Even retailers like Costco, who sell for a fraction above wholesale price, are feeling the pinch as consumers sdpend their money more carefully, writes Glenn Dyer.
US
Morning Market Report
The highs and lows from today’s sharemarket.
US banking sector set to be reshaped by credit crunch
More bad news from US banks overnight shows the continuing impact of the credit crunch, and that the US banking sector could look quite different once the crunch has ended. By Glenn Dyer.
US market’s dead cat bounce: pick your breed
The US market might have rallied overnight, but the only question is when it will return to flatlining, writes Glenn Dyer.
Morning Market Report
The highs and lows from today’s sharemarket.
Why Australia needs a government-sponsored bank
In the wake of the US government making its implicit guarantee of Fannie Mae and Freddie Mac explicit, there are numerous calls for Australia to leave the market to itself. I believe this is the wrong call, says Joshua Gans.
Morning Market Report
The highs and lows from today’s sharemarket.
Fed fixes Fannie and Freddie, saves the world
The financiers of the American dream are reporting nightmares, writes Glenn Dyer.
Reagan’s Iran scandal born again in McCain
The “lost chapter” of the official investigation into the Iran-Contra scandal is compulsory reading for students of campaign 08. Dan Cass explains.
Morning Market Report
The highs and lows from today’s sharemarket.
Morning Market Report
The highs and lows from today’s sharemarket.
Hitchens’ tortured pursuit of the truth
Christopher Hitchens undergoes waterboarding for the sake of journalism … and declares it torture.
Morning Market Report
The highs and lows from today’s sharemarket.
Morning Market Report
The highs and lows of the sharemarket.
Recession or stagnation? Which way will the US go?
Recession or stagnation? America’s economy is in trouble either way, writes Glenn Dyer.
Morning Market Report
The highs and lows from today’s sharemarket.
Morning Market Report
The highs and lows from today’s sharemarket.
US economy attacked from every side
While we were long weekending and celebrating Lizzie’s birthday, the US economy took a beating, writes Glenn Dyer.
Another major US bank in trouble as Bernanke switches tack
Lehman Bros, America’s 4th largest investment bank, looked in trouble yesterday as the US Federal Reserve announced a change in policy, writes Glenn Dyer.
US housing markets brace for more bad news, more pain
More painful news for American housing markets is to be expected this week as new data is to show yet another slump in prices in the 20 major metro markets across the US, writes Glenn Dyer.
Sparrow: Executed in the USA
Since the late nineteenth century, ‘humane execution’ has been the American dream, writes Jeff Sparrow.
US rate cuts could be doing more harm than good
Perhaps it’s time for the US Federal Reserve and the American public to choose their evil, writes Glenn Dyer.
US Fed throws more money at the sinking ship
The US Fed can pump as much money into the US financial system as it wants but it can only slow the momentum of the slide into recession, writes Glenn Dyer.
Credit crunch far from over: US Fed
The US Federal Reserve has delivered some glum news for financial markets and regulators around the world: it doesn’t expect the credit freeze to ease for at least the next six months, reports Glenn Dyer.
