Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
I am joined by Journalist Tarric Brooker as we discuss this week’s traumatic events, and he shares more slides on topics of the day. Link to slides here:
https://t.co/NxO6SqzYQn
Tarric is @AvidCommentator on Twitter.
Go to the Walk The World Universe at https://walktheworld.com.au/
From The Conversation: https://theconversation.com/australia-is-creating-an-underclass-of-exploited-farm-workers-unable-to-speak-up-177063
There are currently about 95,000 asylum seekers in Australia, about 30,000 of whom have had asylum refused at both the initial and by the Administrative Appeals Tribunal stage and are not legally able to work.
Many work on farms, including those not legally able to.
They can never complain about their treatment and have to accept whatever work they can get under whatever conditions as those who have been refused asylum have no legal right to work.
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/
This is an edited version of my live discussion about the current state of the economy and what may lay ahead with Leith van Onselen who writes as the Unconventional Economist at MacroBusiness. Leith has previously worked as an economist at the Australian Treasury, Victorian Treasury and Goldman Sachs. He has a strong background in economic policy and financial sector regulation. Leith holds a Bachelor of Commerce (Honours) degree from Melbourne University and a Graduate Diploma of Applied Finance and Investment from the Securities Institute of Australia (now FINSIA). Leith can also be found on twitter: twitter.com/leithvo
Go to the Walk The World Universe at https://walktheworld.com.au/
Michael Cowling Associate Professor – Information & Communication Technology (ICT), CQUniversity Australia penned an important article in The Conversation today. And raises some important questions for us to consider, as the ABC turns on account login and personalisaton services.
The ABC says that for iview you can Continue Watching where you left off across all devices logged in to your ABC Account, Create a Watchlist to keep track of your favourite shows, Access your Viewing History, Create a profile for members of your household and Receive personalised recommendations based on what you watch.
For the Listen app it says you can Continue listening where you left off across all devices logged in to your ABC Account, Create a Playlist to listen to programs uninterrupted, Use Favourites to keep track of shows and podcasts, Access your Listening History, Choose Your News with a broader offering of local and topical news content andUse the Call-In and Text-In feature to conveniently engage with a range of ABC radio programs
He wrote: Last week, the ABC announced it will begin to track the viewing habits of all users of its iview streaming platform from March 15. This will be done by making users create an account and log in to watch shows and “benefit from the next stage of personalised services” such as “program recommendations [and] watchlists”.
The change was initially planned for the middle of last year, but was delayed after heavy criticism from privacy experts and others over the proposed arrangements for sharing and recording data. One point of contention was the ABC’s plans to share viewer data with Facebook and Google.
Significant amounts of information could be inferred from our viewing habits: everything from our political leanings to our attention span. What that can then be used for is anyone’s guess.
That’s not to say you shouldn’t create an account, but rather that you need to go in with your eyes wide open. Think about what iview means to you, what data might be shared, and how it might be used. And then decide if you really love Bluey all that much after all.
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.
Victoria set to bring in social housing ‘contribution’ The state will introduce a new Social and Affordable Housing Contribution on certain developments from July 2024, it has been announced.
The Andrews government has announced that, from July 2024, all newly built developments with three dwellings or more, or of three or more residential lot subdivisions, will need to contribute 1.75 per cent of the market value of the completed project to the Social Housing Growth Fund.
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.
I have been discussing the rise of Central Bank Digital Currencies over the past few years, and we know that in Australia the Treasury is now actively exploring the implementation of a digital Aussie Dollar for consumer use. This mirrors efforts underway in other countries, including both the UK and USA.
Canada Deputy Prime Minister and Minister for Finance Chrystia Freeland announced the government is broadening the scope of the country’s anti-money laundering monitoring and terrorist financing laws to cover crowdfunding platforms and the payment service providers they use. “These changes cover all forms of transactions, including digital assets such as crypto currencies,” she announced during a recent press conference. To underscore the point, the Canadian government made it clear on Monday that it would target cryptocurrency alongside traditional transactions.
But consider how much easier it would be to control the access to money if it was sitting in a Central Bank Digital Currency Account. Potentially total transparency, and control.
The Canadian experience underscores for me the importance of safeguarding our financial system, and we should be aware of the grave risk which exists from those in Government and the Security Services which wants more direct control.
Go to the Walk The World Universe at https://walktheworld.com.au/
This week we saw more falls on markets as the volatility continued and uncertainty raged. So in this weeks market review we are going to consider some of the factors which are amplifying the gravity effects. These forces are substantial, to say the least.
While US stocks came off session lows, bonds climbed at the end of a week marked by a standoff between the West and Russia as well as worries about the Federal Reserve’s next policy steps. As a result, volatility continues with the US fear index sitting at 28.12. The Benchmark U.S. stock indexes hit a second week of losses, undermined by the standoff between Russia and the West over Ukraine, as well as the prospect of tighter Federal Reserve monetary policy. And some $2.2 trillion of U.S. stock options expired on Friday. Oh, and U.S. markets will be closed on Monday in observance of Presidents Day.
The Dow Jones Industrial Average was down 0.68%, at around 34,072. The S&P 500 index fell 0.78%, to trade around 4,347, with information technology segment down -0.95% and energy the worst performers among the index’s 11 sectors.
The NASDAQ Composite Index declined 1.23%, to about 13,536. A so-called death cross crystallized in the index, a bearish chart pattern that has at times presaged further weakness.
For the week, the Dow is down around 2%, while the S&P 500 was heading for a 1.7% decline and NASDAQ was on track for a decline of almost 1.9%.
Go to the Walk The World Universe at https://walktheworld.com.au/
I caught up with Financial Planner Teagan Curtin from PRP Advisers to discuss the art and science of financial planning. We discussed the benefits of developing a financial plan, some of the important questions to consider, and how the current market context might influence a plan.
Go to the Walk The World Universe at https://walktheworld.com.au/
Seasonally adjusted hours worked fell by 8.8 per cent between December 2021 and January 2022, according to the Australian Bureau of Statistics (ABS).
The changes in hours worked were more pronounced than for other key indicators, with employment increasing by around 13,000 people, unemployment by 6,000 people and the unemployment rate remaining at 4.2 per cent.
But there are deeper reasons why the numbers are the way they are, and today we explore this…. in a word – migration, or the lack of it…!
Go to the Walk The World Universe at https://walktheworld.com.au/
New data from the Commonwealth Bank reveals quarterly migration from capital cities to regional areas over the past two years is averaging 15 per cent higher than what is was in the two years pre-COVID 19.
A structural break in migration patterns has emerged during the two years of the pandemic. Capital city dwellers moving to the regions have generally accounted for a 6.1 per cent share, up from the 5.3 per cent share pre-pandemic. Meanwhile the share of regional people making a city move has ebbed and flowed a little more, but has hovered around a 4 per cent share during the pandemic, down from the 4.3 per cent share pre-pandemic.
National home loan affordability fell “dramatically” in 2021, with a record calendar year decline of 14.5 per cent, according to non-bank lender Bluestone.
Bluestone Home Loans has released its Home Loan Affordability Index for December quarter, revealing the index fell to 93.8 in December 2021 quarter compared to 82.9 in the December 2020 quarter.
And the HIA says affordability constraints in detached housing are expected to push some households into townhouses and apartments. A return of migration will assist in offsetting the impact of a rise in interest rates for multi-unit construction.
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.