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Michael Thompson

๐Ÿ‘ค Speaker
2432 total appearances

Appearances Over Time

Podcast Appearances

FEAR & GREED | Business News
Investors dump small caps; cash usage rises; Adidas the winner in marathon record

You make a whole lot of pronouncements.

FEAR & GREED | Business News
Investors dump small caps; cash usage rises; Adidas the winner in marathon record

And then if one of them just happens to come true, you say, look, Nostradamus over here got one right.

FEAR & GREED | Business News
Investors dump small caps; cash usage rises; Adidas the winner in marathon record

Now, after years of decline, Sean, the use of cash in the economy somehow reversed with around 15% of payments now made using notes and coins and 50% of Australians using cash as

FEAR & GREED | Business News
Investors dump small caps; cash usage rises; Adidas the winner in marathon record

in a typical week.

FEAR & GREED | Business News
Investors dump small caps; cash usage rises; Adidas the winner in marathon record

I find that amazing.

FEAR & GREED | Business News
Investors dump small caps; cash usage rises; Adidas the winner in marathon record

Older Australians and lower income households tend to use cash more, but really representatives of all age groups pay with it.

FEAR & GREED | Business News
Investors dump small caps; cash usage rises; Adidas the winner in marathon record

This has been the findings of a Reserve Bank discussion paper.

FEAR & GREED | Business News
Investors dump small caps; cash usage rises; Adidas the winner in marathon record

based on a 2025 consumer payment survey.

FEAR & GREED | Business News
Investors dump small caps; cash usage rises; Adidas the winner in marathon record

In fact, the use of cash as a payment has increased from 13% to 15% over the past three years.

FEAR & GREED | Business News
Investors dump small caps; cash usage rises; Adidas the winner in marathon record

And the research actually says that one third of Australians would face hardship or major inconvenience if cash was difficult to access or if shops didn't accept it.

FEAR & GREED | Business News
Investors dump small caps; cash usage rises; Adidas the winner in marathon record

Turning to international news now, Sean, Iran has sent a new proposal to the US to reopen the Strait of Hormuz and end the war that includes putting off nuclear negotiations.

FEAR & GREED | Business News
Investors dump small caps; cash usage rises; Adidas the winner in marathon record

Now, the plan was conveyed through mediators in Pakistan and calls for extending the ceasefire so the parties can work towards a permanent end to the fighting.

FEAR & GREED | Business News
Investors dump small caps; cash usage rises; Adidas the winner in marathon record

This is according to Axios, the news outlet in the States.

FEAR & GREED | Business News
Investors dump small caps; cash usage rises; Adidas the winner in marathon record

Nuclear talks then would come at a later stage.

FEAR & GREED | Business News
Investors dump small caps; cash usage rises; Adidas the winner in marathon record

Only after a U.S.

FEAR & GREED | Business News
Investors dump small caps; cash usage rises; Adidas the winner in marathon record

blockade of the Strait of Hormuz is lifted, Pakistani mediators have given the proposal now directly to the White House.

FEAR & GREED | Business News
Investors dump small caps; cash usage rises; Adidas the winner in marathon record

Finally, Sean, like the four-minute mile and the 10-second 100-meter dash two generations ago, the sub-two-hour marathon is

FEAR & GREED | Business News
Investors dump small caps; cash usage rises; Adidas the winner in marathon record

had never been achieved until yesterday with not one, but two runners, both breaking that mark.

FEAR & GREED | Business News
Investors dump small caps; cash usage rises; Adidas the winner in marathon record

And the winner of this, you've got to say is probably actually Adidas or Adidas, depending on where you stand on this one, but I'm in the Adidas camp.

FEAR & GREED | Business News
Investors dump small caps; cash usage rises; Adidas the winner in marathon record

With both runners wearing the brand's new and ultralight 500 US dollar racing shoe as I crossed the finishing line, this was in London.