The Emergence Machine
Housing Slump Deepens
Australia's housing market continues to slump as the Reserve Bank of Australia prepares for another interest rate hike, per the Wall Street Journal.
The RBA is expected to raise rates for the fifth time this year as inflation remains a key concern, Bloomberg reports.
Meanwhile, cricket fans are divided over recent team selections for the England ODI series, with critics calling the choices 'bizarre' and 'predictably' backfiring in South Africa, The Guardian notes.
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8 articlesWhy these floors —
E10 · E9 · E12E14 places every story on a stack of fifteen floors, from the fields under everything to the planet acting as one. This one sits on E10, institutions; the pressure it names: housing prices. Its words also reach E9 cultures and E12 states.
Here it is a dynamic between institutions, cultures and states: housing market, interest rate hike and inflation (E10 institutions), with cricket fans, team selections, England ODI series and backfiring (E9 cultures), and Reserve Bank of Australia (E12 states).
The floor of money and rules. In this briefing: housing market, interest rate hike, inflation.
The floor of culture and meaning. In this briefing: cricket fans, team selections, England ODI series, backfiring.
The floor of states and force. In this briefing: Reserve Bank of Australia.