"Intelligent Insight"
The latest in my Friday afternoon discussions with Journalist Tarric Brooker, who shares some of his recent research and slides on the economy, Evergrande, US Households, and much else besides. Things are getting really interesting – especially the vexed question of inflation, stagflation or deflation.
Tarric is @AvidCommentator on Twitter.
Go to the Walk The World Universe at https://walktheworld.com.au/
In today’s show we look at the latest from the markets, as investors balance better-than-expected corporate earnings against the inflation risks that continue to plague the global economy. Energy prices continue higher, adding more pressure, while the latest from China suggests the Central Bank there has no intention of rescuing Evergrande for now, as the property sector contagion continues.
CONTENTS
0:00 Start
00:18 Introduction
00:55 US Markets
03:08 Retail Sales Up
04:00 Treasury Yields
04:45 Energy Shortages
06:00 Gold Bull Doomed?
08:30 European Stocks
10:10 Asia Markets
10:30 China Credit Down
11:50 Distressed Bonds
12:30 Most Tragic Household
12:50 Evergrande Risks
19:35 China ETFs
20:25 Australian Market
24:20 Bitcoin and US Patriotism
29:30 Summary and Outro
Go to the Walk The World Universe at https://walktheworld.com.au/
We examine the latest ABS employment data for September 2021. The story is not straight forward, as many people have simply fallen out of the system and are not on the unemployment radar. The true number is closer to 8%.
https://www.abs.gov.au/statistics/labour/employment-and-unemployment/labour-force-australia/sep-2021
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/
We discuss the September 2021 DFA Household survey results. Many households remain in a difficult position, as cash-flows remain negative thanks to crushed incomes, rising costs and bigger mortgages (despite the lower available interest rates). We examine data at a state, segment and post code level, as well as geo-mapping which highlights the patchwork nature of the problem. Stress lurks in strange places, including some more “affluent” places!
Go to the Walk The World Universe at https://walktheworld.com.au/
We discuss the latest IMF World Economic Outlook and the latest economic trends in US employment and market rates, and ask whether the inflation Monster is really stirring – or is this just a blip?
The answer will determine the future trajectory of both interest rates and markets, and the answer may well not be palatable to Central Bankers, yet alone over-leveraged households and businesses.
https://www.imf.org/en/Publications/WEO
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 Q&A as I discuss the latest action in the financial markets with Investment Manager Tony Locantro from Alto Capital https://www.altocapital.com.au/
You can ask a question live via the YouTube chat.
In today’s show we look at the US markets, on Columbia Day, which means many were close, comments from Jamie Dimon as Bitcoin rises higher, and views from analysis on future growth and inflation, and whether stagflation fears will start to fade.
And quick reminder before we start that I will be joined on my live show by Investment Manager Tony Locantro from Alto Capital at 8pm Sydney time – a perfect opportunity to ask a question live.
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 latest from our Property Insider. Real Estate Agents becoming cops? Listing set to rise? 40% defective units, and how to grow long carrots. https://www.ribbonproperty.com.au/
Go to the Walk The World Universe at https://walktheworld.com.au/
Robbie Barwick from the Citizens Party and I discuss the potential inquiry into ASIC after the Sterling First debacle and the broader issues of financial oppression which hits so many.
See the ABC 7:30 report. https://iview.abc.net.au/video/NC2101H160S00 or https://www.abc.net.au/7.30/government-accused-of-ignoring-elderly-victims-of/13575794
There is just one thing you can do to help get momentum into such an inquiry, which may well lead to a broader focus on future financial sector policy. Call your senators. Numbers on this link: https://citizensparty.org.au/aus-senate https://citizensparty.org.au/aus-senate
Ask for an inquiry into Sterling First and ASIC. See
https://citizensparty.org.au/media-releases/add-your-voice-calls-sterling-asic-inquiry
Go to the Walk The World Universe at https://walktheworld.com.au/
You can download Asbestos Awareness Australia’s entire report here:
Around 4,000 people die each year from Asbestos related disease, including around 800 from mesothelioma, perhaps the most vile of the cancers. The asbestos ban in 2003 in Australia was ‘a significant victory for the trade union movement’ … [but] ‘unfortunately represented a story of the lack of political will by governments at Federal and State levels to act in the health interests of their community.’
Our survey of more than 43,000 Australian households found that knowledge about the following basic facts is very poor:
Most Australian households have not been properly warned about the risks and impacts of legacy asbestos, do not know that their lives are at stake, and are not using licensed asbestos professionals. Further, most Australians readily exclude themselves from any of the ‘at risk” categories and most think the death count from asbestos-related diseases each year is below 50.
Overall, the survey findings are consistent with inadequate public information, education, and warnings in Australia on asbestos threats and consequences.
Our broader research points to longstanding key messages that have been promulgated by James Hardie Industries Ltd “James Hardie”, CSR Ltd “CSR”, and the federal and state governments in Australia to downplay the risks of asbestos exposure outside of workplaces and to mask the scale of deaths from asbestos-related diseases.
Messages that are commonly portrayed within official and public health sources in Australia include the following:Half Truths or Misconceptions:
In this show, Asbestos Awareness Australia discusses the first eight of the above messages.
The last two claims are more complex and will be debated in a future one. We ultimately categorise these messages as misconceptions or half-truths because they are incomplete and misleading when not conveyed with proper context.
And ask yourself, why are these misconceptions are still commonly used?
Public and unequivocal acknowledgement by the industry and the federal and state governments of the continuing risks of legacy asbestos in homes, and the associated deaths arising from exposure to asbestos outside of workplace settings, would have serious repercussions. Such public recognition of the asbestos crisis would bring asbestos concerns to the forefront of the public mind.
Asbestos Awareness Australia Ltd is a registered not-for-profit company limited by guarantee, is a registered charity, and has endorsement from the Australian Taxation Office as a gift deductible recipient. The company was set up:
To achieve these objectives, the company provides public access to widely sourced information on asbestos risks and impacts, including the associated medical, legal, and political debates.