News archive from 9 March 2013

This time, it really is going to be different

This time, it really is going to be different

'Why did nobody see it coming?'', the Queen asked four years ago on a visit to the London School of Economics - a brilliantly faux naive question that cruelly exposed the failings of modern economics. Well, here's another in a similar vein she might...

 

GDP figures show non-mining sector is doing the crawl

THE world is a complicated place - and the Bureau of Statistics' national accounts are more so. Sometimes they're better than they look, but the figures we got this week aren't as good as they look. On their face, they say real gross domestic product...

 

This time, it really is going to be different

Investors are pumping money into equities even as countries such as Britain stay mired in recession. Photo: Bloomberg 'Why did nobody see it coming?'', the Queen asked four years ago on a visit to the London School of Economics - a brilliantly faux...

TheAge, 00:18 in Business
 

GDP figures show non-mining sector is doing the crawl

THE world is a complicated place - and the Bureau of Statistics' national accounts are more so. Sometimes they're better than they look, but the figures we got this week aren't as good as they look. On their face, they say real gross domestic product...

TheAge, 00:18 in Business
 

This time, it really is going to be different

Investors are pumping money into equities even as countries such as Britain stay mired in recession. Photo: Bloomberg 'Why did nobody see it coming?'', the Queen asked four years ago on a visit to the London School of Economics - a brilliantly faux...

 

GDP figures show non-mining sector is doing the crawl

THE world is a complicated place - and the Bureau of Statistics' national accounts are more so. Sometimes they're better than they look, but the figures we got this week aren't as good as they look. On their face, they say real gross domestic product...

 

Tokyo shares set to continue upward run

JAPANESE shares are expected to make further gains next week, with sentiment remaining positive after stocks hit levels not seen since before the 2008 collapse of Lehman Brothers, brokers say. Over the week, the benchmark Nikkei 225 index jumped...

 

US jobless rate falls to 2008 level

THE US has announced better-than-expected jobs data, with the unemployment rate falling and solid jobs growth in February. The jobless rate fell to 7.7 per cent, from 7.9 per cent in January, and a net 236,000 jobs were gained, the government said on...

 

US stocks open higher

US stocks have opened higher as a surprisingly strong jobs report suggests the economic recovery is on track. The monthly jobs report said the unemployment rate fell to 7.7 per cent from 7.9 per cent, while the net number of jobs gained came in at...

 

This time, it really is going to be different

The textbook answer to this question is that share prices don't reflect the world as it is, but as investors expect it to be a year or two from now. Markets are forward-looking indicators, not backward ones. There is also a large element of relief in...

 

Slow start to week but US surge drives market to highs

The tough bundle of policies - including a strict enforcement of a 20 per cent capital gain tax on Chinese property sales -resulted in the local sharemarket losing 1.5 per cent, and the dollar dropping below a key level of US101.5¢ on Monday. But...

 

GDP figures show non-mining sector is doing the crawl

Since the economy's trend (medium-term average) rate of growth is about 3.25 per cent a year, that doesn't look too bad. The worry is, a lot more than half that growth occurred in the first half of the year, with growth in the last quarter of just 0.6...

 

Despite rocketing highs, it's still a dog-eat-dog universe

But can you hear that niggle in the back of your investment brain that says, ''This is ridiculous''? Can you hear Mr Spock telling Captain Kirk that the Starship Dow Jones is at risk of losing propulsion because it has reached the limits of the known...

 
Plaza revamp heralds new optimism in west

Plaza revamp heralds new optimism in west

AN AGEING Footscray shopping centre that fund manager Australian Unity sold to developer Banco in 2010 is set to be redeveloped into a $100 million-plus, 10-level mixed-use complex with 234 flats. The Footscray Plaza, on an island site bound by...

 
Bank-land, a fey world that doesn't add up

Bank-land, a fey world that doesn't add up

MODERN thinking portrays the Land of Narnia as a mythical place, a place vivid in the imagination of children, but not a real place manifest in scientific reasoning. The Australian Bankers' Association will not hear a word of it. Narnia - with all its...

 
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