Who else is blowing wads of cash on who knows what? That would be the Australian government.
Anyone want to bet on sub-US$50/tonne iron ore prices this year? I do. What about the Aussie dollar going sub-US$0.70? I’ll take that too.
As the European property cycle turns up, it’s clearing the path for future growth. That’s bullish for the world. Europe is the largest trading bloc on the planet.
These companies have a vested interest in how much super you have. The more you stash away in your retirement account, the more of your cash they have.
You know the markets are tough when even hedge funds are losing money. Hedge funds are supposed to be home to the market’s smartest minds.
There is no new way to go broke. It is always too much debt. This has been the case since the creation of money and credit.
The contraction is on and the deflationary forces are gaining the upper hand. Zero interest rates have hastened our journey into the valley of financial death.
Interestingly, if you’ve heard of the Rule of 72, you should know that it works with negative interest rates too.
A new report by NATSEM on behalf of Anglicare shows living standards for Australia’s poorest people are set to decline. Overall, living standards have increased over the last 10 years. But not everyone has enjoyed an equal share of that increase.
According to a new report, Australia ranks just 17th in the world for how we treat older Australians (60+). 33% of older Australians are living in poverty.