Some of these scenarios will hit more locally, and others more globally. It should be no surprise that I see the first possible scenario…
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.
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.
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.
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.
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…
These politicians will be roasted in history, not just for creating the greatest bubble ever, but for extending it far beyond any logic.
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.
A headline from The Wall Street Journal: ‘Social Security Expected to Dip Into Its Reserves This Year’. What reserves? Ah…the ‘Trust Fund’. But what’s in the trust fund? What else? US Treasuries.
Having had so many years without a crisis has meant that Australia is one of the few countries in the world still able to offer a range of opportunities. But, there are worrying signs.
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.
When the economy is hot, you’re supposed to be cool, with budget surpluses. When the economy cools off, you then heat it up with more spending. But currently, the US government is conducting a pro-cyclical…
Bitcoin could very well not exist in 100 years…but, so what? Throughout history many currencies have gone bust. Some even in a relatively short period.
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.