This current situation is unlike the GFC in 2008 which was a financial crisis. This is very different. It is a global health crisis. The good news is that the Government has all but given up on delivering a surplus, but is instead delivering $17.6 billion aimed...
The Reserve Bank this week voted to reduce interest rates by a further 25 points to a new record low of 0.5%, but it is not the answer to the country’s flat-lining economy. In fact, I’d almost argue it is counter intuitive. It seems to me that...
For all intents and purposes, China is in a recession. Cities have been shut down, manufacturing and construction within those cities brought to a standstill, and transport is severely constrained. Conservative estimates for Chinese GDP growth in the March quarter currently sit at between 1 and 2...
In the world of business and finance, many moving parts are interconnected. Like yin and yang – each and every facet of the economy must have an opposite. So, when the Australian Bureau of Statistics announced last week that the nation’s unemployment rate had dropped to the...
Phase One of the trade agreement between the U.S. and China does not address the structural issues that a planned bilateral relationship would pose, but it does present serious problems for Australia’s energy, agricultural and manufacturing export economies. The two largest world economies last week took...
The high demand for property in Australia, coupled with new restrictions on credit from the big banks, has built an unstable environment for new homeowners looking to enter the market. Generally speaking, the construction and housing sectors are closely interlinked. High demand for housing will drive...
According to ancient Chinese lore, the 12 signs of the zodiac were decided by a race during the dynasty of the Jade Emperor. The rat, small in stature, was given little if any chance of competing in the race, yet its intelligence, agility and quick-thinking enabled...