Finance News
Brace yourself for a shock when the Reserve Bank meets next Tuesday. Here’s why: The GDP number announced yesterday was 0.8%, far higher than economists predicted for the March quarter. That, coupled with the soaring cost of living thanks to Vlad The Impaler’s war in Ukraine driving energy and food prices up, and…
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You now have just a few days to vote, and as expected both major parties have pulled a few rabbits out of their hats. But it’s quite staggering that even after all the restrictions and lockdowns, the pollies still haven’t worked out that we don’t like being told what to do. In the COVID…
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We’ve all heard about it, and now we’re all feeling it. Inflation is real, it’s sending our cost of living through the roof, and there’s no relief in sight. After two years of governments throwing money at us throughout the pandemic, we’re now left with no choice but to stand on our own two feet…
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There’s been a lot of talk as we’ve emerged from the pandemic that official interest rates are set to head upwards for the first time in a very long time, and for me, yesterday’s RBA meeting solidified that further. As I’ve said before, I expect there’ll be an increase to official interest rates in…
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Have you felt the pain at the petrol bowser yet? Blame Vladimir Putin. The Russian President’s invasion of Ukraine is already having global impacts. While Ukrainians suffer through the very real fear and danger of missiles raining down on them, the rest of the world has also started wearing the consequences, as the sanctions…
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Investors across the world are quickly coming to terms with the new normal: higher interest rates. Reserve banks in New Zealand, the US and UK have either increased rates already, or said they’re going to do so soon. But not in Australia, where with a federal election looming, the RBA is going to sit on…
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There have been some big guarantees made by politicians just a few days before Christmas. Of course, there is the standard one-liner that there will be no more lockdowns! Then last week the government claimed one million jobs will be created over the next four years, inflation is expected to be steady, and wages should rise…
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As we come to the end of the year, we will all reflect on a number of things we have experienced in 2021, and plan for 2022. But when you reflect on your investments, particularly your superannuation, pension account, or personal investments in shares, I predict you will be more than satisfied. We have…
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