As of tomorrow, 1 July 2020, the next stage of open banking officially begins in Australia. It will mean each of the Big Four Banks will be required to become more transparent. However, the real winners of open banking aren’t you and me….
Dear Reader, As the rona whips around the world, some places are faring better than others. Parts of the US are still in various stages of ‘lockdown’. Some states will see another month imposed on them, says Jim. Australia is no different. The majority of states in Australia are opening up to each other — […]
With the ASX on course to shed nearly 2% today, let’s take a look at what could happen with the stock markets… Second wave fears are growing, and the situation in the state of Victoria is definitely a concern…
No doubt, gold is grabbing all the headlines. And it’s completely understandable. But I want to piece together a few data points today that suggest you should be casting your eyes towards other resources….
It’s been a busy week for central bankers. Scratch that…it’s been a busy six months for central bankers. Ever since this virus blew up, they’ve had their work cut out for them. Looking for exotic new ways to ‘save’ the world economy. With each new scheme more incredulous than the last. As markets stare down […]
Dear Reader, Oh Australia, aren’t we in a pickle? In the past when it came to avoiding a recession, we’d dip into the Keynesian playbook and look for answers. The last two decades, we’ve witnessed our government throw out some taxpayer dollars to keep things going. Heaven forbid we let the free markets take over. […]
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