See the latest Australian dollar analysis here:
Asian share markets continue to do well with risk sentiment firming despite pullbacks on Wall Street overnight. The USD is weakening a little against most of the undollars, with the Australian dollar trying to push a little higher above the 69 mid level. Oil prices are trying to stabilise after their falls on Friday night with Brent crude now pushing above the $112USD per barrel level while gold is still really struggling to make headway here, still quite depressed at the $1820USD per ounce level:

Mainland Chinese share markets are again pusher higher into the close with the Shanghai Composite up more than 0.5% to 3397 points while the Hang Seng Index is steadying with a 0.4% gain, , currently at 22317 points. Japanese stock markets are also doing well, with the Nikkei 225 index closing 0.6% higher at 27049 points while the USDJPY pair is remaining fairly depressed, hovering at its Friday session lows just above the 135 handle:

Australian stocks put in some outsized gains with the ASX200 finishing more than 0.8% higher, closing at 6763 points. The Australian dollar is still trying to find a bottom here, having been depressed below the 70 cent level against USD all last week, with a strong session this afternoon pushing it above the 69.50 cent level, possibly making another run at the 70 handle tonight:

Eurostoxx and Wall Street futures are holding steady going into the European open, with the S&P500 four hourly futures chart showing price action wanting to launch from this holding position above the 3900 point level with a bullish inverse head and shoulders pattern now complete:

The economic calendar includes a slew of speeches from ECB and BOE bankers, followed by German consumer confidence and US house prices.
- Macro Afternoon - August 17, 2022
- Macro Morning - August 17, 2022
- Macro Afternoon - August 16, 2022
“BOJ’s Attack on Speculators Leads to Futures Liquidity Drying Up”
https://au.investing.com/news/economy/bojs-attack-on-speculators-leads-to-futures-liquidity-drying-up-2595991
Betting against the BoJ is called the “widow maker” trade for a very good reason. Japan is a culture which sees excruciating pain as a virtue.
They stole that, from Q&A.
MB thesis starting to pray out?
“Hedge funds turn tail as commodities crumble on recession rumble: McGeever”
https://au.investing.com/news/economy/hedge-funds-turn-tail-as-commodities-crumble-on-recession-rumble-mcgeever-2596039
Nicht supergeil
https://twitter.com/AvidCommentator/status/1541665090012733441
I guess the largest country in the world trying to start WW3 has that effect on people.
And Chy-na refusing to buy their BMWs and buying TOYATA instead.
Phucken glad we only ship em’ dirt! No way they can substitute that..
Fear of conflict – whether instigated or imposed – has been imprinted on the German national psyche for the better part of a century. The memory of the end of the Weimar Republic still lingers as well, so this is no surprise at all.
Dom’s treat:
https://www.abc.net.au/news/2022-06-28/john-barilaro-told-dominic-perrottet-about-us-trade-job-plans/101189650
Scum. Surely this is Labor’s fault somehow…..
Never trust a fundamentalist Catholic.
Only trust fundamentalist ROPpers.
Pretty sure Dom ok’d it as a way of getting rid of the sh*t head.
When does Macrobusiness update ANZ’ banks potential complete failure of the Australian housing market
I certainly don’t trust ANZ. I was working for a company during the GFC that had a very large loan (40m) with ANZ and at the first sniff of trouble they liquidated. Just like that.
Same. Dodgy as hell.
Edit: The top floor of the Docklands building appears to have more fancy stone than the Taj Mahal! 😆
Snap. Except in UK. And dotcom crash. So Sterling.
Edit: And yeah, despite all that, ANZ.
@ Phanny more International Binking (and tax avoidance) going on at the other place.
I’ll cross into the shadows now
☠️
Lol that guy is hilarious !
You noticed he was looking for you?
Yeah, only a little disconcerting.
You’re not an ex-bikie are you?
You should see my calves.
Do you…shave…?
I’m willing to…..
Are we all picking sides for the big lunch game of footy? No tackling of course, someone might get hurt.
https://mobile.twitter.com/BNNBreaking/status/1541504869160198145
They just hate our freedoms.
Can’t get over watching the G7 in Munich sitting around like they have an ace card up their sleeve. The world is splitting down the middle in a political economy way and they seem to have no appreciation of the risks and costs this entails.
I can’t see any way out of a huge dislocation to lives…….the shelves in Coles today were worse than during the Covid lockdowns………interesting to see that Sri Lanka got locked down to control consumption of stuff that don’t have enough of and to spread the pain evenly. This might happen in more places as the shortages develop.
I guess you saw this thread (and the German consumer confidence above)
https://twitter.com/AvidCommentator/status/1541687893185290241
The ‘Men in Black’ are telling them that Russia is collapsing, and the war will be finished before the end of the year. The reality is that everyone of them will be gone before Putin goes.
“How the debt crisis of 2008-09 fueled populist politics”
https://phys.org/news/2022-06-debt-crisis-fueled-populist.html
Phuck me dead and I thought it gave elitist politics a big shove!
Always have a plan B.
https://www.afr.com/wealth/personal-finance/nervous-sharemarket-investors-seek-shelter-in-real-estate-20220627-p5awz0
Fvkn LOLL the AFR publishes some shameless sh*t.
And they wonder why people don’t trust the press much these days
Lock. Us. Down! now. So apparently babies and toddlers are ending up in ICU and dead because of normal illnesses hitting them all at once that they should have caught gradually earlier except we locked them down to save some sick and old dieing carnts. We need a stadium purge of the chicken sh1ts now!!
YOU’ve just come from the other place, haven’t you!
Actually no. Haven’t been there for a while since it became a satire site and then kind of shut down or something. Hadn’t realised it was still going. I did like that they understood boom times much better than here and they weren’t chicken sh1ts. And also hated chinamen and stuff.
Became a satire site?
It was just humorous stories wasn’t it? A bit beetoota. Nothing actual real. Like reading penthouse letters.
Stop mucking around DLS, I mean Reusa,
You like the shadow site more than your site?
What’s this shadow site you speak of?
ermo, it can only mean pain for you.
I wasn’t asking you.
I was asking my Mate Phanny
Well you fvcking bitch I hope you two are happy together. Maybe you will start to see the value of a needle in a reacharound situation.
@ Ermo, peachy went off and started her own blog with commentators used to be around this blog
I’m sure you’ve heard of it’s name..
Which reminds me why dls used to call peachy astrosurfer..she indeed took audience from here to her own show
@phanny don’t bother with lube. he likes it rough.
Peachys a chick?
Fcvking hell ermo.
Don’t be jealous Harry. We can still be friends.
A lot of people trade in their old worn out Shyte box for a newer model.
@ Harry @ Ermo
I don’t get what just happened, you both been example of mateship…hope all of this is just keyboards dramas 🤔
You young blokes just don’t understand foreplay.
@phanny TBH it’s a bit of a relief. It was getting a bit difficult to reacharound over the gut.
Anyway, over to you.
Also, if he checks his messages stop the reacharound.
He can do it his dam’ self.
I love you too Harry
It’s so good it will transport you to China (and harvest your organs)!
https://www.dailymail.co.uk/femail/food/article-10959275/Foodies-flocking-Canterbury-League-Clubs-Dynasty-Restaurant-dubbed-Sydney-hidden-gem.html
I live near the corner of NCR and Wardell.
Unfortunately I’ve had to drive through there. Lots of derros (must be full of shelters). And fat chicks with glasses and boots on.
I’m laughing and crying.
Don’t be so demographic.
By China, they mean Hong Kong 😛 Those are all HK dishes.
Coupla days!
https://www.dailymail.co.uk/news/article-10959317/Aussie-fruit-shop-boss-exposes-prices-soaring-Coles-Woolworths.html
But do they deliver to PMC house holds …. !!!!!
More opaque than the sh!ttingcube (and probably just as a bad to be trapped in)… I present some more Aussie IN.GIN.fkn.UITY. … this just skidded down my inbox:
Hi XXXXXX
Do you have $30,000 saved and are looking to purchase your home?
Bricklet for Homeowners gives you the opportunity to buy a home without the need for a large deposit.
By slashing the deposit requirement it’s possible for anyone to get started.
How it works:
You own most of your home using your deposit together with a shared equity home loan.
You rent the rest.
You have the same rights just like a normal homeowner.
Be amongst the first to buy with our exclusive offer:
Bricklet are looking for people who are currently looking to buy a brand-new home of their own but don’t have the full deposit needed. Do you have at least $30,000 saved?
What to do next:
If you would like to take part or find out more information, click below or call Bricklet on 1300 733 253 and quote “Credit Savvy”.
Tell Me More
What are the next steps:
Bricklet will discuss what you are looking for, your deposit position and help you start the process.
You will then be connected with their mortgage partner who will help with your loan application and approval.
After you are approved the contract is finalised, followed by a fast settlement and then the property will be yours!
… cool diagrams didn’t copy paste across unfortunately but you can use your imagination- you can bet CBA, Bricklet, Credit Savvy and every other property hanger on are using theirs!
Also: when the market turns down it’s far more comfortable to sh!t Bricklets.
Is the market turning into a wombat ?
Remarkable.
***Savvy*** one of – those – words again …
I have a pile of old bricks in my backyard . How can I monetise these into a super cool financial instrument that can be accessed via a jazzy app and involve huge amounts of leverage that I can cream off big time ?
There has to be a way to realise the great potential of these bricks and mortar solid assets ( bricks are second hand so they come with mortar attached )
Seen Michael Wests article on them?
How do we supposed to “trust the Science” when neoliberalisms keeps finding new ways to corrupt it and fk it up.
An interesting and newish Philip Mirowski Clip
“Platform capitalism re-organises the science of the future”
https://youtu.be/VSmY0CSzEdE
Exactly EP …
https://www.dailymail.co.uk/money/cars/article-10960675/UK-automotive-jobs-risk-energy-bills-soar-50.html
Seems the UK coming down with Australian disease.
Sri Lanka … Inflation now about 133% according to Johns Hopkins University as residents life savings wiped out … DW News reports …
Sri Lanka hit by worst economic crisis since its independence | DW News … Youtube
https://www.youtube.com/watch?v=DX9cLlB96ec
Sri Lanka suspends fuel sales for two weeks as economic crisis worsens … Agence France-Presse / The Guardian
https://www.theguardian.com/world/2022/jun/28/sri-lanka-suspends-fuel-sales-for-two-weeks-as-economic-crisis-worsens
Why Sri Lanka’s Economy is Collapsing : The First of Many … Casual Scholar … Youtube
https://www.youtube.com/watch?v=ZYV3XCbk5PQ&t=1s
… and its history since independence 1948 …
The Economic Crisis in Sri Lanka … Asianometry … Youtube
https://www.youtube.com/watch?v=g70ncHcaBiE&t=2s