Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
My first Friday chat with Tarric Brooker, Journalist and Chart-Meister.
Will recent developments force a replay of the recent inflation crisis and keep rates higher for longer. If so, what are the potential implications politically and economically?
His charts are here: https://avidcom.substack.com/p/dfa-chart-pack-12th-january-2024
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
Bloomberg reported yesterday that the US has become the world’s biggest exporter of liquefied natural gas for the first time, with 2023 shipments overtaking leading suppliers Australia and Qatar.
The US exported 91.2 million metric tons of LNG in 2023, a record for the country, according to data through Dec. 31 compiled by Bloomberg. The expanded output was due to last year’s restart of Freeport LNG in Texas, which had been shuttered for months following a June 2022 fire and explosion. Qatar, the top LNG supplier in 2022, saw its volumes shrink for the first time since at least 2016, with a 1.9% decline dropping the nation into third spot for shipments of the super-chilled fuel. Australia ranked second, with exports that were little changed from 2022.
Unlike East Coast Australia, the US has a domestic gas reservation scheme in place, which has mostly succeeded in keeping domestic gas prices low.
And the mooted A$80 Billion Deal between Woodside Energy and Santos could also put more upward pressure on Australian domestic gas prices.
“Both Santos and Woodside are material domestic gas producers, which may create market concentration concerns,” RBC Capital Markets analyst Gordon Ramsay said in a note.
It makes no sense to give any member of the gas export cartel – Origin, Woodside, Santos, EXXON or Shell – greater control of gas import volumes. Remember East Coast Electricity prices are driven by the marginal cost of LNG.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
Well, the numbers are now in so today I am going to review the performance of our channel over the last year, and specifically highlight the top 10 most watched shows.
I want to thank you for being part of the DFA community, watching our shows, and supporting us by subscribing, liking the shows, and sharing them widely. Its greatly appreciated and I want to celebrate the momentum we created together. Especially around some of our campaigns, most notably addressing the issue of bank branch closures and the need to be able to access cash.
None of these top ten were my live shows, which generally run each Tuesday evening. Generally live events tend to do less well on YT compared with recorded shows. But the great positive of live is the audience participation, which is key to building and nourishing the community. So a quick word of thanks, to all those who turn out regularly to support our live events.
And if you stand back, its clear that housing related shows rate well, as do the regular chats with Tarric and his slides, and some of the more philosophical shows such as Down the Rabbit Hole and the BRICS discussion, also did well.
If you have specific subjects you would like me to cover, or guest suggestions, drop them in the chat!
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
More from our Property Insider Edwin Almeida, as we make our predictions for 2024 and discuss the latest property trends.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
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On the 23rd December 2021 Gill, my wife of 28 years died as a result of exposure to Asbestos and the cruel disease of mesothelioma.
There are articles in a number of places, including The Daily Mail, about her story:
And her story is also told on the video I made, incorporating A Current Affair footage back in 2021.
In memory of her we continue to run Asbestos Awareness Australia, a charity Gill launched before her death, to help to raise awareness in the community of the scourge of asbestos, which still remains in about one home in three.
It kills several thousand people each year and around 800 of which are from mesothelioma in Australia. In 2022, it is estimated that there were 761 deaths from mesothelioma in Australia.
So, the legacy of Gills death is our commitment to continue to raise awareness of this pernicious product, continue to lobby Government for better reforms – Gill published a series of research papers on just this point – available from the Asbestos Awareness Australia web site, and the Quest is to ensure that ordinary Australians are better aware of the risks stemming from Asbestos.
And while its good to know that engineered stone, which has caused problems for those working in that industry is to be banned, Asbestos is the elephant in the room still killing thousands each year, and it’s in one third of homes across the country. And no, it is not just multiple exposures, one exposure to a few fibres is sufficient, and even undisturbed asbestos continues to deteriorate over time, so there is no such thing as safe asbestos if its left in situ. And it can take years for the disease to show.
Think Asbestos!
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
This is an edit of a live discussion with Dr Cameron K. Murray, an independent economist who publishes at Fresh Economic Thinking https://www.fresheconomicthinking.com/. We discussed housing policy and economics in general.
Here is the link to Cameron’s new book, out February 27th 2024 https://www.amazon.com.au/Great-Housing-Hijack-keeping-Australia/dp/176147085X
He recently republished his book from 2017 Game of Mates: How favours bleed the nation as Rigged “How Networks Of Powerful Mates Rip Off Everyday Australians”.
This book will open your eyes to how Australia really works. It’s not good news, but you need to know it.’ – Ross Gittins
‘You’ll be shocked at how far the Mates have their hand in your pocket.’ – Nicholas Gruen
Australia has become one of the most unequal societies in the Western world, when just a generation ago it was one of the most equal. This is the story of how networks of Mates have come to dominate business and government, robbing ordinary Australians.
Every hour you work, thirty minutes of it goes to line the Mates’ pockets rather than your own. Mates in big corporations, industry groups, government departments, the halls of parliament and the media skew the system to suit each other. Corporations dodge taxes, so you pay more. You pay more for your house and higher interest rates on your mortgage, more for your medicines and transport, and more for your children’s education and insurance, because the Mates take a cut.
Rigged uncovers the pattern of political favours, grey gifts and information-sharing that has been allowed to build up over two decades. Drawing on extensive economic research, it exposes the Game of Mates as nothing less than cronyism on a grand scale across Australia and how we have fallen behind other countries in combating it.
https://www.bigw.com.au/product/rigged-by-cameron-murray-and-paul-frijters/p/235646
Go to the Walk The World Universe at https://walktheworld.com.au/
A final 2023 chat with Robbie Barwick from the Australian Citizens Party. We look at the RBA’s latest outing on cash usage, the Senate review of the RBA’s independence bill, and the formation of a National Investment entity.
On 7 December 2023, the Senate referred the Treasury Laws Amendment (Reserve Bank Reforms) Bill 2023 [Provisions] to the Senate Economics Legislation Committee for inquiry and report by 21 March 2024.
The critical issue is that the Treasurer is walking back Government’s power to intervene with RBA decisions if they do not agree. This power was put into the constitution years ago but has never been used.
Without it, the Technocrats will be able to take over, and follow the lead of the Bank For International settlements, to the potential disadvantage of ordinary Australians and businesses.
Make a submission to make the case for this power to be retained! The closing date for submissions to this inquiry is 2 February 2024.
https://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Economics/TLABRBAReform2024
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
On 7 December 2023, the Senate referred the Treasury Laws Amendment (Reserve Bank Reforms) Bill 2023 [Provisions] to the Senate Economics Legislation Committee for inquiry and report by 21 March 2024.
The critical issue is that the Treasurer is walking back Government’s power to intervene with RBA decisions if they do not agree. This power was put into the constitution years ago but has never been used.
Without it, the Technocrats will be able to take over, and follow the lead of the Bank For International settlements, to the potential disadvantage of ordinary Australians and businesses.
Make a submission to make the case for this power to be retained! The closing date for submissions to this inquiry is 2 February 2024.
https://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Economics/TLABRBAReform2024
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
More from Edwin Almedia, our property insider, as we look ay the latest “announcables” relating to housing and migration… how much is smoke and mirrors? The latest from the Treasurer makes the point!
The outlook is higher construction costs, a tilt towards migrants with more capacity to buy property, and the risk of more low quality construction, as high-rise height limits are relaxed.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
Today’s post is brought to you by Ribbon Property Consultants.
Another Friday afternoon chat with Tarric Brooker, as we look at the status of households, as monetary policy continues to run, and as the tax take accelerates significantly.
Via the charts we look at the trends across the country, invent a new TV game series, and also pick apart the political agenda.
Tarric’s charts are here: https://avidcom.substack.com/p/dfa-chart-pack-8th-december-2023
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
