With the RBA set to decide on a rate cut next Tuesday, the NAB is confident they will cut by .5%. Glenn Dyer reports.
Business
Kohler: What is a depression, and are we headed into one?
Recession, depression. Two words being used to describe where the global economy is or where it is headed. But what do they mean? By Business Spectator’s Alan Kohler.
Bailout. It’s Allliiive…
The tortured success of the bailout bill marks a moment in US in political and economic life. But now the hard work really starts. By Glenn Dyer.
EU shows what it means to be a competition watchdog
The European Union issued a massive fine overnight against nine companies for cartel-behaviour. Could be something in it for Australia’s competition watchdog. By Glenn Dyer.
The credit crisis is killing the US car industry
As far as the flow on effects from the credit crisis go, US carmakers and retailers are suffering almost as badly as the banks. By Glenn Dyer.
Global recession looms as leading economies continue to cool
The US economy is in recession, and now, worryingly, other major economies are also slowing. Is the world about to tip into recession? Glenn Dyer reports.
The BHP-RIO deal is dying. Time for some transparency
With the credit crisis making debt funded takeovers more and more difficult, it’s time BHP was more open with the market about its bid for RIO, writes Glenn Dyer.
Steve Keen: Hank Paulson the evil scientist, not the hero
Henry Paulson is far from the hero in the story of the Wall Street meltdown. Associate Professor Steve Keen argues he is in fact the villain, and may be heading for an ignominious end.
The credit crisis now has its tentacles firmly around Europe
Iceland, Ireland, England, Belgium, Germany, France: you can add them to the list of nations scrambling to save key financial institutions, writes Glenn Dyer.
Mayne: America needs a new CEO and finance director
The financial problems in the US might be solved in a big hurry by a new President, but putting someone else in charge won’t hurt either, writes Stephen Mayne.
Even if the bailout got through, $700bn is not enough. Here’s why
$700bn sounds like a,ot of money, and it is. But it’s trying to bail more than 10 times that much. Adam Carr, senior economist at ICAP Australia, explains why it won’t be enough to forestall a recession.
Media wrap: Will the bailout work?
With tentative agreement reached between Democrats and Republicans on the details of the bailout, now US lawmakers are waiting, fingers crossed. Compiled by Thomas Hunter.
Europe jittery as credit crisis spreads to UK, Belgium, Germany
The US might have reched agreement on a bailout package, but the problems are only just starting for Europe, writes Glenn Dyer.
RBA keeping close tabs on bailout progress
The Reserve Bank significantly boosted the amount of cash in money markets over the weekend, reports Glenn Dyer.
All news is bad news for US jobseekers
Job numbers due out this week are expected to show a significant rise in job losses. And some of them might be from non-finance based companies caught short in lending arrangements, writes Glenn Dyer.
Forget Wall Street, this is the real bailout plan
Buried by the flood of bad financial news and the wobbly fate of the $US700 billion bailout, US politicians are are close to pulling off a swifty of epic proportions, writes Glenn Dyer.
Is Swan poised to intervene in the banking sector?
Back in August the Treasurer seemed content that competition in the banking sector was hunky dory. Not so this week, with veiled threats of intervention made in Parliament. By University of Melbourne Professor of Economics, Joshua Gans.
NZ, Ireland now in recession. Who’s next?
Regardless of the bailout plan’s fate, economies continue to slow sharply, with Ireland and New Zealand both sliding into full blown recessions within 24 hours of each other. By Glenn Dyer.
ASX AGM descends into farce
A riproaring criticism of the press was only one of the highlights of yesterday’s ASX AGM, writes Stephen Mayne.
RBA review treads lightly during financial crisis
In its bi-annual economic review, the RBA says it is concerned about the impact of global financial problems on the local economy. By Glenn Dyer.
Global liquidity crisis looms, as banks hoard funds
Fears of a global cash freeze worsened overnight, reports Glenn Dyer, and you can expect it is furrowing the collective brow of the RBA board.
Rocky outlook or not, CMH boss John Alexander is in the money
The share price might be plunging and there might be a nasty meeting with the banks looming, but CMH boss John Alexander is sitting pretty, writes Glenn Dyer.
Media wrap: Opposing the Wall Street bailout
Cash for trash … Wall St plan a hard sell on Capitol Hill … Why you should hate the Treasury buyout … Dems say they won’t get fooled again … Opposition to bailout plan grows … A better bailout.
Has Warren Buffett’s Goldman Sachs grab saved US finance?
Warren Buffett has bought a $5bn piece of Goldman Sachs, and in so doing has improved the mood of Wall Street. Is it the turning point the US economy has been waiting for?
GE and GM scrambling for financial safety
The list of companies protected from short selling continues to grow, with corporate royalty like GE and GM now jumping on board, writes Glenn Dyer.
