The source of the next global crisis: you and I
![Years of investors being pushed into ever riskier assets may turn the next downturn into a crisis.](http://web.archive.org./web/20180915050308im_/https://www.afr.com/content/dam/images/h/1/5/9/h/o/image.related.afrIndexLeadWide.460x260.h15b90.gshfrb.png/1536980770254.jpg)
Years of being pushed by central banks into increasingly risky assets may have left everyday investors unable and unwilling to withstand the next downturn.
Years of being pushed by central banks into increasingly risky assets may have left everyday investors unable and unwilling to withstand the next downturn.
The GFC was the trigger for the most prolonged period of value destruction in the 49-year history of Macquarie Group, as well as the catalyst for a transformation that is still rewarding shareholders.
Paul Sheard will never forget the scenes in the Lehman Brothers' office 10 years ago; it reminded him of the aftermath of natural disasters.
Federal Treasurer Josh Frydenberg has slammed the past failures of ASIC and promised new powers to speedily compensate victims of misconduct.
It's too easy to say our leaders aren't up to scratch (even if they aren't). We need to look beyond the personalities and ask what we want in a leader, Laura Tingle writes in her Quarterly Essay.
"My main memory of that time is that I didn't sleep for two months," recalls RBA deputy governor Guy Debelle of the global financial crisis.
TAL tried "at any point possible to find a way to stop paying" a nurse income benefits, when they knew she did nothing wrong.
Four of APRA's senior executives have set up a new advisory company to help boards through a complex maze of regulatory scrutiny.
Industry super fund REST handed back an insurance payout to a global insurance company rather than passing it on to a paraplegic, the Hayne royal commission has heard.
REST failed to disclose changes to coverage and potentially acted for the benefit of the insurer. How the day unfolded.
Primary Health Care has been forced to offer pay rises of up to 20 per cent after the Fair Work Commission intervened in an 11-year workplace dispute.
Listed rail company Aurizon is expected to ditch its plans for a $1.5 billion rail line to the Galilee Basin if Adani gets its $16.5 billion Carmichael mine and rail project across the line.
It's hard to recall the misery of America in the wake of the Lehman collapse. Even so, the Great Recession has left scars.
Former Fed chair Janet Yellen argued the US central bank should consider deliberating courting an economic boom by keeping rates lower for longer after they are cut to zero.
I saw examples of personal leadership the likes I have rarely seen and examples of greed and cynical behaviour I hope to never to see again.
After experiencing the excess of Australian banking in the '80s, Andrew Leeming predicted the sub-prime crisis and helped a US fund be "well rewarded".
Australian shares have rebounded from last week's $50 billion fall to close the week higher despite some of the major financial stocks weighing the index.
Political leadership should be about building a consensus for change. But instead, discussion about leadership has become one solely about the machismo of individuals taking on the mob.
Malcolm Turnbull's former blue-ribbon Liberal seat of Wentworth is in danger of falling to Labor for the first in its history.
The head of research at Australia's largest real estate data company believes Labor's negative gearing and capital gains tax proposals are partly responsible for the house price falls across the country.
Australia needs to rebuild trust in ourselves; so we can focus on exploiting our unique advantages that are the envy of the rest of the world.
A significant power shift with implications extending to the Scott Morrison-led Liberal Government has taken place in the NSW Liberal Party.
Malcolm Turnbull's former blue-ribbon Liberal seat of Wentworth is in danger of falling to Labor for the first in its history.
Liberal candidate for Wentworth said he doesn't like the party's traditional factional labels and people shouldn't see him as either a "conservative" or a "moderate".
A potential alternative bidder for Australia's east coast gas pipeline network has had tentative discussions with the federal government.
Rarely has the cost of trading off gender equality for qualifications been as stark as the Liberal Party's choices in Wentworth.
President Donald Trump instructed aides to proceed with tariffs on about $US200 billion more in Chinese products.
Florence has weakened to a tropical storm, though portions of the Carolinas can still expect life-threatening storm surges and catastrophic flooding.
Donald Trump's former campaign chair agreed to help Special Counsel Robert Mueller's inquiry into Russian interference as part of a plea deal.
China's Xi Jinping and Russia's Vladimir Putin bonded over blinis, caviar and vodka this week but how serious is their friendship and what does it mean for the US?
Philippine authorities were preparing for the most powerful typhoon this year, closing schools, readying bulldozers for landslides and placing rescuers on full alert.
Investor Malcolm Jones is recounting his experience as a warning to other property investors about responding to cold-calling property spruikers.
Lenders are expected to start poaching customers and aggressively target new borrowers in response to higher interest rates being rolled out by three major banks from next week.
Australia is among the riskiest housing markets in the world, with falling prices a threat to growth: Oxford Economics
A rising chorus blames technology for overtourism. Airbnb, Instagram and other travel apps have a case to answer, but despite regulations the growth doesn't look like slowing.
Caltex has paid out more than $5 million to underpaid workers in its franchise network after auditing half its sites.
A decision on when and how to publish latest NAPLAN results on the MySchool website has been stalled until December by state education ministers.
Once dismissed as a hippie indulgence, drugs such as LSD are now at the front line of research into depression and anxiety. The results are revelatory.
Blaming overtourism on social media looks suspiciously like the latest case of Millennial shaming.
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