Global Financial Crisis

Fund fiscal policy, not greedy banks

12 comments
Central bankers have handed trillions to banks who have used it to boost profits and bid up asset prices. Using it to fund government spending is a much better idea.

IMF issues shadow bank warning

Fund says risks shifting to shadow banks, undermining global financial stability.

Did we learn nothing from the GFC?

15 comments
A global survey of debt shows Australia in the middle of the pack overall, but with exceptionally high debt in the household sector.

Paulson testifies in AIG bailout case

Henry Paulson drawn into lawsuit that alleges AIG shareholders were cheated of $US40bn.

Building a new economics for the #Occupy generation

4 comments
A new generation of economists is demanding that the discipline engage more closely with the real world.

IMF fearful of slow global growth

by AFP
Christine Lagarde warns global economy may be facing prolonged period of 'mediocre' growth.

US, Europe in derivatives impasse

Regulatory deadlock seen in push to coordinate on international rules for derivatives.

Fears of GFC-style complacency

Leading fund manager says markets are starting to show worrying signs.

Australia's global disconnect on inclusive growth

12 comments
As the rest of the world takes decisive steps towards increasing total employment through inclusive growth, Australia is clearly lagging.

US tweaks bank liquidity rules

US regulators adjust a new rule designed to prevent banks from running out of cash.

Cautious consumers aren't helping the US recovery

3 comments
Household spending used to be a reliable source of growth, but with consumers remaining cautious post-GFC the US needs to look to business, public spending and exports for support.

BofA reaches $US17bn settlement

by AP
Bank of America agrees to pay $US17bn to resolve mortgage-backed securities probe.

Two charts that show the world's economy is thriving

6 comments
Policymakers are thrashing about with concerns about a weak global economy but these two charts prove they are wrong.

The world must inflate or bust; Australia mustn't join in

13 comments
Central banks around the globe are desperately trying to inflate the world's excessive debt away, but for Australia, it would be more damaging in the long term to take part in this inflation race.

Parkinson warns on low rates

Treasury secretary says pressure needs to be taken off monetary policy.

Bank rules too strict: Smith

ANZ chief executive says regulators’ response to GFC has been too stringent.

Top economies contract in Q1

by AFP
Slight rise on personal consumption not enough to convince corporates to spend: OECD.

Derivatives are still out of control

5 comments
Despite ongoing efforts to step up regulation in the post-crisis global financial market, derivatives-hungry Wall Street is leveraged to the hilt and the problem of ‘too big to fail’ remains unresolved.

Lessons for Australia from the GFC

23 comments
While Australia came out of the GFC relatively unscathed, a hollowed-out non-resources sector and long-term youth unemployment could precipitate a slowdown of our own making.

OECD sees central banks unwinding

1 comment
Co-operation says markets facing periods of 'considerable turmoil'.

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