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How will the Reserve Bank of Australia (RBA) balance the risk of a Sydney housing “bubble” against the otherwise sluggish Australian economy? Yesterday (Monday 1st June, 2015) Treasury Secretary, John Fraser, declared that Sydney and parts of Melbourne were “unequivocally” a residential property bubble. He not only warned of a bubble but said there was …
Are you one of the winners or losers from this year’s budget? This years federal budget is more subdued than last year’s budget, with small business and national security being the big winners. Below is the complete source of Australian Federal Budget 2015 reference documents you need to understand Treasurer Joe Hockey’s second budget, and …
While Greece continues to struggle to secure a deal on it’s debt obligations, Standard & Poors today (16th April 2015) have further downgraded Greece’s long & short-term sovereign credit ratings to ‘CCC+/C’ from ‘B-/B’, citing worsening economic conditions due to prolonged negotiations between the government and creditors. “Without deep economic reform or further relief, we …
