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Latest posts by Grand Funk Railroad (see all)
- Macrobusiness Sundries: 14-15 May, 2022 - May 14, 2022
- Macro Afternoon: 13 May, 2022 - May 13, 2022
- Macrobusiness Sundries: 7-8 May 2022 - May 7, 2022
USD strengthening bc?
Higher interest rate brings more money in?
It’s killing yen, which is good for me buying car parts from Nippon.
Despite defending the yield and buying as many 10 year bonds as possible, the yield is still at the top of the range and it has taken a massive toll on the Yen. The Yen has moved down faster than almost ever, and every day it gets harder and harder to keep this game up. They will have to choose one or the other – rates or the currency. Which will fail first?
The Japanese Yen is Collapsing – https://www.youtube.com/watch?v=WhfhcgHO_Kk
So does RBA meet tomorrow?
I thought it was always first Monday of the month?
https://youtu.be/MF1hePYBIkU
I’m waiting for ScoMo to blame it on Labor.
How dare you – why do you guys always see rising interest rates through a political lens
https://twitter.com/timdunlop/status/1521036498719584257
Scomo gives a master class on gaslighting
Nice. Love watching him squirm. Rates will always be lower under the Liberals.
It’s been always first Tuesday of the month as long as i can remember.
I remember cause the meeting always matched melbourne cup day
Yes …….but what does it all mean ?
Absolutely nothing…I really started to tend to become nihilistic especially when it comes to governments
Nice rack – important front page News!
https://www.news.com.au/entertainment/celebrity-life/kourtney-kardashian-goes-braless-for-date-night-with-travis-barker/news-story/47f626248d29b9e6a579908b7d02db66
Share buybacks start back up tonight so there is that, but with 4% Fed funds rate in prospect next year before the crunch what is a person to do ? Here are the forces on those US blue chips that everyone needs in their super…….what will the price pressures do is the question ?
https://twitter.com/takis2910/status/1520032630141562881
So Scomo of 2008 is behind the Labor idea of having government equity in house?
https://www.news.com.au/finance/economy/australian-economy/unearthed-clip-shows-scott-morrison-backing-shared-equity-scheme-during-gfc/news-story/4aaae251f8c38f5afa6d6d6f840843f5
As a Cam Murray cross post pointed out, if it’s such a good idea for the gig to have a ten or thirty percent stake in housing why not a 100% stake?
None of what we are seeing is about true affordability, it’s all about keeping the bubble going. If it takes the Gov ponying up a portion of the deposit then the Gov will be the bank of mum and dad to keep prices high.
They’ll back the banks to lend to people who can’t reasonably meet their repayments and have money left over for necessities.
They’ll influence the states to lower planning and regulatory standards so that builders and developers can pump out junk and line their pockets.
And if all still ends up going t1ts up, they’ll help out those who are apparently the business peeps that say “let the market decide” and toss those in need under the bus.
Until we decide to leave the last 30 plus years of political-economic thinking behind we’ll just be junkies going back for another housing hit. The high will never be as good yet the lows will keep getting lower.
(Yet another) nice thread from Pettis explaining some of these dynamics…mentions Anglosphere rather than Sh!tsville per se
https://twitter.com/michaelxpettis/status/1520642994399232000
What about this one!!!
Not that our pollies care.
1/2
A country’s real “wealth” is just the value of goods and services it is able to produce. That is why if housing prices soar without a concomitant soaring in the economy’s productivity, the country hasn’t actually gotten any wealthier.
https://t.co/NwDfHZeDRS
You can’t say that.
We’re all getting poorer. Wages have stagnated while costs have outpaced them…particularly in housing…for decades.
My Dad as a mid level public servant was able to buy a 1200 sq m block of land in Canberra in the mid 70s for about 9 months salary (approx $10K). Today, a mid level public servant could buy a “generous” (lol) 600 sq m block for about 6 years salary (approx $450K) which is absurd.
Nobody who has housing “wealth” is as rich as they think they are. It’s all turning to rust and ashes in our mouths.
9mths! Wow!
Isn’t most wealth illusionary? I mean if you own productive business that’s 1 thing. But assets in general all have some issue with them. In the case of Aussie housing it’s usually an all eggs in 1 basket issue I have with it.
I’m slowly making my way through Trade Wars are Class Wars. It’s worth the investment of time. Pettis and Klein lay out everything out and give examples from across the world and across the last few hundred years.
He’s playing 4D chess where most are impressed by their little tic tac toe games. Unfortunately we end up getting the tic tac toe version and it becomes lore.
One understands why, it’s just a shame when Pettis then goes and does it all in tweets as well thus showing that these ideas can be put across in a succinct and accessible way.
can’t be right
https://www.news.com.au/national/courts-law/sally-zou-sued-by-anthony-smyth-over-failed-commodities-trade-deals/news-story/2ca7b8ac0da1bc353344e22d3efa4c20
Doomy
https://www.dailymail.co.uk/news/article-10774005/Banking-litigator-Roger-Brown-warns-Australian-house-price-bubble-rates-rise.html
“Biggest housing bubble in Australian history” 😳
https://theconversation.com/high-maintenance-is-a-red-flag-on-dating-apps-women-are-still-expected-to-shrink-themselves-180113
It’s mens fault we don’t want high maintenance women!
The author should do some research on what women demand from men on those apps. He will need a pen and several pages of paper for the list. For men to want anything of women though, how dare they. Women are pure and sacred beings who can do no wrong and should be given the benefit of the doubt, always. All emotional trauma and baggage should be ignored (Sarc).
What a knob.
I thought it was quite funny, the ABC reposted it on their site yesterday. There is a lot I could say about it, but I think the comments section kind of sums it up.
Men just want to get on with there lives.