PostNews

• Occasion2b Main Page

• General Discussion

• Disease Outbreak News

YoNews.org

YoNews Portal

Live TV







Feb 20, 2019    05:30:14 PM

Author Topic: Speculators will make hay from great Australian economic crash while workers pay the price  (Read 10 times)

Offline YoNews

  • Member Plus
  • ****
  • Posts: 1078
    • YoNews.org
Speculators will make hay from great Australian economic crash while workers pay the price

59db691efc7e9379128b4567.jpg

For years, Australia has been seen as the goose which laid the golden egg for workers, migrants and investors. Ironically, as America’s casino closes, it will eventually end up as a speculator’s paradise.

 

The performance of the Australian stock market relative to its American equivalent since the Global Financial Crisis (GFC) shows the difference between a country where Quantitative Easing (QE) – the buying of bonds by the central bank to drive bond prices up and interest rates down, and thus encourage firms to invest and financial institutions to buy shares – was practiced and one where it was not. It’s both a warning about what could happen when the Fed starts to unwind QE, and a perverse opportunity to profit when Australia’s central bank, the RBA (Reserve Bank of Australia) inevitably starts its own QE program.

 

Since Australia avoided the GFC, and its rate of economic growth has been twice as fast as America’s post-crisis (an average 2.7 percent per year, versus 1.3 percent for the US), you might expect Australia’s stock market to have done better than America’s. In fact, it’s performed much worse: the main Australian index, the ASX, still hasn’t returned to its mid-2000s peak, while the US S&P500 has more than doubled its pre-crash level, and it’s almost four times as high as it was in the deepest depths of 2009.


Source: Speculators will make hay from great Australian economic crash while workers pay the price




 

The establishment will blame their next crash on freedom—just like last time, and they will blame us too this time.

Started by YoNewsBoard YoNews Portal

Replies: 0
Views: 38
Last post Oct 15, 2018    03:19:03 PM
by YoNews
Bad Robot, J.J. Abrams' media production company to partner with Tencent to form a gaming company, Bad Robot Games, to make games for PC, console and mobile (Devin Coldewey/TechCrunch)

Started by News BotBoard Today's News

Replies: 0
Views: 42
Last post Jun 08, 2018    05:00:04 PM
by News Bot
Politics is fake. Television is fake. The news is fake. I’m not going to hold my breath waiting for justice to take place. They openly cheat in elections. They rig the media coverage. Then they sell you fake food to make you lethargic & pills to numb the

Started by YoNewsBoard YoNews Portal

Replies: 0
Views: 16
Last post Nov 13, 2018    12:57:02 PM
by YoNews