"Intelligent Insight"
This is material drawn from several recent shows on this and other channels, explaining mortgage and household stress and what is happening in the current environment – with data to December 2021 and beyond.
Go to the Walk The World Universe at https://walktheworld.com.au/
The latest from the ABS for New Lending in November reveals a significant increase, so we look at the data the its implications.
https://www.abs.gov.au/statistics/economy/finance/lending-indicators/nov-2021
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.
In today’s Nucleus Wealth investment podcast, Martin North of @Walk The World joins Nucleus Wealth’s Head of Investments Damien Klassen, and Senior Financial Advisor Sam Kerr to discuss if Australian Property will continue to boom in 2022.
The latest US inflation came in hot at an annual 7%, as expected, and the market was not worried.
The latest edition of our finance and property news digest with a distinctively Australian flavour.
Yesterday I warned about higher market volatility given all the moving parts in play at the moment. Well, we saw that in action again on Tuesday as FED Chair Powell gave evidence at the Senate Banking Committee.
Back in December Powell said “One of the two big threats to getting back to maximum employment is actually high inflation.” He stressed that getting back to pre-Covid levels of labor-force participation would require a long expansion, which couldn’t happen with runaway price growth.
This marked a shift in how he discussed the trade-off between wanting to see greater improvement in the labor market and tolerating persistently elevated consumer price growth. So the new line is that increasing interest rates and tightening monetary policy is a benevolent move on the Fed’s part.
And this was in evidence on Tuesday when he said “In a way, high inflation is a severe threat to the achievement of maximum employment,” he said. “We think wages moving up is generally a good thing, but if you look back through history, there are times when wages have moved up in a way that has fostered persistent inflation, and that hurts everyone.”
This is a deft move on the part of Powell, who earned respect among both Democrats and Republicans for the Fed’s response to the onset of the Covid-19 pandemic.
The total number of dwellings approved rose 3.6 per cent in seasonally adjusted terms in November, following a 13.6 per cent fall in October.
This uptick in construction may not continue, stating that while working from home may support approvals in the short-term, and that omicron could induce higher savings rates, there are bigger risks to building approvals – specifically higher interest rates.
We also know that because HomeBuilder brought forward a lot of housing projects; there are a lot of people who maybe usually would have started to build a home this year or next year that did it last year instead when they could have got HomeBuilder. So all of those factors together do create a risk of building approvals falling further in the longer term.
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.
Join us for a live discussion as I explore the data from our models to end December 2021, including post code level analysis of mortgage stress. We will have the post code engine on line, and you can ask as a question live.
We review the market action from Monday, with a focus on the US markets, as yields go higher, crypto lower, and the NASDAQ recovers for intra-day lows.
All of this signals more volatility ahead, as the expectation of US rate hikes continues to grow. But not all sectors are behaving in the same way.
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.
Edwin Almeida joins me for another rant, as we look at the unofficial economic slowdown, reduced listings, and more from our WeeChat Chatters about whats going down in China.
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/
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 as more businesses and households are being impacted, and as confidence takes a hit. Another reason to believe the uncertainty will continue.
In the US , the S&P 500 closed down Friday, marking its worst weekly start to a year since 2016 amid pressure from tech stocks as Treasury yields continued to rally on rate hike expectations despite a mixed monthly job report.
Go to the Walk The World Universe at https://walktheworld.com.au/
0:00 Start
0:19 Introduction
1:30 US Jobs Report
5:40 Yields Higher And Fed Catch-Up
7:30 US Markets
8:45 Gamestop and NFT
11:30 Gold Still Weak
13:40 Oil
17:00 US Consumer Credit Up
18:20 Europe
19:40 China Economy
20:50 China Property
24:00 China Credit
26:00 Olympics
28:20 Australian Market
30:45 PayPal Stable-coin
33:05 Summary and Close