In today’s Money Morning...the cynical farce that is Aussie politics…Trump’s controversial first budget…the divergence between small and large cap stocks…and more...
In today’s Money Morning...the dubious rise of non-bank lenders...the likelihood of a ‘meaningful moderation’ in housing and credit…the RBA’s hesitancy to raise interest rates…
I argued for some time now that there is a war on cash. That the government is ushering us to digitise our assets to lock us into the banking system.
All you youngsters, stop thinking the government is meant to improve things or make them fair. The government will simply do what it must to stay in power.
Labor and the Greens have long been pining for a tax on the big banks. We’re surprised because it’s a tax on every Australian.
I accept my logic is probably flawed. For everyone’s sake, I hope that is true…because, if my logic is correct, a Greater Depression is in our destiny.
I didn’t watch a second of the budget circus last night. The lies, the spin, the selfish focus on what do I get out of it…it makes me nauseous.
CBA was the last of the Big Four banks to release results for the third quarter. The bank reported unaudited cash earnings of $2.4 billion for the quarter.
Banking dominated discussion of Australia’s economy this week. Imbalances from interest rate manipulation are growing. But does that mean it’ll fall apart?
Blockchain apps are the single biggest opportunity for Australia to lead the world. The Big Four can adopt tech and revolutionise the global banking system.