Forget interest rates. Don’t bother listening to central bankers or commentary on what interest rates will do next. It’s just a bunch of intellectuals throwing ideas around that will have little to no effect.
If you remember, Trump and Xi are still honouring their trade halt agreement. Both men said they would hold off on any further import taxes until 1 March. But we’re close approaching this date. It might be very unlikely Trump and Xi will come to a complete agreement in the next 21 days.
It will be the taxpayers that fund any new regulation of these greedy, dishonest executives. Big banks will be no worse off after all 76 recommendations. It’s why the shares of the Big Four all rose yesterday.
If you haven’t kept up with all the findings from the royal commission, here are a few of them… We found out AMP charged customers for services they didn’t receive. Then they lied to ASIC about whether they provided those services or not.
Trading is not a game where the highest IQ wins. This is a game where emotional stability and rational thinking rules. Even the simplest of ideas can lead to profits.
It’s not lower interest rates that encourage people to borrow and invest in an economy. It’s the level of perceived risk and uncertainty that either encourages or discourages those borrowers and investors.
Even though it seems like we’ve had trade forever, globalisation is still a pretty new thing. For most of our existence we produced everything we consumed. Trade was with other villages, not countries.
I would absolutely love if Douugh and the rest toppled the Big Four. A decentralised banking system is not just good for you and me, it’s good for the economy. It’s good for you and me because more banks will compete for our business. And that competition will lower rates and improve the quality of service.
How does a falling China lift Australia up? They are our largest trading partner. They buy a ton of stuff from down under… If growth falters, meaning businesses are producing and likely earning less, why would they buy more from Aussies?
What we really need to fix our banking system is far smaller banks and less regulatory help for the Big Four. With lots of small local banks, local economies can thrive.