It’s not looking great if you’re planning an overseas holiday. But if you’re not, then this just may be what you’ve been waiting for.
To many, bitcoin is not an effective store of value or unit of account. And it should be easy to reason why…its crazy volatile. Had you pushed your savings into bitcoin late last year, chances are you’re not a happy saver in 2018.
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.
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.
There can be little doubt that the US economy is strong right now. What’s harder to work out is whether stock prices have factored this in, or whether the bull market has more left in the tank.
International currencies have all slipped against the US dollar. This means that global liquidity is tightening. So it's time to be cautious.
With trade war tensions escalating between the US and China, it’s surprising to see that Aussie stocks have powered ahead. Ironically enough, we have a falling Aussie dollar to thank for this.
The message here is clear. The US Federal Reserve is slowly draining excess liquidity from emerging markets. That makes investing during these times particularly tricky.
The massive investment into liquid natural gas (LNG) over the past decade has resulted in the development of a new export industry. It may finally start to pay off over the next few years.
Friday saw the release of the non-farm payrolls report. The US economy created 223,000 jobs in May, compared to expectations of 188,000. The unemployment rate is just 3.9%, which, according to CNBC, is the lowest since April 2000.