The Big Bash of the debt crisis looks to be over and we are now in the long grind of debt reduction and low growth. But the financial world hasn’t the patience for a five-day Test match.
Global economy
Maley: watch out for a corporate margin call
Global share markets moved sharply higher overnight as investors shrugged off fears about the slowing global economy and the European sovereign debt crisis and piled into shares, writes Karen Maley of Business Spectator.
Political snippets: For Pete’s sake, Reith, just retire
Tony Abbott was a wise man in not voting to give Peter Reith the platform of the party’s presidency.
Maley: will Japan’s finances fracture?
Global markets face a nervous few weeks as they wait to assess the full impact of the devastating Japanese earthquake that has left the world’s third-largest economy confronted with its worst crisis since World War Two, says Karen Maley.
Bartholomeusz: size matters in private equity
A major study of the returns from private equity firms over the past 40 years has produced some unusual insights into their performance, not the least of which is that the largest firms have produced the worst results.
World’s economies steering different paths
A flood of figures and announcements from governments on Friday tell very different stories about where some of the world’s major economies are a month into 2010.
Roubini: The next big crash is already underway
The global economy may appear to be in recovery, but people are borrowing at negative interest rates and investing in risky assets like commodities, equities and credit. We’re creating an even bigger bubble than before, says Nouriel Roubini.
Spending borrowed monies leads to false bravado
If you were to believe world stock markets, the recession is drawing to a close, with the wisdom of government spending and global monetary easing spurring the world to another economic recovery. But the markets have long proven to be an unfaithful talisman.
Why we’re nowhere near out of the woods yet
Global share markets and federal banks are hailing the end of the recession — but they make a living out of telling people what they want to hear. Some other commentators are singing a very different tune.
G20: decoding the leaders’ communiqué
The official G20 Leaders’ communiqué was released this morning, assessing the policies released in April to fix the world’s economy. Bernard Keane breaks it down for us mere mortals.
Mungo MacCallum: Make no mistake, this is a new world order
The acceptance of the G20 as a rule-maker for the conduct of the world’s financial systems quite literally ushers in a new world economic order: a genuine democratisation that directly includes two-thirds of the world’s population and indirectly gives a voice to the rest.
OECD: Financial Crisis killed 25 million jobs
The OECD may have had good news for Australia’s economy, but its global analysis was less rosy, estimating 25 millions jobs have been lost in the GFC carnage.
Why the GFC will happen again
At the nadir of the GFC, few ideas seemed too extreme for consideration to overhaul the regulation of banks, write Theo Francis and Peter Coy. But the G20’s weakened reform plan won’t give the system the kick in the pants it needs.
GFC: Australia’s chance to shine
The GFC has meant a new global hierarchy is emerging and Australia’s relationships with emerging economies, such as Brazil and India, should not be underestimated for future negotiating power, writes Dennis Shanahan.
Population boom without economic collapse?
Economists may hate predictions of catastrophe, but the effect of population growth on economies should not be underplayed. “Demographics will be THE major driver of the global economy in the next 40 years”, writes Mark Crosby.
The GFC: one year on
In September last year, the world was plunged into financial crisis. Things are slowly starting to turn around at a global level, but how are the countries hardest hit by the GFC coping one year later? TIME visits the Baltics, Ireland and Singapore.
G20: a watcher’s guide
Will you be glued to the news this weekend to catch every thrill and spill as finance ministers and central bankers from G20 nations get together for conversation and good times? Forbes has a guide to all the big issues you can expect to see emerge.
Australia wins as the world economy re-aligns
The central economic problem is for Australia and the rest of the world is not the recession, the credit crunch, the stimulus spending, or even debt — it’s the sustainability of the recovery.
Nouriel Roubini: the interview
The man credited with predicting the 2008 meltdown sits down with the Washington Post.
IMF: rebound might be years away
According to the International Monetary Fund, any economic recovery won’t emerge until well into the second half of the year, if at all, writes Glenn Dyer.
Global economy stuffed, says World Bank
The World Bank says the global economy is likely to shrink for the first time since World War II this year, writes Glenn Dyer.
Global recession looms as leading economies continue to cool
The US economy is in recession, and now, worryingly, other major economies are also slowing. Is the world about to tip into recession? Glenn Dyer reports.
