Russia, China and Iran: Circumventing Sanctions, Trade Wars, US Dollar and Blockchain
April 12, 2018
With the world seemingly on the path to another ‘cold war’ it is important to highlight some actions that are not receiving any real level of media coverage. These steps will in the long term impact on the US dollar and possibly hasten the adoption of Blockchain technology.
Debt and Business Cycles - What this means for Government Budgets?
February 06, 2018
There are business (asset) cycles and these normally last a few years. Historical central bank behaviour is to address these through monetary policy (interest rates increases); however given sluggish growth and low global interest rates this is not on the cards for the foreseeable future. Overlaying asset cycles are debt cycles and these can last 20-50 years.
The Wealth Effect
October 27, 2016
This article was published in the Australian Broker magazine on 28 October 2016.
Over the last few years central banks and governments’ monetary and fiscal policies have been directed at stimulating economic growth. But despite policies of low or negative interest rates and fiscal stimulus, global economic growth has remained subdued. Consumers have not responded in the manner that policy makers predicted.
Greatest Wealth Transfer in History
September 18, 2016
Over the last few years central bankers and governments monetary and fiscal policies have been directed at stimulating economic growth through consumer spending. Despite policies of low or negative interest rates and fiscal (Government spending) stimulus global economic growth has remained subdued, because consumers are borrowing, not spending
Our Economy: The Twenty Five Year Re-structure
July 06, 2016
The following article was published in the Australian Broker Magazine on 5 April 2015 and its relevance continues.
I’m often asked about the economy and what is happening. My simple answer is: “Australia is going through a 25 year re-structure that is being forced upon us by the global economic system”. Unfortunately, I do not believe that the so called economic experts that dominate the media, with their use of the latest economic indicators are explaining what is happening. ...
Globalisation is increasing the trend to Nationalism
June 25, 2016
The exit of Great Britain from the European Union reflects a nationalistic trend occurring round the globe resulting from globalisation. Arguably, the rise of Donald Trump reflects this trend, as he has accessed the discontent within certain sections of US society while filling the political vacuum in the moderate areas of the Republican Party caused by the rise of the Tea Party.
Inquiry needed but not for bank 'victims'
May 15, 2018
The following post was published on AB+F (Australian Banking and Finance)
This debate has generally focused on the 'victims' of the banks, and their need for redress. I do not support a Royal Commission for that reason. However, a Royal Commission is needed to consider the following macro-economic issues:
Busting the blockchain hype
May 11, 2016
The following post was published by Tony Boyd in the Financial Review on May 11, 2016.
This month is shaping up as a turning point for start-ups in the US because May 16 marks the beginning of a new law to encourage crowd-sourced equity funding under a law called the Jumpstart Our Business Startups Act (JOBS Act).
Energy companies to provide the impetus for Australian corporate bond market
April 07, 2016
The lack of depth in the domestic corporate bond market has been the subject of much discussion and research. Different studies have advocated a range of steps aimed at creating the right business and taxation environment for a liquid corporate bond market. Ironically, it may be the regulatory activities of the Australian Energy Regulator (AER) and Economic Regulation Authority of Western Australia (ERAWA) that provide ...
Australia's Egalitarian Society: Is it Disappearing?
December 08, 2015
The following post was published in the December 2015 issue of Australian Broker.
I have been very lucky. My parents gave me a good education and I was able to attend university after which I took the obligatory gap year travelling around Europe and the USA, before returning home to start my working life. I treasure these experiences and seeing the world at a relatively young age helped shape my perspective on life ...