Author: Martin North

Martin North is the Principal of Digital Finance Analytics

When Up Is Down!

Late last week the ABS released their latest lending indicators to end October 2021. There was much rubbish posted about these numbers, with various claims of booming investor loans, but these stats suggest to me a potential easing of new loan momentum, which is an indicator of easing home prices too – because as you know if you watch the channel, the rate of change of credit is one of the best proxies for price changes.

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.

Seeking A Value Anchor With Peter Schiff

Peter Schiff is an American stock broker, financial commentator, and radio personality. He is CEO and chief global strategist of Euro Pacific Capital Inc., a broker-dealer based in Westport, Connecticut.

We discussed the latest ructions of the markets, whether we need Central Banks, and of course the role of gold in the financial system ahead.

Bestselling author and economic forecaster Harry Dent will debate Peter Schiff, American stockbroker, financial commentator, radio personality and the leading gold bug in the US in the ECONOMIC GLOBAL CRISIS DEBATE live online at 11am Tuesday 7th December 2021 with free registration at www.greatdebate2021.com

Both Harry and Peter agree there will be a major financial collapse in 2022however Peter says gold will skyrocket and the US dollar will go down like a hot knife through butter after the imminent biggest market crash in history. Dent argues that gold has no currency value and disagrees about the US dollar going down. He challenges people to take a gold coin to a grocery store and try to buy something with it. Since gold doesn’t circulate throughout the economy, he believes this to be one reason its price will crash.

Safe havens to invest? Dent believes US treasury bonds and quality bonds will become the new safe haven after the economic downturn while Peter sees Gold as the ultimate safe haven.

Go to the Walk The World Universe at https://walktheworld.com.au/

Crypto Is NOT Immune!

We already covered the recent market falls in our show yesterday, but there was not time to cover the market movements in Crypto land. I have suggested that Bitcoin for example, being a pure digital play, with no underlying, is more exposed to volatility in times of uncertainty. So while Gold when nowhere, as markets fell, Bitcoin shed a fifth of its value on Saturday thanks to a combination of profit-taking and macro-economic concerns. This triggered nearly a billion dollars worth of selling across cryptocurrencies.

At one stage Bitcoin was 22% down to as low as $41,967.5 during the session, taking total losses for the day to 22%. It subsequently recovering from the biggest drop in crypto since September 7th and is sitting at 49,038 a mere 7% down.

The broad selloff in cryptocurrencies also saw ether, the coin linked to the ethereum blockchain network, plunge more than 10%.

Go to the Walk The World Universe at https://walktheworld.com.au/

A Case Study In Corporate Capture

More than 4,000 Australians die unnecessarily each and every year due to avoidable exposure to asbestos. Yet inaction from the firms who created the problem, as well as from Governments and regulatory bodies leads to the conclusion this is probably one of the biggest and most intractable corporate scandals in Australia.

Using research from Asbestos Awareness Australia, a registered charity with the objective of raising awareness in the community, we examine how it is that companies driven by greed are able to play the system, while more people die.

The report is available here:

CaptureDownload

The worst form of the disease is mesothelioma, a cancer which has a 5 year survivability rate of just 6.5%, the worst on the cancer scale. And yet, even short-term exposure is sufficient to cause the disease to appear years later, and those doing DIY renovations are most at risk.

Public awareness campaigns are mute, and an estimated more than one third of properties across the country (homes, businesses, and Government buildings (e.g. schools) are exposure sites. In addition to rotting old asbestos, we are still importing products contains this carcinogen.

Reform is long (60 years) over due but because of corporate capture, nothing is changing. This video explains what is going. It is a classic case study.

You can find out more at the charity website https://asbestosawarenessaustralia.com.au/ where you can download a range of reports and videos on this important subject.

A Week Is A Long Time In These Crazy Markets!

This last week could be one that many investors will want to forget, stocks, commodities, currencies, inflation, and the impact the Omicron variant are all in play. Importantly the yield curve is flattening, signalling an increased level of uncertainty, and as we will see, the future could be inflationary, deflationary, or just a muddle ahead.

Then US stocks fell sharply after the November jobs report missed expectations and as more cases of omicron were detected across the globe. The US economy added just 210,000 new jobs last month, well below economists’ expectations for 550,000 new jobs. That was its smallest gain this year…

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/

Corrections, Rates, Steel And Risk: The DFA Daily 3rd Dec 2021

In today’s show we discuss the likelihood of a real market correction, the signs are not good; why monetary policy needs to be tightened, how China is cutting Australia’s steel throat, and risk in the banking system. Four big, but connected themes.

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.

You Are At Financial Risk Unless This Is Fixed….

At least 200,000 Australians have lost money thanks to inadequate regulation by APRA, worth at least $40 billion dollars. I am joined by Robbie Barwick from the CItizens Party as we explore this unfortunate but engineered situation, which has enabled the Government to look away, and ASIC claim it is not their problem , when it is clearly is.

As a result, it is likely more people will experience further losses, not because of adverse market movements, but because of poor or non-existent regulation. This has to change, and the current inquiry is a mechanism to achieve this….

https://www.theregional.com.au/post/what-anyone-making-a-submission-to-australia-s-latest-regional-banking-inquiry-should-know-first

Background Briefing on Nicholas Moore and Macquarie Bank:

https://www.abc.net.au/radionational/programs/backgroundbriefing/biggest-finance-scandal-macquarie-bank-cum-ex/13648602

ABC 730 Should ASIC have acted sooner to protect victims of collapsed housing scheme?

https://www.abc.net.au/7.30/should-asic-have-acted-sooner-to-protect-victims/13655976

CSLR inquiry:

https://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Economics/CompSchemeLastResort

Citizens Party release:

Call to all financial victims: join the fight to make the bankers and their protectors pay!

https://citizensparty.org.au/media-releases/call-all-financial-victims-join-fight-make-bankers-and-their-protectors-pay

Interview with Peter Johnston:

CITIZENS INSIGHT – Nobody is safe in the financial system unless the Government rights this wrong!

Regional Banking Taskforce

https://treasury.gov.au/consultation/c2021-222961

Go to the Walk The World Universe at https://walktheworld.com.au/

The New Zealand Problem Is Our Problem Too!

Home prices in New Zealand have gone through the roof, prompting changes to the Reserve Bank NZ mandate, and changes in monetary policy. But recent Treasury modelling shows how out of touch they are compared with ordinary people as they try to post-rationaise the benefits of high home prices. Not only are they using old data from 2018, but their neo-liberal skirts are showing. And similar distorting thinking is driving policy in other markets too – time for a change of tune!

Go to the Walk The World Universe at https://walktheworld.com.au/

Words Matter In A Fractious Overvalued Market!

The Fed has to balance full employment and stable prices. Today we got the signal that the latter rather than the former is now set to take centre stage. This is significant, to say the least when market values are bloated thanks to money printing, and inflation fears are rife – despite the unknowable impact of Omicron. This is significant for the US and global markets, as well as our own.

Federal Reserve Chair Jerome Powell comments on Tuesday before the Senate Banking Committee, where both Democrats and Republicans expressed concerns about high prices, were taken as a hawkish pivot by financial markets that could deliver sooner-than-expected increases in interest rates next year.

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.