Book that trip to New York now and get that online shopping done because when it comes to the Australian dollar, it's all downhill from here. The dollar has taken a dramatic fall in the past three weeks, falling almost six US cents - from US94 cents to a near eight-month low of US88.18c. And ... Read more
Archives for September 2014
Housing –The Curse that keeps on Cursing —Alan Kohler (Business Spectator)
Momentum is building for some kind of macroprudential policy control on Australian housing. The International Monetary Fund has strongly supported direct controls on lending in its brief to the G20 finance meeting in Cairns over the weekend. “Completing the reform of financial regulation and ... Read more
Chinese and US tech giants face off in the war for talent —Business Spectator
by Peter Cai Alibaba’s spectacular debut on the New York Stock Exchange has signaled the coming of age for Chinese technology companies. The e-commerce giant is valued at over $231 billion, more than Facebook or Amazon and eBay combined. The successful initial public offering puts ... Read more
The US dollar is at war with the Fed —Business Spectator
By Jim Vrondas The strength of the US dollar is making it harder for the economic recovery in the US to gather more momentum, but rather than engage in a currency war with other central banks it seems the Federal Reserve Bank is at ease with the situation. I would find it hard to believe the ... Read more
Putting the weak US payrolls result into perspective —Business Spectator
By Callam Pickering The US labour market might have suffered a brief misstep but that was to be expected after a remarkably strong six months for job growth. There’s no reason to believe that the labour market won’t get back on track in September and finish off the year on a high ... Read more