Australia’s building industry shrank for a 12th month in May as higher borrowing costs and consumer caution weighed on construction, a private survey showed. Continue reading
Tag Archives: inflation
Inflation and debt could derail China
Credit downgrades can elicit fascinating reactions. Take a January move by Standard & Poor’s to cut Japan’s rating to the same level as China’s. I expected the backlash to come from Tokyo. Instead, it was the Chinese who were aghast. Continue reading
All signs point to growth slump
The expected contraction of the economy in the March quarter looks likely to be deeper than previously anticipated while the early signs of the subsequent recovery are not encouraging. Continue reading
Be afraid: a new ‘Ice Age’ is coming
Sharemarkets ended 2010 on an upbeat note and there is an air of optimism among investors and a confidence among economists that a double-dip recession has been avoided. A tough moment, then, to be bearish? Continue reading
Risks in the Market v The Aussie $
The risk of an Irish debt default is unlikely to cause a sustained pullback in Australian shares, but the local dollar may lose some of its recent strength, analysts say. Continue reading
Interest rates heading for 10 per cent, experts warn
MORTGAGE rates are predicted to hit a horror 10 per cent within the next two years as the Reserve Bank hikes rates to prevent runaway inflation. Continue reading
Construction slides as affordability worsens
The prospect of relief for Australia’s affordability housing shortage has dimmed, despite low interest rates and government grants for homebuyers. Continue reading
Recovery not felt in largest sector of the economy
The Australian Industry Group-Commonwealth Bank of Australia performance of services index is for the third month running below the 50-point line. That means the services sector of the community is in contraction rather than expansion. Continue reading
China Warns of Double Dip Recession
CHINA’S Premier, Wen Jiaboa, has warned that the world risks sliding back into recession and says his country faces a difficult year trying to maintain economic growth and spur development. Continue reading
GFC Crisis hit younger harder
The GFC hit younger Australians hardest last year, pushing more of them onto government benefits and slowing their wages, a new report shows. Continue reading
CRS Warner Kugel trading as The Insolvency Experts © 2011. All rights reserved