Eight days of hardship on the ASX, two major banks taking billion dollar losses — is Australia still looking strong enough to withstand an economic slowdown in the US? ANZ Chief Economist Saul Eslake answers Crikey’s questions.
Superannuation savings
The Economy: The economy is strong
Economics is again prominent on public discourse. Economic data is spewing forth, with two climaxes next week. The first is the Reserve Bank board meeting and the second is the national accounts for the June quarter.
Hedge managers fan super anxieties
As Australian hedge fund managers stare down the barrel at their first major league disaster, the crisis at the $1 billion hedge fund group, Basis Capital, is set to spark a fresh examination of hedge fund exposure.
