RBA Comments on No Rate Change —5th August 2014
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