In the midst of global stockmarket turmoil, talk of a double dip US recession and global downturn, focus is turning to whether the Labor federal government should stick to its promise to return Australia’s…
The climate won’t wait for financial markets, and it doesn’t need to.
AAP
The stock market has taken us on a wild ride in recent times. Some, such as BHP Chairman Jac Nasser and Victorian Premier Ted Baillieu, have suggested that in light of the ongoing economic uncertainty…
If we’re facing a downturn, the right thing to do to drop the insistence on returning to surplus.
In the face of the global financial crisis of 2008-09, the Australian Government’s overall fiscal policy response was both well-timed and well-calibrated (even if some of the specific programs within that…
Julia Gillard’s government needs to keep its promise to deliver a surplus.
AAP
In late 2008 the federal government was under some considerable pressure to abandon any plans of delivering a budget surplus in that year. I wrote an op-ed for the Australian Financial Review arguing that…
China may appear strong now compared to the troubled US, but still lags behind in technology and per-capita wealth.
Flickr/futureatlas.com
Europe is on the decline. The US has its own problems. Meanwhile, China and India appear strong. But is it too soon pick the next global superpower? In this Q+A, Professor Geoffrey Garrett, CEO of the…
The only way out of this crisis is to dishonour some of the debt that is weighing down the global economy.
AAP
The dramatic falls in share prices of Greek debt-laden French banks overnight highlights just how closely tied the current market chaos is to the world’s worsening debt woes. Market crashes like that of…
The median expected inflation rate dropped this month compared to July, most likely driven by the economic turmoil in the US and Europe, as well as the domestic stock market.
Flickr/Krug6
Consumers have softened their expectations on price rises, with a new survey showing that more people this month think inflation will stay within the Reserve Bank’s target compared to a similar survey…
Unless the US can address structural problems, there no end in sight to this financial crisis.
AAP
Global share markets were faltering even before the decision by Standard & Poor’s to downgrade the US government’s debt. The slump in share markets over the past week reflects a weaker outlook for…
How safe is your nest egg from share market fluctuations?
Flickr/peregrinari
Think the share market volatility doesn’t affect you? Guess again. With almost 60% of Australian superannuation funds invested in shares, anyone paying compulsory super contributions has something to lose…
The share market is often driven back into the black by canny investors looking for a bargain.
AAP
After falling by almost 20% in week-long sell-off, the Australian share market has bounced back and began trade today up more than 3.5%. The market’s recovery follows a strong comeback on Wall Street overnight…
The US must “choose between bankruptcy, raising taxes and cutting payouts”.
AAP
If the United States thought it could stave off its day of reckoning, it was wrong. Standard & Poor’s prompt downgrade of US credit worthiness late Friday sent stock markets worldwide into a nosedive…
Stock markets around the world plummeted after news of the US credit rating downgrade (EPA/FRANK RUMPENHORST)
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 is…
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 report…
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
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…