John Cameron's personal blog

Serious discussion about your financial position now - and in the future.

3 Things To Look Out For In 2017

1. Changing Times

For several years, we have been in an environment of ever falling interest rates, as Governments have relied on monetary policy to fix the damage wreaked by the GFC.

However, while this has arguably prevented some really horrible things from happening (such as a world-wide depression), it has not succeeded in making good things happen. Now many are looking to more Government spending to boost economic growth. In this context president-elect Donald Trump spoke on election night of modernising America’s often old and creaking infrastructure and making it the world’s best. Depending on the scale, this would indeed be a game changer. If successful, it could also draw other countries down this path, as well as lead to rising (instead of falling) interest rates.

...
Continue reading
519 Hits

The Sad State Of Communication In The Financial World. A Tale Of Tribes, Jargon And Gobbledygook.

In certain parts of the financial world, we are meant to provide advice that is “clear, concise and unambiguous”.

This is a very worthy goal. A quick glance at some stock exchange announcements shows that “clear, concise and unambiguous” is often missing in action.

Announcements are often couched in terms that are unintelligible to ordinary people. It is as if they have been framed so that only members of the “financial tribe”, who are schooled in that tribe’s mind numbing jargon can hope to understand.

...
Continue reading
431 Hits

Beware The Noise Of The Media – Mass, Social And Other

Two major global events this year have defied the expectations of the media, be it mass media, social media, or any other media.

I refer to Brexit, and Donald Trump’s win in the US elections. If you followed the build up to both events, you would have thought that there was no way either of these events could turn out the way they did – let alone both.  

Furthermore, the chatter beforehand held that either event would lead to the collapse of the stockmarket, and the economy going down the toilet. 

...
Continue reading
490 Hits

What Will 2017 Bring? Are We At A Tipping Point?

(Will Governments start spending more to boost growth?)

Over the last few months there has been a notable shift in the narrative around economic policy.

Since the GFC, the main tool of policymakers has been monetary policy (think record low interest rates). 

...
Continue reading
490 Hits

Amended Super Amendments Pass

Miracle of Miracles, Wonder of Wonders -  the much debated, and heavily criticised (by some) changes to the superannuation system have passed Parliament and are set to become law. The original changes (amendments) were announced in the May budget. As a result of heavy criticism, the original amendments have been amended sufficiently to pass through the Parliament.

Passage through Parliament at this time indicates a degree of cooperation between the various political parties. It was starting to look like they may not pass until the March sitting of Parliament, and this would have put their implementation date under pressure, as the changes are due to start on 1st July, 2017.

Now the work begins of looking closely at the details. On first glance, it looks like the effects of the changes will vary greatly between different individuals. Some people will see no change at all. For others, the changes will be substantial. More to come.

...
Continue reading
477 Hits