"Intelligent Insight"
This is an edited version of my latest live discussion about the latest from models and post code analysis.
CONTENTS
0:00 Start
0:17 Introduction
3:10 Economics and RBA Data
18:01 DFA Stress Analysis
29:44 Mapping
39:09 Scenarios
40:00 Post Code Analysis (Q&A)
1:21:00 Getting Debt Advice Help
1:24:00 Summary And Close
Original show with chat here: https://youtu.be/YANetUOBHrg
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I caught up with Peter Marshall from Mozo to discuss the latest following the RBA 25 basis points rise yesterday. What is going to happen ahead, and how should households be planning to manage under the new higher-rate environment? And of course, after the eighth, comes the ninth…. etc….
Peter Marshall has been working in the Australian banking and finance industry for over 20 years and oversees Mozo’s extensive product database. He is regularly sought out for his expert commentary and analysis on banking and interest rates trends by print, radio and TV media.
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Join me for a live discussion about the latest from our models. We will have the post code engine online.
You can ask a question live!
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An important call to arms with Robbie Barwick from the Australian Citizens Party, aimed at saving SIX bank branches which are ear-marked for closure in the next few days, leaving more communities in the lurch, without property banking services in the community.
In the next fortnight, the big banks which gorge themselves on massive profits from taxpayer support will shut down branches in 10 regional towns around Australia.
Six of those towns will lose their last bank, which will be a massive blow to the local economy and community. They are:
NSW
• Bombala NAB: closing 8 December
QLD
• Dysart NAB: closing 15 December
WA
• Tom Price Westpac: closing 16 December
• Wongan Hills Westpac: closing 16 December
SA
• Mannum BankSA (Westpac): closing 16 December
• Yankalilla BankSA (Westpac): closing 9 December
Please call the Treasurer, and Members relevant to the state in which the branches are located and demand that the Government intervenes to stop this community damage from occurring.
https://citizensparty.org.au/dec-branch-closures-contact
Contact details:
Treasurer Jim Chalmers: 02 6277 7340 (Parliament) 07 3299 5910 (Electorate)
Eden-Monaro MP Kirsty McBain: 02 6284 2442 (Bombala NAB branch)
Capricornia MP Michelle Landry: 07 4922 6604 (Dysart NAB)
Durack MP Melissa Price: 08 9964 2195 (Geraldton) 08 9041 1749 (Merredin) (Tom Price and Wongan Hills Westpacs)
Barker MP Tony Pasin: 08 8531 2466 (Mannum BankSA)
Mayo MP Rebekha Sharkie: 08 8398 5566 (Yankalilla BankSA)
Gilmore MP Fiona Phillips: 02 4423 1782 (Vincentia Westpac)
O’Connor MP Rick Wilson: 08 9842 2777 (Collie and Bridgetown Westpacs)
Wright MP Scott Bucholz: 07 5541 0150 (Laidley NAB)
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More from our Property Insider Edwin Almeida, as we discuss the latest from the markets, numbers and the outlook ahead.
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Another outing thanks to Cookie’s research on property price falls on the portals, plus my own analysis based on DFA stress, this time looking at the falls across the Illawarra.
Whilst not statistically significant necessarily, it does reinforce the down trends. Thanks again to Cookie.
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The RBA will likely hike rates again tomorrow, so we look at the potential impact, the the estimated terminal rates across the big four – there are significant variations.
The market is also expecting rates higher for longer.
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And yet another outing thanks to Cookie’s research on property price falls on the portals, plus my own analysis based on DFA stress, this time looking at the falls across the ACT.
Whilst not statistically significant necessarily, it does reinforce the down trends. Thanks again to Cookie.
Go to the Walk The World Universe at https://walktheworld.com.au/
Another release in our Antispruik series, as we look at recent price reductions from the property portals. Thanks to Cookie for doing the primary research, which I have supplemented with the latest stress data from our Core Models to end of November 2022. Bottom line is, prices are STILL falling despite the spruiking from the property sector and media.
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Have your say on the imposition of Central Bank Digital Currencies, via a petition, open to the 21st December 2022 on the Government Website. More than 7,666 have already signed.
https://www.aph.gov.au/e-petitions/petition/EN4638
As Australian citizens we should be concerned about the disadvantages of a Central Bank Digital Currency. Traceability: In the case where physical cash is eliminated entirely this eliminates our ability to transact in a fully anonymous manner. Negative Rates: With CBDCs, you cannot withdraw your digital tokens and hold them under the mattress. If there is no option for physical cash this gives central banks ability to implement negative interest rates. Programmability: CBDCs give central banks a unique opportunity to make money “programmable”. For example: Expiration, with a direct relationship with your central bank, CBDCs could permit a currency expiration policy. Your money could be programmed so that if you don’t spend the $5000 in your account by next Saturday, it will expire. Personalised monetary policy: With a bank of Big Data on individual spending habits, coupled with digital identification infrastructure, the central bank will have enough information to tailor its monetary policy personally. For example if it is known that lower earners have a higher propensity to consume, stimulus can be directly delivered to those people. Personalised monetary policy could even become politicised. A government could segment its voters, identify communities where it is behind in polls, and deliver stimulus to these groups.
Petition Request
We therefore ask the House to enshrine the use of cash in law.
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