The election of Donald Trump and geopolitical volatility globally make it a scary time for people trying to manage their wealth and prepare for their retirement, says Janus Henderson’s Ali Dibadj.
As the superannuation sector’s value passes the $4 trillion barrier, it is nearing the moment where more cash will come out of the system than go in.
While there have been many attempts to calculate what tariffs on China would do to Australia, his announcement to also hit friendly nations Canada and Mexico is a sign of what is to come.
Jim Chalmers has praised the ‘very encouraging progress’ in the fight to curb persistent price pressures, even as more economists jettisoned their forecasts for rate relief in early 2025.
If you’re looking for a new career or a pay rise, now may not be the best time, a bleak new report on the Australian job market reveals.
Leading economists want action to rein in rising spending or increase revenue, as fresh Deloitte projections forecast a $33.5bn budget deficit this financial year.
Australia’s living standards are unlikely to return to pre-inflation crisis levels for several years – and maybe not until the end of the decade – according to exclusive analysis of RBA forecasts.
A pre-election burst in spending and a drop in company tax collections are expected to place further strain on the nation’s finances.
The Reserve Bank believes Donald Trump’s clean sweep will slow Australia’s economic growth and domestic inflation, driving down interest rates and the value of the Australian dollar.
The notion of an Elon Musk-style regulation buster with authority to drive changes would be welcome relief here.
Australia can either go down a US-style push to deregulate or continue its current European-style path of increasing regulations on business, says Cochlear CEO Dig Howitt.
It’s a big call by the bank regulator to use its boom time instrument to keep highly-restrictive settings on housing lending where no crisis exists.
Living standards in Australia during the inflation crisis have fallen more dramatically than in other OECD countries, with real disposable income down more than in the last four major recessions.
Australians are sick of having their health being used as a bargaining chip as hospitals and insurers face losing it all.
More regulatory scrutiny of the $4 trillion superannuation sector is warranted but widespread fear of systemic risk because of its sheer size is unnecessary.
One of Australia’s major banks says mortgage holders may need to hang on for another six months before getting a rate cut.
Warren Buffett derides it and Donald Trump supports it but whatever you think of cryptocurrency, the price of ‘digital gold’ is up and running again. So is it time to get aboard?
Jim Chalmers’ changes to the Future Fund have been denounced as ‘fiscal vandalism’ by John Howard, as he and fellow sovereign wealth fund architect Peter Costello lead a chorus of stinging attacks.
The Hilmer National Competition Policy reforms of the 1990s were a key driver in a surge of productivity growth that has underpinned Australia’s current prosperity.
Jim Chalmers is overhauling the investment mandate of the Future Fund to drive capital into Labor’s agenda, in a major shift in the role of the sovereign wealth fund established by the Howard government.
Original URL: https://www.theaustralian.com.au/business/economics/page/13