Technology, an over-indebted economy and government, and the exhaustion of monetary policy mean banking is under threat from all sides.
Most things you can learn from economics are wrong. Figuring out why they’re wrong has plenty of value though. It allows you to predict things that others don’t see. The neutrality of money is a great example. Most people who’ve studied economics believe that you can fiddle about with the supply of money without affecting … Read More
We were supposed to run out of oil eventually. They called it peak oil. But it will never happen now. At least not how you expected. Introducing… the Electric Age.
It’s very strange to see the world going on a bank regulation witch-hunt. Most people have acknowledged that central bank action is distorting markets right now.
Humans are greedy enough as it is. If they’re not borrowing at record low interest rates, there’s probably a reason for it. Maybe they’ve borrowed enough already…
If interest rates are low enough, borrowing can smell like the very win-win scenario that brought sub-prime borrowers through mortgage brokers’ doors.
The day when an Australian treasurer declares your superannuation assets as a national asset is coming. Actually, it’s creeping in the form of new taxes.
Everything is awesome, so why the agitation? It’s because Lord Stock Market actually has no control. He needs the propaganda to keep the charade going.
The thing is, staying in cash is an expensive option this time around. Interest rates are very low compared to 2007.
Australia’s financial industry is getting away with murder. Forcing people to put money into superannuation and then charging them high fees.
So where does the trade-off trade off? How low can interest rates go before Glen Stevens’ hair catches fire on the interest rate limbo stick?
Russia and its supporters have nothing to gain from attacking civilians. Russia and Putin were winning the propaganda war until recently…
Stock markets around the world keep going up. Australia’s stock market keeps going sideways. The duct tape holding markets together is fraying at the edges…
A lot of people have a lot of claims on not enough iron, copper and other resources. If borrowers were to default, there would be a run on the collateral system