<?xml version="1.0" encoding="UTF-8"?><rss version="0.92">
<channel>
	<title>Data Diary</title>
	<link>http://www.datadiary.com.au</link>
	<description>An investor&#039;s diary</description>
	<lastBuildDate>Thu, 09 Sep 2010 04:21:44 +0000</lastBuildDate>
	<docs>http://backend.userland.com/rss092</docs>
	<language>en</language>
	<!-- generator="WordPress/3.0.1" -->

	<item>
		<title>Australian housing finance (Jul10) &#8211; gone but not forgotten</title>
		<description><![CDATA[ABS released housing finance data for July yesterday (here) &#8211; following is their summary of the stats: Looks okay I guess &#8211; and that was the general response from our mainstream media (see the ABC&#8217;s coverage &#8220;Housing finance rises in July &#8211; but caution remains). As Westpac senior economist, Andrew Hanlan, said &#8220;It&#8217;s probably best [...]]]></description>
		<link>http://www.datadiary.com.au/2010/09/09/australian-housing-finance-jul10-gone-but-not-forgotten/</link>
			</item>
	<item>
		<title>Inflation, money printing and the theory of relativity</title>
		<description><![CDATA[The great grey afro was onto something &#8211; everything is damned relative. Developed world versus emerging economy. Baby boomer versus generation xyz. Capital versus labour. The dividing of the economic pie is nearly always subject to rivalries between the Contrade. When the flan is an overcooked economy, these rivalries tend to intensify. The printing press and the [...]]]></description>
		<link>http://www.datadiary.com.au/2010/09/08/inflation-money-printing-and-the-theory-of-relativity/</link>
			</item>
	<item>
		<title>Australia&#8217;s current account &#8211; recycling the trade surplus</title>
		<description><![CDATA[The release of the latest current account data by the ABS (here) was met within universal approval.  It&#8217;s not hard to see why &#8211; a bumper trade surplus has Australia within sight of the other side of the ledger: Here we have the current account deficit pulling back under $5bn for the first time in [...]]]></description>
		<link>http://www.datadiary.com.au/2010/09/03/australias-current-account-recycling-the-trade-surplus/</link>
			</item>
	<item>
		<title>Gold to base metals ratio &#8211; why is it low?</title>
		<description><![CDATA[One further thought following on from our previous post (here) &#8211; if the RBA Commodity price index is at record highs, why is it then that industrial metals are trading historically cheap relative to gold? Perhaps it is a reflection of the uncertainty that prevails across the markets.  There has been enough talk about the debasement [...]]]></description>
		<link>http://www.datadiary.com.au/2010/09/02/gold-to-base-metals-ratio-why-is-it-low/</link>
			</item>
	<item>
		<title>RBA commodity price index &#8211; back to its highs</title>
		<description><![CDATA[The good news keeps on coming &#8211; the RBA released its commodity price index yesterday (here): And from the RBA: Over the past year, the index has risen 53 per cent in SDR terms. Much of this rise has been due to increases in iron ore, coking coal and thermal coal export prices, although all components [...]]]></description>
		<link>http://www.datadiary.com.au/2010/09/02/rba-commodity-price-index-back-to-its-highs/</link>
			</item>
	<item>
		<title>Australian July credit &#8211; last true believer buys another house</title>
		<description><![CDATA[RBA financial aggregates for July were released yesterday (here) &#8211; in brief: Housing credit increased by 0.5 per cent over July. Over the year to July, housing credit rose by 8.1 per cent. Other personal credit was flat over July. Over the year to July, other personal credit increased by 3.2 per cent. Business credit [...]]]></description>
		<link>http://www.datadiary.com.au/2010/09/01/australian-july-credit-growth-last-of-the-true-believers-buys-another-house/</link>
			</item>
	<item>
		<title>Australian building approvals for July 2010 &#8211; momentum to the upside</title>
		<description><![CDATA[Australian building approvals data for July released by the ABS yesterday (here). ABS Building Approvals show that the total number of dwellings approved rose in July 2010 following falls in the previous three months in seasonally adjusted terms.  According to the ABS, New South Wales (9.7%), Victoria (12.1%), South Australia (8.3%) and Tasmania (4.4%) recorded [...]]]></description>
		<link>http://www.datadiary.com.au/2010/09/01/australian-building-approvals-for-july-2010-momentum-to-the-upside/</link>
			</item>
	<item>
		<title>Letting go of the carry trade</title>
		<description><![CDATA[Leverage, like many of our hedonistic pleasures, can be a pernicious addiction.  With the benefit of hindsight the Great Moderation that met it&#8217;s demise with the onset of the GFC was as much a product of consistently rising debt levels as any other variable.  It has left the majority of the developed world with &#8216;too [...]]]></description>
		<link>http://www.datadiary.com.au/2010/08/23/letting-go-of-the-carry-trade-2/</link>
			</item>
	<item>
		<title>Australia&#8217;s election result</title>
		<description><![CDATA[A hung parliament. Is that a gallows metaphor?  Is it equine in origin?  Or is something that you do to dead meat? Either which way, sounds like we could be headed for the abbatoir. One intriguing development from the Australian election is that the Greens polled over 10% of the primary votes.  They will not [...]]]></description>
		<link>http://www.datadiary.com.au/2010/08/23/australias-election-result/</link>
			</item>
	<item>
		<title>Chinese growth hormones and other performance enhancers</title>
		<description><![CDATA[Australian equities have benefited from two major trends over the last couple of decades (casting aside the credit bubble on the grounds that it hurt).  They are 1) the growth in our compulsory superannuation investment pool and 2) the growth in China&#8217;s demand for all things resources.  It&#8217;s interesting then to compare and contrast the [...]]]></description>
		<link>http://www.datadiary.com.au/2010/08/20/chinese-growth-hormones-and-other-performance-enhancers/</link>
			</item>
</channel>
</rss>
