Westward News

Matt Peterson

Westward News brings you sharp analysis, debate, and discussion on the political, social, economic, and business issues shaping the leading nations of the West. From power struggles in Washington to policy shifts in Westminster and cultural debates in Canberra, we break down the stories that matter. Join us as we navigate the forces driving governance, elections, economies, and society, cutting through the noise with expert insights and sharp commentary. Whether it’s political upheaval, business movements, or shifting social landscapes, Westward News keeps you informed and engaged.

Episodes

  1. 02/14/2025

    Aussies Could Save $1,200 if RBA Cuts Rates Tuesday

    Are you an Aussie mortgage holder eagerly awaiting news from the Reserve Bank of Australia? This episode dives into the potential for interest rate cuts and what it could mean for your finances. We explore how a predicted rate cut could save the average mortgage holder over $1200 a year. We'll break down the numbers: If the RBA lowers the cash rate by 0.25 per cent, a household with an average loan of $642,000 could see their repayments drop by $104 per month. For a $1 million loan, the monthly saving could be around $162. We'll discuss expert opinions: Hear why major banks are forecasting rate drops and what economic indicators are influencing these predictions, including trimmed mean CPI. We'll consider different perspectives: While many experts predict a rate cut, some argue that inflation in the building industry, labour shortages and a strong job market may mean the RBA will hold off. We will look at both sides to help you understand what's at stake. We'll offer advice: Learn how you can leverage potential rate cuts by negotiating with your current lender or shopping around for better deals. It may be wise to know the lowest advertised rate before haggling. We'll discuss long-term strategies: We'll delve into the concept of maintaining your current repayments, even after a rate cut, and how this could save you tens of thousands of dollars and shave years off your mortgage. For instance, on a $500,000 loan, maintaining current repayments after two rate cuts could save you $48,000 and pay off your home two years and three months earlier. On a $1 million loan, this could mean savings of $96,000 and paying off the loan two years and three months earlier. We'll examine bank behaviours: We’ll take a look at how long it could take for banks to pass on any rate cuts to customers and what has happened historically. For instance, CBA has indicated that it may take about 10 days to pass on any rate cut. Whether you're a homeowner, a prospective buyer, or simply interested in the Australian economy, this episode will equip you with valuable insights and strategies. Tune in to understand how the RBA's decisions could impact your wallet and what steps you can take to make the most of it.

    15 min
  2. 02/11/2025

    Trump’s Tariff | Will Australia Be Exempt?

    In this episode, we dive deep into Donald Trump’s controversial 25% tariff on steel and aluminum imports, examining the implications for Australia and its ongoing efforts to secure an exemption. Despite Trump’s initial declaration of “no exemptions,” a key phone call between Prime Minister Anthony Albanese and President Trump raised hopes for special consideration. We explore: Australia’s Case for Exemption: With a trade surplus and critical steel and aluminum exports to the U.S., Australia’s position is unique. We look at the vital role of companies like BlueScope and Rio Tinto, and why the U.S.-Australia defense ties matter.The "Verbal Commitment" Controversy: The U.S. claims Australia broke an agreement to limit aluminum exports, with volumes for 2024 up by over 100%. What does this mean for negotiations?Economic Impact: The tariff could hurt Australian industries, raise costs for U.S. consumers, and stir global economic concerns.Historical Parallels: We explore the 1930 Smoot-Hawley Tariff and the lessons it offers on global trade wars.Political Reactions: From Australia’s government to U.S. lawmakers and former leaders, we break down the political fallout.Retaliation Options: Could Australia retaliate by imposing tariffs or reconsidering the AUKUS deal?This episode unpacks the uncertainty of whether Australia will avoid the tariff storm, its potential consequences, and what this means for global trade. Tune in for an in-depth analysis of the trade war’s looming impact.

    15 min

About

Westward News brings you sharp analysis, debate, and discussion on the political, social, economic, and business issues shaping the leading nations of the West. From power struggles in Washington to policy shifts in Westminster and cultural debates in Canberra, we break down the stories that matter. Join us as we navigate the forces driving governance, elections, economies, and society, cutting through the noise with expert insights and sharp commentary. Whether it’s political upheaval, business movements, or shifting social landscapes, Westward News keeps you informed and engaged.