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 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…
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…
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…
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 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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…