Australia has some of the largest gas reserves in the world. But due to regulatory failure and a nasty energy bear market during 2014–16, which saw investment in the sector plummet, we’re now in ‘crisis’. How did it get to this point?
If history is any guide, we need to see the kind of share price rises that turn the doubters into believers. It’s a sad fact that the general public tend to get optimistic at exactly the wrong time. Clearly that time is not now. The good news for you if you want to invest in growth is that the ‘melt-up’ phase is still ahead of you.
Markets make opinions, goes the old saying. Nowhere is that more true than in the oil market right now. More broadly, the rally in oil prices tells you the global economy is healthy. That should keep stocks moving higher in 2017.
ATM use is in decline. As technology sends transaction costs towards zero, banks will no longer be able to charge exorbitant fees for standardised, commoditised services. Growth will have to come from elsewhere. This is a sign of things to come for Aussie banks.
It seems the Aussie government is finally warming to bitcoin. Depending on your point of view, that could be a bullish sign. Or it might mean it’s time to get out and run for the hills.
What has happened…while other indices like the S&P 500 have enjoyed double digit gains, our own market has gone nowhere. At the start of the year, the ASX 200 was trading at 5,700 points. It now trades around 5,655 points.
Yesterday, the Commonwealth Bank announced plans to sell off its life insurance business to AIA, as well as the intention to sell of part of its wealth management business. So why now? Why the urgency?
The world is moving from broadcasting to narrowcasting. There is so much content diversity these days that the old one-size-fits-all model of traditional media no longer works. But what has all this got to do with investing, if anything?
Bitcoin’s phenomenal price growth gets most of the headlines. But long term, it may be the blockchain technology behind bitcoin that proves to be more revolutionary. And it’s some of the newer cryptos that are exploring that potential.
The value of our money is based on faith. Faith in the credit of our government’s monetary policy. This is why the concept of the blockchain and cryptocurrencies is so powerful. People may start to realise it’s the only safe haven left in the next crisis.