"Intelligent Insight"
We look at the recent EU ruling which confirms that Bank Deposit Bail-In is totally legal. Why am I not surprised?
https://cyprus-mail.com/2021/10/20/crucial-decision-on-2013-banking-crisis-on-hold/
https://nomadcapitalist.com/finance/offshore/your-bank-account-is-no-longer-sacrosanct/
https://www.rbnz.govt.nz/regulation-and-supervision/banks/open-bank-resolution
Go to the Walk The World Universe at https://walktheworld.com.au/
The latest edition of our finance and property news digest with a distinctively Australian flavour.
In today’s show we review the weeks action on the markets, as stock reach new highs in the light of dovish comments from several central banks, which took some of the tops off bonds, and cast inflation fears in a fresh light, despite the fact that the costs of many things are rising due to the supply chain issues.
The major US indices ended the week at record highs Friday as a better-than-expected monthly jobs report and positive Covid-19 treatment news triggered a sea of green across Wall Street.
CONTENTS
0:00 Start
0:18 Introduction
2:00 US and Labor Data
7:00 Europe
9:56 Asia
10:37 Australia
17:05 RBA Statement On Monetary Policy
19:35 Crypo ETF
22:06 New York Crypto Hub?
24:30 Brazil Crypto Motion
26:20 Latest Prices
28:38 Summary and Close
Go to the Walk The World Universe at https://walktheworld.com.au/
We look at an article in The Conversation.
“Global carbon dioxide emissions have bounced back after COVID-19 restrictions and are likely to reach close to pre-pandemic levels this year, our analysis released today has found.
The new numbers vividly illustrate the global challenge posed by decades of delayed climate policy and investment. To meet the 2050 goal of the Paris Agreement, which calls for limits to warming temperatures, nations would now have to cut emissions every year by an amount greater than the combined carbon output of Germany and Saudi Arabia.
The troubling finding comes as the COP26 climate talks continue in Glasgow in a last-ditch bid to keep dangerous global warming at bay. The analysis was undertaken by the Global Carbon Project, a consortium of scientists from around the world who produce, collect and analyse global greenhouse gas information.
The fast recovery in CO₂ emissions, following last year’s sharp drop, should come as no surprise. The world’s strong economic rebound has created a surge in demand for energy, and the global energy system is still heavily dependent on fossil fuels”.
Go to the Walk The World Universe at https://walktheworld.com.au/
In today’s show we look at the change of direction we are seeing from Central Banks, what markets are thinking about ongoing support, and what risks are now flowing from the massive and sustained liquidity injections we have seen since the GFC and more recent times.
But now we are starting to see the cracks come through, as mortgage rates rise, and the risks to property values grow – even one bullish commentator is going bearish, saying when rates rise, as they will, prices will fall significantly.
The hangover is going to be a BIG one!
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.
Today we examine the overnight news and press conference from the FED on monetary policy. Sure they are tapering, but slowly, and in fact their balance sheet continues to grow. Nothing about rate cuts, but the place a big focus on employment. And of course inflation is still temporary….
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.
Property hi-jacking is on the rise. We look at the issue and what precautions people may be able to take. And will digital transfers make it more common?
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.
CBA has made a significant announcement today.
CBA has partnered with one of the world’s largest regulated crypto exchanges and custodians, Gemini, and leading blockchain analysis firm, Chainalysis. Both partnerships have allowed the bank to design a crypto exchange and custody service that will be offered to customers through a new feature in the app.
The pilot will start in the coming weeks and CBA intends to progressively rollout more features to more customers in 2022. CBA will provide customers with access to up to ten selected crypto assets including Bitcoin, Ethereum, Bitcoin Cash and Litecoin.
https://www.commbank.com.au/articles/newsroom/2021/11/CBA-to-offer-crypto-services.html
Go to the Walk The World Universe at https://walktheworld.com.au/
In tonight’s show we will look at the RBA’s notes from today, market reaction to them, plus our latest survey results on household financial stress and scenarios. Will rates rise? What might the impact be? You can ask a question live via YouTube Chat.
My latest chat with our Property Insider Edwin Almeida. From the French, to the RBA, and from under-quoting to a Kiwi invasion we cover it all. Plus Edwin tries to build a wall!
https://www.ribbonproperty.com.au/
Go to the Walk The World Universe at https://walktheworld.com.au/
In today’s show we look at massive over-quoting in Victoria, Macquarie’s massive mortgage growth, more CBA mis-selling, housing supply equilibrium in New Zealand and why the RBA is at the end of it’s capital leash. Wherever you look we are at the limits.
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.