A gathering economic storm overseas may wreck Labor’s entire political strategy, write Bernard Keane and Glenn Dyer.
Global Financial Crisis
Stutchbury, Quiggin and the fallout from the ‘recession of 2009′
Economists in glass houses ought to be careful when accusing others of bias …
US recession wedges wealth gap between whites and minorities
The “Great Recession” in the US has impacted everyone, but new data is showing that it’s African-American and Hispanic communities that are the most disadvantage from the economic drop.
How I got a job in the middle of a national recession
A collection of Slate readers explain how they managed to cope with long-term unemployment during a recession by finding smart techniques to get hired again.
Come in Spinner: Come in Spinner: common and uncommon sense — who’d believe the latter?
Millions of Australians have been listening to, and reading, the predictions of political pundits, economic forecasters, broking firm analysts, experts and others about what might happen in politics and the world.
Denmore: News Corp crossed the line a long time ago
Like the sub-prime mortgages blamed for the GFC, phone hacking is a symptom — not the cause — of News Corp’s “whatever it takes” philosophy, which has long been used for questionable purposes, writes Mr Denmore.
Bartholomeusz: nervous times of known unknowns
The Greek debt crisis is coming to a head at an awkward moment for the global financial system, coinciding, as it does, with the imminent end of the US Federal Reserve Board’s QE2 program of quantitative easing.
Hey regulators, remember the GFC?
Amidst the economic gyrations of late 2008 and 2009, regulators and commentators evinced a steely ‘never-again’ mentality. But almost three years on, little has changed, writes Adam Creighton.
After-effects of GFC disaster continue to emerge
Governments have a habit of meddling with things. This is largely due to the political imperative of being seen to be doing something to fix economic problems.
Por fin, the Spanish protest unemployment with a touch of fiesta
It’s been dubbed the “Spanish Revolution”, reminiscent of the workers uprising and social revolution in Spain during the civil war in the 1930s. The sad thing is, most of the thousands filling the streets of Spain in recent days are only wannabe workers.
US economy: Grant a mentor-in-waiting for Bernanke
Jim Grant, author of Grant’s Interest Rate Observer, is one of the world’s best economic forecasters. When it speaks about global markets, and tells Ben Bernanke to resign, it might be worth a listen.
The Greenspan Putsch and the GFC
There is a cast of villains that led to the near-collapse of the global banking system, writes John Addis, founder of the Intelligent Investor.
Keynesian trap of spending: what of construction post-BER?
On Wayne Swan’s economic recovery legacy, the BER wasn’t all good news. Its short-term job-creating impact throws the economy out of whack in the longer term.
The rewriting of our fiscal history
There’s a concerted effort to rewrite fiscal history under Labor, and it’s highly offensive.
The budget fact no one’s talking about: the GFC is still with us
Though Labor and Liberal loudly proclaim their differences, on the key economic issues, they’re (pardon the pun) carbon-copies, writes Steve Keen.
Dear customers shamelessly pillaging our discounted books
Jen Mueller pens a letter to the customers harassing her at the liquidation bookstore where she works, noting that, sadly, a petition will not be enough to keep this business out of the hands of administrators.
Maley: will collapse follow Greece’s debt marathon?
The eurozone’s sovereign debt crisis is again threatening to erupt, with growing disquiet that Greece’s rescue plan is in deep trouble, and the country could be forced to restructure its debts, writes Karen Maley.
Maley: a frightening replay of 2007
Surging global equity prices, junk bond yields at record lows, the return of “covenant-lite” deals — for many observers we’re seeing a replay of the heady first months of 2007, writes Karen Maley, of Business Spectator.
Financial Crisis Commission fails to think global
The central finding of a new report from the Financial Crisis Inquiry Commission seems to be that the GFC was an American crisis, thus ignoring the rest of the world. The commission said that US Federal authorities bear much of the blame.
All villains and no heroes: everyone’s guilty on Wall Street
The Finding Crisis Inquiry’s Commission into actions on Wall Street that led to the global financial crisis appears to have taken inspiration from Murder on the Orient Express: everyone’s guilty. They partied hard and the hangover was horrible, writes Susanne Craig and Ben Protess.
Kohler: two revolutions in one
Not much more than two years from one of the greatest financial panics in history, sentiment is now as bullish as it has ever been. The global economy grew 4% last year and is likely to do something similar this year.
Greece sets a new record
Scepticism clearly remains about whether Greece will survive without renegotiating its debt. The market last night was demanding a record high 12.521% to hold the government’s 10 year bonds, reports Richard Farmer.
The non-investor guide to investing
So you want to make millions on the stock market. Well, Gawker offers up its guide for the average investor in 2001, with tips such as don’t assume your financial planner is a good adviser on financial risk and do hold on to them until you are old and in need of money.
