Now I’m not the first to tell you about this. If you’ve paid any attention to any news source in the last month, this won’t be an awakening for you. You should have, and should buy the current tech dip..
Money in itself is whatever we all decide to accept, but also it’s whatever the central banks decided we should accept. A central bank for instance could decide that thin pieces of plastic will no longer be money.
The problem with Aussie politics and the problem with the future of Australia is the political system it’s built on. The ‘democracy’ we live under is failing. Which begs the question, does democracy work?
On next Wednesday, 17 October, Canada will officially legalise cannabis. They have had a legal medicinal market for years now. And we’re already seeing some of the world’s biggest cannabis stocks (mostly Canadian) rocket higher in price.
China has a notorious reputation from days gone by of making rubbish cars. For a country built on manufacturing you’d think they’d sort it out by now. But it looks like they might...
Growth is up. Spending is up. Savings are down. In fact, savings as a ratio of income is just 1%. Here’s some high-level maths for you; a person on $100,000 a year is saving just $1,000.
One way this will change is through the tools we use online. Take for instance your web browser. You probably use Chrome. It is the most widely used web browser on earth.
The best description of Australian politics over the last few decades is a ‘kakistocracy’. You may not know of that term but the Merriam-Webster dictionary defines it as, ‘Government by the worst people’. That sums up Australia’s political situation perfectly. And it doesn’t seem to be in any rush to change.
Treasury Wine Estates Ltd [ASX:TWE] have seen a rise in their share price after a jump in profits by 34%, with annual profits of $360.3 million. TWE’s share price rose by 4.79% after an earlier slump. They have announced that they will increase dividend payments to 17 cents a share, up 4 cents from last year’s 13.
This is a dangerous situation but it’s a wake up call that you don’t have freedom on social media. You are under the control of people like Jack Dorsey, Mark Zuckerberg, Larry Page and Sergey Brin.