Australia – A Coming Financial Crisis?
Alex Saunders from Nugget’s News published a video documentary delving into the systemic changes that have taken place in recent years in Australia’s economy, which might now put us at risk of an economic slowdown. This video interviews Roger on the economy.
Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
martin-spicer-33
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The Bill Shorten leftist Government will give Australia its first recession in 27years.Its high taxing redistribution policy will sent the flight of capital overseas .Reducing taxes and regulations is the only way forward to generate GDP growth .I am very bearish on the Aussie dollar for all reasons mentioned in presentation.Socialism has succeeded nowhere !
andrew ronan
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Martin North is one of the few property commentators that I have a great deal of respect for, his logical intelligent and informed deliveries are a breath of fresh air, amongst all the nonsense peddled by the MSM and the RBA etc, why can’t we have blokes like him at the helm and not the bubble headed Keynesians we have.
andrew ronan
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Thanks for the edit guys, Martin North is way more than just a property market commentator, and if you watch some of his videos on Utube where he gives commentary on many things in finance and is very critical of the RBA, APRA, the government in general, the property market is just a big issue ATM and its only just getting started.
He has been predicting this for years, as has Roger Montgomery.
Roger Montgomery
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Thanks Andrew, Until we review a site, we have to be careful about where we redirect. Apologies.
Robert Warren
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All so true still lots of greed out there bring on more fear unfortunately it’s the little guys that mainly get burnt as always great listening
MICHAEL BARRETT
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A great presentation Alex. As in life, you can’t understand where you are, unless you look over your shoulder to see where you have been. Moving forward from here, I have a weird feeling that this presentation will form the bare bones of a 3 part documentary in 2021 on “The Australian economy – how did we get to this?”
Chris
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Well, Mr Buffett has said that there will be “A major catastrophe that will dwarf hurricanes Katrina and Michael will occur — perhaps tomorrow, perhaps many decades from now”, so perhaps that’s it ?
https://www.adelaidenow.com.au/business/markets/billionaire-fears-the-big-one/news-story/ba411cceb22d2bbbf227cdaa671293c3
But it’s all very well and good to say “maybe tomorrow, maybe decades from now” because I could say the same thing about anything for any forecasted event and it still not come true. I still remember during the 80s that we lived with the constant spectre of a potential nuclear war between the US and Russia; that (thankfully) didn’t eventuate.
anthony scelzi
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It’s a case of Deja Vu …The Aussie dollar will drop cause the economy is cactus and Asian buyers will once again be allowed to buy into the Aussie property market . At the end of the day there are 1.2 billion Asians wanting to buy into a country with only 25 million occupants.