More Articles by Author "Stephen Anthony"
Australia’s banks are certainly failing to meet their obligations as custodians of the public good to drive growth and to raise community welfare. This is a long term problem. Public confidence in Australia’s banks has been steadily eroding since financial deregulation in 1983 and now the brand of the Big 4 banks, especially CommBank, is at its nadir.
What has gone wrong?
Read more about "Better Banks Drive Productivity & Living Standards"...
There is an old German proverb which says “Den Bock zum Gärtner machen” – don’t let a billy goat loose in the vegetable garden. The 2017-18 Budget - wringing with lost opportunity and weighed down by political opportunism – reminded me of this.
Read more about "High road of reform jettisoned in Budget "...
This briefing presents analysis on the latest ATO Annual report – Self-managed superannuation funds: A statistical overview 2014-2015 and explores the key issues arising from the release.
Read more about "ATO SMSF Annual Briefing 2016"...
The causes of Australia’s current economic malaise can be diagnosed as too little structural reform, not enough patient investment in high quality infrastructure, too much speculation on financial assets and real estate and too much reliance on ongoing monetary stimulus. The economic drift played out dramatically this week, with Tony Abbott unseated as PM and Malcolm Turnbull taking over with a promise of stronger economic leadership. Will it be enough to cure the shallow, short-term thinking that has taken hold and restore investor confidence?
Read more about "Can Stronger Economic Leadership Cure Our Short-Term Thinking? "...