The smart money flow index has just plunged. There’s a risk that you’re going to see another leg down in US stocks very shortly. What will happen next?
I’m working on the assumption that the US economy will peak in 2018. In fact, the market may well have peaked in January 2018. What evidence do I have for that?
If crisis hits again, people will flee the traditional system. They'll realise the current system isn’t as safe as they think. They’ll want something else. And crypto will be there, ready, waiting for them.
The RBA reckons China’s debt is now around 260% of GDP. If the US and European economies slow into the second half of 2018 and into 2019, then China will feel the effect. How will this impact Australia?
The US dollar rally has barely paused for breath since getting underway in February. Late last week, it took its toll on commodities. Oil fell nearly 3%. Iron ore fell 3.7%, while aluminium declined 0.7%. What will happen next?
Household sector debt is already very high and it will take lower interest rates again for it to get a decent boost. The RBA will only cut in the event that a global slowdown brings it on. That doesn’t look anywhere near likely now and if it does, it will not be good for the banks.
Instead of lending to those that can afford it, you start lending to riskier borrowers. And it’s justified for the sake of sales. That’s why it’s not really surprising banks and other large institutions get into these situations. They simply haven’t crafted a great incentive system yet.
With its shares dropping by 3.15% today, Westpac has many issues to address to its shareholders in the wake of its struggle.
ANZ shares were down by 2.7% early this morning. This was the worst performance out of the Big Four banks. Though last week, conversely, ANZ was the best.
AMP along with the big four banks and other financial advice groups, have all been under fire due to their distribution of unethical financial advice to its clients.