It tore across the heart of the country, ripping up everything in its path – no, it wasn’t the Mike Huckabee express, it was a brace of tornados that the rest of the country barely noticed until all the votes had been counted, writes Guy Rundle in Chicago.
Sub prime mortgage
Is Britain rushing headlong into recession?
Could the British economy beat the US in a headlong slide into recession? Glenn Dyer investigates.
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 turmoil, interest rates and Aussie politics
Ben Benanke is widely expected to cut the US cash rate by 50 basis points, perhaps shortly and out of season, RBA Chief Glenn Stevens is sitting tight, China’s central bank has raised interest rates again. (China’s actions to curb inflation are certain to be too little, too late, but at least they are trying.)
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.
And now the good news: it’s the bad news
Here’s a little heresy: the bad international business news is really good news.
The US stumbles… but it’s only the US
Funny thing about credit ratings agencies: instead of warning there’s a bomb inside the building, they have a marked tendency to subsequently examine the rubble and announce it’s not worth as much as it used to be.
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.
