The bottom line message from the official press release is that our Reserve Bank doesn’t quite know what to do. Despite that, they’ve done the right thing by doing nothing! So, what’s next?
The bottom line message from the official press release is that our Reserve Bank doesn’t quite know what to do. Despite that, they’ve done the right thing by doing nothing! So, what’s next?
Meet Melbournite Ed Craven, Australia’s youngest billionaire with an apparent net worth of $3.86 billion! How did he do this?
With 13 interest rate rises, no rate cuts in sight and state governments (now including NSW) raising land taxes, it’s no wonder we learn many Australians think the Albanese Labor Government is on the nose!
A US university report reveals how hard it is for middle-income Australians to buy property in Australian capital cities. This raises the question: why can’t Australian voters demand politicians do something about it?
The plot thickens as the PwC scandal inquiry suggests accountants were acting like foreign spies. This looks set to end up as a Netflix movie, with money men and women (once known as bean counters in brown cardigans) leading a mysterious double life of international financial espionage and intrigue!
Since March, Opposition Treasurer Angus Taylor has argued that the existing Reserve Bank board should be migrated ‘holus-bolus’ into the new board that determines interest rate movements. Is Taylor seeing something most of us have missed?
There’s an argument that boards are filled with recruits from the so-called ‘old boys club’ and at the same time, judging from the share price action of many companies, boards do need new people leading these businesses.
Businesses we don’t trust have shown themselves to be self-interested and not considerate of the consumer!
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