Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
I caught up with Roger Brown, @bankcustomers on Twitter, to discuss his perspective on the mortgage industry, and what has driven it over the past decades.
As an experienced business man, his insights are gold, but the banks will not like them. The future of the banking system and financial stability may be at stake.
How poor policy finally coming home to roost.
Go to the Walk The World Universe at https://walktheworld.com.au/
This is an edited version of a live discussion as I explore the latest economic and financial news with Leith van Onselen, Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Go to the Walk The World Universe at https://walktheworld.com.au/
In the wake of the 50-basis-point interest rate hike by an increasingly hawkish Federal Reserve, markets have gyrated wildly ahead of this week’s U.S. economic data, which will be closely parsed for signs that inflation is peaking. But is that likely?
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.
Join us for a live discussion as I explore the latest economic and financial news with Leith van Onselen, Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
You can ask a question live.
Go to the Walk The World Universe at https://walktheworld.com.au/
Edwin and I were joined by George Rousos from ITC to discuss the state of the Real Estate industry, and the proposal to lobby for a Royal Commission into the industry.
Here is a link to the Get-Up Petition: https://me.getup.org.au/petitions/a-royal-commission-into-real-estate-practices
We also discussed the current state of play in terms of listing numbers, the the potential for higher migration after the election.
Go to the Walk The World Universe at https://walktheworld.com.au/
My latest household stress analysis and mapping, as the numbers go off the dial. We also look at the most stressed electorates ahead of the upcoming election.
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.
I discuss the announced housing policies from the two major parties with Steve Mickenbecker from Canstar. Are they worth the paper they are written on?
Steve Mickenbecker is in Canstar’s Group Executive Team, bringing more than 30 years of experience in the Australian financial services industry. As a financial commentator for Canstar, Steve enjoys sharing his expertise across topics such as home loans, superannuation, insurance, mortgages, banking, credit cards, investment, budgeting, money management and more.
https://www.canstar.com.au/team-members/steve-mickenbecker/
Go to the Walk The World Universe at https://walktheworld.com.au/
The fact is the RBA has been off the pace in terms of forecasts, and strategy, and as a result they are not lifting rates into a slowing economy to try to tackle inflation which they partly created.
In addition, the latest Statement on Monetary Policy shows real wages are set to decline over the next couple of years, while overall growth will decline, despite a (artificially) low unemployment rate.
Time for a proper review of the RBA – how do we make the Governor and his team more accountable. Being embarrassed is not enough!
Go to the Walk The World Universe at https://walktheworld.com.au/
In today’s weekly review we look at the markets and muse on whether the inflation and rate adjustments driven by changes in Central Bank policy will precipitate a soft or hard landing. Some say the U.S. Federal Reserve’s effort to tame inflation with aggressive interest-rate hikes mean that a recession is inevitable, leading to a plunge in stock prices this year. Others, like Jeremy Zirin, senior portfolio manager and head of private client U.S. equities at UBS Asset Management says a soft landing is still possible. Possible yes, but is it plausible we ask?
What we do know is that the S&P 500 Index fell for a fifth consecutive week, which its longest losing streak in more than a decade, after April’s US jobs data bolstered the case for the Federal Reserve to continue to lift interest rates.
And the Dow posted its sixth-weekly loss Friday, as a better-than-expected monthly jobs report kept fears about an inflation-led slowdown in the economy front and center at a time when expectations of more aggressive Federal Reserve policy tightening continue to heat up.
Go to the Walk The World Universe at https://walktheworld.com.au/
The use and availability of cash, and other banking services – especially in Regional Australia is a critical issue, and one which needs to be on the table in the current political campaigning. We know that banks have been withdrawing their services and closing branches, and that this can spell terminal decline for the surrounding area.
So the question is, how to address the decline and give local economies a boost? I am joined by Alexis Garnaut-Miller the Citizens Party Candidate for Cunningham (NSW) and Robbie Barwick Citizens Party Candidate for Victoria.
We discussed the cash ban, the need for a National Bank, and how this can be established via the Post Office Network. And we highlighted the questions to ask the candidates to test out if they understand the importance of the issue and whether they have an established policy.
We also mentioned The Regional, Dale Websters excellent work in tracking the disgusting removal of bank branches. Visit her site too! https://www.theregional.com.au/
Go to the Walk The World Universe at https://walktheworld.com.au/