Economy

The 2017 ASX Australian investor study top 10 findings

Top 10 2017 ASX Australian investor study

The 2017 ASX Australian investor study results were recently released, here are the top 10 findings from the report: 1 – 60% of Australian adults or 11.2 million people hold investments outside of their institutional superannuation fund. 2 – 37% of Australian adults or 6.9 million people hold investments that are available …

Read More »

Will blockchain technology disrupt this $7 trillion industry?

Blockchain technology

Recently, I wrote about a small $100,000 trade of cheese and butter. Why? This one trade changed 400 years of history in just four hours. How so? Normally, it would take 10 days to handle the paperwork. But this trade concluded in less than four hours. The solution: a blockchain platform that …

Read More »

Thе Auѕtrаlіаn Stосk Mаrkеt and how to invest

Australian stock market ASX small caps

Stосk market іnvеѕtmеntѕ are some оf thе best for еnѕurіng a stable, wоrrу-frее fіnаnсіаl future. With Australia’s есоnоmу bеіng muсh hеаlthіеr thаn those іn оthеr countries, investing in stocks hеrе presents a great орроrtunіtу fоr wеаlth buіldіng. Thе Importance of the Auѕtrаlіаn Stock Exchange іn Glоbаl Markets Evеrу business trаdіng …

Read More »

Volkswagen to pay $2.8 bn fine in diesel emissions scandal

Volkswagen diesel emissions scandal

German carmaker Volkswagen will pay a $2.8 billion criminal penalty for cheating on diesel emissions test, in a negotiated settlement with the US Justice Department. US District Judge Sean Cox ordered the fine on Friday, following the terms of the deal in which Volkswagen pleaded guilty to conspiracy and obstruction …

Read More »

Maduro planning to swap Venezuela’s gold for dollars

Nicolas Maduro Venezuela gold dollars

It was almost exactly two years ago when a cash-strapped Venezuela quietly conducted its first, little-noticed gold-for-cash swap with Citigroup, as part of which Nicolas Maduro converted part of his nation’s gold reserves into at least $1 billion in cash courtesy of the US bank. As Reuters reported then, the …

Read More »

Steve Keen: “Can we avoid another financial crisis?”

Steve Keen Can we avoid another financial crisis

Economic theory is like a layer cake: Explanations within one layer make sense, but once you move to another layer, they no longer apply. Economist Steve Keen‘s new book “Can We Avoid Another Financial Crisis?” is an illustrative example. The good news is that Keen accurately describes the current economic …

Read More »

Brexit-proof your savings with a stocks and shares ISA

ISA Brexit

Whether you are for or against it, Brexit poses uncertainty regarding what the effects will be on the UK economy and the wealth of the individual. Will Theresa May continue with her hard Brexit approach if the conservatives win the general election, or will a surprise result mean we go …

Read More »

Stock market and dollar under pressure following soft US economic data

Stock market US dollar economic data

Shares and the U.S. dollar dipped on Monday while U.S. bond yields slumped to five-month lows after soft U.S. economic data hurt investor sentiment already frayed by worries over North Korea and coming French elections. That dwarfed any relief for market players after the U.S. Treasury department did not name …

Read More »

Saxo Bank: 60% chance of global recession within 18 months

Saxo Bank global recession

While markets are forecasting only a 10 percent chance of a global recession, Danish investment firm Saxo Bank puts the odds at over 60 percent. “Our main global macro outlook still maintains that recession is more likely than not in the near future (12 to 18 months) based on the …

Read More »