The Latest On Credit, CPI And Other Things (A Shocker)

[@WalkTheWorldDFA]

Podcast edition at: episodes.castos.com/dfa/July-Data-1.mp3

[@acgolem]

I hope you're doing alright Martin. Really appreciate these updates, especially at such a tough time for you. All the best to you and your wife from NZ. You're a good man.

[@WalkTheWorldDFA]

Thanks - appreciated, we're hanging in...

[@AussieStandsWithRussia]

When it all goes bad we will remember the man that gave us a head start

[@angelheart408]

You are worth your weight in gold Martin 🥇

[@elzorro8787]

Hope your wife gets well soon Martin. It's unbelievable how you're still feeding us all this invaluable information. Without missing a beat. Family first and foremost. If you haven't got time for anything else, it's perfectly understandable. You take care.

[@ChasingMidnight001]

Only two weeks for submissions - Most of Australia has no idea how important DFA/ITIOTP are!! THHX

[@joejingojack]

This is very sad.

[@MarjjorieDawes]

I've thought about writing a submission but I think it's best to stick with my plan and give up on the country / bet against it. If you're under 30 pack up and leave, take your kids with you. Don't bother.

[@xpro2009]

@@MarjjorieDawes If you bet that the country would fail; essentially you are praying that it would fail so you win on a bet. I think that is one of the main reason we are on a recession. Too many on the wall street are hedging/ leveraging their money for a systems failure and to make sure they win they take actions that are disadvantageous to the nation as a whole. Apparently however the effects was global in scale. And yet here you are expressing the same technique. Hope your win is big enough numb your conscience of the suffering of the multitude.

[@margaretobrien4851]

@@MarjjorieDawes you will probably find that the banking system is in control no matter where you go. NZ and Australia is made up of people who moved to get away from a problem (willingly or unwillingly) so that is in our DNA, however now there are few places to go and little chance of escape. If you want things to be different now you have to stand where you are and make that happen.

[@mickusachus]

My dad reckons you are spot on mr north. Great job.

[@WalkTheWorldDFA]

Thanks

[@arthurdent1959]

@11:30 housing down 0.2 , lowest since 1998. I remember 1998 very well, the Asian crisis. I owned an IT business (in NZ) with 11 staff, we took 30 calls an hour in response to a small advert doing computer upgrades. The calls just stopped. I remember contacting the phone company to check that there was not a fault with our phone lines. Within months I had to do a runner from the premises, auction off all the assets, down sized to two staff and I went back on the tools. I was lucky to get out of that with my house as the business loans were secured by my home and ended up being 80% mortgaged. I see signs that the same is about to occur, good opportunity for those that are prepared.

[@malayrojak]

Credit growth? How about channel growth? Was here when there were 2k subs. Your "Branch" is getting overloaded Martin!

[@xrist0sl0l82]

Article just released by Sydney morning herald building approvals Down lowest housing volume sale since 1991 prediction of 100k people to become redundant in construction sector. I'm sure Martin will touch on this in a future video but I think we are edging close to the point of recession does not matter what policy they change or how low they take the cash rate if people don't have incomes the bubble will burst with the economy with it

[@xrist0sl0l82]

I wrote this before I watched it he touched on the building approvals :)

[@graymorkem6759]

Food and non alcoholic beverages up 2.4 is missing a zero at my house Martin. It should be 20.4. Even milk went up 10% due to a levy.

[@UltimateBargains]

Seems like standard operating procedure for the government: The economy is weakening rapidly, so hit it with more taxes. The beatings will continue until morale improves.

[@BatmanRZ]

Legit knowledge gold here, how you dont have a million subscribers now baffles me, Oh thats right, majority of people are stupid

[@johndouglass3010]

Australian people are interested in sport. If a sports celebrity said the same info as Martin, John, Edwin, Joe then the mass media would report it as Australians would be interested to know. Remember the football player stating biblical anti-gay platitudes and it went main stream. Martin needs to speak economics with sporting cliche to get the average Australian to give more than a secondary interest.

[@nickbailey9442]

Great info. Im in new zealand. No subs cos people don't like to have to actually think about stuff. People that watch this are the kind of folks that should actually run a country but we have a system thats lazy and we will all pay for it.

[@coasteyscoasteys]

@@johndouglass3010 Martin should get a celeb on the show

[@xpro2009]

@@kingston163 They are not that stupid. They simply got indoctrinated by the other side. These things are hardly given any attention in the universities.

[@chrish9155]

It’s unbelievable. So many houses an units are listed for sale in Mosman on realestate website. It’s weird.

[@bondisteve3617]

Great work Martin! At a critical time in the Howard ending. Many thanks.

[@will1964]

Martin , great content again. Can you try link in with David McWilliams Economist in Ireland. One of the few economists who consistently gets it right and called the Irish and GFC crisis.

[@angusmac4482]

Good idea, he focuses on making economics interesting and understandable for the lay person. He's across global issues too and has given talks in Australia in the past.

[@kyliepechler]

Martin had a good discussion about what happened in Ireland with financial writer, adviser and broadcaster Eddie Hobbs, who lived through the financial crisis in Ireland. kzbin.info/www/bejne/Z5nMaJqMbtqsgZo

[@bluesky9855]

Thanks Martin! for your good work.

[@zwarst]

Demand in an economy is the key driver to improving conditions, applying negative interest rates is akin to shooting blanks with a sniper rifle at the moon -makes no sense.. What does make sense to me is that NIR is the key driver to centralise the means of currency use at a new unprecedented levels resulting in unprecedented & unexpected consequences on a persons freedoms & independence in the near future..

[@mgrahamization]

The theory... and its just a theory (and Im not seeing signs it works), is that anyone with money will be forced to spend it.... like...great. So, maybe people dont want to spend it as its cash reserves incase they get into trouble. This is why it is reckless and a sign they have lost control of capitalism and the whole system.

[@arunperth]

I like this no non-sense channel.

[@evogardens]

Kimberly Clark closing its Huggies factory and moving to China, hundreds out of work.....this country is pathetic.

[@evogardens]

@chris0tube Thanks for sharing that with us. Hope she finds something permanent soon.

[@evogardens]

@chris0tube Agreed. Unfortunately we are a nation of " hand sitters" and no one has the guts or time, to stand up and lead a rebellion. Someone like Dick Smith maybe.

[@DineshSingh-qk6bt]

@@kingston163 the economy is in bad shape, there is a business Visa from government to invest in government bonds, and it indicates the reality of the Australian economy. People who does purchasing are the international students

[@brucehendo]

This is just a multi-national group focused on a bottom line and shareholders. Trump would not tolerate this...

[@karl4834]

How good is the economy! Cheers Mr. Morrison.

[@johnl4469]

Thanks Martin, very much appreciated mate.

[@voodoodoctor1435]

The system needs a reset and we shouldnt get distracted with all the bandaids they are putting on the terminal patient .

[@DineshSingh-qk6bt]

You mean reducing the Australians wages by half or degrading Australian dollar value by at least half

[@tonycoz2309]

Let the bubble burst and reset the economy. Its the natural cycle of boom to bust of the capitalist system.

[@DineshSingh-qk6bt]

@@jondoe5536 because of migration, property price increased. People started earning money by buying and selling property ( core reason of increased house price ) now the migration is totally stopped ( the people who have money to buy house will not spend money because of no PR in Australia ) hence people of Australia have to work hard to pay of the debt and it is not going soon, Australia is stick for atlease 35 years. Unless the migration is opened again.

[@DineshSingh-qk6bt]

Just imagine , if Australia did not had any migrants in the past, would the price of property be high like today? I think no, for me the core issue started from migration and now the government have stopped migration. Of course there are traffic jams, but please think, when the next generation will start driving then whom the government will blame?

[@DineshSingh-qk6bt]

@@jondoe5536 That is 2017, it was the time when the housing market was at a peak (because of immigration intake), in 2018 the immigration was reduced today it in 2019 the immigration is significantly reduced. (only 18000 people per year) you will see, even if the lending of loans is made easy, still people will not buy houses.

[@steveclayton4249]

Hi Martin, what do you think the reason ANZ level of loans is going down whereas the other big 3 continue to increase their loan book?

[@brucerichardson7964]

will the bank pay you to have a mortgage ? I'm un sure how it works... we sold our property and banked the currency..so now what does one do?

[@johndouglass3010]

Americans would never accept limits on cash , so one could see the US $ becoming ever more sought after as Australians and other nationals start to store folding US $ currency like in 3rd world countries. The Aust. Currency Bill 2019 will just trash the AUD as Australian citizens abandon their own currency. The USD could possibly be the single world currency by default.

[@nickbailey9442]

Naaa sorry yours is going too lol Just will take a bit longer as the masses are slowly reprogrammed. How offen do you use a credit card?

[@kyliepechler]

@John Douglass, anything is possible in America now. They've showed this by successfully getting Trump into the White House.

[@lorenac7329]

@Walk The World do you think perhaps ANZ is winding back it's OO and Investment lending because ANZ could be one the big 4 most at risk of being insolvent? Hmmmmm

[@davidlazarus67]

Lorena C Chances are that they are de-risking their portfolio as fast as possible. As a big bank they will be guaranteed a bail out via QE. So they maybe trying to eliminate their risks overall.

[@WalkTheWorldDFA]

They were the first to drop standards recently to try to get new business, it did not work... They jettisoned other businesses to focus on mortgages, looks like its not worked... so far...

[@bondisteve3617]

You get the "Cupie" doll!

[@lorenac7329]

@@bondisteve3617 oh blaaaaah....if you don't ask you get 🤷‍♀️

[@bondisteve3617]

@@lorenac7329 Sorry.

[@MarjjorieDawes]

So funny that there's always a single dislike on every post, must be Scott Morrison or Jane Hume?

[@tomsoleymanbik3266]

So if we have the biggest debt in the world, then you would expect credit growth to slow. This should be a good thing right? Yet you make it out as if it's negative.

[@OnePunter]

Martin is not saying credit growth is good but the damage has already been done. As the inevitable slow down in credit occurs, property declines and borrowers go into negative equity as has started to occur.

[@WalkTheWorldDFA]

The key is the link to the rate of change of debt and home prices - this trajectory says prices will fall, not rise - and I have said many times too much debt in the system, we do not need more...

[@dylto8086]

thanks martin

[@kiyanriahi]

so many negative stats this time around impending reset coming its interesting in boom times people think good times can last forever whereas the bad times are more painful good old economics do its thing and the cycles of booms and busts

[@melhoss6301]

How is there more negativity now than in 2008 ? 08' makes this news look like a sunny day. Word to the wise, dfa has some good content, but regardless of what the true state of things are, Martin will continue to post with a negative bias, as it's what his followers want, and he knows it, obviously they are the ones who donate to him, you've seen the donation links, he'd be silly not to. But keep that in mind when watching, this show has an agenda now, not like before.

[@angusmac4482]

@@melhoss6301 Word to the wise. On the surface everything looked sunny in July 2008. Then in September... not so rosey. What was it they all said? Oh yes 'they never saw it coming'. It wasn't true then and it won't be true next time either. Only the weather looks sunny this July.

[@wingkeechan5329]

Defence against the war on cash. Hold Singapore Dollars. Their largest denomination is S$1000.

[@acgolem]

Can you give some more detail on this idea. Thanks.

[@wingkeechan5329]

@@acgolem, www.mas.gov.sg/bonds-and-bills/Singapore-Government-Bonds-Information-for-Individuals

[@nickbailey9442]

Cash is and will be removed from all economics in the next 10 years. Theres a choice coming and 99% will not understand it. The next gen is being dumbed down and made lazy for a real reason. Humanity is about to under go massive change. New tech new thinking and a whole new idea of work.

[@graymorkem6759]

@@nickbailey9442 Your spot on but the zombies or sheep dont give a rat's

[@nickbailey9442]

@@kingston163 so many industries are over... its all becoming a moral question. Greed and let the good times roll seems the current policy

[@voodoodoctor1435]

Lobby your MP , hahahahahaha funny guy , you be better of giving them notice that you no longer consent to be governed .

[@charlesponzi9608]

Government is mind control slavery. Not in my name. I do not give my consent.

[@aukekovic4721]

Thanks

[@wingkeechan5329]

Credit growth in consumption would be 10-20X the rate of CPI...

[@CookieMonster-wy4qb]

Thank u Martin !

[@TotalHunter]

No more Huggies made in Australia but the economy is doing great

[@andybee2958]

You could take out all your cash and invest in one of Ralan Groups off the plan apartments.

[@WalkTheWorldDFA]

Yep they just folded I understand...

[@andybee2958]

@@WalkTheWorldDFA Maybe they cant borrow anymore of this cheap money to keep them afloat. And the public cant afford the huge mortgages anymore.

[@bondisteve3617]

Great! Thanks Andy I'm in.

[@kienhwengtai8113]

Put all your cash in Deutsche Bank shares!

[@MrADTNZ]

Read an article on interest.co.nz...business,s are in very real trouble...struggle city

[@world-uk2vj]

Restricting cash transactions sounds deflationary

[@charlesponzi9608]

Buy low and sell high. Astute and savvy investors have already sold.

[@angusmac4482]

A Bankster's fairytale. This is the perfect theme tune. GoodFellas: FUCK YOU, PAY ME | kzbin.info/www/bejne/fanChZZ8bJiUqac

[@philleach6271]

👍

[@GregTyson]

1

[@evogardens]

🆒️🏆

[@kyliepechler]

🥇 💎 🍹

[@hdyk5729]

What does IMF really stand for ?

[@tomtesoro7994]

ALL BANK AND ECONOMIC COMMENTATORS SHOULD ALL RESIGN!

[@antonurbas9011]

First

[@GregTyson]

Commiserations

[@melhoss6301]

These comments are becoming a literal joke, it's like doomsday prepares in here. Beware the barber who tells you you need a haircut, but most of all beware the KZbin economist who tells you the economy is about to fall. The bald Perth guy from the other day has to be satire yeh ? All he talks are anectdotal story's about playing cricket as a kid, why was that even an episode, must be slow week for news eh Martin ?! Gotta keep those donations rolling in though right Martin, daily doom for those who need it !

[@angusmac4482]

What rotters spoiling the lucky country narrative with dastardly data and reality-checks! And now there's that awful Australia Infelix website that reports on recent sales in suburbs across Australia. Australia Infelix | kzbin.info/door/zBrCZp7grE5o8ZF5ccSolQvideos The picture he paints on WA has figures and detail and who knows, he's probably got a full head of hair! [Western Australia] Consolidated data from 100 recent house sales in WA | kzbin.info/www/bejne/pp7KZYuLap5mm6M