A new Oxfam report has highlighted the extent at which inequality continues to grow around the world. According to the advocacy group, just 62 individuals hold as much wealth as the poorest half of the globe.
Shockingly, wealth concentration is well up over the past five years. In 2010, there were 388 individuals that owned more wealth than the poorest half of the world. Today, that figure is down by 85%, suggesting that efforts to bridge the inequality gap are failing.
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China’s credit woes are a huge threat to Australia. China’s bank asset to GDP ratio is around 300%.
The post Trade Links With China Won’t Save Australia This Time appeared first on The Daily Reckoning Australia.
The yield on a 10-year US Treasury note is 2.071%. That means they’re going to have to put their money into stocks and real estate at some point.
The post The Industry Still Booming: Including in China appeared first on The Daily Reckoning Australia.
Listen to the market, not the opinion of vested interests. Specifically, keep an eye on the banks. They have the most to lose if house prices begin to fall.
The post Why Now is the Time to Watch the Banks appeared first on The Daily Reckoning Australia.
Based on maintaining stable retirement savings, Research Affiliates calculates that between 2018 and 2030 the retirement age will need to rise to over 70.
The post Retirement In The Coming Age of Discontent appeared first on The Daily Reckoning Australia.