If the mountainous levels of debt accumulated by Aussie home owners is anything to go by, that Ponzi scheme may be alive and well right here in the housing market.
After a decade of central bank driven ‘cheap money’, the world is awash in debt. And the debt problem goes way beyond Australia and the US.
If you believe the mainstream media, Victoria is descending into crime-fuelled chaos. It makes for frightening headlines. There’s just one problem. It’s not true.
The global war on marijuana began in the US. And now, by virtue of its superpower status, the US is leading the way to end that war…one state at a time.
There’s a particular part of Victoria’s proposed Firearms Amendment Bill 2017 that should concern you. Regardless of how you feel about guns.
There’s nothing wrong with a little patriotism. If you watched Donald Trump’s State of the Union address, you may have noticed that Americans remain obsessed with three such symbols.
Did you feel let down by Donald Trump’s presentation at the World Economic Forum in Davos? Here, after all, is a president who shoots from the hip. Often poorly. It’s what makes him so darned entertaining.
When was the last time you were in a bar or at the bottle shop and thought, ‘Wow, these drinks are cheap’? Most likely, your answer is ‘never’.
2018 was less than a day old when the nanny staters lobbed their first salvo. The nanny staters decided to kick off the New Year with a fresh stab.
We discuss Venezuela’s idea to rid the county of their currency and launch its own cryptocurrency. The consequences for international trade and relations could be huge. Could this happen?
While the markets are looking complacent, they could easily crash if a war were to break out. How would gold play into this, as the ‘safety’ commodity?
People are plenty happy to invest and consume if the dollar in their pocket today would be worth the same next year…instead of less.
RBA governor Philip Lowe is not a fan of bitcoin. Bitcoin, and cryptos in general, are proving to be a big headache for central and commercial bankers.
Did you ride the retail euphoria on Tuesday? Investors, thrilled that Amazon’s much publicised Australia launch appeared to fizzle, piled into Aussie retail stocks.
This could be an endorsement for the sweeping changes wrought by bitcoin. Or a sign of how desperate Venezuelan President Nicolas Maduro has become. Likely, it’s both.
After reaching a peak of over US$11,400 on Wednesday, bitcoin plunged to under US$9,100. Roughly a 20% loss in less than 12 hours.
A royal commission into Australia’s banking industry has just been announced by Prime Minister Malcolm Turnbull.
Have you checked out the price of bitcoin today? The once-obscure asset with an even more obscure name is making mainstream headlines across the world.
Wage growth in Australia remains stuck in a rut. And though the official unemployment rate dropped to 5.4% in November, the prospect of higher pay cheques remains elusive.
The US Congress has inched towards passing Donald Trump’s signature tax cuts. The so-called ‘Tax Cuts and Jobs Act’ would slash the US corporate tax rate from 35%, down to 20%.
Are you tired of hearing about Amazon.com yet? Well, take a deep breath. The story isn’t going away.
Facebook has now revealed that more than 120 million Americans may have seen material put onto their site by Russian operatives.
Part of the lie we’re told is that people will delay buying things if they can get them cheaper down the road. But that argument doesn’t hold up when prices simply remain stable.
When it comes taking political correctness to the next level, Australia is not immune. Far from it. But as overly sensitive as Aussies have become, you have to wonder what policymakers have been smoking over in the UK.
When it comes to bullies, North Korea’s unhinged leader, Kim Jong-un, leads the pack. He’s terrorised his entire nation.
No, the $223 billion (US$175 billion) represents the total current value of all cryptocurrencies. There are now over 1,100 cryptos in virtual circulation.
If Australia continues to expand at its current rate, the population will double in just 45 years…to 48 million people. Whether you prefer an urban environment or a rural one, this is clearly unsustainable growth.
In Australia, on the other hand, some of the records we’re setting decidedly fall into the ‘not good’ camp. South Australia for example, now holds the record for the world’s highest power bills in Aussie dollars, per kilowatt hour.
Fear may keep older drivers from receiving the medical treatment they need. And that’s shameful in a nation with some of the best medical care in the world. Let doctors do their jobs. And let VicRoads and other state authorities, do theirs.
What we need is to ensure Australians get their energy at close to cost. And to secure that the government — gasp — should mandate a reserve for domestic consumption.