Local markets have rebounded, with the decisive action taken by both the Australian and various European governments restoring some confidence. By Glenn Dyer.
Credit crisis
No easy way to say it: Aussie market tanking
Following the plunges seen on various amrkets around the world overnight, the Australian markets today followed suit, failling 6%, writes Glenn Dyer.
Return of short sellers marks a dangerous moment in US finance
With short sellers returning to the US markets, fears have been raised questions about what the SEC really wants, writes Glenn Dyer.
Iceland a microcosm of the global credit crisis
In Iceland you can see the whole story of the global credit crisis, writes Glenn Dyer.
Global market wrap: Enter the “D” word
The latest bad news from the world share markets, and how the pundits see it. Compiled by Thomas Hunter.
GM, Ford — death by financial strangulation?
If people don’t start buying cars again soon, iconic US car companies GM and Ford might come to a skidding halt, writes Glenn Dyer.
IMF: Australia unlikely to become an economic basketcase
According to the IMF, Australia, protected by Asian prosperity, will not suffer an economic upheaval along with the US and Europe. By Glenn Dyer.
Global market wrap: And the losses keep coming
Another day, another day of suffering for the globe’s stock market’s. Compiled by Thomas Hunter.
Keen: Rate cut both courageous and a failure
The RBA’s decision to cut rates by a full percent — twice what all pundits were expecting — is both courageous and an admission of failure, writes Steve Keen/.
RBA working to circumvent local credit shortages
With global credit now scarce, the RBA has come to the rescue of the Australian financial markets, writes Glenn Dyer.
Global market wrap: In search of stability
Although not as bad as Monday’s falls, the world stock markets still made substantial losses yesterday. By Glenn Dyer and Thomas Hunter.
UK poised to bailout a host of financial giants
The UK will tonight announce an unprecedented bailout of not one but a number of major financial instituions, writes Glenn Dyer.
Aussie Banks are crying poor but spending big
In a time of severe economic turmoil, when banks can’t afford to pass on in-full a rate cut, they shouldn’t be allowed to buy up their competitors, argues Glenn Dyer.
Global market wrap: Everywhere you look, carnage
Markets everywhere have taken massive losses overnight. Here’s a guide who lost what, and what the pundits think about it. Compiled by Glenn Dyer and Thomas Hunter.
Briefly Business: Pascoe, Foreclosure Alley, Iceland
Michael Pascoe previews the week ahead … What happens to the homes people walk away from … Iceland just the latest nation to joing the financial meltdown … Eurozone struggles for unified response.
Eslake: What a Chinese slowdown means for Australia
ANZ Chief Economist Saul Eslake argues that Australia is uniquely placed to withstand an economic slowdown, however small, in China.
Germany, Italy fighting off the global credit freeze
While the German government pours unprecedented sums into its ailing financial sector, Italy is working to keep its second biggest bank liquid, writes Glenn Dyer.
Questioning Buffett’s “show of faith” in Goldman Sachs
On the surface of things, Warren Buffett’s buy into Goldman Sachs seemed canny. But might it come to be a burden? Adam Schwab investigates.
Eslake: Why Australian Banks are standing strong
Crikey asked Saul Eslake, Chief Economist with the ANZ Bank, to detail why Australia’s financial giants are in a more comfortable position than their international counterparts.
Global markets wrap: When a crunch becomes a freeze
The credit crisis is affecting markets the world over. Here, Glenn Dyer looks at how global markets are reacting.
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.
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.
