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It'll probably do well out of the government today, even though its future looks bleak. It was Keivn Rudd who said, "I don't want to be Prime Minister in a country where we don't make things anymore".
Australia’s inflation rate is set to hit a long-term high of 5 per cent when the figures are unveiled tomorrow – well beyond the Reserve Bank’s target zone. But the Bank is expected to keep on cutting Australian interest rates...
The Opposition and a growing body of economists are calling on the government to release the economic forecasts behind this week's $10.4 billion stimulus package as speculation swirls around what they might contain.
That's how things are looking. Paul Krugman explains:"..the relationship between Fed funds rates and the rates most businesses actually pay is very weak right now, thanks to the messed-up state of the financial system.
Over the past year, the US financial system has faced its most challenging conditions for many decades, prompting exceptional responses from the US authorities.
HT: Mumbrella
Meantime the bank has removed from its website another ad featuring its moved-on retail chief Peter Hanlon.
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HT: Mumbrella
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Peter Martin is economics correspondent for the Sydney Morning...
What's dumb about the Premier's jobs press release?
Hint - she has highlighted the relevant sentence in bold:
091210 Premier Welcomes Employment Data
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According the Bureau's flawed "trend"
In any event the underlying news IS really, really good
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Michael Evans in BusinessDay:
Westpac customers, and even the Prime Minister, Kevin Rudd, are now picking apart the bank and its image-conscious boss - who was once carried into a St George staff Christmas party dressed as Cleopatra sitting on a...
