Today I’d like to offer a list of simple strategies that can help Australians improve their financial fitness in 2014.
If done properly, this includes assessing all aspects of personal finances, including strategies to boost retirement investments, such as including property and super, savings, a review of insurance policies, staying ahead of tax obligations and making an effort to improve financial literacy as more and more Australians take more control of planning their financial future. [Read more...]
There has been a lot of reporting about China ‘contracting’ of late, but what does that actually mean?
In terms of the so-called flash PMI reports, a figure of below 50 denotes contraction and a figure of above 50 is expansion.
And last week, the flash PMI figure reported a reading of 49.6 – the first time the gauge has fallen below 50 in 6 months – indicating contraction or ‘shrinking’ factory activity.
But such terms are relative.
The blue bars in the chart below shows the growth rates in China’s industrial production growth figures back to 2008. [Read more...]
We’re only a few weeks into the year and already there are mixed messages on what’s ahead for the Australian economy in 2014.
Funny isn’t it? As soon a s everything seems to be setting us up for a great year, some bad news crops up, like rising unemployment.
Sure there are problems in the economy, but overall we’re finishing the year in much better shape than we started with the latest figures showing the average wealth of Australians rose substantially, in part because of increased property price sand share prices.
Here’s what Savanth Sebastian, Economist at CommSec had to say:
The Sydney Morning Herald reports that Victoria’s economic strengths will sweep it ahead in the next 20 years according to a report by consultancy firm Deloitte forecasts.
Of course Victoria’s strong economy and population growth have been good for our property markets and now the report predicts that six ”super-sectors” will grow faster than the rest of the global economy positioning Victoria to capture the demand from Asia’s middle class for everything from better food to better education and better returns on its savings. [Read more...]