Shades of 2008, and why the US Federal Reserve is still the banker to the world: much to the chagrin and humiliation of Europe.
Central banks
High-flying Iceland heading for a crash
Could Iceland be the first country to fall victim to the global financial turmoil? Glenn Dyer reports.
US Fed throws more money at the sinking ship
The US Fed can pump as much money into the US financial system as it wants but it can only slow the momentum of the slide into recession, writes Glenn Dyer.
Bank of International Settlement goes for gloom
No wonder the Bank of International Settlement, the so called central banks’ central bank, sees the credit crunch continuing past March next year, writes Glenn Dyer.
Inside our credit shock: RBA man tells
Overnight on August 9/10 and during the morning of August 10, Australia experienced a very sharp credit shock, not as bad as Europe had seen the night before, or the US, but a shock nevertheless. Here’s RBA deputy governor Ric Battelino told a Sydney conference today in a speech.
Don’t buy the yacht yet, darling!
The total intervention in the past three trading days has come within sight of half a trillion Australian dollars. Glenn Dyer has the latest.
Is Kevin07 heading for a 1969?
You can lose a Federal election and still know that you’re on a winner… by doing a Gough, writes Paul Comrie-Thomson.
