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Economic Groupthink: a dangerous trend.

Posted by Greg Atkinson on Dec 2nd, 2008

One of the worrying trends that has emerged in Australia during 2008 is the way the government has created an atmosphere that is conducive to groupthink behaviour. Views that are not aligned with “Rudd’s World” are attacked as reckless or irresponsible by the government, and the mainstream media appear willing to slap down any dissenting [...]

Economic Recovery Advisory Board (ERAB) - Brilliant or more Bureaucracy

Posted by andyfvp on Nov 27th, 2008

In a continuing revelation of the economic team(s) to support his administration and its policy development, President-Elect Obama announced the formation of a new panel called the Economic Recovery Advisory Board (ERAB). The board’s mission will be to give President-Elect Obama and his administration expert “outsider” policy advice on lifting the nation out of the [...]

Politicians: we get what we deserve.

Posted by Greg Atkinson on Nov 23rd, 2008

There is nothing like a global crisis to showcase the shortcomings of elected representatives all around the world. In the U.S. we have seen lawmakers grilling bankers for a crisis that was largely caused by the actions of Congress and the Clinton Administration whereas in Australia we have seen the government make a number of [...]

The G-20, bad news and further stock market falls.

Posted by Greg Atkinson on Nov 21st, 2008

Well the market has continued to fall during the past few weeks and now I am starting to wonder if we will even see the bear market reach a bottom this year. You might recall I was counting on the market to rally by now so clearly events have not worked out as I expected. [...]

Two faces of the China growth story

Posted by cij on Nov 20th, 2008

Everyone is familiar with the China growth story. In fact, this story is so familiar that it is very easy to miss this subtlety- the ‘China’ in the China growth story has two faces to it. It is easy to see one face of ‘China’ and treat that face as the monolithic whole for the [...]

Presidential Advice from the Economy to Health Care

Posted by andyfvp on Nov 20th, 2008

This article is part of a group writing project at The Finance Blog Network aimed at providing some of our thoughts on key issues that the Obama administration faces. It was interesting to see all the different points of view, but one thing I think we can all agree on is that the time for [...]

We’re All Suckers

Posted by Debbie on Nov 12th, 2008

Here’s a headline to warm your cockles, “US car giants ‘laugh at Aussie suckers.’” The Australian newspaper tells us that “former managing director of Mitsubishi Australia Graham Spurling said the car companies would get a “free ride” from the Rudd Government on research and development.”
Obviously having a domestic manufacturing industry is important. And it is [...]

Economic forecasts, estimates and models.

Posted by Greg Atkinson on Nov 7th, 2008

It seems that 2009 is going to be one those years where economists,politicans and investors etc. will find out just how inaccurate most economic forecasts really are. In the good years if growth estimates for the economy are off the mark nobody seems too stressed, but when economic conditions deterioate people tend to get more [...]

America - The Bailout Nation

Posted by andyfvp on Sep 25th, 2008

To save the economic and financial future of America, the US government is taking over the financial system by changing the rules and becoming the backstop for all the junk in the current financial system. While this may save them in the near term I think it is going to put America in a big [...]

Boom in Asian Economies Set to Benefit Australia

Posted by Debbie on Sep 21st, 2008

This is all a very roundabout way of saying the global economy is destined to take an even bigger shift across the Pacific towards Asia. The urbanization of Asia nations and growing wealth - remember, they’ve been saving while the West has been spending - of individuals will compensate for lower demand out of North [...]

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