Ross Greenwood gives his take on the economy, business and the world with his typical straight-talking approach. No punches pulled here.
Why financial advice is f*cked ... and needs fixing!
Despite Royal Commissions, rules changes and higher standards for those who give financial advice, fewer people than ever before can afford to get that advice. It's better than dodgy salespeople ... but there must be better ways to give people access to cheaper, impartial advice.
Eat out ... eat often, save a job
Of all the affected industries from Covid 19 travel, tourism & hotels & restaurants are the most affected. The failure rate of cafes, bars & restaurants is already high, but even the industry suggests it could be 25% in the next year. So what are the options for owners and the Govt?
The can-can banks ... facing $30 billion in losses
The banks might like to be seen as can-do organisations, solving peoples' problems. But how will those same banks dance as unemployment and bad debts mount. Plus James Packer's memory ... he wants to forget Crown, but how could he be so forgetful?
Stockmarket buys & sells after the Budget - with Roger Montgomery
The stockmarket takes off after the Federal Budget pumps billions into the economy. Today Roger Montgomery and I discuss where the risks lie ... and what should you buy.
The trillion dollar budget bet - that's $1,000,000,000,000
Treasurer Josh Frydenberg's Budget is the biggest bet in Australia's history. It's a punt on our behaviour; on companies seeing sufficient returns for their investment and, most importantly, a timely corona virus vaccine. None of these - mind you - is a dead cert!
Want to make money? Follow the Government ...
It can easily be argued that Government should not pick winners ... but they can't help themselves. And this week's boost to key areas of manufacturing is a big tip for players wanting to pick winners themselves. With noted infrastructure economist, Henry Ergas, in Paris.