What impact will money printing have ? Worth considering when looking at the current state of global economies and strategies to stimulate ‘real growth’
Another global financial crisis may be coming as the pandemic prompts central banks to pump money into economies trib.al/aSjbmTR
One Private Wealth retweeted
The #coronavirus will trigger a long-term increase in working from home. The home must change. Multiple workstations for parents & kids. Broadcast outlet in home office. Convert garage to home gym & groc storage. Replace pretty garden with veggie patch. W/E Australian Mag p28.
One Private Wealth retweeted
After coronavirus, expect to see smaller airlines bit.ly/2WiG4gl
This is concerning on a number of fronts. Consumer spending is a key driver of our economy. If there are less jobs, there is less spending. The true impact of Covid-19 from an economic perspective.
I think it’s worth studying how much available capital Warren Buffet has in the bank. This should give you a great idea of what he sees happening.
In the coronavirus crisis, investors are hoping @WarrenBuffett will reveal what he once described in his annual letter: "Every decade or so, dark clouds will fill the economic skies, and they will briefly rain gold."
bit.ly/2Sq3Ftd
#ausbiz
Who agrees ?
Australia can't afford for the virus to kill globalisation because now more than ever our return to prosperity depends on an open global trading system, writes Madeline King.
bit.ly/2VDqJXk
With unemployment / underemployment rising, how does the economy start to recover? 80% of the economy is impacted by consumer spending. Will be interesting to watch how the market reacts !!!
With so much uncertainty in the economy managing your personal finances is critcal. Who has a monthly budget and reviews their cash flow on a weekly basis ? Businesses do it. Households should do it also.
Maybe a rule that a set % is agreed for all Australians based on their portfolio balance ? While we need to manage the now we also need to keep an eye on the future
Politicians are already being inundated with emails and phone calls from people who want to draw on their share of the nation's $3 trillion superannuation pool to cope with the coronavirus crisis.
bit.ly/2wgklew
Spot on. It’s times like this we need to be fluid and make changes accordingly based on what is happening in the economy.
The great thing about a self-managed superannuation fund is that it’s possible to change absolutely everything, writes Meg Heffron.
bit.ly/2QrLSAI
#ausbiz
Has fear overtaken greed ?
A market panic like we've never seen before. @johnnyshap
bit.ly/39wgkRE
Is it the coronavirus or something like consumer spending, debt levels and wage growth that may have caused the market correction ?
Dow plunges more than 2,000 points, biggest decline since 2008, as coronavirus fuels market turmoil businessinsider.com/stock-ma…
One Private Wealth retweeted
A market panic like we've never seen before. @johnnyshap
bit.ly/39wgkRE
"Someone's sitting in the shade today because someone planted a tree a long time ago" - Warren Buffett
Interesting move today by the RBA. What does this mean about the overall state of the economy ?
At its meeting today, the Board decided to lower the cash rate by 25 basis points to 0.50 per cent - bit.ly/2wmsQVi
October can traditionally be a tough month for share markets. So far, this October is proving to be no different. It is down 5% so far. Is this just another dip or the start of something bigger? #Insights #OPW #sharemarket
One Private Wealth retweeted
The RBA has released the Minutes of the October 2018 Monetary Policy Meeting of the Reserve Bank Board - bit.ly/2AdmCGC














