Author: Rajab Karume
In his latest, somewhat controversial, book, Malcolm Lewis notes that, “The world clings to its old mental picture of the stock market,” and he goes on to give three reasons as to why he thinks this is so. The first being comfort, followed by an inability to imagine the replacement and the third reason being […]
What have we learnt from the GFC? From a simplistic view point, is it that the ‘low/no doc’ applicants should never have applied for mortgage loans, knowing that they could not afford them? What about big business? Does the blame lay squarely with the architects and purveyors of the ‘untapped new profits sources’ structured finance […]
One of the most fundamental functions of an advanced financial system, to which Australia belongs, is to provide and facilitate efficiency of trade, the ease with which participants engage in trade activities – that is, ability to make and/or receive payments. One way of delivering efficiency in the systems is by reducing the transaction costs […]
According to the Australian Government Department of Industry, the Australian manufacturing industry contributes over $100 billion to Australian GDP, employs around 950,000 Australians and contributes almost 25% of business expenditure on research and development. Myth Busters, the television series, is one of the very few reasons why the flat screen, in my house, goes from […]
