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Property Prices Fall 1.5% in November, But RBA Holds Rates Steady

Property Prices Fall 1.5% in November, But RBA Holds Rates Steady

Australia’s property market slump is showing few signs of improvement. According to new CoreLogic data, prices across capital cities were down 1.5% in November. And it’s not just one or two markets skewing the numbers either. Five of the eight capitals saw prices decline during last month.
The post Property Prices Fall 1.5% in November, But RBA Holds Rates Steady appeared first on The Daily Reckoning Australia.

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IMF Set to Rubber Stamp Yuan Inclusion in SDRs

China’s yuan, or renminbi, is on the verge of joining the global currency elite. The IMF is expected to announce the yuan’s inclusion shortly. It’s a rather big deal. Inclusion into the so called Special Drawing Rights (SDRs) is of strategic importance to the Chinese.
The post IMF Set to Rubber Stamp Yuan Inclusion in SDRs appeared first on The Daily Reckoning Australia.

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Varoufakis Warns of Australian Recession

Former Greek finance minister Yanis Varoufakis has added to calls warning of an Australian recession.
If you’re anything like me, it’s enough to make you sit up and take notice. You know things are bad when a Greek economist starts lecturing Aussies on recessions.
The post Varoufakis Warns of Australian Recession appeared first on The Daily Reckoning Australia.

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The Real Bubble isn’t in Stocks

A lack of real growth means lower returns on equity. In such an environment, global bond AND stocks markets will get smashed.
The post The Real Bubble isn’t in Stocks appeared first on The Daily Reckoning Australia.

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How to Kill a Jeep

New technology helped create the power grid…ATMs…traffic lights…flash mobs…ISIS…and Social Security’s payment system. Now, all are at risk from Anonymous…
The post How to Kill a Jeep appeared first on The Daily Reckoning Australia.

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