AUSTRALIAN households have lost an extraordinary 36 per cent of their financial wealth since the economic crisis began. Estimates from the Australian Bureau of Statistics put combined household wealth at just short of $787 billion at the end of March, down from a peak of $1246 billion in September 2007. …
The ABC has been airing a six part series titled “The Ascent of Money”. This series is presented by Professor Niall Ferguson and follows the evolution of Money. Last night’s episode was called “Safe as Houses” and is worth a watch.
AUSTRALIA’S sharemarket will halve in value, house prices will slump as much as 40 per cent and unemployment will climb to 10 per cent. That’s the bold prediction from economic forecaster Harry Dent, who says a bigger crash is ahead for the global economy within the next two years. » …
Earlier this year, there was a lot of speculation and warning that the First Home Owner’s Boost would turn the First Home Buyers segment of the market into a subprime bubble. Data from the Australian Bureau of Statistics is now coming out which will confirm these fears. On Wednesday, the …
Copyright 2006 - 2022