PODCAST: 'Devils and Details' talking banks, property, global growth and the budget

(L-R): BI’s Paul Colgan and David Scutt, and guest James Whelan, investment adviser at VFS Group.

It’s been a turbulent few months in finance, both at a global level and here in Australia.

The banking royal commission has exposed shocking practices in major financial institutions and cast a bit of a pall over the sector, with more revelations likely in the coming months as the commission proceeds with its work.

RBA governor Phil Lowe said this week the central bank would be closely watching how the scrunity on the financial sector might affect credit conditions.

At the global level, US job creation is still roaring, but there are some signs that the economic momentum around the world may be starting to ease off.

To discuss all of this we’re joined on the show by James Whelan, investment advisor at Sydney-based wealth management company VFS Group, along with Business Insider’s global markets and economics editor David Scutt.

You can find the show on iTunes, online at this link, on your preferred podcasting platform under “Devils and Details”, or listen in at the bottom of this page.

Here are a couple of charts that we touch on in the discussion:

S&P 500 bouncing off the 200 day moving average, and forming a pennant

Via Deutsche Bank, one of the many indicators that the US labour market is running very hot

Here’s the show. Enjoy!

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