In 2017, Janet Yellen, the then Chair of the Federal Reserve Bank of America, which is arguably the most prominent and influential financial position to be held by anyone throughout history, boldly stated that “another financial crisis not likely in our lifetime”. In every sense, Yellen must be considered the highest source of authority for a statement…
The retail sector is incredibly important to the Australian Economy. Retail roughly makes up 60% of economic activity with huge flow on effects to other sectors. That’s why when retail struggles, everyone is watching. 2017 Marked a year of a retail slump with poor figures throughout July to October. However, hopes for growth in the…
“The only function of economic forecasting is to make astrology look respectable.” – John Kenneth Galbraith Abstract: The numbers are astronomical. The worldwide debt is beyond comprehension. The great ‘recovery’ post-2008 never happened. The only thing looking good at the moment is the stock market as company buybacks are at record highs due to low-interest rates…
Economic books are written throughout the times of prosperity and generally re-written after a crisis. Venezuela is no exception. For a while Politicians, Actors and Nobel prize-winning Economists alike praised Venezuela’s President Hugo Chavez for his socialist policies, his attention to the poor, his dedication to health care and education. But not anymore. No one is praising…
Housing is a hot topic at the moment as city housing prices skyrocket. While many monotonously drum the bell against negative gearing, the question arises: why are prices skyrocketing to the extent that they are? Population growth, combined with younger families entering or wanting to enter the market, are all natural contributors that can lead to price…