Australia has done exceptionally well riding China’s economic boom. But the political and economic uncertainty surrounding the world’s two biggest economies – the US and China – point to tougher times ahead. The property bust and the slump in construction is cause for alarm for Australian miners. Construction in May was about 80 per cent … Read more
2023 has been a year of debt charge rate hikes, rising house prices and unemployment at near 50-year lows. There’s been a change of the guard at the Reserve economic organization, which has declared inflation public enemy number one. Subscribe: http://ab.co/1svxLVE The challenge for the new RBA governor Michele Bullock is not to tip the … Read more
What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, exports, and exchange. So, you remember the specialization and trade thing, right? So, that leads to imports and exports. Economically, in the aggregate, this is … Read more