What about a gap year for retirees? A year to transition from that adulthood and full-time job into the cushier twilight years. That’s the proposal from Aged Care Minister Ken Wyatt anyway...
Politics and History
Our editors look back to previous periods in politics and history to discover the parallels with today’s market and how this can help your investing.
History doesn’t repeat, as writer Mark Twain once wrote, but it rhymes. For an entertaining and informative romp through financial disasters and bull markets of yesteryear, plus the legendary investors who made a fortune and the foolish knaves who lost their shirts, read on…
So, you’d expect to see Team Trump taking charge. But instead, it shirks. Rather than take the lead, it asks Congress to sweat the Iranian nuclear deal, to trim up Obamacare, and prune the tax code…and so forth.
We’re executing a wide flanking movement, trying to round up as many ‘dots’ as possible to get a fuller, more accurate view of what is really going on. In particular, we’re trying to understand why the US government doesn’t work the way it’s ‘s’posed’ to.
Surprisingly, tension between North Korea and the US has done nothing to dim investors’ confidence. Even as missiles fly over Japan’s head, investors continue to buy equities. A reasonable explanation for why investors continue to buy, is because they’re not fazed by bad news.
Why did voters and investors turn their lonely eyes to a reality TV star…and put their trust and faith in a bombastic huckster, rather than a more conventional scallywag? In short, the fix was in…and Mr Market knew it.
Most public figures are, at least in part, scoundrels. It would be an amazing thing — especially in America — if Mr Trump were an exception. He’s part of what makes it such a pleasure to be an American. The show never ends…
With global tensions rising by the day, there’s a good chance the world’s heading towards another war. Copper is arguably more important than any other metal when it comes to military applications. It’s a vital component in ammunition, ships, tanks, helicopters, rifles and thousands of other military supplies.
US economy is running at about one-half to one-third of the rate of growth during the 1960s and 1970s. And by our estimation, more than half the country has been in a depression for the entire 21st century.
Turnbull is trying his hardest to keep the plant open, extending its already long life. But keeping it running beyond its scheduled closure in 2022 would cost as much as $900 million.
Today, Prime Minister Malcolm Turnbull will put his case to the Council of Australian Governments to demand that all Australian states and territories hand over their entire database of drivers’ licences under the pretence of strengthening national security laws.
Neither corporations, nor the middle class, are big taxpayers. The big taxpayers are the rich — the people the Trump team has promised not to favour with a tax cut. And even if you did give the rich a tax cut — which is what this tax proposal really is — it would be very unlikely to result in additional growth.
In times like these, filled with global uncertainty, provocative presidential tweets and rogue nations, commodities are waiting with open arms. Gold in particular, provides a shiny safe haven from a rickety marketplace.
Meanwhile, back on the World Wide Web comes news that the US economy is not the only thing being undermined by the feds’ win-lose deals. So is the oldest win-win deal on the planet: the family.
As a result, the US empire is headed to bankruptcy…or to Hell. It would take a remarkably talented and determined leader to alter the direction of the march. Donald J Trump will not do that job; instead, he busies himself on Twitter to keep his fans distracted.
People grumble. But few understand what is going on. Instead, they are easily distracted by debates over monuments…kneeling athletes…red versus blue…celebrity newscasters…and so on. And that’s why Mr Donald J Trump is the president. For this system to continue, someone needs to divert the masses with petty squabbles…while the insiders pick their pockets.