The recent job numbers have put another rate cut firmly in focus. Are recession fears legitimate?
Paul Rickard has more than 25 years’ experience in financial services and banking, including 20 years with the Commonwealth Bank Group in senior leadership roles. Paul was the founding Managing Director and CEO of CommSec, and was named Australian ‘Stockbroker of the Year’ in 2005.
In 2012, Paul teamed up with Peter Switzer to launch the Switzer Super Report, a newsletter and website for the trustees of SMSFs. A regular commentator in the media, investment advisor and company director, he is also a Non-Executive Director of Tyro Payments Ltd and Property Exchange Australia Ltd.
Follow Paul on Twitter @PaulRickard17
The recent job numbers have put another rate cut firmly in focus. Are recession fears legitimate?
Over the weekend I received a ‘perk me up’ text from someone who thought I might be getting a tad too negative — the Treasurer!
One finance group in the US thinks the Chinese response to the Coronavirus is Chernobyl-like!
The Coronavirus could hurt stock prices short-term but there is a new age playbook that you can’t ignore if you want to get richer over time, and it’s green and techie.
Our hearts beat in double time, another bid and you'll be mine! Aussies have returned to their addiction, with record auction clearance rates. Is our obsession with bricks and mortar good for us?
If you want to call George a wage thief, then Woolies and Aunty are mega-thieves! And I might be showing my bias but I can’t come at calling our ABC a crook!
Can you trust any number that comes out of China? Could we see a market meltdown sometime soon?
I could probably cite more than 10 reasons for a business failing but a lack of money is a huge one. Will banks start lending more easily to businesses?
Was George Calombaris cooking the books?
Top retail businesses could have tourist customer problems and a supply chain issue because a hell of a lot of products come from China.
The battle over super might rob you of a pay rise and make it harder for you to buy or pay off a home.
Here’s the chart that could rescue ScoMo’s reputation.
Retail numbers are weird but are rates cuts over?
The RBA Governor wants the ScoMo Government to spend so we can prosper but Government Ministers are saying they’re tired of being lectured to!
Why did the RBA stop cutting interest rates? Is it seeing good data about the economy?
Australia’s central bank has to deal with an economic drama of Shakespearean proportions: to cut or not to cut?
Treasurer Josh Frydenberg will be waiting with bated breath for the swag of economic data to be revealed this week. If it’s bad, he will have to spend, big time.
Here's a lesson anyone interested in being a success should expose themselves to.
Have the destructive NINJA loans of the GFC mutated into this killer coronavirus that could seriously blacken world markets?
Telstra telling its small business suppliers that it will pay later than usual unless they’re given a discount is nothing more than bullying!
In a surprise, Wall Street has gone up with US confidence irrepressible. However, local business confidence isn’t so lucky.
Ash Barty has taught a media loser a grand slam Aussie lesson.
Here’s an ancient secret to swap a crazy life for a successful one.
This is a confusing economy. It’s growing slowly but creating jobs!
What I’m going to share with you could and should make you rich but you’ll have to save, wait and invest.
With enormous trepidation I say, when it comes to stocks: “this time it is different!”. And here are the reasons why I think this is so.
Is this corona virus a black swan that could rock stock markets and hurt the global economic recovery?
Whingers about how the Government affects the economy might be better off getting real about the real world of economics.
There are many roads to riches, so let me list a few that a normal person should consider.
On a daily basis I get accused of propping up capitalism by groups who seem to despise growth, jobs and people getting wealthier. But what’s the alternative?
I try to let go of business and finance over my Christmas break but I know I’m an addict and I just can’t stop wanting to learn from the greats.
7000 an important milestone for anyone worrying about or working with stocks. But to the normal person, is it really a big deal?
My fund did well last year partly because of a little guy called Bill Shorten.
I’d rather be in the market (long term) making money than on the sidelines scared and whinging.
Doomsday merchants often describe the property price surge as one big property scheme. Are they right?
Most Australians have been gutted by the personal tragedies created by these holiday bush fires but can the economy deliver some much-needed good news over 2020?
Answering this question is easy and it came to me instantly when I started to reflect on the year that was.
Millennials, baby boomers, gym junkies, fake news. Online wins, bitcoin, Uber Eats, low spending sins. Cheap flights, Netflix, home loan rates 3 per cent. Crazy days, crazy ways, Phil Collins rules the waves. Even Billy Joel could see that this is one strange economy.
2019 has been a good year for markets. Let’s kick off on the very important subject of stocks for 2020 by putting Rickard under Switzer’s gruelling test.
Before the clock turns over into 2020 and you start making resolutions, read this…
To channel David Bowie: all people have got their problems, that ain't nothing new but we can all pull on through. We will get there in the end but sometimes the economy will take you right up and sometimes down again.
The trade deal and the UK election are good for the stock market and probably the economy but we need the local economy to pick up its bed and walk.
How to beat bad habits.
I’m pencilling in a good outcome but two looming dramatic events need to follow the optimist’s script.
Can you believe the house price comeback? If it’s not real, then the feeling of being wealthy won’t seep through in 2020 and our economy won’t improve.
I gave this advice to a couple of hundred workers I spoke to recently and I’m saying it to you too — look after your super!
There are four big events this week that could make or break our financial futures — keep your fingers crossed that the good guys win!
A newspaper story over the weekend missed the crucial point that ASIC needs to protect investors before something goes wrong.
Even an optimist like me can be sucked into pessimism but not for long!
The recent overall disappointing numbers have led dooms day merchants to gloat that an approaching financial tsunami will drown all in its path. Are they right?
Do the maths. Our kids are falling behind. What’s wrong and how can we fix it? Someone needs to take a stand.
Yep, he’s up to his old tricks again and now he’s sticking it to the French. Where will this lead?
Will Santa start loading up his sleigh or are we in for bleak times this Christmas?
I know Kardashian, Crowe and Shorten turn heads but I’ll try and convince you that this week is important for you.
It’s just ain’t right but it’s something I can’t fight – or can I?
Be careful if you look to do better than term deposits. If you go up that pesky risk curve, do it in a diversified way.
I sit here each morning looking for reasons to be optimistic and here they are!
Big business has a new watch dog with fangs sharper than ASIC, APRA or the ACCC.
Tonight we could find out if we’ll face zero interest rates or be deluged by flood of money.
Given their horrendous money laundering errors, should Westpac can its CEO and Chairman? And should you hold Westpac shares?
Too many businesses pursue profit and ignore their greatest asset: their brand.
Let me explain to you what I know about interest rates and our hip pockets.
Is Hong Kong the black swan that kills stocks and gives tax cuts?
Negativity about our economic future is holding back the economy. Does negativity need to be rethought?
ScoMo and his Treasurer have placed a huge bet on a trade deal and the slow work of interest rate cuts. Will they pull off this daily double?
I won’t be a part of the cheer squad that supports Pol Pot politics and economics, where economic Armageddon delivers an economy at ground zero.
Here are the five qualities of winners.
Treasurer Josh Frydenberg is gambling on his guessing power and holding back on tax cuts.
Boom and bust report says house prices will surge again in 2020.
Are the bulls back in both the property and share markets?
Woodstock was seen as 3 days that defined a generation. Will Josh’s stocks soar if data over the next 3 days is mind-blowingly good?
The May 18 election result rammed home to Labor that it was out of touch with its customer base.
Has the world of money gone mad or are we not up to coping with change?
While the PM is considering a Royal Commission into veteran suicides, which seems too important to waste time with a showpiece for lawyers, why don’t we have a Royal Commission into the economic emergency that the Treasurer is ignoring.
The Government’s current strategy on cutting rates is hardly working. Frydenberg needs to cut taxes.
My current diagnosis rules out economic psychosis and things are still OK, as far as I can tell. Goodness gracious me, I so hate this negativity.
What if the biggest worry for the house price doomsday merchants i.e. household or private debt was actually shrinking before our very eyes?
Even the media is getting positive about a house price rebound so is this true?
Why hanging out with good quality people is critical to your success.
Retailers are uniting to be a powerful lobby group to ensure politicians work with them in this challenging and changing online world.
Rates have gone down again in the US – what’s the bet ours will also drop on Melbourne Cup day?
Join us at the Switzer Income Conference & Masterclass next month.
The task would be simple and if you did it for yourself you could learn how to turn $1,000 into $256,000.
The PM’s mistake on how to get the economy going relates to the problems Domino’s Pizza were having but have got over.
The Federal Government’s scheme to make it easier for first home buyers to get on the property ladder is well intentioned but is it adding to the property price problem?
I remain in the “we will dodge the bullet” camp but we need an end to the debacle these so called leaders have us in.
There’s a house price controversy between the number crunchers. Who’s right? Are prices really rising?
Talking the economy down doesn’t represent great leadership. In all my time in the media, we never used the R-word unless it was upon us.
We’re not in the precarious position we were in with the GFC in 2008 but there is another history lesson Josh and Scott should heed.
Successful people leave clues for others to learn from and the tearaway success of the Mexican food business Guzman y Gomez (GyG) is a case in point.
Frydenberg’s positivity on Aussie growth and his rejection of the IMF view, are all good to hear. Now we have to hope he’s right! Here’s my take…
Will there be a recession? All we have to fear is scary headlines!
The economy ain’t so bad but it’s not me who should be saying this.
Falling interest rates means anyone wanting income will look at alternatives. Going up the risk curve is OK but you must always be aware that every movement up that curve can be more risky. Be careful.
Millennial business leader John Winning castigated the millennials he works with. Let’s look at how valuable millennials are to our economy.
A news story out of Beijing’s state news sources virtually warned the markets not to pop champagne on the deal, despite Trump branding the alleged agreement as being “very substantial”.
The Treasury has announced an inquiry into banks overcharging their customers and not passing on the RBA rate cuts in full. Is there more to the story?
I investigated how wealthy young people will be in the fullness of time because of that boring little thing called superannuation.
We’re at an economic crossroad, which reminds me of an amusing observation by Woody Allen on the threat of a nuclear bomb during the Cold War era.
On my TV show last week, Professor Steve Keen and the AFR’s Chris Joye exchanged blows on the prospect of a 40% fall in house prices. More than 15,000 viewers watched the stoush. Here’s my judgement on who won.
As a positive player I’m hoping a trade deal comes out of Thursday’s talks in Washington between the US and China. Here are 10 stocks I like if a deal is struck.
Slow learners called politicians really should have a good read of this story of mine and resolve to give up their self-assured, hubris-laden ways and help all Aussies.
How winners, who used to be losers, can change.
Some people think Donald is a real life version of the ‘Mad King’ from Game of Thrones, while others see him as a negotiating genius. Well it’s time he proved his supporters right.
This question will be argued in our Switzer TV property show tonight by two of this country’s feistiest economists.
This week on the Today programme on Channel 9, I was asked about my book and how to get rich. Here are my answers.
Too many tightwad Aussies, who don't understand the false economy of being a DIY-type, might be an obstacle to our economy recovering.
A super war is going on between forces of the right and the left and outcomes include the family home being included in the asset test and some people not paying super at all.
Anyone who was not impressed by the communication skill and passion of climate-activist Greta Thunberg has a one-eye problem.
I don't like low interest rates or household debt-to-GDP ratios at record highs but I know debt servicing levels are unbelievably low and troubled loans and defaulters aren't worrying anyone, apart from those who have a vested interest in talking down the economy.
Love him or loathe him, Donald Trump has had a big impact on our super and he could make or break our economy. That's why I watch every move he makes.
Pick up a copy of Peter Switzer's new book Join the Rich Club today.
Standby for another rate cut next week. Our economy is poised to go one way or the other.
Alan Jones interviewed me today on my new book Join the Rich Club and he picked out one of my favourite quotes: "If nothing changes, nothing changes." Are you prepared to change?
Investors would love term deposits to be 5% or higher. It's not going to happen for a long time! But here's how to get more income while minimising risk.
Hopefully our Prime Minister might come home from his dinner date with Donald Trump with the kind of good news that would lift confidence, investment, retail spending, jobs and economic growth.
It was ironic that I was about to talk to a group of highly successful entrepreneurs and business builders in Adelaide when the job numbers were released.
Few people are born with a silver spoon in their mouth. Successful people work hard at building their wealth. Are you prepared to walk the road to riches?
The younger average Aussie will retire as millionaires because of super but I'm staggered how many people don't know what their fund returned, what fees they're charged or their balance.
What the Foreign Investment Review Board decides on Bellamy's could result in a green or red light on a Chinese takeover frenzy for some of our most promising companies.
Every week is critical as we loom in on the early October meeting of key US and China trade negotiators. It's another big week for economies and stocks. Let's hope we get the kind of good news that will KO the negativity associated with madmen with drones bombing oil facilities!
Bill gave it his best shot and taught us all, except Wayne Swan, that Labor's policies were not what the country wanted.
I always add up the positives for the economy and markets we invest in then deduct the negatives. This week has been a tale of two halves!
Donald Trump is calling on the boneheads at the Fed to cut interest rates to zero or less! But does he really want that?
Tedious restrictions on bank lending was a prime cause for our economy seeing economic growth fall from 3% to 1.4% in the year to June 30. Is ASIC set to screw this economy yet again?
Doomsday merchants hate my positivity and they're sure to hate this revelation from an expert not prone to the positive side that the September economic growth number could be, wait for it, 0.8%!
Crucial economic data comes out this week, which could determine if and when interest rates will be cut. If the numbers are bad, all hope rests with China.
Uber has not only brought a threat, but has encouraged an old and tired business to embrace change.
Can we trust the latest signs that maybe a deal is in the air? I've been waiting for this moment, oh Donald!
Donald better end this trade war madness soon or else we'll see negative interest rates as a forerunner to a serious recession.
Our chronic problem with trade and budget deficits is vanishing so don't get bogged down in negativity when you hear today's growth number. Things are looking up!
Ignore tomorrow's economic growth and Labor's new Treasury spokesman! It's time to engage in a different way of thinking.
Rate cuts now are dangerous so maybe we need some Churchillian inspiration and stimulation: "Never give in, never give in, never, never, never, never... Success is not final, failure is not fatal: it is the courage to continue that counts."
You unlock this door with the key of economic education. Beyond it is another dimensionâ€”a dimension of tax cuts, a dimension of growth, a dimension of jobs. You're moving away from a land of both fear and uncertainty, of falling interest rates and Trumpification. There are good economic signposts up ahead. You've just crossed over and out of the Twilight Zone.
As the race to predict a recession gets as feverish as Melbourne Cup Day, let's do the form on the odds of a market crash and recession.
An article in the Fin Review revealed that investors think advisers can't be trusted and want to get rich at your expense. But there are advisers who can be trusted to give independent quality advice but lots of Aussies just won't pay for it.
Is this the start of something bad? Or will Donald pull us back from the brink, helping us to avoid a recession and a stock market crash?
With the stock market set to nose dive, following an escalation of the Trump trade war, Treasurer Josh Frydenberg will appeal to businesses today to start investing. What will he say to overcome their fears?
These recession talk blues are melting away, â€œin 2019 and 2020, Australia will grow twice as fast as the Euro Area, twice as fast as Japan and faster than the USAâ€. Let's make a brand new start of being positive.
Everybody's talking about Trumpism, Populism, Communism, Fascism, Tradeism, Iranism, Recessionism. This-ism, that-ism, is-m, is-m, is-m. All we are saying, is give stimulus a chance!
In a surprise move, Labor stalwart Senator Penny Wong is now talking up Australia's support for the coal mining industry. Put on your climate change seat belt and read this!
Just how scared should we be about this stock market sell off, the threat of an inverted yield curve in the bond market, a related recession and house price collapse?
A key lesson from great sporting coaches is that you have to talk your team into a winning mentality. This is something the US President does so well. Our leaders need to look and learn.
The media went into madness and mayhem mode yesterday as the bond curve inverted. But let me help you understand why this isn't the start of Armageddon.
There's something strange in the global economy but who's to blame? The Trump buster? There's something weird and it doesn't look good but who's to blame? The Trump buster?
He tweets in the Whitehouse all the day long, hoppin' and a-boppin' and a-singing his song. Every little bird, every little bee, loves to hear Donald go tweet-tweet-tweet.
Hong Kong's battle with Beijing has rocked global stock markets overnight. This is a red alert for stock players, as a possible black swan is sailing into the already choppy waters of the global economy.
Normal people think this trade spat is being conducted by a pair of ding-a-lings risking a world recession. Most people simply don't understand why this game doesn't come to an end.
What just happened? We started the week worried about a crash and now most of those losses, have been wiped back on!
China has been cheating on trade for decades and the Trump trade war is justifiable but the world is going to suffer. Can economists rescue global economies from the fallout of Donald's trade war?
At a time when stocks have been diving, it's time to not be a dope and learn this money-making lesson!
China has gone for the De Niro option, telling the untouchable Trump that if â€œSomebody messes with me, I'm gonna mess with him.â€ And stocks have been garrotted.
I won't be dumping Twitter but I'm tired of it because it's not a forum for debate but more for those twits who love to hate. And that's sad.
Beware the black swan! Donald's close to doing something that could bring us down.
The Fed isn't as worried about the US economy as others, which is why it doesn't have a programme for a number of cuts. I damn well hope they're right.
Former PM Keating has scorned those who would delay an increase in compulsory super. Should we ignore his divine intervention?
A survey 18 years in the making reveals that while our incomes aren't going anywhere, we're getting smarter about improving our financial lives.
As interest rates come down and auction clearance rates go up, is a property day of reckoning looming or disappearing?
It might be time we Aussies started to show some real interest in Brexit.
If the Reserve Bank is braindead, then its Governor, Dr Phil Lowe is a 24-carat gold nincompoop. Is this true?
Could Donald's ducks and drakes negotiations with China stall? Could he slam more tariffs on their goods? Could the Chinese stop talking, hoping he gets clobbered at the November poll? And am I investing?
What's going to make spending sexy again? Will rates and tax cuts seduce Aussie consumers to unzip their wallets?
A US investment bank and a Trump hater are predicting a looming recession, but ironically Professor Steve Keen doesn't agree.
What has two all-beef patties, special sauce, lettuce, cheese, pickles, onions on a sesame seed bun got to do with property prices? Read onâ€¦
The 10 essential truths you need to consider if you really want to go to the next level, or even higher.
Watching the Oz economy for me is like groundhog day, where you find yourself encountering similar occurrences over and over again.
It's on again for young and old. There's more talk about fixing up our super!
Three events with the fingerprints of US President Donald Trump all over them could move markets up or down in coming weeks, thereby affecting all of us.
A survey of CEOs tells us that two in five workers shouldn't have high expectations about getting a pay increases any time soon.
When an economy's turning around, I look for unusual indicators like the â€œportalooâ€ index. Now I've got the â€œarchitectsâ€ index, which could be spot on.
Why being scared and conservative can come at a big price.
It was a bad week for the economy but there was some good news. Let me share that with you.
Is the pulse seriously weakening on the Oz economy or is it simply too early to expect consumers to react to rate cuts and tax rebates that haven't actually had time to impact their bank balances yet?
Economic stories can turn on a dime but right now, as the economic crystal ball messenger, I'm betting against the Armageddon scenario.
Great news on property but hold back the champagne popping for the moment.
I advocate that we ban bitcoin and its imitators or simply regulate them, so light is shone on this dark, dark world.
Here are 14 reasons to believe that our economy could rebound in the second half.
In our economy we have some trouble, but when you worry you make it double.
As Mike and the Mechanics declare: â€œEvery generation, blames the one before And all of their frustrations, Come beating on your doorâ€¦â€ Well, I'm saying it loud and clear: Baby boomers aren't to blame!
Many Aussies don't understand the money they toss away without a thought. This rate cut should be a wake-up call for money â€œdopesâ€.
With the US stock market at all-time highs, on my TV show I looked at 24 big losing stocks of last financial year, which experts tip will have a big rebound. Is this optimism on the money?
This week the economy could pick up interest rate cuts and tax cuts, which are more urgent, following the failure of Donald Trump to end the trade war over the weekend at the G20 meeting.
How to cope with criticism.
If you want to be rich one day, R-E-S-P-E-C-T your super. I'm not kidding.
The Australian newspaper today has provided a list of allegedly the top 50 financial advisers in Australia. So I thought I'd give you my best insights into finding a standout adviser.
If our rejection of Labor's tax policies on May 18 wasn't enough, the Shadow Treasurer has surfaced with a proposition to axe our cuts. When will they learn?
Channelling Sting: Every move they make. Every bond they break. Every game they play. Every word they say. I'll be watching them. Ignore the two most powerful leaders in the world this weekend in Osaka, Japan at your peril.
Some media commentators still sick over Shorten's shellacking continue to portray property investors as over pampered high-income rorters. The facts tell a different story.
Josh Frydenberg's first test as Treasurer has been laid out before him.
Talk of three rate cuts come with a negative view on the Aussie economy. There's lots of positives that say that three cuts could be overkill.
CEOs are spooked by the new age which they think won't be helped by interest rate cuts. The reason is we've lost our money mojo!
Overnight the US President tweeted positive trade talk and US stocks surged. And Homer Simpson helps us understand the very unusual Donald Trump.
News out this morning that Facebook looks set to go crypto could change the fate of these strange, unregulated digital currencies.
If there's something I hate it's when economic bulldust masquerades as objective commentary.
Thinking about winners and losers.
You might have to be an economist of Inspector Poirot proportions to work out what's really going on with our economy!
Yesterday, business troubles seemed so far away. But Aussie consumers seem so spooked today.
The slide of confidence over 2018 intensified as we got closer to election day on May 18. But look at the bounce in business confidence! Will consumers be so happy?
Are we heading to hell in a handbasket or will we mastermind another miracle escape?
Interest rates are down but the 40% house price forecasters persist!
During the week I was told that my stories that involve Donald Trump don't rate that well.
The 'complain-a-lot' mob are whinging about Tuesday's rate cut but they need to read the economic tea leaves and get positive.
Aussie interest rates are down and there was big buying on Wall Street overnight. What's the common link?
The Reserve Bank's Governor is poised to cut the cash rate for the first time since August 2016.
The US President could easily create the global recession we didn't have to have and this time we will join the R-word club for the first time in 28 years!
I've never seen such post-election economic optimism.
When I was a child, I thought like a child, I reasoned like a child. When I became an adult, I put the ways of childhood behind me'. Our politicians need to grow up, admit they're wrong and work on our behalf as leaders.
My doomsday buddies won't give up on their 40% house price calls, though I'd love them to have to wait til kingdom come. If Donald Trump cracks a trade deal, it will be bad news for doomsday merchants.
How long should a doomsday merchant have to get away with telling us to be very scared and a crash is coming?
With Anthony Albanese leading Labor, he has to show he can listen and learn from the election and the economy. Both tell you what Aussies are thinking!
Weekend newspapers hailed housing's comeback, with auction clearance rates rising, developers recommitting to projects and estate agents shocked at buyer interest.
The one piece of advice for Anthony Albanese.
Doomsday economist Professor Steve Keen thinks the election result was a loss Labor was possibly lucky to have and they shouldn't be 'pissed off'!
Do you suffer from DCA? Many Aussies have a cavalier approach to money and a 'don't care attitude'.
Interest rate cuts are coming in June. This is as certain as an unreliable poll!
The election was a headwind that had been holding back our ability to feel economically secure. On Saturday, Australian voters opted for staying secure.
If you're a dyed-in-the-wool Labor voter and crestfallen about Saturday's result, be positive. The election result was the best for the Aussie economy, your job, your house price and your super.
I owed Bob Hawke and he owed me, but in reality I owed him a lot more!
Australia has lost a national treasure with the passing of Bob Hawke.
In the dying moments of the election campaign, a new business 'champion' has emerged. This candidate with a makeover is none other than the man who-would-be-PM, Bill Shorten.
With Saturday's election targeting property investors and self-funded retirees, who are seen as tax bludgers, research shows this is an unfair slagging.
Can Donald do a Houdini and escape a big, recession-creating trade war or is he out of his depth playing bluff poker with Xi Jinping?
I wonder how many voters will determine their vote based on what's really important: their jobs, the ability to buy a house and whether they can pay it off?
Here's what you can do to de-stress your stock market life.
The Freddy Krueger of economics, Steve Keen, says house prices will fall 40% and he blames the RBA!
Donald Trump is expected to sign a deal this week that would avert a trade war with China. If he fails, the world could end up in recession. He couldn't be so dumb, could he?
Here's a condensed version of why Dr Phil gave the thumbs down to a rate cut yesterday. I didn't want one but I am conflicted!
The problem I have with an interest rate cut today will be the message it leaves about our economy.
Bill Shorten has made a pitch to small business, helping them to employ younger and older workers but he has also cheesed off their trusted accountants. What is he smoking?
I'm staggered about how disappointed a lot of Australians are about their wealth.
Graham Richardson says because Morrison 'doesn't have a long record of achievement yet, he has to run a scare campaign on Labor and it's pretty easy to get people scared of Bill.'
Bill Shorten's wages pitch is a great piece of politics for an election and most workers will like the sound of a leader promising pay rises. But it's not exactly honest or accurate economics.
One of the biggest, positive election stories affecting Aussies happened in Washington DC, thanks to Donald Trump.
Banks are being forced to play tightwad on loans and it's time our leaders (Scott or Bill) did something about this or house prices will slump.
With help from Bill Shorten, doomsday merchants have predicted that house prices could fall by 40%. But could the Reserve Bank ride to the rescue?
I've learnt from the likes of Buffett so I invest in what I believe in- Australia- and I try to do it when others are fearful.
Shorten has promised to work with business and says he won't be pushed around by trade unions. Will his past performance be a reliable guide to his future actions?
The Royal Commission has hurt the banks and the effects of their restrictive lending is hurting the economy. Will Frydenberg or Bowen have the guts to ease this pain?
Morrison pledges a billion dollars to help small businesses grow but does any employee care?
This is for young people, but any wealth-challenged Aussie can benefit from my how-to-be-a-millionaire recommendations, no matter what your age.
Like him or loathe him, Donald Trump and what he has achieved should be considered before you cast your vote on May 18.
Odds on favourite election winner Bill Shorten has had a super stumble in front of the media by not understanding his own super tax slugs.
Everybody is asking who I think will win the election and how will property and stocks prices react. What I conclude could surprise you!
Our company runs Investor Strategy Days in Brisbane, Sydney and Melbourne where I bring together some of Australia's smartest minds. History has taught me that hanging out with insightful people is great for success.
Sometimes the best time to buy is when uncertainty prevails and/or prices are falling.
I'm worried about Labor's changes to negative gearing and the capital tax gains discount.
It's a pity we haven't had an eye opening recession for 28 years because you don't know what you've got til it's gone.
Here's a masterclass lesson on how to invest wisely and ignore headlines that prevent you from getting richer.
A journalist from the land of optimism says Aussies should appreciate their economic prowess and doomsday merchants should stop praying and rooting for an economic Armageddon!
Economic forecasts out of the Budget were positive and Bill & Scott's tax cuts will go a long way to deprive the pessimists of what they love - failure.
The Budget is a very Aussie tradition that we should be damn well proud of.
Responding last night, Bill simply offered bigger tax cuts to low-paid workers ensuring he has a real good chance of winning around 3.6 million votes.
Stand by for Bill to pull out the whip to ride home to the electoral winning post, by promising bigger and better tax cuts tonight.
Sportsbet has Labor as a $1.17 favourite and the Coalition is at $4.85. Will this Budget with its tax cuts change these odds today?
Tonight's budget is set to deliver tax cuts and this is the first year ever that the RBA is supporting pork barrelling for the sake of the economy.
Let's cut to the chase - the Federal Government is pursuing growth, jobs and your vote and the Reserve Bank will be an accessory, cheering for tax giveaways to come first on Tuesday night.
Building up your money/wealth is about success or failure.
What's behind economists' poor forecasting performance? Is it a hard job working out the collective behaviour of a weird mob called Australians?
Our bank regulator wants to change how much and why top finance executives get paid, which will put a monkey on the back of boards.
The Reserve Bank is wanting tax cuts. When do they want them? Now!
House prices are falling but how low can they go? I tested this claim that prices could fall 40% or more in a debate on my TV show. Who delivered the KO blow?
Doomsday merchant economists and others tip a knock out for property prices, with claims a 40% crash is on its way. It's a rumble in the jungle tonight on my show Money Talks at 7.30pm.
Is it just me or does the Internet age worry you because no one really seems to be in charge?
After nearly 35 years of publicly analysing what goes on in our economy, this is an economic 'psycho' plot that has me on the edge of my seat!
Today's jobs report for Feb should prove to be a maker or breaker for the Oz economy and determine whether there'll be an interest rate cut soon.
Shorten has stepped up to slap down trade union bosses who think they can use our super money to pressure big companies to pay higher wages and offer better working conditions!
I trust those who know a lot more about economics and property cycles than most doomsdayers do.
A director of Australian Super has been pressuring trade union leaders to use their influence to force companies to pay higher wages. Is this OK?
On Friday I had the good fortune to listen to Pat Lencioni, the author of the book The Advantage, who argues that "organisational health trumps everything else in business."
Bill Shorten tweeted that everything is going up except wages. Is it too much to expect a politician to tell us the truth?
Aussies are confused about a safe use of their money compared to a wise use of it. This explains why they can have wealth issues in retirement.
The latest NAB business survey has made me switch from being a rates 'on hold' guy to a 'let's cut' cheerleader.
There are unforgettable rules of thumb, which, if followed, can make you money, lots of money, from stocks.
All employees love a pay increase but how is Bill going to achieve this? Could he be on the path to ruin our unbelievably strong jobs market?
With Bill Shorten promising to raise wages for all, I thought it timely to see what we can learn from those who are wage-less- billionaires
With a disappointing economic growth number this week, the PM complained about Labor using dodgy economic statistics to suit themselves. Is he right or wrong?
We have improving auction clearances and a bounce back in business confidence and conditions but yesterday's economic growth number was a disappointment. Are cuts on the cards?
Today's economic growth number could press the RBA's button on interest rates and reveal whether employers can afford Shorten's dream of higher wages.
Australia's experience may rewrite the rulebook' says a special report written by Gabriel Sterne from the UK.
Bad news gets enough media coverage so here's my latest list of largely ignored good news. Read all about it'¦
The unstoppable Gerry Harvey won't bag the Aussie economy but he believes interest rates will fall.
ASIC and the ASX never show that they have a 'police' enforcement body that investigates potential skulduggery.
There are calls for business to lift its leadership and culture but someone in government has to have the guts to encourage the change.
With the stock market heading in the right direction and signs that auction clearance rates are better than expected, what are the fireballs that could create economic hell?
Could Shorten and Bowen venture so far as to tax the sale of the family home? And could the Coalition raise the GST?
A few reasons for being positive.
Bill Shorten has come up with a more compassionate deal for mortgage brokers and jobs are pouring down from heaven for the Government.
If you're sweating on a pay rise any time soon, today's economic revelations could prove crucial to how fatter your pay packet becomes!
Those who look for the negative are warning that a lot of pain is ahead for Aussie homeowners, consumers and retail outlets that sell them stuff.
Bill Shorten is under pressure not to cut the throats of mortgage brokers, but he has forced the Morrison government to help small businesses take big business to court, cost 'free'.
Bill, if you're keen to kill off the First Home Super Saver, you better come up with a better plan to help young Aussies buy a home, other than driving down property prices.
I'm always amazed how people can sit in an audience and not take notes!
Doomsday merchants didn't have a week that reinforced their negative view of the world. Read these positive developments.
As I've often asked: Is there a conspiracy not to reveal good economic news? Well, I'm not afraid to tell you some. Read this!
Donald does it all the time but when has a leading politician here ever had much impact on the market?
Progress and changes - both good and bad - often driven by democracy, comes with a price.
Labor's delayed response to the Hayne Royal Commission is hopefully a good sign that divine inspiration is in stall for them.
Don't buy from or invest in companies with toxic culture.
Critics say the Royal Commission has been gutless and ineffectual. Was justice done? Was enough blood spilt? Did enough heads roll?
America has its Dr Phil and we have one too. Ours is a doctor for something really important called the Aussie economy and I spent lunch time with him yesterday.
The RC is a win for the big business banks and a complete slap in the face to mortgage brokers.
The Royal Commission has been a ripper but its plans for mortgage brokers is simply crazy and I hope Bill Shorten can see this.
Will havoc be imposed on the market from the Hayne Royal Commission or will we make money from a stock surge?
This week I reached the milestone of 10,000 Twitter followers.
Is this Labor's real view: They're self funded retirees, they need no sympathy? If Aussies are caught in a landslide to Labor, many older Australians will lose income.
One of the more reliable indicators of whether a bear market is coming to a stock market near you, comes from the research team at Citi.
Is Switzer nervous? What's testing his usual optimism? Or is this a passing phase?
Both our economy and the stock market are precariously poised to slump or go higher.
Fear can paralyse you, limit your life and make you ill. Here are 8 ways to remove any fear that may shroud you from being healthy and happy.
To quote John Lennon, I'm sick and tired of hearing things from uptight short-sighted narrow-minded hypocritical commentators.
Today the latest reading on unemployment comes out at a time when economists are downgrading their optimism about the Oz economy. But can we trust these prophets of doom or gloom?
Critics argue that I'm anti Labor and pro Coalition but my search engine tells a different story. I take my political commentary very seriously.
My recent brush with my beloved country has convinced me that Bill Shorten and Kim Kardashian prove that there's something that needs changing.
Because people have a part-time interest in money, they make the mistake of reacting short term, when they should be thinking and investing long term.
Why age should not be seen as a barrier.
We might prefer Labor over the Coalition in The Australian's Newspoll but we're still not Bill Shorten fans! Shorten needs to be more inclusive of all Australians or we might have a Bill 'Short-term' as our next PM.
One day a really worrying economic slowdown will happen but that day isn't here yet.
There are a lot of curve balls out there for the economy and stock market but I like those holding the bats!
There's a super fight going on right now and you should get in the ring and get involved!
A new study suggests we might be gilding the lily when we make a self-assessment on how well off we are! Could we be dollar delusional?
The competitive advantage from learning from legends
A closer look at the data shows that we shouldn't be spooked by these lower house prices and car sales.
This current upward trend in stocks makes me feel comfortable I didn't buy a seat on the doomsday train.
I know why Apple's share price is sliding. It's because I now hate Apple!
A reader took me to task for ruining his kids' Christmas. But there is a powerful lesson this mug Dad has failed to learn himself.
Does our economy deserve the bagging itâ€™s getting? And does it also deserve this hopeless stock market?
The Fed boss screwed up his interest rate play and stocks fell!
Two men and the decisions they make could turn this stock market correction into a crash or a big rebound.
The Government was hyperventilating over its soon to arrive budget surplus. Economists were not as impressed, but theyâ€™re underestimating how hard it is nowadays to be fiscally responsible.
Banks have made mistakes but they are so important to to our economic future.
When it comes to dealing with people in business, life and politics, be wise, keeping your eye on the end-result rather than winning any ego victories.
Banks are becoming a new breed of protectors in the â€˜nanny stateâ€™ and the PM needs to get on the front foot and tell banks to do their job and lend us money!
At long last Donald and China are helping the stock market, the economy, your job, your super and my fund.
If youâ€™re less rich than youâ€™d like, resent the car you drive, or prefer to holiday in Tuscany rather than Terrigal, Tugan or Tuncurry, maybe look at your refusal to haggle.
Even the AFR and its normally scary headlines recognised what the OECD (the Paris-based think tank) really thought about our future.
Historically we expect that a stock market will rally towards the end of the year but will Donald Trump be the Grinch that steals Christmas?
The death of George Bush Snr made me think about how important laughter is. Did you know that some doctors and researchers think it can even relieve certain pain and disease?
I was disappointed in the September quarter economic growth number.
Stocks plummeted yesterday on recession fears in the US, raising concerns about a crash. But one of the worldâ€™s smartest money men isnâ€™t crash talking yet.
2018 has been the year when Donald Trump has become the biggest single threat and opportunity for the stock market.
There are questions we must answer to avoid being spooked by share and house price falls.
When Donald met Xi, they talked turkey and a trade war truce resulted, so stocks should surge here today.
So you want to be a leader? Well read this and make the changes!
Will Donald and Xi do a deal so we can all get on with our lives?
There are a lot of somewhat mad men running the world right now. Letâ€™s hope sanity prevails.
When Bill Clinton said â€œItâ€™s the economy, stupid,â€ he understood the inextricable connection between politics and the economy. A lot of tribal political fans just donâ€™t get this.
Entrepreneurs have taught us that threats can be an opportunity so hereâ€™s how you might make money out of Bill Shortenâ€™s proposed property policies.
The well-meaning Royal Commission has a sting in the tail for the economy because banks just arenâ€™t lending, which could bring us down.
When people call me glass half full, I say I'm not! My glass is full to the top, and it makes a difference to my life and to those around me!
What has to happen to see our stock market shake off these correction blues?
This week Steve Keen predicted Hurricane Housing will hit house prices. While acknowledging the tail end risk, three prominent economists donâ€™t agree with the good Professorâ€™s dismal view.
Why is Labor punishing self-funded retirees? Do they want more people on the pension? Is it time to show enlightened leadership on this?
A current coagulation of negatives could be creating a stock market blockage. Fingers crossed we bypass these.
I won't be bagged, besmirched or ridiculed by unidentified Labor Party stooges or fans.
There will always be obstacles in life: Royal Commissions, banks changing the way they do business, government changes, the list goes on. The only obstacles you can change are the ones that stop you from being first rate.
Horror talk persists, with reckless ridicule hurled at anyone who tries to be objective about house prices. Is there a fraction too much friction and will a tsunami toss us into the economic abyss?
The Oz economy is looking good so why is the stock market ignoring these positive signs?
The Government is going to throw $2b at small businesses, which is good. But the Treasurer needs to stop banks making it hard for borrowers before the economy suffers.
Was Wallâ€™s Streetâ€™s big drop overnight a correction and buying opportunity or the start of a market crash?
Iâ€™ve been targeted again by â€˜selfâ€™ proclaimed, irate house price experts, who are reducing the debate to a pub brawl.
Have you ever thought of writing down what's wrong with you and then next to it write down a strategy to change?
The man who would be PM has said heâ€™s not for turning when it comes to his controversial negative gearing policy.
Our economy is looking good and itâ€™s not just optimistic Pete whoâ€™s holding this view.
Surely the Reserve Bank knows more about markets than the Dude and the bad guys?
Iâ€™ve done the form on the big race we all really care about but Iâ€™ll also give you my tips for the Melbourne Cup.
The house price Armageddon Army has ripped into Peter on Twitter. Their belief in a huge crash forced him to produce this extensive list to dispel the â€˜out of controlâ€™ view that a collapse is on its way.
Success gets down to you being different, and clichÃ©s might help.
If youâ€™re daydreaming about house prices collapsing, the nightmare is unlikely to happen. We keep hearing about record price falls but are they that big?
It's the climate change clash of the century but who wins: the PM or our richest new age entrepreneur?
With the Federal budget close to a surplus, does Shorten have to further flatten our property market with polices like tossing out negative gearing & slashing the capital gains discount?
Hereâ€™s why I make stock market predictions and why my doubters should give me a break!
Many people worry about the money misfortunes of the young but no one does anything to change it. Here are 11 money lessons â€“ please pass them round.
Donâ€™t think Iâ€™m going soft because Iâ€™ve fallen under the spell of Harry and Meghan. I have very good reasons to talk about them!
If negative gearing doesnâ€™t affect house prices and rents, why did Paul Keating ditch it, then bring it back two years later?
Australians are the richest people in the world! I didnâ€™t know that, though through my overseas travel and TV watching I suspected weâ€™d be up there.
Are negative and out of context headlines and quotes, whipped up by inexperienced journos, screwing the economy, killing jobs and house prices? Are consumers scared to the bone?
Before the next election, every home owner needs to fully understand what Laborâ€™s property policy might do to their house price. This debate must happen.
The Wentworth whitewash means Shortenâ€™s house price and retiree policies will now need to go under the microscope.
Even a serious economist like me gets a tingle when I see the good work that this young couple is doing.
Is Wall Street dropping a sign of scary stories to come or can we relax and enjoy the ride?
Only read this if you want to get rich. Average people will ignore this story and wonder why they have money problems.
You've got to accentuate the positive.
Trump trade tensions and rising rates trumped by US good news! But our banks must be allowed to lend.
Are we heading towards a recession that we havenâ€™t seen in 27 years and will that show up in 2020?
A controversial tax plan has been announced but what politician would have the guts to run with these proposed changes?
Should you get out of this stock market or have faith that this is nothing more than a correction (where there are buying opportunities) not a crash?
The price of Donald Trumpâ€™s success is higher interest rates and a stock market under pressure. Is this a scary sign of whatâ€™s to come?
Are we in for a king hit market crash? What do the pros say? Will the punches keep coming? Will negativity take the crown or be knocked out? The economic future of the world is at stake!
With our stock market clobbered yesterday, is this a prelude to a bigger collapse, thanks to President Trumpâ€™s trade war?
Males might have more in super than females but whatever the sex, most Aussies donâ€™t have enough. Want more? Read Peterâ€™s article!
Four little letters.
Standby for a newsflash: Peter Switzer is worried about some aspects of the economy
Banks need their butts kicked for treating customers badly but making the assessments of who can borrow so hard that quality borrowers are being knocked back or asked to jump through ridiculous hoops, is regulation gone mad.
Bill Shorten was a former Minister for Financial Services and Superannuation and must have been asleep like his predecessors from both sides of Parliament during the years when banks were behaving badly.
Peter Switzer is sick and tired of hearing things from short-sighted narrow-minded commentators and businesses with vested interests. All he wants is the economic truth.
You've got to accentuate the positive.
The ABC is in crisis, with its chairman and CEO gone. Are wimpy executives to blame?
Since the days of Keating and Costello, Treasurers have lacked intestinal fortitude calling out economic dopes. New Treasurer Frydenberg needs to show some guts.
Bill Shorten could inherit a damn good economy on the mend, making his election win a great one.
Itâ€™s the trade championship of the world and Donald wants a knockout!
Over the weekend I was swooped up in a Twitter storm about whether any Aussie is entitled to an inheritance.
When two tribes go to war.
Ten years on from the collapse of Lehman Brothers, letâ€™s road test our super funds. Are they are train wreck waiting to happen? Can our super funds survive a stock market crash?
Should you call your kids and warn them that Laborâ€™s plans to deny tax rebates to self-funded retirees could shrink or even wipe out their inheritance?
Why ScoMo isn't just the last man standing.
The dealmaker has done it again but China comes out looking like the champ!
Weâ€™re on the stock market roller coaster again this week, with the â€œunfathomable uncertaintyâ€ Donald Trump taking us for a ride.
Aussie voters should be aware that there are calls for a wealth tax on our principal properties.
Sure is and he should be proud!
Against the naysayers, Switzer made an optimistic call of more jobs, more growth. What are the positive economic implications going forward?
Are listed investment companies and exchange traded funds a good choice for new investors?
With stock markets looking vulnerable, could a compromising China send stocks sky high?
Are we on the cusp of impressive economic expansion, despite housing going off the boil?
How much impact has Tony Robbins had on business builders and careerists?
Hereâ€™s why I agree with the Reserve Bankâ€™s view about our debt levels.
With a recent Newspoll revealing we like Scott more than Bill, our new PM has a task at hand: to make his Party attractive to voters. Can he do this?
If you want to be financially independent, go the hard yards and put money sanity into your life.
The Aussie growth number is out and itâ€™s a goodie but thereâ€™ll still be the whingers who just canâ€™t control their negativity. Read on!
Today Iâ€™m shelving politics, economics and business to focus on whatâ€™s really important to those who desire success. If thatâ€™s you, read on! Politicians take note.
Are we dealing with a President who excels at bluff poker or will his hand nuke Wall Street?
Itâ€™s not a question enough young people ask.
When Gerry Harvey linked up with Katie Page, a retail love story was born. But are you prepared to put your money on this sales dynamic duo?
Some economists think the next cash rate move will be down, not up! So why did Westpac raise rates? Hereâ€™s 7 things to do to protect yourself against rate rises.
Run for your lives! Are we about to experience a property price chainsaw massacre?
Amazonâ€™s Jeff Bezos is a â€˜killerâ€™ but we have aided and abetted him.
With the Mexico trade deal pushing stocks up, business critics might have to re-evaluate the Trump methods.
I taught Economics to the new PM at the University of NSW. I think that gives me the credentials to test him again. Hereâ€™s how he scored.
Where did he go wrong?
Will the Libs pick a leader who is good for the economy?
Who said our stock market plays follow the leader with Wall Street?
This weekâ€™s reporting season news has been swamped by a wave of rebellion inside the Government. Here is how Iâ€™ve chronicled the weekâ€™s political machinations.
Telstraâ€™s share price surge teaches you a lesson you should never ignore, if you want to be rich.
There are people who are one-eyed Liberal or Labor supporters and then there are those who look at the facts. What are you?
Climate change politics is roasting alive another PM. Get your condolence cards ready for Malcolm.
The PM has a great story to tell but his team canâ€™t market it to save themselves.
Learn from the Kiwi ex-PM, John Key
Donald could lose his trousers over this China trade war and only has until November to avoid being exposed.
Is the Royal Commission getting into the game of envy or is taking employers to tennis a crime?
Hereâ€™s the really important but often ignored economic good news you really need to know.
Newspapers are scaring the pants off home owners but a property expert reveals all about a price crash.
Show us how we can get it.
Does every bank need a cop on the inside?
Show us how we can get it.
Tax cuts to business can end up as wage increases and schools and hospitals wonâ€™t miss out either.
Is your job, mortgage and future keeping you awake at night?
Time for a chill pill.
Caring about money isnâ€™t an IQ thing â€” itâ€™s an attitude thing.
Hear me out on this one!
Ask the right questions.
There's plenty at stake for a trade-oriented country like us.
We need to talk about what this drop really means.
Someone in Government will have to put an adult in charge.
Time to take up the bragging rights.
Can he deliver at Grand Slam?
So cop this blast!
Investors are none too happy.
The art of the deal guy has done it again.
This calls for outside the square business thinking.
This would be a classic case of regulation gone mad.
An expert has tipped a 'slow motion crash.'
It's not about looks.
You won't believe this news!
Time to blow the whistle?
Time for a reality check.
Be careful what you wish for.
Time to compare notes.
Time to tell it like it is.
This is playing out like a Hollywood film.
Relationships can be complicated.
Take it from the experts!
The dummies guide you've always wanted!
Pray for a more rational Donald.
If it's to be...
The countdown begins.
Will it be a 'fry-dayâ€™ for stocks?
Beware the murky waters.
Where's the unity ticket?
Ex-Treasurer Wayne Swan is brewing a storm.
Business isn't all bad.
Has the maverick President bitten off more than he can chew?
Do you care? This is your big test.
This is starting to look like a high stakes ping pong match from hell.
A psycho-economic view.
Is this the calm before the storm?
Or does he have a point?
She's turned out to be less taxing than her dissenters would have it.
Let's pray this is another bluff play by the master of entertainment.
Welcome to this new Trump reality.
This Optus foul couldnâ€™t come at a better time for Andy Penn.
It's all about the money, honey.
Two revelations out today might explain this Mickey Mouse ride we're on.
The Big Apple just got more expensive.
A warning has been sent from a legend of the market.
It's a roller coaster ride of global events!
What's important in life?
The numbers are great but not everyone's smiling.
Every Aussie should be shouting â€œhoorayâ€ today.
Today's economic growth number has given me goosebumps.
Let's settle this argument once and for all.
And it's not clickbait either!
Happy workers equal better results.
Do we trust an Aussie investment banker or George Soros?
Shame! Shame! Shame!
Warning: This article is steaming hot.
Can Kelly save us from ourselves?
Warning from the press: life sucks and then you die.
Good leaders listen.
They're not making it easy to get to 7000!
They can create a Freddy Krueger nightmare about China!
Sleep, eat, invest, repeat.
Has anyone heard of the AFCA?
Time for a little self-reflection.
Time to get the facts straight.
Will these new job numbers give us a 'happily ever after'?
Here are the seven key things you need to ask yourself.
They received the return of a tripod but no paperwork or explanation as to why. Thank you, Elle Ellen Presbury Market & Beauty Editor 4/10 Spring Street, Sydney NSW 2000 +61 2 9293 0999 RUSSH.COM
Sell in May and go away?
Should we worry about it?
For the kids' sake!
That's not a knife...
Here's the stuff you may have missed from last Tuesday night's papers.
Was this the mother of all political budgets or is it the right budget for a really unusual economic time?
Which side of the budget will you be on?
These economic oddities are stumping the experts.
Stop dreaming and start learning.
Someone needs to get an Economics 101 lesson on debt.
It's all about tax incentives for business versus tax cuts for the poor.
What can we take away from APRA's latest truth session?
Can the Banking Royal Commission find us a sheriff?
Or do these richer taxpayers need a break?
Could a tribunal without lawyers be the solution?
These guys are sending some mixed signals.
Now they're starting to get ageist.
Here's what I think we need to do.
Success breeds success.
How far will the Royal Commission go before the banks are beheaded?
If you want to be bearish on stocks, don't look at these figures!
If Donald can avoid more bad trade talk, our top 20 should be set for a nice rebound.
What's being revealed is not new knowledge - it's just being made more public.
Will we be hit with a Trump explosion?
Ignore self-help books at your peril.
Is it time for our political leaders to step up and get some guts?
I really wish Donald would stop being a tweety bird!
Was this the outcome Trump predicted from the start?
Or will it be another Trump mistake?
Trump-lovers are going to have to stomach today's market losses.
Mildly Absurd Decisions!
Could Costello save the Coalition in 2019?
Now if Donald could just stop Tweeting!
Is our economy strong enough to take its first rate rise?
Now is the time to review your money plays.
"Without trust, there can be no influence."
This US tech-crunch is crushing our stocks.
Are too many inexperienced borrowers swimming with the sharks?
Check out these good looking figures and see for yourself.
All this talk from the government is getting taxing.
Get a lot of help.
Expect a rough day at the office for our stocks.
Has the spread of the Internet changed the inflation story?
Isn't he just stating the bleeding obvious?
Will Trump's trail of mayhem send our stock market gain down the plughole?
Is honesty the best policy when it comes to your wallet?
It is possible.
Not everyone is safe yet.
Can the Greens â€˜Batmanâ€™ take on Billâ€™s policy and save us all?
Mr T needs to get his act together or he could be out of a job by next year.
It's another class-war tax grab on the wealthy, but will it be middle-class Aussies that get hit?
Friends or foes... you decide.
No guts, no glory!
This threat of the unknown is worrying. So how bad is it going to be?
When one king slayer leaves another must take their place.
Around 42% of all Americans will retire broke - can we do better?
Is this a case of good politics equals bad economics?
Just when you thought he couldnâ€™t do anything more to make you think â€œonly in America!â€
Write it down!
As if the US stock market hasnâ€™t got enough to cope with.
We all know our market likes to play follow the leader. But the question is â€” why is this so?
Why that ABC tax dodger story about Qantas got it wrong.
Enough about a crash coming, bring out the bubbles!
With a looming bill of $1.37 billion a month, should we listen?
Go get â€˜em tiger!
The barbarians are hollering at the gate, but have they got the timing right?
It's the news that others in the media have failed to tell you.
This sure is a weird time in economics.
He's touring Australia with a big, scary message.
When will our leaders start making some grown-up decisions?
The starting point of all achievement is desire.
A five day winning streak that has broken the ice. Will it freeze over again?
Last week proved the maxim that where thereâ€™s smoke, thereâ€™s fire.
Or are sharks still lurking?
What we've seen is the correction the Yanks had to have.
Attitude determines your altitude!
Are we out of the woods...
Will this bull market end in tragedy?
Here are the four big takeaways from the week.
A few things to think about.
Why did it happen?
The fat lady isnâ€™t out of the dressing room yet. Let me explain why
What happened on Wall Street at the end of last week to cause a 665 point loss?
Milburn Drysdale is one of the greatest bankers of all time.
Will the big banks match the positive direction our economy is heading in?
Donald Trump seems to be doing something right.
This proved what I expect to be the norm for 2018: Welcome back volatility.
Forecasters have a date, and it's not far off.
The â€œbattlersâ€™ budgetâ€ may look politically attractive, but it could be a huge mistake.
The political landscape in the 21st century is weirdly unconventional.
It's the economy, stupid. Don't ignore it!
If employers want to be tight with wages then they need to visit the happiest place on earth!
This guy puts my optimism to shame... and you'll never guess what he's predicting!
If Shorten's plans go through, how will investors respond?
Meeting a hero.
In case you missed the very good news, here's what you need to know.
We may be trailing the US but now could be the perfect chance to take a little risk...
Bank bashing is as old as time but don't let yourself get sucked into it!
Ignore the newspapers. Here's why you can stop worrying about mortgages, for 2018 at least.
Will January end on a high and be the stepping stone for the year?
Develop your own and then stick to them.
That means more great news for the Aussie economy!
What's the deal with all these scary warnings by the World Bank?
This is how to boost your financial well-being in 2018.
And what about the seasonal Santa Claus rally?
Tax cuts have been given the green light. Does that make Trump a winner?
The question everyone's asking: Is bitcoin a good buy? Here's my view on it.
The timing couldn't be better.
The headlines paint a gloomy picture on housing.
Plan for something great!
What do they know that we don't?
These consumer confidence numbers should have everyone dancing.
At least the alarmists can worry about something else.
With shares plunging more than 25% in a day, it's a hard lesson to learn.
Even the usually conservative Reserve Bank is being bullish, and you can see why!
That extra something.
The world is watching to see if our consumer cops can reign in digital giants Google and Facebook.
Which headline do you prefer today?
It looks like itâ€™s capitalism to the rescue.
The Trump tax cuts have passed, so where's the celebration?
Will it be buy the rumour, sell the fact?
They're not all duds.
Senator John McCain says he will support the cuts.
The bubble of a lifetime?
A safe pair of hands.
Can the US President get his Santa Claus beard on?
Love isn't silly, love isn't silly at all.
Ã¢â¬ÅIf it's to be, it's up to me."
I'm not naming names!
That "eureka" moment.
There's more to this story.
And how are they to be funded?
Let's hope the Republicans donâ€™t act like turkeys.
Pursue happiness to boost your productivity.
The glass is definitely half full!
And our souls.
Genius says yes. Economist says no!
The next two days will reveal more about these curveballs.
Move on, no story here.
Am I really going to write this? Yep, go the All Blacks!
They could take the steam out of our market too.
Note this scary offering.
The Oz economy is getting hot, hot, hot.
And they're off!
Look for the good news.
Start with a life plan.
When is an adult going to take over?
Everything moves in cycles.
Are they an economic threat?
But I really wish we didn't have to rely on Donald Trump for it to happen!
A recession isn't likely.
To know where you're going, you must first understand where you are.
We need a tax overhaul.
Lies, lies and damn statistics.
We need our economy to be growing!
Beam us up, Scotty!
Of course there are costs, but don't forget the benefits!
None of us are indestructible so it pays to keep good people close.
Thirty years on, are conditions really that bad?
You might be getting more back than what you pay.
You need to be in a position to take advantage of every opportunity that comes your way.
Getting wealthy is not an instant-gratification game.
The sky is not falling.
Quality questions create a quality life.
Maybe it's not all doom and gloom.
The more you care about your super, the more rewarding that super will be.
Give them some simple rules and repeat them over and over.
There are problems, but maybe things are getting a bit better.
One bad number does not a catastrophe make.
Persist, persist, persist!
As an optimist on the economy, how do we make sense of the bad retail number for the month of August?
There are two ways I can prove Bob wrong by having a better memory, by more careful analysis and by not having one eye.
Our worryingly high deficit is coming down and is likely to keep trending that way.
Myer is in a â€˜spotâ€™ of trouble â€” better call Sol.
If the US â€˜ducksâ€™ line up, it could give our economy a boost.
There's no time like the present to be grateful.
China steps up and and clamps down on North Korean businesses operating in China.
Christmas might come early for Wall Street.
It pays to think outside the box.
They are good businesses but they need to play fair.
Making money always requires a cool head.
In short, the more you talk online, the more likely you'll be nasty.
Because youâ€™re worth it.
Glass half full or glass half empty?
Don't worry, the younger ones get their perks too.
AI might give OK advice but it may not be great advice.
Malcolm toys with Bill shock at his peril.
It's no use blaming others for failures in your life.
The economy is about to lose its loser tag and I think I like it!
It could be a great move! To build above normal wealth, sometimes you have to do things that seem abnormal.
Can it be a good thing?
A lower Aussie would boost the economy.
No guts, no glory.
Beware dream-takers! You've not met passion like this.
Amazon is coming, but ignore the likes of Gerry at your peril.
Get used to all this positive economic data. There is going to be more!
Our growth numbers need to deliver today.
It's not just millions of lives they're toying with, but also the savings of people worldwide.
Not everyone's happy about the new sharing economy.
It may seem like a small thing but showing appreciation can make a big difference.
Aussie, Aussie, Aussie, Oi, Oi, Oi!
Don't worry, a recession is still unlikely.
The Yanks ride to our wealth rescue!
Do Australians do their online shopping differently?
Is the former treasurer the answer to our Senate troubles?
If you want to give your kids some quality money leadership - read this.
Minimise your fear and whinging - the economy is doing OK and will likely do so for some time yet.
Woolworths proved it's not dead yet with a terrific turnaround story, but should Big W be exterminated in-house before Amazon does it?
Small businesses will be given the stimulation of not being as screwed as they have been in the past when they took out loans with banks.
Canberra is bogged down with a host of issues but businesses, such as newspapers and TV stations, are being burnt alive. So why are't they dousing flames?
Over the next five days you should become wealthier, but the question is, by how much?
It can be useful to listen and think about other points of view.
When Rachel Hunter did a Pantene ad, she used a tag line that describes a lot about economics!
Get ready for a big news item, with the health and future of Telstra set to become a huge issue!
Is Amazon really to blame for the struggling, old-world retailers out there? Or is it just an accessory after the fact?
The Barnaby Joyce issue was surprising, but there are other important things that could impact your life and wealth!
This week could be a big one for smarties who play the market.
A recent survey quoted a Sydney Western suburbs voter, who lamented that the PM lacked intestinal fortitude. So what's intensified this lack of faith in our poor pollies?
Let's pray that this Donald Trump and Kim Jong-un thing doesnâ€™t get any crazier.
Last night on my own TV program I was accused of being, now wait for it, an optimist!
Anyone who wants to whinge about what weâ€™re economically enduring right now has no clue about the bullet we avoided in the past!
While the press covers the other big issues of the day, as an economist, it's my job to promote Australia's great jobs story.
What are the facts and figures saying about the Aussie economy? Are there reasons to be optimistic? Here's an 'eco-check' of the latest run of data.
There's a big lesson to be learned from Trump's sacking of "The Mooch" - a pearl of wisdom that's come from some great business builders.
What needs to happen for our market to beat the 6000 level and march past the record 6828?
My solution for our housing, jobs, wages, investment and growth problems might help us avoid cooking the golden goose called the Aussie economy.
According to a new survey, the majority of us view executives earning $600,000 and above as unethical! But is 'unethical' the right tag?
Why is reporting season so compelling for stock market players? They understand why it's so important to their wealth!
Bill Shortenâ€™s crackdown on trusts could really open a can of worms. So how far will Laborâ€™s tax trawling go?
One drug you might like to wind up getting addicted to is happiness. It could just be the secret to success!
I've asked those praying types to ask God for a lower Oz dollar. Now, we need to ask for help for the Yanks and their economy too!
Whoâ€™s getting pay rises? And why arenâ€™t you? With inflation coming in at lower than forecasted, a lot of people are asking these two questions.
We'd all like cheaper overseas holidays, but the Aussie economy needs a lower dollar. Here's why it's so desirable.
Media outlets scaring people for clickbait reasons need to think about the ramifications of their actions.
Bill Shorten will soon release his tax reform plan. So who will he crack down on?
A hell of a lot of us could benefit from a 180-degree turn in our lives and in the way we approach things.
Negative and nervous nellies have been trumped by positivity after impressive jobs numbers were released yesterday.
Why are Aussie consumers so glum when in almost every respect, life has never been better?
While those in the 'real world' are worrying about Foxtel failing to deliver on Game of Thrones, those of us in the money world are worrying about the banks and what they will say today.
There's a New Age warning - a man is not a financial plan. So who is going to make super as sexy and interesting as the stories that some women flock to in glossy magazines?
New US research on millennials shows that those who have a child before getting married are likely to end up in the poor house.
I always argue, if there's something worth doing, it's worth doing for money!
Itâ€™s ironic that good news for our economy actually hurts our potential to grow quickly enough.
Janet Yellen made her official testimony to Congress and the message was simple â€” interest rates will be raised, gradually.
A push from a pro-consumer coalition against mortgage brokers borders on the excessive and very selective.
In the absence of a surprise change in leadership style by the PM, the economy is his best help for a political rescue.
To avoid getting involved in the usual garbage newspapers preoccupy themselves with, occasionally I check out the best deals for anyone who prefers to be rich rather than poor.
What's Bernard Tomic's problem, which he shares with lots of normal people who don't have to show their unimpressive attitudes on TV?
Sales and business guru Jay Abraham taught me you should never underestimate the importance of the long-term relationship with a customer.
Normal news services really do get over-preoccupied with stories that sometimes sound interesting, but are really of no real consequence to our lives.
Economics and being an economist gives you the right to speculate on anything outrageous and you can count on the media running with it.
After a relaxing month in Italy, where I did a lot to finish a money book thatâ€™s way overdue, I returned to TV last night and blew up!
The old â€œIâ€™m taking my footie home if Iâ€™m not captainâ€ stunt never worked in the park when we were young, but I guess Malcolm Turnbull didnâ€™t learn that.
After receiving plenty of feedback about my un-Italian ways, I'm going to argue the case for feedback and why it can do us some good.
A big call merchant has called a big fall in stocks - so should we jump on his train to negative town?
Tony Abbott's pitch to get back his old job is basically to 'make Australia right again' - a 'fix up' promise. But just how broken is Australia?
We need an inspirational leader to nullify the splinter/narrow interest groups who have crept into parliament.
The economic benefit of taking a holiday abroad is to put into perspective just how important we are in the grand scheme of things.
The poor state of wage rises since the GFC gets regular attention. So are bosses simply screwing over their workers, or are there other factors to blame?
A solid life strategy could be to evaluate who you currently hang out with. Don't underestimate the power of surrounding yourself with the right people.
No one really knows what's going on with the stock market, but let's look at the positives and negatives for stocks right now.
Turnbull needs to point to the scoreboard and invoke Rocky-like morale boosters in all of us.
U.S. Treasury Secretary, Steven Mnuchin, says he's confident that massive tax reform has a good chance of getting up this year. Here's why this call is important.
The Turnbull Government seems to have the same problems that dog Aussie rugby.
Commentator, Republic agitator and the countryâ€™s number one red bandana wearer, Peter FitzSimons, has picked up a new worthy cause of informing us about the evils of sugar.
A picture could kick-start the process of making your goals and dreams a reality.
We're forgetting a few things with all this slow-wage-rise whinging.
The Fed pulled the trigger on a rate hike, so is this a plus for Australia?
What gives with the screwy stock market? Just how scared should you be that weâ€™re seeing the prelude to a big sell off?
The new world of hi-tech juggernauts not playing by the rules is making it hard for other businesses to hand out pay rises.
Two strange stories - one about a giant frying pan in Italy and another about a crap business card - can help you stand out from the crowd. Let me explain!
With the UK election, a testimony from ex-FBI boss James Comey, and the European Central Bank's meeting, Thursday was a huge day for markets.
One month ago, we were supposed to be scared about a housing bubble. Now the air is coming out slowly, there are fears about prices falling!
Even if we get a negative number for real GDP growth, we equal The Netherlands, which managed 103 quarters without a recession.
For now, I'm positive on stocks for 2017 and I thank Europe for it! Let me explain.
These five fortune-making financial films could help you kick off the changes that you might need to change your life - and your bank balance - forever!
I have been writing a book with one express purpose in mind- to make you rich!
I think the recession hopefuls and â€˜sell everythingâ€™ fund managers will have a longer wait than theyâ€™d want.
Next week, a disappointing economic growth number could lead to some negative headlines, which won't be helpful for confidence and all the things Aussies should be rooting for.
Phil Parker created a storm when he handed back his clientsâ€™ money and said he was selling everything.
Is there a real story behind all this housing bubble talk, or are there a lot of publicity seekers simply blowing a lot of hot air bubbles?
A good week of economic data will not only be great news for the economy, business, job-seekers and wealth builders - it could also take some pressure off the PM.
We need to work on our uniqueness and our indispensability to ensure we beat off those pesky robots that want our jobs.
Are things really as bad as media headlines tell us, particularly when it comes to mortgage stress? Here's what I think.
Iâ€™m not very negative but I just canâ€™t see where the impetus for growth is going to come from in the short term.
While I had Morgans' Michael Knox in the hot seat on Monday night, I had to ask him about a Donald Trump impeachment. Here's what he had to say.
Young Aussies might be finding it difficult to buy a property, but maybe they have fallen into an alternative - and possibly better - investment option!
Here's a huge money lesson for all of you - especially if you like using comparison websites to find the 'best deal' around town.
We need and want a leader who can excite both business and consumers.
What we saw yesterday was a Trump slump. And if he doesnâ€™t lift his game, he will cancel out more of the gain weâ€™ve seen in stocks since his surprise win in November.
Politics isnâ€™t always crucial to markets and the economy - but at times it can be pivotal.
A number of factors have put Aussie workers and their better-than-world average wages under pressure. But like the frog in the boiling frog principle, a lot of us haven't noticed that the heat is being turned up.
Finding the right leader is easier said than done. Let me explain.
Our banks will cope with this new tax, but I sometimes wonder why we punish our success stories.
Our national leaders need to not only praise the value of education, they also need to encourage entrepreneurship.
Here's my take on Bill's Budget reply or 'Crocodile Dundee' show.
Great leaders know when they have to take a step back to take two steps forward. They have to pick their fights wisely.
Iâ€™ve tagged this Budget as the â€œBeam us up, Scottyâ€ Budget, with the Treasurer trying to pull off an economic escape plan that just might be sellable to the Senate.
There are a lot of figures thrown at us at 7:30 pm on the second Tuesday in May, so here's an every personâ€™s guide to assessing the big issues of the Budget.
On Wednesday, the Budget will dominate our newspaper headlines and the most-read websites. And this obsession partly explains why we're so great.
If you want to be a success in the eyes and ears of other people, then you should think about yourself as a business!
The RBA boss spoke in Brisbane yesterday and the newspaper headlines were negative and scary, with Governor Lowe warning that household debt leaves us more exposed to an economic downturn!
Journalists who covered the structural change of the Aussie economy since former treasurer Keating embarked on a deregulation tour in the 1980s, may well have become victims of his work and the work of others.
Is there any value in worrying about a wage and interest rate future you can hardly change?
What can women - and young people generally - do to ensure that they donâ€™t meet retirement with precious little in super?
The only problem with young people saving more is that it could trigger the Paradox of Thrift. Let me explain.
Here is a helpful piece of mentoring for the thousands of LinkedIn buddies I have accepted over the years.
The smartest move the Turnbull Government has made in recent times is this change of narrative around more understandable concepts, like â€œgood debtâ€ and â€œbad debtâ€.
Donald Trumpâ€™s tax tease will put pressure on all governments to think about their relative tax torture - and that goes double for Treasurer Scott Morrison.
News services say the North Korean war threat is escalating, but stock markets continue to ignore it. So can it last?
The Gold Logie winner - Samuel Johnson - and the Logies generally tell us so much about the average Australian that our politicians try to win over, and how you have to do it.
The tightwad in all of us sometimes says that paying for advice or guidance is a waste of money. But often, it's one financial step back for a pile of steps forward.
It could be a long way off before Amazon has any real impact on rival retailers, but the market is seeing it as Armageddon for great businesses like JB Hi-Fi and Harvey Norman.
It seems that there are too many of us who think itâ€™s a national right to whinge. Let's look at some macro or big-world reasons for not voicing your disappointment with the world.
After reading between the lines of the Reserve Bank board minutes, one economist is preparing us for a rate cut. But another economist is far more optimistic.
Yep, I get it. The media needs to scare the pants off you so you keep coming back for reassurance that things are really worrying.
The turning point in someone's life is when they start to lead themselves and that prepares them to lead others.
Yesterday was disturbed by media reports that if China pulled the wrong rein, we would be in the you-know-what! But others have been talking up China's potential.
Until further notice, it's OK to be optimistic on the Aussie economy. Here's the latest economic show and tell.
At a time when most stories focus on the craziness of Sydney and Melbourne house price rises, debt ratings agency Moody's has given a measured view of the year or so ahead for the price of property. Here's what they had to say.
With May only 21 days away, and knowing that global stock markets have had their best quarter in about four years, you have to wonder if that old market maxim - sell in May and go away - will work this year.
Last week I had the pleasure of hanging out with the people who, potentially, can save Australia from the economic Armageddon that alarmist media commentators are stressing us about!
I donâ€™t feel comfortable with business lawbreakers, monolithic business killers, and latent business haters who often reveal themselves in their Tweets.
On Tuesday, the RBA boss Philip Lowe tried to scare the pants off people overbidding on Sydney and Melbourne houses. But what if this jawboning scares the wrong people?
One and two years ago, I wasnâ€™t worried about bubble talk but the facts are changing, so itâ€™s time for the Treasurer to get involved.
Donald Trump can be the villain or the hero in this story. At the moment, heâ€™s the latter.
Australia looks on track for a stellar year. To our Treasurer with his fiscal game plan ahead, I say, â€œbeam us up a great Budget, Scotty!â€
My recommendation for getting richer is to model yourself on the abnormal high achievers that you see around you.
Why does an economist/finance commentator/business owner care about our political problem? Let me explain.
Why have stocks continued to rise after Trumpâ€™s health care bill was pulled from a vote in Congress?
Young people toss in their job regularly and this is causing a super problem, with too many Aussies having too many accounts. But thatâ€™s about to change.
The market looks like itâ€™s giving President Donald Trump one more chance on tax reform but be aware that the collective attitude towards him is getting a little worried.
The failure of Donald Trumpâ€™s healthcare reforms to gain Congress approval was not well received by financial markets, though the sell off was not dramatic.
I have an outside-the-square solution to our house price problem, but will the Government have the guts to try it?
If this health care vote gets up, Wall Street will spike and our super funds will have a great financial year. If it fails to get up, think big sell off.
If Congress plays ball with Donald, then stocks go higher. If they cause trouble, stocks go lower.
Despite the RBA and APRA getting a tad nervous on house prices in Sydney and Melbourne, they still havenâ€™t said the bubble word. So why wonâ€™t they?
A sign that was lambasting greedy developers got me thinking about how important greed is in our economic system.
Former Prime Minister Paul Keating has weighed into the debate on letting young people access their super for housing - and he's both right and wrong.
At the core of what troubles a lot of us, and what holds us back from success and happiness, is our preoccupation with the crappy things in our past and anxiety about our future.
Februaryâ€™s job statistics and the media response made me ponder why so many economists and their media buddies treat the Oz economy like that great singing legend Kamahl?
A year ago, if someone in US Federal Reserve officialdom hinted that an interest rate rise was imminent, you wouldn’t have been surprised if Wall Street dumped stocks.
Don't be afraid of those scary economic headlines in desperate media outlets! Be positive, confident and happy.
I know many people are afraid of stocks but they have done them badly, without good advice. Here's why I like the 'scary' world of stocks.
We waste time on the dumb stuff instead committing more time to the smart and valuable things in life.
In business and in life, the art of persuasion is important. The science behind it might teach you a lesson or two.
If you want to grow as an investor, as a smarter or better person, you have to keep good company and be travelling up the learning curve.
For years I have been warning consumers that their passion for good Internet deals and supporting big, foreign retailers and disruptors, will hurt jobs and wages.
Thereâ€™s a super swindle going on and no one seems to care, so let's put it out there to see if we can generate interest in the issue.
Today the RBA won't change interest rates, but if we get inflation this year, the next move could be up.
With all this talk about housing market risks, let's take a look at some expert views on the matter.
Aussies want leaders who use common sense to create solutions.
After our market picked up another boost from another well-received Trump speech, it should also be pointed out that our march higher has something to do with a good run of data.
The President's State of the Union address may have been short on detail, but it turbo-charged the hope factor that he has brought to the table.
The Aussie economy is set to rebound! No, these arenâ€™t the usual positivity-driven utterances of an excessive Peter Switzer, but the headline of CommSecâ€™s chief economist, Craig James.
Wall Street will test Trump tomorrow when he gives his first official address to Congress and has to deliver more than just promises.
On Wednesday we get an important number that could make or break our goal to be the best growing economy of all time! Hopefully it's a day to ramp up the nation's positivity and self-belief.
Ahead of the footie season, which is only weeks away, I had an unusual reminding of how important the power of a champion team is over a team of champions.
Itâ€™s no surprise that Tony is priming to knock off the Prime Minister, given how badly Malcolm Turnbull is doing in the polls. However, this is a political disturbance the economy doesnâ€™t really need.
Some economists are very negative on our prospects because wages in Australia simply aren't rising quickly enough. But are they just victims of their old-world thinking?
A superannuation war emanating out of Canberra looks likely and it centres on who runs the most popular super funds â€” industry funds.
Why don't our education systems teach business to everyone? Business can teach life skills missing in Canberra and in many families, like leadership.
With footie season not far away, Iâ€™ve been thinking about the political football that Bill Shorten wants to kick around â€” his Royal Commission into the banks.
Just like Donald Trump and Ronald Reagan, Malcolm Turnbull has to find a way to connect with the majority.
Letâ€™s take a look at what you might be missing because the media invariably goes long bad news.
Stock markets were up again overnight and reporting season here isn't spoiling the party, so are we living in La La Land, and what happens when the music stops?
If the media won't tell the good news as regularly as it should, then I will! Here's a great news story you might have missed.
The US stock market is going gangbusters at the thought of Donald Trump and his promised policies. So how long can this stock market love go on for?
Both online and offline landscapes scream at retailers to do something huge to get customers to love them - but many just canâ€™t cut it.
Over the years, I've had lots of readers, viewers and listeners who have asked to invest with me. Now you can with the Switzer Dividend Growth Fund.
In the late 1980s, Paul Keating said even the galah at the local pet shop was talking microeconomic reform. Well, now the galahs (not referencing Trump) and even sensible people like Dr. Phil, are talking tax reform.
I really hope this new and improved Malcolm Turnbull is not a one-day wonder.
As the old clichÃ© goes, sometimes good politics is bad economics and bad politics is good economics.
The expected Cory Bernardi split from the Liberal Party is just another problem for our economy - and the PM - to cope with.
Many economists expect a rate cut after the middle of the year, and a few think a couple are still to come - but growth is the key.
Edward de Bono told me years ago that the high achievers of the world think outside the square. In our Switzer Dividend Growth Fund, we do exactly that.
The surging Aussie dollar has really put the RBA in a pickle. Could they be thinking about cutting interest rates?
Malcolm has to lift his game. As a starter, he needs a better advice team.
The recent pullback of stocks that continued overnight on Wall Street is probably a good thing. Let me explain.
The course of stocks is in Donald Trumpâ€™s court. You have to hope he learns his lesson well and fast but I have my doubts and so do the smarties who trade stocks for their wealth.
The first and third richest men in America couldnâ€™t be wrong on what a Trump Presidency would mean, could they?
Develop the desire to pump up the muscle that powers your focus - you'll be more like a rooster than a feather duster!
As we rallied around the flag for Australia Day and watched Federer rally with Wawrinka yesterday, over on Wall Street, stocks rallied to beat the 20,000 level!
Today's inflation number is important for a number of reasons, so let me put my old economistâ€™s hat on to show you why this little number is so crucial.
Donald Trump is an economic experiment and his week-by-week decisions over the next 97 days could help - or hurt - our stocks and super.
Iâ€™d like to think the leader of the free world - with whom we have to deal for the next four (probably eight) years - can turn out to be a positive surprise package.
Nick Kyrgios blowing his two-set lead in the Australian Open can be linked to the failures many of us have with money.
On one hand, Trump is set to possibly usher in a radical departure from conventional politics. And then yesterday, we saw the departure of Mike Baird, a conventional pollie who showed what can be achieved by a professional leader.
I think if Trump can get away with a number of his policies, then stock markets will rise for at least the next two years, and we will be richer!
In 2016, money news was dominated by political stories, but after last year, you have to wonder how much you should care about grandstanding pollies.
Right now, the positive aspects of Trump (lower taxes, more infrastructure spending and less financial regulations) dominate the marketâ€™s view on him. Bad Donald - the anti-free trade guy - has been ignored.
If this witch-hunting goes too far, weâ€™ll only be able to see our monkey politicians in the 'zoo' in Canberra, or on TV!
Since a few followers are getting tired of my positivity around Donald Trump, today Iâ€™ll give it a rest and take stock of the latest readings on the Oz economy.
Have trouble sticking to your New Year's resolutions each year? Here's how to make sure that - like many of the greats - you become a winner.
From the looks of the Dow Jones, Donald Trump didn't blow his first real test with the first press conference held since the election.
Is Trump the risk we had to have? Perhaps we need a Trump experience to break out of the post-GFC economic funk that saw central banks rule the world, with limited economic success.
While Streep and Trump were stealing headlines, a little-known chief economist from Deutsche Bank said the new US President might just keep his promise to double US economic growth!
There are times when the structure of an economy changes and some measure on the economy, which might have been reliable in the past, becomes somewhat dodgy.
It's been a good year, but you may not have noticed if you've been reading the mainstream press!
With the credit rating agencies hovering over us like vultures waiting for a dehydrated explorer to keel over, the only â€˜outside the squareâ€™ play Malcolm Turnbull can go for is to channel Donald Trump!
If we do lose our 'precious' AAA rating, which keeps interest rates lower, I wouldnâ€™t be pointing the finger of blame at the Turnbull Government. Find out who the real culprits are.
Here's my recap on the year that was, as well as the memorable success insights I picked up along the way that will hold you in good stead for 2017.
Iâ€™m giving the negative tales on jobs and interest rates the â€œbah humbugâ€ rating ahead of Christmas, but I wonâ€™t dismiss these outcomes as totally out of hand. Watch this space.
While you were sleeping, the US Federal Reserve raised interest rates for - wait for it - the second time in a decade! I'll drink to that!
If we see two rate cuts over 2017, then we (or our economy) will need it and Iâ€™ll have to get a new economic crystal ball, which has been very accurate for a long time, even if I do say so myself.
I reckon a lot of Aussies would like politicians to do some 'outside the square thinking' on getting more tax in from people who arenâ€™t paying their fair share.
An off-market sales trend has emerged in Australian prestige property due to an undersupplied market, better use of database marketing, the rise of the buyersâ€™ agent and increased opportunity for wealthy clients to maintain privacy.
If anyone tries to talk you or the economy down as Christmas looms, I have just one thing for you to say: â€œBah, humbug!â€
When it comes to stocks, I will turn negative one day, but now is not the time! Here are a few reasons for believing in the power of positivity.
The late Steve Jobs once shared three stories from his life with Stanford University graduates - and I think they're a must-read for anyone looking to change their life for the better.
Anyone who wants to hail this surprisingly bad economic growth number as a sign that our economy is going down the gurgler is someone whoâ€™s programmed for excessive negativity.
We could get a worse-than-wanted economic growth number today, so I'll be keeping my eye (De Niro style) on anyone in the media who goes too far trying to talk down the economy.
Despite Italyâ€™s potentially worrying â€˜Noâ€™ vote in its constitutional reform referendum, Wall Street is up! Is there anything Donald can't do?
Good news came out of Austria yesterday, after the country rejected a far-right leader, but there are at least two other matters that could hurt our hip pockets this week!
The first step involves changing you and the second is about changing your target so they see you in a light that makes you irresistible.
Some of my journalist mates and those â€˜expertâ€™ investment experts, who always play the doom-and-gloom card, really need to get a life.
Doomsday merchants are going to wake up to disappointment this morning, with the usually unreliable members of the Organisation of Petroleum Exporting Countries (OPEC) coming to an agreement!
I thought Iâ€™d have a crack at seeing why we might be nicer to economically comfortable, retired Australians compared to 40-somethings. Here goes.
We need an inspirational leader who makes us concentrate on the important things in life, not all things Kardashian.
There are two important international events coming up and both could potentially trump the Trump rally! Here's what you need to look out for.
Why do some leaders achieve massive buy-in, while others just can't get the results that great performers can pull off?
Donaldâ€™s vicious circle that he created for non-believers and the status quo who run America is, day by day, turning into a virtuous circle! Let me explain.
After one nasty Tweeter directed his nastiness at me, I think it's compulsory that I declare: â€œIâ€™m not your expert! Iâ€™m an educator wanting to build your wealth.â€ The real guru is inside all of us.
Can the rising market be put down to the Trump-o-party effect? Or should we be thanking the Chinese too? Find out here.
2017 should be good for stocks if we can trust Trump and history, but how long does this bull market have to go?
If you'd prefer to be richer rather than poorer as you get older, it's time to treat your money (and your future) seriously.
I know this might shock some regular readers but the very fact that Donald is the new President has actually given me the guts to ask this question.
The run of economic news is actually more good than bad right now. And since other media outlets specialise in bad news, we like to be different and provide the good stuff, if itâ€™s around.
A big story yesterday explained why your boss is behaving like a scrooge nowadays when it comes to wage rises. But for a lot of us, we shouldnâ€™t really be whinging about it because weâ€™re to blame!
As no one else will write this in the media today, let me give you the best take-outs from RBA Governor Dr Philip Lowe's speech.
A few week's ago I wrote about the seven essential habits of highly wealthy people. Today, let's discuss the most important habit of all that could make a huge difference to the way you live, and ultimately retire.
As of January 20 next year, when Donald J. Trump becomes the 45th President of the USA, we will be witnessing what might be called the "Trump Trickle-Down test".
What motivated enough Americans to give Donald the gig and how can we benefit from it? At the core of his success is his own drive to win and ability to sell a message.
There could be some rethinking on Donald, but for a second day the market appears to be coping with the prospect of President Trump. Watch this space.
Donald has mastered the TV world that has come out of Los Angeles or La La Land, so I hope he can turn this into an economic reality show that rates its socks off!
We simply donâ€™t need a Trump experience, with 2017 shaping up as a good year. Letâ€™s hope God can prove that there is a God in heaven via the election results over the course of today.
I wonâ€™t be popping champagne corks until Wednesday night when we know the result but I wonâ€™t be buying the bubbly beforehand!
I have decided to rate Trumpâ€™s leadership qualities as objectively as possible using John Maxwellâ€™s 21 Irrefutable Laws of Leadership, based on the best-selling book - here's what he scores.
One of my key goals as a business educator is to help others be the best they can be and that's why I say screw pessimism, I'm going long on optimism!
Hillary supporters need a rising stock market to KO a Trump victory! Pray for a couple of good days for stocks before Tuesdayâ€™s poll.
Markets are spooked by the prospect of President Trump, so let's be fair and have a look at what his economic policies promise and why they might be scaring smarties in the finance world.
The fear index shot up over 10% overnight thanks to Donald, the FBI and those Americans who think Trump is the answer.
I think the chances of a rate cut today are pretty clear. So what should you put your money on at the Cup?
Building your bank balance and assets won't come by fluke. Here are the seven essential practices of highly wealthy people.
From selling tiles to creating one of the world's most-loved tourism experiences, Paul Cave has demonstrated the intensity required to turn great ideas into real business success.
Malcolm Turnbull has a love problem- we just don't love the guy and I reckon it's because he has a connection difficulty. Let's look at how he can fix it.
The best tip I can give you in the 'Super Cup' is to do the form on your super fund. As I always argue, if anything is worth doing, itâ€™s worth doing for money.
I think deregulation and decisions by the likes of former Treasurer Paul Keating unleashed what I call the De Niro syndrome. Let me explain.
I hope today's inflation number is bigger-than-expected and that no one says they donâ€™t believe the numbers! As you go about your day, I want you to eat, love and pray for inflation!
I went searching for the arguments for a market crash. So what are the experts saying, and am I still running with the bulls? Find out here.
For the sake of the economy and the people who live in it, it's time to back off Tony.
Yesterday's jobs data looks at odds with so many other economic readings on the Oz economy. So was it really an economic problem, or a statistical one?
It's been a crazy week but it might be just the best week of my life. How come? Well, an overdue penny has dropped.
Will the third wave of the Internet be a slow forming gentle one, or another dumper like the second? One thing's for sure, The Times They Are a-Changinâ€™!
Don't let the experts and media headlines stop you from making money. There are always opportunities and I will give you a leg up when I see one coming along.
We won't know until December, but US Fed boss Janet Yellen could end up being the hottest woman on the planet! Find out why.
Doomsday merchants are feeding the media about all manner of problems, with the latest linking an apartment oversupply to a bank balance sheet problem.
I am a great believer that it's your attitude that determines your altitude and how high you fly, so if you have an attitude problem, it's time to change that ASAP.
Doomsday merchants were dealt a blow to their usual level of self-assured ignorance on economics, when Japanese steel makers decided to pay 117% more for Aussie coking coal.
From the tennis court to Canberra, it's clear we have a worldwide leadership problem. Here's how they can up their game.
Despite a new poll showing Hillary is 'pants-ing' Donald, it's back to the wall of worry for Wall Street. Could this be the start of something bad?
Common sense is not all that common when it comes to politicians - and that's why good sense has gone out the door!
I have to say, Aussies should point the finger at themselves if they think banks behave badly and no one is doing anything about it.
I want to share with you 50 Shades of Great as I look at 50 highly motivating one-liners, quotes and lessons from exceptional people.
Two potential hurricanes are bearing down on the US, and one is called 'Hurricane Jobs', which could strike overnight and blow some ill winds for stocks.
Here's a seven-step plan to get you money smart and protect your hip pocket from the scary world of banking.
Our banks are like Kim Kardashian â€” everyone seems to hate her, but a great number of â€˜fansâ€™ do business with her!
I felt guilty about not writing yesterday, because it's my winning process to help you lift your money, business, or wealth-building game!
When these great sporting weekends come along, I like to reflect on what we learn from these high achievers and the standout lessons they offer.
I love football, but this weekend, Iâ€™ll be more interested in how Germany plays Deutsche Bank.
As an economist, Iâ€™d love lower oil prices â€” it should deliver income, jobs and lower costs â€” but in the real world, it scares the you-know-what out of financial markets!
It's presidential debate season, and some credible economic and data revelations show that a Hillary win is possible!
Here are the crazy events that are bound to be market movers between now and the end of the year - but have no fear!
We tend to know so much about unimportant things like The Bachelorette, but so little about what affects our wallets. Listening to sensible stories could help you get rich!
Whether he knew it or not, Zara founder Amancio Ortega built his success by following the great thinker Edward de Bono's advice to "think outside the square".
The bookies are still saying â€œforget about itâ€, but the polls and Master Feng are saying Donald Trump could be the next shock to the world and financial markets.
Property can be a great money maker, but can investing in stocks be as safe as houses? Let's compare the pair!
Believe it or not, but the Fedâ€™s impact on stocks is huge, and thatâ€™s why I argue with the bank bashers who call central banks boring.
Aussie companies are getting in touch with their feminine side, with the percentage of female directors on the ASX 200 on track to hit 30% by 2018.
The US Fed meets this week, and if they raise rates, there could be a big stock market sell-off because the market doesnâ€™t expect it. So should you be nervous?
When it comes to making self-improvements in your life, this is what you should tell your son, your daughter and maybe yourself!
Should the proposed super changes be called a backflip, or a sign that Malcolm and Scott are listening and taking advice from sources who understand Australians? Here's a rundown of the changes.
Thereâ€™s something strange going on in financial markets that could be good news, but there might be some short-term pain before we see it as good news!
It's time to manage your fear. This market movement is a buying opportunity for smart wealth accumulators, but this time, it's different.
In two days, two Fed Governors have taken the Dow for a ride and, along with it, every stock market in the world!
Whatever happens, it will just be another strange day in the crazy, stupid love affair we have with stocks.
Cecconi's restaurant is a Melbourne institution. This week I caught up with Maria Bortolotto to learn more about the family behind the legendary Italian eatery and this very tasty business story.
This was a good news economic week and explains why Iâ€™ve been positive on the economy. Here's what happened.
Superannuation has a pretty dull reputation, but it's a sexier topic than you think!
Could you be better, smarter, more successful, wealthier and happier if your inputs to the likes of Facebook were taken to a higher level?
The media-consuming public miss out on good news, such as what showed up yesterday. Read this to get in the loop.
Now don't get me wrong, I like controversial calls, but I wish the media would test them out rather than let them go on without question.
Unlike Jerry Seinfeld's show about nothing, after years of analysing legendary retailer Gerry Harvey, I have to say that this Gerry's life is a show about something!
Itâ€™s time for the Prime Minister to get the daily political coverage by the media back to the main game â€” jobs and growth.
What's the 'big ticket' to get on the super highway to a self-made fortune? Many of the world's most successful people have this common characteristic.
Good news could be on the way from the US and while it could lead to a stock market slide, it will only be Act One in this new play for Wall Street and global stock markets.
I thought Iâ€™d test out these outlandish views about a 10-year recession and low interest rates. Here goes.
Disunity isn't the only issue for the Turnbull Government. We really need to talk about Malcolmâ€™s leadership and ask: who in the hell is advising him?
Paul Murray is becoming one of the most influential political commentators in the country. This Q&A goes deep on his career, his family, his views and his hopes for Australia.
Right now, when Iâ€™m asked about a 10-year recession and 10 years of low interest rates, I say: â€œI doubt it.â€ It makes me a temporary bull not a perma-bull.
These three headland speeches could be â€˜make it or break itâ€™ events for the Turnbull Government.
Super isn't the same and straightforward for all Aussies but some could feel screwed by the changes.
Now before you start shooting me with your Twitter gun or feedback email, even if you are not interested in being rich, it’s a fair bet that most people would love to end up rich. It could be by design or by accident, but the words of the great comedian, Sophie Tucker, still ring true: […]
Whether they be winners in business, politics, the professions, sport, or even the arts - how do they become the greatest?
Weâ€™re still a gold medal economy and itâ€™s time we started to be proud of it, because negative attitudes beget negative results.
This week, I put multi-talented chef, author and TV host Guy Grossi under the Switzer Q&A deconstruction grill to understand his secret success recipe.
This could be a shock to all you complacent individuals, but interest rates could soon rise and they might spike up rapidly!
There are many things you can't change, like the political games played in Canberra. But you can change your behaviour! Here are seven habits of highly effective people.
The RBA had a good news story on the Aussie economy yesterday, and it's my duty to tell you about it!
The radio wasnâ€™t offering what I was looking for last night, so I listened to US motivator Tony Robbins talk about self-confidence.
What has made Phelps great? And what could help the Bronte sisters and every Australian until we end up with a much better economy?
If you want to really lift your performance as an employee, business owner or as a wealth builder, you have to answer two vital questions.
We could kill the economic threats out there but the starting point is that our national leaders must beat the confidence recession first.
Two bankers put our economic outlook into perspective yesterday and itâ€™s worthwhile to look at what they told us.
Today marks Glenn Stevensâ€™ last official speech as the Reserve Bank Governor and the media will be all over this momentous occasion.
For the aspirational person looking for the motivation to try and get to higher levels of success, Tony Robbins is a gift.
These US jobs numbers were the gold medal win of the weekend, in case you missed it and your mind has gone to Rio!
Are you ready to find your path to wealth? Here are some money secrets that can make you richer.
It all boils down to one piece of data - the US non-farm payrolls.
This is for anyone who wants to lift his or her game, and something that strikes a chord with a lot of the audiences I talk to.
Since Malcolm Turnbull has been running the show, is there anything he can crow about? Let's take a look.
Here's my reply to some critics who could learn about playing the long game to build wealth. It's not a sprint. It's a marathon.
Real world economists think cut rates, while unreal world economists â€” my old academic buddies â€” say donâ€™t bet on it.
ATO boss Chris Jordan not only thinks outside the tax box, he exudes difference. Not only to the previous tax bosses over the past, but to most of humanity.
The worrying story for markets this morning could be one personâ€™s view that weâ€™re on the possible verge of a banking crisis. That's a big call, so I went looking for evidence.
So do rates fall next Tuesday? It's a very close call.
Trump deserved to succeed in TV land with The Apprentice but I donâ€™t think he deserves to be the last person standing on November 8.
Itâ€™s becoming very possible that the improving outlook for stocks and our super could be trumped by Donald.
If you want to win in business, be the best at customer service and dare to be great.
We shouldn't be allowing Pauline Hanson to do all the running on nation-defining subjects- this is a job for a Muslim fear buster. Malcolm, you have to be the main man.
For an interesting bunch of stocks from an expert portfolio of stock pickers, read this!
When it comes to money, you need to be committed and focused. You need a goal and you might also need advice, but remember not to be passive!
Itâ€™s time we all accentuated the positive. And the media should come along for the ride!
Do super fund managers - who have been called 'index huggers' - really deserve to be copping such flak? Let's take a closer look.
Jessicaâ€™s commentary on older generations surprised me and suggested it's more than just an economistâ€™s desire for a better world.
With a healthy level of scepticism prior to meeting a Feng Shui Master, I was bowled over by what he revealed- and could just be a convert!
Right now, good news is trumping bad news and if it holds up, this current market optimism could send stocks even higher.
Does the tendency for Americans to be optimists, and Aussies to be pessimists, explain the appalling performance of the Aussie market relative to the US?
There is a possible explanation for this odd behavior of possibly misguided, pissed off voters. Here's what I think.
There are good reasons for the positivity for stocks this week. But what could undo it?
To the expert sideline critics of my optimism - here's my response.
I might be optimistic but I do try to be realistic. It's just not time to be a bear!
Last weekend's poll has the F-word for failure written all over it, so what advice can this legendary motivator and business builder offer?
Iâ€™m sweating on a great US jobs number, which is out tonight (our time) and could be a huge story Saturday morning.
I reckon our political reps could learn a trick or two from this tennis (not yet) great.
I hope Iâ€™m wrong, but markets could get even with our unusual voting decisions that delivered us Pauline Hanson, Jacqui Lambie and Derryn Hinch in spades.
Our economic story, especially on an international comparison basis, is great and should have been held up as something you don't want to lose.
Doubt we had a leadership problem? This election should have changed that.
Developing strong leaders is crucial to the success of a country, just as it is for a family or a business.
For the sake of job creation, faster economic growth and me winning a bet to a free Chinese meal, this is the election outcome I hope for.
As I always argue, when big curve balls come at you from left field, stock players sell first and ask questions later.
The Yanks got up on Tuesday and did what theyâ€™re famous for â€” they shopped! And it was stocks on their shopping list.
It was no Texas Chainsaw Massacre on the US stock market yesterday but I bet our market will succumb to gravity today.
The key question is: will Brexit end up being a money monster that could devour the economic and market recoveries?
Does our PM have the qualities of a superman? His track record indicates he does, but have those qualities deserted him?
We should know the momentous decision by 4pm our time, but if early trends are significant, our stock market could surge or slump!
I hope we can trust the marginal seats data, but as a historian, I canâ€™t get too cocky about what pollsters are telling me.
You had to flick to page 21 but buried inside was a great story about mining confidence! Who would have thought?
Just when we thought this would be a wild and worrisome week for the market, there has been a massive turnaround in sentiment. So what gives?
As Steve Jobs said, being filthy rich is overrated. But it makes sense to be comfortable so you donâ€™t have to rely on politicians!
Malcolm and his team have a selling problem, or maybe there's just a problem with us, his customer base!
Turnbull canâ€™t see Brexit benefits outweighing the negatives and our stock market currently agrees.
When it comes to Brexit and the US election, these are the two times in my life when I hope the bookies are right.
Growth and jobs are the key. Itâ€™s just a pity these goals are being disparaged by those SOB political pundits in the media!
The tragedy in Orlando could end up leading to other sad events, with one being the election of Donald Trump as the 45th President of the USA.
John O'Leary is a man who, with a little help from his friends, turned a personal tragedy into a business that has helped people across the globe.
Here's what business and sporting greats can teach you about being champions not only in your career, but life.
Banks are an attractive investment if you're like me and believe in them over the long-term.
I think itâ€™s safe to ignore the lying stats and believe our economy is in pretty good shape.
Janet Yellen hinted at two interest rate rises this year and the Dow finished up! What the?
Our economy is looking good and we should avoid the doomsday merchants if we want growth to continue.
Founder, former CEO and chairman of CommSec, Paul Rickard, has one of the greatest Aussie disruption business stories â€˜never' told.
There are a couple of hairy curve balls around the corner but I can't admit to total negativity.
A load of economic number crunchers keep talking down our economy but it keeps making a monkey out of them!
Super competes with property as our key nest-egg provider, but is largely misunderstood - so read this.
The Government has a policy selling problem and Iâ€™d start with the name 'National Innovation and Science Agenda', which should have been innovative enough to get CFOs interested!
The one thing we all can agree hasnâ€™t turned up to the leadersâ€™ debate in spades is a great leader and the smell of quality, charismatic leadership.
The A.H. Beard business story is an old fashioned one, with a new age twist when it comes to beating the scariest thing of all in a family operation- the third generation death knell.
If you decide to play ball with Labor, youâ€™re betting on what happens to your home prices.
As Warwick McKibbin argued â€” this might not be a great time to get even with our banks. Letâ€™s give ASIC one more chance to play the tough cop on the beat.
The super changes are too draconian and hurts typical Coalition voters.
These super changes have underlined that most politicians are just like the people they represent â€” they donâ€™t understand superannuation.
Given what the Government has done on super, it would be in the interest of anyone hoping to build up their super to vote for Bill.
This battleground state could be Malcolmâ€™s Waterloo, if the economic data doesnâ€™t keep improving and super changes keep retirees hopping mad.
Like many entrepreneurs, Luke Mangan was a failure at school but through a passion for cooking, hard work and lucky breaks, his business life is a veritable feast.
The media tends to concentrate on the gripping, but trivial, issues at the expense of the really important.
It's a strange world where good economic news has many market players going negative.
Will Malcolm be dining with Hillary next year as leaders of their respective countries?
Let's take a look at the economic consequences of negative gearing being abolished.
David and Cathy Harris grew their business Harris Farm Markets through hard work. Now it's time for their three sons to take over the reins.
It's not easy to think about or to write but it's the best economic advice I can give you.
Are we set for a sell off and do consumers and the Turnbull team need more negativity from stock markets?
If you want to lift your performance as an employee, business owner, or wealth builder, you have to answer two vital questions.
All Budgets can annoy Australians but I think the people who have the most reason to be disgusted right now are Coalition voters.
Potential market madness over May and June could be a curve ball for the Government's re-election.
Paul Constantinou learned to dream and make real what the less brave might see as impossible.
ScoMo has been copping it for his super policy proposals and anyone who knows something about super can see why.
Why is the 7:30 Report's anchor so rude to Treasurers? She's a great journo who doesn't need to ask smart Alec questions.
This first budget comes with a super-slugging sting.
This is a huge day for my old economics student Scott Morrison and I hope he pulls off a big one for himself and the rest of us.
This budget has to stimulate growth, prove a surplus is coming as well as win over voters.
Tony Abbott admitted to me last night that there are two things that are critical underlying issues for next Tuesdayâ€™s budget.
I hope the RBA decides that we donâ€™t need a rate cut on Tuesday but I also hope that theyâ€™re right in their guess!
I really hope this is a year when we buy in May and stay!
The data over the coming months will be pro-government.
Having won the late business mogul over with his Wizard business, this boy from Sydney's western suburbs remains focused on success.
If anyone had listened to and been spooked by Soros, especially in the US, they would have lost a lot of money.
You can change from being a pessimist to becoming an optimist!
I know the election hasnâ€™t been called but weâ€™re in campaign mode and May could be a make or break it headline month for the PM and his team.
Who's giving Andrew Bolt his economic briefings? Theyâ€™re way off beam and economic data to date proves they are way too negative.
The failure to reach an agreement on oil production paves the way for a perfect scenario for hedge fund managers and their short-selling ways. I expect negativity on markets today.
The debt ratings agencies have had a chequered history of late and their advice needs to be questioned but they could take away our triple-A rating.
Consumer confidence plunged to new lows despite our stock market bounding up. â€œWhat the #*!?â€
With an optimistic tailwind from yesterday, letâ€™s see what good economic/market things have to happen to make our PM smile.
Right now short-sellers are having a crack at our banks. I wonder what Billâ€™s bank bashing is adding to the negativity that encourages short-sellers.
Iâ€™ll be worried if Arriumâ€™s fall from grace was because of something wrong with our economy but will be a little relaxed if it was just dumb management.
From a home-based business to a diversified company employing more than 50 people. I share my story.
Next week thereâ€™ll be a couple of other tests that could easily scream: â€œMalcolm, youâ€™re in trouble!â€
There is still value in the market despite what the enfant terrible like the oil producers are doing to the market.
The future of stock portfolios looks like it rests on the sanity of the OPEC and non-OPEC oil producers.
Financial advisers should be important to wealth-building for all Australians but the cost and the expectations of clients makes it a very hard game to get it right, especially for women.
Iâ€™ve been a big supporter of the new PM because he looked set to do what Tony Abbott couldnâ€™t. However, he needs a new adviser before itâ€™s too late.
Radio host James Valentine talks family, friendship, the relationships he has forged with thousands of his listeners and being the male version of his mother.
My view is that weâ€™re caught in a battle between bulls and bears. It's a line ball call on whoâ€™s winning but the bulls are just ahead.
Why is the world picking on our banks? And more importantly, are the banksâ€™ doubters wrong?
The most important takeout of Yellenâ€™s speech was probably that â€œeconomic readings are mixed and it is appropriate to proceed cautiously.â€
At the risk of annoying my media colleagues, it's possible that Australia is the best economy in the world.
I want a stronger US economy, a faster growing local economy and a rising stock market.
The human tragedy that is Brussels was buffeted by what looks like better economic news in both Europe and the US.
Given Malcolm Turnbull has ignored my good economic advice to not go for an early election, there must be compelling political reasons for the decision.
Because weâ€™re at an appropriate time in our economic cycle, my best advice to the PM would be â€œdonâ€™t just stand there - do nothing!â€
Don't play the short-term game.
The Fed has reacted to the marketâ€™s big swings this year but, in backing away from four rate rises, they have foiled those who were predicting a US recession.
Our job at Switzer is always to give insights, even when they are contrarian. This gives our followers the best chance to build their wealth.
Itâ€™s crazy but so many of us are so â€˜busyâ€™ that we ignore the basic things that could make us richer in the long run, let alone the short run!
I know weâ€™ll be stuck with our ragtag lot called the Senate crossbench but Iâ€™m prepared to risk it for economic growth.
Once tagged Super Mario, the ECB boss, could end up being Stupid Mario, following a string of disappointing decisions when there were high expectations that something was coming.
In many ways, the problems with our bankers is partly created by our unwillingness to hold banks accountable when they behave badly.
From my point of view an early budget and an election looks like good politics but questionable economics.
I think if we ignore women in business and with our investments, we do so at our peril.
Sure, the Abbott â€˜slap and tickleâ€™ is magnetically newsworthy, however, such trivial matters wonâ€™t make us smarter or more successful!
When it all went pear-shaped on the stock market earlier this year I simply explained that good news was being trumped by the expectation of bad news.
Australiaâ€™s economy is a world-beater! And to steal a line or two from Paul Keating - these were a beautiful set of numbers.
Economic and market data has been mainly good news and the stock market has gone up - thatâ€™s not crazy, in fact itâ€™s logical.
Weâ€™re in crazy times but I believe the best outcome from this week needs to be one that says China isnâ€™t as bad as the market has been thinking.
The PM has to get the big things right. If he keeps playing Malcolm-in-the-middle to the next election, then he could get beaten.
In case youâ€™re worried about big fears out there such as a China slowdown, let me try to de-fear a lot of these frightening possibilities.
Tepperâ€™s proposition is that a housing crisis is coming that will rattle our banks. Believe it or not, he is not the first to call a housing bubble in Australia.
Donâ€™t be afraid to buy quality companies when they are cheaper.
Could the crazy market turn around on a dime and be crazy in the opposite direction? In a word â€” yes!
Better policy ideas will be welcomed but I think we can afford to wait until the May budget for the Government's economic game plan.
I quite like the idea of a mythical or unicorn rally thatâ€™s here on hope but ultimately is not real!
Given the precarious stock market, Morrisonâ€™s lack of a tax plan is a good strategy for now.
Laborâ€™s negative gearing proposal could extend to shares and other investments.
The biggest problem is not that central banks havenâ€™t got any firepower, itâ€™s that the European and Japanese central bankers were too slow to act.
The real economy outlook is looking OK to pretty good but if the media runs a different story, jobs, profits and wealth could be destroyed.
Have faith in stocks in the long run and donâ€™t be too sidetracked by the falling stock markets and negative press.
I think the market is wrong betting on an upcoming recession and so does Janet Yellen.
The best people to allay market fears should be the central bankers.
This is the rare time where Iâ€™d argue that good politics is good economics.
This perceived craziness is more a short-term thing and it creates profit-making opportunities for the long-term investor.
Paul Keating largely should be ignored as an objective commentator when it comes to party partisan politics.
Here we go again with a fall in the price of oil and Wall Street has succumbed to the move.
Our economy isn't "going down" and influentials like Andrew Bolt need to tell the real story for the sake of the Australian economy and the people he talks to each day.
This is a crucial week and Iâ€™m praying for another five days where good news takes centre stage.
The best advice Sir Bob was ever given could be a lesson for all us - in business, relationships and life.
The S&P 500 index has shown a close correlation with the falling oil price, so a rising price should reduce the gravitational pull we've seen since the start of this year.
Rethinking a very negative view can result in strange market reactions, so I hope thatâ€™s what weâ€™re seeing right now.
The US stock market was up, so is someone having a laugh at our expense?
Mismanagement by central banks and governments remains a risk but all the economists I respect both here and abroad arenâ€™t seriously tipping a recession.
There are some important lessons in this film that everyone can benefit from.
Enter the Samurai â€” with the European Central Bankâ€™s hero, Mario Draghi, coming in like the noble protector of everything good in an economy.
The key to investing is to have a good investment strategy and then you have to stay the course.
Stock markets have been selling off, largely on the Chinese economy going to hell in a hand basket, but the country's growth numbers were only a tad below expectations.
Thereâ€™s a lot of speculation in the bad list of economic data that could change in the not-too-distant future.
China was behind this new spate of stock market sell-offs and it could rub the bad news in today and tomorrow or make up for Fridayâ€™s effort.
Yesterdayâ€™s employment figures show that the nincompoops who were tipping a recession were way off.
Itâ€™s funny that weâ€™re focusing on Chinese manufacturing data and how its reduction has hurt iron ore prices, however, tourist numbers out of China to Australia breached one million.
Iâ€™m not a seller but I will be a big buyer if stocks drop further. But if youâ€™re someone who canâ€™t take a big fall in stocks, then you should think about cashing up.
To be quite frank, I think the sell off is excessive but a market is what it is and right now the sellers are trumping the buyers.
Itâ€™s time for good government and an improving economy. Thatâ€™s what will ensure Malcolm and his team are re-elected.
We still have to work through issues such as energy prices but, at this stage, it looks like the smart investors in the market are having sway over the smarty speculators.
Some of the smartest economic minds in the US think that the US economy is ready to go off life support. That very thing should set us up for a better year for stocks in 2016.
In case you think Iâ€™m the only bull on the planet, let me share with you the thoughts of Mike Oâ€™Brien, co-head of solutions at J.P. Morgan Asset Management.
Personally, I think weâ€™re now in buying opportunity territory again. This year's 200-point plus slide has been a signal that a money-making situation has developed.
One of the craziest suggestions Iâ€™ve heard came from someone who should know better, namely Tim Toohey, the chief economist of Goldman Sachs. Toohey has recommended that the Prime Minister opt for an early election!
The critics of the recent job numbers are sour grape merchants and the economy and stock market will eventually prove me right.
So how do I want to bet on oil? Fair dinkum, the experts are split. For everyone who has a strong case for oil going to $US20 a barrel, there are those who are saying it will double to over $US70!
Iâ€™m sorry but I canâ€™t join the pity party around sliding stock prices now because I know this is only temporary.
I applaud any government prepared to inspire and breed lateral thinkers, risk-takers, employers and GDP growers!
We still have a way to go before I am confident that the global economy is out of the woods but this weekendâ€™s economic data has added more to my positivity.
I really want the rally to be extended and better investment as well as growth will be the best ways to ensure it all happens.
To those in the media who want to play down the very good economic growth numbers, let me give you a â€˜play upâ€™ take on what has happened this week on the economy.
ScoMo must play with the force of Messrs Keating and Costello, who had their enemies and dissenters but, in the fullness of time, have been seen as very effective Treasurers.
Locally, we were delivered economic results that imply happiness for lots of Australians, which made me happy.
Iâ€™m currently in Abu Dhabi but Iâ€™ll be watching economic data. I hope I get some sizzling Santa statistics to write home to you about.
What I love and hate about the internet is that it has made everyone a commentator!
The bottom line is that highly successful people recognise what will stop them from succeeding and they then do something about it.
The Turks shoot down a Russian jet fighter, oil spikes on this new potentially-scary Middle East curve ball but ahead of the closing bell on Wall Street, the Dow is up!
Just as we are putting our money on China helping us to create a dining boom to replace the petering out mining boom, we could be losing our â€œfresh food peopleâ€ to the Yanks!
I think the new PM will tread carefully with super. However, if super becomes less lucrative, property will become more attractive.
Despite all of this negative stuff, super has done OK. You only need to look at the latest numbers.
Australians don't want to get rich â€” just look at what they read and watch. It's garbage!
You all know I carry the can for "positivity" but I wouldnâ€™t if I believed the economists who have been pedalling stories about the economy that even hinted at recession, which some poor Aussies have read and believed.
We simply need the economic data to keep delivering the positive story that has shown up lately, which has been virtually unheralded in the media, and then Santa Claus could easily come to town for Aussie stocks.
My stock market crystal ball suggests that our market will slide today and again on Tuesday, but history shows us that Middle East geo-political events are not sustaining for negativity.
One day, I hope I can say I was wrong and RBA boss Glenn Stevens was right but I need a few months of economic watching.
Our cousins across the ditch have something worth admiring and itâ€™s not because they live with a 15% GST on virtually everything and donâ€™t whinge about it as being akin to killing orphan babies at birth like we do here!
I know the news headlines have focused on the recent falls in the stock market, however, I've been treating these dips in stocks as a buying opportunity.
This week, the â€˜Turnbull turn onâ€™ effect - as I call it - will be tested, which started yesterday with a nice pass, as job ads rose for the third month in a row to a threeâ€“year high.
One of the great aspects of the internet has been that it allows anyone to be a commentator.
A GST is not an easy thing to sell while winning friends and influencing people. Here are 8 things you should know.
The new internet-created social media age has great attributes but it has some shockers and it doesnâ€™t look like governments are doing enough to sort out the problems.
With the Reserve Bank having decided to leave rates on hold, after months of being a total supporter of the RBAâ€™s efforts, I have to say: â€œNot happy Glenn, not happy!â€
On a day when the country is looking for a winner to deliver a nice dividend, the best result might come at 2:30 pm and not 3pm!
Before the big race at 3pm tomorrow, the Reserve Bank has to take a punt on the cash rate of interest.
The last week of October 2015 could go down in Australian corporate history, when a female became arguably this country's greatest CEO.
The post-Fed statement positivity for Wall Street lasted one day, with the market not sure if it should cheer the central bankâ€™s apparent lack of negativity or be worried about the first rate rise since 2007.
It has been a morning of surprises on Wall Street, with the Fedâ€™s interest rate meeting leaving pretty strong hints that it might raise interest rates at its December meeting.
Here's a whole pile of good things that are going on in the economy right now that your favourite media outlet might have overlooked telling you about.
Wall Street was neither too negative nor too positive overnight and thereâ€™s a gradual feeling that maybe, just maybe, the US stock market correction wonâ€™t turn into a bear market, where stocks fall 20% plus.
If anyone wants to tell me that central banks are ruining the world (or something equally catastrophic), I say â€œcrap!â€ Here's why.
Letâ€™s try to work out why stocks headed higher because it looks like weâ€™re still in this crazy post-GFC investing world where bad news is good news!
My memory of Joe will always be of a great bloke and a great politician but he has shown us all that it is another step up from a great politician and even Minister to being a brilliant Treasurer.
My panel of three wise men on last night's Switzer show gave a pretty downbeat outlook for the economy, but myself, Charlie Aitken and the RBA are more bullish.
If you want more wealth, you must pay the price of time by making yourself a great D.I.Y adviser, or you should pay someone who can give you the insights to make and save money.
Sydneyâ€™s auction clearance rates have slumped and Westpac is copping the blame - but is it all the bankâ€™s fault?
After a few years of not much of it, the tide has finally turned for the member for Wentworth.
I'm picking up good vibrations. He's giving me excitations.
Men are always confident - surprise, surprise - so the key test is whether female consumer confidence is starting to pick up.
There they go again, the doomsayers are on their soapbox and the media is eagerly taking notes.
It's a big data week this week but lets hope US inflation ticks higher.
Could it be truly possible that weâ€™ve seen the last of market volatility and down days?
Commonsense needs to be the starting point for a grown-up discussion about penalty rates and taxes.
We need a lower dollar and/or a more aggressive, ruder Glenn Stevens!
Some positive data out yesterday adds to the evidence that we might finally be turning a corner.
Yes Iâ€™m serious! It's time to pour ourselves a cup of ambition!
Right now, the reasons for optimism are thin on the ground, so you need to put on your market emotional seatbelt for the next month or two.
The bloodbath yesterday was essentially a man-made Armageddon. Thankfully markets aren't always that stupid.
Now is not the time to be implementing big structural reforms, we need to get confidence going first!
Fed chair Janet Yellen delivered a much better message for markets in a speech last week.
A sea of negativity makes even the most rusted-on bulls reconsider their optimism.
Our new Treasurer Scott Morrison is out talking the talk, and that's exactly what we need right now.
It was a happy honeymoon for the PM, with the biggest weekly jump in consumer confidence in seven years, but is it enough for a strong marriage?
It's hard to believe it after a day like yesterday, but the sun also rises over the share market.
Kelly Oâ€™Dwyer is extremely capable, but she needs to be as evangelical about small business as Bruce Billson was.
The Fed left rates on hold. Does that mean we won't see our traditional end-of-year rally in Australia?
Financial advice may seem expensive, but the price of not getting it could be so much more.
A boost from Wall Street, which is still in two minds about what the Fed is about to do, will be good for our market today.
Our new Prime Minister needs to work on restoring faith in the economy, so we can get things going again.
The PM has had serious trouble selling his message.
Be wary of those seeking the attention-grabbing headline. The world isn't ending...yet.
Next week's Fed meeting is a big factor behind the US volatility.
Market improvement may not happen overnight....but it will happen!
It's time for some good news on China - things may not be as bad as they seem.
I'm not the only one that wishes our economists and journalists would start thinking a little more positively!
Will the US raise rates or won't they? It all depends on data like the jobs report out tonight.
GDP numbers were soft but that brought the dollar under 70 US cents, which will eventually be good for the economy.
It's time to remember one of Warren Buffett's most famous sayings: "Be fearful when others are greedy and greedy when others are fearful".
With just four months left of the year, some good planning now, could mean a very Happy New Year.
Do some ministers in the Abbott Government really think itâ€™s time to sack a guy when heâ€™s on a roll?
Good news is bad news is good news is good news?
It was a hairy last hour on Wall Street as the Dow Jones could have done exactly what it did yesterday - but ended with its best four-year rise instead!
It looks like we're in for a period of volatility after Wall Street failed to follow our example last night.
Frankly I don't believe that the China slowdown is going to be so profound that a crash is coming and I just canâ€™t see Armageddon around the corner.
Tighten your seat belt, it's going to be another rough ride today. But don't forget there's always opportunity in volatility.
When markets look grim it pays to remember the success stories â€“ like that of a group of cotton farmers from the Murrumbidgee.
It's time to back a long shot and hope the upbeat view is right.
The simple story is that weâ€™re making money slowly. And if you have to wait until January, then why should you care? Where are you going anyway?
There is actually some good news on the economy out there, we just have to start paying attention to it!
Are our politicians finally showing some signs of real leadership? Let's hope so!
How much do you get paid? Compare your wage to the average.
Let's remember the 17% interest rates the baby boomers had to put up with and how no one lamented how tough it was when they were young.
And now for something completely different! The currency devaluation in the yuan has knocked markets off their perch, but maybe it's not all bad.
Another dip in stocks is probably on the cards as the Fed raises rates, but if confidence keeps improving things should be looking up after that.
Where is the real leadership from our politicians? Both parties are facing a crisis of confidence with their chosen chiefs.
The unemployment rate went up, but so did the participation rate and that shows some signs of optimism.
You will never really know a man until you stand in his shoes and walk around in them.
We've had some good economic news recently, so let me list them in case your favourite media outlet failed to let you know whatâ€™s actually going on.
The computer says no to investors, while owner-occupiers are set to pocket great deals. Why doesnâ€™t a Federal politician start to champion the reduction in taxes on property?
Confidence for both consumers and business has been on the rise and if August adds to the positivity, it could be the start of a nice finish to the year for both the economy and stocks.
After all the problems in Greece, there was a silver lining for stocks in July.
The wage and super gap is still there - and it's still not fair - but there are some things women can do to boost their balances.
Australia handled China's big one day slump in its stride and the US has managed to shake it off too.
Just when we thought the Greek bogeyman had disappeared, China has stepped straight into the role.
Labor has just played out its policy search in public, but where was the debate about how to get economic growth going again?
A lot of hedge fund rock stars in the US have tried to get the market on side to believe that itâ€™s â€œall over red roverâ€ for the Chinese growth story.
With this scary headline, it makes those with a house glad that they bit the bullet. But should you rush in if youâ€™ve missed the boat?
Our current crop of politicians seem to care more about being in power and thatâ€™s the problem.
An increase in the GST is just what we need to boost revenue, and it's time to give negative gearing a break too.
It's time to pray for the positives as the US gets into the full swing of reporting season and Europe announces some key economic data.
You can't have too much of a good thing, or can you?
The IMF might have thrown a spanner in the works but the Greek Parliament has thankfully passed the deal.
Good news on Greece, Iran, China, the US and Australia equals stocks up!
It took 17 long hours but an agreement has been reached. Lets just cross our fingers that the Greek parliament goes with it.
It's the eleventh hour in Greece...again. This time the Greek Parliament needs to approve new austerity measures...again.
You've gotta ask yourself one question: "Do I feel lucky?" Well, do ya, punk?
Just when we needed some more positivity, the US goes and has a trading glitch. Say what?!
So Europe is still nervous about the latest lack of developments in Greece but the Dow Jones was up over 90 points! Go USA!
How bad will Greece get? And what does it all mean? Well the US reaction is key and it doesn't seem too bothered yet.
The 'Nos' are in the majority. Can PM Alexis Tsipras really go back to creditors now and ask for more?
Is the world really going to hell in a handbasket? Not quite yet.
What kind of game is Greek Prime Minister Alex Tsipras playing now? And does it really matter anyway?
Could an independent Greece really be in the best interests of all? We could be about to find out.
Judging from the reaction yesterday, we're in for a bit of short-term pain. Hopefully things will settle down after the referendum on the weekend, but that's not guaranteed.
So it's come to this. Queues at ATMs as the country prepares for a closure of the banks this week.