Posted in Economic

What do you know about bitcoin? Dean has a few tips to help you understand: Bitcoin is similar to a currency (cash) and is used to pay for goods and services, usually Internet purchases; The difference is bitcoin is not regulated by any government and therefore governments don't control the supply; There is massive speculation that bitcoin will replace cash for purchases (specifically on the Internet) and this is fuelling the price; Bitcoin ...

A recent RP Data report has confirmed some of the highest residential property gains since 2007 (the year before the GFC). Following are some interesting highlights of the report: Brisbane city property increased 1.30% during the quarter - 5.40% for the year Brisbane city has an average house price of $445,000 Brisbane city's rental income return 4.50% for houses, and 5.40% for units Best performing capital city was Melbourne with +6.40% (but it'...

The European Central Bank (ECB) recently annouced it was offering negarive interest rates - what does that mean, and why should you care? Here's a simple explanation for you (try not to fall asleep): Banks generally have to deposit some of their money with a central bank (to make sure they have enough cash if their own depositers want their money back) Banks may also deposit money with a central bank, as it's considered a 'safe' investment When ...

How the economy actually works is not an exact science, because an economy is made up of people....and people can be unpredictable and emotional creatures, at times, so we can do things that don't make sense. But if you want a broad-brush view of how the economy is supposed to work, go to to this YouTube site of Ray Dalio's, and spend 30 minutes. Ray has provided one of the best explanations of how an economy basically works, so it's worth the time. Here's the link:...