At its meeting today, the Board decided to maintain the current policy settings, including the targets for the cash rate, the yield on 3-year Australian Government bonds, and the parameters for the expanded Term Funding Facility. The global economy is gradually recovering after a severe contraction due to the pandemic. However, the recovery is uneven […]
Category Archives: July
EQUITY MARKETS UPDATE – 26 March 2020 The COVID-19 crisis has caused a massive supply/demand shock to the global economy. We are yet to see the end point, and already, markets are off some 30 – 50% thus far. Outside of the historical and intellectual buzz of witnessing history (some of it 200 hundred years […]
Most would be aware that all stock markets took a serious fall over Monday and Tuesday this week. The majority of analysts have taken this fall as a correction after a couple of very strong months and believe it had to happen. I agree a correction was always in the making but share prices are […]
The short answer is ‘yes’, but only up to a point. People in richer countries are, collectively, happier than people in poor countries. Within countries, people with higher incomes are generally happier than people on low incomes. Surprisingly, once basic living needs are met, the amount of happiness gained from each additional dollar of income […]