Twitter sources reporting the RPData/Rismark house price index for March: +2.3%. It isn’t scheduled for release until 2300GMT, but its out already.
I’m already in trouble for posting the AIG Performance of Manufacturing index for March 5 minutes before scheduled release time.
Once the FBI are done probing the HFT guys I’m expecting a call. But maybe after Michael Lewis writes a book about me. And 60 Minutes does a ‘story’. Gotta whip up the hysteria first (and flog a few books and whatever they advertise during 60 minutes now). incidentally, does 60 Minutes doing a story mark the top in the hype?
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Anyway, back to the RPData – largest m/m increase going back to 1996. While the RBA have not expressed a lot of concern over rising house prices, if the data continues at this rate it won’t be long before they turn hawkish on it.
