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World Stock Markets Trading Discussion - Delicate diversions


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It might not feel like it to a lot of Australians, but we have just overtaken Switzerland as the wealthiest people in the world.

In its Global Wealth Report 2018, Credit Suisse puts the median adult wealth of Australians at $US191,453 ($264,903).

That means half of Australians are wealthier than that, and half are not.

Credit Suisse says the typical Australian's position is thanks to high average wealth — courtesy of our compulsory superannuation system and high property prices — combined with relatively low wealth inequality.

The report also notes that Australia's reliance on property prices (60 per cent of our assets are "non-financial") is higher than a lot of other places.

Globally, the median wealth per adult is $US4,210 ($5,820).

https://www.abc.net.au/news/2018-11-23/australia-tops-median-wealth-per-adult-list/10518082

 

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All Ords 5-day chart

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http://bigcharts.mar...com/default.asp

 

All Ords did yet another plummet, finishing -0.8%.  Worst-off sectors were Miners -2.9%, Energy/Materials -2.5% and Telecomms -1.2%.

Over in Asia, China -0.1%, Hong Kong +1.7%, Japan +0.8%, India currently +1.1%.

Over-the-top-bliss in UK/Europe: FTSE +1.2%, DAX +1.4% and CAC +1.5%.

 

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  http://bigcharts.mar...com/default.asp

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Just took a walk around my neigbhorhood in this lively little city at dusk. Man at 5PM or 17hr00 as the call it here, it's like a cattle call. The floodgates open and masses of people pour out into the streets. Nice evening. Calm, about 55 degrees, but after walking a few blocks I felt warmer.  Now, back to work!  

Nice thing for me about being here is that I have a 17 hour work day, with  a break in the afternoon.  LOL 

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