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2017 September Quarter Review
Read more: 2017 September Quarter ReviewEconomic Overview Despite continued political uncertainty amid rising tensions with North Korea’s ‘rocket man’ and the ongoing failure of the Trump administration to realise its policy goals, sentiment for the September quarter was largely undimmed. In the US, both economic data and forward-looking activity indicators did slightly deteriorate towards the period end in the wake of hurricanes Harvey and Irma. However, the market and the US Federal Reserve judged any potential impact on growth as transitory and easily overcome. The Federal Open Market Committee confirmed measures to reduce its balance sheet in October, while Federal Reserve chair Janet Yellen added…
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Innovation Spares No One
Read more: Innovation Spares No OneIf you’re an Oasis fan you’ll know who Liam Gallagher is. If not, at one stage Liam and his brother Noel fronted one of the biggest bands on the planet – Oasis. Due to creative differences (regular punch ups), Oasis broke up in 2009 with the brothers going their separate ways. While the pair have still been making music, things haven’t been as lucrative for various reasons. This was recently highlighted in a video clip posted online by the BBC to promote a documentary. While making tea, Mr Gallagher mockingly explained (between swear words) that he used to employ four…
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Deliverance From Bad Insurance
Read more: Deliverance From Bad InsuranceIf you’ve ever seen the classic film Deliverance you’ll know it’s the ultimate insurance advertisement. The character of Lewis, played by Burt Reynolds, begins the film proudly declaring, “I never been insured in my life. I don’t believe in insurance. There’s no risk.” Movie fate ensures the canoeing trip Lewis and his friends take is beset by disaster. Lewis ends the trip with a compound leg fracture. And for those who haven’t seen the film, he’s the lucky one! There’s probably no worse outcome than being uninsured and struck by some kind of misfortune – unless you’re insured and struck…
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How Not to Invest: Episode #43827
Read more: How Not to Invest: Episode #43827From international tennis stars one week to the average mum and dad the next. The ABC’s 7:30 recently featured a story on victims of poor financial advice (investors duped by a noted investment spruiker) who are calling for reforms to protect anyone else from suffering what they’ve endured over the past decade. Despite these investors being found to be eligible for compensation by the Financial Ombudsman Service, most of them haven’t seen a cent because those found to be at fault are either unwilling or unable to pay. Those affected are calling for a fund set up to ensure losses…
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Boom Boom Goes Bust Bust
Read more: Boom Boom Goes Bust BustIf you are old enough, you’ll remember him winning Wimbledon as a 17-year-old. Three decades later you may have heard the news about him going bankrupt as a 49-year-old. The man in question is Boris ‘Boom Boom’ Becker. In the wake of his bankruptcy there have been lifetime earnings figures tossed around from the tens of millions to just over 100 million. While the exact figure remains unclear, it is clear he earned a lot and a lot of that money has now departed. Like Johnny Depp earlier in the year, it seems Becker’s financial decision making isn’t the best.…
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