Think you see green shoots? You’re wrongDon’t believe the optimists, says Nouriel Roubini — the contraction of consumption will remain a drag on households for years.
Economic forecasts
Fed fallout to spread far and wide
The US Federal Reserve’s forecasts send a grim message: not only will American unemployment be higher for longer, but so will jobless levels in other economies.
Financial bubble about to burst, again
We are witnessing a bubble, semi-popped, providing its makers with a few final glimpses of joy, before vanishing completely.
Economists: what are they good for?
They didn’t see the GFC coming, they don’t know when it will bottom out, and they don’t know when growth will return and at what rate — why do we have economists again? asks Terence Corcoran.
Political snippets: Sceptically looking for the green shoots
Richard Farmer sees no “glimmers of hope” for the economy and reflects on hard-drinking politicians.
Australia will avoid the worst of the IMF’s doom
While the IMF continues to spout negativity over the state of the economy, commentators should exercise caution when adapting its analysis to Australia.
Political snippets: Think tanks as lobbyists
John Faulkner should remember the influence and power of think tanks when reviewing the effectiveness of the federal lobbyists register.
US Fed beefs up economic forecasts
Next Tuesday, the US Federal Reserve will release significantly expanded economic forecasts as part of a major upgrade of its disclosure; a move that will highlight the lack of adequate disclosure by the RBA, writes Glenn Dyer.
