WTF? ‘Old women’ to blame for weak economy?!?

Older women are digging in and staying in the work force longer. That’s not their fault. One of the weird things about the economy right now is that the labour market has been frustratingly soft. Wages growth remains very weak, and unemployment is pushing higher. And apparently it’s all the fault of old women. That’s […]

Truth Bomb Tuesday: The great delusion of freedom

Freedom isn’t what most people think it is… How ‘free’ do you think you are? And how do you know? So, let’s compare you with a donkey. It’s a work donkey (not one of those stupid vanity donkey breeds). It’s pulling a cart of hay. In front of it is a carrot dangling from a […]

Making money in the ‘boom-loop’.

This is a very unusual market. And I just don’t know how this ends… I think Australian property might be in a boom-loop. A boom-loop doesn’t happen all that often, but when it happens, it locks in years of growing house prices. Let me talk you through it. There’s two ingredients you need for a […]

RBA is just throwing fuel on the fire

Another rate cut this week. Almost looks irresponsible. So the RBA cut rates again this week. They followed up cuts in June and July with another one this month, taking rates to an almost comical 0.75% Seriously. 0.75%. It even looks funny on the screen. When I got into the game of property, I never […]

Truth Bomb Tuesday: Is this dangerous idea making you a coward?

I want to talk a bit about the idea of ‘acceptance’. This is one of those faddy, new-agey words. We’re told that to grow as spiritual beings we have to ‘practice acceptance.’ You’re car breaks down on the way to work. You need to practice acceptance. You’re boss is a toxic nut-case… practice acceptance.  You […]

Why almost 50% of Aussies can’t save a thing

This stat is terrifying… but it’s not what you think it is. I read a statistic the other day that was truly frightening: 40% of Australians are living pay cheque to pay cheque. That’s what ME banks Survey of Financial Comfort reckons. Really? Two in five Australians just aren’t saving a thing? They’re spending everything […]

Truth Bomb Tuesdays: You’re not alone on your quest

Wow. I never knew we all made these three mistakes. You know, I said a lot of stupid things in my 20s.  I didn’t know it at the time of course. I thought I was a genius! But with the benefit of hindsight, I was way off-beam. Embarrassingly off-beam sometimes.  But if we’re going to […]

Incompetent or Corrupt? So angry right now…

Government data is painting a suspiciously weird picture… Late on Friday afternoon (after the journalists had knocked off for the weekend..?) APRA, the Australian Prudential Regulator, the body that is charged with the seemingly impossible task of keeping the banks on the straight and narrow, released their monthly credit data. I’m not sure if anyone’s […]