We ran out live stream event last night. During the session we discussed our revised scenarios, taking account of the complex local and international backdrop.
Using a baseline of July 2018, and looking ahead this is how it plays out. The risks from an international crisis have risen, the RBA itself is now projecting higher unemployment so lower wages growth, and the iron ore price is falling. Business and consumer confidence is being eroded, and the fall-out from the high-rise construction fiasco are only just starting to play out.
There is a path to property values rising, but we think this is relatively short lived.
The G7 warns against the early deployment of Stablecoins like Libra. https://www.reuters.com/article/us-imf-worldbank-g20-stablecoin/g20-agrees-stablecoins-give-rise-to-serious-risks-press-release https://www.bis.org/cpmi/publ/d187.pdf Share this:EmailPrintTwitterFacebookLinkedInReddit
We review MYEFO (Mid-Year Economic and Fiscal Outlook 2019-20. https://budget.gov.au/2019-20/content/myefo/download/MYEFO_2019-20.pdf How will it impact the “Quiet Australians”? Share this:EmailPrintTwitterFacebookLinkedInReddit
Edwin visited me in the DFA studio today for our weekly property chat. We discussed the political ball game around property, news from China...