Australia and New Zealand Banking Group [ASX:ANZ] (ANZ) yesterday announced 250,000 of their customers were using Apple Pay.
We knew the romance around the ‘sharing economy’ wouldn’t last forever. Uber and other ‘sharing’ businesses have had a neat run of it.
One of the most important recent developments is the emergence of virtual currencies (VCs). VCs are issued without the involvement or backing of a state.
The Aussie property market is hugely overvalued. Households are taking on incredible amounts of debt to pay for properties that are on the verge of a massive price collapse.
–All-time highs in the US again overnight! –Only this time, the major exchanges acted in unison. The Dow, the S&P 500 and the NASDAQ hit all-time highs together for the first time since 1999. –Nothing major happened to send the…
Fully automated vehicles could create a whole new investment wave as savvy investors buy into fleets of autonomous cars for the new rental market.
China is churning out oceans full of unprofitable steel because it’s the only way it can keep economic growth from stalling. To state the obvious, this is an unsustainable growth model.
Australian apartments could soon experience a rapid drop in prices. But not just any apartment. Off-the-plan apartments seem to be in for the worse of it.
If taxpayers are the implicit backers of troubled banks, the banks should pay a fee for it. As it stands, they’re getting a free ride, and no doubt loving it.
According to our resident property cycles guru, Phil Anderson, you shouldn’t worry about this too much. It’s not going to have an effect on the long term cycle.