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Australia housing affordability stuck at record lows

posted by warrenbuffet 1381 days ago in AUD, Housing made popular 1381 days ago

Housing affordability remains at a 24-year low and is unlikely to significantly improve in the short term even if mortgage rates fall, the Housing Industry Association warns.

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RBA confirms rates will fall - but when?

posted by warrenbuffet 1381 days ago in AUD, Special, Inflation made popular 1381 days ago

The central bank has given its loudest signal yet that it is about to cut interest rates, as data shows wage inflation remains under control.

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Japan firms' confidence hits 5-yr low

posted by warrenbuffet 1381 days ago in JPY, Fundamental, Manufacturing made popular 1381 days ago

Japanese manufacturers' sentiment sank to a fresh five-year low in August, a Reuters poll showed, suggesting the closely watched Bank of Japan tankan will show further pessimism amid growing signs of recession.

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Is the whole world slowing?

posted by warrenbuffet 1381 days ago in USD, EUR, Special made popular 1381 days ago

With Europe now joining the United States, Japan and Canada in the dumps, none of the Group of Seven economies is growing anywhere close to their potential.

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Gold Drops Below $800 an Ounce in Asia as Dollar Strengthens

posted by warrenbuffet 1381 days ago in USD, Gold made popular 1381 days ago

Gold tumbled below $800 an ounce in Asian trading as the dollar headed for its longest winning streak in more than two years, reducing the appeal of the metal as an alternative investment to U.S. assets.

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Dollar Heads for Weekly Gain Before Consumer Confidence Data

posted by warrenbuffet 1381 days ago in USD, EUR, Consumer made popular 1381 days ago

The dollar headed for a fifth weekly gain against the euro, its longest winning streak in more than two years, before a report forecast to show U.S. consumer confidence increased for a second month.

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Japan's economy shrinks in second quarter

posted by warrenbuffet 1383 days ago in JPY, Fundamental, GDP made popular 1382 days ago

Japan's economy shrank in the second quarter, the government said Wednesday, as slowing exports and waning consumer demand pushed the world's No. 2 economy to the brink of recession.

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U.K. Inflation Reaches 4.4%, More Than Double Target

posted by warrenbuffet 1384 days ago in GBP, Inflation made popular 1383 days ago

U.K. inflation accelerated to more than double the central bank's 2 percent target in July, making it harder for policy makers to cut interest rates as the threat of a recession looms.

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Japan Consumer Sentiment Falls to Record Low on Gas

posted by warrenbuffet 1384 days ago in JPY, Consumer made popular 1383 days ago

Japanese consumers became the most pessimistic they've been in at least 26 years, indicating their spending is unlikely to trigger a recovery in the world's second-largest economy.

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Japan's wholesale inflation hits 27-year high

posted by warrenbuffet 1384 days ago in JPY, Fundamental, Inflation made popular 1383 days ago

Japanese wholesale inflation hit a 27-year high in July while consumer confidence struck a new record low, official figures showed Tuesday, adding to gloom about the health of Asia's largest economy.

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Aussie business conditions hit 7-year low

posted by warrenbuffet 1384 days ago in AUD, Fundamental, Consumer made popular 1383 days ago

Business conditions have weakened to the lowest point since the weeks after the September 11, 2001 terrorist attacks in the US, in a sign the economy could be slowing faster than had many expected, a report shows.

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Paulson: Give stimulus time to work

posted by warrenbuffet 1384 days ago in USD, Fundamental, GDP made popular 1383 days ago

Treasury Secretary says $168B tax rebate was right size to help economy this year; also says 'a lot of truth' to President Bush quip last month that Wall Street's 'got a hangover.'

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