Michael Daley is no racist, no orator either

“And I don’t want to sound xenophobic. It’s not a xenophobic thing. It’s an economic question.”How to appeal to prejudiceOne of the tricks of politics is to appeal to prejudices without altering those being demonised.Daley is no racist. He is no orator either. He was bluntly articulating one of the great preoccupations of the NSW… [...]

Westpac exit from financial advice concedes reality

Unlike its peers, Westpac is still intent on continuing in wealth management, including the expansion of its Panorama wealth administration platform and a focus on offering its breadth of services to customers in insurance, superannuation and private wealth. CEO Brian Hartzer actually calls it “doubling down”.However, financial advisers steering clients towards such products and services… [...]

Geoff Wilson is now ‘only a little bit bearish’ on equities

“[It’s] that old saying: you can’t fight the Fed,” he said.The US Federal Reserve, under chairman Jerome Powell, has paused interest-rate hikes.¬†Andrew HarrerThe veteran fund manager said investors needed now to attend to the risk of profit downgrades for individual companies, rather than averting a broad-based downturn.WAM portfolio manager Matthew Haupt outlined the macro-economic conditions… [...]