Author: Martin North

Martin North is the Principal of Digital Finance Analytics

Employment Numberwang 2.0

TV show That Mitchell and Webb Look included many recurring sketches, including Numberwang which is a “maths quiz” game show in which two contestants, Simon and Julie (Paterson Joseph and Olivia Colman), call out numbers until the host (Webb) declares “That’s Numberwang.” The rules of the game are left completely unexplained to the viewer, and appear to follow no logic whatsoever, to the point that sometimes the gameplay contradicts itself (for instance, a character giving an answer which is deemed wrong, immediately followed by another character giving the exact same answer which is deemed correct.) Despite this, all character’s onscreen act as though the rules are clear and obvious.

I think the ABS employment data, out today follows the same rules. according to figures released today by the Australian Bureau of Statistics (ABS) the national underemployment rate increased by 0.3 percentage points to 9.5 per cent in October 2021.

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

Pop Goes The Inflation Weasel – The DFA Daily 11 Nov 2021

Like it or not the shadow of inflation continues to cast a long shadow over the markets and the economy. No surprise then that Wall Street lost ground on Wednesday as surging consumer prices fueled fears of a longer-than-expected wave of heightened inflation. As a result, all three major U.S. stock indexes were in negative territory, extending their losses and adding to Tuesday’s sell-off which snapped the S&P 500’s and Nasdaq’s eight-session runs of all-time closing highs.

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/

Inflation Fears To The Fore: DFA Daily 10th Nov 2021

In today’s show we check in on US markets as new economic data suggests to some that inflation may be peaking. Then we look at the NAB results, where margin compression is actually the main story, consider how Blockchain may impact property, and whats expected from today’s Chinese data on inflation, which is running hot.

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/

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.

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

So Bank Deposit Robbery IS Legal!

We look at the recent EU ruling which confirms that Bank Deposit Bail-In is totally legal. Why am I not surprised?

https://cyprus-mail.com/2021/10/20/crucial-decision-on-2013-banking-crisis-on-hold/
https://nomadcapitalist.com/finance/offshore/your-bank-account-is-no-longer-sacrosanct/
https://www.rbnz.govt.nz/regulation-and-supervision/banks/open-bank-resolution

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

Boom Times Maybe, But We’ll Feel The Squeeze: Market Update 6th Nov 2021

The latest edition of our finance and property news digest with a distinctively Australian flavour.

In today’s show we review the weeks action on the markets, as stock reach new highs in the light of dovish comments from several central banks, which took some of the tops off bonds, and cast inflation fears in a fresh light, despite the fact that the costs of many things are rising due to the supply chain issues.

The major US indices ended the week at record highs Friday as a better-than-expected monthly jobs report and positive Covid-19 treatment news triggered a sea of green across Wall Street.

CONTENTS
0:00 Start
0:18 Introduction
2:00 US and Labor Data
7:00 Europe
9:56 Asia
10:37 Australia
17:05 RBA Statement On Monetary Policy
19:35 Crypo ETF
22:06 New York Crypto Hub?
24:30 Brazil Crypto Motion
26:20 Latest Prices
28:38 Summary and Close

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

CO₂ Snap Back Confirms Case For Action

We look at an article in The Conversation.

“Global carbon dioxide emissions have bounced back after COVID-19 restrictions and are likely to reach close to pre-pandemic levels this year, our analysis released today has found.

The new numbers vividly illustrate the global challenge posed by decades of delayed climate policy and investment. To meet the 2050 goal of the Paris Agreement, which calls for limits to warming temperatures, nations would now have to cut emissions every year by an amount greater than the combined carbon output of Germany and Saudi Arabia.

The troubling finding comes as the COP26 climate talks continue in Glasgow in a last-ditch bid to keep dangerous global warming at bay. The analysis was undertaken by the Global Carbon Project, a consortium of scientists from around the world who produce, collect and analyse global greenhouse gas information.

The fast recovery in CO₂ emissions, following last year’s sharp drop, should come as no surprise. The world’s strong economic rebound has created a surge in demand for energy, and the global energy system is still heavily dependent on fossil fuels”.

https://theconversation.com/global-emissions-almost-back-to-pre-pandemic-levels-after-unprecedented-drop-in-2020-new-analysis-shows-170866

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

And Now The Hangover….

In today’s show we look at the change of direction we are seeing from Central Banks, what markets are thinking about ongoing support, and what risks are now flowing from the massive and sustained liquidity injections we have seen since the GFC and more recent times.

But now we are starting to see the cracks come through, as mortgage rates rise, and the risks to property values grow – even one bullish commentator is going bearish, saying when rates rise, as they will, prices will fall significantly.

The hangover is going to be a BIG one!

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.