Many will tell you crypto's are one big scam. Some will happily explain it’s the future of money. Some love it, many hate it. But the real question is why do the haters hate it with such vigour and bite?
No, it’s not October you should blame for our recent decline. You should blame those who allowed asset prices to get so high in the first place. Blame the banks.
ANZ’s share price took a hit on the back of its full-year results announcement. Cash profit slipped 16% to $5.805 billion full-year ending 30 September. Despite this, Australia and New Zealand Banking Group’s [ASX:ANZ] share price is trading at $26.12, up a moderate 1.79%.
Money in itself is whatever we all decide to accept, but also it’s whatever the central banks decided we should accept. A central bank for instance could decide that thin pieces of plastic will no longer be money.
I don’t think bitcoin is the biggest threat to banks. Instead they should be far more worried about two tech giants growing in the East. I would argue this is an inevitable move.
The general rule is high interest rates slow an economy and low interest rates speed it up. China’s priority is the latter. They want to grow and keep growing at rates like 6.5%.
Let’s not sidestep what happened last week. What you saw was indiscriminate selling, market wide. The ASX lost close to $50 billion. Heck, hundreds of stocks made new 52-week lows. The most expensive stocks got the worst of it. CMC…
There’s one Melbourne fintech looking to take the cake. They want to revolutionise the world…three seconds at a time. Is the dream of decentralised payment systems closer than we think?
Many people think banking sector stocks are a safe bet because they pay strong dividends. To a degree this is right. But storm clouds have been gathering for some time now. There are two primary factors at play...
At time of writing, shares of Westpac Banking Corporation [ASX:WBC] are marginally lower today, trading at $27.15. However, this share price is its lowest return in five years.