Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
I chatted with Patricia Karvelas this morning on RN Breakfast, Why many households won’t cope with higher interest rates.
Nothing new, but I was able to contextualize the mortgage and home price issue. Years of poor policy and regulation. Should have come as no surprise.
Go to the Walk The World Universe at https://walktheworld.com.au/
Research from Consumer NZ highlights the role of the Bank of Mum and Dad in New Zealand, in parallels similar to those already seen in our research in Australia.
Many kids can only get into property thanks to inter-generational wealth shifting, and in some cases this is also putting parents under financial pressure. This is a sign on long term property failure.
Economist John Adams and Analyst Martin North examines the latest CPI figures, and importantly considers the consequences for households and RBA policy.
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The latest from our property insider Edwin Almeida, as discuss the latest in price trends, under-quoting, and migration. And some great tips on how to address auctions.
https://www.ribbonproperty.com.au/
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Wall Street ended sharply lower on Tuesday, with the NASDAQ closing at its lowest since December 2020 as investors worried about slowing global growth and a more aggressive Federal Reserve.
China’s COVID-19 led lock-down and an aggressive pivot by major central banks to fight inflation have overshadowed what has been a better-than-expected quarterly earnings season so far. Specifically, the fear spreading through financial markets reflects lower growth projections for China, the world’s second largest economy.
“I think with where the market is right now, in this indiscriminate selling and fear phase, I think you’ve got more potential for downside risk than you have for an upside surprise”
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The latest data from the ABS reveals that The Consumer Price Index (CPI) rose 2.1 per cent in the March 2022 quarter and 5.1 per cent annually, according to the latest data from the Australian Bureau of Statistics (ABS).
More importantly, non discretionary costs were up 6.6% – things you have to buy. So this underscores the issues households are facing. Expect more pressures ahead, and upcoming RBA rate hikes.
Go to the Walk The World Universe at https://walktheworld.com.au/
In early 2021, Adams and North covered in a few episodes a series of problems with unallocated and pool allocated silver and that such products are little understood by retail investors.
During the course of March and April 2021, Adams was active on social media and YouTube calling out the problems with unallocated and pool allocated products. Adams’ criticism moved beyond Perth Mint and targeted other companies such as Kitco Metals Inc. – Canada’s largest bullion dealership.
In late April 2021 (a year ago), Kitco through their Sydney based lawyers Dentons – sent a Cease and Desist notice and thus a legal battle ensued. This show brings the audience up to date with this because this was a hot topic last year and some members of the audience contributed to a legal defence fund that he had set up.
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.
European stocks slid to a one-month low and commodity prices dropped on Monday on renewed concerns about rising interest rates and China’s sputtering economy, while Wall Street shares rose, reversing losses after Twitter agreed to be bought by billionaire Elon Musk.
Fears over China’s COVID-19 outbreaks spooked investors already worried that higher U.S. interest rates could dent economic growth. U.S. shares were lower throughout most of the session, extending last week’s sharp declines.
The Dow cut losses to close higher Monday as dip-buying in tech stocks ahead of a crucial week of quarterly results for big tech steadied the broader market just as global growth worries returned.
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Join us for a live discussion as I explore the latest in market trends with Damien Klassen from Walk The World Fund and Nucleus Wealth. Given the current market gyrations, there will be plenty to discuss!
You can ask a question live.
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Those following my channel will know of the modelling which shows the strong link between credit availability and home prices. We know that when credit is tight, and the rate of change in credit is negative, home prices fall. And we are seeing this in spades now in New Zealand.
So today I want to explore some markers in New Zealand, and why property will fall further and faster.
Go to the Walk The World Universe at https://walktheworld.com.au/