Good Investment

Posts Tagged ‘national’

It was the bursting of the American subprime housing bubble that triggered the Global Financial Crisis, and while the US is slowly climbing out of its worse slowdown since the Great Depression, with house prices edging tentatively upwards with the recovery, unemployment in America is still stuck at close to 10 per cent and some of the country’s most credible economists are still refusing to rule out a slide back into recession. But while Australia these days is able to rely substantially on Asian markets, particularly China, to feed our ongoing resources boom, the fragility of America – and Europe, for that matter – are still capable of hurting the stronger economies. Yale University economist Robert Shiller is a perhaps America’s pre-eminent academic expert on fluctuations in both the housing and stock markets. He was the first to warn explicitly of the looming subprime disaster in 2005….. www.abc.net.au *