Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
Given we now have mortgage rates 3% higher than at the start of the year – analysts are asking whether there are yet signs of mortgage portfolio risks in the banking system. We certainly know that households cash flows are under pressure, from our own mortgage stress analysis, and Roy Morgan’s research on consumer confidence … Continue reading “Are There Signs Of Bank Mortgage Portfolio Stress Yet?”
More reasons to argue for a 50-basis point rate hike in October, as the latest provisional retail figures came in pretty strong. Much of this is explained by the inflated prices we are paying for things, but despite very low consumer confidence households continue to spend (even if via credit). So far higher rates are … Continue reading “Hot Spending Says 50 bp In October!”
Remember when the mantra from Central bankers was inflation was temporary? This was still being recited late last year, despite the rapidly expanding money supply created by the reaction to COVID (which had already been expanded by the reaction to the GFC in 2007 and beyond. Ultra-low interest rates were coupled with excessive Government fiscal … Continue reading “Central Planners Double Down On Beating Inflation But…”
There was an outstanding piece from John Authers this week arguing that the Age of Credibility for Central Banks Is over as Inflation blunders have destroyed the trust that’s anchored the global financial system since the end of the gold standard. Certainly, in Australia, the RBA has been on shaky ground for many years, including … Continue reading “After Central Banks – What? [Podcast]”
There was an outstanding piece from John Authers this week arguing that the Age of Credibility for Central Banks Is Over as inflation blunders have destroyed the trust that’s anchored the global financial system since the end of the gold standard. Certainly, in Australia, the RBA has been on shaky ground for many years, including … Continue reading “After Central Banks – What?”
Consider this: the US central bank sees financial-market pain as part of the process to tackle inflation – a thought investors haven’t known in more than a generation. Powell this week said: “Financial conditions overall have tightened significantly. Broadly across financial conditions you’re seeing that. And that’s what we need.” The comments amount to Powell … Continue reading “Fall, Markets, Fall!”
In today’s show we round up the market action for the week, as the Fed put the interest rate cat among the pigeons, markets saw significant rotation away from tech stocks, and inflation fears continued to take hold. What we are not seeing yet are the practical effects of the informal COVID driven lock downs … Continue reading “More Fuel For Rate Hikes? – Market Update 8th Jan 2022 [Podcast]”
In today’s show we round up the market action for the week, as the Fed put the interest rate cat among the pigeons, markets saw significant rotation away from tech stocks, and inflation fears continued to take hold. What we are not seeing yet are the practical effects of the informal COVID driven lock downs … Continue reading “More Fuel For Rate Hikes? – Market Update 8th Jan 2022”
The latest edition of our finance and property news digest with a distinctively Australian flavour. In today’s show we look at the latest US inflation numbers, local household and business confidence numbers which appear in free-fall, and why we need macroprudential tightening in Australian mortgage lending right now. Go to the Walk The World Universe … Continue reading “Is The Inflation Story Overcooked? – The DFA Daily 12th August 2021”
This the first part in a series of posts about the risks from asbestos from Asbestos Awareness Australia, in which we discuss findings from our household surveys. Importantly, There is no known safe level of exposure to asbestos. Remarkably brief periods of exposure to legacy asbestos or exposure to low doses of asbestos fibres can … Continue reading “The Silent Killer You Need To Know About…”