Walk The World
In today’s market update we look at the ongoing volatility hitting the markets at the moment – as part of the October Effect. Wall Street stocks closed lower on Wednesday, unable to sustain a late-day surge, after data showing strong U.S. labor demand again suggested the Federal Reserve will keep interest rates higher for longer. And the Russian directed Opec + confirmed a formal reduction in Oil production to try to keep prices high.
And A fifth consecutive 50-basis-point rate hike from the Reserve Bank of New Zealand (RBNZ) on Wednesday reminded investors that inflation remains the main focus of central banks. The New Zealand dollar was last up 0.14% at $0.5744, having jumped as much as 1.3% earlier in the session. The Aussie dollar was last up 0.12% near flat at $0.6494.
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 alongside 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.
Find more at https://digitalfinanceanalytics.com/blog/ where you can subscribe to our research alerts
Please consider supporting our work via Patreon: https://www.patreon.com/DigitalFinanceAnalytics
Or make a one-off contribution to help cover our costs via PayPal at: https://www.paypal.me/MartinDFA
We also can receive bitcoins at: 13zBL1oRib9VJu8Uc9zUGNhxKDBBgUpDN1
Please share this post to help to spread the word about the state of things….
Caveat Emptor! Note: this is NOT financial or property advice!!
🚨BEWARE OF SCAMMERS🚨
As there are accounts impersonating Walk The World in the comments on YouTube, note that our comments will have a distinguishable verified symbol. And remember that we will never message you asking you to give us money or talk to us on other platforms such as WhatsApp or Telegram
Second and also.. terrible headline 😅
Not Russian, Saudi led.
Carlos!!!!!!
Word is they were not hitting production targets, the only thing that has changed is the target.
Putin's fault! "🤥"
No comment
oil give you an upvote and a share for that pun.
The Saudis have aligned themselves with Russia.
Biden is seen as weak everywere.
There will be blood !……………………………………great flick!
As an oil trader the volatility is crazy, with almost inexplicable multiple percentage moves without any fundamental reason.
Economists grossly underestimate the critical position in the economy. Energy is the currency of any economy. The cost of energy will continue to rise as supplies decline. Debt is committing energy from the future at an unknown price.
We are in serious trouble..the weakest link is climate change.thank god.
Saudi & Russia just said "Let's Go Brandon"
So we got central b(w)ankers trying to weaken the economy. Kind of like an enemy would want to weaken an economy. By crushing wealth. Because they think inflation is not a supply side thing but a demand side thing. They are so wrong. And Opec will teach them this lesson in simple economics.
Either price controls or export controls, except the Australian government which is dumber than pigshit and will happily let gas and coal exporters rip off ordinary Australians…….
Whale oil beef hooked
I wouldn't use ribbon property consultants if they were the last on earth
Doing my bit to reduce our annual fuel consumption, purchased a Hybrid and now smile while cruising past service stations ✅
So much for the Russian Oil Price Cap.
Russian led? That's a bit of a stretch. You really felt the need to throw that in?
MN It would be nice to know the percentage of foreign reserves sold – the raw number doesn’t mean much…
Why do we need to import oil at all, don't we have any oil in Australia. If it's all about saving the planet, then don't come complaining to me, that's what people voted for.
Podcast edition: https://episodes.castos.com/dfa/f0e31a41-8c84-4fa3-868e-31b27cb31a2c-Market-UPdate-1.mp3
Thanks Mr. Martin…where are the new oil Kings in the US and Canada producing profitable oil for …say…$60pb?..weren't they goin' to be the saviours of US oil dependency?
We hit peak oil back 2019 the same year we got a pandemic.. funny that .. and if it wasn’t for the strategic petroleum reserve being released and China’s zero cough cough policy which is very suspicious and probably connected to the peak oil, oil would be skyrocketing.. I’d say the North Sea is in big trouble too .. pound being pounded .. it makes sense when you need to get the world into renewable energy using the global warming hoax and you need to reduce oil demand as you have a declining supply ..high inflation with high interest rates plus supply chain problems and airport staff problems are all working together to bring down demand keeping the oil price low.. as oil prices fly dollar falls .. petro dollar.. we have entered the new era of declining Dino juice .. this is a path briefly walked down in the 1970’s but now it’s a one way road.