Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
Show Me The Numbers! A deep dive into some of the fallacies which driven by MSM (and who pays the bills?) as we look at the latest from our property insider.
https://www.ribbonproperty.com.au/
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
Show Me The Numbers! A deep dive into some of the fallacies which driven by MSM (and who pays the bills?) as we look at the latest from our property insider.
https://www.ribbonproperty.com.au/
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
Spain might be an example we should be looking at, as their inflation has fallen below 2%. How did they achieve this compared with the UK or Australia?
Simply put they went beyond the simplistic interest rate lever, and used effective fiscal measures as well.
So today we look at lessons we can learn from Spain, and suggest there is indeed an alternative path, but one which requires a different linkage between monetary (interest rates) and fiscal (taxes and spending).
And, don’t forget, Central Banks created the inflation monster in the first place!
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
More from our property insider as we look at the latest from the market. Are listings really on their way up?
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
New research from NAB suggests the average Australian feels only “moderately” stressed about money or making ends meet, but also only “moderately” comfortable they are on top of their finances, could manage a major unexpected expense, and are on track to have enough money for their future financial needs. But averages mask.
They say over 4 in 10 (43%) Australians experienced some form of financial hardship in Q2, and is now up from 29% in early-2022 amid rising inflation and higher interest rates. Money is “very much” a source of stress for 1 in 3 Australians, and 1 in 4 are struggling “very much” to make ends meet.
Financial hardship can happen at any time, and is often the result of sickness, job loss or over-commitment, but rising interest rates and cost of living is now also causing financial distress in more households.
The worsening financial situation reflects a number of factors. First, the roughly one-third of households with a mortgage are obviously being smashed by the RBA’s 4.0% of interest rate hikes, which has lifted variable mortgage repayments by about 50%. The situation facing this cohort will only worsen if the RBA hikes further. There are also around 500,000 fixed rate mortgages that will expire over the second half of this year, which will reset these mortgages from rates of around 2% to variable rates approaching 7%:
Second, the roughly one third of renting households are experiencing explosive rental growth, especially across the major capital cities: Rental inflation will remain turbo-charged given the federal government is running the biggest immigration program in history amid falling housing construction rates:
Finally, overall cost-of-living pressures are impacting all cohorts, driven by the hyperinflation in energy (gas and electricity) prices along east coast Australia.
3 in 10 Australians do “not at all” feel they could manage a major unexpected expense, and 1 in 5 do “not at all” feel on top of their day to day finances, or believe they are on track to have enough money to provide for their financial needs in the future.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
This is an edited version of my latest live stream which was an important live discussion with Robbie Barwick from the Australian Citizens Party as we discuss the upcoming censorship bill relating to Social Media, the attempts by Banks to strangle communities and abolish cash, and the risks emerging from Central Bank Digital Currencies and other measures designed to remove hard earned societal freedoms. And we may also stray into international politics and global agendas too!
Go to the Walk The World Universe at https://walktheworld.com.au/
Our latest chat with our property insider, Edwin Almeida including a walk round a property being converted to “budget accommodation.
https://www.ribbonproperty.com.au/
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
Australian employment surpassed expectations in June and the jobless rate held at a lower revised rate, underlining the labor market’s resilience to rapid interest-rate increases.
The jobless rate remained at 3.5%, having hovered in a range of 3.4%-3.7% since June last year, Australian Bureau of Statistics data showed Thursday. The economy added 32,600 roles from a month prior, more than double estimates, and employment has now risen in nine out of the past 12 months.
The data increases pressure on the Reserve Bank to resume raising rates, with money market bets implying a better-than 50% chance of a hike to 4.35% at its Aug. 1 meeting. The Australian dollar extended earlier gains, rising to 68.25 US cents. Three-year bond yields jumped 12 basis points, heading for their largest one-day increase since July 7.
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.
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Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.
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The Australian Government has released an exposure draft of the Communications Legislation Amendment (Combatting Misinformation and Disinformation) Bill 2023.
This is an attempt to curtail free speech and allow greater Government control over what we think and say – very 1984, as I discuss with Robbie Barwick from the Citizen’s Party.
We have 21 days to voice our opposition. Just as we did with the cash ban.
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
The Australian Government has released an exposure draft of the Communications Legislation Amendment (Combatting Misinformation and Disinformation) Bill 2023.
This is an attempt to curtail free speech and allow greater Government control over what we think and say – very 1984, as I discuss with Robbie Barwick from the Citizen’s Party.
We have 21 days to voice our opposition. Just as we did with the cash ban.
http://www.martinnorth.com/
