The flood of money into the financial system in response to the March 2020 meltdown of the global financial system central banks led by the US Fed have pumped in at least $16 trillion has meant that the crypto turmoil has broad implications.
Australian shares are set to drop sharply after a dive in US stocks that included the Dow falling 1000 points and retailer Target losing a quarter of its value.
Why the Reserve Bank needs to get off the fence and raise rates, Coles’ grim warning on inflation, and the element missing from Scott Morrison’s election campaign. Here’s 10 of the best opinion reads from this week.
The <em>Sydney Morning Herald</em> noted that “Australia has suffered one of the largest budget deteriorations in the developed world and one of the biggest increases in debt.”