Fool me not againBY BENJAMIN ONG | MONDAY, 12 NOV 2012 9:25AMSomehow I feel as confident that despite the current bout of palpitations in the financial markets because of the game of chickens again being played in Washington, America will eventually jump over the cliff. |
Editor's Choice
ASIC flags gaps in super fund valuations
ASIC has called for stronger scrutiny of unlisted investments after finding persistent weakness in how some superannuation funds and auditors assess asset valuations, raising concerns about the accuracy of members' retirement balances.
IMF sees inflation above RBA target through 2027
The International Monetary Fund (IMF) has projected Australia's inflation to ease to 3.1% in 2027 from 3.9% this year, leaving it outside the Reserve Bank of Australia's (RBA) target range of 2% to 3%.
Treasury consults shifting tax debts from victims to abusers
Treasury is consulting on extending the powers of the Australian Taxation Office (ATO) to strengthen its response to financial abuse.
Former adviser defies permanent banning orders
Former financial adviser Ezzat Daniel Nesseim has defied ASIC's permanent banning orders and is in the process of being prosecuted.
Further Reading
Products
Expert Feed
When geopolitics becomes a portfolio risk
Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.
Does association membership still matter?
With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...
Digital assets and where they stand in 2026
So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.
Rethinking default design in a changing market environment
The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.
Featured Profile
David Sharpe
CHAIRMAN
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
FINANCIAL ADVICE ASSOCIATION AUSTRALIA
A family man, business owner, cricket fanatic and financial adviser, David Sharpe has many facets. One of his biggest legacies, as he steps down as chair of the Financial Advice Association Australia, is leaving the profession stronger than he found it.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
I still disagree on one aspect - Greece. With their austerity measures in place Greece has zero chance of growing its way out of its mess. It has no currency policies at its disposal like the US has. How does it fix itself? I don't believe it will until it defaults on its debt and gets out of the euro. I agree with your views on the US and China - they are going in the right direction. Europe on the other hand is an awful mess. Even the strong economies such as Germany and France are being pulled down by Greece and co. The sooner they make the hard decisions the better so we can all move on. Until then there is still the euro story to spook equity markets.