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Martin North
@DFA_Analyst
Finance Sector Analyst and Principal Digital Finance Analytics
Sydney Australia
Joined December 2013
Posts
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    1) This morning at 5:30am my beloved wife of 27 years Gill died from Mesothelioma. Its caused by Asbestos - one of ~4,000 who die each year from this cursed product in OZ. She devoted her last days to telling the Asbestos story and was excited to see the recent media coverage.
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    While keeping social distance, I attended 3 auctions today - not one purchaser showed up. The auctioneers went off, tail between legs. People, the property crash has commenced, if this is reflective of other areas.
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    A final farewell to Gill....
    00:00
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    So RBA is trialing a Central Bank Digital Currency, as APRA works the with Banks to ensure they can handle negative interest rates. These new "tools" will offer greater control over our spending patterns and should concern us all. Are we sleeping walking into central control?
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    Last view of Illawarra beaches as I head to the airport
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    So 50k (or 40%) of super to be used to help buy a house, and then when you sell you can put the 50k back plus gains into super. Yet another scheme to try to prop the market up.... latest "great" idea from Scomo....
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    This week had chats with 5 renters, all of whom were served with a rent increase notice of 19%+ AND a notice to quit if they did not roll over. Many in QLD specifically. Housing is broken.
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    QUESTION: Why is it that housing availability and affordability is hardly being discussed in the main stream political campaigns? A few nods here and there, but to me, alongside Climate, this should be right up there in terms of policy, and choices! Come on journo's do your job!
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    Suspect we are close to a Lehmans moment..... next few days will be interesting as liquidity is crashing.... yet with high inflation, they cannot cut rates.
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    Luna and Meteor arrive safely in Bath after a week away from me. Thanks to Jet Pets for their hard work! Wonder if their Aussie barks will be understood by the locals? Some very traveled dogs... ๐Ÿ•๐Ÿ•๐Ÿ•๐Ÿ•๐Ÿ•๐Ÿ•
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    We need assurance that i) cash will be safeguarded as a continuing medium of payment, without control and ii) that no social scores will be in any way associated with CBDC and anonymity is guaranteed. If not, 1984 here we come...
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    Lots of reaction to the RBA FOI showing their panic internally compared with the public face on home price falls. But people, remember the RBA created this monster with poor policy, low rates, assisted by poor regulation from APRA and ASIC. They are responsible for the Bubble!๐Ÿ“‰
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    ABS released new weights for CPI - with a fall in housing due to... wait for it - lower rents and electricity! Am I living in the same country???? Numberwang rules again!
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    Signs of the time. Today, four stand alone house auctions scheduled in my area, two were cancelled, one had no shows, and one failed to meet reserve (despite a couple of bidders carefully bidding below the reserve - me suspicious - never). How good is the Real Estate market now?