Category: Economic Data

The Never-Never Evergrande!

Well, the China Evergrande saga rumbles on, as the ramifications of an easing Chinese property sector play out. Bloomberg reported that some China Evergrande Group bondholders received an overdue interest payment shortly before the expiry of a grace period, buying more time for the debt-stricken property developer as it tries to raise cash through asset sales. The shares were up nearly 10% on Friday to 2.78, well off recent lows, but then if you take a longer – say 6th month view then the story is rather different. Still on the mat. Though I still see some analysts saying both bonds and shares are a distressed bargain… we will see.

Certainly. certain holders of the 9.5% dollar note maturing in 2024 received notification they had been paid last Thursday. Evergrande skipped an interest payment due Sept. 29, starting the clock on a 30-day grace period before investors could declare a default. It’s the second time this month that the debt-stricken property developer avoided default.

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Employment Numberwang 2.0

TV show That Mitchell and Webb Look included many recurring sketches, including Numberwang which is a “maths quiz” game show in which two contestants, Simon and Julie (Paterson Joseph and Olivia Colman), call out numbers until the host (Webb) declares “That’s Numberwang.” The rules of the game are left completely unexplained to the viewer, and appear to follow no logic whatsoever, to the point that sometimes the gameplay contradicts itself (for instance, a character giving an answer which is deemed wrong, immediately followed by another character giving the exact same answer which is deemed correct.) Despite this, all character’s onscreen act as though the rules are clear and obvious.

I think the ABS employment data, out today follows the same rules. according to figures released today by the Australian Bureau of Statistics (ABS) the national underemployment rate increased by 0.3 percentage points to 9.5 per cent in October 2021.

Go to the Walk The World Universe at https://walktheworld.com.au/

Last Chance Saloon, High Stakes, Big Talk, But Is That All?

Ahead of COP26 we look at what the significance of this massive event might be, what is being tabled as an agenda, and what outcomes are being sought.

We also look at the role banks are playing in the investment in fossil fuel investments which seems at odds with their green-wash.

Hence, our question will COP26 be more than just talking?

Go to the Walk The World Universe at https://walktheworld.com.au/

Is The Interest Rate Rise Balloon Going Up? – The DFA Daily 28 Oct 2021

In today’s show we look at the implications of the stronger CPI number for the RBA Cash Rate, what banks are doing to prepare for higher rates, and what Canada already has in play. Plus some data on regional migration which confirms our own surveys.

The latest edition of our finance and property news digest with a distinctively Australian flavour.

Go to the Walk The World Universe at https://walktheworld.com.au/

Today’s post is brought to you by Ribbon Property Consultants.

If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.

Buying property, is both challenging and adversarial. The vendor has a professional on their side.

Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.

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.

Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.

Rental Crisis Looms: Property Signs 27th Oct 2021

In today’s show we look at the latest rental data which underscores the pressure many renters are under, examine the last gasp borderline mortgage applications being rushed through before APRA’s tighter rules come in next week, and we look at the comprehensive credit reporting regime, and why people want it further expanded.

Go to the Walk The World Universe at https://walktheworld.com.au/

Today’s post is brought to you by Ribbon Property Consultants.

If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.

Buying property, is both challenging and adversarial. The vendor has a professional on their side.

Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.

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.

Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.

FINAL REMINDER: DFA Live 8PM Sydney Tonight: Damien Klassen – Investing Now…

Join us for a live Q&A as I discuss the latest from the investment market with Damien Klassen Head of Investments from Walk The World Fund and Nucleus Wealth. Is the outlook inflationary or deflationary? Are rates set to rise and will markets correct or charge higher? https://nucleuswealth.com/

You can ask a question live via the YouTube chat.

Central Banks Play For Time As Inflation Bites

In today’s show we look at the inflation debate again, as Central Banks are still talking up the transitory nature of the inflation in the supply chain, and believe it will fall sometime. In this environment, one way for monetary policy makers to thread the needle is to use hawkish rhetoric -– to keep a lid on inflation expectations — while holding back on the actual interest-rate increases that would slow the recovery.

The latest edition of our finance and property news digest with a distinctively Australian flavour.

Go to the Walk The World Universe at https://walktheworld.com.au/

Mortgage Moves And Other News: The DFA Daily 18th Oct 2021

In today’s show we look at big changes to mortgage rates from the biggest Australian lender, CBA, mortgage delinquency expectations, and the strength of the economic rebound as Sydney and later Melbourne reopen.

Go to the Walk The World Universe at https://walktheworld.com.au/

Today’s post is brought to you by Ribbon Property Consultants.

If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.

Buying property, is both challenging and adversarial. The vendor has a professional on their side.

Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.

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.

Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.

Things Are Now Getting REALLY Interesting! – With Tarric Brooker

The latest in my Friday afternoon discussions with Journalist Tarric Brooker, who shares some of his recent research and slides on the economy, Evergrande, US Households, and much else besides. Things are getting really interesting – especially the vexed question of inflation, stagflation or deflation.

Tarric is @AvidCommentator on Twitter.

Go to the Walk The World Universe at https://walktheworld.com.au/