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.
Faith in the competency of central banks should have ended when this statement was proven to be completely and utterly wrong: ‘We do not expect significant spillovers from the subprime market to the rest of the economy.’ Chairman Ben Bernanke, US Federal Reserve, May 2007 Those who trusted Bernanke (the most powerful banker in the […]
Power company AGL Energy’s [ASX:AGL] stocks were falling this morning after the company released its full-year 2022 results with underlying profit down 58%.
What if, in September 1929, you are a highly regarded Yale University economist who believes ‘shares have reached a permanently high plateau’?
Oil and gas producer Beach Energy [ASX:BPT] fell more than 12% on Monday after FY22 production disappointed.
Telecom giant Telstra [ASX:TLS] released its FY22 results today, reporting a dip in total income, NPAT, and EBITDA for the 2022 financial year but a higher dividend.
US inflation for July has officially cooled to 8.5%. That’s a decent reprieve from the 41-year high figure of 9.1% in June. For investors, this is a good sign that ‘peak inflation’ may really be behind us.
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