Without the firing of a single shot in anger, a country has been, at least in a sense, brought to its economic knees. The capitalist system, with variations and aberrations, is now reacting.
Shares are…
As a new global financial crisis looms, Australia shouldn’t overestimate its dependence on China.
AAP
Amidst the widening global financial turmoil, a strong Chinese economy is certainly one positive for the Australian economy.
But should we believe it is only factor that will save the day? The answer…
Can China continue to float our boats as the global economy teeters?
AAP
Federal Treasurer Wayne Swan has seized on positive comments about Australia’s economy in an International Monetary Fund report as evidence the country can endure another global financial crisis.
The…
Global markets have fallen dramatically over fear of a US double dip recession and global downturn.
AAP
The Australian share market has followed Wall street overnight and other global markets, with as much as $60 billion wiped in value throughout the day.
The Reserve Bank of Australia has cut the forecast…
Standard & Poor’s could still downgrade the US credit rating, despite the debt ceiling deal.
AAP
By Kevin Davis, Australian Centre for Financial Studies
Washington lawmakers in the US House of Representatives have passed an agreement hammered out between Republican and Democrat leaders designed to avert a US debt default.
The move is a further step towards…
