Here at Michael's Musings, a Perth planner will help you sort out the real information in amongst all that noise. Feedback and comment cheerfully received, even if sometimes ignored. To log-in using your Facebook, LinkedIn or other network ID, please click this image.
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This web site is operated by Michael O'Hara, an Authorised Representative of WSP Financial Services Pty Ltd (AFSL 237463), which trades as Wealth & Security Planners.The views expressed within this website are Michael's personal views, and should not be interpreted as necessarily representing the views of WSP Financial Services Pty Ltd.A look at world economics, from the point of view of an investor. The aim of this area is to interpret the continuous barrage of data, sales pitches and propoganda and bring it into a form that is actually useful to investors.
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...
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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...
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Why is the Australian sharemarket down 29% from its 1 November 2007 high point when the United States S&P 500 index is only down 26%? Is the United States economy doing better over that time period than that of Australia? Looked at another way, why is Australia’s market up only 56% from its 10th...
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Australian banks have traditionally offered cash rates of return that are well below the official Reserve Bank of Australia (RBA) ‘cash rate’. This has made it even less attractive for people with savings to keep those savings in a bank account. Even term deposits have struggled to offer much more than the cash rate....
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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...
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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,...
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Sometimes it seems that the Federal Budget could be improved through a strong dose of Taoist thinking. Here is my logic… The budget is supposedly one of those things that involves balance. That is, Government receipts are balanced with Government expenditure. The Budget updates in May are a time where past income/expenses are published and...
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“pidgin strives to be a simple and effective form of communication” and i like simple… With the massive stimulatory efforts of Governments and central banks throughout the world, mainstream media is starting to use once-fantasy-world terms with a flippancy that does little to portray the intensity of what it being done. For example, if...
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