Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
You will recall I have discussed the possibility of a financial crash with Harry Dent in the past couple of years. This was our last show (which now seems very prophetic!). In these uncertain times, its important to get as much information as possible to make good decisions. Harry S. Dent, Jr. is a bestselling … Continue reading “Harry Dent & Sean Allison LIVE: The Great Crash Begins…”
The government has announced a relaxing of responsible lending obligations as they pertain to business lending, in order to ensure small businesses can access credit quickly and efficiently in the coming months. Via Australian Broker. As it stands, responsible lending obligations don’t apply to lending predominantly for business purposes; however, in order for a loan … Continue reading “Government Relaxes Responsible Lending Obligations”
The Australian Prudential Regulation Authority (APRA) today confirmed its regulatory approach to the COVID-19 support packages being offered by banks and other lenders to their borrowers in the current environment. Many banks have recently announced COVID-19 support packages that provide affected borrowers with an option to defer their repayments for a period of up to … Continue reading “APRA Advises Regulatory Approach to COVID-19 Support”
Moody’s says that on 22 March, Australia (Aaa stable) announced economic relief measures, totalling AUD66 billion ($38.2 billion, or around 3% of GDP) in support to households, businesses and guarantees to small and medium-sized enterprises (SMEs), in addition to a package announced previously and a set of measures aimed at supporting credit. On 17 March, … Continue reading “Australia’s and New Zealand Has Fiscal Space To Support Demand”
A $46 billion emergency supplemental funding proposal the White House budget office submitted to Congress last week to battle the coronavirus outbreak has ballooned to $242 billion in the Senate amid frenzied negotiations. Lawmakers remain deadlocked on several key provisions. Via The Hill. A summary of the supplemental spending legislation provided to stakeholders by the … Continue reading “White House Emergency Request Balloons to $242 Billion”
The New Zealand Monetary Policy Committee (MPC) has decided to implement a Large Scale Asset Purchase programme (LSAP) of New Zealand government bonds. The negative economic implications of the coronavirus outbreak have continued to intensify. The Committee agreed that further monetary stimulus is needed to meet its inflation and employment objectives. Globally, the number of … Continue reading “RBNZ to Implement $30bn Asset Purchase of NZ Govt Bonds”
According to the New Daily, Victoria to close schools and NSW is to shut restaurants, and pubs; and cross-border controls will be in place. Australia is fragmenting as the coronavirus sees state borders closed and premiers embrace sweeping lockdowns. In what is confirmation Australians must prepare to face the country’s most extreme virus safety measures … Continue reading “Coronavirus Shutdowns Ahead”
We look at the latest from the Government on fiscal response measures. How do they stack up?
The Prime Minister And Treasurer released their second stimulus package today which is designed to shield the country from the current emergency, and to keep businesses from collapsing for at least the next 6 months. But a warning, watch how the RBA measures have been rolled into the total support now valued at $189 billion. … Continue reading “Shields Up: Second Stimulus Package Worth $66bn But Only 13% Total To Date For Households”
The latest edition of our weekly finance and property news digest with a distinctively Australian flavour.