Australia Archive

Swan Says Australian Budget Surplus Goal Is Correct Strategy

Let’s hope ‘better lucky than good’ keeps working for them: Swan Says Australian Budget Surplus Goal Is Correct Strategy By Elisabeth Behrmann April 8 (Bloomberg) — Australia’s low unemployment compared with other industrialized nations and record investment make returning the budget to surplus the right strategy, Treasurer Wayne Swan said. “With solid ...Read More

News recap comments

The news flow from last week was so voluminous it was nearly impossible to process. For good measure I want to start today’s commentary with a simple recap of what happened. On the negative side – · Greece called a referendum and threw bailout plans up in the air taking Greek 2yrs ...Read More

Australia Unveils Biggest Carbon Plan Outside Europe – CNBC

If they were serious they’d stop exporting it: Australia Unveils Biggest Carbon Plan Outside Europe ...Read More

Australia’s Budget Will Make ‘Substantial’ Savings, Swan Says

The names of the nations change but the out of paradigm values are universal: Australia’s Budget Will Make ‘Substantial’ Savings, Swan Says By Gemma Daley May 8 (Bloomberg) — Australia’s budget will make “substantial” savings after revenue was crimped by a record exchange rate, the nation’s costliest natural disasters and Japan’s earthquake, ...Read More

Australia

I don’t follow it at all closely but in general they have been following a policy of budget surpluses and relying on increasing levels of private sector debt to sustain aggregate demand. That’s not sustainable, even for China’s coal mine, and especially with China showing signs of slowing down. Retailers cry poor ...Read More

CH News | Australia Has Record Trade Surplus on China Coal, Iron Demand

It’s good to be China’s coal mine. Though it does make Australia one of the world’s largest contributors to the increasingly unpopular emissions issues. Australia Has Record Trade Surplus on China Coal, Iron Demand Australia Has Record Trade Surplus on China Coal, Iron Demand By Jacob Greber Aug. 4 (Bloomberg) — Australia’s ...Read More

Aussies buy their own currency

[Skip to the end] “Australia’s central bank has intervened to support the tumbling Australian dollar, but failed to prevent its slide to five-year lows against the U.S. currency and its deepest-ever trough against the yen. “ This intervention has two purposes. One is to keep the decline orderly, the other is anti-inflationary, ...Read More