It’s time for an apology. No, not from your editor. We’re always right, so there’s no need to apologise [wink]. Instead the apology needs to come from the Australian mainstream financial press. The same financial press that told you Australia’s banks were strong. That Australia had the best prudential regulation in the world. That Australian [...]
economist
“Auction clearances dive on interest rate rises”, reports today’s Australian Financial Review (AFR). It states: “In Melbourne, the clearance rate dropped sharply to 61 per cent, the lowest turnover since mid-December 2008…” Ouch! It certainly isn’t a sellers’ market. And our friends at RP Data agree with us. Money Morning reader Duncan pointed us towards [...]
That’s today’s headline. The headline for Monday’s Money Morning will be the follow on… “How a Housing Index Could Work”.
Yesterday I mentioned that the Australian Securities Exchange (ASX) is considering offering an index based on residential house prices.
The index – from what we can gather – will allow investors to bet, gamble or punt [...]
