European banks are about to start doing the opposite of quantitative easing, so hopefully the markets will do the opposite of what they do during QE and start selling off, providing buying opportunities for the rest of us.
Also this week, Bitcoins explained (sort of). Are they the modern equivalent of the mythical tulip market? And it’s been a bad week for retail, which only looks like getting worse.
Fairfax is about to change hands for the 3rd time in 30 years, but the winning bidder is yet to be decided. Could Jeff Bezos be the new Warren Buffett? Trump’s troubles could be blessings for investors. Europe’s on the comeback as political risk fades and the bank levy could be offset by renegotiated deals with mortgage brokers.
After a week of Budget brekkies Alan Kohler serves up his observations on the nation’s financial plan in his Overview. The plan to allow superannuation to be used for house deposits has captured the spotlight, but there’s been a significant change to negative gearing which has had less focus. Meanwhile, the banks should be okay with the bank tax, but we all know who’s really going to pay. And FBI chief Comey’s departure is an indicator that the US administration is scrambling for control.
The Constant Investor publication and related content is provided for general information purposes only and should not be considered personal advice. Anyone seeking to rely on content should seek their own legal, financial and taxation advice. Kohler & Company Pty Ltd, trading as The Constant Investor, is an AFSL Authorised Representative No. 1244896 of Melbourne Securities Corporation Ltd AFSL 428289.