Let’s face it – Australia is a debt junkie. Australia has zero chance of growing the economy (ie increasing GDP) without borrowing every dollar of the increase to do it. In fact, since March 2000, it has taken an average of $2 increase in borrowing for every $1 increase in Gross Domestic Product (GDP). The
Read More
The online sports wagering industry is set to be shaken up once again, with the proposed merger of online bookmaker operators The Stars Group and Flutter Entertainment. With the Groups operating BetEasy and SportsBet respectively, merging two of Australia’s largest online bookmakers will have significant industry ramifications, with punters set to be the biggest winners
Read More
Australians are inherently familiar with shade cloth: the technical fabric covers our playgrounds, carparks, and other public spaces; increasingly it is also covering our balconies, patios, and private residential spaces as well. Shade cloth also enjoys popularity in parts of the Middle East, where the intensity of the sun makes direct exposure unpleasant. Despite the
Read More
Sometimes a great small stock goes a bit unnoticed from the investment community. It might be because they don’t have the analyst coverage, or perhaps because the nature of the business is relatively boring. Whatever the reason, it doesn’t mean that the business is a bad investment. Quite the contrary, the lack of interest can
Read More
Last week the Treasurer, Josh Frydenberg, revealed that the 2018 – 19 budget showed a deficit of only $690m. The Treasurer said: “Our strong fiscal management has put the budget on a sustainable trajectory, ensuring that we can guarantee the essential services that Australians need and deserve”. The Government frames a balanced budget as basically
Read More
There was a bit of a storm kicked up in the investment community recently when Michael Burry, an investor profiled in the Michael Lewis book (and subsequent film) The Big Short. Mr. Burry was famous for his bets on the American sub-prime mortgage market in anticipation of the Global Financial crisis. This time he made another
Read More
