You're not as rich as you think you are
The idea that the world is awash in savings and we're wealthier than ever is, on the surface, a persuasive one. Too bad it may not be true.
The Economy
UN fears third leg of global financial crisis
The world will soon need a massive and co-ordinated spending push by governments to bring the broken global system back into equilibrium.
The professions where 76,000 new jobs are
Non-routine jobs are becoming steadily more important.
Philip Lowe makes a good first impression
First impressions count, and at his first public outing as the Reserve Bank governor, Philip Lowe was determined not to waste his.
Help me out, run up more debt, says RBA boss
Incoming Reserve Bank chief Philip Lowe has appealed to the Turnbull government to help him out with economic management by borrowing big for infrastructure, saying there's only so much further cuts in interest rates can do.
We are not 'inflation nutters', RBA's Lowe says
In his first public comments as new RBA chief, Philip Lowe says the RBA doesn't see its job as always keeping tabs on price growth and isn't too worried about the housing market.
Rates are low, so borrow and spend, says OECD
The OECD has pointed to a way out of what it calls a 'low-growth trap' where persistently weaker than expected economic growth weighs on expectations.
Labor and coalition agree to keep tax lurk
If the government and Labor were serious about budget savings, they could agree to scrap a $1.8 billion tax lurk that benefits the few at the expense of the majority.
Why these economists believe the US Fed will shock markets
Barclays and BNP Paribas are betting against their peers and the bond market by forecasting the US Fed will raise rates this week.
RBA not fazed by housing price rises
The Reserve Bank is not fazed by rising housing prices or by the high auction clearance rates reported recently.
Small business optimistic before Christmas
Interest rate cuts and the expectation of stronger sales in the lead-up to Christmas are boosting small and medium size business confidence.
China snaps up stake in Port of Melbourne
The Future Fund, Queensland Investment Corporation and one of China's biggest sovereign wealth funds have snapped up the Port of Melbourne for a whopping $9.7 billion.Â
The 'rate cut now!' chorus just lost its rhythm section and horns
The central bank's inflation targeting has been loosened a touch to start Phil Lowe's term as governor.
10 things you didn't know about the new RBA power duo
This weekend marks the end of an era as Glenn Stevens hands the keys to the RBA to Philip Lowe and Guy Debelle. Here are 10 things you probably didn't know about the new leadership team.
The house price souffle is rising again
The first two weeks of spring have brought with them an ominous threat - that house property values are getting a second wind in the already blustery property market.
Meet the odd couple who'll be running our central bank
Philip Lowe and Guy Debelle have contrasting approaches but both are highly regarded and bring a high level of expertise to their jobs.
Australia in tax treaty talks with Israel, says Morrison
The Turnbull government will introduce a tax treaty between Australia and Israel to improve business relations between the two countries and ramp up Australia's innovation push.Â
Criminal charges relating to Panama Papers could take years: ATO
Criminal charges against Australians with links to the Panama Papers could take years to eventuate, says ATO deputy commissioner Mark Konza.
London is burning, we should be looking to an Asian haven
I'm not so sure that we should be rushing around publicly pursuing this free trade deal with London.
Did the RBA signal the end of rate cuts?
Well, not exactly no-one. Goldman Sachs chief economist Tim Toohey reckons the speech RBA assistant governor Chris Kent delivered on Tuesday amounts to an explicit shift to a neutral policy stance.
Australia employment unexpectedly contracts, slack persists
Australia's jobless rate hit a three-year low in August.
Employment unexpectedly dips, jobless at three-year low
Employment dipped unexpectedly in August yet the jobless rate still ticked down to the lowest in three years at 5.6 per cent as fewer people looked for work, a mixed report that nudged the local dollar lower.
Consumer confidence edges higher, helped by low rates
A measure of Australian consumer sentiment edged higher in September as an improvement in personal finances made people more likely to splash out on big ticket items, a survey showed on Wednesday.
No 'assurance' ATO is doing its job: Auditor-General
Hundreds of millions of dollars of revenue that was reported as flowing into the federal government's coffers isn't actually there.
One year on, we're still waiting for economic leadership
For all his talk last year about explaining complex issues and building a case, Malcolm Turnbull has done it rarely.
Credit rating downgrade would have 'very little to no' impact
The man responsible for managing the nation's credit card says a credit downgrade would have "little to no" impact on the government's cost of borrowing.
China factory output, retail sales beat expectations
China's industrial output grew the fastest in five months in August as demand for products from coal to cars rebounded thanks to higher government spending and a year-long credit and property boom.
Overdue for a payrise? There's good news around the corner
Turn that frown upside down: the Aussie economy is showing flickering signs of life.
Why your car insurance might not be worth a great deal
Buying a car will be for many people the first major financial decision they make. And for a lot of them, it might also be their first financial mistake, according to a new ASIC report.
The trumpet player, the governor and the market's red ink day
Living in Australia, there's a danger of taking James Morrison for granted. Glenn Stevens has become a bit like that too.
Small Business
'Crappy sprinkler systems' inspires invention
The classic suburban challenge of keeping the lawn green sparked the idea behind Sprinkl.
How Australian exporters handle the 'tyranny of distance'
Sophisticated online marketing is the key to success.