Are we already becoming a cashless economy? This is just one of the key questions arising amidst the challenges of the coronavirus pandemic. Things have been forced to change, with Finance and Technology (Fintech) being the key driver. New sectors such as digital payments, neobanks, and cash alternatives have not only thrived during the fallout,
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The age-old notion of Australians betting on anything that crawls has been supported by the behaviour of sports punters during the virus lockdown that has stymied most professional sporting events. Undeterred by the lack of football, tennis and cricket, gamblers have discovered the joy of offshore table tennis tournaments and obscure European second tier soccer
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Figures show that the budget deficit is currently running at $44 billion per annum. As the handouts kicked in, the monthly deficit for April 2020 was $13 billion, with the expectation that there will be similar deficits until September. The Australian Government publishes “Commonwealth Monthly Financial Statements” that allows us to track rolling 12 months budget surplus/deficit
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The U.S. Fed’s unprecedented market interventions was recently on display. If you are trying to work out why there is such a difference between Main Street and Wall Street, the example below may provide some clues. As of 12 May 2020, the U.S. Fed has started to purchase ETFs as part of its emergency program
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One of the Great Unanswered Questions of the coronavirus pandemic is whether improved personal hygiene will become the entrenched norm, or whether mum’s advice about proper hand washing will be discarded like last night’s fetid dish water. The issue is even more topical given millions of workers will be trickling back to their offices, where
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Business Insider published an article in 2013 about the pitfalls of being designated a ‘Sophisticated” Investor, a situation that still applies today. Under the Australian Corporations law, anyone earning $250,000 for two years or holding $2.5m in net assets can be designated a sophisticated investor or wholesale investor and therefore are excluded from the extensive retail client
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