An update about the future of IOTP – We will be back!!
Author: Martin North
Martin North is the Principal of Digital Finance Analytics
The Government Wants You To Live Off Your Assets In Retirement…
New rules are coming in in July, which turns the focus on income generation from superannuation savings, and the access to reverse mortgages in being expanded. Both of which are examples of the Government pushing people to consume their capital in retirement, rather than it being seen as assets for their estate. The implications are profound, and not well understood.
Yet this is a big sector of the market, and fintechs are knocking on the door, for good or ill.
Go to the Walk The World Universe at https://walktheworld.com.au/
The Unequal Relationship Between Mortgage Holders And Their Banks…
Like it or now, Banks hold all the cards if a mortgage holder gets into financial stress. So what are the signs to look for, and how can we avoid getting trapped. I discuss this important issue with Robert Elftmann who has successfully negotiated numerous mortgage disputes with banks and in the best interest of the borrowers since 2010.
Robert is in no way connected or affiliated with the banking industry and is acting independently.
https://www.mortgageresolution.com.au/
Go to the Walk The World Universe at https://walktheworld.com.au/
Making Sense Of The Senseless?
The latest edition of our finance and property news digest with a distinctively Australian flavour.
Go to the Walk The World Universe at https://walktheworld.com.au/
In our latest market update we scan the markets as usual, and it seems to me, finally the markets are beginning to wake up to the huge downside risks which are inherent in an over-valued inflation driven, conflict strewn environment. And it is worth remembering that many “professional” investors earn money facilitating the trades of other investors, so they still have a vested interest in talking the markets back, or higher. For now, there is no reason to think the dip is over.
Indeed, Wall Street fell at the end of a volatile week on Friday as the war in Ukraine overshadowed an acceleration in U.S. jobs growth last month that pointed to strength in the economy. Equities briefly rebounded from session lows in early trading after stronger-than-forecast American jobs data. The greenback rose to the highest level since 2020 and Treasury 10-year yields slumped to 1.7 per cent.
So, stocks dropped, while the dollar climbed with bonds as concerns that war risks are intensifying roiled markets around the globe. Commodities pushed higher amid fears of supply crunches, heading toward their biggest weekly surge since the 1974 oil crisis.
Cash is King In New Zealand!
The Reserve Bank of New Zealand says its latest survey underscores the need for deliberate changes to the cash system to keep it resilient and efficient while needed and wanted by New Zealanders.
The latest edition of our finance and property news digest with a distinctively Australian flavour.
Go to the Walk The World Universe at https://walktheworld.com.au/
Uncertainty Rules!
Federal Reserve Chair Jerome Powell, in his second day of congressional testimony, told the Senate Banking Committee that the economy was in a sensitive phase.
“In this very sensitive time at the moment, it’s important for us to be careful in the way we conduct policy simply because things are so uncertain and we don’t want to add to that uncertainty,” he told Senate lawmakers on Thursday.
Federal Reserve Chairman Jerome Powell said the upward pressure on inflation was expected to continue for “at least awhile” and flagged the risk that the Ukraine crisis will prolong supply chain problems, which have been a key driver of inflation.
“It is not going to help at all with supply chains, because ships are not being offloaded,”
Fed Chair Jerome Powell noted that the surge in energy prices will likely spill into inflation, and if that shift proved to be lasting, it could put upward pressure at the “margin” to longer-term expectations.
Markets continue to be unsettled as investors pore over developments between Russia and Ukraine and wrestle with the economic outlook against the backdrop of higher rates and perkier inflation.
“Volatility is going to continue to be around and an issue,”
Go to the Walk The World Universe at https://walktheworld.com.au/
Wars + Inflation + Financial Crisis = ?
My latest Friday afternoon chat with Journalist Tarric Brooker, as we explore the latest charts on the economy and more. Current events are getting more wild, to the point that had they been in a Hollywood plot, critics would have panned it. Tarric is @AvidCommentator on Twitter.
Slides here: https://avidcom.substack.com/p/charts-that-matter-4th-march-2022?s=r
Go to the Walk The World Universe at https://walktheworld.com.au/
More First Time Home Buyer “Bribes” Doesn’t Help Anyone…
More bribes for First Time Home Buyers, which actually work AGAINST housing affordability, and are another example of “unnatural acts” to keep the bubble going.
The Tasmanian state government will take over from “the bank of mum and dad” to help young home buyers achieve their dream of owning a place of their own.
The revamped Housing Market Entry Program will mean potential purchasers can buy a home with as little as a two per cent deposit — and the government will kick in up to $200,000 of the purchase price as an equity contribution.
It would mean an eligible applicant wanting to buy a $500,000 home could do so with a deposit as low as $10,000 and a mortgage of $300,000.
“The government will actually provide people with the opportunity to have the government as an equity partner, in the first home, either build or purchase.”
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.
A Final Farewell To Gill….
In appreciation of the many comments of support I have received from the community since Gill died from Mesothelioma a cancer caused by asbestos, here is my final farewell, at her favorite place near our home.
A Hike Into The Storm?
The Federal Reserve two-day meeting will conclude on March 16. Ahead of the meeting, the Fed Chief needs to testify, and the markets will be able to determine if the Fed will increase rates by 25-basis points or even nothing.
The key question is whether the Fed will hike the cash rate in the face of the Ukraine storm – a storm which risks spilling out across Europe and into financial markets, which have already reacted badly as the risks started to dawn.
Hopes that commodity prices had put in a high near the end of last year now appear to have been dashed decisively. At the same time, the point at which raw material prices begin to take headline inflation rates lower is moved further into the future. Economists’ forecasts still call for a peak in inflation some time in the next few months — the Ukrainian conflict looks as though it will delay that peak.
In fact Commodity prices soared the most since 2009 as Russia’s invasion of Ukraine threatens key supplies of energy, crops and metals that were already tight as major economies emerged from the pandemic.
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.