Eight days of hardship on the ASX, two major banks taking billion dollar losses — is Australia still looking strong enough to withstand an economic slowdown in the US? ANZ Chief Economist Saul Eslake answers Crikey’s questions.
Dollar losses
US and Euro banks slump, Aussie banks strong
Citigroup and its CEO, Chuck Prince, are parting company after an agreed deal ahead of a board meeting in New York a few hours ago, a week after Stan O’Neal and the board of Merrill Lynch parted company with Stan walking with $US160 million, writes Glenn Dyer.
Treasurer, be careful what you wish for
There’s an adage about being “careful for what you wish for” that could apply to the increasingly shrill scaremongering coming from our Federal Treasurer, writes Glenn Dyer.
