Australia's future? Or national paranoia?

Sharpe?

The economic pundits at the New Agenda for Prosperity were saying that Australia's economy is booming, will continue to boom, and that China and India's demand for minerals will see Australia through the recession in the US and the downturn global economy. This is the decoupling thesis and it is strongly held. Australia's problems are inflationary ones and the long term solution is to embrace Treasury's agenda ----productivity, participation and population--- growth to make the economy more productive and efficient. Read more »

The crucial policy question is whether the Federal Reserve and other policy officials can prevent the scenario of a systemic financial crisis. The Anglo-Saxon financial system is in a severe crisis, of that there is no doubt. Read more »