Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
My latest Friday chat with journalist Tarric Brooker, as we look at the latest outlook for rates, inflation and recession.
Slides at: https://avidcom.substack.com/p/charts-and-links-from-appearance-8eb
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
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This is an edited version of my latest live stream, featuring Leath van Onselen, joint founder of Macrobusiness and Chief Economist at Nucleus Wealth.
We explored the consequences of the massive waves of migration now forecast in the budget pages (hidden in an appendix) and the potential impact of home prices and quality of life.
The original show is available here: https://youtube.com/live/_DxR9F4l20g
This version tidied up the audio, as we had renovators noises off during the live show.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
Our latest Friday evening chat with Tarric Brooker. We answer follower questions on the mortgage market. And we got into some deep discussion about where prices may go!
Slides we discussed.
https://avidcom.substack.com/p/charts-and-links-from-appearance?
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
The Bank of England lifted the cash rate by 0.25%, the 12th rise – to 4.5%. They held a press conference of over an hour, and mindful of the recommendations relating to the RBA review highlighting weakness in communication, I picked out some highlights from the UK session.
This includes the basic rationale for the rate rise, a discussion about the mortgage cliff, what caused inflation in the first place, and the impact on households. It was frankly a more grown up discussion – even if they still anchor inflation to supply chain shocks and energy issues. But their comments on Huw Pill recent comments were also significant.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
This weeks rant was recorded later than normal, but we explored some fundamental questions about the RE industry, and how agents are rewarded. No wonder we see some poor behaviors. And we look at the importance of keeping calm given the falls in listings, and what happens when people fail to take the right steps before purchase.
https://www.ribbonproperty.com.au/
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
The latest RBA’s Statement On Monetary Policy (More than 80 pages) said very little which was new, with inflation not expected to land within their target zone until 2025, with lower growth and higher unemployment. They reconfirmed an expectation rates could still go higher.
They did try to defend corporate profits as not driving inflation…. hum… but not very successfully in my book.
https://www.rba.gov.au/publications/smp/2023/may/
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
The continued pressures on US Regional Banks highlight the risks created by the changed interest rate environment – even if the scenarios are different from the 2007-8 GFC. But banks are under pressure as margins are compressed, and are needing to revisit their strategies, as both ANZ and Macquarie reposted this week. In fact, a credit crunch could well be on the cards.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
This is a recording of the first in our new live series. Damien Klassen from Walk The World Funds and Nucleus Wealth will join me to discuss the latest market developments.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
In the final part of our Australian Property Rant series with property insider Edwin Almeida we look at the latest numbers and emerging trends.
After a short break though we will be back with the International Property Rant weekly, so stay subscribed to catch the first in the new series.
http://www.martinnorth.com/
https://www.ribbonproperty.com.au/
Go to the Walk The World Universe at https://walktheworld.com.au/
The latest inflation data for the US underscored the ongoing inflation problem the FED has, and while the markets are hoping for a pause, or cut, on the latest numbers this is unlikely. The battle to control inflation is far from won.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
