Fears of a global cash freeze worsened overnight, reports Glenn Dyer, and you can expect it is furrowing the collective brow of the RBA board.
Economy
Rocky outlook or not, CMH boss John Alexander is in the money
The share price might be plunging and there might be a nasty meeting with the banks looming, but CMH boss John Alexander is sitting pretty, writes Glenn Dyer.
Media wrap: Opposing the Wall Street bailout
Cash for trash … Wall St plan a hard sell on Capitol Hill … Why you should hate the Treasury buyout … Dems say they won’t get fooled again … Opposition to bailout plan grows … A better bailout.
Has Warren Buffett’s Goldman Sachs grab saved US finance?
Warren Buffett has bought a $5bn piece of Goldman Sachs, and in so doing has improved the mood of Wall Street. Is it the turning point the US economy has been waiting for?
GE and GM scrambling for financial safety
The list of companies protected from short selling continues to grow, with corporate royalty like GE and GM now jumping on board, writes Glenn Dyer.
Global markets: What part of the past 24 hours don’t you understand?
It has been a confusing 24 hours on global markets, writes Glenn Dyer. So what’s going on?
$700b might only buy short term relief: Moodys
According to Moodys, the risk of a credit crunch is not receding, writes Glenn Dyer.
US bank bailout not a cure-all
The US Government buyout fund will do nothing to help end the root cause of the problems faced by the US economy, writes Glenn Dyer.
Seven profit downgrade sees stock plunge
Plunging ad revenue, says Seven, is beheind today’s earnings downgrade. By Glenn Dyer.
RBA pumps billions more into national economy
The loud sloshing sound you could hear last night was just the RBA pumping more cash into the local economy, writes Glenn Dyer.
Central banks combine to, well, save the world
Oh no, here comes another bail out. Glenn Dyer reports on the action taken overnight by central banks to stave off global financial ruin.
The Subprime Crisis: An incomplete timeline
Some key moments in the history the worst global financial crisis since the Great Depression. Compiled by Thomas Hunter.
Macquarie should break its silence
With its stock price plunging, Macquarie needs to remind the market that it’s not at all like Bear, Lehman or Merrill, writes Tony Boyd.
Global market wrap: In a word, panic
Global markets overnight and into today have continued their mad scramble for order, writes Glenn Dyer.
HBOS and Lloyds merge as Wall Street tumult reaches UK
After a week on Wall Street that made history for all the wrong reasons, we are back in the UK where the latest casualty is a major bank, writes Glenn Dyer.
Is Russia the first nation crippled by Wall Street’s woes?
Trading on the Russian stockmarket has been halted each of the last three days, prompting questions about how the US financial turmoil is affecting markets internationally, writes Glenn Dyer.
Commentariat: No sympathy for the Wall Street devils
No sympathy for the devils … After 73 years, the last gasp of the broker-dealer … A sense that Wall St.’s boom times are over … The resilience of American finance … How not to lose everything.
Market slumps 2%, RBA pitches in
The local markets haven’t been shocked by the financial turmoil in the US, but its effect is slowly spreading throughout the globe, writes Glenn Dyer.
Steve Keen: Welcome aboard the FF Titanic
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.
Lehman Bros update: It’s over
3.10pm: Lehman Bros says it intends filing for bankruptcy later tonight, Australian time, after attempts to sell all or part of it failed, reports Glenn Dyer.
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.
RBA braces for Lehman Bros crash landing
The Reserve Bank of Australia has stepped in to cushion the blow of of the expected failure of Lehman Brothers, writes Glenn Dyer.
Dead-end for Lehman Bros: What the pundits say
Lehman Expected to File for Bankruptcy Protection … Greenspan: Once in a century crisis … If Lehman Liquidates, Wall Street Gets Set to Make a Killing … Let Lehman Fail … A tragedy of hubris and nemesis.
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.
Raptis reeling as QLD property market suffers downturn
The future of Queensland property developer Raptis remains unclear, writes Glenn Dyer.
