In today’s video update Kris looks at the last Australian GDP number from the ABS and assesses the impact this has had on the stock and bond markets…
The true reason for Australia’s growing income disparity — why the top 20% of households get half the income…and the bottom 20% get just 4%.
Italian stocks fell 1.71% on open. But wait, don’t panic. Within an hour, the Italian market was up 1.59% on the previous day’s close. What crisis?
A privilege…a special tax break…a rule…a prohibition…a piece of meat here, a piece of meat there…and soon the foxes are eating high on the hog.
Italy wants to bail out BMP with taxpayer money. That’s the standard playbook which governments used in 2008. But the rules have changed.
The Deep State, to be clear, describes the way the US government really works, rather than the way it’s supposed to work.
The Deep State’s supremacy is under attack. It’s going to use every weapon at its disposal to keep its death grip on the levers of power.
In the first official episode of Financial Anarchists: Listeners hit back on the topic of Climate Change… Kris and Woody read letters from our listeners…
Of course this isn’t just for backpackers picking fruit. It’s for all backpackers. But whichever way you look at it, it’s the government trying to find another way to grab any bit of cash they can, while they can.
Debt is a drag on growth. Money that could once have been spent in the economy is being diverted to principal and interest payments.