Do you want to fish in the crowded waters, where the chances of you catching a big haul are slim? Or do you want to go where few are, where the waters are untouched and teeming with potential?
Have you heard of El Petro? It was Venezuela’s solution to restore the faith…The oil-backed crypto was going to be their trustworthy currency. It’s something Venezuela sorely needs, even today. It also had promise to be the solution to erratic boom and bust cycles.
We want to bring you more of the big ideas the mainstreams aren’t. More of the insight that actually leads to huge opportunities. The left of field ideas that hardly anyone has caught onto yet.
We’re a little over a week away from another rate decision. Will they or won’t they cut rates? if the RBA continues to look at unemployment and inflation as leading indicators for the economy, we could see far lower rates than 1.5%. All they need to do is listen to Money Morning readers to see this won’t work anyway.
We need our government to spend more money it doesn’t have on infrastructure. It should create new jobs, and the income from that needs to be spent in the economy, spurring on businesses to borrow more at record low interest rates to increase production.
I’m beginning to think Australia is just one giant game of Monopoly…Pass GO every fortnight or month, depending upon your employer, and receive $200.Try to buy up every Australian property in sight…even the cheap disgusting ones.Speculate on which side of the board you’d like to control...
If the academics have found anything, it’s that interest rates have little bearing on growth at all. In his 2018 Reconsidering Monetary Policy paper, Richard Werner finds the relationship between interest rates and growth is actually positive…meaning interest rates and growth move together.
What we might end up seeing is a level playing field for all. What I mean by that is costs for producing goods in Australia might be as low as they are in China. In such a world, where machines do the work, labour costs become redundant. And thus, producers in Australia can compete with those in China.
When push comes to shove, who wants to rely on trading partners? Some suggest this move away from globalisation might be what’s causing economies around the world to grow so slowly.
Productivity will be the death of manufacturing… Efficiency, productivity and limited demand.That’s what killed agriculture and it’s going to kill manufacturing too.