Well, it looks like we were wrong about everything. Everything. The Fed. Donald J Trump. The stock market. The economy. Even the weather.
Here at Markets and Money we run a sceptical eye over the banks, the credit market and Aussie housing regularly to make sure you’re never vulnerable to the disasters bankers get themselves into all too often.
You’ll find out why central banks don’t always know as much as they let you think. You’ll be fully informed about Australia’s ‘Big Four’ banks too. They make up around a quarter of the Aussie share market index. Thanks to their privileged position the big four will continue to be a huge force behind the market.
We’ll keep you updated on whether bank stocks should be part of your portfolio (and the times when you should take your money and run).
Our economic winning streak is in record breaking territory. The last recorded recession in The Lucky Country ended in June 1991. But that’s not how life should work.
The Fed raised interest rates yesterday, as expected. The US interest rate is now higher than Australia’s, which is at 1.5%. And, as the economy heats up, the Fed may be looking at two more…
According to the International Monetary Fund (IMF), there have been 147 banking crises since 1970. Many bank crises happen because of excessive lending and taking too many risks.
Commonwealth Bank of Australia [ASX:CBA] share price has dropped by 1.5%. At time of writing, shares are trading at $69.23, down from $70.45 from yesterday.
Death and taxes are the only two certainties in life. They’re the un-pleasantries that you can always count on. But usually, those two things are mutually exclusive from one another. When you’ve left this earthy…
In 2014, I adapted the story There Was an Old Lady Who Swallowed a Fly, to describe the absurdity of the Fed’s actions in handling crises of their making.
The Commonwealth Director of Public Prosecutions is charging Australia and New Zealand Banking Group Ltd [ASX:ANZ] with criminal charges over an illegal share placement which occurred in 2015.
You would be surprised how many people invest based on recent past performance, projecting the present into the future. Economists even have a name for it: extrapolation bias.
First, they faced immense problems with the Royal Commission regarding their financial advice services. And now the bank is facing criticism for a six-and-a-half hour outage on Saturday, which crippled its payments systems.
Markets cannot completely collapse, whilst everyone is expecting one. Markets just don’t work like that. Markets can only collapse when everyone is fully invested and there’s only blue skies ahead.
If you won the $2 million choice today, which would you choose? Would you choose property or gold?
It’s frustrating that these costs from the Royal Commission could have been avoided if those charged with looking after the public interest had not acted out of self-interest.
The circulation of those borrowed monies within the economy is what’s kept the GDP numbers in the positive. For the best part of 30 years, we’ve been compounding our debt pile at an average annual…
While the global economy is strengthening, the recovery has been slow since the 2008 crisis. Salary growth has been sluggish, even with low unemployment. And low interest rates could be part of the reason for…