It´s All Down to Consumers
The Australian economy is growing steady. Commodity exports led the growth. Government and business spending also saw an increase. Yet, consumer consumption is weak.
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The Six Scenarios for Major Financial Crises
Some of these scenarios will hit more locally, and others more globally. It should be no surprise that I see the first possible scenario…
Don’t Buy that House…Yet
Property buyers aren’t in such a rush to get onto the market anymore. The truth is that the property market is slowing…and prices are falling.
What Happens When North Meets South…
With Trump’s unpredictable behavior, it’s hard to say where this will take the US and the rest of the world. Somehow though, he’s managed a peaceful outcome (for now).
It Won’t Get Any Better Than This
The row between Justin Trudeau and Donald Trump, during the G7, angered Canadians. Some are even boycotting American products and cancelling their travel plans to the US.
Winning Streaks Always End
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.
So…What Could the Fed Do Next?
All signs pointed to a quarter-point rate hike coming from the US Federal Reserve’s monetary policy arm, the Federal Open Market Committee (FOMC). That’s exactly what we got after its two-day meeting ended this week.
Fantasy Island
Fantasy Island is a paradise in the Pacific Ocean. The island’s GDP output is $500k. There is no debt. One day, a fellow calling himself Charles arrived on the shores of Fantasy Island.
Europe to Continue Punishing Savers
Back in 2014, the European Central Bank (ECB) lowered interest rates close to zero. Real interest rates in savings accounts were negative. That is, if you kept money in the bank, you were losing money.
What International Investors See…and We Miss
Foreign investment remains a contentious issue. CKI Group’s latest bid might once again come into the national spotlight. But what is it that international investors see that local investors don’t?
Not the Best Bang for Your Dollar
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…
How the Financial Elite Took Over
Free market capitalism requires that markets are fair, and losses accrue to those that take the risks in return for higher rewards. Not anymore!
Corporate Profits Are Crushing Wages, and the Tax Cuts Aren’t Helping
These politicians will be roasted in history, not just for creating the greatest bubble ever, but for extending it far beyond any logic.
It’s a Good Time to Be an Avocado Lover
Two avocados for $4 dollars. Bargain! Want to hear about another Australian staple that is also looking at lower prices? Property.
The Next Gold Bull Market Looms…
Gold had a good start to the year. Punters got excited. But it has pulled back a bit in recent months. The market isn’t interested in gold. But it’s wrong. I believe now is the…