The Rudd Government was slow to acknowledge a financial crisis, but when it did, it quickly framed it as a global crisis, but has the media caught on to this theme? by Dr Stuart Middleton.
Credit crisis
Credit crisis continues causing pain for Europe, Asia
The reverberations of the credit crisis can still be heard ringing in the financial markets of Europe and Asia, Glenn Dyer writes:
Briefly Business: Fed funds, Michael West, Clive Peeeeters
Fed still pumping money … Is Michael West having a lend? … Things not so e-e-easy at Clive Peeters? … The financial system, perhaps, has been saved.
Gerry Harvey becomes a key adviser on economic policy
Harvey Norman’s falling sales might have played a significant part in formulating the PM’s economic stimulus package, writes Glenn Dyer.
Death of capitalism pronounced too soon
If you thought the credit crisis has killed capitalism, think again. It just became stronger. By expat Australian lawyer, David Howarth.
US exports of economic gloom reaching record levels
A flood of economic data from United States overnight and it all pointed to one thing: investment analysts are only just starting to understand how bad things are, and will be. By Glenn Dyer.
ASX drops 6.5%, Asian markets follow
Brought on by falling resources stocks, markets here and in Asia have taken another big fall this morning, writes Glenn Dyer.
Rory Robertson a lone voice on why inflation is not the issue
If you’re in doubt about the problems besetting the Australian economy, read these thoughts from MacBank interest strategist Rory Robertson. By Glenn Dyer.
Turnbull’s weasel words to the nation
Malcolm Turnbull’s speech to the nation last night were a textbook attempt to rewrite history, writes Glenn Dyer.
The global crisis: how can China help?
Despite China’s presence in the overall macro-economic equations, her voice has been rather mute. What can China do? Melbourne academic Adam Fforde investigates.
Rudd’s package: What the banks are telling clients
Some of the major banks and investment houses are giving clients their views on the economic security strategy. Here are some of the highlights. Compiled by Thomas Hunter.
Stimulus package will weaken Rudd’s economic credentials
With an already-slowing economy, Rudd’s ill-thought out stimulus package will only serve to make the crash harder, writes Adam Schwab.
Does the bank guarantee do enough?
Is the government’s plan to guarantee all bank deposits really the most equitable response? By David Lewis.
US rebounds as Ireland and the Ukraine continue to suffer
Despite leading the pack on bank guarantees, Irish banks remain fragile. Elsewhere, the US recovered slightly overnight and the Ukraine joined the ranks of troubled economies. By Glenn Dyer.
Local market climbs again as global bailout takes shape
While the Australian made some gains this morning, Europe and America weer finalising the details of their rescue packages for stricken banks, writes Glenn Dyer.
Marcus Padley: Faith will be punished, cynicism will protect you
Marcus Padley asks the question, have we hit the bottom?
Briefly Business: Soros, Krugman, O’Neill
Has Gordon Brown saved the world financial system? … Designing the TARP … Three rules that will help protect you from the economic meltdown … There is a silver lining.
NAB: Business confidence more buoyant than expected
Despite the global turmoil, the NAB’s monthly business survey shows some resilience in business confidence, reports Glenn Dyer.
How to re-design the Australian banking sector
Now that we have established that banks can’t fail in Australia, we need to redesign the regulatory environment. Glenn Dyer offers some thoughts to kick off the conversation.
Morgan Stanley’s number one bear turns buyer
No wonder our market is up this morning: Australia’s Number One bear, Gerard Minack, has turned into a buyer, writes Michael Pascoe.
Kohler: Throwing retirees to the wolves
Protecting depositors is important, but it raises other questions, writes Business Spectator’s Alan Kohler.
Ford, GM failures in the US could remake the Bathurst 1000
Another successful Bathurst 1000 yesterday, but with the US parent companies close to failure, how much longer can it go on unchanged? By Glenn Dyer.
CBS writes down $US14 billion, media companies shudder
An enormous writedown by US media giant CBS has sent a chilling warning to media companies the world over, writes Glenn Dyer.
Rudd’s banking sector insurance scheme: the facts and reactions
Here are the details of Rudd’s banking insurance scheme and how economists are reacting to it. Compiled by Thomas Hunter.
Commentariat 2: John Durie the odd man out
The national business media was caught hopping by Kevin Rudd’s banking announcement yesterday afternoon, and some reacted more adroitly than others, argues Stephen Mayne.
