Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
We look at the details outlined in the new Federal Government scheme to assist First Time Buyers.
https://www.treasury.gov.au/sites/default/files/2019-10/c2019-23295-nhfic-explanatorystatement.pdf
https://www.treasury.gov.au/consultation/c2019-23295
We look at the latest from the UK short term lending market as another big lender withdraws.
But why inaction here?
https://www.fca.org.uk/data/consumer-credit-high-cost-short-term-credit-lending-data-jan-2019
https://www.bbc.com/news/business-49878277
https://www.bbc.com/news/business-50174367
https://www.theguardian.com/money/2019/oct/25/quickquid-owner-collapses-into-administration
We discuss the latest in “safe haven” Gold.
The latest edition of our weekly finance and property news digest with a distinctively Australian flavour.
Contents:
0:24 Introduction
0:58 US Markets
3:10 The Feds “Non-QE” QE
5:40 Brexit and UK Markets
6:50 Metro Bank
8:06 ECB
10:20 Australian Segment
10:30 Economic Data
12:30 Cash Transaction Ban
14:20 Property Sales and Prices
16:45 Foreign Buyers
18:45 WA First Time Buyer Incentives
19:40 Bank Profitability
20:30 Interest Only Lending
21:25 Local QE Is Coming
25:30 Local Market Summary
We discuss the latest ABS data.
The House of Reps passed the Cash Ban Bill today, despite the matter being referred previously to a Senate Inquiry with submissions open to the 15th November 2019. Robbie Barwick from the CEC and I discuss the implications.
There is still time to make a submission, and stop this from becoming law. Our civil liberties depend on it.
https://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Economics/CurrencyCashBill2019
https://www.aph.gov.au/Parliamentary_Business/Chamber_documents/HoR/Divisions/Details?id=798
We look at the latest data released by Domain.
We look at the latest stats from APRA on branch and ATM networks, both of which are shrinking fast.
https://www.apra.gov.au/authorised-deposit-taking-institutions-points-of-presence-statistics
We look at a global study of superannuation (pensions) and see where Australia stands, and also discuss the elephant in the room – poor returns in a low rate environment.
https://www.monash.edu/business/monash-centre-for-financial-studies
I caught up with world renowned economist Harry Dent, ahead of his latest visit to Australia next month, and we discussed the debt and housing bubbles and how this may play out.
As a valued-add, you can secure up to 2 complimentary tickets to Harry’s Australian events.
Melbourne: November 17th-18th
Sydney: November 19th-20th
Brisbane: November 21st-22nd
Perth: November 24th-25th
That’s right. By clicking on the special link below you won’t have to pay anything.
Simply click here to secure your complimentary tickets:
https://nz561.isrefer.com/go/gh2019/ormn/
I have to warn you though. I’ve only been given a total of 50 complimentary tickets to give away and once they’re gone, they’re gone.
[Note: I get no benefit from publicizing these events]
