John W. Diamond Director of the Center for Public Finance at the Baker Institute Rice University Convening war rooms, planning speedy bailouts and raising house-on-fire alarm bells: Those are a few of the ways the biggest banks and financial regulators are preparing for a potential default on U.S. debt.
Sir Bob Jones nopunchespulled.com Students of social and economic history will see ominous signs reminiscent of 1929 currently in America. After the boom 1920s, seemingly overnight it all fell apart leading on to the Great Depression of the 1930s. From the President downwards, initially, numerous commentators, all, as subsequent
It appears that Anthony Albanese and Jim Chalmers have made the same mistake as the Liberals: taking their traditional base for granted. Where the Liberals have deserted traditional conservatives, Labor have for even longer abandoned the blue-collar working-class. This is nowhere more apparent than in last week’s budget. And
It seems too good to be true: a Labor Treasurer delivering a budget surplus. It would, after all, be the first time that’s happened in nearly 40 years. Like all such fairy stories, if it sounds too good to be true, well, it kinda sorta isn’t… not wholly
The Sofronoff Inquiry into the handling of Brittany Higgins’ failed rape accusations just keeps on delivering. On the fourth day of questioning, the ACT Director of Public Prosecutions was squirming harder and faster than ever. On Wednesday, he sensationally claimed that there was a “political conspiracy” to stop the case
Don Brash bassettbrashandhide.com Some months ago, this blog reprinted the final chapter of my autobiography, Incredible Luck. The chapter was headed “Does democracy have a future?” and dealt with the inherent temptation for elected governments to bribe voters with their own money. I quoted the great 19th century French
The sense is growing that Australian Treasurer Jim Chalmers’ second budget is not at all what the government is claiming. Far from a triumph of good economic management, economists are calling it a “smoke and mirrors” budget, with a “surplus” that amounts to little more than an accidental windfall of
The Albanese government’s demented climate policies are helping drive the cost of living for Australians through the roof. So, the government is throwing money back at Australians as “cost of living relief”. To pay for the “relief”, they’re jacking up taxes on energy, which will… You get the
Somehow, it’s hard to be quite so hoopla as Zippy and Albo are at their “budget surplus”, when mortgages, power bills, fuel prices and grocery prices are zooming into the stratosphere. Especially when the “surplus” is entirely a chimaera of creative accounting and tax gouging, and splashing benefit handouts
lindsaymitchell.blogspot.com Earlier this week Ngati Kahungunu and Project Gender released the Mako Mama Mangopare Single Parents Project. The research is based on seven focus groups and an online survey of 3,545 single parents which asks about their circumstances regarding income, work, health, experience of discrimination and domestic
I can’t recall a time when inflation was so shockingly obvious, so astonishingly fast. I’ve lived through my share of economic cycles. I was too young to really notice the stagflation of the 1970s, but I graduated into the recession of the early 80s. I well recall a
As Australia’s economy sinks deeper and deeper into the mire, the Albanese government’s training wheels are spinning and going nowhere. Just digging us in harder. As for Anthony Albanese himself? Mr 32% is coming across as clueless as his Arts grad Treasurer. As Australia’s infrastructure teeters on
Simon Angelo Editor, Wealth Morning WealthMorning.com This article is general in nature and should not be construed as any financial or investment advice. Did you complete your 2023 census? Are you one of the ‘over 4 million’ thus far? This year’s form seemed more invasive. More complex. It
The number one issue for the election is going to be the cost of living crisis, fuelled by this spendthrift Labour Government and their wasteful spending and policy settings. Law and order will be very close to cost of living, but it will be cost of living that will be
