Global Macro / Markets / Investing: One astounding chart shows how the death of the union has made economic inequality worse – Business Insider The 5 biggest stocks are dwarfing the rest of the stock market at an ‘unprecedented’ level – CNBC The Silicon Valley Economy Is Here. And It’s a Nightmare. – New Republic
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It’s all guns blazing, bulls let loose in China shops – well, except China – as Asian stock markets are buoyed by the overnight lift on Wall Street with record highs and new yearly highs the order of the day. Chinese stocks are still struggling to make gains despite the rest of the region with
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Good job, Chris Joye: As a result of never-ending mis-selling crises created by these conflicts, advisers were banned from accepting selling fees to spruik fund managers’ wares by both sides of parliament in 2012 via the Future of Financial Advice (FOFA) laws. Yet in 2014 the Coalition bizarrely created an exemption from these laws –
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Via Fox: White House officials are scrambling to produce an election year fiscal stimulus plan that is likely to include tax cuts to juice the economy and stock market ahead of the 2020 presidential contest, FOX Business has learned. The stimulus would be a way to have an alternate message to the proposals from nearly
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Chinese growth numbers for December are out and it’s more of the same massive capital misallocation. First up, GDP came in at 6% for the December quarter and 6.1% for the year: December growth internals bounced with industrial production at 6.9%, retail at 8% and fixed asset investment 5.4%: The all important FAI was led
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Via the FT: The German government has struck a deal with the country’s coal-producing regions to phase out the use of coal power by 2038 in return for compensation and benefits worth €40bn. Berlin will also set aside €4.35bn for utilities such as RWE, which will close some of their coal plants early. The deal removes one
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With the percentage of Australians between the ages of 20 to 39 with private health insurance falling from 40% to 34% over the past five years, and older Australians claiming more than ever, Private Healthcare Australia (PHA) has demanded the private health insurance rebate to be restored to 30% once the federal Budget has returned
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Via Sinocism today: The phase one trade deal speculation is over, but the criticism is just beginning. On Monday Taoran Notes, written by someone I hear travels with Liu He during his trade talks with the US, published for the first time in over two months. The post, a defense of the deal clearly targeting
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More trade deal panic today: Australian energy and agricultural exporters face a hit to their multi-billion-dollar Chinese market from the trade deal signed between the US and Beijing that sparked a worldwide share rally and pushed the Australian bourse to a record. …Commonwealth Bank commodity analyst Vivek Dhar predicted up to 10 per cent of
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In last year’s federal budget, the Morrison Government promised to “bust congestion” via a $100 billion infrastructure program over 10 years, alongside a $4 billion Urban Congestion Fund to support projects at a State level to fix pinch points and improve traffic flow. It has been revealed that just three of 114 government-promised road projects
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