Australia’s biggest banks are no longer the only ones making headlines with their own financial missteps.
Here’s a look at some of the bigger financial misfires of the past three months.
The Australian dollar collapses after the US elections The dollar collapsed on Friday as the US presidential elections took place, and as the world was thrown into chaos and uncertainty.
The US stock market plummeted, and US bonds were thrown into turmoil, but the biggest fallout was the collapse of the Australian dollar, which plummeted by almost half in just a few hours.
The dollar fell more than 40 per cent on Friday afternoon in an event that has seen the global economy collapse and even the global banking system collapse.
The news sent the Australian economy into freefall.
“It was one of the most disappointing things we have seen in the last decade in terms of financial markets and in terms the global impact,” Australian Reserve Bank governor Tim Pallas told Sky News.
“We’ve seen this kind of thing happen in Australia a number of times over the last few years.” “
We’ve seen this kind of thing happen in Australia a number of times over the last few years.”
A US-Japan trade deal collapses due to US sanctions and US elections “The TPP is dead,” said Japanese Prime Minister Shinzo Abe at a press conference on Friday.
“The Trump administration and the Republican-controlled Congress are not going to give us a deal,” he said.
“This will never happen,” he added. “
This is not a trade deal, this is a protectionist deal.”
“This will never happen,” he added.
“They won’t give us what we want.
We are not giving them what they want.”
The European Central Bank loses its credibility amid its bailout deal The European Union and the eurozone are all in shock at the news of the latest deal that could see the European Central Board of Governors lose its credibility.
“If we continue on this course, we are losing our credibility,” European Commission President Jean-Claude Juncker said at a conference on Thursday.
“When the crisis in the eurozone reaches crisis levels, then we have to be prepared to say that the credibility of the ECB and the European Union has been damaged.”
China devalues its currency and the US is forced to devalue the yuan A Chinese devaluation has forced the US to devaluate its currency, and it was a tough day for the Chinese government.
The Chinese government has devalued its currency by 1.7 per cent since the beginning of the year, with the latest rate set to hit 2 per cent.
The People’s Bank of China has also announced it will increase the purchase of gold by 100 billion yuan, making it one of China’s biggest exports.
The devaluation comes as a surprise to many, with Chinese government bonds now yielding a higher yield than US government debt.
The Trump administration loses credibility as the UK votes to leave the European union The UK has voted to leave Europe, and President Donald Trump has become the first president to be forced to make a formal withdrawal from the European alliance.
The Brexit vote is the latest in a series of economic and geopolitical events that have taken place in recent years that have undermined the US, and many people are now wondering what the US will do now that it has lost its credibility and legitimacy in the world.
“There are no good options at this point, no good ways out,” said economist and journalist Michael Hudson at the US Economic Policy Institute.
“Even if the UK goes down, the United States is going down as well, and the United Kingdom is going to be hit hard.
There are no silver bullets.
I don’t think there is any silver bullet.”
The collapse of Uber raises concerns for the future of jobs The ride-hailing company Uber was forced to close a major US city on Thursday when its workers refused to take their jobs to other cities.
Uber has now been forced to shut down six of its nine US cities and have suspended operations in a further five.
Uber announced it would cut more than 100 jobs, including those in San Francisco, Washington DC, and Baltimore.
Uber also said it was pulling all of its employees from Seattle, where it has been based for years.
“At the moment, there are no plans to expand our workforce in the US,” Uber said in a statement.
“Uber will focus our full resources on helping to support our customers, partners and employees in the coming weeks and months.”
Australia’s housing boom is in trouble and is on the brink of collapse “A housing boom has stalled in Australia and is set to collapse in the next two to three years,” wrote economist Peter Walker in a blogpost on Friday morning.
“In the first half of 2017, the market peaked at $2.7 trillion, and has now fallen to $2 trillion, with house prices falling further