Unlike us Westerners who love credit cards, China didn’t get their first credit cards until 1985. A Goldman Sachs report shows that each Chinese person had 3.6 debit cards on average. But only a third had a credit card. And it’s the lack of credit card infrastructure which has allowed China to leapfrog us here in the West.
Earlier this week, Japanese stock market index Nikkei 225 saw their stocks decrease by 0.15%. What caused the drop?
Japan is now the largest bitcoin exchange market in the world. The island nation now commands 56% of all bitcoin exchange trading worldwide, processing twice as many trades as its US peers.
US, South Korean and Japanese aircraft have carried out a show of force. As markets react to the oscillating tensions in the Pacific, there are both opportunities and dangers, and plenty of them.
Bitcoin isn’t the only coin of its type. There’s a whole world of ‘cryptocurrencies’ that you can buy and hold your wealth in.
Part of this money could flow into Australian stocks. The Australian stock market currently trades on a dividend yield of 4%.
Targeting inflation expectations with tough words, negative interest rates, and more quantitative easing (QE) caused people to lose confidence in central banks, not in cash. Lack of confidence does not encourage activity. It encourages fear.
Check out the recent fruits of Japan’s monetary insanity. If their aim was to weaken the yen, it’s been a dismal failure…
US stocks aren’t trading at a record because the US economy is booming, or because it has recovered from the recession. The same goes for the Aussie market.
Before investing in long term Japanese government bonds, there are a few warning bells you should be aware of.