In today’s show we look at the implications of the stronger CPI number for the RBA Cash Rate, what banks are doing to prepare for higher rates, and what Canada already has in play. Plus some data on regional migration which confirms our own surveys.
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.
In today’s show we look at the latest rental data which underscores the pressure many renters are under, examine the last gasp borderline mortgage applications being rushed through before APRA’s tighter rules come in next week, and we look at the comprehensive credit reporting regime, and why people want it further expanded.
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.
The Consumer Price Index (CPI) rose 0.8% this quarter. Over the twelve months to the September 2021 quarter, the CPI rose 3.0%. The most significant price rise were for New dwelling purchase by owner-occupiers (+3.3%) and Automotive fuel (+7.1%).
Join us for a live Q&A as I discuss the latest from the investment market with Damien Klassen Head of Investments from Walk The World Fund and Nucleus Wealth. Is the outlook inflationary or deflationary? Are rates set to rise and will markets correct or charge higher? https://nucleuswealth.com/
In today’s show we look at how banks are debanking some of their customers, the formal end of CBA’s Dollarmite scheme, and how digital nudges are being used to influence us. Plus insights about the upcoming so-called great resignation.
This is 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.
My latest chat with our Property Insider, Edwin Almeida. As listings rise, what is it doing to the market, and are people still looking at QLD as a safe harbour? And whats the story with high-rise?
In today’s show we look at the latest property price forecast from some of the major banks, which signal potential easing momentum ahead, plus we look at the issue of reduced housing affordability with the prospect of higher mortgage rates. And the big unknown is how APRA and RBA will tune their macro-prudential measures ahead. And is negative gearing still under threat?
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.
We need to think ahead as to how Digital Identity, Central Bank Digital Currency and Programmable Money will interact, and ask the all-important question are we comfortable with these developments. Who is in control, and to what extent will we really be able to opt out?
CONTENTS
0:00 Start 00:15 Introduction 01:05 Should A CBDC Be Programmable? 03:55 We Already Have Directed Spending 05:09 BasicsCard and Cashless Debit Card 08:22 Tracking Transactions and Directing Payments 09:00 Digital Euro 09:45 Digital US Dollar 10:45 The Bitcoin Proxy 11:10 China CBDC Pilot and Social Score 19:10 Current Digital Identity Consultation 21:58 Current Issues 22:45 27th October Deadline 23:00 Summary and Conclusions
As I reported earlier in the week a Senate inquiry has recommended that Treasury should lead a policy review of the viability of a retail central bank digital currency in Australia. This is something the Reserve Bank of Australia has been reluctant to entertain given it could increase the likelihood of a run on commercial bank deposits in a crisis. In fact, the RBA has been focussing on Commercial orientated CBDC pilots. But the Senate committee has asked Treasury to study the case for creating a retail ‘central bank digital currency’ to compete with private currencies being created by tech companies.
But what are we really getting into here? Well, back in June The Bank of England called on ministers to decide whether a central bank digital currency should be “programmable”, ultimately giving the issuer control over how it is spent by the recipient.
I suspect many will be totally unaware of Australian Digital Identity Programme and the current inquiry which is running. You have until 27th October to make a submission.
But my point is, say the Government gave you an account at the Reserve Bank, for digital currency, but to access it you needed a Digital ID, and the funds were programmable. Not only would spending be tracked, but certain types of transactions could be encouraged or restricted. Combined the Governments tentacles of control would be extended, and our liberties further eroded.
My worry is that we may be heading for an Aldous Huxley’s, Brave New World which will be controlled by the central planners. Even as we speak, the components are being strung together. So time to have your say.
In today’s show we look at the market action this week, as the tensions between strong if patchy corporate results, on one hand, while inflation risks and contagion risks from the China property sector are pulling the other way.
China Evergrande Group pulled back from the brink of default by paying a bond coupon before Saturday’s deadline, giving the property giant at least another week to come to grips with a debt crisis that has rattled investor confidence in the world’s second-largest economy.
But Investors are increasingly concerned higher cost pressures and global supply-chain bottlenecks will push the Fed to raise interest rates faster than expected. Yet a relatively solid start to the earnings season offset those fears with the benchmark S&P 500 topping a record on Thursday.
Then US equities fell on Friday in New York after the chairman of the Federal Reserve signalled some concern about inflation.
The latest edition of our finance and property news digest with a distinctively Australian flavour.
CONTENTS
0:00 Start 00:19 Introduction 01:15 US Markets 02:05 Powell Time To Taper… 03:05 Snap and Tech falls 04:30 GDP Falling 07:00 Inflation Expectations 08:00 Yields 08:45 Financials Up 10:00 Crude prices and supply 10:55 Europe 12:20 Evergrande Update 19:20 Asian Markets 19:50 Australian Markets 20:20 RBA Vs Markets 22:34 Market movements 25:13 Bitcoin, ATMs, Futures, 28:30 Summary and Close
Go to the Walk The World Universe at https://walktheworld.com.au/