Rising interest rates, falling stock markets, recession. Not a time for the optimists.
The sanctions against Russia look likely to trigger the destruction of globalisation.
The Australian stock market is no longer as heavily affected by the US stock market.
There is a clash between the 'real' world of commodities and tangible goods, and the 'unreal' world of cross border finance. Is another financial crisis looming?
When inflation surges, it tends to change the emphasis in stock selection.
The ASX has been weakening and the long term bond yield is rising.
It is a troika that has all the money and power: fund managers, corporate managers, managers in government bureaucracies. SMSFs are outside that – they are real capitalism, not managerial capitalism.
The first requirement in investing is to decide on the balance between shares and fixed interest.
If interest rates rise, how will that be affected by inflation?
The SMSF Association has just completed its annual conference in Adelaide. Those participating in the sector do not necessarily see themselves as creating a financial revolution, but they are.
Cryptocurrencies have taken off because they are supposed to be a solution to the problem of money being created by government fiat. Is that really so?
Thinking what is happening is very new can be dangerous. But what if it is true?