Morning,
Markets are up, Dow back to 40k.
US Cpi ok, down a point, looking like a 25bps cut next meeting imo but there is two or three more important data points coming before next meeting so they could always change things, if those are a lot weaker than expected i wouldn't even rule out a 50 cut and if stronger maybe a hold.
Gold down, Bitcoin down, Vix down.
Jap PM resigns this week and the Thai one too. Whats going on? Who's next Lol?
https://www.cnbc.com/2024/08/14/thai-court-dismisses-pm-srettha-over-cabinet-appointment.html
ASIC being quite aggressive towards ASX, i don't see what all the fuss is about or why the need to change the system, it seems to work fine the way it is doesn't it?, Labor might have a Bee in it's bonnet about something maybe.
Jeff Bezos’ parents Mike and Jackie Bezos gave $185.7 million to the Aspen Institute this week to establish a new center focused on young people.
Airlines Wizz Air launches $550 ‘all you can fly’ annual subscription pass. C'mon Qantas this sounds good.
https://www.cnbc.com/2024/08/14/wizz-air-launches-550-all-you-can-fly-annual-subscription-pass.html
" Metro areas in Florida and Texas, two Sun Belt states that have introduced a high number of newly built apartments since the pandemic, are seeing significant rent price declines as more units become available, according to Redfin. "
" Record-construction activity since the pandemic has increased the supply of empty units, meaning more inventory is available for renters.
More multi-family units were completed in June than in any month in nearly 50 years, according to Zillow Group, an online marketplace for real estate."
https://www.cnbc.com/2024/08/14/heres-where-rent-concessions-are-happening-the-most-in-the-us-.html
C'mon Albo, how come Texas and Florida can construct the most family units (big ones) in about 50 yrs and we in Oz are going backwards on construction? Might be an idea to give them a quick ring and get some pointers perhaps?
WHO declares Monkeypox emergency.
Meta Shuts Down Tool Used For Tracking Online Misinformation.
Still no sun here, but plenty of rain for the garden, 18C
