Three defaults in recent months have highlighted the risk of broader disclosure and governance problems among Chinese corporates, as well as the variable quality of local auditing, says Fitch Ratings. Shandong SNTON Group Co. (Snton, RD), Reward Science and Technology Industry Group Co. (Reward, RD) and Kangde Xin Composite Material Group Co. (KDX, WD) all … Continue reading “China Corporate Defaults Highlight Disclosure, Governance Issues Says Fitch”
I took part in a discussion on Peter Switzer’s Money Talks, along with Michael Blythe from CBA and Nicki Hutley from Deloitte. Making my case for more sustained falls in home prices, compared with the mainstream – we will see who is right in a year or two!
Central Banking Publications has named the Bank Financial Strength Dashboard as ‘Initiative of the Year’ in its annual awards. In announcing the award, Central Banking commented that very few central banks have opened up their financial system to public scrutiny to quite the same level as the Reserve Bank of New Zealand. They said that … Continue reading “RBNZ Bank Financial Strength Dashboard wins international award”
The IMF’s latest World Economic Outlook Update, January 2019, says that global growth in 2018 is estimated to be 3.7 percent, as it was last fall, but signs of a slowdown in the second half of 2018 have led to downward revisions for several economies. Specifically, growth in advanced economies is projected to slow from an … Continue reading “Global Growth to Slow in 2019 – IMF”
A brief segment today when I discussed the latest price moves, in the light of the Opal tower, off the plan buying and other factors. The question is, how far, and how fast?
According to Moody’s on 15 January, UK Financial Conduct Authority (FCA) chief Executive Andrew Bailey, reiterated the organisation’s intention to improve so-called mortgage prisoners’ access to refinancing by relaxing current mortgage affordability regulations that preclude them refinancing into cheaper mortgage deals because they fail to meet affordability standards that were tightened in 2016. Relaxing the … Continue reading “UK regulator suggests relaxed mortgage affordability test to encourage refinancing”
The 15th edition of the annual Demographia Internal Housing Affordability Survey has been released. Once again it shows that Australia and New Zealand property is unaffordable. Globally there were 26 severely unaffordable major housing markets in 2018. As normal they argue for planning reforms to release land, but do not consider credit availability, the strongest … Continue reading “Australian Property Still Severely Unaffordable – Demographia”
I discuss the issues around bank audits with Robbie Barwick from the CEC who have just called for an independent audit of the big four on the back of a recent UK report. CEC Release. The Full Report CEC Please consider supporting our work via Patreon: Or make a one off contribution to help cover … Continue reading “Auditing The Banks – The Bankers’ Deadly Embrace”
The latest edition of our weekly finance and property news digest with a distinctively Australian flavour. Please consider supporting our work via Patreon Or make a one off contribution to help cover our costs via PayPal Please share this post to help to spread the word about the state of things…. Caveat Emptor! Note: this … Continue reading “Everything Is Turning Sunny; For Now – The Property Imperative Weekly To 19 January 2019”
Welcome to the Property Imperative weekly to the nineteenth January 2019, our digest of the latest finance and property news with a distinctively Australian flavour. Watch the video, or read the transcript. Or listen to the Podcast Financial markets are now on an up-trip as we predicted, and the latest results from the US … Continue reading “Everything Is Turning Sunny – For Now – The Property Imperative Weekly 19 Jan 2019”
