After millennia of financial and economic strife, central bankers and politicians have finally figured it out. There was never any need for recessions, bankruptcies, unemployment, or bear markets. All you have to do is print and spend enough money to cure all such ills. There’s an easy way out after all! No doubt you’re chuckling […]
Macroeconomics: Global Central Banks News & Highlights
Bitcoin Revolution: Who’s the Next Billionaire to Roll Over?
This is the start of the crypto revolution that will last generations (and beyond) taking hold and eclipsing the legacy systems and networks we rely on today. When you see JPMorgan taking on the likes of Coinbase and Gemini as clients, that’s further validation of the potential of crypto…
CBA Sells Wealth Management Arm in Favour of Fintech (ASX:CBA)
The Commonwealth Bank of Australia [ASX:CBA] released details this morning of the $1.7 billion sale of its wealth management business, Colonial First State. At time of writing, the CBA share price is sitting at $59.99, up marginally by .47%…
The US Dollar Money System in Meltdown, What Comes Next? — Bitcoin
I explain why the US dollar’s days are numbered. The Fed is putting out fires for now, hoping that the money system can resolve itself before it collapses. This leaves space for a new reserve asset. My money is on a cryptocurrency like bitcoin…
Did Germany Just Blow up the Euro?
When I first began writing The Daily Reckoning Australia Weekend Edition in 2010, my job title was a running joke. I had several roles in the company which were completely unrelated, leading to a lot of confusion. One of my roles was to follow the European sovereign debt crisis closely and report back to readers. […]
Macquarie Group Share Price Up as It Slashes Dividends (ASX:MQG)
Today we look at the Macquarie Group Ltd [ASX:MQG] share price in the context of its dividend cut. At the time of writing, The MQG share price is up 3.73%, trading at $103.26. An MQG share price rise on a day when they announced a dividend cut could indicate..
