Meaty snippets from the home of government, Richard Farmer writes.
Credit crunch
How Fannie and Freddie changed Republicans into Democrats
So deep is trouble brought to the US economy, proud Republicans have begun acting like democrats in order to deal with it, writes Glenn Dyer.
Private equity suffering in the UK to spread downunder
UK retailer Debenhams is suffering, as are the private equiteers who own it. The really bad news is, there Australian companies stepping into the same leaky boat, writes Glenn Dyer.
Kohler: Trigger-happy bankers
Central Banks in the US and Europe are planning, through policy, to impose 1930s-like conditions. We stand at an interesting crossroads in economic history, writes Alan Kohler.
Rich 200: The crunch takes a few victims
The party’s not over for the BRW Rich 200, but the volume’s certainly been turned down. SmartCompany’s James Thomson previews the annual guide to wealthy Australia.
US housing markets brace for more bad news, more pain
More painful news for American housing markets is to be expected this week as new data is to show yet another slump in prices in the 20 major metro markets across the US, writes Glenn Dyer.
Curtain to fall on the flawed Macquarie Model
Macquarie Airports chairman Max Moore-Wilton has made millions helping the Millionaire Factory double the value of Sydney Airport. Yesterday he was keen to trumpet this achievement, writesStephen Mayne.
Bankers seek to change accounting rules to deflect subprime pain
The banking industry, who helped create the environment that allowed the subprime crisis, US housing slump and credit crunch to flourish, now want the accounting rules changed to help them survive, writes
Millionaire Factory makes $1.8bn, then loses $1.9bn
Despite big losses following Allan Moss’s profit presentation, there are some impressive numbers in Macquarie’s results, writes Stephen Mayne.
Macquarie still bullet proof, but shares fall and bosses take pay cut
At 8.30am this morning, Australia’s unique Millionaires Factory unveiled a paper deluge on the market. So what was in it? Stephen Mayne takes a look.
A tale of two US economies: stockmarket up, housing down
The American stockmarket is now within a solid week or two’s trading to moving back into the black for 2008. But things aren’t so cheery for homeowners, writes Glenn Dyer.
Boost for Housing Supply: HIA chief
The first Swan budget is a step in the right direction for solving the problem of housing supply, writes Chris Lamont from HIA.
Across the pond: The US and UK deal with faltering economies
Bad news overnight from the UK and the US as both economies appear to be showing signs of sliding into recession, writes GLenn Dyer.
How overvalued is Australian residential property?
Another US house price survey, another decline in value and the correction seems to be heading across the Atlantic. Will it reach Australia?, writes Adam Schwab.
Eslake: What we can expect from the Budget
The ANZ Bank’s team of economists take a look at tomorrow night’s budget.
ABC Learning admits defeat in the US, problems continue at home
ABC Learning Centres has been defeated in the US, but it has also acknowledged that there are serious problems in its Australian business, writes Adam Schwab.
Don’t bank on an end to recapitalisation yet
The growing list of banks recapitalising themselves shows no sign of stopping, writes Glenn Dyer.
RBA puts $1.1billion into mortgage securities. What’s up?
It seems the central bank is trying to kick start the home loan market, writes Glenn Dyer.
MFS faces liquidation as Chris Scott returns to the fold
You’ve got to hand it to S8 founder Chris Scott - the man certainly has guts, writes Adam Schwab.
Vintage First Dog – The Fairy Peanut!
Vintage First Dog…
The Sheet: Hysterical end to the long boom
There can be no more certain indicator of the end of the boom than the muddled analysis of the Opes Prime and ANZ affair, writes Ian Rogers.
More US banks succumb to housing slump
In the past week, two more major US banks have been forced to raise new capital, cut dividends and curtail lending to stay alive, writes Glenn Dyer.
Revealed: The $5 billion share debts of ANZ and Merrill Lynch
Much did ANZ and Merrill Lynch have exposed to securities lending at the peak of the credit bubble last year? Stephen Mayne crunches the numbers.
Chris Murphy: “I’m no fool”
The man who some blame for the Opes Prime collapse, Sydney lawyer turned day-trader, Chris Murphy, has taken issue with an article regarding his woes, writes Adam Schwab.
What will happen to Chris Murphy?
Colourful Sydney lawyer and self-professed gun share trader, Chris Murphy, has had better months, writes Adam Schwab.
