Australian Investment Education Review

 The current debt ceiling in the US is upwards of $31 trillion – and yet it is nearly being breached. As a result, it will likely be increased by lawmakers in the US so join us this week as we dive into the key things to look out for! What is the Debt Ceiling The debt ceiling in this context is the total amount of compounding debt for the US government. As a country, the US is a big spender and as Andrew points out, like any debt, national debt needs to be repaid. Usually people are chipping away at repaying their debts but with some pretty serious spending in the last couple of years and interest now accruing and compounding, there is a lot of money owing all around the world. COVID was a big reason why that debt figure has increased so much as there was a lot of stimulus provided which had to be borrowed in order to keep the economy afloat through lockdowns and business interruptions.   Why does the Debt Ceiling Matter? The debt ceiling is such a major talking point for a couple of

  As we go through our careers, we often face many challenges and make many mistakes along the way – it’s the learning from these that keeps us moving forward. With the benefit of hindsight, here is what professional trader of 30 years, Andrew Baxter, would do differently if he had his time over again: The Story so Far Everyone has a story in life, albeit host Andrew Baxter’s is nothing shy of stellar. After graduating university in 1992 right in the middle of a recession in the UK, Baxter started in administration at a banking institution as his graduate position. After knocking a few doors down and making his way higher, he eventually parled this experience into a job on the trading floor for a broking firm in the city of London where we spent most of his career. Looking from the outside in, Baxter always viewed becoming one of the top floor traders as a real prize – which meant he wanted to work hard for it. After developing a reputation in the derivatives unit, Baxter event