Sensational headlines are becoming commonplace in the financial world. Once the preserve of the gossip rags or mass circulation dailys, it seems that drama has become the daily grist of the financial media. We are in strange times indeed. The reason for this note is to consider just how well Australia is positioned right now,…
Tag Archive for international finance
Another day, another rate rise…
The Reserve Bank Governor, Glenn Stevens, today released a media statement to confirm a 0.25% rate rise to 4.25%. It will be interesting to see if we end up with the hoopla on banks passing on this rate rise in full or part or more as we did with the last one and the Westpac…
Bank Interest Rate Rises
There has been much discussion in media about the Australian banks’ reactions to the Reserve Bank’s increase in the official cash rate to 3.75% on the 2nd December. The broad thrust of comment is that Westpac is being ‘unfair’ in raising their interest rates further than the level of the official rate rise. The other…
Power, Money and Money and Power
As a bemused bystander to the current global financial turmoil (“GFT”, being a close cousin to the more familiar “GFC” or Global Financial Crisis), have you ever paused to consider just what the very big picture may be telling us about the times we live in? Given that this is a very broad musing, it…
