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 latest edition of our finance and property news digest with a distinctively Australian flavour.
We look at trends in the local market.
We look at an IMF working paper which maps the footprint of the top 30 banks (GSIBs) globally. They control up to 75% of...