Economic flu or just a cold?

February 6, 2020

Economically they used to say, “when America catches a cold the world catches the flu”.

At the moment because of the literal corona virus in China, the world is at risk of catching the economic flu.

Aside from the presidential election and the post Brexit trade negotiations (both of which are the long game for 2020 -being Nov and Dec respectively), the length of time that the world takes to adjust to the economic impact of the corona virus will be the story of significance in 2020.

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Tell me about the future..

June 6, 2019

Anyone can read in the media that The Reserve Bank cut the cash rate yesterday.

I always endeavour to let you know what this means – so that you can plan ahead.

In July 2016 – almost 10 years after the GFC, interest rates had been low for a decade, there was a growing sentiment that they would inevitably rise – which always makes people worry.

I like to take notice of the people who have the RED (rates) button on their desk so back in 2016 I read an article from Janet Yelland (the outgoing chair of the US Federal Reserve) who had just told Congress that rates would stay low for ANOTHER decade – yes until 2025.

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A Buyers Market

January 10, 2019

Most people misunderstand badly the term “buyers’ market” and hence never take advantage of one.

A buyers’ market is one where no-one is buying.

Consequently, it is a terrible time to sell.

In a buyers’ market there are more sellers than buyers, buyers can take their time, negotiate price and/or conditions to suit themselves and if a seller doesn’t “meet” their demands then the buyer moves on to a seller who will.

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Lots of Noise but Very Little Clarity

November 22, 2018

Who wouldn’t want house price to go down? – I’ll tell you who – that would be EVERY person who owns a house.

One side of politics at the moment sets the country against itself – the politics supposedly of the “haves” and the “have-nots”. What a sad way to view life and aspiration.

Here is a truth – EVERY person who buys a house (be it their first or their tenth) wants house price to be down when they buy.

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