As far as rescue plans go, saving so many US financial organisations from huge losses and criplping debt will not acheive the desired result, writes Associate Professor of Economics, Steve Keen.
Credit crunch
Media briefs: How Wall Street will hit ad spending …. A very indecent proposal
How Wall Street’s Black Sunday Will Affect Ad Spending … Citizen Journalism Success … YouTube’s a parasite … The man in the bushes … A very indecent proposal … Brisbane Broncos players named.
Worst day’s trading since 9/11
The US Federal Reserve meets tonight and a rate cut has suddenly become a very real option after the Lehman Brothers collapse and other events on Wall Street in the past four days, writes Glenn Dyer.
Alan Kohler: Lehman end-game
The next 24 hours will be one of the most decisive and significant in our lifetimes, writes Alan Kohler.
Lehman’s failure nothing short of re-making Wall Street
A huge weekend of negotiations and deal-making doesn’t appear to have been enough to save Lehman Bros. And the upshot is a vastly different Wall Street, writes Glenn Dyer.
Wall Street blackhole moves closer to Lehman Bros
It now appears that saving Lehman Bros will be up to the US Treasury, much as it was for Bearn Stearns, Fannie Mae and Freddie Mac, writes Glenn Dyer.
Fannie and Freddie set to damage US government finances
The debt implications for the US government in saving mortgage lenders Fannie Mae and Freddie Mac are profound, writes Glenn Dyer.
Saving Fannie and Freddy won’t solve US economic woes
Saving US mortgage giants Fannie Mae and Freddie Mac led to a brief rally on global markets, but that’s likely to be the extent of it, writes Glenn Dyer.
Morning Market Report
The highs and lows from today’s sharemarket.
Fannie and Freddie not the only global financial basketcases
The rescues of Fannie Mae and Freedie Mac highlight again how the US Treasury iis single-handedly keeping the global economy afloat, writes Glenn Dyer.
At last. The stockmarket’s looking up
Has the stockmarket bottomed? Unfortunately for investors there is no official indicator that rings loud and clear when the worst is over. But there is the Eureka Report Market Bottom Assessor (MBA)…and it’s just twitched! writes James Kirby.
Macbank-ECB loan may give other Aussie banks ideas
Macbank’s clever dealing with the European Central Bank may have shown others looking for a way through the credit crisis, writes Glenn Dyer.
American economic crisis kills another bank
The 10th American bank this year went bust at the weekend in the US state of Georgia, writes Glenn Dyer.
Allco, Centro flood the market with $3.8bn losses
A $3.8 billion sea of red ink washed across the Australian stockmarket this morning with news of the combined losses of Centro and Allco, writes Glenn Dyer.
US wrap: Shareholders hurting, inflation up, houses down
Think economic news from the US, think bad news. If the news from the last few days is any guide, that isn’t about to change. By Glenn Dyer.
Babcock & Brown takes another hit, this time from Goldman Sachs
When things start going bad, they can go bad very quickly, as Babcock & Borwn Power discovering with the loss of coverage from Goldman Sachs JBWere, writes Glenn Dyer.
Will the consumer credit market be the next to collapse?
Despite the problems people are having in paying back, credit cards are still being handed carelessly. Adam Schwab asks, how much of the current overall debt will end up being paid back?
US economy leads the world in manufacturing bad news
Amid all the talk about the improving performance of the US economy, the US is still a rich source of bad news. Here’s a quick wrap of the latest bad economic tidings from the US. By Glenn Dyer.
Aussie banks flush with cash, but they won’t tell you that
Australian banks are not doing it as tough as they would like the Australian public to believe, writes Glenn Dyer.
15 July 2008 — the day the world turned?
On the same day Fed boss Ben Bernanke told the world that US interest rates had bottomed, something curious happened, writes Marcus Padley, publisher of the Marcus Today stockmarket newsletter.
Suncorp, Mirvac bring more bad news to market
A week aftrer NAB reported an $830 million writedown, Suncorp and Mirvac are updating the market nio their own bad financial news, writes Glenn Dyer.
NAB announces $830 million bad debt provision
After announcing a significant bad debt provision this morning, the NAB has once again shown itself to be the most trouble-prone of all our financial groups, writes Glenn Dyer.
US commerical banking sector insolvent. Worse news to come
The flood of bad news flowing out of the US continues apace, as Glenn Dyer reports on the problems besetting the housing and commercial banking sectors.
Apple, Amex cast new shadow over US credit markets
Amex and Apple came back with lower than expected profit results, casting another shadow over the fragile US credit markets, writes Glenn Dyer.
How can the USA possibly keep its AAA credit rating?
This is America’s darkest hour in decades and the global contagion is profound, writes Stephen Mayne.
