Our Economic Update For July!
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- Опубліковано 9 лип 2024
- This is my quick economic summary for July, where I look over the recent data highlight some of the key questions ahead.
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5:40: Looks like it's a familiar theme now for Western countries. Have staggering levels of immigration, than have really ambitious housing supply targets.
All while trying for net zero. Yep, the BRICS countries have a good change at world domination.
Thanks Martin.
Cheers Martin.
Martin, did you check out what happened with council rates in NZ? Not only have the rates gone up significantly but the council can now deduct the rates directly out of people's bank accounts without warning. This will force some people to sell and is the kind of thing that is pushing hard working kiwis into Australia.
Simple solution is take money out of banks ;-)
Yes, another pressure point... madness....
10 years , and it Hasn't happen yet !
BUT one Day , it will Happen !
I think Martin has been going longer than that. 2003 I think.
Of coarse it will, just prepare and it won't matter to you or I.
@@williamcrossan9333 ok , 20 years
Telcos put up their prices! Optus and Telstra!
politicians are also property investors with large portfolios. Do you really think they are gonna fix the housing nightmare anytime soon?
Please tell me property price is going to crash.
It won't, you'll just find more people on the street and more crime as in Auckland. I think I'd rather move to Australia than back to Auckland. It's a rip off and people live to work for low wages unless very skilled.
Property price is going to crash. There you go. I have no idea if or when it will happen but I told you.
@@NerdENerd I don't think it will crash that much as long as internationals can purchase through trusts. It will only crash if they no longer see land as an investment for some reason.
2:57 this all falls at the feet of APRA, allowing insane levels of mortgage credit for the last decade.
Yes. Big part of the problem...
Martin, any plan to do visual podcasts?
What is obfuscated to most intelligent investors is how technology evolved. Using the US as an example (since I am intimately familiar), ubiquitous internet access used to be provisioned by telecom territory. This truncated AI sprawl slightly, for a time. Now that IPv6 broke those barriers, AGI is blackboxing central currency controls and the traditional hidden hand. This civil war will widen and cause more collateral. Built in to modern economics is the case where winners are poster child'd while collateral already has a incorporated censorship. Winners write history.