This was always the great danger for the post-GFC world: that debt-laden governments, led by the US, would have to start cutting fiscal deficits before their economies reached escape velocity.
Global recession
Gottliebsen: a self-fulfilling market prophecy
The enormous sums which are sitting on the sidelines in the US and Europe earning token returns are now flooding into stock and currency markets. Robert Gottliebsen of Business Spectator explains.
2009: The year of The Great Stabilisation
Rather than 2009 turning into the year of the Great Recession, the biggest financial news was our ability to avoid global catastrophe and stabilise our economies. But there was some collateral damage. Like, lots of unemployed people…
Stutchbury: Why Swan doesn’t want your applause
Wayne Swan should be lapping-up the news heralded by the RBA rate hike that the economy is back on track, says Michael Stutchbury. But the rest of the world’s finance ministers are still battling recession, and Swan would rather fit in with the cool crowd.
New Zealand rams its way out of recession
The combination of China and strong government spending has arrived to help the Kiwi economy escape its worst slump in 30 years and is now officially out of recession.
V for victory in US economic recovery, Europe not looking so peaceful
Conventional economic wisdom is wrong, writes Anatole Kaletsky. The US economy will probably recover fairly quickly from the GFC, while Europe is likely to incur permanent damage to its economies.
Will the GFC help the environment?
It might hurt, but some experts are saying that the Global Financial Crisis is giving Planet Earth a bit of room to breathe.
Is the global recession affecting your health?
Four years from now, we will be in the midst of the longest debt deflation episode in post-war history and our health will be failing.
Recession? You’re standing in it
Last week, prior to the release of Australia’s GDP figures, London-based Stephen Koukoulas issued the following piece demolishing the recession debate.
