Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
I had a visit from David Llewellyn-Smith from MacroBusiness and Damien Klassen from Nucleus Wealth and Walk The World Funds. We recorded a discussion on some of the underlying drivers behind the economy.
Go to the Walk The World Universe at https://walktheworld.com.au/
In today’s show we look at some the latest developments in the digital finance space against the latest economic news.
First American consumers — the U.S. economy’s main engine — showed little hesitation on spending last month despite the fastest inflation in three decades, setting up the economy for a year-end growth spurt.
Purchases of goods and services, unadjusted for changes in prices, increased 1.3%, the most since March, the Commerce Department said Wednesday. Even after accounting for higher prices, spending still exceeded projections in a sign that consumers started their holiday shopping early.
Jerome Powell of course has been renominated to lead the Fed. One factor to consider is the potential impact on digital currencies. In fact. Powell appears to deliberately avoid the central bank digital currency (CBDC) hype, despite many other central banks pushing hard for CBDCs. He consistently splashes cold water on that idea. Given the benefits the US gets from the US Dollar as global reserve currency, this perhaps symbolizes a break with globalist interests in favour of American banking interests.
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.
Ahead of the US holidays, we now know Jerome Powell will still be heading the Fed with an inflation noose round his neck, more Oil is being pulled from strategic stockpiles, while the global supply chain machine continues to stutter from queuing ships trying to unload, a shortage of pallets and containers, trucks, warehouse space and drivers. No surprise then that bonds rates rose, tech stocks dopped and bank stocks lifted.
Meantime in New Zealand, they listed the cash rate again. The Monetary Policy Committee agreed to raise the Official Cash Rate (OCR) to 0.75 per cent. The Committee agreed it remains appropriate to continue reducing monetary stimulus so as to maintain price stability and support maximum sustainable employment.
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 Q&A as I discuss the state of the financial markets, and how derivatives like options are influencing the dynamics of what is going on with Michael Cornips Founder and Managing Director of Emerald Financial, a financial services firm founded in Melbourne in 2005.
You can ask a question live via the YouTube Live Chat!
https://www.emeraldfinancial.com.au/
New data highlights the housing affordability issues across Australia, and another major bank comes out with a forecast fall in home prices ahead. Things in property are getting interesting. So I am now waiting for the next Government response – how about yet more first time buyer bribes, or financial support direct to developers? With an election in the wind, the Government will want to find some way to prop up the market for the next few months, before a later collapse. So expect more unnatural acts ahead – unnatural from an economic and social perspective but unfortunately totally logical from a win at all costs, never mind the price attitude we have seen from this Government.
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.
In my latest chat with our property insider Edwin Almeida, we look at the change in the property weather, as prices are on the turn, the mythology of migration, and discuss why fire alarms which work are so important!
https://www.ribbonproperty.com.au/
Go to the Walk The World Universe at https://walktheworld.com.au/
In today’s show we look at the latest inquiry into Banking, which is looking at how regional areas in Australia are and should be supported. Whilst the short-hand answer might appear to be go on-line, the truth is connectivity in many areas is still shaky, some services still need face to face interaction, yet banks are shutting branches and removing ATMs, in an attempt to drive down costs. There has been a 24 per cent fall in regional bank branches over the last four years, and this does not count the increasing number only open for a few hours a week.
You can make a submission for the next month or so. https://treasury.gov.au/consultation/c2021-222961
I discuss with Robbie Barwick from The Citizens Party.
https://www.theregional.com.au/post/big-four-banks-casting-a-dangerous-shadow-in-regional-australia
https://www.theregional.com.au/post/why-i-counted-every-bank-in-regional-australia
https://www.theregional.com.au/closure-update-first-half-2021
Go to the Walk The World Universe at https://walktheworld.com.au/
As the northern hemisphere falls towards winter, the economic signs are not promising.
The world economy is approaching the northern hemisphere winter in disarray, unable to shake off the coronavirus crisis amid persisting supply disruptions, soaring prices and resurgent outbreaks.
Global surveys of purchasing managers this week are likely to point that way. Among the outcomes anticipated by economists are slowing manufacturing and services activity throughout the euro zone and the U.K., and only modest improvement in the U.S.
Go to the Walk The World Universe at https://walktheworld.com.au/
Australia’s biggest bank is suggesting people should team up together to buy property to relieve the affordability problem, and they offer a particular structure to do this. However, the risks of this approach are considerable – even worse than using the Bank of Mum and Dad, and their justification is tenuous give the small survey they are basing their releases on. A classic example of buyer should beware.
Housing affordability is a structural issue created by 30 years of bad policy. The approach of encouraging more people to borrow, despite the risks is concerning, and it does nothing to tackle the real underlying issues.
Personally I think it is irresponsible!
Go to the Walk The World Universe at https://walktheworld.com.au/
In today’s show we have a brief look at the markets as the contention between inflation fears, rates rises and more lock downs rose to fever pitch – pun intended. The markets are still banking on more Central Bank support.
So the NASDAQ Composite Index closed above the 16,000 mark for the first time on Friday, in its second-straight record finish, while the Dow succumbed to its fourth losing session in the last five. The Dow Jones Industrial Average’s second-successive weekly loss wiped out the last of its November gains, extending the index’s drop from a Nov. 8 record high.
Go to the Walk The World Universe at https://walktheworld.com.au/