How Australia’s economy is kicking America’s arseAustralia’s natural resources, healthy banking sector and equity culture has seen the country virtually skip out on recession while the US struggles to keep its head above water. Elliot Gue casts a jealous eye over Australia’s recent economic performance.
Aussie dollar
Colebatch: Don’t let the mining boom blow up in our face
Asia’s growth is ensuring the continuation of the Australian mineral boom, but we need to train more workers — since immigration is not popular — and also protect our other industries, argues Tim Colebatch.
Green shoots scepticism in the land of the greenback
Slowly some healthy scepticism about the strength of those worldwide green shoots is emerging in financial markets, but it’s nothing dramatic yet. The Aussie dollar fell slightly against the US dollar and Norway lifted interest rates.
Unsure whether to be happy or sad over the rising dollar?
With news that the Aussie dollar has dropped under 90c today, Tim Boreham writes on the changes — both good and bad — that a strong Aussie dollar brings. It’s not the doom and gloom that many are predicting.
Wood: Interest rates must rise. Deal with it.
With a strong economy, low inflation and a rising Aussie dollar, a Cup Day interest rate rise is now almost a certainty. And so it should be, says Alan Wood: rates can’t remain at 50-year lows forever.
Morning Market Report: Aussie dollar rises again
The market is down 23. The SFE Futures were down 21 this morning. The Aussie dollar has also increased slightly from 91.61c to 91.66c yesterday.
The dollar is not an Aussie battler
Don’t get too excited about the super cheap international holidays available right now. A weak Aussie dollar keeps our manufacturing up, our unemployment down and our exports competitive, writes Tom Elliot.
NAB sees blue skies ahead
The NAB’s quarterly business survey shows improvements in confidence, expectations and conditions ahead of tomorrow’s important consumer inflation figures.
Political snippets: I don’t wanna be buried in a pet cemetary
Australia becomes the world’s quarry, saying goodbye to Fluffy, Germany takes a punt on growth, and more from the mind of Richard Farmer.
Kohler: The disaster of a strong Aussie dollar
The rising Aussie dollar may be catastrophic for the manufacturing industry, writes Alan Kohler, and will seriously impact engineering and construction work. How will we cope?
Morning Market Report: Bumper Aussie dollar rises again
Things are looking positive, with the market up 11 and the SFE Futures up 17 this morning. The Aussie dollar continues to climb against the US dollar, with it now at 92.07c.
Aussie dollar may hit $US1.10
RBA chief Glenn Stevens and St George Bank’s chief economist both say the Australian dollar may hit parity with US currency as economic growth continues apace.
Memo to a new PM: Some thoughts on managing risk
Governments are defined not only by ideas, but by events. You’ll never be thanked for dodging a bullet. Risk management alone can’t make your government a success but poor risk management will make it a failure.
Can BHP defy the market gloom?
How desperate is BHP Billiton to get its Rio Tinto bid up? There was a flood of leaks and tips from the BHP camp to weekend papers in London about all sorts of deals and moves. Glenn Dyer reports.
US rate cut prompts a frenetic day for the markets
Wall Street dithered overnight, then rose and ended up by just over 100 points, the Fed mentions inflation and economic stability in the same breath and US bond rates rose: all in all it was all a bit frenetic, reports Glenn Dyer.
Rising Aussie dollar and high oil prices
If Peter Costello wants a tsunami, the Aussie dollar and high oil prices could ensure he gets what he wants: a nasty mixture of high oil and commodity prices and a currency carving a hole in the earnings of corporate Australia, writes Glenn Dyer.
Strong Aussie dollar worries Colonial
One of Australia’s biggest fund managers, Colonial, is worried about the rising impact of the strong Aussie dollar on its holdings of listed Australian shares, writes Glenn Dyer.
Parity ho! Aussie dollar on a 23-year high sails past 90 USc
The Australian dollar hit a new 23 year high today, rising above 90 US cents for the first time since June 1984, writes Glenn Dyer.
The Economy: Good times roll
More good economic news. Export volumes seem finally to be rising after several inexplicable years of stagnation. And the labour market continues its recent march.
The AFR’s speculative stock tippers beat the market – for now
Crikey / Tuesday, 8 January 2008
The $2.70 paid for the Fin Review’s January 5-6 weekend edition appears to have been money well spent for speculative investors after the paper splashed its front page with “20 stocks to watch in 2008” and then claimed its journalists had unearthed shares that “could provide some extra gains,” writes Stephen Mayne.