Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
Neil Slonim, theBankDoctor has published an excellent four part series on the future of non-bank small business lending in Australia. The complete series is reproduced here, with permission. He concludes that smaller businesses need non-bank lenders especially if they have been rejected by a bank or have relatively modest but often urgent needs for funds or … Continue reading “The Future of Non-bank Small Business Lending in Australia”
The main message from The RBA Governor tonight on the global economy is that while it is still growing reasonably well, the risks are increasingly tilted to the downside. The main source of these downside risks are geopolitical developments in many parts of the world. These developments are creating considerable uncertainty and this uncertainty is … Continue reading “Lowe On The Economy – “Extended Period Of Low Rates Required””
The RBA released their minutes today. Clear talk of more cuts, against a weaker global scene. But holding on to households spending more as the housing sector wakens. Rates will be lower for longer as Central Banks globally cut to the max. Saved somewhat by Government spending and higher iron ore price, but small businesses … Continue reading “RBA Minutes – Rates To Go Lower…”
The RBA’s Christopher Kent, Assistant Governor (Financial Markets) spoke about the CLF today. Look carefully, as banks effectively can cross collateralise via each others mortgage backed securities – what could possibly go wrong? I’d like to thank Bloomberg for the opportunity to speak to you about the committed liquidity facility (CLF). The CLF has been … Continue reading “The RBA On The Committed Liquidity Facility”
The Australian Prudential Regulation Authority (APRA) has released its response to submissions on proposed changes to the application of the capital adequacy framework designed to support the orderly resolution of a failing authorised deposit-taking institution (ADI). APRA released a discussion paper in November last year proposing that the four major Australian banks be required to … Continue reading “APRA Caves Again”
From Australian Broker. An “overwhelming majority” of economists are forecasting that the Reserve Bank of Australia will alter the cash rate tomorrow for the first time since August 2016. Below, two analysts explain the ripple effects likely to spread across the economy as a result. The good news Martin North, principal of Digital Finance … Continue reading “June cash rate: three possible outcomes”
Five global investment banks are facing a cartel class action lawsuit after a suit was filed at the Federal Court yesterday, via InvestorDaily. Maurice Blackburn Lawyers, who is also taking on AMP in a class action, have launched the suit against UBS, Barclays, Citibank, Royal Bank of Scotland and JP Morgan, claiming the banks colluded to … Continue reading “Investment banks face cartel class action lawsuit”
Just before the GFC hit, the then Chair of the Fed reassured that everything was going to be fine. The subprime mess is grave but largely contained, said Federal Reserve Chairman Ben Bernanke Thursday, in a speech before the Federal Reserve Bank of Chicago. While rising delinquencies and foreclosures will continue to weigh heavily on … Continue reading “Is This The RBA’s Bernanke Moment?”
Welcome to the Property Imperative weekly to the second of March 2019 – our digest of the latest finance and property news with a distinctively Australian flavour. We live in a weird world where the financial markets seem disconnected from the real economy, for example locally home prices data continue to fall, and future … Continue reading “The Impossible Equation – The Property Imperative 02 March 2019”
Welcome to the Property Imperative weekly to the sixteenth of February 2019 – our digest of the latest finance and property news with a distinctively Australian flavour. Watch the video, listen to the podcast, or read the transcript. The data fest continued this week, with more evidence of weaknesses appearing in the global economy, … Continue reading “Lines In The Sand – The Property Imperative Weekly 16 February 2019”