While I’m sure our own Reserve Bank of Australia (RBA) is more concerned with Aussie figures, we seem to be going the way of the US. Aussie rates have been on pause for years. And the next move might potentially be down.
You’ve probably heard a lot about the ‘Ban Huawei’ movement Trump is pushing. It was enough to get us Aussies on board. New Zealand is toeing the line. But countries in Europe are less obliging.
You only have to go back three generations, though, to see an entirely different world. A world without Twitter and YouTube. A world where you might grow up on the farm, sheltered in a community that knows only what the local paper and passers-by tell them. But it’s just the beginning. So says the father of the web.
Our central bank hasn’t taken us down the road of no return, yet. But we now find ourselves at a pause. Aussie economists are licking their fingers, putting them in the air and seeing which way the wind blows.
The only reason the YES Network is up for sale is because Disney needs to cut the fat. They’re in the process of a US$85 billion merger with 21st Century Fox. And regulators won’t let Disney keep the lot.
Facebook fell well over US$100 billion of its value. Yet look at the company today… The stock is up almost 40% from its low last year. So what did we learn from the Facebook saga?
The slowdown is almost over, Credit Suisse’s John Woods says. Now, as central banks around the world pause, it could be go-go time again. We’ve also seen central bankers in Europe change policy. At first everything seemed fine. The Eurozone was out of the woods, ready to grow again.
An interest rate cut might also help out house prices, and in turn household spending, as the banks start tightening up their lending.
The Union was supposed to create unity and prosperity for all. Working together under one banner, Europe would never again see another war. With a common currency and the free movement of capital (factories and alike), investment would spread across the Union.
The scale of the Big Four is basically secure. That’s as long as they have their unfair self-assessing advantage. Rather than toppling the Big Four, cashless companies like Alipay and WeBank might only make them more powerful.