Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
Home prices are more to do with sentiment that fundamental economics, and this week we saw new data, so are home prices on their way down? Welcome to the Property Imperative weekly to the 25 November 2017. Watch the video, or read the transcript. We start this week’s digest of finance and property news noting … Continue reading “How Far Are Home Prices Going Down? – The Property Imperative Weekly 25 Nov 2017”
Another big week of finance and property news, so we pick over the bones and try to make sense of what’s going on. And we ask were the Regulators asleep at the wheel? Welcome to the Property Imperative weekly to 28th October 2017. Watch the video or read the transcript. We start this week’s review … Continue reading “Asleep At The Wheel? – The Property Imperative Weekly 28 Oct 2017”
Our friends at Mozo have written a highly relevant blog post for DFA on the impact of the APRA changes. No wonder, some households are under pressure! And thanks to Mozo for their insights! There’s been a reasonable amount of ups and downs in home loan interest rates over the last 12 months, especially considering … Continue reading “What happened to home loan rates a year on from APRA’s changes”
From The IMF Blog. It seems like a paradox. The world’s financial system is getting stronger, thanks to healthy economic growth, buoyant markets, and low interest rates. Yet despite these favorable conditions, dangers in the form of rising financial vulnerabilities are starting to loom. That is why policymakers should act now to keep those vulnerabilities … Continue reading “Financial Stability Improves, But Rising Vulnerabilities Could Put Growth at Risk”
From The Adviser. Treasurer Scott Morrison has said that interest rates are “obviously” going to rise in the future but that many home owners would be able to avoid mortgage stress thanks to “mortgage buffers”. Speaking on Paul Murray Live on Sky News on Wednesday (6 September), Treasurer Scott Morrison was asked about “mortgage stress”. … Continue reading “‘Mortgage buffers’ will protect households from rate rises: Treasurer”
From The New Daily. Shadow Treasurer Chris Bowen gave a good speech on Tuesday, promising to super-size Labor’s planned banking royal commission. Originally intended to flush out illegal and deceptive activity in the banks, a royal commission should, he says, spring clean their legal activities too because that’s where the real damage to the economy is occurring. Actually, … Continue reading “‘Generation Rent’ and the ruinous rule of unfair and unjust laws”
Interesting article from Deutsche Bundesbank discussing the causes of a financial crisis. High private sector debt is significant – Australia, please note – “Asset price booms are particularly harmful if they are debt-financed”! Financial crises are costly – output and financial wealth are lost, unemployment increases, and social gaps widen. The costs may be prolonged, … Continue reading “Catalysing A Financial Crisis”
From Zero Hedge. That’s not supposed to happen… With the crackdown on financial system leverage underway, Chinese banks (and securities firms) are in big trouble. As we noted previously, China’s bond curve is inverted, yields are surging, and Chinese regulatory decisions shutting down various shadow-banking pipelines has crushed securities firms’ stocks. However, as Bloomberg points … Continue reading “Are Banks In China In Trouble?”
Public Service Commissioner Stephen Sedgwick AO was appointed by the ABA to review how bank tellers and other customer-facing bank employees, their managers, and third parties are paid by banks. The final report was released today. He concludes: It remains my view that there is not sufficient evidence of significant systemic risks of poor outcomes … Continue reading “ABA Releases Final Sedgewick Report”
From Reuters. Hackers released documents and files on Friday that cybersecurity experts said indicated the U.S. National Security Agency had accessed the SWIFT interbank messaging system, allowing it to monitor money flows among some Middle Eastern and Latin American banks. The release included computer code that could be adapted by criminals to break into SWIFT … Continue reading “Hackers release files indicating NSA monitored global bank transfers”