release, the testing cut short, the dishonest trial methods where adverse reactions were removed from the results – that’s fraud in my book.
I don’t like the censorship of alternate opinions, of Ivermectin, etc
I don’t like the advertising “Safe and Effective”. You give me the figures and I will decide if I think it is safe enough and effective enough for me.
I don’t trust the people pushing it.
I don’t trust the people profitting from it.
The obsession with a virus that kills a small percentage of the population is strange.
I don’t like that the virus was probably man-made by mad scientists and no one seems to care about investigating that, but everyone seems to want to force me to take an untested product of other mad scientists.
I could go on.
What made you so trusting of these jabs?
I don’t like the censorship of alternate opinions, of Ivermectin, etc
There’s no censorship, the fact that there’s no evidence that it works is open disclosure.
Also you don’t really get to call a treatment that has no evidence of working an “opinion”. I don’t get to have an opinion on whether gravity is a thing or not.
There’s no censorship, the fact that there’s no evidence that it works is open disclosure.
Also you don’t really get to call a treatment that has no evidence of working an “opinion”. I don’t get to have an opinion on whether gravity is a thing or not.
If more people died from having the vaccine than not having the vaccine, is that another sign ‘that just means it’s working’? Chest pain? That just means it’s working? Headache and half your body paralysed? That’s just means it’s working.
More people died in the key clinical trial for Pfizer’s Covid vaccine than the company publicly reported
ANZ hikes mortgage rates AGAIN
https://au.finance.yahoo.com/news/anz-hikes-mortgage-rates-again-224121887.html
NT children’s commissioner Colleen Gwynne recruited former casino cruise ship manager to high-paying job, court hears
https://www.abc.net.au/news/2021-12-10/nt-colleen-gwynne-allegedly-recruited-cruise-ship-manager-friend/100692192
https://www.theguardian.com/australia-news/2021/dec/10/australia-likely-to-reopen-to-international-students-and-skilled-workers-next-week
Thanks to happy clappy cnts and developer mates
Scummo is fvrkd.
https://www.roymorgan.com/findings/8878-federal-voting-intention-december-2021-202112092249
ALP (56.5%) increases lead over the L-NP (43.5%) to the largest since the last election as Morrison Government mired in infighting in final weeks of year
Polls aren’t tightening as the election gets closer… they are widening.
As a demographer, I’m donnutted by these comments
Polls also suggested Bill Shorten would get in. I am done with Scummo but I’m not sure the average punter is..
Go to the link and look at the chart… It is blowing out…
I hope it remains that way, good riddance to bad rubbish I say.
The great bs artist will double down on the bs.
Once their primary vote drops below 30% it’s a WA style rout. Primary is 34.5% and dropping.
Let’s go again one more time darling
https://twitter.com/CNBC/status/1468628704117018632
or be strangers in the night…
exchanging……………..needles
https://tinyurl.com/yckh329e
I’m using 7 blades one!
https://www.youtube.com/watch?v=gStI9ysPrhs
Hey booma – help a brother out!
https://www.dailymail.co.uk/sciencetech/article-10291949/Blood-ultra-fit-marathoner-mice-boosts-brain-function-couch-potato-counterparts.html
you brain matter suckker!
My time is now.
https://www.abc.net.au/news/2021-12-10/knights-male-cheerleaders-auditions/100688886
is this the group danced front of the army chief and defence minister and accused the ABC camera man of focusing on their bums and then cutting into the officials and show them smiling
Maybe the male cheerleaders are for the navy brass?
Beware of the uh… sea spray.
What’s long and hard and full of se….
Uh, nevermind.
Well, that finished unexpectedly prematurely.
Anyway, I am glad to report from the above discussion that my suspicions were not justified.
The commentators here are not crankists and are open to revise priors based on evidence.
They no longer think low interest rates are bad, CBs cause low rates and want inflation or that vaccines are dangerous.
Ok boomer
You forgot recanting of prejudiced attitudes and welcoming of a merit-based immigration system with a generous humanitarian component.
Or perhaps you didn’t forget and just thought it was a bridge too far.
https://www.youtube.com/watch?v=xvxV95WcoSw
The REAL Reason Behind This Crazy Inflation Revealed!
Interesting
https://www.news.com.au/technology/online/wikileaks-founder-julian-assange-looks-to-et-be-extradited-to-the-us/news-story/5924c347d62f49f13648c7d222c45101
This is wrong.. our spineless leaders won’t do anything either.
What’s going on with Trump? First time he turns against strong alliance https://www.news.com.au/finance/work/leaders/donald-trump-turns-on-former-ally-over-innocuous-statement-after-2020-election/news-story/13fd2c5b73849d4899aad97265766823
China … As the housing bubble bursts … what next ? …
Evergrande and Kaisa default: Two Chinese giants on the brink … News com au
https://www.news.com.au/finance/business/other-industries/crisis-deepens-for-chinese-property-goliath-evergrande-as-it-defaults-for-first-time/news-story/cdccf88d10c0e3f64bce30537fba26a3
The debt-laden property developer Evergrande, which had racked up debts worth $A420 billion, failed to pay bond repayments and has been declared in default by Fitch Ratings.
A second property company also joined Evergrande in default overnight after days of speculation and a plummeting share price. … VIEW & READ MORE via hyperlink above …
Evergrande Says It’s Back to Work, But Homeowners Say Not Fast Enough | VIDEO … Wall Street Jounal / Youtube
https://www.youtube.com/watch?v=1asNsDsbPOE
Evergrande and Kaisa Default! … Patrick Boyle … Youtube
https://www.youtube.com/watch?v=jyvMx96zcdc
Chinese State Owned Developers Rescue Local Governments! … Patrick Boyle / Youtube
https://www.youtube.com/watch?v=xoM5tm_FErw
New Zealand housing: More signs of market turn …
Auckland family priced off housing ladder find home as signs of market turn mount … Geraden Carr … Stuff NZ
https://www.stuff.co.nz/life-style/homed/housing-affordability/300472623/auckland-family-priced-off-housing-ladder-find-home-as-signs-of-market-turn-mount
The Eva family had almost given up on finding a new home when father Samuel attended a Ray White auction online last Thursday.
Then he watched 13 auctions in a row fail to reach reserve price, and when the property in Auckland’s Te Atatu North he and wife Kristy had their eye on came up, he was the only bidder.
Eva could afford $1 million after selling the family’s Ranui home for a record street price, but sensing a shift to a buyer’s market, he took a different approach, and managed to get the property for $925,000.
Eva’s experience is the most recent hint of a fundamental shift in New Zealand’s housing market – a shift that mega landlord Matthew Ryan believes could see prices fall 20 per cent. … read more via hyperlink above …
… following recent report …
Mega landlord says ‘wind change’ in market could see prices fall 20 per cent … Geraden Cann … Stuff NZ
https://www.stuff.co.nz/life-style/homed/housing-affordability/300467800/mega-landlord-says-wind-change-in-market-could-see-prices-fall-20-per-cent
Still no Omicron deaths