Krugman and Wells: This banking crisis feels strangely familiar…Greece, sup-prime mortgages and Zimbabwe’s hyperinflation — the world’s latest spate of financial crisis are nothing new, write Robin Wells and Paul Krugman: they follow a well-worn script that countries have been re-enacting for centuries.
Sub prime mortgage market
Coalition vote up 4.5%: Morgan poll
Support for the Coalition is on the increase, according to the latest Morgan Poll of federal voting intention. Pollster Gary Morgan cites the recent world market wobbles as a prime cause of a 4.5% lift in Coalition primary support in a face to face poll taken over the weekends of August 19/19 and August 25/26.
The Economy: Market “correction” worsens
One (or is it two?) big bank(s) ‘fessing up to financial difficulties has given the global equity market “correction” fresh downward momentum overnight.
Will China be the biggest sub-prime loser?
We all know that China has accumulated a staggering $US1.3 trillion in foreign reserves over the past few years, but it’s only starting to now dawn on analysts that the one-party totalitarian state might in fact be the biggest losers from the collapsing US sub-prime mortgage market.
Morning Market Report
The highlights and lowlights of this morning’s sharemarket activity.
Morning Market Report
The highlights and lowlights of this morning’s sharemarket activity.
