US houses stripped before foreclosure

April 27, 2009

American home owners are reacting to foreclosure by stripping everything of value from the house in advance. This diminishes the value of the foreclosure, costing taxpayers money.

Top 4 recession sacrifices

April 27, 2009

Eating out? Alcohol? New clothes? What are we willing to give up in these tough financial times?

Could Australia’s unemployment rate hit 10%?

April 27, 2009

Unemployment has jumped from 3.9% to 5.7% in just over a year. But double figures? Peter Martin has two reasons why we could well expect a double-digit unemployment rate.

Greed is irrelevant to GFC

April 27, 2009

Greed isn't why the financial crisis happened, and restraining it won't prevent bad stuff from happening again, writes Barry Schwartz.

UK economy under review after budget blowout

April 24, 2009

The UK doesn't played a part in the global financial crisis, but to have judgment passed by the people who helped cause the mess in the first place is very, very troubling.

Why monetary zealots are wrong

April 24, 2009

Milton Friedman is wrong again. There is such a thing as a free lunch -- it's monetary policy and here's why.

Bludgeoned Britain slides further down the plughole

April 24, 2009

The British budget is the grisliest in history with Alistair Darling putting his name to what is fast becoming an economic basket case.

Japanese in wacko jobless push

April 24, 2009

Japan has crafted a novel solution to the unemployment crisis engulfing the island nation -- send the jobless packing.

IMF slams US fiscal policies

April 24, 2009

The IMF's assessment of US economic politics might not seem like fierce disapproval, but in policy speak it's pretty harsh.

Australia will avoid the worst of the IMF’s doom

April 23, 2009

While the IMF continues to spout negativity over the state of the economy, commentators should exercise caution when adapting its analysis to Australia.