Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
Join us for a live Q&A as I discuss the intersection of Politics and Economics with Professor Steve Keen (he has just released a new book) and the Founder of the New Liberals Victor Kline. This is part 2 of a series. Part one is here: https://youtu.be/t8f2EFRyXUY
You can ask a question live via the YouTube Chat.
Markets in the US had a strong end to the week, as investors reacted to the fact that November’s consumer prices gains met expectations, and continue to hope it will fall back, so easing pressure on the Federal Reserve to accelerate it taper and the timing of a rate hike.
Looking to next year, supply chain challenges will continue to drive up prices in the near term but are expected to fade as Americans shift toward more normal consumption patterns. Still, other factors, like labor constraints and housing costs, may keep inflation elevated.
The CPI report from the Labor Department showed consumer prices surged last month to a 6.8% annual growth rate, the highest reading in more than 39 years.
While that was distorted to a degree by upheavals in prices a year ago due to the pandemic, the core rate — which strips out more volatile food and energy prices – also hit a 30-year high of 4.9%. The headline rate rose by 0.8% on the month and the core rate by 0.5%, both chunky increases that suggest that companies are still able to pass on higher costs to their customers more or less at will.
CONTENTS
0:00 Start
0:17 Introduction
1:57 US CPI
4:00 Inflation – Here To Stay?
7:00 Political Reaction
7:45 Market Movements
10:29 Coffee Futures
12:03 Short Sellers Under Scrutiny
12:57 UK Markets on Plan B
15:15 You Can’t “Invest” In Crypto
17:40 China Evergrande
18:45 WCI Index Up Again
19:25 Australian Market
21:38 Summary and End
Go to the Walk The World Universe at https://walktheworld.com.au/
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A segment on ABC Illawarra where I discussed the possible changes to payment regulation in Australia.
Go to the Walk The World Universe at https://walktheworld.com.au/
In today’s show we discuss the likelihood of a real market correction, the signs are not good; why monetary policy needs to be tightened, how China is cutting Australia’s steel throat, and risk in the banking system. Four big, but connected themes.
Go to the Walk The World Universe at https://walktheworld.com.au/
Today’s post is brought to you by Ribbon Property Consultants.
If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.
Buying property, is both challenging and adversarial. The vendor has a professional on their side.
Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.
Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.
Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.
Home prices in New Zealand have gone through the roof, prompting changes to the Reserve Bank NZ mandate, and changes in monetary policy. But recent Treasury modelling shows how out of touch they are compared with ordinary people as they try to post-rationaise the benefits of high home prices. Not only are they using old data from 2018, but their neo-liberal skirts are showing. And similar distorting thinking is driving policy in other markets too – time for a change of tune!
Go to the Walk The World Universe at https://walktheworld.com.au/
The Fed has to balance full employment and stable prices. Today we got the signal that the latter rather than the former is now set to take centre stage. This is significant, to say the least when market values are bloated thanks to money printing, and inflation fears are rife – despite the unknowable impact of Omicron. This is significant for the US and global markets, as well as our own.
Federal Reserve Chair Jerome Powell comments on Tuesday before the Senate Banking Committee, where both Democrats and Republicans expressed concerns about high prices, were taken as a hawkish pivot by financial markets that could deliver sooner-than-expected increases in interest rates next year.
Go to the Walk The World Universe at https://walktheworld.com.au/
Today’s post is brought to you by Ribbon Property Consultants.
If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.
Buying property, is both challenging and adversarial. The vendor has a professional on their side.
Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.
Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.
Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.
We look across the latest stats on credit, the economy, property and rental prices and construction.
Go to the Walk The World Universe at https://walktheworld.com.au/
Join us for a live Q&A as I discuss the state of the financial markets, and how derivatives like options are influencing the dynamics of what is going on with Michael Cornips Founder and Managing Director of Emerald Financial, a financial services firm founded in Melbourne in 2005.
You can ask a question live via the YouTube Live Chat!
https://www.emeraldfinancial.com.au/
As the northern hemisphere falls towards winter, the economic signs are not promising.
The world economy is approaching the northern hemisphere winter in disarray, unable to shake off the coronavirus crisis amid persisting supply disruptions, soaring prices and resurgent outbreaks.
Global surveys of purchasing managers this week are likely to point that way. Among the outcomes anticipated by economists are slowing manufacturing and services activity throughout the euro zone and the U.K., and only modest improvement in the U.S.
Go to the Walk The World Universe at https://walktheworld.com.au/
This is an edited version of our latest live Q&A as I discuss the intersection of Politics and Economics with Professor Steve Keen (he has just released a new book) and the Founder of the New Liberals Victor Kline.
Go to the Walk The World Universe at https://walktheworld.com.au/