Category: Politics

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…

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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!

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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

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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/

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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?

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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

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A Major Victory: Regional Bank Closures Now Under Senate Review!

Thanks to Senator Rennick, and others, the Senate agreed to an Inquiry into the closure of Regional Bank Branches, the first in nearly 20 years.

So, there will be a chance for regional communities to make submissions and the Senate should write to the Banks to ensure they hold off on further closures pending the December report deadline.

Thanks to Dale Webster from the Regional for her article on this important matter.

Democracy in action….

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Rate Rise Endgame? With Tarric Brooker

Today’s afternoon chat with journalist Tarric Brooker focuses on the question of whether inflation is really falling, or whether the markets are misreading the data streams.

You can follow along with Tarric’s slides at: https://avidcom.substack.com/p/charts-that-matter-3rd-february/

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Its Time To Regulate BNPL Properly!

The current Treasury review of Buy Now Pay Later lending highlights the contentions around the issue. Those with existing Credit Licenses of course argue that BNPL providers should also play on the same level playing field.

Many under financial stress are reaching for BNPL and some are ending up paying high effective interest rates. APRA changes also shape the game.

The sector does need proper regulation. Will the Government cave or stick?

http://www.martinnorth.com/

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You Asked, We Answered: With Tarric Brooker

Journalist Tarric Brooker and I chew over a range of audience questions in out Friday session today, from property prices and monetary policy to China demographics.

Thanks to all those who sent in questions. Tell us what you think of this format.

https://avidcom.substack.com/p/charts-from-dfa-q-and-a-january-20th

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