Official data confirms Australia in a 'consumer recession' as retail sales drop
Australians are buying significantly fewer goods at shops and department stores, new Australian Bureau of Statistics (ABS) data show.
Source: abc.net.au
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Did the Reserve Bank's interest rate hikes put Australia's economy on a 'knife-edge'? A major consulting firm thinks so
A major consulting firm forecasts a 'consumer recession' in 2023, warning hundreds of thousands of Australian households are bleeding cash every month.
Source: abc.net.au
'Big Short' Michael Burry Warns US Economy at Risk From Savings Plunge
Burry noted that US personal savings have plunged from over 25% of GDP last year to about 3.8% today, and could hit a record low by September.
Source: businessinsider.com