This Month
- Opinion
- Federal budget
Responsible economic management key to Albanese government’s agenda
There’s no shortage of challenges in the budget or the economy, but the mid-year budget update shows we are making encouraging progress.
- Jim Chalmers
- Opinion
- Australian economy
How Chalmers’ fiscal goals lost all ambition
It is striking how modest fiscal strategy ambitions have become. If we look back over 10 years, there are valuable lessons.
- Robert Carling
Investors pour $1.2b into riskier debt as rate rise fears fade
The chase is on for opportunities in emerging markets as the prospect of a soft landing in the US and interest rate cuts next year boost risk appetites.
- Leda Alvim
November
- Opinion
- Chanticleer
Are Goldman Sachs’ most powerful bankers being too hopeful?
The three global heads of its investment banking franchise say conditions for deal makers should improve next year as interest rates fall.
- James Thomson
- Opinion
- Chanticleer
Druckenmiller says investors still don’t get the Fed’s big problem
Wall Street rallying on the decision to keep US interest rates on hold proves Stanley Druckenmiller’s point: equity investors don’t appreciate the impact of higher rates on the economy.
- James Thomson
October
Ballooning debt could ‘come to a head’: Hockey
The former treasurer and ambassador to Washington worries that lax, spendthrift populism could turn unsustainable debt burdens into a default crisis.
- Hans van Leeuwen
- Opinion
- Bonds
Powell says three factors are behind the bond yield spike
US Federal Reserve chief Jerome Powell explains why longer-term bond yields are rising, including views of a resilient economy and fiscal deficit concerns.
- Matthew Cranston
US Congressional chaos could drive Treasury yields even higher
Bond markets are not pricing in the true cost of government debt amid put-of-control government spending and chaos in Congress, say experts.
- Matthew Cranston
- Opinion
- US politics
This is why Matt Gaetz just blew up Congress
The hardliner likes to portray himself as one of the last Republicans standing who cares about out-of-control government spending and the resulting build-up of sovereign debt.
- Updated
- Matthew Cranston
- Analysis
- US politics
Why McCarthy’s ‘clown show’ hardliners may still have the last laugh
US House Speaker Kevin McCarthy is leaning increasingly on Democrats to push legislation through Congress. Unhappy Republicans could seek to remove him.
- Matthew Cranston
September
Chalmers ‘not contemplating’ Future Fund liquidation
Treasurer Jim Chalmers has ruled out liquidating the $250 billion in assets held by the Future Fund to pay down government debt.
- Max Mason
Big government is back – how will we pay for it?
Countries are spending heavily on defence, welfare and the green transition. With debt levels already high, taxes look certain to rise.
- Emma Agyemang and Chris Giles
Liquidating Future Fund would cost taxpayers $200b: modelling
Liquidating the Future Fund to pay down debt could cost the nation $200 billion over the next decade, modelling commissioned by the fund shows.
- Phillip Coorey
August
NSW deficit to blow out to $2b: Treasury
NSW Treasurer Daniel Mookhey is under pressure to rein in spending after new Treasury modelling revealed a gloomy outlook.
- Samantha Hutchinson
- Opinion
- Chanticleer
What Ray Dalio got wrong (and what happens next)
Ray Dalio expected interest rates to have a much greater impact on the US economy – but that doesn’t mean the risk of a debt crisis has disappeared.
- James Thomson
‘Diabolical’: Perpetual strategist slams US fiscal policy
Matt Sherwood says governments should balance budgets when labour markets are strong to avoid fuelling inflation, after Fitch downgraded the US credit rating.
- Tom Richardson
- Analysis
- US Congress
US credit downgrade a warning to other nations in fiscal mess
America might be seen as fiscally undisciplined, but other countries trying to undermine the world’s biggest economy ought to take a look at themselves.
- Updated
- Matthew Cranston
Trump insurrection was factor in Fitch’s US downgrade
In a move that took investors by surprise, the ratings agency cut the United States to AA+, a move based partly on the former president’s violent attempts to cling to power.
- Davide Barbuscia
July
Goldman cuts odds of US recession next year to 20pc
Chief economist Jan Hatzius says recent data has reduced the likelihood of a sharp contraction in the world’s largest economy.
- Matthew Boesler and Ye Xie
- Opinion
- Opinion
America’s new exceptionalism is debt-financed
The US has started to look exceptional in a bad way. Once typical, it is now the biggest deficit spender in the developed world.
- Ruchir Sharma
