Is a GFC 2.0 on the Horizon?
Central banks around the world used stimulus packages to boost their economies and in Australia, it also kept us out of a recession. For this to work, countries had to spend money, which has led to debt.About Alana Sumic
Alana Sumic is part of the editorial team here at Money Morning. She contributes to bringing you Money Morning each day, along with all of Port Phillip Publishing’s many other publications.
As the Editor of the weekend edition of Money Morning Alana brings you a summary of the news for the week, and her own take on the week’s most important story in markets. She is also a writer and editor for Port Phillip Publishing’s political publication, The Australian Tribune.
Central banks around the world used stimulus packages to boost their economies and in Australia, it also kept us out of a recession. For this to work, countries had to spend money, which has led to debt.Is the Housing Market Crash Already Happening?
For over a decade, Australia’s housing prices were on the up. They soared higher, in absolute terms and in comparison to incomes, than Aussie real estate markets had ever been. What a Trade War Could Mean For You!
But as KPMG put it, an ‘all out’ trade war doesn’t just include the US and China. There have been many countries that have been affected by the Trump administration’s tariffs on steel and aluminum.How China’s Distrust in Chinese Products Benefits Australia
You may remember a few years ago the Chinese lost their trust in locally produced products after mass death and illness was caused by contaminated baby formula. But it’s not only baby formula that the Chinese have been lied to about.Turkey’s Crisis Could Cause Domino Effect
This week however, Turkey is at the forefront of economic minds everywhere. While the US dollar has strengthened this year, the Turkish lira has dropped dramatically. In fact, ABC News reports that it has dropped roughly 40% against the US dollar.The Plan That’ll Wipe Out 4% of the World’s Trade
Trump’s continued threats of a trade war outbreak could have damaging and lasting effects on global GDP. And while Trump has yet to impose many of his planned trade tariffs, it could drastically impact nations all across the globe.Have CBA Saved Themselves from Regulators’ Wrath?
The Commonwealth Bank of Australia desperately needs to restore public trust and avoid negative publicity. This means splitting themselves up and creating a brand-new company called CFS Group. Will it work?The Benefits of a Legal Drug Deal
Australia has legalised medicinal marijuana, however, there are still a number of hoops that patients — and parents of patients — have to jump through before it’s allowed by law. With so many nations wanting to get on board, there’s been a huge global push for the product. So what does that mean for Aussie investors?How Would You Choose to Punish the Banks?
The big banks and financial institutions of Australia have been hung out to dry. The systematic rorting of Australians by these banks has been exposed for all to see. It has been well publicised what the Commonwealth Bank of Australia (CBA) did to their customers.Why Banks and Government Want High House Prices
Without a rising and stable real estate market, the economy will suffer. Both federal and state governments benefit from higher property prices. They can generate more fees and taxes from higher land prices, allowing more money to flow through to governments.