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02.11.26 - 03:48
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Down Under, Going Under: Australian Housing Implodes As RBA Hikes Into The Slump (ZeroHedge)
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Down Under, Going Under: Australian Housing Implodes As RBA Hikes Into The Slump
For three decades, the one trade every Australian knew by heart was "buy property in Sydney." Now it's disintegrating.That's the gist of a Bloomberg feature from this summer, titled "One of the World's Longest Housing Booms Is Cracking in Sydney," which at the time read like a slightly alarmist look at a market that was "only" 3.6% off its peak. Two months, one rate hike and a whole lot of downward revisions later, it reads more like the opening chapter. According to the October Cotality data released just hours ago, capital-city prices fell another 1.4% last month and are now 8.1% below their March peak, with Sydney down 9.4% from a year ago. That's already most of the way to Goldman's latest peak-to-trough forecast of -12% (cut for the second time in two months), which would be a historically large drop for a country where housing is, well, basically the economy.And the Reserve...
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30.10.26 - 09:45
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Im Fokus: Devisen (Helaba)
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Im Oktober konnten alle hier betrachteten Währungen gegenüber dem Euro
profitieren. Die Euro-Schwäche kommt von Fiskalsorgen mit Blick auf Frankreich und
gefallenen Zinserwartungen.. --- Die Ölwährungen aus Norwegen und Kanada konnten dank gestiegener Ölpreise am stärksten profitieren.. --- Auf Jahressicht gehört der Australische
Dollar zu den Topperformern, da die Reserve Bank of Australia den Leitzins seit
Jahresanfang um 1 %-Punkt anhob.. --- Schlusslicht am Devisenmarkt ist die Schwedische Krone, da die Inflation dort weiterhin zu niedrig für Zinserhöhungen ist..
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30.10.26 - 05:15
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Amateur Prospector Discovers Gold Nugget Worth $150,000 In Australian Outback (ZeroHedge)
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Amateur Prospector Discovers Gold Nugget Worth $150,000 In Australian Outback
A recreational treasure hunter in Australia has struck gold in spectacular fashion, discovering a massive nugget that could ultimately sell for as much as $200,000, according to ABC News.The find occurred earlier this month on a remote property near Tibooburra, a small community in northwestern New South Wales with a mining history dating back more than a century.The prospector, who has chosen not to reveal his identity, was nearing the end of another day of searching when his metal detector registered something beneath the ground. Initially, the signal was unremarkable, but after removing several inches of dirt, he spotted what appeared to be gold.What emerged was a quartz-speckled nugget weighing 1.218 kilograms, or roughly 2.7 pounds. Laboratory analysis determined that approximately 940 grams of the specimen consisted of gold, giving it an estimated precious-metal value of $150,000 to $160,000.ABC News wrote that...
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