Australia’s interest rates will stay low until ‘at least 2024’
03/11/2021 9:57 AMReserve bank governor Philip Lowe says there is no prospect of a rapid bounce-back in wages growth. The governor of Australia’s central bank is continuing to emphasise that the record low interest rates fuelling a surge in property prices will be part of the landscape...
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What You Need To Know About Bitcoin NOW
03/11/2021 8:30 AMBloomberg Wealth: There comes a point in nearly every financial conversation these days when someone drops the “B” word. Bitcoin, that is. Maybe it’s pandemic boredom. Maybe it’s the fact that every billionaire out there wants us to know whether they hate it or love...
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Roblox jumps to $38 billion market cap as public investors get their first crack at the popular kids game app
03/11/2021 8:05 AMRoblox, the kids gaming app that surged in popularity during the pandemic, soared in its market debut on the New York Stock Exchange on Wednesday. The company’s stock closed at $69.50 apiece, giving the company a market cap of $38.26 billion. Roblox went public...
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Levy: COVID 19 – The Biggest Business Story of the Year
03/11/2021 7:29 AMIf the Feds ran the government like a business, particularly in the case of the vaccination program they would have been bankrupt many months...
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Schachter’s Eye on Energy – March 10th
03/10/2021 10:41 AMEach week Josef Schachter will give you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 27 energy and energy service companies with...
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Trader Buys $36 Million of Copper and Gets Painted Rocks Instead
03/10/2021 10:09 AMCommodities trader Mercuria Energy Group Ltd. struck a deal last summer to buy $36 million of copper from a Turkish supplier. But when the cargoes started arriving in China, all it found were containers full of painted rocks. The saga unfolds like a gangland...
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SEC Issues Investor Alert About Celebrity SPACs After Bruising Selloff
03/10/2021 9:50 AMWhen we look back at the COVID-19 era, there's little doubt that the SPAC boom that dominated financial headlines last year will be remembered as a shining example of what happens when the Fed steps up to monetize trillions of dollars in federal government stimulus,...
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Up Until Now It’s Been All China: Now It’s Going To Be All The US
03/10/2021 9:36 AMShut Up 'n Play Yer Guitar Last week I was sent a video clip of hard rock legend and former Deep Purple and Rainbow guitarist Ritchie Blackmore giving an interview with the ‘cool cats’ of Russia Today. Resplendently syrup-ed, his monologue to a politely nodding...
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Its not what you know.. Its what the market believes that matters
03/10/2021 7:28 AM“Love is like socks – you got to have two and they have to match.” This morning: It’s not what you know about value – it’s what the market believes that matters when it comes to price. Will Call My Agent win the streaming wars? And will widespread adoption fuel a...
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How Much Money Can Central Banks Print Before It’s a Big Problem
03/10/2021 7:07 AMThis is really worth knowing. It comes down to one factor - and it's not how much money they...
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