Steve Keen, the controversial economist, and I caught up for another discussion on debt, why big debt is a problem, what could be done and more broadly what this says about our leaders and economists in general. And then we turn to the greatest moral challenge of our time!
The latest edition of our finance and property news digest with a distinctively Australian flavour. We look at the latest employment data, mortgage rate hikes, problems with loan processing during COVID, NAB’s acquisition of Citi In Australia, and international money transfer services.
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.
Go to the Walk The World Universe at https://walktheworld.com.au/
The latest edition of our finance and property news digest with a distinctively Australian flavour.
In today’s show we look across the global markets, and read the runes of what’s going on. Despite the rising Delta case load, markets are looking through this potential risk, reacting tor recent company results, and jobs growth which occurred pre-Delta. The glass is, as they say half-full!
CONTENTS 0:00 Start 0:15 Introduction 0:45 US Markets 1:20 US Jobs Strong 2:00 Will the FED Taper? 7:10 US Treasury Yields and Banks 7:50 Oil Prices 9:15 FED Balance Sheet 10:14 Tech Stocks Fall 10:49 Euro Zone and UK Markets 11:10 London Stock Exchange Booms 12:20 Bank of England Monetary Policy 14:38 Results In Europe 16:12 UK Takeovers 18:27 Asia – China 19:19 Japan 20:05 Australian Markets 22:28 Monetary Policy SMP 26:10 New Zealand Employment 27:00 Bitcoins Short Squeeze 28:34 RBA on House Prices (Not Their Problem) 30:50 Conclusion
Go to the Walk The World Universe at https://walktheworld.com.au/
We look at the latest from the FOMC and press conference.
The Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent and expects it will be appropriate to maintain this target range until labor market conditions have reached levels consistent with the Committee’s assessments of maximum employment and inflation has risen to 2 percent and is on track to moderately exceed 2 percent for some time.
Last December, the Committee indicated that it would continue to increase its holdings of Treasury securities by at least $80 billion per month and of agency mortgage‑backed securities by at least $40 billion per month until substantial further progress has been made toward its maximum employment and price stability goals.
According to the IMF the recovery is not assured until the pandemic is beaten back globally. And the COVID game is far from over.
In its latest Global Outlook, The International Monetary Fund maintained its outlook for the biggest rebound in global economic growth in four decades while changing underlying regional forecasts, with unequal access to vaccines further widening the recovery gap between advanced and developing economies.
Go to the Walk The World Universe at https://walktheworld.com.au/
The latest edition of our finance and property news digest with a distinctively Australian flavour.
In today’s show we look at the latest CPI data for the June 21 quarter, reflect on NSW’s booming stamp duty take, visit Westpac’s thoughts on future property price movements, and also look at soaring construction costs, and a recent report which says that Australia’s heavy reliance on export of fossil fuels made the nation’s economy extremely vulnerable to changes in other markets’ emissions policies under the current settings.
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.
In the latest of our series on Asbestos, we consider how many lives have been lost to asbestos-related diseases in Australia and beyond. The scale of these fatalities may astound you.
Data was provided by Asbestos Awareness Australia, and the report is available for download here:
We suggest the asbestos industry, other corporations, governments, and other agencies have done their utmost to cover-up or suppress these death count. Many from among the monied and political interest groups know that public knowledge about the continuing mass deaths caused by legacy asbestos could have profound consequences, including community unrest and strident calls for action.
Go to the Walk The World Universe at https://walktheworld.com.au/
Using data provided by Asbestos Awareness Australia we examine the dynamics of research economics, and highlight how politics and profit distorts investment and thus medical progress. If a particular disease is presented as “an old man’s disease”, a “working class disease”, funding is less likely to be provided. Plus the industry has a track record of financing “experts” if they tow the right lines. Full report is below.
In today’s post we look at the latest construction data, examine the “two camps” in the real estate market, who might get mortgage relief during the lock-downs as Victoria joins the party, revisit the New Zealand situation with forecasts of home price falls in the light of the latest CPI, and finally look at the upcoming US Debt Ceiling and how that may play out, and in to the broader questions about inflation.This post is supported 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.
Go to the Walk The World Universe at https://walktheworld.com.au/