You are here

Australia

Time To Panic In Australia

Time To Panic In Australia

Submitted by Mike Shedlock via MishTalk.com,

Australians’ private debt has soared to 187 per cent of their income. Debt is up from about 70 per cent in the early 1990s.

The jobless rate rose for the second straight month in December to 5.8 per cent, and underemployment, the number of workers wanting more hours, is near an all-time high. Wage growth is the lowest on record.

Pundits Stunned After Trump Hangs Up On Australia Prime Minister, Slamming "Dumb Deal"

Pundits Stunned After Trump Hangs Up On Australia Prime Minister, Slamming "Dumb Deal"

First, the AP reported that according to a transcript of a phone call between the presidents of the US and Mexico, Trump threatening to send US troops to Mexico if it was unable to stop the "bad hombres down there." Then, in a separate report from the Washington Post, Trump labeled a refugee swap deal with Australia "dumb" on Thursday after a Washington Post report of an acrimonious telephone call with Australia's prime minister, replete with alleged "yelling" and which Trump hung up after just 25 minutes, that has threatened a rift in ties between the two ally nations.

Pages