Category: Politics

No Free Market Capitalism Here!

So once again the banks get a helping hand from the FED, and depositors in the US are guaranteed to an unlimited extent. But what of moral hazard?

And the markets now do not expect further rate rises, despite the inflation pressures in play. Yet perhaps there is a bifurcation between liquidity and rates, so perhaps the markets are not reading things right.

And once again the FED and Treasury proved Free Market Capitalism is dead!

http://www.martinnorth.com/

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So Long, And Thanks For All The Fish! – With Tarric Brooker…

Tarric Brooker joins me for my last Friday afternoon chat for a month or so, as I relocate to the UK. For the reasons see here: https://youtu.be/7Nj6N_amn3Y

We discussed a range of viewers questions, for which thanks.

I have genuinely enjoyed my regular chats with Tarric, and rest assured we plan to continue them once I have relocated.

Meantime, you can see the charts on his Substack: https://avidcom.substack.com/p/charts-and-links-from-dfa-q-and-a

http://www.martinnorth.com/

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

The RBA Considered 25 and 50!

The RBA minutes today revealed they considered both 50 and 25 basis points rate hikes at their last meeting – but no thought of holding rates. So it was not a close decision, the RBA turned more hawkish.

And more rate hikes must be expected, while inflation won’t drop into 2-3% range until 2025.

So expect more rate hikes and higher for longer, with a following fall in wealth and output. This all aligned with the Governor’s comments last week to Parliament.

http://www.martinnorth.com/

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

More Crocodile Tears From The RBA!

The RBA Governor was before the Economics Committee in Parliament last Friday. Questions from members were more coherent, but the responses were similar to those in the Senate on Wednesday.

Two points of note were the distribution of debt (and so pain) across the community, and the question of whether the rate of increases mattered more than the end destination.

But I was not convinced by their answers…

http://www.martinnorth.com/

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

When Simple Answers Just Won’t Do!

We are in an era of complexity – yet some claim there are simple answers out there. We think this is untrue. The complexity is real, and some scenarios are very complex. So beware the “simple” solution!

http://www.martinnorth.com/

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

Some Banks Back Down … But: With Robbie Barwick

An update on Regional Bank closures with Robbie Barwick from the Citizens Party. Some news is good but some also bad. So we go through this week’s events.

We also highlight the broader agenda around the future of banking, the role for a National Bank, and reason why the commercial banks are dragging their feet, and disrespecting parliament.

The media finally get on the story – better late than never.

https://gerardrennick.com.au/senate-inquiry-regional-bank-closures/

https://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Rural_and_Regional_Affairs_and_Transport/BankClosures

http://www.martinnorth.com/

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

Questions, Answers, And A Soft Landing (Maybe) With Tarric Brooker…

An early chat with journalist Tarric Brooker this week as we answer viewer questions and share some charts.

Timely – given all the data which is out just now.

http://www.martinnorth.com/

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

DFA Live Q&A: HD Replay Leith van Onselen: Economics Now

This is an edited version of a live discussion about the state of play relating to the Australian economy, housing and finances with Leith van Onselen, Chief Economist at Nucleus Wealth and Co-founder of Macrobusiness.

Where are interest rates headed, and what will the fall out be?

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

Talking About Bank Branch Closures On The Radio…

Bank Branch closures were discussed on ABC Illawarra this morning – and I was able to discuss the policy and practical issues surrounding this important issue in my interview.

It also led the local headlines this morning.

Link to Senate Inquiry: https://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Rural_and_Regional_Affairs_and_Transport/BankClosures

http://www.martinnorth.com/

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