Good News & Bad News, page-12251

Nice. Thanks for the data. Yes the doom and gloom has been at fever pitch. The average punter has already zipped up their pockets to a degree and I'm judging that off discussions with family, friends and the Uber driver. Real Estate appears to had the froth knocked off the top with further falls possible.

Just looked at dwelling approvals data and it certainly has come of the boil and specifically, residential unit approval No's have gone -ve on the yearly change big time. This will flow through to the construction industry employment and construction materials inflation should ease.

Obviously these stats are being affected by the number of construction company collapses. More data being released this coming week.

EV demand destruction appears to be still a result of the raw materials bottle neck, not consumer demand easing, at the moment. As has been suggested, maybe the wait times will decrease if recession hits/deepens.

So next Fed meeting, maybe 50 basis and then easing back to 25s if required?