inflation

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Inflation: A global crisis on the horizon?

New inflation data from the US has induced fears that the world is teetering on the brink of a global recession. Join Labib Mashrur as he explores why prices are rising and how it affects us all.

A vacuum cleaner moving over wooden floors on which green cash is spread

Inflation fear is an inflated fear

Australia’s inflation rate has reached an all-time high since the GFC but what does this mean for the Australian public? Anna McBride explores inflation’s relationship with two areas of consumer interest – wages and interest rates – to determine whether its increase should worry us.

The economics behind the ‘living wage’ debate

Australia has joined the global political trend towards greater wage regulation, with a recent campaign from the ACTU calling for a ‘living wage’. However, examining the predicted effects of such a change would reveal it to be based on misguided beliefs. Conor Yung explains.

Venezuela: an economic tragedy

Venezuela was once an economic powerhouse and socialist paradise driven by immense oil wealth. Now, it’s on the brink of complete collapse, with protests on the streets and a government in turmoil. What happened?

Shadow labour

Chandan Hegde offers his insight on what shadow labour is and its growing prevalence.

Syria: the economic costs behind a civil war

The Syrian civil war officially began with demonstrations as part of the Arab Spring protest movement in March 2011. Forces opposed to the government, such as the Free Syrian Army, have been seeking to oust the Ba’ath Government and defend the violence against opposition protesters. According to the United Nations, more than 100,000 people have died in this conflict.

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Has inflation targeting become a sporting event?

At the time of writing, available odds for this Tuesday’s RBA meeting are $1.40 for rates to remain unchanged, $2.20 for a decrease of up to 25 basis points and then a respectable $19 for a cut between 25 and 50 basis points. Any increase in the cash rate pays $34 but putting money on that would surely be the equivalent of backing a horse with a broken leg – unless it is called Black Caviar perhaps.

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