Fed Chair Powell gave an address overnight which set the markets running higher. The FED will lift rates further but perhaps more slowly. The markets liked that with the Dow moving into bull territory.
And in Australia, ANZ has up forecast future rates here, higher for longer.
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More from Senate Estimates with Senator Rennick asking some important questions of the RBA Governor about how the Bank operates, and its accountability.
Go to the Walk The World Universe at https://walktheworld.com.au/
This is an edited version of a live discussion about the financial markets with Damien Klassen, Head of Investments at Nucleus Wealth and Walk The World Funds.
We discussed the recent rises in the markets, and whether they are sustainable, policy errors, China, property prices, crypto and investing strategy.
Go to the Walk The World Universe at https://walktheworld.com.au/
This is an edited and updated version of a show originally posted on “In The Interests Of The People”, with Economist John Adams and I discussing the current ASIC inquiry being run in the Senate.
There were some answers provided last week to questions on notice about ASIC’s conduct in terms of trying to lobby to stop the inquiry.
But in late breaking news, and not covered in the earlier show, further questions and answers were posted late last Friday evening (putting the trash out?) demonstrating just how unwilling the Corporate Regulator is in terms of disclosure. Is this contempt?
The earlier IOTP show, where we also discuss how Crypto plays into this, is available here. https://youtu.be/JPoOyV3Mvis
Go to the Walk The World Universe at https://walktheworld.com.au/
Another Friday canter through Tarric’s latest slides, as we look at the disconnect between monetary policy and real life. Is Australia somehow different?
Charts are here: https://avidcom.substack.com/p/charts-that-matter-25th-november?sd=pf
Go to the Walk The World Universe at https://walktheworld.com.au/
What if the RBA’s monetary policy is too weak? Perhaps we are not as exceptional, and we may be following parallel tracks to those in New Zealand and The Federal Reserve. How different are we really?
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.
The latest edition of our finance and property news digest with a distinctively Australian flavour.
In another wild week, where FED speak on one hand, and hopium on the other drove markets all over the show, the Dow ended higher on Friday as investors weighed up further hawkish remarks from Federal Reserve officials, and the latest wave of quarterly results from retailers. Looking to the shortened trading week ahead, the Fed’s minutes from its October meeting will garner investor attention for clues on the central bank’s thinking on monetary policy.
Chief Hawk, St. Louis Fed President Bullard said this week that “Thus far, the change in the monetary policy stance appears to have had only limited effects on observed inflation,” in an analysis by the St. Louis Fed that debated the appropriate rate regime for the central bank after six increases since March.
CONTENTS 0:00 Introduction 0:40 US Monetary Policy
4:15 US Markets
6:00 Oil 12:22 Gold 15:20 Europe and UK
18:00 ECB Monetary Policy
21:10 Asia 25:02 Australia
27:30 Crypto Winter 28:10 Close
Go to the Walk The World Universe at https://walktheworld.com.au/