Financial System

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.

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.

Why Social Security Must Fail

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.

Crises Leave Their Scars

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.

Bitcoin to Zero?

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.

Markets and Money