Global Financial Crisis

Australia's global disconnect on inclusive growth

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

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

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

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

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

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'.

Dubai wins $20bn crisis-era debt refinancing

Move seen as indicative of the emirate's return to economic health.

OECD jobless rate steadies at 7.6%

After three consecutive monthly falls, unemployment number pauses.

Global debt passes $100 trillion: Bloomberg

Report finds 40 per cent surge in debt worldwide since GFC.

G20 mulls ‘too-big-to-fail’ rules

Policymakers to pursue plans for banks to call on bondholders instead of governments: report.

Fed releases transcripts of GFC crisis-era meetings

Scripts show Bernanke transforming into crisis manager.

Madoff victim fund extends deadline

US victims now have until April 30 to sign up.

Fannie Mae to repay bailout next month

Mortgage-finance giant expects to remain profitable after repaying $US121.1 billion in dividends since crisis.

Carney’s about-turn steers the BoE forward

Mark Carney’s U-turn on forward guidance is an embarrassment for the BoE, but it was the right call to make. The governor must now take a similarly flexible stance on rates.