Dona Ferentes
Beware of geeks bearing grifts
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Australian numbers
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Given Australia's GDP composition has been 2/3rds services 1/3 goods, the rising services costs are going to have a bigger impact than falling goods.
Don't think we are out of the woods just yet.
Mick
Mick
i expect more hiking , but would like to be wrong this time ( i see at least two more hikes this calendar year )
Just saw this.
I've been subscribed to a few local real estate mailing lists for the past few months and have noticed that properties in Sydney are now getting passed in that would have otherwise been snapped up during boom times.
Remains to be seen if listings are up though - hard to find good sources of data on real estate without having to pay an overpriced subscription fee.
Larry was pretty much right though.... Fed probably has another 25 or 50bps in hikes. That's pretty much 6%. When he made that call economists were predicting 2-3% as the terminal rate...
channel:UCKWDscRjYFTD1KHsmow4-bQ
he still uses the published data + surveys but strives to be unbiased
Even if it doesn't actually set a record, we're still very much at an extreme right now with what's occurring.
Personally I think the market's being far too optimistic and ignoring problems in the real economy but time will tell. We're coming into the traditionally volatile period of the year after all.
The complex beast is adjusting for new information
i guess they will blame Russia for the consequences
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![](data:image/svg+xml;charset=utf-8,<svg height="100px" width="144px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
Given Australia's GDP composition has been 2/3rds services 1/3 goods, the rising services costs are going to have a bigger impact than falling goods.
Don't think we are out of the woods just yet.
Mick
over9k
So I didn't tell my wife, but I...
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It's almost as if the former u.s treasury secretary might have some clue what he is talking about hey?
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Nah.
Mick
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well last i heard Australia still has a trade surplus , sure our assorted governments believe the tax-payer is the tooth-fairy in disguise , but we still somehow manage to sell more than we slash around
i expect more hiking , but would like to be wrong this time ( i see at least two more hikes this calendar year )
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Just saw this.
I've been subscribed to a few local real estate mailing lists for the past few months and have noticed that properties in Sydney are now getting passed in that would have otherwise been snapped up during boom times.
Remains to be seen if listings are up though - hard to find good sources of data on real estate without having to pay an overpriced subscription fee.
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Larry was pretty much right though.... Fed probably has another 25 or 50bps in hikes. That's pretty much 6%. When he made that call economists were predicting 2-3% as the terminal rate...
over9k
So I didn't tell my wife, but I...
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I think mick was taking the piss...
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Uh how are we still selling iron ore?
![](data:image/svg+xml;charset=utf-8,<svg height="100px" width="211px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
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try walk the world ( DFA/ Martin North )
channel:UCKWDscRjYFTD1KHsmow4-bQ
he still uses the published data + surveys but strives to be unbiased
over9k
So I didn't tell my wife, but I...
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Back in my day, before guvmint could just turn off your money...
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Even if it doesn't actually set a record, we're still very much at an extreme right now with what's occurring.
Personally I think the market's being far too optimistic and ignoring problems in the real economy but time will tell. We're coming into the traditionally volatile period of the year after all.
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We specialise in extremes these days.
Whether it be wings, weather or finance.
Mick
Whether it be wings, weather or finance.
Mick
Dona Ferentes
Beware of geeks bearing grifts
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Too true, Mick. Give us this day our daily panic.
The complex beast is adjusting for new information
Strange that as usually allows me to share/upload - thanks @rcw1 for letting me know ?
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GDP figures and durable goods orders for the US came out better than expected.
Crude is now pushing $80 a barrel, and it looks like these prices are being sustained.
The runway is being lit up for further hikes. Also for non-human beings....
Crude is now pushing $80 a barrel, and it looks like these prices are being sustained.
The runway is being lit up for further hikes. Also for non-human beings....
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i am just glad they thought this through carefully ( the US is a consumer/debt driven economy )
i guess they will blame Russia for the consequences