Keywords: Global Financial Crisis

There are more than 200 results, only the first 200 are displayed here.

  • ARTS AND CULTURE

    Our hopes and fears for 2022

    • Barry Gittins
    • 14 January 2022

    We’ve been in a pressure cooker, these past two years. More than a score of historians had memorably described 2020 as the sixth-most ‘stressful year ever’. Predictions and speculations look ahead; I looked at the past trends of the past two years and make these humble observations. With the stage set for dire times, here are six trends to look for in 2022. Here’s hoping.

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  • ECONOMICS

    Why Australia’s rural sector is ripe for financial reform

    • David James
    • 06 December 2021
    1 Comment

    If Australia does draw back from globalisation — as opposed to trade, which will continue — then there should be more focus on our primary sector and how it could be better financed. Australia’s long history as a primary producer constitutes what economists call a ‘comparative advantage’: an economic area in which a country does best while giving up the least.

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  • ECONOMICS

    Climate change trillions

    • David James
    • 08 November 2021

    The Glasgow United Nations Climate Change Conference has been advertised as an effort to focus on sustainable environmental solutions. What got much less attention, if any, is that it is probably at least as much about having a sustainable financial system. Many noted that China, did not send its leader: Xi Jinping, president of the world’s greatest CO2 emitter. There was also another significant absence: the financiers who are hoping to profit from the trillions allocated into climate change projects.

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  • ECONOMICS

    A strange financial circus

    • David James
    • 12 October 2021
    3 Comments

    Over the last two years, money printing has created the illusion of strength in savings. But when reality resurfaces, and actual returns are required from actual economic and business activity, the global financial system will come under extreme stress. 

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  • ECONOMICS

    Why inflation isn't higher

    • David James
    • 12 August 2021
    4 Comments

    The biggest mystery of the financial markets is why, when the monetary authorities have been printing money with their ears pinned back, is inflation for the most part not a problem? What happens with inflation is crucial to the short-term survival of the whole system. Global debt, which is running at well over 300 per cent of global GDP, is only sustainable because interest rates are exceptionally low (the base rate in Australia is only 0.1 per cent). And interest rates are low because inflation is not a problem.

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  • ECONOMICS

    Teetering on the financial brink

    • David James
    • 08 June 2021
    4 Comments

    An often overlooked fact about the financial system is that it entirely depends on trust. When trust starts to evaporate, especially between the big players such as banks and insurance companies, the whole artifice is put into peril. Trust in the system is now at an extreme low and that points to extreme danger.

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  • ECONOMICS

    The economy is never as good as it looks and never as bad as it seems

    • David James
    • 04 May 2021
    2 Comments

    But although the Coalition will never admit it, it looks suspiciously like there has been some bipartisan institutional learning about how to manage financial crises. If you want to stimulate an economy in times of crisis put the money directly into the economy, either into people’s pockets or to businesses who then pass it on to workers.

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  • AUSTRALIA

    Pragmatism: obscuring ideology in Australian politics

    • Benedict Coleridge
    • 09 February 2021
    30 Comments

    The celebration of pragmatism in Australian politics obscures the role that ideology has always already played. In fact, one of the more stealthily ideological moves in Australian politics, generally made within that swirl of commitments people call ‘centrism’, is the de-politicisation of policy — the attempt to present policy as responsive to natural imperatives rather than to specific values and ideals.

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  • ECONOMICS

    Finance needs common sense, not cleverness

    • David James
    • 10 December 2020
    1 Comment

    The world’s financial markets are afflicted by a deep irrationality that imperils their very existence. On the surface, finance looks logical enough with its numbers, charts, mathematics, forecasts, ‘modelling’ and so on. But this only masks the fact that the system itself has been working on underlying assumptions that are either contradictory — such as that you can ‘deregulate’ finance when finance consists of rules — narrow minded or absurd.

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  • CARTOON

    A muted response

    • Fiona Katauskas
    • 08 December 2020

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  • ECONOMICS

    Until debt do us part

    • David James
    • 20 October 2020
    3 Comments

    The global economy was already teetering on the edge of such a debt crisis before the coronavirus hit. The economic shutdowns have accelerated the damage.

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  • ENVIRONMENT

    Climate truth should guide recovery spending

    • Various
    • 18 September 2020
    3 Comments

    The pandemic has afforded us a preview of how a crisis plays out when the science is not properly heeded. The overwhelming majority of climate scientists have long been sounding the alarm that the health and safety of large parts of the population are at serious risk, both here and around the world. We are already seeing the damage to health and to the environment that they predicted.

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