Status of US Dollar as Global Reserve Currency: Central Banks Diversify into Other Currencies and Gold by Wolf Richter • Mar 31, 2025 • 114 Comments The surge of the “nontraditional reserve currencies.”
Reserve Bank of Australia, First Central Bank to “Pause” then “Un-Pause,” Hikes Again, Warns of More Hikes. QT Continues by Wolf Richter • Jun 6, 2023 • 44 Comments Markets surprised by hike and hawkish tilt on fears about inflation expectations and surging labor costs without productivity gains.
Popping Housing Bubble in Australia “Remains Orderly.” Prices Down Nationally from Year Ago. Sydney -8.6% Year-over-Year by Wolf Richter • Oct 31, 2022 • 79 Comments “So far, we haven’t seen any evidence of panicked selling or forced sales”: CoreLogic.
Australia Housing Bust Spreads, Accelerates. Prices in Sydney & Melbourne Fall Below Year-Ago Levels, Sales Plunge by Wolf Richter • Sep 3, 2022 • 154 Comments Biggest monthly drop in national home price index since 1983.
Australia’s Housing Downturn Accelerates: In Sydney, Sharpest Price Drops “in Almost 40 Years” by Wolf Richter • Aug 1, 2022 • 65 Comments Sales volume plunged in Sydney and Melbourne. Rate hikes bite, yet the Reserve Bank of Australia just started hiking.
The Process of Ending Massive Money Printing Has Started by Wolf Richter • Sep 9, 2021 • 261 Comments ECB second giant to taper. Bank of Japan already ended QE. Bank of Canada shed 15% of assets. UK, Australia are tapering. New Zealand quit cold turkey
Bank of Canada Cuts Bond Purchases for 3rd Time, Bank of New Zealand Stops QE Cold-Turkey, Citing Housing Bubble in “Least Regrets Policy,” Following a Slew of other Central Banks by Wolf Richter • Jul 14, 2021 • 150 Comments Why is the Fed so far behind the curve? Other central banks are now making room for “persistent” inflation.
Australian Construction & Real-Estate Development Giant Grocon Hits Wall, amid Industry Swoon that Started in Mid-2019 by Nick Corbishley • Nov 22, 2020 • 26 Comments The Pandemic accelerated the mess.
Shell’s Colossal Miscalculation in 2011 of Today’s LNG Price: Largest-Ever $12-$17-Billion “Floating Facility” Shut Down, Months After Shipping First LNG. Done in by Long Price Collapse by Wolf Richter • Aug 21, 2020 • 57 Comments Designed to profit from sky-high LNG Prices in Japan. Sunk by surging US LNG Exports, multi-year collapse in LNG prices, global LNG glut.
Australia’s Construction Industry Faces “Bloodbath,” Says Lobbying Group Clamoring for Bailout, after Riding up the Housing Bubble by Nick Corbishley • Aug 21, 2020 • 64 Comments Alas, the housing construction bubble burst long before the Pandemic.
