Australia came out of the global financial crisis largely unscathed, thanks to the Rudd Government’s rapid fiscal response in the form of public spending. Depending on whether your views are shaped by the Murdoch Press or by economists such as those working at the IMF, this was either an irresponsible waste of the Howard government’s surplus or a sensible Keynesian stimulus.
Financial markets have largely been focused on Europe's debt crisis, the looming fiscal cliff in the U.S., and the deceleration of the Chinese economy. But there are at least 14 other global geo-political risks that investors need t... Read Post
Lawsuits leveled at banks as a result of the financial crisis are being dismissed in large numbers based on various forms of a "global financial catastrophe defense" that shifts blame to the weakened economy and away from the banks ... Read Post
The Baltic Dry Index just hit a 28-year low. The index famously mapped the financial crisis, going through the floor as the global economy tanked in 2008, but it's just slumped to an even lower level. The index measures shipping cos... Read Post