🟪 How fake money built America

Counterfeiters were the original shadow bankers

The Breakdown
The Reserve Bank of India (RBI) has kept the repo rate unchanged at 5.25%, citing risks from the ongoing West Asia conflict, rising crude oil prices, inflation concerns, and a weakening rupee. https://english.mathrubhumi.com/news/money/rbi-monetary-policy-repo-rate-june-2026-r5quug7f?utm_source=dlvr.it&utm_medium=mastodon #RBIRepoRate #MonetaryPolicy #ReserveBankofIndia

Live: Oil prices down almost 3pc as traders bet on Middle East peace
By Emilia Terzon

Brent crude has dropped almost 3 per cent overnight, while the ASX is set to trade up today. Follow the day's events and insights as they happen with our business reporters on the ABC News live markets blog.

https://www.abc.net.au/news/2026-06-05/asx-markets-business-live-news-june-5-2026/106762414

#StockMarket #Banking #Currency #FinancialMarkets #MonetaryPolicy #RetailIndustry #Tax #BusinessEconomicsandFinance #EconomicTrendsandIndicators #CompanyNews #Cryptocurrency #EmiliaTerzon

Live: Oil prices down almost 3pc as traders bet on Middle East peace

Brent crude has dropped almost 3 per cent overnight, while the ASX is set to trade up today. Follow the day's events and insights as they happen with our business reporters on the ABC News live markets blog.

RBA not concerned about stagflation or wage-price spiral
By Gareth Hutchens

RBA governor Michele Bullock says she is not concerned about stagflation or a wage-price spiral

https://www.abc.net.au/news/2026-06-04/rba-not-concerned-about-stagflation-or-wage-price-spiral/106759122

#MonetaryPolicy #Inflation #InterestRates #EconomicTrendsandIndicators #BusinessEconomicsandFinance #EconomicGrowth #GarethHutchens

RBA not concerned about stagflation or wage-price spiral

RBA governor Michele Bullock says she is not concerned about stagflation or a wage-price spiral

UK wants public to vote on wildlife to replace Churchill on bank notes

Should a frog or a seal replace Winston Churchill on a fiver?

POLITICO

Breaking: Australia's economy growing at 2.5 per cent annually as slowdown begins

Australia's economy grew at an annual rate of 2.5 per cent in the March quarter, the same as in the previous quarter.

https://www.abc.net.au/news/2026-06-03/gdp-march-quarter-2026-australia/106753788

#EconomicGrowth #EconomicTrendsandIndicators #BusinessEconomicsandFinance #Inflation #MonetaryPolicy

Breaking: Australia's economy growing at 2.5 per cent annually as slowdown begins

Australia's economy grew at an annual rate of 2.5 per cent in the March quarter, the same as in the previous quarter.

Jerome Powell uses JFK award speech to warn against political pressure on Fed, courts and schools

"The United States has long been the leader of the world’s freedom-seeking people — the indispensable nation," he said.

Politico

Enjoyed reading this, and I think Graeber has it right - the current mainstream of economic thought thrives because it supports the views of the people who benefit most. Other strains of thought warrant more consideration, especially as the challenges of the 21st century (climate change, declining role of human labour, inequality) are different than the 20th (Ensuring productivity and high employment).

https://davidgraeber.org/articles/against-economics/

#economics #politics #monetarypolicy

Against Economics

There is a growing feeling, among those who have the responsibility of managing large economies, that the discipline of economics is no longer fit for purpose. It is beginning to look like a science designed to solve problems that no longer exist. A good example is the obsession with inflation. Economists still teach their students […]

David Graeber

Why is Labor spending its political majority on this tax reform?
By Alan Kohler

Why has Labor decided to spend the political capital of a 50-seat majority on a minor change to capital gains tax on businesses?

https://www.abc.net.au/news/2026-06-01/capital-gains-tax-negative-gearing-housing-chalmers-albanese/106742204

#Tax #Budget #FederalGovernment #BusinessEconomicsandFinance #GovernmentandPolitics #HousingPolicy #HousingConstructionIndustry #MonetaryPolicy #EconomicTrendsandIndicators #Industry #AlanKohler

Two questions still hang above the now decaying federal budget

Why has Labor decided to spend the political capital of a 50-seat majority on a minor change to capital gains tax on businesses?

BOC's new governor hawkish stance signals tighter rates—potential won rally and subsequent hikes. Trade flows, inflation, and equity valuations will feel the shift. Stay aligned—Yatırım tavsiyesi değildir!

🚩 #BankOfKorea #HawkishStance #MonetaryPolicy #AsiaMarkets #CentralBank #KoreanEconomy