Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
From Zero Hedge. When it comes to propping up the stock market in the US, the Federal Reserve does so with a certain degree of nuance, keeping at least one layer of disintermediation between itself and the market, which usually involves “advising” Citadel to intervene when it comes to acute moments of market stress, granting … Continue reading “The Bank of Japan Was The Top Buyer Of Japanese Stocks In 2016”
From Zero Hedge. First it was the Fed, then the ECB (which last week tapered when it reduced the monthly amount of bond purchases under its QE program). Now attention shifts to the Bank of Japan, because as the WSJ writes, one of central banking’s most aggressive easers – Kuroda’s Bank of Japan – may … Continue reading “Speculation Grows Japan Will Tighten Next”
From The Conversation. When it comes to discussions about Chinese real estate investors, we tend to focus on the idea that they are buying up property in places like Australia, pushing up prices – even if that is somewhat questionable. But it also ignores the other side of the equation. The number of properties built … Continue reading “As its economy changes, China is starting to export its real estate ideas too”
From The Conversation. This week, ANZ, the latest (and now the last) of the big four Australian banks to have ventured far away from the nest, confirmed it was coming home into the arms of the Bank of Mum and Dad (also known as the Australian taxpayer). Though it took considerably less time than NAB’s … Continue reading “Time to toss one of banking’s four pillars out of the nest?”
Nice piece from ABC’s Michael Janda. The big controversy this week was whether Gen Ys should forgo some smashed avo to save up for a house. The commentariat took Bernard’s advice to millennials with more than a grain of salt — he was demolished on the statistical evidence by Greg Jericho and a raft of … Continue reading “Why Gen Y should hold off buying a home”
As Chinese buyers gain residency, they also want to move into existing homes partly so they don’t have to compete with foreign investors buying overpriced apartments. From News.com.au. Shanghai-born accountant Vincent Liu, 33, moved to Sydney around 10 years ago to complete his Masters degree. After renting in three different suburbs, he finally bought an … Continue reading “Chinese ‘upgraders’ adding new twist to real estate boom”
The wind of change seems to be blowing though the financial services sector as the focus on doing the right thing for customers increases. The industry’s dirty secret is that many in the sector are rewarded on a commission basis for selling products and services, irrespective of whether they are right for the customer concerned. … Continue reading “The End of the Commission Remuneration Model In Financial Services?”
From Business Insider. Australia is building an extraordinary number of high rise apartments right now. Everywhere you look, there seems to be a new development under construction, especially in Australia’s southeastern capitals. And, going off recent building approvals data, it seems that there are a whole lot more coming. Like a number of other commentators, … Continue reading “The ‘Huge Uncertainty’ in Some Australian Apartment Markets”
From The Conversation. Outrage has been mounting over the untaxed incomes of the global elite, foreign ownership of urban land and soaring rents in the private rental sector. Much of this boils down to two key matters: who owns property, and how they are treated. The UK, it seems, is a place that makes it … Continue reading “The UK is sinking deeper into property inequality – here’s why”
New RBA Governor, Philip Lowe has delivered his opening statement to the House of Representatives Standing Committee on Economics. He spoke about monetary policy and economic events in Australia and elsewhere. He reiterated that the goal remains for CPI inflation to average between 2 and 3 per cent over time and that GDP is higher … Continue reading “New Governor’s Remarks To Standing Committee”