Western Australia’s resources boom drove asset values too high, just as the bust is driving asset values too low; but to best understand that point it’s worth taking a trip to Canada, where the sale of a machinery distributor contains an interesting message for Australian investors.
Mathematically it’s impossible, but in about 11 days Australian investors will discover whether one plus one can add up to more than two – because that’s the day the son of BHP Billiton, South32, lists on the ASX.
Reported activity for primarily the first week of May was encouraging with overall sales up 38% for the week to 770, the highest level since late March.
Universities deserve more freedom than they get, especially now as we transition from a mining boom that generated much wealth but left us inefficient.
Can interest rates rise and fall at the same time? They can if you’re looking at different markets, because just as the Reserve Bank of Australia considers a fresh cut in its prime rate to try and boost the local economy, interest rates in other markets are starting to rise.
I’ve been taken for a ride twice in the past month. And while that personal experience might be of little interest to anyone else, it does throw some light on Perth’s Uber versus taxi debate.