Ross Greenwood

Ross Greenwood Blog
Hidden cost in Swan's Budget to hurt families in years ahead ,

There are a few things in Wayne Swan's sixth federal Budget handed down last night that families will not be happy about.

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Interest rates on hold decision sends mixed messages ,

The Reserve Bank today tried to keep a bit of its powder dry. But by keeping interest rates on hold it is sending mixed messages to the community, and to financial markets.

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Rinehart's message falls on deaf ears in the government ,

It might sound as though Rinehart is a billionaire advocating the exploitation of workers being paid $2 a day. Instead, if you listen to the whole speech and not just the sound-bite, you discover the country’s wealthiest woman is closer to the mark.

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Timing is everything if surging CBA wants to dabble in foreign markets ,

The Commonwealth Bank's profit of $7.11 billion - up 4 percent - looks not only impressive but handsome in light of the economic headwinds that confronted households, retailers and manufacturers in the past year.

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Time to take advantage of an historically peculiar set of economic circumstances ,

The Reserve Bank's "on hold" decision is as much about waiting and seeing what happens in Europe and the US as it is about Australia.

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What the Greek election result means for you ,

The Greek voters stared into the abyss. And what they saw prompted enough of them to back away.

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RBA's fix for a problem of its own making ,

The decision by the Reserve Bank to cut the official cash rate by 0.25 percent shows up a real concern in the Australian economy. It's also partly of its own making.

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Who will pay the price for flood damage? , As the inquiry in the Brisbane floods and the Wivenhoe Dam drags on, homeowners and insurance companies will be watching with some wonder as to who ultimately will pay the price for the flood-damage.
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Approach with caution: Economic turmoil won't end anytime soon , Just stay cautious. The markets - currency, interest rate and share - are highly unpredictable right now. The best analogy I can think of is to watch breaking waves on a beach. The waves just keep on coming.
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Euro crises lesson: Take nothing for granted , The Greek Italian, Spanish (potentially even French) economic implosion is a sobering warning that we should take nothing for granted during our lives. Not our jobs, our house prices, our prosperity.
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