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Recession
Kohler: let’s not get carried away here
While all the good economic news lately has been wonderful, there’s always a “but…” attached, writes Alan Kohler.
Unemployment holds the line at 5.7%
Australia’s unemployment rate continues to defy expectations and appears to reaffirm that the economy is far stronger than expected. Bernard Keane reports.
Fashion turns derelicte: brown bags are the new black
Like aristocrats in the French Revolution, the fashion industry knew it would be first against the wall in the global economic downturn. Mel Campbell looks at dressing for recession.
Don’t blame Reagan for recession
How could Paul Krugman, winner of the Nobel Prize in economics and author of generally excellent columns in The New York Times, get it so wrong? asks Robert Scheer.
Uh, we’re actually in recession
Away from the seasonally adjusted media tart data, the ABS trend numbers say we’re well and truly in a recession, writes Michael Pascoe.
The problem with Russian productivity
Every employed Russian contributes only $16,100 to the country’s gross domestic product, compared with $38,100 in South Africa, $48,600 in Greece, $59,400 in France and $74,600 in the United States.
Your Say: Daily Mail readers' feedback: Qantas responds to Crikey about inflight news censoring
Qantas does not seek to influence Channel Nine’s on air content. We do exercise this right of veto for items we believe may distress or offend our passengers, writes Michael Freedman.
Fashion in a recession
With the fall of fashion house Christian Lacroix, the recession is steering people away from excess and towards heritage brands, says Vogue’s retail editor Emily Zak.
The recession Malcolm needed to have
Where does this leave Malcolm Turnbull? asks Possum. His impatience drove him to take the Opposition leadership so early that a “Big Political Failure” was his only route to The Lodge. But the GFC isn’t it.
Political snippets: Rudd is right to be smug
Labor must sure be pleased with themselves after today’s GDP figures, says Richard Farmer, and what’s Annette Beacher up to?
The little recession that couldn’t
For the Government and Treasury, this is as close to vindication of its stimulus approach as it will get. And all thanks to 0.4%, in black, rather than red.
Our economy: so hot right now
It was supposed to be a recession, but compared to the likes of the US, Japan and Germany, we are positively ‘hot’ (in growth terms).
Australia avoids recession, just
The release of this morning’s GDP number suggests Australia has avoided recession, but only by a sliver; to be precise, 0.4% growth.
Don’t fret the debt — an open letter
Twenty-one authors have signed a Nicholas Gruen-instigated opinion piece in today’s AFR, arguing that modest levels of government debt are a perfectly appropriate response to a major downturn.
What if Australia was never in recession?
Australia may become one of only three advanced economies known not to have gone backwards in the March quarter, joining Poland and Korea, writes Peter Martin.
Trade figures raise hopes of better national accounts
The chances of a slightly better than expected set of growth figures in tomorrow’s national accounts have risen with a solid balance of payments for the March quarter.
A tale of 32 recessions: from the US to Denmark, Ireland to Russia
Wednesday’s National Accounts figures will confirm that Australia, like most developed countries, was led into recession by the excesses of its domestic property market, writes Gavin Putland.
Roll on recession: the fashion industry is ready for you
Last year the boom that began in the 1980s ended with breathtaking rapidity and finality. Luckily, a contingent of people at the heart of fashion have been readying for post-crash style for years…
Can’t afford a $66K glass Artichoke lamp? Try $12 sheep’s milk soap instead
Hard hit luxury stores are getting creative, banking on people to continue being just a little self-indulgent — say, splurging on a fancy garden trowel instead of a chandelier.
Why recessions create new inventions
If the Great Depression led to Twinkie, Monopoly and the photocopier, what will the latest recession produce?
Government tests the power of positive thought
Can the government’s efforts to keep public discourse on the economy positive minimise the impact of the recession? asks Ross Gittins.
Think you see green shoots? You’re wrong
Don’t believe the optimists, says Nouriel Roubini — the contraction of consumption will remain a drag on households for years.
Is the recession really making us better people?
Nope, says Derek Thompson; we’re not spending less due to sudden epiphanies about altruism and the true value of money — we’re just broke.
Treasury’s positive outlook is a false vision
A downturn that the Budget papers describe ad nauseam as “the most severe since the Great Depression” is expected to be over faster than the recession. So which is it? asks Steve Keen.
