How bad will the next crisis be? JPMorgan Chase & Co. has an idea. ‘A decade after the collapse of Lehman Brothers sparked a plunge in markets and a raft of emergency measures, strategists at the bank have created a model aimed at gauging the timing and severity of the next financial crisis. And they reckon investors should pencil it in for 2020.
About 10 years ago, Australia made the decision to develop a LNG export industry. Multinational oil and gas companies invested $70 billion to build a number of LNG export terminals on Gladstone Island, in Queensland.
For over a decade, Australia’s housing prices were on the up. They soared higher, in absolute terms and in comparison to incomes, than Aussie real estate markets had ever been.
What if something more fundamental is going on that we don’t really know about yet? This is the scenario I’m leaning towards, and it all comes down to the poor performance of the emerging markets this year.
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.
Westpac's share price was battered once again this week, after it agreed to a settlement with ASIC to pay $35 million for breaching the National Consumer Credit Protection Act. Westpac is scrambling to steel itself against the latest fallout from...
Suncorp Group Limited’s [ASX:SUN] share price dropped 0.62% immediately upon opening in today’s trading, after announcing the sale of its Australian life insurance business to TAL Dai-ichi Life Australia Pty Ltd.
And the people offering these services and technologies are, for the most part, start-ups. These are ambitious companies trying to stay at the cutting edge of new finance. It’s fantastic for consumers. We now have more options than ever before.
This week however, Turkey is at the forefront of economic minds everywhere. While the US dollar has strengthened this year, the Turkish lira has dropped dramatically. In fact, ABC News reports that it has dropped roughly 40% against the US dollar.
As you know, Turkey is in the financial market spotlight again. Turkey’s currency plunged again Monday, rattling other vulnerable emerging markets, as a defiant speech from President Recep Tayyip Erdogan.