Waning appetite N Korea’s $10 trillion problem

This picture taken on August 9, 2017 and released by North Korea's official Korean Central News Agency (KCNA) on August 10, 2017 shows a rally in support of North Korea's stance against the US, on Kim Il-Sung square in Pyongyang. North Korea on August 10 said US President Donald Trump was "bereft of reason" and would only respond to force, as it elaborated on a threat to attack the US Pacific territory of Guam. / AFP PHOTO / KCNA VIA KNS / STR / South Korea OUT / REPUBLIC OF KOREA OUT ---EDITORS NOTE--- RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO/KCNA VIA KNS" - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS THIS PICTURE WAS MADE AVAILABLE BY A THIRD PARTY. AFP CAN NOT INDEPENDENTLY VERIFY THE AUTHENTICITY, LOCATION, DATE AND CONTENT OF THIS IMAGE. THIS PHOTO IS DISTRIBUTED EXACTLY AS RECEIVED BY AFP. /
IF DONALD Trump delivers on his promise of “fire and fury” to wipe out the North Korean regime, the world would face a $10 trillion catastrophe.

Jason Murphy How China could bring us down

A Chinese national flag flies above a cloudy Shanghai. Many foreign investors worry that Chinese corporate bonds are shrouded in too much secrecy. PHOTO: ASSOCIATED PRESS
THE Chinese economy could collapse within months, according to this US hedge fund. And it will bring Australia down with it.

10 years on Why the GFC could happen again

Traders work on the New York Stock Exchange floor, New York, 06/10/2008. Wall Street tumbled again, joining a sell-off around the world as fears grew that the financial crisis will cascade through economies globally despite bailout efforts by the US and other governments.
RUMOURS swirled on the floor of the world’s biggest banks 10 years ago. Now experts reveal what really happened and how it could again.

Population growth Australia’s shock transformation

vic before after pic sliders
AERIAL photos of Australia’s top 10 fastest growing regions show just how much the country has changed in just five years.

Plan ahead How to survive a housing crash

Flying over the suburbs of Melbourne
WHAT if disaster does strike and house prices fall dramatically. You don’t want to be caught in the middle of this nightmare scenario.

‘Bolivarian Revolution’ Country on the brink of collapse

TOPSHOT - Opposition demonstrators burn a tire during an anti-government protest in Caracas, on July 26, 2017. Venezuelans blocked off deserted streets Wednesday as a 48-hour opposition-led general strike aimed at thwarting embattled President Nicolas Maduro's controversial plans to rewrite the country's constitution got underway. / AFP PHOTO / RONALDO SCHEMIDT
IT’S the world’s newest dictatorship, where starving citizens are eating dogs to survive — but these Aussies still support the regime.

Jason Murphy How Aldi is pushing up house prices

113 Prospect Rd, Newtown for Geelong Advertiser real estate section
AUSTRALIA has a weird problem. Our cheap products, which sound great in theory, are actually pushing up house prices.

HILDA survey Depressing new stats for Gen Y

Smashed avocado investigation cheapest in Sydney
HOME ownership among young Australians has rapidly declined and incomes have flatlined, with many set to pay rent well into retirement.

Business Bunnings victim of tradie tax scam

130-138 Bromfield St, Colac, Colac Bunnings, for Geelong Advertiser real estate section.
BUNNINGS is the victim of a huge tax scam amid accusations that tradies are using the company to rip off the tax office.

Rate hold One year since interest rate cut

Basket of basic grocery items that have increased in price much higher than the cpi 14 Jul 2007. groceries cost food basket /Food
THE Reserve Bank has left the official cash rate on hold at its record low of 1.5 per cent, marking one year since the last move.

Black economy Plan to punish you for using cash

Generic image of handing over the cash in Australian currency
A PLAN to punish customers who pay in cash and forget to get a receipt has been slammed as “completely unfair”.

All about trusts Shorten to end $17.2b tax loophole

Federal Opposition leader Bill Shorten is seen at Socobell original equipment manufacturer (OEM) in Melbourne, Monday, July 24, 2017. Shorten says the federal government is unprepared for the forthcoming cessation a car manufacturing in Australia. (AAP Image/Julian Smith) NO ARCHIVING
BILL Shorten is reportedly set to close tax loopholes that allow high income earners to use trusts to slash their tax bills in a move that could save $17 billion.

Currency gains Dollar flying but for how long?

Australian Currency
TRAVELLERS are toasting a financial windfall as the Aussie dollar defies forecasts to trade at a two-year high. But economists say the party probably won’t last.

Socialism kills Worst ‘Despacito’ remix yet

Luis Fonsi, Daddy Yankee
THERE’S a new take on the hit Latin pop song “Despacito”, and this one is not garnering accolades from its producers.

State of the States Map shows Victoria is catching NSW

Supplied CommSec State of the States report
A STATE-BY-STATE league table has revealed Victoria’s economy could soon “challenge” NSW’s. But there could be problems coming.

Economic issue Killer crisis coming to Australia

Too many hours in the office
AMERICA’S opioid crisis is getting so bad, it’s beginning to hurt the economy — and Australia may not be far behind.

North Korea The handshake you won’t see again

Kim Jong Il, Kim Dae-jung
IF YOU’RE old enough to remember this moment, you know it was a big deal. But there’s a reason why it won’t be repeated soon.

‘Significant danger’ Bill issues warning to rich Aussies

Leader of the Opposition Bill Shorten speaks during the Australian Clean Energy Summit 2017 in Sydney on Tuesday, July 18, 2017. (AAP Image/David Moir) NO ARCHIVING
OPPOSITION Leader Bill Shorten has just nominated the “biggest threat to our health as an economy and our cohesion as a society”.

Jason Murphy Big warning if you have mortgage

60 Isabella St, Geelong West, sold for $1.05 million at auction. Low res. For Geelong Advertiser real estate section.
THE PM has quietly issued a warning on house prices and if you have a mortgage, listen up. All the signs point the same way.

Jason Murphy Where you should travel right now

Boogie boarding Waikiki
EXPLOIT the high Aussie dollar while you can. These destinations are suddenly cheap and they’re the best way to get bang for you buck.

Currency exchange How high will the Aussie dollar go?

Six stacks of gold coins shows growing funds
IN an unexpected boon for travellers and online shoppers, the Australian dollar has, in the past 10 days, steamed in one direction: up.

Belt and Road $1 trillion plan to redraw map

Supplied Editorial one belt one road
IT’S a $1 trillion plan that could redraw the map and mark a global tipping point. Here’s what you need to know about the game-changer.

Population explosion Debate we’re not allowed to have

Shopping crowds
AUSTRALIA is bursting at the seams, but no one will talk about mass immigration for fear of being branded “racist”.

Pooh pooed China bans Winnie the Pooh

Winnie
OH, bother. Internet users in China have been banned from posting memes comparing Winnie the Pooh to President Xi Jinping.

Housing warning ‘Gravity catching up to stupidity’

A "For Sale" sign is displayed outside a terrace house in the suburb of Woollahra in Sydney, Australia, on Thursday, June 18, 2015. Surging home prices in cities including Sydney are unlikely to be affected by the banking regulator's efforts to curb mortgage lending to investors, according to National Australia Bank Ltd. Photographer: Brendon Thorne/Bloomberg via Getty Images
HOME building will further slow amid signs that “gravity may soon start to catch up with stupidity” in the Australian property market.

Defector insight Man made millions for Nth Korea

Ri Jong-ho has revealed how he sent millions of dollars from China to Beijing. Picture: Screengrab/The Washington Post
A NORTH Korean defector and one of the regime’s top money makers has revealed how he sent millions of dollars over the Chinese border.

Jason Murphy What impeachment would mean

FILE - In this June 30, 2017 file photo, President Donald Trump speaks in the Oval Office of the White House in Washington. Trump pressed Congress on Monday, July 10, 2017, to get health care done before leaving for its long August recess, even as Republican senators say the GOP effort so far to repeal and replace the nation's health law is probably dead. (AP Photo/Evan Vucci, File)
IMPEACHMENT proceedings against Donald Trump have formally begun. If he’s ousted, what will happen to the world economy?

Dollar store How much is $1 actually worth?

Ronnie Shahar
WHEN is $1 not worth $1? That’s the question at the heart of a bizarre dispute that could have far-reaching implications for every Australian.

China trade China can cause chaos in Australia

(FILE) This file photo taken on September 11, 2015 shows a Chinese flag flying near apartment buildings in Beijing. Chinese household debt has risen at an "alarming" pace as property values have soared, analysts say, raising the risk that a real estate downturn could send shockwaves through the world's second largest economy. / AFP PHOTO / GREG BAKER
WITH a 1.4 billion population and a growing middle class, China is Australia’s biggest export market — but its government can unleash chaos in an instant.

City slickers Aussie map raises big questions

Australians are clinging to our big cities, as this distorted map shows. Credit: Reddit user IamAlphaandOmega
THIS weird looking map is a perfect representation of everything we hate about living in a city. So why are we still doing it?

Markets FX Cross Rates

Market AUD USD EUR GBP HKD NZD SGD
AUD AUD 78.93 66.77 60.69 7.7423 1.08 1.2769
0.02 0.01 0.01 0.01 0.0 0.01
USD 1.0063 USD 0.85 0.77 7.7911 N/A 1.2851
-0.0 0.0 0.0 -0.0 0.01
EUR 1.3698 1.18 EUR 0.858 10.6049 1.7612 1.7492
-0.02 0.0 -0.0 -0.1 -0.02 -0.01
GBP 1.5964 1.5864 1.1655 GBP 12.3595 2.0524 2.0388
-0.01 -0.01 0.01 -0.06 -0.01 0.0
HKD 0.1292 0.1284 0.943 N/A HKD 0.1661 0.1649
-0.0 0.0 0.01 -0.0 0.0
NZD 0.7778 0.773 0.5679 0.4872 6.0215 NZD 0.9932
-0.0 0.0 0.01 0.0 0.01 0.01
SGD N/A 0.7782 0.5717 0.4905 6.0632 1.0068 SGD
-0.0 0.0 -0.0 -0.03 -0.01