Forget the election result: it will be great for the winning side. The cold reality on Monday morning will be interest rates and the gradual freezing of credit markets around the world, writes Glenn Dyer.
Interbank market
Credit crunch makes a comeback
Signs of the return of the credit crunch continue to appear with short term rates here and in Britain up and rates down sharply in the US as investors moved into safe, liquid securities, writes Glenn Dyer.
RBA steps up credit anti-freeze measures
Call it a coincidence but the timing from the Reserve Bank was perfect this morning. Just as bank bill rates were continuing to firm past 7% this morning, the Reserve Bank put out a statement which stopped the rise in its tracks.
