Strike out

Article Abstract:

A third wave of petroleum price increases would break open fault-lines in the American economy that would reverberate through global financial markets with adverse implications for global economic growth. Australian Treasurer Peter Costello indicated that the task ahead in relation to the economic policy would also be to manage current global imbalances, particularly those between savings and investment between China and the US.

China, Government expenditures, International economic relations, Commodity & service prices, Crude Petroleum and Natural Gas Extraction, Crude petroleum and natural gas, Crude Petroleum & Natural Gas, Petroleum refining, Prices and rates, Economic policy, Petroleum industry, United States economic conditions, Company pricing policy

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Collision course

Article Abstract:

Reserve Bank deputy governor, Glenn Stevens pointed out that the average short-term interest rate has gone down to as low as 1% in the big three economies - the United States, Europe and Japan. The globalization of the labor market has affected the economy of the United States and the US has to manage to fix this to save its economy.

Interest Rates, Analysis, Economic aspects, Influence, Global economy

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