Around the year 800, the Tang dynasty in China ran into a small problem. They were running out of cash. Cash at the time being copper coins.
AUD News and Analysis
Stay up to date with the latest developments in relation to the Australian Dollar
When the next crisis hits, I sincerely hope society joins the dots and central bankers get the long-overdue loathing they deserve.
We interrupt Australia’s slow-motion descent into medical fascism to report on a big story from China. Greg Canavan reported on the looming collapse of property developer Evergrande last week.
I have friends and family who are still in Australia. I care deeply about what’s happening. It’s sad and unnerving to watch. But it’s a complicated issue.
Don’t believe it. As Jeff Snider points out in his blog, these economic activity readings are not slowing just because of China’s domestic situation.
The past 18 months have revealed deep divisions within Australian society, huge flaws in our political leadership, and weakness in our governance processes.
Money can’t buy happiness. Wisdom is a gift that’s been passed from generation to generation. Whether we accept the gift or not is an individual choice.
Producer prices are rising at an even faster pace — 7.3% year-on-year. Inflation has not gotten on the bus yet. At a 5.4% annual running rate, consumer prices are now rising about as fast as…
Even if the assumed earnings growth is correct (and you have to wonder how you get 7% earnings growth in an economy barely growing at 3%), this is only one-half of the mat