The RBA, in an epic policy blunder, cut rates twice and reignited the housing boom. And APRA has been powerless to stop the surge in loan growth.
Trump has the opportunity to fill more seats on the Fed’s board of Governors than any president since then. His influence goes further than that, however.
Australians have been lulled into thinking that the secret to wealth involves buying an expensive property, hoping it becomes even more expensive, and then selling it to someone else.
Vern sees serious problems with Australia’s economy. We agree on this point. I just don’t think it will lead to a stock market collapse. Not yet anyway.
Vern took aim squarely at a recent statement from Treasurer Scott Morrison, where he denied that Australian housing could possibly be in a bubble.
Why Tesla should try and make a profit before asking investors for more money… what a 'Peak Australia' will look like… why the mainstream media made a fool of themselves over Trump's tax returns … and more…
The fact that markets rise and fall seems to escape the investment industry’s attention. Why? The investment industry sells ‘performance’.
The End of Australia, drills down to what the next big financial crisis will look like at ground level in this country. Remain cautious.
With the US interest rate hike that is due tomorrow. It’s all but guaranteed. With the rate hike locked in, the focus will be on the Fed’s statement.
The east coast energy crisis is a part of a larger problem engulfing Australia’s energy and power infrastructure. South Australia is at the centre of it.