The RBA has left rates unchanged today and here are the comments below for your perusal and interest: Media Release Number 2014-12 Date 5 August 2014 Embargo For Immediate Release Statement by Glenn Stevens, Governor: Monetary Policy Decision At its meeting today, the ... Read more
Government announces a ban on commissions in general advice –FPA
Friday 20 June 2014 Minister Mathias Cormann has today announced the Government’s response to the Senate Economics Legislation Committee report into the Bill to amend the FoFA laws. The Minister has confirmed the Government’s commitment to proceed with the amendments to FoFA, but has also ... Read more
Great Investment Quotes and Concepts
The basic principles of successful investing are timeless and quotes from some experts help illuminate these. “How many millionaires do you know who have become wealthy by investing in savings accounts?” Robert G Allen Cash and bank deposits are low risk and fine for near term spending ... Read more
Did Hyman Minsky find the secret behind financial crashes? —BBC NEWS Magazine
American economist Hyman Minsky, who died in 1996, grew up during the Great Depression, an event which shaped his views and set him on a crusade to explain how it happened and how a repeat could be prevented, writes Duncan Weldon.Minsky spent his life on the margins of economics but his ideas ... Read more
How generous are Australian work conditions?
By Harrison Polites The government’s submission to Fair Work calling for a review of Australia's national awards scheme has brought Australia’s industrial relations debate to a head. As a result, we’re going to see unions, government and business lobby groups start comparing Australia’s IR laws to ... Read more
IMF raises growth forecast
The International Monetary Fund (IMF) expects an improved outlook for the global economy, but warns major economies to keep their interest rates low while budgets are being repaired. The IMF said global activity strengthened during the second half of 2013, and is expected to ... Read more
Federal Government confirms its super and tax plans
The Coalition Government has confirmed its position on a range of previously announced super and tax issues, as part of its mid-year economic and fiscal outlook. To help you understand how this may affect you, we’ve summed up the key highlights below. Super Guarantee increase to be deferred ... Read more
China leaders vow ‘deep reforms’
Dow Jones China's leaders endorsed a broad policy platform that called for a "decisive" role for markets and greater rights for its vast rural population, even as it reasserted Beijing's grip on the world's second-largest economy. The lengthy communique released at the end of ... Read more
Get set for a Greek default By Michael Collins, Investment Commentator at Fidelity January 2013 An event looms over the global economy that many Greeks, policymakers worldwide and investors see as almost inevitable. That event is a Greek default. People think a default is coming ... Read more
The Fiscal Cliff
Clime Investment Management has reviewed this year’s major concerns and has analyzed how deep or enduring they actually are in the article below:- 1. The US Fiscal Cliff With about 30 days to go before the legislated tax cuts and spending end, this unresolved issue should be hitting the “red ... Read more