Global Economy

While the editors here at The Daily Reckoning acknowledge and celebrate Australia’s giddy history as the dominant cricket power, they recognise when it comes to the global economy we’re not quite up there with the big boys.

Because Australia is a small, open economy, as an investor you need to watch developments overseas that can impact here. It might be the US central bank driving up the exchange rate, to European hedge funds shorting the market, to trade agreements in Asia changing the investing landscape.

That’s one reason they Reckon every day. If you need to know about it, they’ll cover it.

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Businessman hands giving money - Australian dollars
‘Farewell Welfare’ — Part II
Welfare promises — made in times of lower life expectancies, when less people were at the apex of society’s pyramid (and during the greatest credit boom in history) — are going to be reneged upon.
Colorful of Australian Currency on white plate on wood table
The War on Cash has arrived in Australia
The war on cash has come to Australia. This may be a new threat to our shores, but it’s been going on for years overseas. The European Central Bank (ECB) recently announcing they wouldn’t continue to produce the 500 euro …
Bankrupt Businessman
Farewell, Welfare State
The feds are no longer counting on the next generation to make the welfare state work; they’re sending the bills to a future generation that has not even been born yet.