5 signs the world is headed for a recession

5 signs the world is headed for a recession

New York CNN Business — Around the world, markets are flashing warning signs that the global economy is teetering on a cliff’s edge. The question of a recession is no longer if, but when. Over the past week, the pulse of those flashing red lights quickened as markets grappled with the reality — once speculative, … Read more

Central Banks’ Higher Rates, Bond Sales Clash With Government Needs

Central Banks’ Higher Rates, Bond Sales Clash With Government Needs

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Sydney home prices: city region where prices fell 12 per cent in a year

Sydney home prices: city region where prices fell 12 per cent in a year

Property prices have fallen by up to 12 per cent over the past year in some Sydney regions, while continuing to increase in cheaper western suburbs. PropTrack’s latest Home Price Index released Saturday showed Sydney home prices fell at a slower rate over spring, with declines in other capitals eclipsing those in the Harbor City. … Read more

House Prices Fall as Rate Hikes Push Buyers to Sidelines

House Prices Fall as Rate Hikes Push Buyers to Sidelines

Signs are mounting that home prices have peaked, as soaring mortgage rates have deterred buyers, forcing sellers to lower their expectations. For example, the S&P CoreLogic Case-Shiller Home Price Index dipped 0.3% in July from June, the largest monthly decline since November 2014. And now Realtor.com has reported that 19.5% of home listings cut their … Read more

Britain’s Financial Disaster Is a Warning to the World

Britain’s Financial Disaster Is a Warning to the World

A toxic mix of politics, inflation and higher interest rates is threatening the financial system in the UK, sending a shock wave through global markets and providing a warning to governments everywhere of the dangers of the new economic era we are entering. A surprise tax cut by the new British government just over a … Read more

Trussonomics is already slaying the demons of stagflation. We need more of it

Trussonomics is already slaying the demons of stagflation.  We need more of it

Volatility has stalked the UK markets this past week since the mini-Budget, much to the delight of the many opponents of the Truss-Kwarteng revolution. It is revealing how these critics have revealed in what they saw as the discomfiture of not just the new Government but also of the UK economy generally – as if … Read more

Surprising finding on house prices after rate rises: PropTrack report

Surprising finding on house prices after rate rises: PropTrack report

House prices fell by 0.19 per cent in September on average across Australia – the smallest drop since April in what could be some welcome relief for homeowners. In the capital cities, prices dropped by 0.22 per cent overall, the PropTrack report found. This means capital city prices have reversed with falling prices in the … Read more

Fed Vice Chair Brainard warns against retreating from inflation fight prematurely

Fed Vice Chair Brainard warns against retreating from inflation fight prematurely

US Federal Reserve board member Lael Brainard speaks after she was nominated by US President Joe Biden to serve as vice chair of the Federal Reserve, in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in Washington, US, November 22, 2021. Kevin Lamarques | Reuters Federal Reserve Vice Chair Lael Brainard … Read more

Inflation accelerated even more than expected in August

Inflation accelerated even more than expected in August

Inflation in August was stronger than expected despite the Federal Reserve’s efforts to bring down prices, according to data Friday that the central bank follows closely. The personal consumption expenditures price index excluding food and energy rose 0.6% for the month after being flat in July. That was faster than the 0.5% Dow Jones estimate … Read more

Where you can buy a property in Sydney for $100k less than pre-Covid prices

Where you can buy a property in Sydney for 0k less than pre-Covid prices

Properties in pockets of Sydney have become more than $100,000 cheaper than they were before the Covid pandemic started due to massive price falls – especially over the last six months. The bulk of the 34 suburbs where prices were now cheaper than in 2019 were around the CBD, Parramatta and north shore, according to … Read more