We’re not out of the woods yet, but there’s a growing belief that the economy’s rapid descent into recession is slowing, writes Glenn Dyer.
Global Financial Crisis
Real economy wrap: Bi-Lo blues … diamonds aren’t forever … newspaper turmoil
Despite a rally on Wall Street overnight, the situation on Main Street remains grim indeed, writes Glenn Dyer.
Real economy wrap: US goes postal … black pudding back
The US Postal Service wants to cut its 6 million strong work force by around a quarter, in one of the world’s biggest ever downsizings, writes Glenn Dyer.
Mungo: have a nice trip Kevin, see you next fall
The Prime Minister might feel that even if the economic cycle is still clearly running against him, the political climate at least has changed for the better, writes Mungo MacCallum.
CleanTech: Green Invest cuts costs from the top
At Green Invest this week, it wasn’t those “last hired” staff at the bottom of the food chain who were let go, but instead highly paid, long serving board members, writes Garth Lamb.
The GFC’s most dramatic moment
In 45 minutes this morning US shares jumped, market interest rates plunged, the US dollar fell out of bed, the Aussie currency jumped sharply, gold soared, copper bounced and oil picked up, writes Glenn Dyer.
Slowdown continues to grip Oz economy
More signs of the slowdown continuing to grip the Australian economy, with another 4% fall in the value of imports in February, writes Glenn Dyer.
Kohler: rich payouts and poor politics
Australians are being very poorly served by their politicians at present. They are consumed by combat and we are being spiflicated by spin, writes Alan Kohler.
Babcock & Brown political donations will be missed
When the helium-driven investment bank Babcock & Brown collapsed into the arms of the administrator last Friday, the major political parties lowered their flags to half mast, writes Alex Mitchell.
GFC: real world economics
For all their apparent complexity, the world’s most powerful economic models had no concept of the very human emotions of fear and mistrust, writes Sean Stephens.
Dyer’s business wrap: Wall Street bounce belies EU gloom
Investor cheer over the rebound they have been searching for since November could be short lived, writes Glenn Dyer.
Grants distort lending in the housing market
It appears that the Federal Government has not headed the lessons of the US sub-prime debacle, which saw government intervention distort lending practices, writes Adam Schwab.
“Citigroup bounce” a blip on the radar
Wall Street’s rebound overnight on the back of a Citigroup profit announcement means precisely zero in the broader scheme of things, writes Glenn Dyer.
Raging rumours of sackings at News Ltd
Take the rumours of imminent mass sackings with a bit of salt, writes Margaret Simons.
Dyer’s business wrap: US stocks tumble … GM on the brink
For the second time this week, world markets have lurched deeper into the abyss, writes Glenn Dyer.
Recession? You’re standing in it
Last week, prior to the release of Australia’s GDP figures, London-based Stephen Koukoulas issued the following piece demolishing the recession debate.
Keating: a chance to remake the global financial system
Until international monetary governance is democratised, or at least is more representative, no major developing country, creditor or otherwise, is going to put its head into the IMF cum US Treasury noose, writes Paul Keating.
Myer shelves its dreams of world domination
Myer’s dream of a gleaming new Dubai store in the Ibn Battuta Mall has been out on laybuy, maybe shelved, writes Andrew Crook.
US economy submerged in sickening hole
The US economy has worsened since the start of the year, holding out the prospect of another sickening fall in growth, writes Glenn Dyer.
Sino salvation a false dawn
The old ‘China to save us’ card is played for the second time in four months, writes Glenn Dyer
Data, recession, Turnbull and a load of old experts
Malcolm Turnbull has built his entire strategy for the economic crisis on an academic parlour game with zero real-world significance, writes Bernard Keane.
“Operation Stimulus”: tinkering with Territory tenders
When the NT Government decides somehow that it wants something to happen, it does not first check on the marketplace or turn to the subtle tools of market intervention, writes Dr David Curl.
Australia’s long-running property bubble has burst
Australia is on the threshold of a domestic credit crunch caused by falling collateral values, writes Gavin Putland.
