Most of the time derivatives aren't financial hedges at all, but bets brokered by liars masquerading as advisers. Law makers should follow the Lehman judgement and label them accordingly.
Treasurer Wayne Swan delivered Australia's 2012-11 financial year performance yesterday -- with a bucket-load of spin. If only business CFOs could get away with it ...
Ailing economies can stimulate and deregulate all they like, but unless they can attract capital investment it will be in vain. And capital won't take long-term bets while deflation looms so large.
Mining costs are blowing out and market share being lost because of a labour shortage that is only going to get worse. What are the companies doing?
Queensland's coal royalties decision is just one face of the sovereign risk confronting miners as governments struggle with budget logic. In the end, no one wins.
The rapid fall in the iron ore price in the past few weeks has exposed the core risk to the Australian economy: the currency needs to fall, but the banks still need foreign funding.
Tony Abbott likely advocates individual workplace contracts with a no disadvantage test. But the Coalition has turned national debate into such a caricature it's impossible for anyone to state their true position.
As Labor begins the process of defusing carbon tax and asylum seeker policy as election issues, Tony Abbott's task will become increasingly painful. Does Labor improve from here?