Martin North – Page 155 – Digital Finance Analytics (DFA) Blog

The RBA’s Crypto Warning…

The RBA’s head of payments, Tony Richards, said the value of many cryptocurrencies, which have surged to $US2.6 trillion, could crash when central banks decide to assert control over their monetary systems.

He has warned users and investors in fad-fuelled cryptocurrencies such as bitcoin they risk holding speculative assets with “niche” uses that could lose most of their value.

https://www.rba.gov.au/speeches/2021/sp-so-2021-11-18.html

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The Twilight Zone Between Inflation and Lock-downs Haunt The Markets

I am old enough to remember the 1970’s when central bankers were claiming inflation was temporary, before it took off into the teens and beyond. While I am not suggesting history will repeat, we can see the weird dynamic, with greed driving markets one way, inflation fears pulling in a different direction, and renewed lock-downs in some places adding to the uncertainty.

Global markets have surged during the pandemic, fueled by massive stimulus that has also stoked profits at banks such as Goldman. Concern is now rising that accelerating inflation will pose a challenge to a sustained recovery as central banks may be forced to raise interest rates in response.

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.

Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.

FINAL REMINDER: DFA Live 8pm Sydney Tonight: Steve Keen And Victor Kline On Economics And Politics

Join us for a live Q&A as I discuss the intersection of Politics and Economics with Professor Steve Keen (he has just written a new book) and the Founder of the New Liberals Victor Kline.

You can ask a question live via the YouTube chat feature. I also made a short introductory show about what I hope to explore. This is an important episode.

The Never-Never Evergrande!

Well, the China Evergrande saga rumbles on, as the ramifications of an easing Chinese property sector play out. Bloomberg reported that some China Evergrande Group bondholders received an overdue interest payment shortly before the expiry of a grace period, buying more time for the debt-stricken property developer as it tries to raise cash through asset sales. The shares were up nearly 10% on Friday to 2.78, well off recent lows, but then if you take a longer – say 6th month view then the story is rather different. Still on the mat. Though I still see some analysts saying both bonds and shares are a distressed bargain… we will see.

Certainly. certain holders of the 9.5% dollar note maturing in 2024 received notification they had been paid last Thursday. Evergrande skipped an interest payment due Sept. 29, starting the clock on a 30-day grace period before investors could declare a default. It’s the second time this month that the debt-stricken property developer avoided default.

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

APRA Adds A Little Late Spice To Its Mortgage Wet Lettuce!

APRA released their Macro-prudential Framework for consultation. We look at their approach, and consider the implications. Spiced wet lettuce comes to mind!

https://www.apra.gov.au/news-and-publications/apra-sets-out-framework-for-using-macroprudential-tools-to-promote-financial

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/