Monetary reformer Joe Bongiovanni joins Callum on the podcast to discuss... Why the US is a key country in monetary history… How the US colonies achieved great prosperity… and More...
Australians have been lulled into thinking that the secret to wealth involves buying an expensive property, hoping it becomes even more expensive, and then selling it to someone else.
It seems to us that we may have the financial-market equivalent of the ‘Stockholm Syndrome’. Perhaps investors in Tesla have become hostages, and now feel sympathy with the company — in the face of what seem to be severe financial problems.
The man who knew? Greenspan didn’t seem to know that the biggest bubble in history was created right under his nose.
Is the current market a bubble? Or will that line on the right-hand side keep soaring higher and higher? Booms always bust. Credit crises end badly.
The End of Australia, drills down to what the next big financial crisis will look like at ground level in this country. Remain cautious.
With the US interest rate hike that is due tomorrow. It’s all but guaranteed. With the rate hike locked in, the focus will be on the Fed’s statement.
There was no hint that strengthening demand in the Aussie economy might see the Reserve Bank of Australia raise interest rates soon.
Given that the Australian economy still isn’t growing that strongly, I expect the RBA to err on the side of caution and keep rates stable for some time.