Hats off to the Babcock and Brown spinners for being able to paint a sale-of-assets-to-reduce-debt as a sale-of-assets-to-show-our-valuations-aren’t-dodgy
Property trusts
Beware the debt-funded commercial property plays
One of the problems with the Australian economy is that such a large proportion of it is dependent on property. Whilst the housing bubble hasn’t burst, the same can’t be said for commercial property, especially assets managed in heavily geared property trusts, writes Stephen Mayne.
Morning Market Report
The highlights and lowlights of this morning’s sharemarket activity.
Is the Centro debacle a threat to your super?
Superannuants shouldn’t be too concerned. We’ve been on a wild bull run for a long time, albeit with a few setbacks along the way, and this is just another one of those, says Frank Gelber, Chief Economist, BIS Shrapnel.
Morning Market Report
The highlights and lowlights of this morning’s sharemarket activity.
Round and round the subprime mess goes, where it stops, nobody knows
Another tough day on world markets. The biggest worry is the $US1,500 billion global asset-backed commercial paper markets, where there was evidence yesterday of an impact in countries previously unaffected, writes Glenn Dyer.
Howard in Iraq — the screenplay
Scene: A secure office somewhere in Baghdad. Iraqi Prime Minister Nouri al-Maliki is seated behind a desk checking the latest casualty figures. There is a knock at the door…
The word from Turd Blossom: Karl Rove’s tips for winners
Sure, after years of being lauded as a political genius, Rove leaves his party in worse shape than he found it, but much can still be learned from the master of the wedge, writes Sophie Black. Crikey has prepared a slim handbook for Rudd and Howard.
