
Matthew L
18.5K posts









“ANZ – Roy Morgan figures show consumer confidence has collapsed to its lowest level since the research began in 1973.” “Australians now feel lower about their finances than during previous recessions – including the 1970s oil shocks, the dot-com bubble burst, the global financial crisis and the Covid downturn.”



🇺🇸 Trump says taking out missile launchers is what really matters: “You can't go to your window and say let's throw a window out, a missile out.” Without launchers, missiles don’t go anywhere. x.com/Acyn/status/20…





DRAM prices have begun rolling over. $MU earnings in 7 days will be the largest in its history, but guidance could disappoint. This may be the start of the AI bubble imploding like the dot-com bubble in 2000.









🇺🇸🇺🇦🇸🇦🇮🇷 The Iran war is now cannibalizing Ukraine's defense The Pentagon is considering diverting weapons meant for Ukraine to the Middle East, including Patriot interceptors that European allies are paying for through NATO. Trump confirmed the practice: "Sometimes we take from one and we use for another." Meanwhile, Zelenskyy made a surprise visit to Jeddah to reportedly sign a security deal with MBS. Ukraine is offering Gulf states its battle-tested drone defense expertise, cheap interceptors and jamming tools proven against the exact same Shahed drones Iran is firing at Riyadh and Dubai, in exchange for the expensive air defense missiles Kyiv desperately needs against Russia. Source: Washington Post, Arab News



New Zealand is on track to run out of fuel in about three weeks. First world country btw. No fuel reserves. Refineries closed down under Jacinda Ardern. Deep sea oil exploration banned under Jacinda Ardern. Jacinda Ardern and covid lockdowns. Jacinda and covid.

Imagine being a first Home Buyer in Sydney you take advantage of the Home Guarantee Scheme and buy in October stretching yourself to spend $1.5 m on your home. With a 5% deposit no LMI and you expect interest rates to fall. The RBA was already beginning to think interest rates were too low (as stated today) and would have to rise. It’s now March interest rates have already risen 50 basis points and are expected to rise another 50 bp this year and potentially as much as 75 bp. You were assessed on a 3% serviceability buffer but you have a baby on the way and you are facing reduced incomes and then childcare for the next five years. The cost of everything is also going up because inflation is still too high. This is the type of situation some people that utilised the Home Guarantee Scheme may now be facing. It’s why the Scheme was so misguided and now these FHB may end up paying the price.


Imagine being a first Home Buyer in Sydney you take advantage of the Home Guarantee Scheme and buy in October stretching yourself to spend $1.5 m on your home. With a 5% deposit no LMI and you expect interest rates to fall. The RBA was already beginning to think interest rates were too low (as stated today) and would have to rise. It’s now March interest rates have already risen 50 basis points and are expected to rise another 50 bp this year and potentially as much as 75 bp. You were assessed on a 3% serviceability buffer but you have a baby on the way and you are facing reduced incomes and then childcare for the next five years. The cost of everything is also going up because inflation is still too high. This is the type of situation some people that utilised the Home Guarantee Scheme may now be facing. It’s why the Scheme was so misguided and now these FHB may end up paying the price.


















