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CPI figures: inflation reined in but price pressures remain

April 22, 2009

The RBA is looking at growth, demand levels and unemployment as it approaches rate changes in May, with inflation on the backburner.

Forget the IMF, listen to Stevens instead

April 22, 2009

Australians would be better to steer clear of the IMF's recent report and instead heed yesterday's speech by RBA governor Glenn Stevens.

Budget countdown: innovation and protectionism

April 22, 2009

Industries are lining up for the same sort of generosity that Kim Carr likes to dole out to the car industry.

The Chinese housing bubble

April 22, 2009

The Chinese housing market has crashed, with prices expected to fall 10-15% this year.

The great Australian dream becomes a nightmare

April 22, 2009

The increased first home owners' grant is encouraging many young people to buy into a false economy.

Global disaster? Please explain

April 22, 2009

No-one can possibly know how long the current recession will last or how deep it will go.

Manhattan elite cry into caviar

April 22, 2009

As the privileged class loses its privileges, a collective moan rises from the canyons of Wall Street.

Economists still relevant, apparently

April 21, 2009

Economists mostly failed to predict the worst economic crisis since the 1930s. Now they can't agree how to solve it. People are starting to wonder: What good are economists anyway?

We picked this: origins of the financial crisis [pdf]

April 21, 2009

It has become a cliché to refer to an asset boom as a mania. The cliché, however, obscures why ordinary folk become avid buyers of whatever object has become the target of desire.

Spain bracing for deflation

April 21, 2009

Faced with plunging orders, merchants across this recession-wracked country are starting to do something that many of them have never done: cut retail prices.