The Reserve Bank keeps telling us everything is OK, that Australia is still on the narrow path to conquering inflation without a recession and that most home owners are coping with higher interest rates. But the question that needs to be asked is OK for whom? It’s true Australia isn’t in a technical recession —...
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Australia complete clean sweep over Scotland
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Scammers will pounce on global tech outage, home affairs minister warns
In short: Home Affairs Minister Clare O’Neil used a press conference to warn that bad actors were trying to capitalise on the global tech outages experienced on Friday afternoon. There have already been reports of phishing scams where criminals attempt to gain access to personal information via unsolicited emails. What’s next? Services have begun coming...
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A black swan event would wipe out Australian superannuation and the economy with it
Australia is close to recession. Gross domestic product (GDP) for the March quarter grew at 0.1 per cent. Surprising strength in the household sector and increased government spending hauled the economy over the first quarter finishing line. Being on the edge of a recession is concerning because extended periods of economic contraction are nothing short...