A Way Forward For Regional Banking… With Robbie Barwick

In today’s show we look at the latest inquiry into Banking, which is looking at how regional areas in Australia are and should be supported. Whilst the short-hand answer might appear to be go on-line, the truth is connectivity in many areas is still shaky, some services still need face to face interaction, yet banks are shutting branches and removing ATMs, in an attempt to drive down costs. There has been a 24 per cent fall in regional bank branches over the last four years, and this does not count the increasing number only open for a few hours a week.

You can make a submission for the next month or so. https://treasury.gov.au/consultation/c2021-222961

I discuss with Robbie Barwick from The Citizens Party.

https://www.theregional.com.au/post/big-four-banks-casting-a-dangerous-shadow-in-regional-australia

https://www.theregional.com.au/post/why-i-counted-every-bank-in-regional-australia

https://www.theregional.com.au/closure-update-first-half-2021

Go to the Walk The World Universe at https://walktheworld.com.au/

DANGER! Northern Winter Shocks Ahead…

As the northern hemisphere falls towards winter, the economic signs are not promising.

The world economy is approaching the northern hemisphere winter in disarray, unable to shake off the coronavirus crisis amid persisting supply disruptions, soaring prices and resurgent outbreaks.

Global surveys of purchasing managers this week are likely to point that way. Among the outcomes anticipated by economists are slowing manufacturing and services activity throughout the euro zone and the U.K., and only modest improvement in the U.S.

Go to the Walk The World Universe at https://walktheworld.com.au/

I Can’t Believe What A Bank Has Just Said!

Australia’s biggest bank is suggesting people should team up together to buy property to relieve the affordability problem, and they offer a particular structure to do this. However, the risks of this approach are considerable – even worse than using the Bank of Mum and Dad, and their justification is tenuous give the small survey they are basing their releases on. A classic example of buyer should beware.

https://www.commbank.com.au/articles/newsroom/2021/11/Aussies-consider-alternate-property-pathways.html

Housing affordability is a structural issue created by 30 years of bad policy. The approach of encouraging more people to borrow, despite the risks is concerning, and it does nothing to tackle the real underlying issues.

Personally I think it is irresponsible!

Go to the Walk The World Universe at https://walktheworld.com.au/

Strange Attractors: Market Update 20th Nov 2021

In today’s show we have a brief look at the markets as the contention between inflation fears, rates rises and more lock downs rose to fever pitch – pun intended. The markets are still banking on more Central Bank support.

So the NASDAQ Composite Index closed above the 16,000 mark for the first time on Friday, in its second-straight record finish, while the Dow succumbed to its fourth losing session in the last five. The Dow Jones Industrial Average’s second-successive weekly loss wiped out the last of its November gains, extending the index’s drop from a Nov. 8 record high.

Go to the Walk The World Universe at https://walktheworld.com.au/

The RBA’s Crypto Warning…

The RBA’s head of payments, Tony Richards, said the value of many cryptocurrencies, which have surged to $US2.6 trillion, could crash when central banks decide to assert control over their monetary systems.

He has warned users and investors in fad-fuelled cryptocurrencies such as bitcoin they risk holding speculative assets with “niche” uses that could lose most of their value.

https://www.rba.gov.au/speeches/2021/sp-so-2021-11-18.html

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.

The Twilight Zone Between Inflation and Lock-downs Haunt The Markets

I am old enough to remember the 1970’s when central bankers were claiming inflation was temporary, before it took off into the teens and beyond. While I am not suggesting history will repeat, we can see the weird dynamic, with greed driving markets one way, inflation fears pulling in a different direction, and renewed lock-downs in some places adding to the uncertainty.

Global markets have surged during the pandemic, fueled by massive stimulus that has also stoked profits at banks such as Goldman. Concern is now rising that accelerating inflation will pose a challenge to a sustained recovery as central banks may be forced to raise interest rates in response.

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.

DFA Live Q&A: HD Replay – Steve Keen And Victor Kline – The Politics Of Economics

This is an edited version of our latest live Q&A as I discuss the intersection of Politics and Economics with Professor Steve Keen (he has just released a new book) and the Founder of the New Liberals Victor Kline.

Go to the Walk The World Universe at https://walktheworld.com.au/

Financial Repression Is The Real Story…

We look at the latest from the Reserve Bank, and consider the mismatch between the RBA view and market view of rates. There a a cogitative dissonance between the two.

Underlying this is the horrid truth, both Government and RBA seems to want to keep rates below inflation, thus disadvantaging savers while supporting more lending, despite the high leverage. This leaves the high risk of policy missteps, especially if the FED lists rates to tackle inflation.

Go to the Walk The World Universe at https://walktheworld.com.au/

FINAL REMINDER: DFA Live 8pm Sydney Tonight: Steve Keen And Victor Kline On Economics And Politics

Join us for a live Q&A as I discuss the intersection of Politics and Economics with Professor Steve Keen (he has just written a new book) and the Founder of the New Liberals Victor Kline.

You can ask a question live via the YouTube chat feature. I also made a short introductory show about what I hope to explore. This is an important episode.