Walk The World
A September economic update, which highlights why things are going to get interesting in the weeks ahead. Central banks have a headache, as inflation still burns stubbornly hot, but financial stability issues are also emerging, so they have some tricky decisions to make.
And yet the FED has said a property price correction, and stock market correction would be “helpful” in the fight, to say nothing of a rise in unemployment.
Whether we hit a recession or not, in the short-term rates are going higher. This will have significant knock-on effects. Home prices will slide further, and markets will drop again – as they often do in October.
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Caveat Emptor! Note: this is NOT financial or property advice!!
From another point of view it appears that all these policies of the worlds reserve banks have been uniquely tailored to protect and enhance the wealth of the baby boomer generation at the expense of generation x etc, the inflation in wages that we are seeing and the interest rate hikes that are helping to drive down prices of houses and increase the wages for zoomers/millimiuns and even for once generation x, but now with the specific quantitive easy that is tailored to boomers wealth is again screwing the generations born after them . So they won’t be able to afford to have children without stressing them financially,and hence our reliance on bringing in labour from
Overseas at the expense of our “culture “ which probably does need to change as we certainly don’t seem to be having a culture that wants to have kids and allow them to have children (With the same degree of stress free worry that the boomers enjoyed )That’s my observation it’s not a criticism
Martin North is in FAIRYLAND!!! I think he will go to his grave thinking that the world's economic disaster was all poor judgement and stupidity. 😆😅🤣😂
RBA removes rents from CPI, problem solved.
Never mind with, hanging on… how's the Margret Thatcher "clone" doing in the UK, then? Wait-What-OOPS!!📉🔥😱
Barring a miracle rebound this time, an extended bear market is afoot, and redemption requests and liquidation selling will be harder to avoid.
Just saw the news that OPEC is considering cutting output for 1 million per day, if that does happen, oil price increase will be back, US inflation will stay high for foreseeable future.
Another great video. Thank you again. 😊
Your narration has dramatically improved. I'm guessing you switched from verbatim to bullet points? Thank you either way 🙂 I watch almost every video you produce.
I’m depressed about the coming depression.
Martin – I love you but you didn't include Volkers.
@15:33 reminds me when you we're predicting -5, -20, -35% housing crash for covid, totally wrong and crushed anyone taking your information on board. Corelogic data was the correct information at the time.
Too all the property investors raising their rents, keep it up, let’s get that CPI into double digits!!
Foot on the accelerator and brake simultaneously was called a "linelock" in my younger days – car goes nowhere, lots of wheel spin and tyre smoke. Hold it too long and engine, driveline, or tyres go BANG. Metaphoric gold for the current situation perhaps? Thanks heaps Martin – you're gold mate.
Credit Suisse and Duetch bank will bring all this undone
Great video Martin, would love more monthly roundups
Octobers are goblins crash month
Love your work Martin…
Planed Chaos to bring in Digital monetary control , Surely yous can see this ?
Your worst case scenario for house prices over 12 months is extraordinarily mild. I believe that far more damage could be done over a 12 month period than that. A 30% reduction in borrowing capacity at the same time as inflation is still eroding real purchasing power by 6 – 9% is nothing to sneeze at.
Well Martin. I really don’t know what to believe. The building industry in New Zealand is on fire, can’t get staff in the ones you do get you have to pay too much for. It’s still on employers nightmare.
High US$ is not the strength of the US housing, stock or industrial markets but because big investors in other countries are running to a currency that is RELATIVELY strong. The other one is the rouble … because Russia IS strong … but ANZ can't, won't, buy me roubles? 🤓🇦🇺
… And anyone who thinks inflation is only 6.2% is not in Australia. PS Martin … volatile items costs can statistically be accounted for … it suits the RBA to be ignorant … ignoranter😳
We are in a debt trap…..you cant tapper a Ponzi…..expect volatility…..commodities super cycle starting …..giant energy crisis
On ya Marty dawg
I know it's not popular in this debt driven society but I'm still waiting to see banks offer money to borrow my money. Loans go up on the day, deposit rates have hardly moved.
Hello Martin. Thank you for your updates👍 You mentioned a ‘gilt’ sale in October. Can you clarify please? I take it that refers to a large scale sale of UK gov. bonds. Is it ‘gilt’?
Due to the high number of entitled 18 – 30yo females being ignored by red pill males there will not be enough dead cats available to bounce.🐈🐈🐈
Fed has no problem with obscene QE but doesn't know the implications of QT … And that my friends sums it up.
Tha m you for another great vidieo .
Great analysis as always 👍 No central bank is going to “choose” hyperinflation…this is what these guys are there for and they will crush inflation with rate hikes until it is crushed. The crypto crowd, gold bugs and other morons will argue they don’t have the gumption….but they will be wrong. Big market crash coming once they get the message. What this means for the Aussie housing market is where it gets really interesting. Popcorn time 🍿
Are those house and unit fall numbers in nominal terms? Ie. Once you allow for 3 years worth of inflation (2022-25) the REAL wealth destruction is even worse?
Interesting… The USA officially in recession 3rd quarter down GDP… 1st of October, 2022 .. here's the Link… https://www.youtube.com/watch?v=fo0Ymf4O0xM
didnt the arb run insolvent last week and printed off 37billion to not be insolvent?where the hell do i get my money printer from.
what total b.s
time to riot but no one will in australia .
Ray Dalio, a few months ago, suggested that the US FED was likely to be technically insolvent, BUT that it didn't matter. One part of the explanation for this is that the FRD does not mark-to-market its bond holdings.
Thanks Martin.. Great show.. Maybe it is a good time to switch the super into cash from high growth for a little while… Hhmmmm..
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Rates have had to shoot to the moon super fast since the FED and RBA were so negligent in keeping them so low for so long. Now instead of gradually raising them slowly over a few years and giving people time to adjust they are going to rip the guts out of households overnight. More fine work work from the “experts”.
Martin You are Hanging ON to a Hat. I guess that's because too many people still think we are immune to what's going on overseas. Take note of the number of non believers in the comments below. It's getting closer and closer to a recession. I JUST CAN'T WAIT TO FEBUARY 2023 WHEN THE SHIT WILL HIT THE FAN BIG TIME. Interest rates over 7% and maybe the idiots will start heading for the exists. I am sure thousands will get crushed but just watch the Government pull another feather out of its Ass and try and save the Ponzi scheme ( not a system ) yet again.
Fastest hike following the loosest policy period ever.