Down we go
I read Reserve Bank Governor Lowe's 8.05pm speech at Armidale, which I thought sounded fairly balanced, and the Aussie dollar ticked up a little on its release.
I didn't tune in for the Q&A session, however, and the people watching these things more closely than me reckon that another rate cut in October is a done deal.
Maybe I just wasn't reading closely enough...
For housing market twitchers, Lowe noted in the Q&A that there's no particular concern about rising house prices, while credit growth remains low.
In related news, the latest figures from Revenue NSW showed stamps and transfer duties paid down by a further 15 per cent over the past year, with transaction levels down by a further 16 per cent.
The Oz and the Fin Review both made up their respective minds too.
In more arresting news, the calls for Trump to be impeached may be coming to a head.
Interesting times ahead for stock markets, you’d think.
