I go down the rabbit hole with George to discuss inflation, what really caused it and what needs to be done to fix it. We cover the role of central banks, global non-elected non-government entities, and cbdc.
As always these chats will question some underlying assumptions and some will find that disturbing…
Thanks to George for the edit.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
Digital Finance Analytics (DFA) Blog
Another Visit Down The Rabbit Hole: On Inflation [Podcast]
Our latest Friday afternoon chat with Journalist Tarric Brooker, as the US 2-year bond breaks above 5%.
How will inflation play out, what will the impact on home prices be, and have politicians got our interests at heart? Find out as we discuss more charts and viewer questions.
This is an edited version of my latest live show, in which Robbie Barwick from the Australian Citizens Party examine the latest in the Senate Inquiry into Regional Banking Closures, the ASIC Inquiry, banks and corporates behaving badly and some of the broader geo-political risks in play.
The bare bones of an agreement was announced late Saturday night in the US, and assuming its passed on the hill , the debt ceiling crisis looks like it has been postponed until 2025. As the US markets are closed on Monday for Memorial Day, we can expect Asian markets to react first! It is also a Bank Holiday in the UK!
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
Digital Finance Analytics (DFA) Blog
A Tentative Debt Ceiling Agreement Has Been Reached! [Podcast]
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/
Digital Finance Analytics (DFA) Blog
DFA Live Replay With Leith van Onselen: Housing And The Population Ponzi [Podcast]
As discussed in The Conversation, the RBA was made subservient for a reason.
As prime minister, Chifley had the principle enshrined in the Commonwealth Bank Act of 1945, and it was later enshrined in the Reserve Bank Act of 1959.
The ultimate supremacy of the government over the Reserve Bank board was hard won – by Labor – and it is easy to imagine circumstances in which a government might need to use it.
Even the knowledge that the trigger is there, never pulled, lets the board know it is not able to go completely rogue and act against the wishes of a democratically elected government.
Chalmers ought to consider the wisdom of keeping his ultimate power in reserve. One day, Chalmers or his successors might wish they had it. The current recommendation to remove it is just plain wrong!
As discussed in The Conversation, the RBA was made subservient for a reason.
As prime minister, Chifley had the principle enshrined in the Commonwealth Bank Act of 1945, and it was later enshrined in the Reserve Bank Act of 1959.
The ultimate supremacy of the government over the Reserve Bank board was hard won – by Labor – and it is easy to imagine circumstances in which a government might need to use it.
Even the knowledge that the trigger is there, never pulled, lets the board know it is not able to go completely rogue and act against the wishes of a democratically elected government.
Chalmers ought to consider the wisdom of keeping his ultimate power in reserve. One day, Chalmers or his successors might wish they had it. The current recommendation to remove it is just plain wrong!
Journalist Tarric Brooker and I reconnected following my relocation, for the first in our series of bi-weekly afternoon chats about economics and politics. It may be a couple of months since our last, but in many ways, things are the same…
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
Digital Finance Analytics (DFA) Blog
We’re Back (But Its The Same Old, Same Old) With Tarric Brooker... [Podcast]
A further deeper dive into the RBA Review recommendations. I felt it was more like blancmange, than a piece of innovative reform – not least because the proposed structural separation and targetting are close to that used by other Central banks, who make precisely the same mistakes as our own.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
Tarric Brooker joins me for my last Friday afternoon chat for a month or so, as I relocate to the UK. For the reasons see here: https://youtu.be/7Nj6N_amn3Y
We discussed a range of viewers questions, for which thanks.
I have genuinely enjoyed my regular chats with Tarric, and rest assured we plan to continue them once I have relocated.
Meantime, you can see the charts on his Substack: https://avidcom.substack.com/p/charts-and-links-from-dfa-q-and-a
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
Digital Finance Analytics (DFA) Blog
So Long, And Thanks For All The Fish! - With Tarric Brooker... [Podcast]
