Venezuela data reveals economic chaos

Inflation hit 130,000 per cent in Venezuela last year, the country’s central bank has said in a rare official acknowledgement that the economy is in meltdown . In a series of spreadsheets published on its website, the bank said that Venezuelan gross domestic product contracted by 22.5 per cent year-on-year in the third quarter of…

Compare the pair: Coalition and Labor super

By Mark Ellem    SMSF Technical Services   24 April 2019  Cuffelinks I love an election, particularly a federal one. It’s the quintessential characteristic of democracy in action (assuming no undue influence from foreign governments). Any election is about comparing opposing parties’ policies. So let’s compare Labor’s proposals to the current super rules, not only as…

‘I’m selling now to beat crash,’ says disillusioned property investor

Allan Smith with his eight-year-old daughter Eva at his investment property in Helensvale.  Paul Harris By Duncan Hughes   21 January 2019   Australian Financial Review Allan Smith, a Queensland corporate accountant, is selling the investment property he bought 10 years ago because he is “tired of losing money” and wants to get out before there is a market…