Spark Your Fire (OZ Property/Crypto/Shares & Macro)

Weekly news wrap-up!

July 17, 2020

News references - 

The Treasurer announced yesterday that Australia's effective unemployment rate is 13.3%. On Thursday next week, the government will release the first economic update since December last year, which will include a revamped JobKeeper scheme. (source - https://switzer.com.au/the-experts/switzer-daily/5-things-you-need-to-know-today-179/?utm_source=rss&utm_medium=rss&utm_campaign=5-things-you-need-to-know-today-179 ,  

Regional property market to benefit from covid - 
https://www.macrobusiness.com.au/2020/07/regional-property-markets-to-benefit-from-covid-decentralisation/ ,  

Shane Oliver: No property price recovery until 2025.
(https://www.macrobusiness.com.au/2020/07/shane-oliver-no-property-price-recovery-until-2025/ ,  

Fed structure change to buy stocks - 
https://www.investmentwatchblog.com/fed-has-arranged-structure-that-allows-them-to-buy-stocks-once-they-announce-it/  

30-Year Mortgage Rate in the US is below 3% for the first time in history: 2.98% - 
https://www.wsj.com/articles/30-year-mortgage-rate-reaches-lowest-level-ever-2-98-11594908357#:~:text=In%20a%20year%20of%20financial,50%20years%20of%20record%20keeping.