Australian Economy

Crack out the Champaign, consumer confidence is at 32 year highs. Don’t worry, I can afford Champaign – I’ve just put it on my 2nd credit card – but, I’m confident I can pay it off maybe next year. The Westpac/Melbourne Institute index of consumer sentiment rose to 123.9, up …

On Macquarie Regional Radio today, Costello was playing down the effects on the subprime mortgage crisis in Australia. Costello said he would continue to closely monitor developments in the US, but the Australian situation was “different.” Data from the Reserve Bank of Australia and the US Federal Reserve would indicate …