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2023 – Year in Review

As we close 2023, it’s essential to reflect on the significant events that shaped the financial and economic landscape. This year has been marked by remarkable market trends, political shifts, and economic challenges. Here’s a concise review of these key events and a glimpse into what 2024 might hold.

Market Performance

2023 saw the NASDAQ rise by over 40%, despite various economic challenges. Nvidia, for example, experienced a 220% stock increase, driven by advancements in AI technology. This highlights the market’s resilience and the pivotal role of technological innovation.

Interest Rates

Australia: Interest rates in Australia saw significant increases, causing considerable pain for those with variable mortgage rates. The change in leadership at the Reserve Bank of Australia (RBA) also marked a notable shift. Dr. Philip Lowe was replaced after a tenure marked by controversial communications regarding rate changes

USA: In contrast, the US Federal Reserve, under Jerome Powell, managed interest rates effectively. Powell’s clear communication and strategic moves helped combat inflation without pushing the economy into a recession, showcasing a robust approach to monetary policy.

Political Events

USA: The political scene in the US was turbulent, with ongoing legal issues for former President Trump and the beginning of a new presidential election cycle. The performance of the current administration has been scrutinized, particularly regarding national security, border protection, and economic policies.

China: China’s economic challenges continued, with a notable debt spiral and demographic issues. Despite these challenges, China remains a critical player in the global economy, driven by its manufacturing capabilities.

Global Conflicts

Ukraine: The war in Ukraine extended into its third year, impacting global economics, especially in commodities like grain.

Middle East: The conflict between Israel and Hamas in the Middle East emerged as a significant issue, initially causing market sell-offs but eventually stabilizing without major economic disruptions.


Bitcoin and other cryptocurrencies saw volatile movements. Despite a brief surge, the market’s instability highlighted the need for more regulation. The future of crypto may depend on achieving greater legitimacy and regulatory oversight.

Notable Developments

Qantas: The airline faced significant challenges, with leadership changes and a tarnished brand image impacting its market performance.

US Debt Ceiling: The political struggle around the US debt ceiling reflected deeper issues within the Republican Party, underscoring the need for political unity to address economic reforms.


2023 has been a year of significant economic and political events. As we look forward to 2024, it’s crucial to stay informed and proactive in managing our financial futures. By leveraging the lessons and tools developed this year, we can navigate the challenges ahead with greater confidence and clarity.

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