Cannabis – a high for the economy?

Economies around the globe are suffering due to the COVID-19 pandemic. Governments in all nations will be looking for new sources of revenue to provide jobs to millions of people who find themselves out of work and to replenish diminishing budgets. With this in mind, a potential source of revenue and jobs could be provided through the legalisation of marijuana.

The Rise of Decentralized Finance (DeFi) in Crypto

Ethereum, which is currently the second largest cryptocurrency in the world by market capitalization, distinguishes itself in providing one of the world’s first Turing Complete protocols, meaning programmers can use the Ethereum programming language to build their own Ethereum “Tokens” that can be swapped to and from Ethereum and are complete cryptocurrencies in their own right, which is a feature previously impossible on cryptocurrencies such as Bitcoin.

The Revival of the Australian Bond Market

Throughout February and mid-March, the Australian debt market was plagued by irrational investor behaviour following fears of economic stagnation. Many investors were spooked about the impending pandemic and its associated economic costs which caused a decrease in the value of risky assets and a boosted demand for risk-free assets such as government-issued bonds. As investors piled into safe-haven assets, Australian bond-yields declined to record lows.

Two-Faced FDIs & COVID-19’s Role in Accelerated Deglobalisation

The Financial Times (“The modern era of globalisation is in danger”, May 24) is right to argue “the current era of globalisation is not dead but looks in ill health”. With the rise of populist nationalism such as UK’s Brexit vote and the US election of Donald Trump in 2016, the COVID-19 risks deliver the knockout blow. Every country will have to pay the price for increasing protectionism resulting in frailer domestic production.