Several important issues arise from Tuesday’s dramatic failure by Tricom to settle its January 22 trades until 24 hours after it was supposed to. Alan Kohler writes.
Australian sharemarket
MFS and City Pacific propose shot-gun wedding
It is getting expensive, but I’m chasing this market lower, spending $35,000 stacking another 58 stocks into the portfolio so far this year, including eight more this morning.
Centro and the subprime meltdown: What the papers say
On the Centro crash … On the Australian sharemarket … The Fed vs the subprime meltdown …
ABARE outlooks fuels commodities illusion
For the sake of the currently highly charged Australian stock market, BHP Billiton had better reveal a big upgrade in its mineral resources in its annual report tomorrow. If it doesn’t, there’s not much to support the market except an illusion built on higher commodity prices, which in turn are being driven by the weakening US dollar.
Henry Thornton: Meltdown and the RBA’s canny game
The Reserve bank guv’nor will have his chance to say more about the economy and monetary policy when he fronts the relevant parliamentary committee today.
