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Hedge fund billionaire spells out America's worst nightmare

Hedge fund billionaire spells out America's worst nightmare

Ray Dalio says the US economy is about two years from a downturn, which will see the US dollar plunge "easily" as much as 30 per cent.

  • by Katia Porzecanski & Erik Schatzker

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Canavan warns industry gas export trigger on the table
Energy

Canavan warns industry gas export trigger on the table

Resources Minister Matt Canavan has warned energy industry heads the government will not hesitate to slash gas export levels if there is a domestic shortage.

  • by Cole Latimer
Canberra instability, rate hikes dent consumer confidence
Banking royal commission

Canberra instability, rate hikes dent consumer confidence

A measure of consumer confidence fell sharply in September as political instability in federal politics and hikes in mortgage rates by most of the big banks soured the public mood.

Who can take more pain in Trump's deranged game of chicken with China?
Opinion
Trade

Who can take more pain in Trump's deranged game of chicken with China?

The US and China are on a combustible escalation path that can end only when there's economic blood on the floor. Both think they can withstand the longer siege.

  • by Ambrose Evans-Pritchard
ACCC greenlights $13 billion APA takeover by Hong Kong utility
Energy

ACCC greenlights $13 billion APA takeover by Hong Kong utility

The competition watchdog has approved Hong Kong-based utility firm CKI’s $13 billion takeover bid for gas pipeline company APA but government uncertainty has put final foreign investment approvals under a cloud.

  • by Cole Latimer
Trump's economic 'magic wand' is a myth
Opinion
World markets

Trump's economic 'magic wand' is a myth

The President is taking credit for the US economy's strength. The truth is, his economic record has yet to be written.

  • by Michael R. Strain
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The great delusion of middle age
Opinion
Retirement living

The great delusion of middle age

The pension eligibility age will rise to 70, but that's no problem as long as three things change.

  • by Ross Gittins
'Embarrassing' NEG failure won't stop intervention, energy chiefs say
Energy

'Embarrassing' NEG failure won't stop intervention, energy chiefs say

The government’s failure on energy policy won’t stop a royal commission or other market interventions, former EnergyAustralia chiefs say.

  • by Cole Latimer
Political turmoil sends business confidence tumbling
LNP

Political turmoil sends business confidence tumbling

Business confidence slumped to a two-year low in August, a period marked by upheaval in the government that saw Malcolm Turnbull ousted as prime minister.

'Wilting and dying': Crops down 46 per cent in eastern states as drought bites
Soft commodities

'Wilting and dying': Crops down 46 per cent in eastern states as drought bites

The crippling drought hitting eastern Australia is tipped to wipe millions of tonnes off crop production this season.

  • by Darren Gray & Patrick Hatch
One word that created the GFC shockwave is on everyone's lips again
Opinion
World markets

One word that created the GFC shockwave is on everyone's lips again

A decade after the global financial crisis, measures taken by the authorities then have helped create vulnerabilities in the financial system today.

  • by Stephen Bartholomeusz