Sweden is quickly moving towards a cashless economy. According to their central bank cash payments are now less than 2 percent of GDP and less than 15 percent of retail transactions. Phil Dobbie asks Prof Steve Keen whether we could eventually go cashless? He’s very sceptical. His fear is that the people who would control the monetary system probably wouldn’t understand how money works. And what if the IT systems fail?
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The battle for mobile dominance
Will Google and Apple dominate the mobile phone space from now on, or can Microsoft muscle in? And what about handset manufacturers?
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Kaplan’s hawkish wings are clipped
One of the FOMC’s more hawkish members is suggested tapering could take longer. NAB’s Ray Attrill says that the prospect of the Fed continuing to provide $120 billion a month for longer wasn’t lost on the equity markets.
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The Waiting Games: trade, Brexit and Syria
All eyes on US China trade talks and the Brexit deal. Tapas Strickland talks about a market hiatus as we wait for answers (or not).
