The failure of GM could drive the US economy into a depression. Glenn Dyer argues that’s why it can’t and won’t be allowed to happen.
Business economy
G20 talking loud but solving nothing
By the time the G20 meets again in April, the global financial system may be beyond repair, argues Glenn Dyer.
Real economy part 1: The big picture
It’s an intangible thing, the real economy, because it’s a composite of millions of individual decisions a day, writes Bernard Keane.
CanWest rethink casts a shadow over media earnings for 2009
CanWest has slahed the value of its intagible assets amid uncertainty about 2009, writes Glenn Dyer.
Carr: Got a safe job? 2009 could be party time
The Australian property market could be a good palce to put your cash in 2009, argues Adam Carr, senior economist with ICAP Australia.
Chip sales dive as recession hits the IT sector
Computer chip makers like Intel are the latest to feel the effects of the global downturn, reports Glenn Dyer.
OECD, IMF in agreement as global slowdown starts to bite
Developing economies are already in recession says the OECD. Glenn Dyer takes a closer look.
Fairfax bearish on 2009, share price slumps to $1.59
A gloomy outlook on advertising and a languishing share price are just two of the stories from this morning’s Fairfax AGM, writes Glenn Dyer.
Centro, Westfield hearing grim tales from US mall owner
One of America’s biggest mall owners is struggling survive, which raising more concerns about viability of Centro, and to a lesser degree Westfield. By Glenn Dyer.
Why the credit crisis could be the dawn of the Green New Deal
The financial crisis has been a disastrous for some businesses, but it also represents an environmental opportunity that shouldn’t be missed, writes Adam Grubb, founder of Energybulletin.net.
Paulson sets a course for a political clash over bailout plan
US Treasury Secretary Hank Paulson’s change of tack on the bailout plan is a recipe for a political fire-fight, argues Glenn Dyer.
An optimist’s response to Professor Keen
Amateur economist and optimist Peter Johns responds to Steve Keen.
Eslake: Reading the tea leaves of the Chinese rescue package
China plans to spend four trillion yuan boosting its economy. What does that tells us about the country’s economic health? By Saul Eslake, Chief Economist at ANZ Bank.
“Pay for performance” is the great myth of executive pay
Despite share prices tumbling, executives pays are rising. This, argues Adam Schwab, debunks the myth that executive pay is linked to performance.
Australia’s cash rich banks are refusing to share
Businesses are struggling for finance as the banks keep it safely locked away from the vagaries of the markets, reports Glenn Dyer.
Questions over NAB boss’ 130,000-share trade
The disposal of 130,000 NAB shares by the National Australia Bank’s CEO, Ahmed Fahour on November 3 has raised eyebrows, writes Adam Schwab.
Keen: Always look on the bright side … of economic data?
Our economic managers, caught in a crisis they didn’t see coming, are still using the same models that didn’t anticipate this mess, writes Steve Keen
Stockland sweeps in and cleans up on GPT
Stockland has made a major play for the ailing GPT share register and, in so doing, made an immediate profit. By Glenn Dyer.
Death of an icon? GM staring at failure or a bailout
With shares laguishing at 65 years lows, the options for General Motors and the US government are grim, or expensive. By Glenn Dyer.
NAB/Harvey Norman forecasts: nothing to pay until 2009
The NAB’s latest monthly survey takes a more pessimistic view of the economic outlook than either the RBA or Treasury, reports Glenn Dyer.
Bailouts, failures, big losses, job cuts — aka the US economy.
Another major US retailer has been forced into liquidation by the credit crunch. And it may the US taxpayer who comes to the rescue. By Glenn Dyer.
Is General Motors too big to fail?
General Motors is staring at failure unless the US government decides it is too big to fail. Which way the new administration go, asks Glenn Dyer.
China shows no fear in priming its own economy
China has followed the lead set by Australia in boosting its economy, but it has done so on a gargantuan scale, writes Glenn Dyer.
RBA gives up on inflation, goes for growth
The world economic outlook has changed drastically since August, and so has the RBA’s focus, reports Glenn Dyer.
Stand by for fireworks at Seven and Fairfax AGMs this week
There’s not much more stimulating in life that taking on a billionaire media mogul at a public company annual meeting, writes Stephen Mayne.
