Storm warning

Article Abstract:

The Australian stock market is riding a wave and touched its all-time high during the first week of June 2004 but investors are still wary about any long-term investments in the market. Financial markets are nervous about this stock-market recovery because the economic recovery has happened because of low-interest rates due to which carry trade, where short-term funds are borrowed on low rates and invested in high-risk long-term securities offering a higher return, has boomed.

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Tough bickies

Article Abstract:

A procession of Australian manufacturing operations, ranging through the whitegoods, textiles, footwear, appliances, communications, electronics and automotive sectors, have transplanted to Asia which is called offshoring. Local manufacturers grapple with an outbreak of Dutch disease which is the economic description applied to the disruption caused when a windfall commodity boom hits an economy.

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Shaky foundations

Article Abstract:

The crisis of National Australia Bank, which beard a loss of $360m on foreign exchange, are detailed. The reason outlined for the crisis is the losing confidence of the shareholder, depositors and foreign investors in the Australian financial system.

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