The phrase “risk aversion” no longer adequately covers the growing level of tension and concern on world markets, writes Glenn Dyer.
Credit losses
Credit crunch hits Perpetual as Gunns pressure grows
At yesterday’s AGM, Perpetual Trustees revealed it hasn’t escaped the credit crunch unscathed, even as protestors turned up the heat over the group’s Gunns shareholding. Glenn Dyer and Stephen Mayne report.
The inflation bears come out to play in US
With the oil price hitting new highs, the US dollar continuing to tank and US 10 year bond yields rising yet again, investors have turned their attention back to inflation, forcing down the Dow and other major indices.
