The Aussie dollar is flying high today. At time of writing, the Aussie dollar is trading at 71.39 cents to the US dollar. Remember, this is after the AUD hit a low of 55 US cents back in March. What’s pushing the Aussie dollar? There’s some optimism around the fact that the government will be […]
Australian Economy News: Updates and Insights on Australia's Economic Landscape
When most people think about the ‘Australian Economy’, the first thing that’ll often come to mind is mining and banking. Two industries that dominate our total productive output both locally and abroad.
It is, however, a little more intricate than that...
Australia is a prime exporter of many commodities. Many of which are mined, but some of which aren't. And while iron ore has certainly been our forte for a number of years now, we have quite the unique mix of materials across our vast country.
China Friction Leading to Australian Manufacturing Renaissance
Interest in the cybersecurity industry is growing in Australia. A lot of this has to do with the China’s state-run, or at least state-sanctioned…or at the very, very least state-tolerated hacking organisations. Cybersecurity…
China Is Really Rocking the Boat
Dear Reader, This time last year, I was strolling up and down the halls of the Fairmont Hotel in Vancouver. The Sprott Natural Resources Symposium was mere hours away from kicking off. As a guest of Rick Rule, I’d scored an all-access pass to the speeches, workshops, and private functions. It was a blur of […]
The Impossible Level of Debt and the Improbable Way It’ll Be Repaid
The first book about finance I ever read was about the US government debt. It’s unsustainable and will lead to a crisis if we don’t reform, the book informed me. About 15 years later, with a zero tacked onto the end of the problem, there still hasn’t been a reckoning. Heck, interest on US government […]
How the Next Banking Crisis Will Likely Unfold: Bank Bailouts or ‘Bain-Ins’
Too big to fail. It was the mantra that defined the GFC. Leading to extraordinary taxpayer-funded bailouts of banks across the world. Whenever the next banking crisis arrives, be it in a matter of weeks or years, bailouts won’t be on the table. Instead, we are likely to see ‘bail-ins’…
JobTrainer: $2.5 Billion to Retrain Aussies — but It Won’t Save Universities
The government has been scrambling to find a way to keep the economy afloat, desperately trying to find ways to save jobs without having to subsidise them long term. That’s where JobTrainer is set to come in. The latest support package…
