Tag: US Economy

‘The Australian dollar could hit 40 US cents’: Economist makes huge call about the economy – with some to win BIG …. and others to lose

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An investment strategist in the superannuation industry is predicting the Australian dollar will plunge to a record-low of US 40 cents within five years – with significant consequences for the economy. 

David Llewellyn-Smith, the chief strategist at MB Super and Nucleus Wealth, is expecting the AUD to sink to levels unseen since it was floated almost four decades ago because Australian interest rates are still so much lower than those in the US. 

Mr Llewellyn-Smith also argues weaker Chinese economic

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America’s most expensive drugs revealed: Will insurers pay up for these?

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The United States is behind some of  the world’s most vital and innovative medications, but it also sells them for the highest prices.  

Earlier this month, the federal government approved a blood clot therapy that costs $3.5million per dose — making it the most expensive drug in the world.

But a bevvy of prescription medications have sky-high prices attached to them – mostly because they are on the cutting edge of science and target some of the rarest and hardest-to-treat

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US inflation surges to new 41-year high of 8.6% as Consumer Price Index rises 1%

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President Joe Biden has conceded that inflation remains stubbornly high, after a key measure of prices blew past expectations, dashing any hopes that consumer price increases had peaked.

The Labor Department’s report on Friday showed that the consumer price index jumped 1 percent in May from the prior month, for a 12-month increase of 8.6 percent — topping the recent peak seen in March and hitting its highest level since December 1981. 

Biden previously claimed that inflation had peaked as

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