Category: Social Trends

Housing Affordability Crashes!

The latest report on Housing Affordability from ANZ and Corelogic underscores the pressures on Households, and mirrors findings from our own Stress Surveys.

On every metric, affordability has crashed, but then what do you expect from 20+ years of bad policy, ultra low rates and Government incentives? And, no, the answer to all this is not just of offer more incentives to drag people into the market at these high multiples!

Today’s post is brought to you by Ribbon Property Consultants.

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Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.

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The Whipsaw Market Weekly Update

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

In our weekly review, we reflect on a chaotic week in the markets, from stocks, to crypto, even as stocks rallied at the end of the week in financial markets thanks to Federal Reserve Chair Jerome Powell’s reassurance that bigger rate hikes would be off the table for now even after the hot inflation readings of the past few days. Separate comments from San Francisco Federal Reserve president Mary Daly also backed half-percentage point rate increases at each of the central bank’s next two meetings. There is a clue to why we are seeing so much craziness.

After sinking almost 20% from a record and flirting with a bear market, the S&P 500 saw a broad-based rally on Friday. It still posted a sixth straight week of declines — the longest losing streak since June 2011. The NASDAQ 100 outperformed amid a rally in giants like Apple Inc., Microsoft Corp. and Amazon.com Inc.

Meanwhile, Elon Musk caused chaos over his takeover offer for Twitter Inc., first claiming his bid was “temporarily on hold” and then maintaining he’s “still committed” to the deal — sending the social-media giant into a tailspin. Tesla Inc. jumped. Treasuries fell with the dollar.

Despite the strong gains on Friday, many traders aren’t yet convinced that equities have reached a bottom after a selloff that shaved $10 trillion from US stock values in 18 weeks. Instead, they say investors should still brace for volatility as the Fed’s ability to fight price pressures without causing a hard landing may depend on factors outside the central bank’s control. Frankly forecasting is a mess.

Back in January, stock strategists known for their enduring optimism expected the S&P 500 to add 5% in 2022.Bond strategists weren’t any more prescient. Interest rate strategists and economists were calling for 10-year Treasury rates to rise to 2% by June. Yields took out that level in early February and have touched 3.2% this month.

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

Its A Slow Moving “Bulldozer” Wreck! With Tarric Brooker

My latest Friday afternoon chat with Journalist Tarric Brooker @Avidcommentator on Twitter.

We review the latest economic data and consider the strategic implications.

Tarric’s charts are available at: https://avidcom.substack.com/p/charts-that-matter-13th-may-2022

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

New Zealand Recession Bells Are Tolling!

An excellent BNZ report really underlines the pressures on the New Zealand economy. A recession could well be on the cards. Take note, as NZ is months ahead of Australia and other countries in trying to unwind overgenerous QE and too low interest rates. Question is, will the medicine kill the patient?

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

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

This is an edited version of a live discussion as I explore the latest economic and financial news with Leith van Onselen, Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.

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

Why This Election Should Be About Access To Cash!

The use and availability of cash, and other banking services – especially in Regional Australia is a critical issue, and one which needs to be on the table in the current political campaigning. We know that banks have been withdrawing their services and closing branches, and that this can spell terminal decline for the surrounding area.

So the question is, how to address the decline and give local economies a boost? I am joined by Alexis Garnaut-Miller the Citizens Party Candidate for Cunningham (NSW) and Robbie Barwick Citizens Party Candidate for Victoria.

We discussed the cash ban, the need for a National Bank, and how this can be established via the Post Office Network. And we highlighted the questions to ask the candidates to test out if they understand the importance of the issue and whether they have an established policy.

We also mentioned The Regional, Dale Websters excellent work in tracking the disgusting removal of bank branches. Visit her site too! https://www.theregional.com.au/

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

Its Edwin’s [Late] Monday Evening Property Rant!

The latest from our property insider Edwin Almeida, as discuss the latest in price trends, under-quoting, and migration. And some great tips on how to address auctions.

https://www.ribbonproperty.com.au/

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

FINAL REMINDER: DFA Live Q&A With Tony Locantro 8PM Sydney Tonight

Join us for a live discussion as I explore the latest in market trends with Tony Locantro from Alto Capital in Perth. Given recent market falls, rises in interest rates in many Western countries, and easing of home prices, how should be read the current markets, and prepare for the next wave?

Alto Capital is a full service investment and corporate advisory firm.

You can ask a question live.

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